HyperWallet global payments provider announced Karrot launched branded prepaid card services for a unified payment solution for its loyalty and reward payment solutions. Karrot provides online loyalty and reward program solutions for a wide variety of companies. With a deep understanding about the impact of motivation, Karrot builds loyalty programs that promote the desired behavior and foster strong, long term relationships. hyperWALLET’s branded prepaid card program will provide Karrot with a streamlined payment solution in USA and Canada that allows earned loyalty funds to be made available to recipients instantly in local currency onto prepaid cards that can be used at ATMs, point of sale, or online.
Comtrex Systems EPOS partnered Eagle Eye digital consumer engagement solutions. Eagle Eye AIR allows merchants to easily connect with potential and existing customers to deliver relevant offers, rewards and services that can be redeemed securely through any POS. Following a successful engagement supporting the Tesco Clubcard Boost programme with high street brands such as Zizzi, Prezzo and Ask, the EPOS provider expanded the Eagle Eye AIR platform into all existing points of sale. Based on the results of current merchants using this programme, switching from paper to digital vouchers will see a quick ROI including a reduction in operational costs, the elimination of fraud and an improved customer experience. The platform enables real time validation providing merchants with improved insights into consumer activity which can be used in future digital marketing campaigns to personalise offers.
CardinalCommerce remote commerce received new intellectual property protection with regard to technology that expands its Universal Merchant Platform invention, related to its tokenization technology, in the form of patent US 8,645,266 B2. The United States Patent and Trademark Office (USPTO) awarded Cardinal the patent on February 4, 2014. Cardinal’s Universal Merchant Platform technology includes a system for securely processing Consumer Authentication for applications including eCommerce. The company’s patents on the invention date back to 2002. The new patent provides further and strengthened protection for Cardinal’s tokenization technology within the Cardinal Centinel® platform.
GoNow Technologies has been granted a patent by the U.S. Patent and Trademark Office for two-way, secure, wireless communication between a smartphone or other computing device and a reprogrammable card with data storage in a fully encrypted, secure element on the GoNow Card. The value of a reprogrammable card, paired with an eWallet on a smartphone, has now been recognized as the key way to enable 100% acceptance of phone based eWallets. When paired with any eWallet application on a smartphone, a single reprogrammable GoNow Card can store more than 50 credit, debit, ATM, loyalty or gift cards. The user simply selects the payment or other card on the phone eWallet, or from a set already on the card, and the magstripe on the card is instantly programmed with the key data for the card selected. The GoNow Card can then be used at any traditional magstripe, Dip, ATM or other reader, with no changes necessary to current retailer terminals or back office systems.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Leading Economic Index® (LEI) for the U.S. was up 0.5% in February to 99.8 after a 0.1% increase in January and a 0.1% drop in December. The LEI increased sharply in February, compared to recent monthly figures, suggesting weather-related stifling is over and consumer spending in 2H/14 will…
An automated teller machine (ATM) with no card reader. Pre-staged withdrawals on smartphones. Cardless transactions. And everything managed via the cloud. A new era of banking, inspired by the Millennial generation, is dawning at Diebold Federal Credit Union (DFCU), where an innovative ATM from Diebold, Incorporated and a mobile wallet solution are allowing members to complete self-service transactions and make retail purchases without using physical debit or credit cards. DFCU is piloting the world’s first ATM without a card reader or PIN pad that relies solely on mobile authentication. When a consumer scans a unique QR code at the ATM using a smartphone, the ATM authenticates the user via cloud-hosted services to enable secure, cardless transactions.
MasterCard today announced a new initiative to help smaller merchants create efficiencies in their operations by accepting electronic payments. The effort combines changes to the company’s U.S. region rules with best practices and insights developed from conversations with smaller merchants.
The new standards deliver greater transparency and value to smaller business owners. In the standard, acquirers and payment service providers are required to provide their customers with a clear and detailed disclosure of the fees they are charged, while also ensuring a minimum of 30 days’ notice before they modify any fees related to MasterCard transactions.
hyperWALLET® Systems Inc., a trusted global payments provider to top-tier organizations, today announced that Karrot has launched hyperWALLET’s branded prepaid card services to provide a unified payment solution for its loyalty and reward payment solutions. hyperWALLET’s branded prepaid card program will provide Karrot with a streamlined payment solution in USA and Canada that allows earned loyalty funds to be made available to recipients instantly in local currency onto prepaid cards that can be used at ATMs, point of sale, or online.
TSYS Merchant Solutions announced its partnership with Navy Federal Credit Union designed to provide Navy Federal’s merchant members with the ability to accept credit and debit cards as payments for their goods and services. TSYS Merchant Solutions, a wholly owned affiliate of TSYS (TSS), is ranked as the seventh largest merchant acquirer in the U.S. by number of active merchant outlets according to The Nilson Report. Navy Federal members will now have access to world-class payment acceptance and marketing solutions, including competitive comparison dashboards, mobile, tablet, e-commerce and retail point-of- sale solutions, along with 24/7 customer and technical support.
Payoneer global payments announced Google has selected Payoneer as a payments provider for Google Trusted Stores. Payoneer will power the program’s customer payouts, providing bank transfer services that enable Google Trusted Stores to send payments to people in many countries where it currently operates. The Google Trusted Stores program helps customers identify merchants they can trust online. Google stands behind the merchants that have earned the Trusted Store badge with a $1,000 lifetime purchase protection for shoppers. Payoneer was selected to deliver purchase protection consumer payouts in select countries where Google Trusted Stores operates.
Cardlytics announced the release of its latest white paper: “Understanding True Loyalty – Gaining Insight into Customer Loyalty Based on Whole-Wallet Spend.” This white paper goes into detail on what makes a customer truly loyal and how marketers can more accurately communicate with this important group using Whole-Wallet Analytics. This white paper compares consumer spending within categories to test the predominant theory that a retailer’s most frequent customers are their most loyal customers. Through relationships with nearly 400 banks in the US and the UK, Cardlytics utilizes their patented Cardlytics Automated Transaction System (CATS) to analyze the purchase behavior of consumers within and across categories and geographies. The analysis demonstrated that frequency should not be the only determining factor when identifying an organization’s most loyal patrons.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express signed an agreement to create a JV for its Global Business Travel division. American Express will share ownership of the JV with an investor group led by Certares, by which American Express will separate its GBT operations into a dedicated holding structure, which will include certain assets and liabilities…