Oberthur Technologies has joined the FIDO (Fast IDentity Online) Alliance and has been appointed to the Board of Directors. FIDO members commit to share technology and collaborate to deliver open specifications for universal strong authentication that enables FIDO authentication methods to be interoperable, more secure and private, and easier to use. Thanks to FIDO specifications for an end-to-end framework, end users will have an improved customer experience without having to remember multiple passwords for different services. FIDO specifications will support a full range of technologies, including biometrics such as fingerprint and iris scanners, voice and facial recognition, as well as existing authentication solutions and communications standards such as Trusted Platform Modules (TPM), USB Security Tokens, Smart Cards, Near Field Communication (NFC) and many other existing and future technology options.
TSYS made available its 2013 Consumer Payment Choice Study, which consists of an online survey and in-person focus groups ” both of which were conducted to gauge current and potential future consumer payment preferences. The nationwide primary consumer research study utilizes both quantitative and qualitative data to highlight how consumers are making payments today and how that may change in the future. The results are meant to provide helpful information for use in developing and confirming payment strategies and initiatives. More than 1,000 consumers who have and use both a debit card and a credit card were surveyed on payment choice, indicating payment preferences vary by type of merchant and location, with credit being the preferred payment type for online purchases. meanwhile, rewards and discounts are the most effective way to influence consumers to use a payment type more often, whom actively use their mobile devices for overall financial activity.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Conference Board statistics are currently not being updated due to the suspension of Federal government services. The last update to our Conference Board statistics was August 22, 2013 for the month of July. During the shutdown period, Cardweb will not collect data or issue reports in this capacity. Updates to this…
Acculynk has been selected to participate in ATM Debit & Prepaid Payments Innovation Day and will highlight its “Payzur” personal commerce (p-commerce) payment technology. The “Payzur” solution is 100% white labeled allowing financial institutions the ability to fully brand P2P transactions without an intermediary brand. It combines the established EFT debit rails with Acculynk’s patented online graphical PaySecure® PIN pad. This new approach represents an ‘out of the box’ round trip P2P transaction for financial institutions. The annual Payments Innovation Day (PiD) demonstration showcase features cutting-edge solutions driving innovation in payments and includes demonstrations in quick-fire format from up and coming companies.
VeriFone announced Holiday Oil completed a chain wide rollout of its “LiftRetail” marketing solution, which uses POS-connected digital screens to engage each shopper with relevant offers and coupons. Additionally, it analyzes each item in a shopper’s basket in real-time to make the right offer to the right shopper at the right time. The result is a proven increase in sales, delighted shoppers, and empowered cashiers. Instead of relying on paper punch cards, LiftRetail tacks each shopper’s purchases by mobile number and automatically redeems their sixth coffee for free. It also customizes advertiser-funded offers to match the prices, promotions, and item availability of each retailer for a centric marketing platform funded by CPG manufacturers.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With a net loss of $0.4 billion for the third quarter of 2013, compared with net income of $5.7 billion in the third quarter of 2012 JPMorgan Chase reported credit card sales volume of a record $107.0 billion, up 11%, while merchant processing volume totaled $185.9 billion, up 14%. Revenue for…
CPI Card Group EMV and commercial card production will now be offering a “Teachme” series of EMV educational webinars. The “Teachme” series is CPI Card Group’s new educational, online portal that will offer informational webinars on a variety of topics related to the payments market including EMV and prepaid. The program of courses begin with the topic of EMV launching in the U.S. and will range from learning the basics of EMV to understanding the more technical side of smart cards. CPI Card Group’s EMV presenters are experts, each with over 15 years of experience in the smart card industry.
Virtual Piggy has enhanced the fraud-detection and control features in its family payment system with comprehensive screening performed by a combination of internal checks and an integration with Kount, a leader in fraud management technology for ecommerce. Virtual Piggy joins Kount’s integrated partners alongside companies such as Chase Paymentech, LexisNexis, and Magento.
CARDFREE mobile commerce announced Checkers/Rally’s will leverage its full commerce platform to provide consumers with a complete mobile experience and will be the first QSR to use mobile to lead key consumer initiatives such as CRM, loyalty and stored value. The CARDFREE merchant commerce platform will enable Checkers/Rally’s to tie all programs together with mobile acting as a common thread. The platform gives merchants a comprehensive view of their customers that traditional programs have been unable to do. By leveraging the data tied to a user’s master account, CARDFREE gives merchants the ability to engage customers based on individual behaviors and preferences. CARDFREE also provides a digital stored value solution that’s optimized for mobile.
Discover has been recognized as one of the country’s top technology innovators by InformationWeek for delivering convenience and choice to customers through flexible options to redeem cash rewards while shopping online. Discover ranked 77 on the 2013 InformationWeek 500 list, which is presented annually and honors leading companies for using innovative technologies to transform how their organizations do business. Discover’s new platform enables Discover customers to simply use some, none, or all of their Discover Cashback Bonus or Miles Rewards to pay for their purchases online at select merchants’ websites.
Heartland Payment Systems and Tabbedout mobile payment app announced a strategic partnership to deliver an integrated mobile payment solution designed specifically for restaurant and bar operators. Heartland and Tabbedout have a shared goal of supporting an open merchant and consumer platform that starts with payments and provides an infrastructure for merchants and brands, such as beverage brands and payment sources, to engage with consumers. By aggregating customer data, including profile information, purchase history and feedback, this solution enables operators and brands to offer targeted rewards and incentives to influence purchasing decisions, increase loyalty and attract new customers, all within the venues’ existing infrastructure. Tabbedout will continue to work with other payments and related companies to enable operators to work with the providers of their choice.
Panasonic joins P97 Networks, Microsoft Corp., and CGI, at NACS 2013 to introduce its “PetroZone” mcommerce and behavioral marketing platform for the convenience retail and fuels marketing industry. This new alliance will combine the power of Panasonic’s portfolio of POS devices and deployment services with CGI’s Payment 360 Platform, Microsoft’s Dynamics AX Point of Sale, and P97’s PetroZone cloud based mobile commerce platform to provide the retail convenience and fuel marketing industry a fully integrated mobile payments and settlement platform for the future. The partnership provides major oil companies with a complete cloud based mobile commerce platform, allowing them to offer new mobile payment types, digital offers, integrated customer loyalty programs, and financial settlement solutions for their retail fuel distributors, wholesalers, and marketers.