MANGOPAY crowdfunding platforms and collaborative economy players is strengthening its offering with new functionalities and accepting seven further currencies (British pound, American dollar, Swiss franc, Polish zloty, Norwegian, Swedish and Danish krone) in addition to the euro. The Australian and Canadian dollar will also soon also be accepted. In-app payment using card “tokenisation” which allows merchants to receive payments without users leaving their platform. Meanwhile, test accounts for merchants and the option to go live directly via mangopay.com. MANGOPAY helps clients accept third-party payments, create and manage e-wallets (white label), split funds and collect fees in a simple, secure and transparent way.
Secure Electrans announced the latest certification of the unique and revolutionary HomePay Chip&PIN device that combines small retailer mobile payment acceptance and secure online Chip&PIN payments. This latest development of the Secure Electrans HomePay 130 range employs a state of the art “Dynamic Kernel” that is able to switch transparently between taking and making payments. The device that enables the user, for example a taxi driver or plumber, to buy goods online securely with Chip&PIN and then take the device with them to their work or use on the move to accept payments. The certification, undertaken by the leading financial industry security evaluation body UL, confirmed that this latest Secure Electrans HomePay™ device meets the rigorous specification of EMVCo.
Allus achieved PCI-DSS certification as part of its efforts to focus on minimizing the risk of fraud and ensures that adequate controls of all elements that can process, store or transmit credit card information are in place. Trustwave, a Qualified Security Assessor (QSA) in Colombia authorized by the PCI Council, conducted the certification process. This work began in July and for 7 months the necessary adjustments were made to comply with all the controls required by the PCI standard.
Payment Alliance International retail ATM solutions announced signed an agreement to brand 22 ATMs located at Rite Aid stores in Kern County, Calif. PAI will own and operate the ATMs, which will be outfitted with Kern Schools’ branding. Kern Schools’ members will have surcharge-free access to cash at these new ATM locations. PAI operates one of the largest ATM networks in the United States, with equipment at more than 60,000 retail locations across the country. As part of the network, the company provides ATM services for approximately 1,500 Rite Aid locations nationwide.
Square Cash introduced a new feature that enables anyone to request money from an individual or group in seconds. Since its launch last October, customers across the country have been using Square Cash to send millions of dollars to one another each week. The new feature makes it easier than ever to request money – whether you’re a coach collecting dues for little league uniforms or planning a group birthday dinner for a friend, Square Cash is fast and free.
TransFirst has teamed up with the GeeBo app, a secure, cashless mobile shopping solution designed to protect the credit card information of customers. The GeeBo app is a secure, end-to-end payment processing solution that allows convenient, cashless shopping for consumers directly from their smartphone or mobile device. Through the Quick Check feature on the app, a customer logs into their account and enters the merchant’s Quick Check store number. The user-friendly wallet service enables shoppers to pay for goods and services without swiping, faxing or handing over their credit card at the point of sale. The secure GeeBo app securely stores payment credit card information so there is never a need to carry cash or to show a payment card to a participating merchant. Customers can shop knowing that their personal information is protected and secure.
Heartland payment processor hired branding and strategic marketing expert, Michael McMillan, as chief branding officer to lead branding and marketing initiatives to drive business objectives and build brand preference and equity for Heartland products and services. For 20 years, McMillan was chief executive officer of McMillan Associates, a visual communications firm he founded in 1984. More recently, he has toured globally as an inspirational speaker and was president of McMillan Media, where he focused on thought leadership and consulting engagements on the topics of creative thinking, innovation and making positive change. McMillan’s clients have spanned Fortune 100 corporations, small entrepreneurs, sports and music legends, and non-profit organizations and institutions.
Citi ThankYou Rewards members have two new ways to use their Citi ThankYou Points for an account credit to cover a recent purchase, or to make a donation to charity. With ThankYou Select and Credit, available ThankYou Points can be used to cover purchases in certain categories made with an eligible consumer Citi credit card that participates in ThankYou Rewards. ThankYou members can also use their available points to make a donation to a wide variety of charitable organizations on www.thankyou.com/pointworthy. ThankYou members can use their points to receive a statement credit to cover those eligible purchases made during their current credit card billing cycle on Citi Account Online. Donate with Points is a new ThankYou Rewards feature that lets ThankYou members use their available ThankYou Points to make a donation to a wide variety of charitable organizations.
New Media Insight Group, Inc. announced the Company has launched its mCard Cloud Payments solution in the United States. mCard Cloud Payments allow merchants to accept payments from a consumer’s mobile, mCard wallet on any wireless or Internet connected device. Consumers click “send payment” and the merchant clicks “accept” on their iPod Touch, iPhone, Android, iPad, Tablet, Mac, PC or Laptop. mCard Cloud Payments allow retailers to accept payments from anywhere in their store. A restaurant server could accept the payment at the diner’s table or a clothes vendor or salon could accept a payment in any department in their store.
Servebase will now be legally known as PXP. With significant investment over the last three years the organisation is now primed for growth and scalability, which will assist customers in achieving their own business objectives. Therefore, it is logical that in moving into the next phase a new company name was required to reflect the new values, culture, uniqueness and offerings to the payments market. The new name PXP was born out of a simple equation of the core components that are central to what the business is all about: people multiplied by platform, delivers intelligent payment solutions that allow customers to gain strategic advantage for their businesses.
MasterCard has racked up more than $4 trillion in global gross payments card volume during 2013. MasterCard reported net revenue for Q4/2013 was $2.1 billion, a 12% increase versus the same period in 2012. Also, a 14% increase in gross dollar volume (GDV), on a local currency basis, to $1.1 trillion; an increase in cross-border volumes of 18%; and an increase in processed transactions of 13%, to 10.4 billion for Q4.
In the wake of the 2007 “Great Recession” and the “2008 Credit Meltdown,” consumers fled from credit cards, abhorring debt of all kinds. Consequently, the top five credit card issuers outstandings nosedived by 15.6% since 2009. The Federal Reserve shows overall revolving credit dropped 6.7% over the same time period. However, it appears cardholders are warming back up to revolving credit card debt. Compared to 2012, credit card outstandings among the nation’s top issuers are only down by 60 basis points. Preliminary Federal Reserve figures show a slight uptick of 130 basis points in revolving credit usage last year. RAM Research predicts credit card outstandings will continue to rise in 2014, possibly gaining 200 basis points over 2013.