U.S. Bank and Polaris, a leader in the power sports industry, have created the Polaris Visa card where customers can earn points for every dollar spent at Polaris dealerships and for everyday purchases. With the Polaris Visa, cardholders earn points on all of their purchases and can redeem those points for Polaris Cash. For example, for every dollar of net purchases spent on the card at a Polaris dealership, they will earn two points. They also earn two points at gas stations and one point everywhere else. Once a cardholder earns 2,500 points, they can redeem the points for $25 in Polaris Cash, which can only be used at participating Polaris dealerships.
VeriFone Systems and Lenovo partnered to offer a versatile, enterprise-class, mPOS platform. Powered by Windows 8 Pro, it easily integrates with existing retail store systems. VeriFone and Lenovo introduced a versatile, enterprise-class, mobile point of sale (mPOS) platform to meet retail needs for a Windows-based system compatible with existing retail store systems. The platform integrates a ThinkPad(TM) Tablet 2 based on the Intel(R) Atom(TM) Z2760 processor with VeriFone’s secure PAYware Mobile technology designed exclusively for the Lenovo tablet. The mPOS platform integrates a ThinkPad™ Tablet 2 based on the Intel® Atom™ Z2760 processor with VeriFone’s secure PAYware Mobile technology designed exclusively for the Lenovo tablet. The integrated device is based on the Microsoft Windows 8 Pro operating system and will enable retailers to easily transition to a mPOS platform that works with their existing business infrastructure and operations, including multichannel management, store operations, e-commerce, merchandising, financials, and supply chain management.
Barclaycard PayBand contactless payment wristband has been made available to attendees at this July’s Barclaycard presents British Summer Time Hyde Park event. Barclaycard presents British Summer Time Hyde Park will bring together a host of national and international stars in a series of concerts, comedy shows, films, and family entertainment events. Headlining acts include Bon Jovi, Elton John, JLS and The Beach Boys, Lionel Ritchie and Jennifer Lopez, and The Rolling Stones. With the PayBand concertgoers will be able to beat the queues with fast-track entry, keep connected with Facebook updates, and enjoy the convenience of making quick, easy and secure contactless payments for anything £20 and under at the event.
PayLane systematically expands the list of banks in its portfolio. Customers can choose to make a transfer from such banks as Bank Millennium, mBank, Credit Agricole, Alior Bank, MultiBank, PKO BP, Deutsche Bank, Alior Sync, Inteligo, Bank BPH (GE Capital Group), ING, KB Kredyt Bank, BZ WBK, Getin Bank. This now includes Nordea Bank (Pay with Nordea), Idea Bank and postal money order. The large number of banks coupled with other payment methods such as credit and debit cards or PayPal, makes it possible for the e-shop customers to find their favourite way of issuing payments. As PayLane received the status of a Payment Institution in May 2013, it is subjected to the regulations of Polish Financial Supervision Authority. Both the merchants and their customers can be sure the wire transfers are secure.
Visa Europe and WorldPay announced that from late 2013, customers of Dixons Retail will be able to make purchases on the Currys and PC World websites using the V.me by Visa digital wallet. V.me by Visa wallet service developed by Visa Europe will be available in the UK and Spain from the end of 2013. It allows consumers to complete online transactions through the internet browser on a PC, laptop, tablet, or smartphone in a simple and easy manner. Full customer card details are not passed on to the retailer, helping encourage consumers to feel safe when shopping online. In addition to the improved customer journey, the streamlined online checkout experience is also designed to reduce basket abandonment and, in turn, increase sales conversions for merchants.
Wincor Nixdorf UniCredit will be gradually procuring automated teller machines and cash recycling systems from Wincor Nixdorf’s new CINEO generation over the next three years, in a replacement project addressing almost 50 percent of its installed base of self-service systems. Wincor Nixdorf will also be providing services for the bank. All this is the outcome of a 36-month contract that the two companies signed effective March 31, 2013. The first self-service systems have already been ordered and installed and almost 2.000 new CINEO systems are expected to be delivered to UniCredit branches by 2015. Wincor Nixdorf will also be involved in the rollout and implementation of the systems while also providing services to ensure system availability.
