GE Capital Retail Bank and the Thomas Kinkade inked a multi-year agreement to provide a private label credit card program for consumers, for which GE Capital will manage the relationship and account service. The consumer financing program is available at more than 350 participating Thomas Kinkade authorized galleries and approved dealers, offering competitive rates and promotions, including deferred interest payment options on purchases of the artist’s limited edition artwork, open edition pieces and licensed products such as collectibles, home décor and furnishings. GE Capital’s Retail Finance business has provided billions of dollars in consumer financing through major retailers and more than 200,000 small- and mid-sized businesses throughout the United States.
Fiserv financial services technology solutions has integrated its “Popmoney” P2P payments service on the “Mobiliti” mbanking and payments platform. This allows P2P payments initiated directly from a user’s mobile banking account, enhancing the functionality of mobile banking by enabling consumers to pay people they know or owe using their email address or mobile phone number. Consumers can also manage incoming payments and review their transaction history. Popmoney is now readily available within the Mobiliti mobile banking user interface, making it easy for users to manage their mobile banking and payments activity from a central hub. With mobile banking adoption surging and consumers beginning to utilize the service in more sophisticated ways, it has become increasingly important for financial institutions to deliver a unified set of mobile banking and payments options. The Popmoney service is integrated into the CheckFree® RXP® electronic billing and payment solution and the Corillian Online® and Virtual Branch® online banking solutions from Fiserv and is available as a standalone service.
PayOne mobile payments and carrier billing filed a patent infringement lawsuit against The Home Depot, Inc. in the Northern District of California. The suit asserts The Home Depot retail store deployment and use of PayPal’s in-store checkout infringes on multiple PayOne patents including the use of a mobile phone number and a PIN (personal identification number) to complete the checkout process and payment at point of sale. The complaint seeks unspecified damages and a court-ordered injunction against future infringement by The Home Depot. The asserted PayOne patents include United States Patent No. 7,848,500, entitled “Method And Apparatus To Validate A Subscriber Line”; and United States Patent No. 7,848,504, entitled “Method And Apparatus To Validate A Subscriber Line.”
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Discover U.S. Spending Monitor catapulted 3 points from 90.8 to 93.8 in February, as consumers spending intentions remain strong and plan to increase spending on gas and groceries and home improvement. Looking at the numbers, consumers projecting to spend the same amount of money next month increased 4% next month…
Gemalto digital security, and SIA, a major international payments processor for banks, corporate and Public Administration bodies, are joining forces to support rapid deployment of NFC services. Gemalto and SIA team up for the first national TSM infrastructure that can be utilized by all of the market’s key stakeholders, accessible to the country’s largest mobile network operators and leading banks. SIA has already secured the support of primary Italian telecom operators and banks to provide NFC services through its central hub that enables contactless payment transactions. It will offer the benefits of the Allynis Trusted Service Management for Service Providers platform operated by Gemalto’s European secure data center, which is certified by Visa and MasterCard. Up to 200,000 contactless payment terminals will be deployed in Italy by the end of 2013.
Bluefin Payment launched its “PayConex Payment Gateway” and “CardConex Management System.” The solutions with integrated software vendors (ISVs) provides services to SaaS providers and major merchants in the insurance, health/fitness, faith-based, medical, legal, non-profit and transportation industries. The company has continuously provided debit, credit and ACH solutions for the last several years, but decided to brand their payment gateway as more payment and security features were added over the past 10 months. In 2Q/13, merchants will also have the ability to take mobile payments through Bluefin’s custom interface. The “CardConex” platform offers a Partner Portal and dashboard for resellers managing and submitting merchant applications through “PayConex.”
Alaric fraud prevention and payments solutions partnered Mistral Mobile to enable financial institutions around the world to offer customers full financial services through mobile phones. This will use Mistral Mobile’s Money Mobility Suite for the interface with the mobile devices, supported by Alaric’s Authentic solution for transaction processing. The service can be used by any customer with any mobile phone. The partnership lets users update and add new features completely remotely and automatically, with no need for customer involvement in application updates. The system can connect to banks, card schemes and other payment schemes, and has the flexibility to be integrated into the wider banking system. The mobile solution will also integrate with Alaric’s Fractals fraud prevention technology, giving financial institutions the ability to detect and prevent merchant or micro-agent fraud.
TransCard prepaid products to financial institutions announced its new Traveler Prepaid Card. This card protects customers’ bank balances and credit lines if the card is ever lost or stolen. Financial institution customers can move money for their travels onto the Traveler Prepaid Card and leave their debit card and credit cards at home. With mobile account access for both Apple and Android users, tracking spending and balances on the Traveler Prepaid Card while on the road is easy and convenient.
TSYS has been recognized by the Ethisphere Institute as one of the 2013 World’s Most Ethical Companies for the second year in a row. Ethisphere reviewed nominations from companies in more than 100 countries and 36 industries for the award. The methodology for the World’s Most Ethical Companies includes reviewing codes of ethics, litigation and regulatory infraction histories; evaluating the investment in innovation and sustainable business practices; looking at activities designed to improve corporate citizenship; and studying nominations from senior executives, industry peers, suppliers and customers.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] For its 3 months ended January 31, 2013, VeriFone Systems secure electronic payment solutions posted revenues of $430 million, compared to $425 million a year ago for a 1% increase. Meanwhile, net revenues were $429 million, compared to $420 million a year ago, a 2% increase. With North America GAAP net…
Spire Payments acquired Thyron Payments Systems mobile payments to become the third largest Chip and PIN / PCI SRED MPOS solution. As a wholly owned Spire subsidiary, Thyron is pivotal to the Company’s mobile payment technology strategy. Thyron’s “PosMat Smart” provides the only MPOS solution for the micro merchant truly deployed in the field and compliant with latest Visa recommendation for Mobile Payment applications. The device enables small enterprises such as plumbers, builders, gardeners and mechanics to accept card payments by integrating easily with Smartphones and tablets and is secure due to the PosMate’s® PCI and EMV certification.
Diebold launched its “Diebold 429” intelligent-powered ATM, designed to meet the increasing demand for self-service terminals. Built with a unique intelligent power management system, it automatically switches between three possible power sources (solar panel, alternating current (AC) grid and internal battery), maximizing terminal uptime, lowering total cost of ownership and delivering unprecedented convenience to consumers. Highly efficient, consuming approximately 40 percent less energy than the previous generation of cash dispensers, the self-service terminal has an integrated four-hour battery backup for enhanced ATM reliability. The Diebold 429 offers superior transaction opportunities, equipped with an optional single-note acceptor (SNA) that enables small-volume currency deposits and bill payments at the ATM, improving speed and convenience for the consumers.