Southeast Bitcoin ATM

Southeast Bitcoin will unveil South Carolina’s first Bitcoin ATM, powered by Robocoin at the Dig South Interactive Technology Festival in Charleston, SC. The machine will be hosted at the College of Charleston TD Arena. Southeast Bitcoin has partnered with Robocoin, whose groundbreaking technology allows customers to buy AND sell Bitcoins from a freestanding kiosk with bank grade hardware and security and 100% regulatory compliance capabilities. The security features include biometric sensors and user identity verification by scanning of a government-issued photo ID.

Credit Card APRs Up Slightly From March Figure

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average credit card APRs are up .1% from the March figure to 15.02% after averaging a meager .04% change over the past year. This throws a kink in the downward momentum seen through the beginning of the year. This also follows a relatively lengthy period of APR stagnation throughout the holiday…

ChinsUnionPay Explosion Still Rippling

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The most popular payment method based on purchase volume were UnionPay debit cards, which for the first time surpassed Visa credit cards and Visa debit cards. Visa’s market share of 39.22% was down 262 basis points. MasterCard’s share dropped 158 basis points to 26.08%. UnionPay’s share grew by 534 basis points…

Google Wallet Powering Best Western Booking

Best Western International today announced that it is streamlining the hotel booking process by working with Google to allow guests to pay for their stay using Google Wallet. The brand will integrate Google Wallet within the Android version of its popular “Best Western To Go®” application and mobile website viewed through a browser on any device, allowing customers to seamlessly complete their reservation through this safe and secure platform. By adopting Google Wallet, Best Western is reducing the amount of steps consumers need to take to complete a mobile reservation.

Visa Announces General Counsel Succession Plan, Appoints Vice Chairman

Visa announced that Kelly Mahon Tullier will join the company as Executive Vice President and Deputy General Counsel. She joins Visa from PepsiCo, Inc., where she was the Senior Vice President and Deputy General Counsel. Ellen Richey, Chief Legal Officer, Chief Risk Officer, and member of the Executive Committee will continue in those roles through September 30, when she will become Vice Chairman – Risk and Public Policy. The Chief Risk Officer and the Chief Audit Executive will report directly to Ms. Richey. Ms. Richey will also lead a newly created function responsible for Public Policy at Visa, which will include ensuring that Visa continues to drive the future of payment security, being our voice with legislators, regulators and clients globally regarding payment system security, and other similar initiatives combining business and policy issues of strategic importance to Visa. She will also be responsible for coordinating global crisis management at the executive level.

FIS Runs GenNow Prepaid Cards, mCommerce

FIS announced a new solution that allows banks and credit unions to compete effectively with alternative financial services. FIS “GenNOW” Financial Services allows financial institutions to capitalize on these customers by providing real-time access to funds via mobile or prepaid cards. The “GenNOW” solution lets financial institutions effectively compete in a disruptive market where their customers are being lured to conduct alternative financial services outside of the traditional banking system. By offering a GenNOW account, financial institutions will be able to capture new revenue and retain customers with state of the art financial services and tools.

Heartland Acquires MCS Software Indicating Growth

Heartland Payment has acquired MCS Software school foodservice POS back office and online payment solutions. The acquisition of marks the continuing expansion of Heartland’s market-leading position in the growing K-12 school nutrition and POS technology industry. Heartland School Solutions provides industry-leading child nutrition and payment management solutions to public and private schools throughout the country. These include POS terminals, a secure online payment portal, mobile payment capabilities and integrated vending solutions. Heartland School Solutions also provides a number of back office management features, such as online free- and reduced-meal application processing, meal tracking, inventory management and menu planning.

First Data Releases March 2014 SpendTrend

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data released its SpendTrend for March 2014, compared to the year ago period. Tracking same store POS data by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks from nearly four million U.S. merchant locations serviced by First Data, the analysis shows dollar volume growth was 2.1%. This…

Heartland Acquires MCS Software

Heartland Payment Systems has acquired MCS Software, an innovative provider of school foodservice point-of-sale (POS), back office and online payment solutions for more than 4,000 K-12 schools nationwide. The acquisition of Madisonville, Louisiana-based MCS Software marks the continuing expansion of Heartland’s market-leading position in the growing K-12 school nutrition and POS technology industry. Heartland School Solutions now serves over 34,000 K-12 schools nationwide, representing a 35% share of the public schools in the U.S.

Discover Wins EIFLE Award for Corporate Leadership

Discover Financial Services received an Excellence in Financial Literacy Education (EIFLE) Award from the Institute for Financial Literacy. It was specifically awarded in the “Organization of the Year, Corporate Leadership” category for its financial education program, Pathway to Financial Success. The EIFLE Awards acknowledge the innovation, dedication and commitment of individuals and organizations that advance financial literacy education. Discover’s Pathway to Financial Success program is a five-year, $10 million investment to bring financial education curriculum into public high schools across the country.

FIS Releases GenNOW

FIS today announced a new solution that allows banks and credit unions to compete effectively with alternative financial services. FIS GenNOW™ Financial Services allows financial institutions to capitalize on these customers by providing real-time access to funds via mobile or prepaid cards. GenNOW customers can easily track their spending and manage their finances on the go.

USA Technologies Redefines One-Stop Cashless Payment Services for Self-Serve Retail at 2014 NAMA OneShow

USA Technologies ntends to redefine one-stop cashless payment services by showcasing a myriad of products and services at the 2014 NAMA OneShow. Here USA Tech will demonstrate self-serve retail, including the growing web of interlinked products, services and consultative support marketed under the ePort Connect® platform. The Company will also cover Micro-market Services: USAT is making it easier to optimize cashless in today’s complex food and refreshment service businesses by linking ePort Connect to a growing list of supported micro-market providers such as Revive Self Checkout and Breakroom Provisions. In addition, ePort Connect has recently been upgraded to give consumers the opportunity to replenish their MORE. account with either cash or credit at either of these supported micro-market kiosks.