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« February 5, 2012 - February 11, 2012 | Main | February 19, 2012 - February 25, 2012 »

February 16, 2012

Barclays Jumps Into Mobile Money Transfer With Pingit

Barclays logo 140pxBarclays announced that it has launched Europe’s first person-to-person service for sending and receiving money using mobile phone numbers.
Antony Jenkins, Chief Executive, Barclays Retail and Business Banking said: “Barclays Pingit could revolutionise the way people send and receive money. For friends splitting the cost of dinner, repaying a borrowed £10 or people sending money to a son or daughter at university, it’s free, quick, convenient, secure, and easy to use. You can send and receive money in seconds, without having to enter account details.

The Barclays Pingit service will be available to current account customers of all UK banks and building societies, not just those with Barclays current accounts. Full details are at

TSYS Acquiring Solutions To Offer American Express OnePoint

Tsys logo 140pxTSYS announced that both its front-end authorization and capture as well as back-end clearing and settlement platforms are now enabled to process American Express OnePoint transactions.
“This is a mutually beneficial agreement for both TSYS and our clients to expand our processing and merchant portfolios respectively,” said Eric Barth, senior director, product management, TSYS. “For the first time, TSYS will be able to offer our clients complete processing services for all card brands with the convenience of a single deposit and one billing statement to merchants.”

Payments News - February 16, 2012

On the web:

On the wires:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

February 15, 2012

NetSpend Announces Launch of PayPal Prepaid MasterCard

NetSpend logo 140x60pxNetSpend, a leading provider of general-purpose reloadable (GPR) prepaid debit cards, has announced the launch of the PayPal Prepaid MasterCard.
"PayPal has chosen us to be the exclusive program and distribution manager and processor for their GPR card," said Dan Henry, chief executive officer of NetSpend. "We are marketing the PayPal prepaid card online and through our direct mail channels. Through this relationship, we are able to offer the prepaid card to PayPal's 106 million active users."

“Snap-to-Buy” Technology Extends Glamour Shopping Experience

Snaptag icon 60x60pxSpyderLynk, creator of SnapTag, has announced its new Snap-to-Buy technology will be deployed in Glamour’s March issue, and through its Glamour Apothecary “shop-able” Wall.
Snap-to-Buy SnapTags transform the way consumers shop for products they see in print advertisements. It is the first integrated solution that combines social media, print media and mobile allowing consumers to complete a purchase from a single mobile based technology platform. Consumers simply snap or scan the “Buy it Now” SnapTag to purchase an advertised product. Consumers enter their credit card information once, which is then saved in a fully-encrypted ‘mobile wallet’ that can be used to make future “Snap-to-Buy” purchases from their specific mobile device.

In related news, Billing Revolution has rebranded itself to buck and announced it is the mobile payment enabler behind Snap-to-Buy.

Effects of Credit Scores on Consumer Payment Choice

Boston fed logo 140pxThe Boston Fed has published a Public Policy Discussion Paper entitled "Effects of Credit Scores on Consumer Payment Choice".
This paper investigates the effects of credit scores on consumer payment behavior, especially on debit and credit card use. Anecdotally, a negative relationship between debit card use and credit score has been reported; however, it is not clear whether that relationship is related to other factors, such as education or income, or whether it is a mere correlation. We use a new consumer survey dataset to examine whether this negative relationship holds after controlling for various consumer characteristics, including demographic and financial characteristics, consumers' perceptions toward payment methods, and card reward status.

February 14, 2012

February 13, 2012

InComm Acquires Restricted Spend Payment Company Medagate Corp

InComm logo 140pxInComm announced that it has acquired Medagate Corporation, the company that powers OTCNetwork, the only national closed loop over-the-counter (OTC) healthcare benefits payments platform.
Medagate's technology platform supports several applications that enable retail and healthcare to intersect at the point of sale, enabling insured health plan members as well as Medicare and Medicaid members to access and spend their monthly healthcare benefits in an easy and familiar manner.

All current employees of Medagate will remain with the company, with its existing management continuing to run the day-to-day operations.

ThreatMetrix and TransUnion Launch Enhanced Fraud Prevention Platforms

TransUnion logo 140pxThreatMetrix and TransUnion have announced a collaborative effort to incorporate features and functionality from their respective fraud prevention platforms.
“Today’s reality is that device identity is a critical component of a person’s overall online identity. The combination of personal and device identity verification now available through the TransUnion and ThreatMetrix platforms is good for consumers in that it can prevent unauthorized transactions if their online identity has been compromised,” said TransUnion’s Jeff Brown, vice president, Identity Risk Solutions.

appMobi’s Launches In-App Purchasing for iOS, Android, Facebook

Appmobi logo 140x40appMobi has announced public beta availability of playMobi, a cross-platform HTML5-based game development, deployment, and monetization SDK.
playMobi enables cross-platform in-app purchasing with its 1Touch in-app payment system. When a player makes a purchase, playMobi automatically completes the transaction using the correct in-app-purchase backend system, based on the device in use. When running on iOS, playMobi uses iTunes; on Android, Google Payments; on Facebook, Facebook Credits; and on the Open Web, PayPal.

More information is available from the appMobie website,


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