Spindle mobile payments solutions reached an agreement with TruEffect First-Party display advertising technology, integrating its “MeNetwork” mobile marketing platform to TruEffect’s display advertising services. TruEffect will be able to use the Spindle “MeNetwork” platform to deliver location- and time-relevant offers from major retailers and restaurants to consumers through their mobile devices. Subsequently, TruEffect will utilize its sales force and customer relationships in an effort to increase the volume of merchants on the “MeNetwork” platform, which will in turn leverage TruEffect’s First-Party display advertising platform to acquire customers. TruEffect’s technology is designed to enable more efficient delivery of web-based marketing programs, and give advertisers and agencies greater visibility into the effectiveness of campaigns.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Discover U.S. Spending Monitor was flat in March, dropping just one half point to 93.3, as consumer confidence in the economy and personal finances slightly declined. The decline in economic and financial confidence was largely driven by consumers ages 18 to 39 and those making under $75,000. However, plans to…
NCR Corporation global technology company introduced its contactless ATM environments. Working with MasterCard and ING Bank to bring the new technology to customers in Poland, this pilot program was launched in November, allowing ING customers in Poland to quickly and easily withdraw cash from an ATM without needing to insert their card. Financial institutions and retailers are looking for a variety of methods to deliver flexible payment options for their customers. Beyond NFC-enabled devices, NCR has implemented or introduced proof of concepts using contactless cards, 2D barcode transactions, and one-time PINs for ATM transactions alone. The contactless-card enabled machines permit ING customers with VISA and MasterCard debit contactless cards to initiate fast cash withdrawals by holding their card near the ATM reader. Upon a confirmation of their PIN code, customers will have the choice of a cash dispense in common “fast cash” values.
Ukash announced its Cash Withdrawals cash access service offering. Offering consumers a convenient was to access cash at ATMs without a credit or debit card. In partnership with PayPoint, Ukash allows consumers to spend cash securely online, removing the need to reveal personal financial information. Ukash codes are purchased with cash in retail outlets such as shops and petrol stations. The unique 19 digit codes can then be used to pay directly on thousands of websites that accept Ukash transactions worldwide. Established in 2001, Ukash has grown to more than 460,000 physical points of purchase, including 50,000 in the UK, and is available in more than 50 countries around the world.
Global Payments strengthened its payment offerings in the UK following the latest roll-out of Intuit Pay integrated m-payment solution. The addition of Intuit to the marketplace is a significant step toward the more widespread adoption of mobile payments among small businesses in the UK. It is fully chip and PIN compliant and allows small businesses and individuals to accept card payments with their mobile phone, using a dedicated reader and downloadable app. Intuit Pay was recently featured as iTunes Editor’s Choice App of the Week and reached number six in the iTunes Business App Store.
Helixion NFC mobile payment launched its lok-MPL mobile payments platform, a complete multi-scheme application platform for mobile NFC payments. The lok-MPL platform is the first to enable the creation of mobile payment applications that operate across any digital wallet, any payment scheme, any phone and any secure element. The lok-MPL platform is backed by comprehensive consultancy and support services to ensure banks, mobile network providers and third party solutions providers can maximise their investment in NFC mobile payment applications. After extensive testing and piloting with major European banks and network operators, there will be a series of commercial roll-outs of lok-MPL based mobile payment applications throughout 2013.
First Tech Federal Credit Union launched its new Windows Phone mobile banking app, making it the first credit union in the United States to introduce a native Windows Phone mobile banking app complete with integrated mobile deposit and bill pay functionality. First Tech members can now bank from their Windows Phone, iPhone or Android smart phone anytime, anywhere. App features include access to First Tech accounts anytime, anywhere; making deposits with mobile e-deposit; paying bills; transfer funds and finding a First Tech branch. First Tech will launch its new Windows phone app on-site at the main Microsoft campus, giving employees of Microsoft an in-depth look at this new platform.
Bank of America announced that Adriana Kong Romero has been named market president for Tucson and Southern Arizona. To serve as the enterprise leader in the region, she will work with company leaders to help deliver a wide range of global financial services to more individuals and businesses locally as well as deepen relationships with existing customers. She will also oversee corporate social responsibility activities including philanthropic giving, community development lending and investing, environmental initiatives, diversity efforts, arts and culture projects, and employee volunteerism. Romero is also a senior client manager for Bank of America Merrill Lynch’s Business Banking Group in Tucson and Southern Arizona, which provides strategic, integrated financial advice and solutions to small and mid-sized businesses. She has also worked on growing and expanding the healthcare industry focus for Arizona and the Business Banking Central Region. She is a graduate of the University of Arizona with a B.S. in finance and holds an M.S. in organizational management from University of Phoenix.
Tsys (TSS) inked a long-term renewal agreement with Columbia State Bank. Through this, Tsys’ “Merchant Services” segment will provide full-service payment processing solutions and tools to support the bank and its clients. The bank relies on the products and services TSYS provides. The terms of the agreement were not disclosed.
Fiserv financial services technology launched its mobile loading capability for prepaid cards. Allowing cardholders to safely load immediate, guaranteed funds from a personal or business check using a smartphone’s camera, “Prepaid Source Capture” is made available on the Fiserv “Mobile Source Capture.” This provides prepaid processors the ability to guarantee a check before it is accepted and offer their cardholders a mobile service to increases card load volumes and customer retention. Consumers can make a deposit by downloading their prepaid processor’s app and taking a picture of the front and back of a paper check with a smartphone. They can then securely load the check deposit electronically to a prepaid card – without visiting a bank or ATM. This ultimately reduces risk for prepaid processors by providing real-time verification and instant funding for the consumer. The same report shows growing demand for prepaid cards, especially among unbanked households, which saw usage jump 50 percent in three years.
The Glory Group of Japan is now among the largest international cash management solutions providers, with more than 2,500 direct employees and a distribution network spanning more than 100 countries globally. With this, the total global business now has more than 9,000 employees and revenues exceeding $.1.5 billion per annum. The Glory Group Solutions is the combination of engineering and consultative experience from both legacy companies, enabling delivery of truly innovative, personalised solutions for clients. Glory and Talaris international distribution partners continue to be partners of the new Glory Global Solutions.
Alibaba Group e-Commerce and MasterCard have signed a Memorandum of Understanding (MOU) to explore future collaboration in the area of e-Commerce. With the intention to forge joint efforts to establish an enhanced e-Commerce environment to benefit consumers and small businesses within and outside China, the two parties have also agreed to jointly address a strong mutual commitment to help combat intellectual property infringement. Both companies believe that innovation and collaboration are the drivers of development in e-Commerce, and are committed to fostering an enhanced e-Commerce environment that provides a safe and efficient payment experience for users of Alibaba Group’s platforms such as AliExpress and its affiliate Alipay.