MyCheck checkout app that allows you to view your bill live and pay for your check straight from your smartphone announced Version 3.0. Bringing a fresh new layout and interface to the application, users can now log-in to Facebook Connect; take a snapshot of a credit card and automatically populate their account information; log-in to PayPal via MyCheck for an additional payment option; and split the check evenly by percentage, by item, or evenly; and much more. MyCheck is PCI compliant, meeting the industry’s highest standards for protection of consumer information, and integrates seamlessly with Point of Sale systems. No special hardware is required.
TSYS announced an agreement with Discover to process PayPal payment transactions within the contiguous United States. In August 2012, PayPal entered into a service provider relationship with Discover under which PayPal obtains access to participating merchants’ brick and mortar locations through Discover’s technological infrastructure. PayPal offers consumers several advantages, one of which is that PayPal can serve as a single source to access customers’ credit or debit cards, bank accounts, PayPal balances, or Bill Me Later payment methods all stored in their PayPal accounts at a point-of-sale terminal.
Amazon introduced the Mobile Associates API for Kindle Fire and other Android devices, enabling developers to merchandise millions of physical and digital items from Amazon.com within their apps and games. When using the new API, developers earn up to 6% on qualifying in-app customer purchases while providing customers an opportunity to easily buy and receive goods through Amazon’s secure 1-Click purchase experience and Amazon Prime shipping, where available. Until today, if developers wanted to create additional revenue channels for their apps they could use a “freemium” model with digital in-app purchasing or subscriptions, or by using mobile ads. With the Mobile Associates API, developers now have a new way to monetize their apps and games by offering contextually relevant goods across Amazon’s world class physical fulfillment network. The API can be used in the Amazon Appstore and in Google Play, and developers can learn more about integrating the new Mobile Associates API at: https://developer.amazon.com/blog.
Virtual Piggy will provide its youth-friendly payment system to Mobile Chilli, empowering Mobile Chilli to offer a more secure and complete customer service for their U18 users. Mobile Chilli is a leading and trusted provider of mobile content, offering ringtones from top artists, mobile games, and over six million music tracks for download. They offer scores of excellent content thanks to partnerships with Universal Music, Sony, EMI, Warner Music and game companies. Their service is acclaimed for being fully transparent and having no subscriptions required. Virtual Piggy promotes financial management while empowering youth under 18 to make purchasing, saving and other money management decisions for themselves, within the boundaries setup by parents.
PreCash launched its “Evolve Money” online and mobile app, allowing consumers to pay more than 10,000 bills without needing a bank account, credit, debit or prepaid card. This allows consumers to pay their bill for free or get a same-day, expedited bill payment at little cost. Cash-based consumers now can make fast, affordable bill payments online or from the convenience of a smartphone. The “Evolve Money” app also offers a payment management tool that tracks and keeps a history of all transactions. With this feature, cash paying users can manage their bills and finances with tools often only available to bank and credit card customers. The requisite “REloadit Packs” can be purchased for $3.95, and “Evolve Pay Bucks” for $3.00.
Fiserv announced UMassFive College Federal Credit Union selected the Portico account processing platform and other integrated banking solutions. The credit union has expanded its relationship with Fiserv to offer banking via mobile devices with Mobiliti and Mobiliti: Tablet. In addition to Portico, UMassFive currently utilizes Virtual Branch® for online banking and bill payment, Card Services Debit Processing and Prologue™ General Ledger. The “Portico” provides an advanced technology in a cost-effective ASP environment that’s ideal for a wide range of credit unions. Tight integration between Portico and Mobiliti and Mobiliti: Tablet allows for a compelling interface and experience that helps to drive increased member loyalty across both the mobile and tablet channels.
