[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Offering real-time payments can help consumers better manage their financial lives, offer a differentiated banking experience and provide additional revenue streams for financial institution. Among other findings, the study reveals that the most positive responses to real-time payments are among people that are most sensitive to payment timing, such as outbound…
Blaze Mobile mpayment solutions was awarded three key NFC Mobile Payment patents. The Blaze Mobile patents awarded cover NFC Mobile payments (US8290433), the combined use of NFC mobile payment and coupon redemption(US8332272) and the original NFC payment sticker (US8275312). Blaze Mobile develops innovative mobile commerce, health care, and advertising solutions that enable secure, convenient, cost-effective transactions and promotions from the mobile device.
Amazon announced customers can now use Amazon Coins to purchase apps, games and in-app items in the Amazon Appstore and on Kindle Fire. To celebrate the launch, existing and new Kindle Fire customers in the U.S. have had 500 free Coins”a $5 value”deposited into their Amazon accounts today. Amazon Coins is an easy way to purchase apps and in-app items on Kindle Fire, and for developers it’s another opportunity to drive traffic, downloads and increased monetization. With discounts of up to 10% for purchasing Coins in bulk, it’s also an opportunity for customers to save money on their app and game purchases. Customers can purchase Coins by visiting amazon.com/coins. Amazon Appstore developers will earn their standard 70% revenue share when customers make purchases using Amazon Coins.
NCR announced Shake Shack implemented the NCR “Pulse Real-Time” smartphone app. available for iOS and Android devices. The NCR Pulse Real-Time is a SaaS-based mobile analytics engine addressing the everyday challenges of low visibility into current operational performance, lack of predictable data and inability to be in several places simultaneously.The application delivers up-to-the-second performance metrics and notifications directly to a user’s smartphone. Operational data is segmented for quick, easy review, such as voids and comps, net sales by hour, employee performance and overtime alerts. The user can view the guest check of a customer that just sat down or paid their bill and can use it to make real time decisions on their bottom line.
Visa’s announced its processing enhancement for Visa Offers, allowing Visa issuers, acquirers and merchants of all sizes to deliver targeted rewards to Visa cardholders. Cutting out paper coupons, allowing consumers, who opt in, to earn points and discounts as well as redeem special offers instantly at checkout by simply using their enrolled Visa card. the platform supports Visa’s commitment to offer solutions for retailer and financial institution clients of any size that allows them to deliver customized and differentiated benefits to Visa cardholders at the point-of-sale. The VisaNet payments processing network allows the efficient delivery of these offers that can enhance the consumer checkout experience, increase merchant sales and strengthen issuer relationships. New capabilities include Fully Customizable Offer Content; Real-Time Offer Relevancy; Consumer Loyalty Qualification; Multiple Redemption Options; and Support for Multiple Offers Programs.
Vantiv payment processing services and related technology solutions is bringing the next generation of POS redemption technology to cardholders and merchants with Visa Offers, the first U.S. acquirer to do so. Intended to drive additional value at the POS, Visa Offers offers the Visa card to deliver personalized deals from top brands to an enrolled individual’s mobile phone or email. This platform enables clients to identify and send customized, targeted offers to consumers to leverage their purchase location and interests based on purchase behavior. The redemption platform helps clients manage promotions across all sales locations by using a single, consistent redemption p process and it provides them the ability to track and measure program success with a consolidated reporting tool. The Visa POS Offers Redemption Platform provides real time ticket reduction as part of the offer redemption during the authorization process, delivering an alternative option to the need for statement credits or paper coupons.
ROAM, an Ingenico company and mobile commerce platform provider, and iPayment acquirer, announced a new program in which iPayment will use ROAM’s mobile commerce platform to deliver a suite of mobile point of sale (mPOS) solutions to its merchants throughout the United States. ROAM will provide iPayment merchants with a complete end-to-end solution, including the G4X Secure Mobile Card Reader, ROAMpay X4 Mobile POS Application and the myROAM management portal. ROAM’s platform capabilities support the largest number of mobile devices of any mPOS provider, including iOS and Android based smartphones and tablets. Its core platform assets – secure readers, applications to support mobile card acceptance, PCI compliance, real time data exchange, and merchant onboarding – are available as turnkey solutions that can be deployed as is, or as complete white label solutions offering branded hardware, applications and support tools.
Deductr business expense tracking and reporting system for small business owners and hyperWALLET Systems will integrate their respective services to provide customers a way to pay for, track and record business expenses at POS. Users of hyperWALLET’s prepaid cards can now simply swipe their cards at a merchant’s point of sale, enabling their purchase information to automatically be imported into Deductr’s online software for automated expense tracking. This one-step process eliminates the tedious and time-consuming manual receipt tracking efforts that typically hinder business owners from claiming all their tax deduction entitlements. hyperWALLET’s integration with Deductr further enhances a cardholder’s experience as they can now effectively manage their business expenses in a simple, hands-off manner and realize the full potential of their tax deductions and entitlements.
WePay credit card acceptance solution introduced Veda social risk engine that uses algorithms deployed within WePay’s internal system to evaluate the risk of potential merchants and catch fraudsters before they can act. WePay’s Veda has been leveraging social data to measure merchant risk. In that time, the company has been able to catch 300% more in attempted fraud. In just six months, the patent-pending technology behind Veda has stopped more than $30 million in attempted fraud. WePay does not need to use the traditional methods of freezing customer’s money to defend against fraud losses, opening the doors to providing next day payments to its merchants. Veda, uses data from social networks such as Facebook, Twitter and Yelp coupled with proprietary algorithms to quickly mine and analyze a merchant’s footprint and assess risk. It uses pattern recognition, integrated support data, and automatic cross-referencing based on just five fields of information to analyze risk and provide a better customer experience in the process.
Gyft mobile gift card platform added support for bitcoin purchases of gift cards on the Android platform, through its partnership with BitPay payment processor for bitcoin. Customers are now able to buy mobile gift cards using bitcoins and redeem them at over 50,000 physical retail locations across the USA including GAP, Lowes, Sephora, GameStop, American Eagle, Sports Authority, Nike, Marriott, Burger King, Fandango, Brookstone, and many more household brands. Users just download the Gyft app, select bitcoin as the payment method at checkout and make the payment from the bitcoin wallet.
The Electronic Transactions Association (ETA), the trade association for the global electronic payments industry, and SCIL-EMV Academy, America’s EMV Training Experts, announced a new EMV and mobile payments training and education initiative. Designed exclusively for ETA Members, the program provides technical and business information and training to help the U.S. payments industry migrate to the new EMV chip based credit and debit cards. Initially, SCIL-EMV Academy will deliver five core workshops. EMV courses will be arranged privately onsite, online, and at SCIL-EMV Academy public workshops across the USA. The first EMV workshops will be administered in May, and will be available on ETA and SCIL-EMV Academy websites. For more information, ETA members should contact Stewart Chalmers at firstname.lastname@example.org or by telephone at 818-681-3588.
SunGard launched its IntelliMatch Operational Control solution for ATM & Card Reconciliation. This helps financial institutions achieve smarter operational efficiency by streamlining their ATM and Card reconciliation processes to help minimize costs and reduce risk. SunGard’s IntelliMatch Operational Control helps financial institutions deploy enterprise matching and reconciliation solutions. This helps with agile business growth through rapid on-boarding of new reconciliations, consolidation of infrastructure and processes for a lower total cost of ownership, and optimization of processes for greater business efficiency.