PSCU, the top U.S. credit union service organization is setting up an full geek, all-night, marathon-style innovation competition to solve today’s most pressing financial service issues for credit unions in just 24 hours. Knockout 2014 is an innovative team event that allows credit unions to stay relevant in the marketplace by quickly meeting the needs of today’s consumers.
Swedish e-commerce company Klarna wants to enter the U.S. market next year. Klarna Group has more than 1,100 employees and is active in 15 markets, serving 25 million consumers and working with 45,000 retailers.
Frisco, TX-based Sheplers, a top multi-channel western-wear retailer specializing in cowboy boots has been hacked. The Company says the breach potentially impacts customers who used payment cards at Sheplers’ retail locations between June 11, and September 4. However, Sheplers does not believe the incident affected its online webstore.
While the the initial deployments of cloud POS systems were not very good, there are new hybrid deployments, along with the participation of larger retailers in the discussion, that are making the potential use of the cloud for POS as worthy of the discussion, something most retailers would not even consider even two years ago.
CardWeb’s CardExecs database today spotlights Rob Reeg, president, MasterCard Technologies & Operations (MTO). He oversees the strategic processing platform, global network and quality of technology operations at MasterCard Worldwide. Based at the MTO headquarters in St. Louis, Missouri, Reeg serves as a member of the company’s Executive Committee.
The Global NFC POS Terminals market is expected to grow at a Compound Annual Growth Rate (CAGR) of 57.9% between 2013 and 2018. One of the key factors contributing to this market growth is the increasing penetration of NFC-based mobile handsets. Terminals have also been witnessing the increasing penetration of NFC POS terminals in the transportation sector for ticketing transactions.
Small-business customers who have both a credit card and merchant processing relationship with U.S. Bank can “double dip” on rewards. The new rewards program, Encore, offers small-business customers extra rewards when they pair a U.S. Bank Business Edge Rewards Credit Card with a U.S. Bank Payment Solutions merchant account.
Boston-based Abine’s Mask Me service is garnering growing interest in the wake of major retail payment card data breaches. The firm is currently offering a promotional rate of $29.25 per year (normally $39.95) for its payment card masking service.
NJ-based Heartland Payment Systems has introduced a mobile and online ordering solution for restaurants of all sizes. Heartland Mobile and Online Ordering, in partnership with ToGoTechnologies, provides restaurateurs and consumers alike a convenient ordering experience that has previously been enjoyed only by large restaurant brands and their customers.
The NFC Forum has added Analog testing as part of its Near Field Communication (NFC) technology Certification Program. It is the world’s first detailed evaluation of the Radio Frequency (RF) performance of an NFC device.
MA-based Primax, a provider of debit and credit card issuing and merchant acquiring programs, products and services, has unveiled a new online tool enabling cardholders to activate their cards, check balances, make payments, and view, download and print transaction statements.
CA-based Flint has added two new features to its mobile payment service. The new Team Accounts feature allows multiple users within an organization to use a single Flint account to securely accept card payments, create invoices and send Apple Passbook coupons from their smartphone. The company also introduced its application update for iOS8.