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January 14, 2013

Revel Systems Adds EMV Processing to iPad Point-Of-Sale System

Revel systems logo 140x60px Revel Systems announced it has become the first iPad point-of-sale (POS) system to provide EMV compatibility in the United States.

“The industry at large is faced with a major need to reduce credit card fraud and increase security. Revel Systems is the first to anticipate impending changes for industry standards for point-of-sale,” said Revel’s co-founder and CTO Chris Ciabarra. “Integrating directly with EMV readers is the logical next step for us to provide the most innovative technology solutions to our customers and also give them the surest and most secure means to reach EMV certification by the 2016 deadline.”

Medagate Launches Dual Network Healthcare Payment Card

Otc network logo 140x60pxMedagate, a wholly owned subsidiary of InComm, announced the launch of the MasterCard Dual Value Health Card, the first dual network healthcare spending card.

With the Dual Health Value Card, administrators can designate spending for certain items, such as flu shots, prenatal vitamins or smoking cessation products. Retailers and benefit providers can also offer coupons or special promotions to specific populations (for example, allergy sufferers on the first day of hay fever season). Funds and items on defined contribution and controlled spend lists can be reloaded and redefined at any time. The Dual Value Health Card’s functionality allows plan administrators to give access to flexible benefits, and the distinct tracking allows health program providers to restrict the cards from being used to purchase items such as alcohol, tobacco and other non-approved items.

The Dual Value Health Card enables employers and health plans to combine a member/employee healthcare funding purse with a restricted-spend purse for targeted items and incentives.

First Data Releases December 2012 SpendTrend

First data logo 140x60pxFirst Data has released its First Data SpendTrend analysis for the full month of December 2012 compared to December 2011.

Consumers stepped back from spending in December as the fiscal cliff debate continued, lingering effects of Superstorm Sandy persisted, and the initially less aggressive retail discounting environment for most of the month dampened shopping. Dollar volume growth was 4%, the lowest monthly growth in three years and a steep slowdown from the typical range between 6% and 10%.

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

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