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« November 4, 2012 - November 10, 2012 | Main | November 18, 2012 - November 24, 2012 »

November 15, 2012

LevelUp to Provide Mobile Payments at Louisville's KFC Yum! Center

Levelup logo 140pxThe KFC Yum! Center is the first sports arena to allow visitors to pay with their mobile phone at all hospitality and merchandise stands thanks to hospitality partner Centerplate, which announced that it has tapped LevelUp to provide the KFC Yum! Center's mobile payment experience at 200 merchandise and hospitality stands.
"The KFC Yum! Center is at the forefront of the mobile payment revolution by adopting LevelUp at massive scale throughout the arena," said LevelUp's Seth Priebatsch. "Now anyone visiting the KFC Yum! Center can have a dead-simple way to pay and get rewarded for their loyalty. We're excited to be a part of such an innovative approach from Lousiville's largest venue."

In related news, LevelUp also announced a partnership with NetSpend that will offer a $10 incentive to consumers who link their NetSpend prepaid cards to their LevelUp accounts.

FIS to Provide InstantFunds Mobile Technology for AmEx Bluebird

FIS logo 140pxFIS announced that American Express has selected FIS’ InstantFunds Mobile technology to provide mobile-driven remote check capture for Bluebird accounts.
“Consumers are increasingly mobile and tech-savvy and constantly seek convenience. They want the option to perform any financial or purchasing transaction with a mobile phone,” explained Gary Norcross, president and chief operating officer, FIS. “We recognized the opportunity to offer a mobile solution that brings more secure, self-service capabilities to consumers and we’re excited that American Express has teamed with FIS to support its innovative Bluebird offering.”

FIS InstantFunds Mobile enables consumers to use their smartphones to scan a check and add funds into their account, thus limiting fraud by leveraging FIS’ analytics and payment guaranty technologies.

Tabbedout Launches Branded Offers in Denver-Area Bars and Restaurants

Tabbedout logo 140pxTabbedout announced that it is now enabling major brands to push offers directly to consumers via its self-checkout app, launching first in the Denver market with Shiner Beers.
The Tabbedout app provides a vehicle for beer and liquor brands to extend a tab discount or IRC to customers for trying their product. Now available in Denver, when a consumer opens a tab using Tabbedout, they will see offers available to redeem for tab discounts when they order any Shiner Beer. Tabbedout's unique mobile payment platform allows the user to control their experience by redeeming the offer and applying the discount directly to their tab in real time from their phone. If the user forgets to redeem before paying their tab, the app will send a notice to apply the discount before final payment is made.

November 14, 2012

Glenbrook Goes Global!

GP Logo Horizontal 140px

Glenbrook is pleased to announce availability of a new private payments workshop on Global Payments.

Focused particularly on cross-border payments, the course is designed to help payments professionals understand this rapidly changing, and highly lucrative, sector of the industry. The Global Payments course is an addition to Glenbrook's extensive list of available private workshops.

Glenbrook's Global Payments course is available as a one-day or two-day session, and can be conducted in person at your premises and/or via a private webinar to reach your global staff groups. The agenda includes:

  • Overview: Key Concepts, Regulation, Foreign Exchange
  • Country Payments Systems - Commonalities and Differences, Key Country Focus
  • Cross-Border Payments: Wires, ACH, Cards, Money Transfer Systems
  • Cross-Border Use Cases - Supplier Payments (B2B), Cross-Border eCommerce, Global Payouts (B2C and G2C), International Remittances

Private workshop clients can choose particular countries they are interested in for the "Key Country Focus" section, as well the particular use cases they want to concentrate on.

Interested? Please take our global payments survey to give us your general feedback. And contact Glenbrook's Elizabeth McQuerry to discuss scheduling a Global Payments workshop for your company.

November 13, 2012

More than 50 Financial Institutions Adopt V.me by Visa

Visa logo 60pxhVisa announced that more than 50 additional financial institution partners will be distributing V.me, Visa’s new digital wallet service.
“Whether you’re shopping for holiday gifts or shopping for yourself, V.me is now available to anyone in the U.S. looking for a more simple, secure, and personal online shopping experience,” said Jennifer Schulz, global head of eCommerce, Visa. “V.me is built around a single concept, to help people shop online simply and securely. We understand that need and believe our long-standing relationships with financial institutions, merchants and acquirers put Visa in a strong position to deliver the very best digital wallet experience.”

These relationships bring the addressable base of cardholders to as many as 55 million, allowing account holders to easily enroll Visa and other U.S.-issued payment cards through V.me and begin shopping online from a PC, tablet or mobile phone.

Citi 'Price Rewind' Price Protection Program

Citi logo 140pxCit has announced a new price protection program called Citi Price Rewind. Here's how it works. After a Citi cardmember purchases and registers an eligible item, Price Rewind will search hundreds of retailers’ sites for 30 days after the purchase to find a lower price. If a price is at least $25 less than what the cardmember paid, Citi will refund the difference in price – up to $250 per item.
“During the holiday season when the clock is ticking on getting popular gifts and toys, our customers can make their purchases today with more confidence that we will help get them a lower price,” said Ralph Andretta, Head of Co-Brands and Loyalty at Citi Cards. “Citi Price Rewind is another way that we’re delivering value to our cardmembers by using unique technology, and we’ve found a lower price for one-out-of-four registered purchases over $100.”

