Working with Diebold, Saque e Pague,ATMs is delivering a range of financial self-service capabilities never before available to consumers and financial institutions. With deposit automation- and cash recycling-enabled ATMs, the bank is helping Saque e Pague rapidly grow its network, which recently surpassed its millionth transaction, to help reach previously underbanked regions in the country. Deploying cash recycling at the ATM allows Saque e Pague to expand into new markets with limited financial service options. As cash recycling extends ATM uptime, the network provider and its financial institution partners can deploy terminals in remote areas that were previously uneconomical to service, thereby reaching underbanked populations.
CardinalCommerce, the pioneer and global leader enabling digital commerce, announces that it has been granted a US patent for Alternative Payment Implementation for Electronic Retailers, patent US 8,762,210, and notice of allowance for Method and System for Extending Payment System Architectures and Legacy Order Processing Systems to Mobile Commerce Applications via Text Messaging (Japan). The new patent reinforces that Cardinal is on the leading edge of the payments industry’s move towards omni-channel payments. Consumers are looking for convenient ways to shop and to protect themselves and their payment data when shopping. This technology allows for in-store transactions using payment methods other than plastic cards, like digital wallets and other alternative payment methods. Cardinal’s patent portfolio includes 42 issued patents, 5 notices of allowance, and approximately 100 patent applications pending.
ATM owners and operators have been urged to begin planning for U.S. EMV chip migration as soon as possible to protect themselves from potential fraud losses. The EMV Migration Forum is a cross-industry body focused on supporting the EMV implementation steps required for global and regional payment networks, issuers, processors, merchants, and consumers to help ensure a successful introduction of more secure EMV chip technology in the United States.
MasterCard finds Australians are paying $1.6 billion annually in credit card surcharges. Another survey found Cabcharge, Qantas, Virgin Australia, Jetstar and Tiger were the biggest violators of RBA rules to limit surcharges.
BitPay announced today that it has become a Demandware LINK Technology Partner. Demandware’s clients will now be able to easily add bitcoin as a form of payment thanks to BitPay’s development of a pre-built integration between its payment processing services and the Demandware Commerce platform.
Visa cites its Google experience to help Latin American (LAC) companies to rethink their commercial card strategies and bring them up to snuff in 2014 and beyond. The Visa roundtable survey clearly showed that many LAC companies do not have a mandate for their commercial credit card.
Feds looking again at Green Dot MoneyPak product that criminals have used to fleece thousands of consumers nationwide. The product shutdown is scheduled for early next year but consumer scams abound.
Discover receives top ranking in a major consumer study. Among many factors: Discover is the first major credit card issuer to provide free FICO Scores directly to its cardholders on their monthly statements.
Visa acquired a license that will enable us to integrate TrialPay technology into the Visa platform. TrialPay will be joining the Visa team as full time employees to help accelerate the development of a loyalty and offers platform. Eight years ago, TrialPay pioneered the concept of transactional advertising-placing relevant offers around online transactions, and using transactional data to show the most relevant offers and ads to consumers. To date, half a billion consumers have used TrialPay, generating hundreds of millions of new transactions for merchants big and small. The engaging TrialPay technology is the engine that served up the offers and ultimately led to these transactions. Visa invested in TrialPay three years ago and has helped TrialPay grow. TrialPay itself will remain independent, with no interruption to any of its services.
Discover’s Payment Services dollar volume was $50.9 billion for the second quarter of 2014, up 3% from the prior year. PULSE transaction dollar volume was up 4% year-over-year.
allpay is supporting prepaid innovator, Osper, with its first class manufacturing, personalization and fulfilment application for its signature bright orange plastic prepaid card. The Osper Card aims to equip young people with an easy-to-use platform to enable them to develop their money management skills. The Card facilitates cash withdrawals at cash machines as well as online purchases, much in the same way as a traditional debit card. allpay has helped Osper to manage the high demand for the card, providing a fast paced manufacture, personalisation and fulfilment service for the hundreds of daily card requests.
BPC Bank announced EthSwitch has chosen SmartVista to power its national switching operations. SmartVista was selected because of its comprehensive functionality, advanced technology and proven track record in helping payment businesses worldwide capitalize on opportunities presented by the changing payments landscape. EthSwitch was formed by all the banks in Ethiopia, and with the backing of the Ethiopian Bankers’ Association and the country’s central bank known as the National Bank of Ethiopia. EthSwitch aims to connect all banks to a central transaction switching platform that will provide customers with access to their money and other financial services via any ATM, Point of Sale (POS) device, mobile and Internet channels, regardless of which bank issued their card or in which bank their account is kept.