Trak won the top award of $10,000 at Electronic Transaction Association (ETA) Conference 2013 annual meeting and expo that took place in New Orleans on April 30 to May 2, 2013. The ETA, which is the trade association of the global electronics payments industry, oversaw the E-Pay Innovation Award funded by the Bill and Melinda Gates Foundation. Boleto is a unique barcode payment ticket that contains the customer’s unique purchase data and Trak’s bank information. Boleto is emailed to the buyer’s smartphone instantly, after checkout. Consumers can go with the printed Boleto ticket or equivalent proof of the email to any Brazilian bank, selected post offices, lottery agents, as well as some supermarkets for cash payments. Electronic verification is sent to Trak by the payment provider and the customer’s order is released by the retail store for pick-up or delivery.
Earthport cross-border payments partnered Viamericas remittance payments to support its strategic growth outside the Americas, by which Viamericas will leverage Earthport’s global cross-border payment capabilities. Now Viamericas to expand its customer base internationally and provide more efficient, predictable and cost-effective direct-to-bank remittance transfers. As a company with an established service for the Latin American market, Viamericas was ranked by the Inter-American Dialogue as the first place remittance provider for the region in their 2012 Remittance Scorecard report. With remittance flows to the developing world expected to grow by 7.9% this year and reach a 10.7% increase by 2015, Viamericas needed a partner that could enable it to capture a bigger share of this growing market.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data electronic commerce and payment processing released its “SpendTrend” analysis for April 2-29, 2013, compared to April 3-30, 2012, tracking same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations. Year-over-year dollar volume growth increased 5.1% in April, a slowdown from…
Western Union global payments has won three separate awards for its stored-value programs. They include a PayBefore Europe Best-in-Category Award for “Best Prepaid Incentive, Reward, Rebate or Loyalty Card Program” for the Western Union MyWU Prepaid Card; The PayBefore Award for “Best Network-Branded Gift Card,” a nod to the company’s unique “Gift and Greeting Card” program in the U.S.; and the Banking & Payments Asia Trailblazer Award for “Product Excellence in Prepaid Payment” for the introduction of general-purpose reloadable (GPR) accounts in the Philippines and India. The platform enables the company to introduce new stored-value solutions in markets around the world by joining forces with local companies.
SunGard launched its IntelliMatch Operational Control solution for ATM & Card Reconciliation. This helps financial institutions achieve smarter operational efficiency by streamlining their ATM and Card reconciliation processes to help minimize costs and reduce risk. SunGard’s IntelliMatch Operational Control helps financial institutions deploy enterprise matching and reconciliation solutions. This helps with agile business growth through rapid on-boarding of new reconciliations, consolidation of infrastructure and processes for a lower total cost of ownership, and optimization of processes for greater business efficiency.
The Electronic Transactions Association (ETA), the trade association for the global electronic payments industry, and SCIL-EMV Academy, America’s EMV Training Experts, announced a new EMV and mobile payments training and education initiative. Designed exclusively for ETA Members, the program provides technical and business information and training to help the U.S. payments industry migrate to the new EMV chip based credit and debit cards. Initially, SCIL-EMV Academy will deliver five core workshops. EMV courses will be arranged privately onsite, online, and at SCIL-EMV Academy public workshops across the USA. The first EMV workshops will be administered in May, and will be available on ETA and SCIL-EMV Academy websites. For more information, ETA members should contact Stewart Chalmers at email@example.com or by telephone at 818-681-3588.
FIS will be showcasing its Mobile Wallet with Cardless Cash Access at FinovateSpring 2013. A white-labeled, cloud-based mobile payment and offer redemption solution that allows financial institutions to fully brand and manage the customer experience, while offering consumers convenience and best-in-class security. The FIS Mobile Wallet enables the issuer to facilitate mobile commerce, maintain control of customer and transaction data and, most importantly, keep an institution’s brand at the center of the customer experience. Consumers benefit from the convenient and easy-to-use mobile solution as well as financially from coupons, loyalty programs and merchant-funded rewards.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies cashless payment solutions posted its fiscal third quarter results with a 19% increase in total revenues to $9 million, including 26% increase in license and transaction fee revenues (“recurring revenues”) to $7.6 million, which represented 84% of total revenues for the quarter. Also, USA Technologies reported a 32% increase…
NCR Corporation announced as part of the regional realignment of its management team, Navroze Dastur has been promoted to be the new managing director for NCR India, reporting to Jaivinder Gill who will now assume the role of Vice President – South Asia Pacific for Financial business. Navroze has been with NCR for the past seven years as the senior general manager for strategic alliance and payment solutions responsible for charting the company’s overall growth strategy for the payments business and partner alliances.
Valitor introduced new software for contactless payment and smartphone mobile payments in cooperation with Point electronic payment solutions. The new software allows merchants to accept payments via contactless Visa cards and also via smartphones where the credit card functionality has been implemented on the SIM card. This software is the first one in Iceland to offer this kind of technical innovation, and has been certified by VISA Europe and approved by the Visa PayWave standards. All acquirers and service providers that use the merchant POS terminals VeriFone Vx820 and Vx680 from Point can update the POS terminals with this software.
FIS has been selected by Sainsbury’s Bank as the bank’s technology partner for all its retail banking operations as part of a new strategic multi-year arrangement. With this, FIS will provide real-time core banking and back-office processing support via an outsourced model on behalf of the Bank. FIS will also deliver transition support as the bank moves its back-office services from Lloyds Banking Group to FIS. FIS’ integrated solutions will support the bank’s deposit, savings, loan and credit cards accounts, and deliver seamless channel integration to enable customers to access their accounts through telephone, internet and mobile devices. The entire operation will be hosted and run by FIS in the UK.
NWP Services Corporation (NWP) utility cost recovery and management solutions has been validated as compliant with PCI DSS as a Level 1 service provider for the fourth consecutive year through Trustwave. Trustwave is provider of PCI DSS compliance management solutions. Moreover, NWP has enrolled in Trustwave’s on-demand compliance management solution, TrustKeeper, to maintain compliance with the PCI DSS and access the necessary tools to support on-going compliance such as external vulnerability scans.