Huntington Bank began streamlining invoice and expense payment workflow processes using the MasterCard-branded Huntington commercial credit card. The card combines online card and data management tools and provides a unique monthly rebate payment. Introduced at a time when total estimated U.S. commercial card spend on indirect and direct purchasing will reach $200 billion in 2013, Huntington is now offering a comprehensive set of products for its award-winning treasury management services. This will improve working capital by paying suppliers but deferring cash outflow for up to 50 days, without a finance charge while rebate payments are available up to 13 months sooner than those provided by typical card issuers with annual or single rate scheduled rebates that usually pay out in February of the following year. Huntington’s monthly tiered rebate measure and payment structure is unique, giving customers the opportunity to more quickly pocket higher returns corresponding with monthly spikes in spend volume during the year.
NCR Corporation (NCR) announced an agreement for LevelUp to integrate their mobile payment and loyalty solution into NCR’s restaurant POS systems, giving restaurants another way to accept mobile payments and market to their customers. The integration will provide restaurants with an easy-to-use digital payment method and offer consumers a seamless experience when paying for their meal with the LevelUp application. LevelUp will initially interface with the industry-leading NCR Aloha POS using a site-based integration, while in parallel developing its solution for deployment via NCR Cloud Connect expected later this year and will be one of the first to integrate into Cloud Connect, a new hosted infrastructure that will allow leading third parties to integrate, maintain and deploy their solution across NCR’s install base of more than 100,000 locations on the Aloha, Radiant POS and Advanced Restaurant System platforms.
Verafin announced a partnership with Fundtech transaction banking solutions to integrate Fundtech’s “PAYplus” payment platforms: PAYplus Connect & PAYplus USA with Verafin’s enterprise FRAML solution. This integration of the leading funds transfer solution in the US and North America’s most advanced behavior-based fraud detection and Anti-Money Laundering (AML) analytics gives financial institutions the power to prevent wire fraud in real time. Wires are analyzed, as they originate, for anomalous customer behavior. High-risk wires generate risk-rated, evidence-supported alerts, which are presented in a clear visual workflow. High-risk wires are held as the fraud investigator reviews the alert. The fraud investigator can use the wealth of customer data within Verafin to review the alert.
As part of a definitive agreement, Accenture will acquire Acquity Group, a leading digital marketing and eCommerce company. Accenture has agreed to pay $13.00 per outstanding American Depositary Share, each of which represents two ordinary shares ($6.50 per ordinary share), or a total of approximately $316 million, in cash for Acquity Group. Acquity Group provides strategy, digital marketing, and technical services to hundreds of companies to enhance their brand experiences and eCommerce performance. The acquisition will broaden Accenture’s own services in these areas, which the company provides through Accenture Interactive, its group that offers chief marketing officers (CMOs) and brand leaders a comprehensive suite of marketing, technology and analytics solutions to help them improve their marketing performance. Acquity Group is the second-largest independent digital marketing company in the United States.
Action Systems, makers of the Restaurant Manager Point-of-Sale System and long-time leaders in mobile POS solutions for restaurants will unveil their latest iPad POS solution, RM Kiosk, at the National Restaurant Association Show. The RM Kiosk iPad POS app is a customer facing restaurant POS technology developed as a native app for iPad. This self-service solution will allow customers to browse a restaurant’s menu and then place their own order using a sleek iPad interface. RM Kiosk is fully integrated with the Restaurant Manager POS system so restaurateurs with self-ordering kiosks can continue to use a familiar, user-friendly interface to manage their operations.
Chase took top honors in the Keynote Mobile Banking Scorecard for overall mobile web experience in Q1 2013. This is Chase’s third consecutive win in Keynote’s ranking of mobile offerings among the 15 largest U.S. banks. In the latest Keynote Scorecard, Chase ranked #1 in two of four categories – Functionality and Ease of Use – to take the top spot overall. Features include “QuickDeposit” mobile check deposit capability; “QuickPay” person-to-person payment service; and Chase Instant Action Alerts to notify customers of a low balance. The Scorecard measures and ranks the 15 largest retail banks in the United States based on a list of more than 100 criteria in four main categories, developed from user testing and research.
Charge Anywhere MPOS apps is set to demonstrate its smart phone EMV payment acceptance by converting a BlackBerry phone into an EMV point of sale terminal. The Charge Anywhere Mobile Payment solution combines powerful tools to enable secure EMV mobile payment acceptance; any BlackBerry and a Bluetooth enabled EMV/Chip & PIN smart card reader. The Charge Anywhere MPOS Payment Application for BlackBerry enables business owners to securely process credit and debit cards anywhere their business takes them. Now, merchants operating on the new BlackBerry 10 platform and BlackBerry legacy devices can accept EMV payments in a mobile environment.
GoPago will unveil its mPOS solution as the latest addition to our commerce in the cloud product suite at the National Restaurant Association (NRA) show. All the power of GoPago LIVE’s tablet POS on a smartphone, GoPago mPOS pushes the POS to the edge of brick and mortar restaurants. To debut on the Nexus 4 with a card reader, rugged case and with its POS software already loaded, the mPOS offers flexible connectivity for merchants via WiFi with the option to upgrade to a 4G data plan. “Green” flexibility is offered when customers can choose to have their receipts texted or emailed and for merchants who desire, printed wirelessly via Bluetooth.
PayAnywhere mobile point of sale solutions provider partnered D&H Distributing consumer electronics distributor. Part of a retail rollout strategy, the partnership takes the PayAnywhere mPOS solution to small and independent retailers through the country’s largest distributors. Retailers working with D&H distributors can now offer their customers the PayAnywhere mPOS solution as a way to conduct on-the-spot credit and debit card transactions using the mobile credit card reader, increasing sales opportunities and creating an improved checkout experience. Designed specifically to meet the mobile point of sale needs of small businesses and retailers, the PayAnywhere solution works with iPad, iPhone, iPod touch, Android and BlackBerry devices.
TransCard prepaid products to financial institutions of all sizes, would like to congratulate FamZoo, the winner of one of five 2013 FinovateSpring Best of Show awards. Developed with TransCard’s prepaid platform, the “family pack” of affordable, widely accepted cards are linked together and accessed online through FamZoo’s award-winning family finance management software tools that help parents teach kids good money habits. This is FamZoo’s second win as Best of Show at Finovate. In 2011, FamZoo was awarded at FinovateFall for the debut of its Partner Edition product, which brings co-branded family finance management solutions to banks and credit unions.
CHARGE Anywhere award-winning, secure mobile payment apps and payment gateway technology is demonstrating smart phone EMV payment acceptance by converting a BlackBerry phone into an EMV POS. The CHARGE Anywhere Mobile Payment solution combines powerful tools to enable secure EMV mobile payment acceptance; any BlackBerry and a Bluetooth enabled EMV/Chip & PIN smart card reader. The CHARGE Anywhere MPOS Payment Application for BlackBerry enables business owners to securely process credit and debit cards anywhere their business takes them. Now, merchants operating on the new BlackBerry 10 platform and BlackBerry legacy devices can accept EMV payments in a mobile environment.
Square announced its “Square Stand” hardware for brick and mortar businesses that turns an iPad into a complete point of sale. Giving merchants a new way to manage and grow their business, “Square Stand” works with Square Register free POS app gives merchants access to real-time analytics, robust reporting, and a delightful experience for their customers. Square Stand features an integrated card reader that keeps information secure from swipe to payment, and easily connects to the hardware accessories businesses need, including a receipt printer, kitchen printer, cash drawer, and barcode scanner. Square processes over $15 billion in payments on an annualized basis, excluding Starbucks.