NY-based inLighten’s iGIVE Digital Donation Kiosks are now considered the “Hot Religious Product” of the year. iGIVE enables churches to accept donations via cash, check, credit/debit card and online payment services.
Austin-based Buzz Points has named Dwayne Spradlin as Chief Executive Officer. Since its launch, Buzz Points has expanded to 32 markets in 24 states.
Fiserv launched CardValet mobile card management application allowing financial institutions to improve cardholder engagement and reduce fraud losses. In doing so it allows cardholders to monitor and control how, when and where their cards are used. CardValet from Fiserv is a turnkey mobile application that can be downloaded from the Apple App Store or Google Play Store. Using CardValet, cardholders can turn their card off when their card is not in use, establish spending limits to allow transactions up to a certain dollar value and decline transactions when amounts exceed predefined thresholds. Transactions can be monitored or controlled for specific merchant categories, such as travel, restaurants, or entertainment, and can be denied or reported for specific types of merchants. Alerts can also be established to inform cardholders of specific types of transactions and sent when a card is used, when a transaction is approved and exceeds any of the permitted use policies, or when a card transaction has been attempted.
NY-based ShopKeep has introduced a new iOS mobile reporting application that enables merchants to quickly access their business data in real-time, wherever they are. The cloud-based technology provider has more than 16,000 registers in use by retail shops, restaurants, and other organizations.
After a pilot with Adelman Travel, CSI says its globalVCard is ready for prime time. CSI’s virtual card and mobile technology meets the biggest challenges of the corporate travel procurement industry: compliance, security, and hotel direct billing.
Movistar and MasterCard launched “Your Mobile Money” electronic money service to provide offer significant savings in their money transfers. The service is available in 20 of the country’s departments to Movistar’s 16 million plus mobile customers, allowing customers to access an electronic money account. It creates a link their telephone number to their “Your Mobile Money” card, and will be able to make financial transactions such as sending and receiving money from a cell phone. It ultimately makes card purchases at MasterCard-affiliated establishments, and replenishing the balances of their own or third-party cellphones.
After completing a four-month nationwide rollout of its Preferred Rewards program in October, Bank of America launched a major advertising campaign this week to round up more enrollees.
NCR consumer transaction technologies signed agreement to build a new world headquarters campus in Atlanta. This will enable the company to continue to attract talent to support its hardware-enabled, software-driven business. The new campus will be located at Centergy North at Technology Square on Spring Street, and will provide NCR with a state-of-the-art presence. In addition to helping the company consolidate a number of disparate facilities into unified and contemporary work environments and will allow retail and hospitality customers from all over the world to experience NCR technology solutions.
The Smart Card Alliance Payments, Mobile and NFC, and Transportation Councils made significant headway in 2014, educating the industry on the security benefits of smart card technology for a wide variety of payment applications and use cases.The Payments Council focuses on facilitating the adoption of chip-enabled payments and payment applications in the U.S. and works closely with the EMV Migration Forum to educate stakeholders on the security benefits of EMV chip technology. The Mobile and NFC Council activities help to accelerate the practical use of NFC applications such as payments, loyalty and marketing. In 2014, the council put forward workshops, white papers and other educational industry resources to discuss and promote common mobile and NFC standards and best practices.
Chase reported record purchase dollar volume (PDV) in the fourth quarter of $123.6 billion, up 9.8% year-on-year (Y/Y). The number of active credit card accounts also ticked up to 34.0 million, a 5% increase over end-of-year (EOY) 2013.
MasterCard appointed Michael Fiore group executive Global Prepaid Solutions. A ten year veteran with the company, he will lead the ongoing development and execution of the company’s global prepaid strategies. These programs provide individuals, organizations and governments with tools that create more efficient, easier ways to receive, hold and activate money. Fiore replaces Ron Hynes, who recently left MasterCard to pursue a new opportunity. Most recently with Mastercard, Mike led the company’s cross-border remittance, person-to-person payment and disbursement strategies and was instrumental in the acquisition of Orbiscom.
Wells Fargo reported an impressive 15.6% year-on-year (Y/Y) increase in bank credit card outstandings for the fourth quarter (Q4/14). Credit card penetration in retail banking households rose to 41.5%, up from 37% in prior year.