INSIDE Secure announced the availability of its new EMV-ready MicroPass® solution for US contact and dual interface payment cards. Primarily developed for the US Payment market to foster the success of the payment card migration from magstripe to EMV chip based on cost and interoperability. MicroPass features an optimized operating system (OS) to fit into the smallest possible silicon area, while delivering the highest security level in the industry, Discover, Mastercard and VISA pre-installed and optimized personalization timing (6 times faster than competition) in order to speed-up the personalization equipment yield, and decrease cost. PIN and data sharing in case of multiple applications in the same card, in order to avoid data loading redundancies during personalization, while supporting a user friendly experience to the cardholder (a unique PIN).
VeriFone nominated former Sun Microsystems CEO Jonathan I. Schwartz as a board member at the company’s 2014 Annual Meeting of Stockholders scheduled for June 17, 2014. Additionally, the company announced that both Dr. Leslie Denend, a board member and current board chairman, and board member Jeff Stiefler, will not stand for re-election. If elected, current board member Alex W. (Pete) Hart will assume the role of board chairman. Schwartz has broad technology expertise, and brings extensive operational and strategic experience as a chief executive officer to the VeriFone board. He is currently president and CEO of CareZone, Inc., a mobile application for family caregivers, which he co-founded in 2010.
American Express announced its intent to open its fifth Centurion Lounge in Miami International Airport (MIA). American Express will open an approximately 8000 square foot Centurion Lounge at Miami International Airport. The Lounge will feature locally-inspired cuisine and cocktails from award-winning talent, a spa with complimentary treatments and a family room. Card Members will enjoy access to high-speed Wi-Fi, personal computers and noise-buffering workspaces. More details on the culinary team and specific menu offerings will be available closer to the opening of the Lounge.
MasterCard announced opening an accelerator program in Europe , led by MasterCard Labs), to help startups achieve scale. Mastercard will listen to the individual needs of each startup, understanding their business goals, and ultimately, helping them get to scale faster and more effectively than they would have on their own.
ChannelAdvisor cloud-based e-commerce solutions will co-host a webinar with Yahoo titled ” Deconstructing Digital Daily Habits: A Deeper Understanding of How Gen Y/Z Affects Online Advertising ” to educate retailers on how to best attract and retain customers in today’s evolving world of digital media and mobile. Sheridan Orr, ChannelAdvisor’s senior manager, product marketing, and Edwin Wong, Yahoo’s senior director of B2B strategic research and insights, will discuss the latest trends and outcomes of a Yahoo study. The research reveals why daily habits matter for Gen Y/Z and how macro trends are influencing the lives, behaviors, and shopping patterns of the largest online buying community.
BorrowersFirst has secured equity and debt funding from SF Capital Group. BorrowersFirst solutions include Connected Credit for fast, friendly, transparent, responsive service, Custom credit scoring and an advanced lending platform can easily integrate into partner or corporate sites. This makes it easier for consumers to “connect to credit” at home, at work, and even through their jobs, as BorrowersFirst customizes employee lending initiatives with large employers.
MyBank Mandates has been set to launch for 27th October 2014. MyBank Mandates provide direct debit users with a simple way to agree online and in real time that their account can be debited. Merchants and public authorities across Europe will be able to replace paper mandates with this efficient new solution. Paper mandates are expensive and lead to higher rejection rates for the first collection. Moving to a real-time electronic process that involves the bank of the debtor reduces costs and the time required to collect funds. MyBank Mandates will also support mandates by consumers waiving their automatic “no-questions-asked” refund right. MyBank Mandates do not interfere with the statutory refund rights provided under consumer law. This will help bridge the gap between today’s situation, where no-refund direct debits still exist as niche products in several countries, and the introduction of a pan-European scheme foreseen in the coming years.
Prosper peer-to-peer lending raised $70 million in additional funding to fuel the company’s growth and expansion. David Golob from Francisco Partners will join the Prosper Marketplace Board of Directors. The funding round also includes investments from Institutional Venture Partners (IVP), one of the premier later-stage venture capital and growth equity firms, as well as Phenomen Ventures.Over the past 15 months, Prosper has focused on improving its efficiencies and products through the use of cutting-edge technologies. This has helped to attract new borrowers and lenders at a rapid pace, with loan originations growing over 400% since last year and up 30% from last month. At the end of April, Prosper had 35% share of the online consumer peer-to-peer lending market place.
Chase Paymentech today announced the launch of its Mobile Dashboard, an interactive reporting display that provides merchants using an Apple® iPad with a snapshot of their payment account activity no matter where they are. Merchants can stay connected and current with their business by viewing historical transactions, settlement and funding overviews, chargebacks and fees on a colorful, intuitive and interactive reporting tool as part of their Chase merchant account.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Wincor Nixdorf fiscal 1H/2013/14 witnessed a decline in net sales and growth in operating profit. Net sales fell by 3% to €1,230 million. Profit for the first six months of the fiscal year grew by 2% to €45 million (€44 million). In the outlook for fiscal 2013/2014 as a whole Wincor…
Wells Fargo & Company and American Express today launched the new Propel 365 and Propel World credit cards, which will be available for Wells Fargo customers and accepted on the American Express network. The new cards, issued by Wells Fargo, offer customers the ability to maximize everyday spending to earn rewards faster, enjoy rich and competitive offers, benefit from enhanced protections while shopping and traveling, and receive advance access to entertainment, merchant discounts and a dedicated concierge service.
BYNDL Inc., an innovator of hardware and VMS-agnostic mobile marketing, payment and support services, has signed a strategic alliance with USA Technologies, a leader of wireless, cashless payment, telemetry and consumer engagement services for self-serve retail industries, that provides for the two companies to work together to incorporate BYNDL mobile marketing and payment services to USAT’s 6,000 plus customer base.