[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The unemployment rate declined from 7.0 percent to 6.7% in December, while total nonfarm payroll employment edged up (+74,000). The total number of unemployed persons declined by 490,000 to 10.4 million in December, and the unemployment rate declined by 0.3 percentage point to 6.7%. The number of unemployed persons and the…
Transit Link and MasterCard announced a collaboration that will see the start of MasterCard card payment acceptance for transit services. With this agreement, commuters will now have an additional way to pay for transit top ups, card replacements and other services. The use of card payments – including contactless (MasterCard® PayPass™) – will supplement the range of options currently available to commuters in a sector traditionally dominated by cash-based transactions, and reduce the amount of time spent queuing for and processing payments. With over five million trips made on public transit across the island daily, TransitLink’s Ticket Offices, which are located at select MRT stations, bus interchanges, major bus stops and several key locations, are key points at which many commuters add value to their transit cards. This collaboration augments TransitLink’s current online and mobile payment offerings to provide positive customer experiences and enables both organisations to further explore joint projects in the transit payment arena.
Wincor Nixdorf will present a B2B marketplace for Android-based apps that retailers can use to manage their stores, enhance their sales and payment processes and provide value added services. A multifunctional payment tablet is the enabling technology for this innovative software platform concept. The “Aevi” portfolio – an ecosystem of integrated solution components – represents the culmination of all Wincor Nixdorf’s experience and know-how in the area of cashless payment transaction processing. Wincor Nixdorf established a new business unit, Cashless Payment Solutions, to focus on the needs of the strongly growing cashless payment market. Its Aevi portfolio comprises three solution blocks: Aevi Pay, Aevi Money and Aevi Marketplace.
Pay2Mobile, Cumberland Building Society’s new mobile payments service, now allows the Cumberland’s internet banking customers to send money simply and securely to a friend or relative’s Cumberland current account using just their mobile phone number, without needing to share account details. Customers are able to download the free Pay2Mobile app, available on iOS and Android. The Pay2Mobile app also includes ‘Balance Peek’ which allows customers to check the balances on their Cumberland accounts without having to log on to mobile banking.
2Checkout online payments has launched a program to rescue merchants recently abandoned by WePay. WePay recently announced their decision to retire their hosted checkout option and force customers to adopt their APIs instead. 2Checkout continues to offer merchants a hosted payments solution, and has set up a convenient landing page for former WePay customers to learn more. Hosted checkouts offer an intuitive and agile way for merchants to jump into online retailing without the hassle of formatting pages of website code.
NCR Corporation announcedthat Moneycorp has deployed weatherized NCR SelfServ™ 28 ATMs in city center locations around the U.K. to provide a reliable, secure service for customers. The NCR ATMs are conveniently designed for busy city center locations. Moneycorp worked closely with NCR and NCR partner, ATMRC, to quickly design, test and deploy the ATM solution. This ensured a timely and effective deployment for Moneycorp’s on-street ATMs, helping to future-proof its business and increase profitability.
Fiserv announced today that South Carolina State Federal Credit Union (SCU) has selected an integrated suite of payment solutions including debit and credit card processing, the Accel™ debit payments network, UChoose Rewards® and Risk OfficeSM, to enhance the member experience and improve operational efficiency. SCU has been using DNA from Fiserv since 2006. Fiserv provides comprehensive integrated solutions for credit unions which include account processing, bill pay, online banking and a full suite of credit, debit and prepaid solutions, including a flexible loyalty rewards program and fraud risk solutions for cards. Fiserv also offers card personalization, 24-hour call centers and extensive training, marketing and implementation support.
Visa’s payment card volume in Central Europe, the Middle East and Africa has been slowing down in 2013, from nearly 37% year-on-year growth in Q4/2011 to a mere a 15% in the fourth quarter of this year. Poland and Hungary are holding their own while the Czech Republic is very sluggish. Pakistan’s economic performance is getting a boost by the decision of EU Parliament’s International Trade Committee’s to grant duty-free market access to its exports.
NCR Corporation, the global leader in consumer transaction technologies, announced today that Moneycorp has deployed weatherized NCR SelfServ™ 28 ATMs in city center locations around the U.K. to provide a reliable, secure service for customers. The NCR ATMs are conveniently designed for busy city center locations. Moneycorp worked closely with NCR and NCR partner, ATMRC, to quickly design, test and deploy the ATM solution. This ensured a timely and effective deployment for Moneycorp’s on-street ATMs, helping to future-proof its business and increase profitability. It is designed to be easily deployed and redeployed anywhere”indoors or outdoors”with minimal infrastructure requirements, providing maximum brand exposure, transaction volumes and revenue combined with a low cost of ownership. The SelfServ 28 ATM needs only a power outlet to operate and with a temperature range from -50 to +35 degrees centigrade does not require a structure to protect it from the weather.
Gemalto has supplied its UpTeq Multi-tenant SIM embedded software and product to Kyivstar, the leading Ukranian mobile operator, supporting the country’s first ever contactless payment via a mobile phone. Working in conjunction with Kyivstar, Alfa Bank’s pilot paves the way for a full commercial launch of NFC mobile payments across Ukraine. Kyivstar is the Ukrainian business unit of VimpelCom Ltd, with a total customer base of over 25 million subscribers. The UpTeq SIM design incorporates a unique multi-tenant architecture that facilitates simple and fast on-boarding of new service providers to create a compelling value proposition for mobile operators, banks, transit and loyalty schemes.
ASK SA is proud to announce that the company is now a supplier of M’Dina bus, the official transportation operator for the city of Casablanca, Morocco. ASK has been selected by M2M, to deliver the contactless cards for Casablanca’s new bus network. M’Dina Bus decided to choose ASK to upgrade its system and to offer a more convenient and versatile way of transportation. Based on CD 21 chip, the smart cards have been provided to the users of M’Dina network. Today M’dina bus provides more than 1.5 million of travels a day thanks to its numerous and efficient lines.
The consumer price index (CPI) has declined a record 130 basis points in the fourth quarter this year from 2011, despite persistent unemployment as well as rising fuel and food prices.However, it is up 20 basis points from one-year ago. The Bureau of Labor Statistics says the year-over-year unadjusted CPI came in at 0.96%, which the BLS rounds to 1.0%, down from 1.18% last month. RAM Research predicts the CPI will decline to 1.5% by the end of December.