American Express Company appointed Jeffrey C. Campbell executive VP and CFO to lead Finance organization and represent American Express to investors, lenders and rating agencies. To sit on the Operating Committee, as well, Campbell joins American Express from McKesson Corporation, where he was executive vice president and chief financial officer of the largest health care services company in the United States. Before joining McKesson, Mr. Campbell served as chief financial officer of AMR Corporation and its subsidiary, American Airlines, where he helped the business successfully navigate significant financial challenges. Prior to this he was a CPA with Deloitte, Haskins and Sells. He is a member of the board of directors of Hexcel Corporation and the San Francisco Chamber of Commerce. He holds an A.B. degree in Economics from Stanford University and an M.B.A. from Harvard University.
ULUL announced Collis Brand Test Tool, developed by UL’s Transaction Security team, has passed qualification by MasterCard for Contactless Network Interface Validation (NIV) testing. To correctly process PayPass™ transactions, acquirers need to validate their network interfaces with MasterCard. NIV testing checks that authorization and clearing interfaces are in accordance with the current MasterCard requirements. NIV Subset 7 ensures that acquirers send correctly formatted PayPass™ M/Chip authorization requests and successfully process the resulting response messages. UL Transaction Security has recently implemented the NIV Subset 7 in the Collis Card Simulator, which is an integral part of Collis Brand Test Tool. This new implementation includes two brand new card simulations related to mobile behavior (MCC_420 and MSI_420) to cover the NIV Subset 7. Now the Collis Brand Test Tool is now fully equipped to support acquirers in the full range of terminal and the network interface validations, as it is now qualified for both contact and contactless NIV testing.
USA Technologies wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries earned the top award for the vending category at the 2013 Connected World Value Chain Awards last week in Santa Clara, California. The Connected World magazine Value Chain Awards honor the most successful corporate adopters of M2M technology and connected devices as well as the solution providers that help make their technology adoption a success. The awards recognize the process of combining multiple technologies, such as device-connectivity hardware, network services, as well as application software and infrastructure, to create a winning solution for the end customer based on quantifiable results. Entries were judged by a panel of industry experts and analysts.
FreedomPay announced that Ben & Jerry’s is deploying the FreedomPay Commerce Platform across their domestic US franchise scoop shop system. The cloud-based FreedomPay Commerce Platform puts Ben & Jerry’s on the fast track of technology innovation. FreedomPay delivers a high-performance, secure user experience driven from the cloud to any device, anytime, anywhere. The platform seamlessly bridges the gap across in-store, web, and mobile by interconnecting POS systems, transaction hosts, incentive engines, and other disparate systems to a cutting edge transaction superhighway. FreedomPay is an early leader in true Point to Point Encryption (P2PE) for MICROS point of sales systems including support for NFC, EMV and magnetic stripe in a single solution.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] When superimposed over one another, unemployment and consumer credit outstanding swells and lulls indicate very positive correlation. With the total outstanding revolving US consumer credit down 2.4% in March to an adjusted $846B, it erased all positive momentum in April, springing to $849.8B. Meanwhile, payroll employment was up 175,000 in May…
Ingenico payment solutions will support, along with Banco Nacional de México, Banamex, one of the leading financial institutions in Mexico, the deployment of the new contactless payment technology. After some months performing on-field tests with different technology providers, Banamex will continue with the massive introduction with the Ingenico countertop iCT220 and iCT250, portable iWL220 and the PIN Pad iPP320. Making this technology available for 30 thousands retailers and customers during 2013, this initiative will allow the retailers from the different productive sectors serving sundry segments of the population to accept over 1.000.000 contactless cards recently issued in the country.