ACI Worldwide (ACIW) announced Southern Auto Finance Company (SAFCo) has selected its UP Bill Payment Solution to increase consumer convenience and reduce payment processing costs. SAFCo customers will be able to pay their loans electronically on a mobile device, computer or via phone with a debit card or ACH (Automated Clearing House). Recently named to SubPrime Auto Finance News’ list of Top 100 sub-prime auto lending, recovery and financial service providers, SAFCo is a leading automotive financing company that operates in 14 states. As the company expands its national reach, it is constantly working to improve processes and offer innovative solutions, including bill pay advancement. After conducting a broad vendor evaluation, SAFCo chose ACI’s comprehensive and integrated electronic bill payment solution.
Beepi announced that it has integrated with BitPay, a bitcoin payment processing service, to become the first peer-to-peer marketplace to allow its users to purchase cars with bitcoin. In addition, the company will also offer prospective buyers pre-approval for loans at check-out. Adding bitcoin as a payment option and instant pre-approval for car loans are the next logical steps for Beepi, a company founded with a goal of eliminating friction at every step of the buying and selling process.
MasterCard and Silicon Valley Bank are inviting startups from across North America to apply for a position in the Commerce.Innovated. class. In the four-month Commerce.Innovated. program, participating startups receive access to industry expertise across the commerce space from selected MasterCard and Silicon Valley Bank executives and partners. Participants must be focused on an innovative commerce solution; have assembled a strong, small core team; activated a beta of their solution, that projects to generate revenue in the next 6 months; and have secured or raising seed funding, with plans to raise Series A.
PayPal has introduced Next-Day Settlement (NDS) for eligible businesses in the United States through a pilot program. This allows eligible businesses transferring money from their PayPal account to their bank account now have the ability to receive their money within 24 business hours instead of the three to four business days it used to take. And, as long as you make your transfer by 5 pm local U.S. time, you’ll have access to your money quicker than ever before. Again, we’ve heard your concerns so we’ve been working with our banking partners to optimize processes on both their end and ours so that we can make the 24-hour transfer a reality. Now that makes a difference. Businesses eligible for Next-Day Settlement have received notifications informing them that they can opt in to the program.
The MRC today announced the election of Peter Bayley, Executive Director, Risk Management of Visa Europe, to its Global Board of Directors. Mr. Bayley joins the board after several years of service and dedication to the association, including his two year term on MRC’s European Advisory Board.
First Data launched its “PayLucky Solutions” for legalized online and offline gambling and gaming. The “PayLucky Solutions” offers an innovative package of comprehensive payment services, all in one place, giving players instant funding access – by removing the typically long wait for payment verification and giving financially qualified players the ability to immediately play. This makes payment acceptance risk-free – by protecting operators with qualified players to decrease payment risk and guarantee player funding using TeleCheck® Warranty ACH service, which uses third party validation and provides proprietary analysis on individual spending habits. It also ensures players can quickly access their funds through several options including an open loop or closed loop prepaid card, ACH deposit to a checking account or paper check.
MasterCard’s (MC) Europe region Purchase Dollar Volume (PDV) rose year-on-year (Y/Y) by 11.0% on a local currency basis in the first quarter (Q1/14) to US$212 billion. The average purchase ticket in MC Europe region has declined 6.7% Y/Y. One-year ago it stood at US$70.01, compared to US$68.05 in Q4/13 and US$65.29 in Q1/14, according to CardData. MC has 334 million cards-in-force (CIF) currently in the European region, compared to 283 million in Q1/13. The total number of accounts rose to 317 million in Q1/14, compared to 267 million for Q1/13.
Zapp mobile payment announced it’s next round of network payment partners that are committing to support Zapp’s rollout into the market. Secure Trading, TrustPay Global and Checkout.com – some of the most innovative payment service providers – will all work to support Zapp and it’s innovative, low friction, secure and mobile enabled checkout.Getting more customers through the checkout process securely is crucial to retail success. Research has shown that there are billions of abandoned check outs in the UK and the payment landscape is becoming increasingly confusing. Zapp will allow people to make real-time payments from their mobile, unlocking the money in their current account in a much simpler and more secure way.
Optimal Payments has become the official sponsor of Crystal Palace Football Club for the 2014-15 and 2015-16 seasons. Optimal Payments will use the platform to raise the global awareness of its award-winning NETELLER service and Net+® Card stored-value offering which will be displayed on the front of the team’s shirts from the start of the 2014/15 English Premier League season. NETELLER will be the First Premier League sponsor within the online payments space and will provide the brand the right synergy to achieve NETELLER’S marketing and commercial objectives quickly and cost effectively. Specifically, it will support customer and merchant objectives delivering rapid multi-market brand awareness, big brand credibility and driving sign up and conversion rates in NETELLER’s key growth markets – including Asia; Africa and the America’s.
Ingenico is sponsoring Seedstars World, a global competition designed to recognize and support innovative startups in emerging markets. Following the opening of its regional headquarters in Casablanca in May, this sponsorship demonstrates Ingenico Group’s continuing commitment to deepen its presence in Africa.Ingenico Group sponsored Seedstars World competitions in Casablanca (Morocco), Accra (Ghana), Lagos (Nigeria) and Nairobi (Kenya) between May and July. Winners of the Ingenico-sponsored events included creators of an e-learning platform in Morocco, a bitcoins-based payment system in Ghana.
NCR Corporation announced it will be moving to a new state-of-the-art manufacturing facility. The new facility, which is more than double the size of the company’s existing facility, is built over an 117,000 square-foot area, and is under a new single roof design structure that will allow NCR to improve operational efficiency. This facility is strategically located and is in close proximity to suppliers, customers as well as robust transportation like ports and airports that will help to improve operational efficiency and enable faster delivery of innovative products to the market. NCR will continue to manufacture financial solutions such as ATMs, while also expanding to manufacture innovative consumer transaction technologies for the retail and hospitality industries. The new facility is expected to participate in lean manufacturing practices and comply with NCR global standards related to Environmental, Health and Safety (EHS), and quality. In addition, the facility is expected to participate in IGBC (LEED) Silver certification for building sustainability and Tier 1 certification on Resilient IT Infrastructure.
Link ATM Network announced The Change Group International Plc joined its Scheme. ChangeGroup is launching a sterling and currency dispensing ATM this year, for which LINK will vastly broaden the market. LINK has a strong track record in innovation and welcomes ChangeGroup and its multicurrency ATMs into the LINK Scheme.