Proxama NFC mobile wallet and NFC mobile engagement technology is set to work with Isis mcommerce JV, forged through AT&T Mobility, T-Mobile USA and Verizon Wireless, on the Isis Mobile Wallet app for NFC devices through BlackBerry 10OS. Proxama’s technology platform is proven in supporting consumer engagement, loyalty and secure contactless payments through NFC. Proxama has worked with leading brands such as EAT, KFC, EE, and Barclaycard on NFC initiatives to support consumer engagement and mobile wallets.
Sprint announced the availability of Pinsight Touch open platform for securely storing and accessing credentials on a mobile device. Pinsight Touch offers a direct path for credential issuers to enable their own branded applications with NFC and to share secured access to those credentials with other trusted applications, creating opportunities for increased distribution and wallet share. Sprint has joined forces with Sequent, leveraging their technology platform to make it easy for application developers to add NFC functionality into the branded mobile applications consumers already use. To further support growing the value of issuer and merchant mobile applications, Sprint has tied-in Pinsight Media+, which incorporates a suite of media tools into the Pinsight Touch program which can assist issuers and merchants in driving the discoverability of their mobile applications and maximizing customer acquisition.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] AnywhereCommerce, a global payments technology provider, announced its ‘Walker’ (Walker-ES01) mPOS device has been approved for use with Visa cards by the Visa Ready Program. Through this designation, merchant services providers can confidently use the Walker appliance to the satisfaction of the Visa Ready program, which identifies technologies suited to handle…
CardFlight which lets developers integrate in-person card payments into their own app raised $1.6 million in seed-round funding, led by ff Venture Capital, a New York-based venture capital firm that focuses on early-stage technology startups. While a number of payments startups are focused on online and e-commerce payments, CardFlight focuses on the 90% of credit card transactions that are ‘card present’ and happen in person. Additionally, CardFlight clients are typically vertical solution providers or large and medium-sized merchants, in contrast to companies that only provide closed mobile payment offerings that do not allow customization or white-labeling.
ACI Worldwide partnered Experian Decision Analytics to market Experian’s leading decisioning solutions to ACI customers and prospects. Experian’s analytics-driven decisioning enables effective and targeted customer application processes, robust portfolio management and streamlined collections and recoveries. Credit issuers using ACI Issuer, the company’s platform for issuing and supporting credit cards, paired with Experian’s solutions, benefit from an end-to-end offering that maximizes profitability throughout the life cycle of a consumer’s account.
CARDFREE has been selected by SONIC® Drive-In as its mobile commerce platform. SONIC is the nation’s largest chain of drive-in restaurants with more than 3,500 drive-ins serving approximately 3 million customers every day. CARDFREE is partnering with SONIC to create a unique mobile experience for SONIC customers, which will provide key standalone features as well as an integrated experience at SONIC locations. The SONIC mobile solution will be piloted later this year with expected system-wide deployment in 2014. CARDFREE’s award-winning commerce platform was designed to help merchants drive incremental visits, larger ticket size, tender preference and more meaningful consumer engagements. The company’s founding team members identified a gap in the market for a merchant-centric, omni-channel commerce platform and launched the company nine months ago to serve the large merchant market.
Tyfone will showcase The Connected Smart Card (CSC) technology at Money2020, combining both hardware and software for unparalleled security in mobile banking. Tyfone’s CSC delivers the proven solutions that are recognized by leading experts in the field of security. Tyfone will also feature partnership news at Money2020, involving top 10 credit unions adapting Tyfone CSC technology for layering mobile banking security, as well as exhibiting the latest P2P technology.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Discover U.S. Spending Monitor was up 0.7 points in September to 91.7, as consumer confidence in the economy slightly improved, but consumer spending intentions declined from the prior month. It showed those who feel the economy is getting better was up 2 percentage points to 30%, mainly driven by those…
Fiserv announced lenders and servicers can use its “LoanComplete” suite of solutions from Fiserv to help them maintain compliance with the Consumer Financial Protection Bureau’s (CFPB) mortgage servicing final rules that go into effect on January 10, 2014, the Real Estate Settlement Procedures Act (Regulation X) and the Truth in Lending Act (Regulation Z). The “LoanComplete” life-of-loan suite helps lenders and servicers comply with complex government regulations while simultaneously reducing their loan-processing time and exposure by combining standardized workflow processing with enterprise content management and customized data analytics. Regulation X addresses servicers’ obligations to correct errors asserted by consumers who have home loans, comply with their information requests and provide protections from force-placed insurance. The rule also requires servicers to provide information about mortgage loss mitigation options to delinquent borrowers; to establish policies and procedures for providing them with continuity of contact with personnel capable of performing certain functions; and to evaluate borrowers’ applications for available loss mitigation options.
American Express Global Corporate Payments was named “Most Admired Payment System” by readers of The Beat, the BTN Group’s industry-leading business travel newsletter. This is the sixth consecutive year American Express has won the award, making it the only company to do so since The Beat’s Readers’ Choice Awards program launched in 2008. The 6th Annual Beat Readers’ Choice Awards were based on a poll conducted this summer, which asked readers of The Beat to choose which company in six supplier segments they most admire for its “policies, management style and service for business clients.”
Large merchants across North America can now relieve the headache of operating a complex payments infrastructure while at the same time position themselves for future growth thanks to a new managed service solution from Transaction Network Services (TNS) and AJB Software (AJB). TNSPay Direct combines TNS and AJB’s industry leading capabilities to create a solution that provides merchants with improved control, enhanced security and greater flexibility over their card present and card not present payments environment. TNSPay Direct provides access to a dedicated and fully managed AJB Retail Transaction Switch (RTS), applying geographically diverse active/active data centers and backed by an industry leading Service Level Agreement (SLA). All processing activity takes place within the TNS Secure Payment Network, including routing and connectivity to the processors and acquirers of the merchant’s choice.
First Community Credit Union (FCCU) added a new branch location in the HEB grocery story on FM 1488 in The Woodlands with the help of interactive video technology from NCR Corporation (NCR). FCCU is the first financial institution in Houston to deploy NCR APTRA Interactive Teller, the only ATM-based technology that not only lets people talk to a live remote teller but also gives the teller remote control over the machine to conduct transactions. The efficiency and security created through the centralization of tellers enables financial institutions to transform their branch locations into more effective service and sales environments. APTRA Interactive Teller lets financial institutions offer access to teller services during non-traditional banking hours, build new small-footprint branches, and provide full teller services in areas not served by branches, all while taking advantage of the advanced features of NCR ATMs such as intelligent deposit, bill pay and new account and loan initiation.