San Francisco-based Square has unleashed Square Invoices to help sellers get paid fast with free unlimited invoices and no monthly service fee. Now sellers can accept payments in person, online in Square Market, and through Square Invoices for the same low 2.75% transaction price. Sellers can track all sales from their Square Dashboard, making it easy to manage all of their business operations from one place.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] VeriFone Systems secure electronic payment solutions announced for the three months ended April 30, 2014 net revenue of $467 million, up 9% from the year ago figure of $430 million. The second quarter financial results exceeded Verifone guidance. This comes as VeriFone approved restructuring plans in order to support its transformation…
Following a successful entry into the Nigerian market with contactless mobile payments, Bangalore based iKaaz is now ready to offer its popular NFC and bluetooth powered cloud based payments platform to consumers in Kenya. Announcing a strategic alliance with Family Bank, one of Kenya’s leading banks, iKaaz along with its local partner EDGE financial systems will bring the revolutionary Tap & Pay solution to Family Bank’s customers. Family Bank customers can now expect to move faster through checkout at retail stores as well as be able to use the same payment tags to pay at transportation check points.
FIS banking and payments technology, its NYCE® Payments Network and MasterCard announced a licensing agreement that will make MasterCard’s EMV debit solution available to all NYCE participants. EMV chip card adoption is a common goal of the U.S. payments industry, designed to increase card transaction security and decrease card-based fraud. This agreement provides all NYCE Network participants with an EMV license with respect to MasterCard products and continues the advancement toward a secure payment environment. This agreement permits FIS to offer a MasterCard-NYCE solution to all NYCE participants, bringing full EMV deployment across the U.S. another step closer.
PayCube has been building core payment processing platforms for the retail-payments community and participated in various custom software development projects for its customers beyond traditional core payment backend systems. PayCube has participated in the design, development and support of mobile payments by extending core enterprise payment, loyalty and promotion stacks to the mobile channel. PayCube has built cross platform apps using frameworks such as PhoneGap, Sencha Touch, JQuery mobile, jQT etc. that are based on HTML5 user interface systems for mobile payments development for its customers. Projects include extending core gateway and card acquiring / processing capability on mobile phones (Android, Apple and Windows) and cross linking loyalty and real-time promotions and couponing capabilities. Some of the feature sets supported by the apps developed by PayCube include LBS (Location based services), user credentials wrapped as QR code, integration with encrypted card readers using audio jack, communicating with 3rd party integrated POS systems like MICROS.
Bank of America Merchant Services, the No. 1-rated electronic payments processor in the United States1, announced today the creation of the company’s new Canadian merchant services operation. Based in Toronto, the organization will provide a full suite of products and services – ranging from payments and commerce to security and advice — to both existing domestic U.S. customers currently doing business in Canada, and new Canadian market customers. The new Canadian subsidiary already has relationships with all major Canadian credit and debit card processing networks.
MasterCard and Lembaga Tabung Haji today unveiled the innovative Tabung Haji Debit-i MasterCard that will allow Malaysian Muslims to use it not only for their pilgrimage in Makkah and Madinah but also for everyday convenience. The launch of the Shariah-compliant card was proudly officiated by the Prime Minister, YAB Dato’ Sri Mohd Najib Tun Razak.
American Express this morning announced it will add free personal financial management tools to American Express Serve1 and Bluebird starting this summer. These tools help customers monitor their spending by automatically sorting transactions into categories such as bills, food, fun, shopping and transportation so they can easily track where their money is going. When customers log in to their Serve and Bluebird accounts, they will also be able to create budgets, set spending limits and alerts, as well as set and track financial goals.
The value of global payments via mobile devices is expected to reach around $507 billion this year, a rise of nearly 40% year-on-year. A recent report from Hampshire-based Juniper Research says the opportunity for contactless mobile payments has been bolstered by contactless infrastructure deployments, with the majority of POS (Point of Sale) terminals now shipping with contactless.
Multos International announces that Total System Services de México (TSYS), one of the largest financial services provider for credit/debit card issuers, will use its MULTOS chip card technology solutions in their latest EMV services offering to support banks and financial institutions. The new product launch includes support for a full range of technology options from SDA to DDA/CDA and dual interface, utilising MULTOS technology with payment applications from Multos International, approved by the major payment brands. TSYS solutions simplify the entire process for their issuer customers providing them guidance along the full cycle from product planning to final production.
NCR Corporation announced Cumberland Building Society has deployed its Paym mobile payment service using Authentic and Fractals software from Alaric. The deployment is an extension to the existing relationship between NCR and Cumberland Building Society where Alaric’s flexible and highly configurable Authentic and Fractals solutions are already used to process and protect payment transactions. This includes Cumberland Building Society’s ATMs, internet banking and now mobile payment channels, as well as when Cumberland Building Society customers use the LINK ATM network or use their Visa debit cards. The Paym service allows consumers to make secure, convenient payments to account holders of other participating banks or building societies using only the recipient’s mobile phone number. No need to know, or remember, sort codes or account numbers. The Fractals intelligent fraud detection and prevention solution delivers value to issuers, acquirers, processors, networks, PSPs, ISOs and merchants, for all product types, including credit, debit, prepaid or gift cards.
Ingenico unveiled its new brand platform and new visual identity, reflecting the evolution of its business and a transition beyond payment terminals. The Ingenico group has structured its offering around three brands operating internationally: Ingenico Smart Terminals, Ingenico Payment Services and Ingenico Mobile Solutions, and also involves Ogone. Through Ingenico Payment Services, Ogone will now be able to cover the whole payment value chain on all sales channels: online payment services, multi-channel payment solutions, transaction management and marketing services (loyalty, etc.). This will also enable Ogone to accelerate the geographical expansion of its online payment business where the company established itself as the European leader from its inception in 1996.