Jack Henry & Associates’ JHA Payment Processing Solutions (PPS) division launched its expedited EMV implementation process for U.S. chip card issuance. Some chip card implementations may require direct project involvement by card brands. To get in front of any significant scheduling bottlenecks, partners like PPS can now manage installs for Visa issuers. For qualifying processor clients, Visa provides a streamlined EMV implementation path for select chip card profiles. PPS is the first processor to make such a program available to its financial institution clients. To qualify for the streamlined process, a processor must have successfully completed a prior U.S. chip issuance project with Visa as well as meet other eligibility requirements. PPS enables banks and credit unions to consolidate card processing services with a single point of contact for settlements, adjustments, and reconciliations.
MasterCard announced that Raja Rajamannar has been named Chief Marketing Officer (CMO). Here he assumes global responsibility for MasterCard’s advertising, sponsorships, promotions, research, insights, and digital and consumer marketing initiatives. Rajamannar previously served as Executive Vice President and Chief Transformation Officer at WellPoint, Inc, where he led the company’s new strategic direction and transformational agenda, and was responsible for managing its $10 billion Medicare Advantage business. He also managed various functions for the enterprise, including Marketing, Innovation, Corporate Development & Ventures, Consumer Data Analytics, Digital and International Operations.
Fiserv launched its “Mobiliti: Tablet,” a turnkey ASP solution tailored for tablet users. With more than 100 banks and credit unions already committed to deploy the solution, “Mobiliti: Tablet” provides a functional, quick to market tablet banking capability. The downloadable application for iPad(R) and iPad mini provides users with access to their accounts in an interactive, touch-enabled format. Capabilities include bill payments, person-to-person payments, mobile deposit, an ATM and branch locator and built-in calendar and calculator functions. It also integrates with online banking solutions from Fiserv and the Popmoney(R) person-to-person payments solution, providing users with full access to digital banking functionality and social payment transactions. A downloadable application for Android(TM) tablets will be available in 2014.
MasterCard announced the launch of an Advanced Analytics Center of Excellence in India. This new Centre of Excellence will provide world-class data insights to global customers by identifying spending trends derived from the billions of anonymous transactions processed by MasterCard every year, thereby providing a solution for the rapidly growing need of businesses to more effectively leverage big data and analytics. The Advanced Analytics Centre of Excellence has recruited highly qualified analytics talent with payments industry, retail and media experience to provide hands-on support on product development and custom analytics to clients across the world. It is an extension of the MasterCard Advisors’ Advanced Analytics group headquartered in New York that works with financial institutions, merchants, governments and other companies around the world, to more effectively leverage big data and analytics to solve their most pressing business challenges, such as enhancing customer acquisition and loyalty.
NCR is providing retail technology solutions to four major shopping malls in China: Beijing Baishang Life Mall, Chengdu Global Shopping Mall Ocean Amusement Park, Chengde Golden Dragon Royal Shopping Mall and Baoding Ginza Mall. The malls are partnering with NCR to enhance the shopping experience with faster, more personalized check-out experiences. For shop owners, fast, efficient and personalized checkout leads to increased sales opportunities and overall customer satisfaction. The 240 NCR RealPOSTM point-of-sale (POS) terminals were sold through NCR’s major retail distributor in China, Beijing Ankexinchuang Science and Technology Development Co. Ltd Company (“Beijing Ankexinchuang”) and will be installed this year.
With banking industry umbrella body the Payments Council predicting that the number of cash payments made by consumers in the UK will fall by a third by 2022, and that their use of cards to make even small transactions will rise by more than 75 per cent* over the same period, Payment Sense believes that retailers who don’t take such payments are risking missing out on a huge chunk of this rapidly-growing source of income. According to PaymentSense, e-commerce enabler and provider of card processing technology, concludes there’s no reason for businesses of any size to find themselves penalised by not being able to take card payments, either using the widely-known chip-and-PIN machines, or other methods of online payment authentication technology, especially as the technology involved can be quickly installed in any business’s premises, and is purposely designed to make it easier to reduce payment errors and ensure proper reconciliation at the end of every trading period.