For more information on Citi Price Rewind, including a full description of coverage, eligible categories and Citi credit cards, visit http://www.citi.com/pricerewind.

American Express Debuts Membership Rewards for Mobile Gift Cards

Amex logo 140pxAmerican Express has announced that Cardmembers can now use Membership Rewards points for smartphone-enabled gift cards and use them instantly to pay with their smartphones.
“We know our Cardmembers want the flexibility to use the points they’ve earned for rewards they want, when and how they want them,” said Christopher Besendorfer, Vice President Loyalty and Membership Benefits, American Express. “As the worlds of online and offline converge, we're finding new ways for Cardmembers to use points, whether at home, on the run, and now instantly in-store with a Mobile Gift Card.”

Mobile Gift Cards are currently available for eight different retailers including: Banana Republic, Gap, Old Navy, PBteen, Pottery Barn, Pottery Barn Kids, West Elm and Williams-Sonoma.

BofA Merchant Services Announces Mobile POS Solution for Small Businesses

BankofAmerica logo 140pxBank of America Merchant Services has announced the December 3, 2012 release of 'Mobile Pay on Demand', a new solution that turns a client’s smartphone or iPad into a mobile point-of-sale terminal.
“In today’s economic environment, small businesses are looking for secure, easy and portable ways to confidently accept payments beyond cash, and promote their business to a broader customer base,” said Tom Bell, chief executive officer, Bank of America Merchant Services. “With Mobile Pay on Demand, we are making it even easier for small business owners to accept secure payments anywhere. The product is fully integrated with existing Bank of America accounts and services, allowing deposits made into a Bank of America small business checking account to be processed as soon as the next business day.”

BofA customers can find more information about the product and sign up at http://www.bankofamerica.com/mobilepay.

November 12, 2012

Preliminary Approval in U.S. Merchant Litigation

Generic credit cards 140x60pxJudge John Gleeson of the U.S. District Court for the Eastern District of New York has granted preliminary approval in the U.S. merchant litigation. Reuters has a nice write up of the hearing:
During a packed hearing on Friday, lawyers for dozens of objectors -- including Target Corp and Home Depot Inc -- told the judge that the settlement offered meaningless relief for merchants saddled with an estimated $30 billion in annual swipe fees. They also argued that releases shielding Visa and Mastercard from new litigation over the same claims would violate their legal rights and give the two companies protection from for any future anti-competitive behavior.

The National Retail Federation said that is will continue to oppose the settlement and look at other legal options.

In other legal news, the U.S. Supreme Court has agreed to AmEx's bid to force merchants to arbitrate antitrust claims over it fees.

Discover Financial Services Announces Next Steps for EMV Deployment

Discover logo 140px Discover has announced the next milestone in its global EMV deployment: a comprehensive strategy and roadmap that includes Discover Network, Diners Club International, PULSE and Discover Card.
“Our timeline to support chip-based credit and debit transactions, in addition to our Fraud Liability Shift policy, are critical milestones to helping make EMV a reality in the U.S.,” said Diane Offereins, President of Payment Services at Discover. “As with the Discover mandate announced earlier this year, our approach to EMV enables participants to select verification methods and transaction types that meet their organization’s needs.”

Western Union Partners with ChinaPay on Direct RMB Payments for Tuition

WesternUnion logo 140pxWestern Union announced its plans to expand its partnership with ChinaPay, the online and mobile payments subsidiary of UnionPay, to offer an integrated, co-branded platform that will allow universities to give incoming Chinese students the ability to make foreign tuition payments in their home country and currency.
“More students go abroad from China than any other country in the world,” said Kerry Agiasotis, Chief Commercial Officer, Western Union Business Solutions. “Over 1 million Chinese students studied abroad in 2011 and China is clearly an important market for universities globally. I am delighted that our partnership with ChinaPay will allow us to create a platform that will make it easy for them to accept local RMB payments in a timely and efficient manner.”

First Data Releases October 2012 SpendTrend

First data logo 140x60pxFirst Data has released its First Data SpendTrend analysis for the full month of October 2012 compared to October 2011.
Dollar volume growth of 6.7% in October was healthy as shoppers became less pessimistic about the economy. Improved consumer sentiment and a pullback in savings continued to support spend. Meanwhile, transaction growth slipped to 5.9% in October compared to 6.3% in September. Average ticket growth was 0.8% in October, a reversal from September’s -0.5% growth. Several retail categories experienced improved average tickets from September due to a slight rise in prices. However, a sharp increase in average ticket growth at retailers indicates that consumers have also shown an increased tendency to spend more.

SpendTrend tracks same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations.

Federal Reserve Reports Consumer Credit for September 2012

Fed The US Federal Reserve has reported its latest G.19 Consumer Credit statistics - finding that "consumer credit increased at a seasonally adjusted annual rate of 4.0% in the third quarter. Revolving credit decreased at an annual rate of 1.5%, while nonrevolving credit increased 6.5%. In September, consumer credit increased at an annual rate of 5.0%."

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