Balanced Processing has always supported payments from major credit/debit cards and now supports payment through consumer bank accounts. “Balanced Bank Payments” offers developers a white-label, RESTful API for bank account payments. Buyers don’t need to be redirected away from merchant website/app and won’t be required to create a Balanced account to pay with their bank account. Also added are bank account verification helpers to our API. This on-site, white-label ACH/bank payments API uses the ACH network to debit a buyer’s bank account.
Plastiq online payments solution provider has closed a $6M round of Series A financing, jointly led by venture capital firms Atlas Venture and Flybridge Capital Partners. Investors from the previous round, NextView Ventures and Greenoaks Capital Management LLC, also participated alongside angel investors including Harvey Golub, former Chairman and CEO of American Express. The Plastiq online platform allows consumers to use their credit cards for payments in situations when they previously could not. Plastiq charges consumers a nominal fee for each transaction, historically charged to the merchant, for the added flexibility to strategically use their preferred credit cards. The Plastiq platform allows consumers and merchants to transact from anywhere in the world at any time from any internet-enabled device.
Over the past 4 months, LevelUp doubled its users to hit the 1 million user mark. In doing so, LevelUp implemented migration tools allowing merchants to transition their loyalty card programs over to LevelUp without losing any data. As more and more merchants ditch their plastic loyalty cards for LevelUp, their customers are eased into the mobile payment revolution. Also, when LevelUp users discover an offer on the LevelUp app, they can share it to Facebook for all their friends to claim seamlessly. Additionally, merchants are jumping on board with LevelUp White-Label, because it’s the first payment offering ever to give merchants a fully branded mobile payment app, along with the user scale and technology behind LevelUp. And again, as bigger merchants jump on board with LevelUp, so do their customers.
eProcessing Network announced its “ePNBillPay” online Bill Pay Solution is fully integrated with ePN Level III enhanced data processing. This allows merchants who want to expand their customer base to include large corporations (B2B) and Government entities (B2G to include Level III information as part of their invoicing and purchase order processes and qualify for some of the lowest interchange rates available. The Level III processing allows detailed transaction data passed through its Web Order Template for Level III processing and track Level III transactions. When a transaction is routed through any of the processing platforms compatible with the ePN Secure Payment Gateway, the system validates the pre-populated fields to determine Level III status.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] While some card issuers are offering special cardholder price discounting – no fees, low interest and balance transfers to raid competitors – none of these are really new initiatives. Given the lowering of outstanding card loans which many have suffered, we are surprised only that these strategies weren’t implemented far earlier.…
The Co-operative Group is extending its contactless payment technology to almost 2,000 food stores, which allow customers to pay for goods worth GBP20 or less with a simple tap, will go live in 1,800 food stores nationwide. The Group installed contactless payment terminals in almost 170 food stores within the M25 and in Manchester city centre in time for last year’s Olympics, and has already got contactless payment facilities across its Pharmacy branch network. The Co-operative Bank has also commenced its roll-out of contactless debit and credit cards with around 700,000 cards issued to date. Contactless payment technology currently allows customers to make purchases without the need to enter a PIN number or insert their card into a payment terminal, which speeds up the paying process.
Equens processed its billionth Sepa transaction last week since the launch of the Sepa Credit Transfer (SCT) scheme in January 2008 and the introduction of Sepa Direct Debit (SDD) in November 2009. Equens’ systems has taken five years to reach the mark of 1 billion SEPA transactions, as many market participants have not yet prepared themselves for the SEPA migration. This despite the fact that the vast majority of the European payments market still needs to actually migrate. In 2012 SEPA payments accounted for only 4.3% (446 million out of 10.4 billion) of all payments processed by Equens. Equens processes SEPA transactions for banks and between clearing & settlement parties from sixteen countries, with Belgium, Finland and Germany delivering the highest volumes.
NCR Corporation is set to provide retail technology and services to the 154-store Modell’s Sporting Goods chain by 2Q/13. Modell’s will deploy 1,000 “RealPOS 82XRT” POS terminals and implement NCR services and support over a multi-year period, NCR’s first engagement with the Company. Selected to support Modell’s chain-wide strategy to enhance customer service and loyalty by offering a faster check-out experience along with content and offers at the POS, “RealPOS” terminals support high definition video and graphics on customer-facing displays, increasing the effectiveness of all loyalty program promotions and offers.
Discover Financial Services launched its Discover “Cashback Checking” direct banking product. Featuring credit cards, home loans, student loans, personal loans, CDs, money market accounts and savings accounts, “Cashback Checking” accounts pay customers 10 cents for every debit card purchase, Online Bill Payment and check they write, automatically added to the account holder’s Discover card Cashback Bonus balance. With no monthly fees, no minimum balances, free checks and replacement cards; an app that lets customers easily bank on the go with mobile check deposit, mobile bill pay and an ATM locator; and $0 fraud liability for unauthorized transactions and bill pay protection, a full suite deployment is projected for 2014.
TIO Networks bill payment processor expanded its services to First Data’s Money Network Prepaid Service to include bill payment as well as the purchase of prepaid telecommunication services. TIO’s platform enables Money Network prepaid account holders to pay their bills online as well as purchase minutes for their prepaid mobile phones. Money Network account holders are able to manage their bills online in one convenient place, viewing their payment history, making one-time payment or scheduling reoccurring payments for thousands of billers.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] ACI Worldwide payment systems posted 4Q/13 sales of $309 million, up $138 million by 81% since the year ago figure, to which S1 contributed $81 million. Historical ACI sales increased $57 million by 33% from the year ago figure of $171 million. Meanwhile, 2012 sales totaled $766 million, up $210 million…
Datacard Group secure ID and card personalization solutions announced the Colombian government is continuing to enhance and expand their passport program with its passport issuance system. In partnership with Identificación Plástica S. A. “an Enterprise Solutions Provider (ESP) for Datacard Group, the combined integrated solution for the Colombian government includes Datacard high throughput passport issuance systems; desktop systems for regional issuance, as well as in-country local services and support provided by Identificación Plástica S. A. The Datacard PB6500 passport issuance system is utilized for the central issuance of the Colombian citizens’ passports. It is an automated, inline high-volume passport production system offering a flexible, modular design.