VeriFone Systems, Inc. announced the introduction of two EMV-ready payment terminals from VX Evolution”its latest line of portable and countertop terminals”to the Kingdom of Saudi Arabia market with its partner, International Turnkey Systems Group (ITS), an integrated IT solutions and software services provider. “VeriFone is committed to providing leading edge, certified terminal solutions to meet the needs of our clients in key markets”
Diebold is adding more than 1000 new Opteva automated teller machines (ATMs) to Banco de Credito del Peru’s (BCP’s) fleet to expand Peruvians’ access to BCP’s services. Diebold is also providing maintenance services to ensure greater availability of BCP’s entire multivendor fleet of about 1,800 ATMs. BCP has earned a number of awards for delivering innovative banking solutions to the people of Peru. Diebold’s deposit automation technology adds to the bank’s mission to serve the country’s underbanked, many of whom have very limited access to branches. The technology enables BCP ATM users to make envelope-free cash and check deposits at the ATM, replacing traditional in-branch teller transactions with convenient self-service transactions.
The National Retail Federation and the Retail Industry Leaders Association asked an appeals court to overturn a federal judge’s approval of a controversial lawsuit settlement over Visa and MasterCard’s credit card swipe fees, saying it was negotiated by only a handful of merchants and would do nothing to bring the fees under control. Both organizations filed notices of appeal with the 2nd U.S. Circuit Court of Appeals in New York earlier this year, and followed up today with a joint brief asking the court to overturn a December 13, 2013, ruling by U.S. District Court Judge John Gleeson. The district court approved the antitrust settlement even though NRF, RILA and other opponents argued for more than a year that it failed to reform the price-fixing system under which Visa and MasterCard set fees for credit cards issued by thousand of banks. Rather than lower the fees, the card companies proposed in the settlement that they be passed along to consumers as a surcharge. Major retailers rejected the surcharge proposal, saying it was the opposite of what they had sought.
Intuit has completed its acquisition of Check mobile bill pay tfor $360 million. This will accelerate Intuit’s ability to offer bill pay across small business and personal finance products and create opportunities to retain, attract and serve additional customers. Check’s highly-rated mobile app automates and consolidates the bill pay process all in one place, reducing the complexity for its 10 million registered consumers. Check customers can monitor bills and accounts, receive alerts when bills are due or funds are low, and pay bills automatically.
Worldpay US payments processing has entered into a referral agreement with 5Linx Enterprises. The agreement will allow 5LINX to promote Worldpay payments processing products and services to merchants. The expansion of its relationship will give 5LINX and its Independent Marketing Representatives a concentrated approach to Worldpay markets. Our Representatives and customers will benefit from offers tailored to our 95,000 members.”
Digital River Commerce-as-a-Service solutions added bitcoin as a payment option for merchants that are selling online in the United States and using its small to mid-sized commerce solution. Bitcoin will now be available along with other international payment options, such as credit and debit cards, wire transfers, bank transfers and third-party wallets. Digital River’s small to mid-sized ecommerce solution provides online merchants with multiple platforms and tools to successfully build, manage and grow profitable ebusinesses on a worldwide basis. Priced affordably, the solution is based on a do-it-yourself ecommerce model with short click-through contracts, global ecommerce features and customizable e-store set-up options.
Flint Mobile today announced the integration of its no-card-reader mobile payment app with Intuit’s QuickBooks Online. Flint is the only mobile phone-based payment app that automatically syncs all transactions, line item information and customer information with the user’s QuickBooks Online account, eliminating manual data entry while also providing detailed reporting and customer history tracking not available with other platform integrations.
PayPal, a leading global payments provider, announced plans to introduce services into 10 new markets including Belarus, Cameroon, Côte d’Ivoire, Macedonia, Moldova, Monaco, Montenegro, Nigeria, Paraguay, and Zimbabwe. These 10 new markets will be able to register for a PayPal account and start making payments on millions of websites around the world without the worry of entering their credit or debit card details online. PayPal gives people simpler ways to send money without sharing financial information, and with the flexibility to pay using their account balances, bank accounts or credit cards.
VeriFone Systems, Inc. announced today that taxi passengers in Philadelphia can now use Way2ride to quickly, easily and securely pay for taxi rides with a tap of their smartphones. Way2ride makes the taxi experience faster and easier for passengers in Philadelphia by enabling them to tap and pay for cab fares in 1,400 of the 1,600 taxi cabs currently operating in the city. VeriFone Systems, Inc. is the global leader in secure electronic payment solutions providing expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets.
International (excluding the USA) Gross Dollar Volume (GDV) for Visa (VS) and MasterCard (MC) credit cards rose 6.3% year-on-year (Y/Y) in the first quarter (Q1/14).
MC’s growth in international credit cards GDV outpaced VS by 280 basis points (bps), according to CardData.
First Data Corporation today announced that Grupo Unicomer, a leading retailer of furniture, appliances and electronics in Central America, South America and the Caribbean, will use VisionPLUS® Flex as their core processing system for all their retail brands in the 19 countries in which they operate.
Jumio mobile credentials management company released Netswipe for Mobile Web, the next version of its award-winning Netswipe card scanning technology that is designed to improve the customer experience and increase conversion rates for purchases made on connected devices. Netswipe was previously available for native apps and desktop websites, but this expands Netswipe’s availability to mobile websites, allowing customers on all platforms to benefit from a faster, easier way to input their credit card information. Jumio’s proprietary computer vision technology brings speed and ease-of-use to credit card entry and ID verification processes. By eliminating 60 seconds or more of key entry time from each transaction, conversion rates increase an average of 30 percent. Jumio credit card scanning implements smartphone and desktop cameras to streamline the payment process.