Zapp announces a partnership with FEXCO that will make it easier for consumers to make mobile payments at the point of sale within stores. The partnership – one of many that Zapp is establishing with technology providers – means that acquirers will be able to seamlessly support Zapp transactions via FEXCO’s FLASHiZ mobile payment platform on existing Point of Sale hardware. This makes it easier for retailers to integrate mobile payments using both QR codes and NFC so their customers can use their mobiles to pay in shops, online, and pay paper invoices. Research by the Cebr2 predicted that 20 million adults will use their mobiles to pay for goods and services by the end of the decade, with the value of purchases tripling from current levels to £14.2bn in 2018. By 2020, mobile payments will represent 1.4% of total consumer spending.
Xoom digital money transfer provider announced that Banco Popular Dominicano is offering its fast deposit services to the bank’s checking and savings accounts in usually less than 15 minutes. With the addition of Banco Popular Dominicano, Xoom expands its cash pickup network in the Dominican Republic to 576 locations, including Banco BHD, Caribe Express and Banco del Progreso. Xoom and Banco Popular Dominicano also offer Cash Pickup at more than 200 locations across the island. Users can receive their money faster, since they will be able to withdraw the funds from their Banco Popular Dominicano account anytime at more than 700 ATMs across the island.
Wincor Nixdorf is now a GS1 Germany solution provider to take the GS1 standards into account in its software solutions, its ATMs and cash recyclers as well as in the overarching project plan for Managed Services that is still to be adopted. Wincor Nixdorf intends to make a contribution toward evolution of the GS1 standards together with other partners in the market. The group of GS1 Germany solution providers comprises almost 100 companies from the fields of hardware and software, communications, logistics and category management. They provide solutions that enable companies to optimize their interfaces with partners in the value chain.
Onebip by Neomobile mpayments service and SingTel telecommunications announced the launch of Direct Carrier Billing for Onebip merchants. This will allow SingTel subscribers to charge purchases from Onebip merchants directly to their mobile phone bills. Onebip Merchants such as Game Publishers and App Developers, will benefit from a more advanced carrier billing technology, higher pricing flexibility, better commercial conditions, increased conversion rates and ultimately new and increased revenue streams. SingTel and Onebip by Neomobile will also support merchants wishing to enter or develop their presence in the Singaporean market, with local promotion and marketing activity.
Southeast Bitcoin will unveil South Carolina’s first Bitcoin ATM, powered by Robocoin at the Dig South Interactive Technology Festival in Charleston, SC. The machine will be hosted at the College of Charleston TD Arena. Southeast Bitcoin has partnered with Robocoin, whose groundbreaking technology allows customers to buy AND sell Bitcoins from a freestanding kiosk with bank grade hardware and security and 100% regulatory compliance capabilities. The security features include biometric sensors and user identity verification by scanning of a government-issued photo ID.
Sony Network Entertainment International LLC and Sony Computer Entertainment America LLC unveiled a new feature that enables users of participating mobile networks in Canada to top up their account wallet to purchase content from the PlayStation®Store and across Sony Entertainment Network using a mobile phone account.
Sequent Software digital issuance and open wallet platform received approval from Visa for its Trusted Services Manager (TSM) systems. The Sequent platform is commercially available today for banks and mobile phone operators launching new digital issuance and mobile wallet services worldwide. Sequent’s Digital Issuance (SP-TSM) service securely manages and distributes payment credentials to mobile-device users worldwide on behalf of banks, mobile operators, merchants, transit and service providers. The service handles all pre- and post-issuance configuration of handsets, including personalization of NFC secure elements and provisioning of applications “over the air.”
Heartland Payment has acquired MCS Software school foodservice POS back office and online payment solutions. The acquisition of marks the continuing expansion of Heartland’s market-leading position in the growing K-12 school nutrition and POS technology industry. Heartland School Solutions provides industry-leading child nutrition and payment management solutions to public and private schools throughout the country. These include POS terminals, a secure online payment portal, mobile payment capabilities and integrated vending solutions. Heartland School Solutions also provides a number of back office management features, such as online free- and reduced-meal application processing, meal tracking, inventory management and menu planning.
FIS announced a new solution that allows banks and credit unions to compete effectively with alternative financial services. FIS “GenNOW” Financial Services allows financial institutions to capitalize on these customers by providing real-time access to funds via mobile or prepaid cards. The “GenNOW” solution lets financial institutions effectively compete in a disruptive market where their customers are being lured to conduct alternative financial services outside of the traditional banking system. By offering a GenNOW account, financial institutions will be able to capture new revenue and retain customers with state of the art financial services and tools.
Visa announced that Kelly Mahon Tullier will join the company as Executive Vice President and Deputy General Counsel. She joins Visa from PepsiCo, Inc., where she was the Senior Vice President and Deputy General Counsel. Ellen Richey, Chief Legal Officer, Chief Risk Officer, and member of the Executive Committee will continue in those roles through September 30, when she will become Vice Chairman – Risk and Public Policy. The Chief Risk Officer and the Chief Audit Executive will report directly to Ms. Richey. Ms. Richey will also lead a newly created function responsible for Public Policy at Visa, which will include ensuring that Visa continues to drive the future of payment security, being our voice with legislators, regulators and clients globally regarding payment system security, and other similar initiatives combining business and policy issues of strategic importance to Visa. She will also be responsible for coordinating global crisis management at the executive level.
Best Western International today announced that it is streamlining the hotel booking process by working with Google to allow guests to pay for their stay using Google Wallet. The brand will integrate Google Wallet within the Android version of its popular “Best Western To Go®” application and mobile website viewed through a browser on any device, allowing customers to seamlessly complete their reservation through this safe and secure platform. By adopting Google Wallet, Best Western is reducing the amount of steps consumers need to take to complete a mobile reservation.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The most popular payment method based on purchase volume were UnionPay debit cards, which for the first time surpassed Visa credit cards and Visa debit cards. Visa’s market share of 39.22% was down 262 basis points. MasterCard’s share dropped 158 basis points to 26.08%. UnionPay’s share grew by 534 basis points…