mopay payment solutions for online merchants announced a revolutionary breakthrough in user convenience. In cooperation with Telefonica and Vodafone, customers are now able to complete Web-based carrier payments with a single confirmation click. An enhanced user profile creates the basis of this new anonymous ID technology, which significantly shortens the payment process and boosts conversion to a new industry benchmark level of 93% and more. Less friction means more user convenience and thus more completed transactions. The consumer receives a PIN via SMS on his mobile phone, which then had to be typed in manually in a subsequent payment window. Although this simple process required no user registration and produced stunning conversion rates, mopay has continuously worked for more than 10 months to improve the user experience even further.
Insperity human resources and business performance solutions launched its “ExpensAble Plus” MasterCard, offering clients front-end spending control through the integration with the Insperity ExpensAble Corporate expense management automation solution. Businesses now have complete control over spending allocations with the ability to reload the Debit MasterCard or rescind unused funds at any time. The product suite includes variations of the card with unique features and functionality, including spending limits, merchant category restrictions and the ability to add additional funds electronically if circumstances change or emergencies arise. The Debit MasterCard also enables a business to easily manage expenditures for events and conferences. It provides a controllable spending mechanism for mobile sales forces as well as for employees or contractors who travel frequently. Furthermore, the debit card allows for higher limits and options for executives who need more flexibility. Transactions made on the card automatically pre-populate into the Insperity ExpensAble software, eliminating the need for employees to re-enter relevant information.
MoneyGram announced a new agreement with the mobile platform company DeviceFidelity to become the exclusive money transfer provider for DeviceFidelity’s award-winning moneto™ mobile financial service offering. The new service is available to moneto users immediately on iPhone and Android platforms. The agreement brings together a leading provider of mobile plug and play solutions and the world’s second largest global money transfer company to give moneto users a fast, convenient, and secure way to send money using a mobile device to any of MoneyGram’s more than 321,000 locations in 198 countries. Consumers simply sign up for a moneto account by downloading the free moneto mobile app from the iPhone App Store or Android’s Google Play. Once registered, users receive a moneto prepaid MasterCard card in the mail, and then have access to the moneto app’s award-winning features.
Misys announced the appointment of Paul Spiteri as the Global Sales Director for its commercial lending portfolio. The new role has been set up to address the increasing need for banks and financial institutions to manage their commercial lending operations more efficiently. Misys has seen a significant increase in the number of customers consolidating loan servicing systems onto a single platform to drive tangible benefits to their business, such as reduced costs and lower operational risks. Misys Loan IQ manages the entire lifecycle of all commercial loans, from multi-party syndications to bi-lateral lending agreements such as commercial real estate finance or asset-based lending.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express reported second-quarter net income of $1.4 billion, up 5% from $1.3 billion a year ago. Diluted earnings per share was $1.27, up 10% from $1.15 a year ago. Second quarter consolidated total revenues net of interest expense rose 4 percent to $8.2 billion, from $8.0 billion a year ago.…
Dunlop Adhesives has revealed why it chose to team up with Greater Manchester-based manufacturer UK Point of Sale when promoting a rebrand earlier this year. When launching new packaging, Dunlop Adhesives sought to develop a suite of point of sale which was specifically tailored to educate shoppers and allow them to navigate the repackaged products as easily and quickly as possible. As part of its rebrand strategy, the firm teamed up with UK Point of Sale to provide high-quality shelf-edge leaflet holders intended to boost cross-selling opportunities and provide consumer education by highlighting the QR codes printed on the new packaging, as well as DL leaflet holders to dispense product selector leaflets and shelf barkers.
Virtual Piggy integrated its youth-friendly payment system to Innovation First International and HEXBUG® Micro Robotic Creatures and VEX Robotics product lines. Innovation First International is a technology and engineering company that has launched several robotics product lines spanning the consumer toy, STEM education, and business-to-business markets. HEXBUG products are available in over 4,000 outlets globally, to which Virtual Piggy is integrated directly into its e-commerce platform to allow direct online and mobile purchases. Virtual Piggy has a standard interface to eBay’s Magento e-commerce platform, which facilitates a simple and rapid integration.
Experts across the retail, restaurant, payments and digital marketing industries will come together at CashStar’s 2013 Retailer Roundtable to discuss the near- and long-term impact mobile technology and the convergence of offers, payments, and loyalty will have on their businesses. More than 20 major brands will attend, along with CashStar partners, including Bridge2 Solutions, First Data Corporation, and RewardsNOW. Discussion will include the transformation of gift cards into mobile, reloadable payment cards that foster increased engagement and spending; the transformation of retailer apps into mobile wallets, driven by consumers’ desire for convenience and smartphone adoption; and the transformation of gift cards – as well as coupons, offers, and loyalty points – into different forms of Branded Currency, and the implications of their convergence on consumer purchase behavior.
Capital Services is announcing a new approach to the payment products portfolio management market, with an innovative set of solutions for financial institutions. Capital Services, which has been providing management services for more than 14 years, primarily to banks owned by its parent company, formally announced that it is now taking its unique offerings to a broader market. Capital Services is leveraging the success it has brought to its parent company’s banks to make its move into the financial institution marketplace. It focuses on asset origination – creating successful payment programs – and then using sophisticated tools to analyze those programs, managing them to maximize a financial institution’s return on assets.
The Electronic Funds Transfer Association has launched “EMV Update,” a source of timely, objective information on the migration of EMV technology to the American electronic payments industry. Currently the U.S. is the only member of the G20 nations where banks that issue credit or debit cards do not use the EMV standard. Large card brands like Visa, American Express and MasterCard have set target dates, some of which have already passed, for the adoption of the standard by different industry segments.
The Electronic Funds Transfer Association has launched “EMV Update,” a source of timely, objective information on the migration of EMV technology to the American electronic payments industry, the group announced. EMV is a security standard designed to increase protection against the theft of payment card identification data. Theft of this data could permit unauthorized access to a cardholder’s funds. Currently the U.S. is the only member of the G20 nations where banks that issue credit or debit cards do not use the EMV standard. Large card brands like Visa, American Express and MasterCard have set target dates, some of which have already passed, for the adoption of the standard by different industry segments.
Chase has customized the popular Chase “My New Home” app for the Apple tablet – and added features to make it even better. This offers the only app on the market that guides users through the home-buying process from start to finish. It allows searching home listings by ZIP code to calculating monthly payments- provide real-time help at each step of the home-buying process. Househunters can record notes, take photos and videos of the houses, calculate payments and access more than 4,000 local Chase mortgage bankers. The videos offer practical advice from both homebuyers and the experts they will meet throughout the home buying-process. Viewers can learn about a wide variety of subjects from key mortgage terms and how to select the right real estate agent to what to expect at closing.