ERN has announced the appointment of Roger Alexander, the former President of Elavon Merchant Services Europe and Brian Thom, the former President of Citibank Japan, to its board of advisors. Alexander brings to the role vast experience of the financial services industry, currently holding non-executive directorships at foreign exchange platform Canton FX, payment and loyalty consultancy The Logic Group and secure payment solution provider Pensio. He’s a graduate from Harvard Business School and spent over a decade at Barclays as Managing Director of The Emerging Markets Group as well as a Director at Barclaycard, also Roger was the former CEO of EuroConex and the former CEO of Switch UK. Meanwhile, Thom spent more than seven years at Citibank, where he served as President of Citibank Japan and Country Head of Citibank Korea. He is currently a Director at CSC Pacific and DPSL Limited, Executive Director at Asia CEO Network and a Partner at business solution and support service provider Gravitas Partnership. He is also the former Global Head of Marketing For American Express and the former SVP of Marketing for MasterCard.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Intuit Pay is now also available on Android, expanding the market on products or services with a low cost way to accept credit and debit card payments. Intuit Pay lets users take card payments on the go as well as from home or office with a free app and pocket-sized chip…
PayAnywhere mobile mPOS announced five new regional retailers are now offering its solution in their stores. Making the PayAnywhere reader available at these regional retail chains gives contractors and small business owners the opportunity to shop locally for the mobile point of sale solution proven to boost businesses’ cash flow. With the ability to conduct on-the-spot credit and debit card transactions using the PayAnywhere mobile credit card reader, the PayAnywhere app, and a standard smartphone or tablet device, PayAnywhere eliminates the need for contractors to chase down payments from customers once a service has been provided and gives businesses an easy and safe way to accept credit cards from wherever they are. Compatible with iPad, iPhone, iPod touch, Android smartphones and tablets, and BlackBerry devices, PayAnywhere provides merchants transaction fees of just 2.69% per swiped transaction.
DataCash global payments services launched its GateKeeper:2.0, allowing online merchants and acquiring banks advanced technologies to offer end-to-end fraud monitoring, detection and prevention. Merchants can detect fraud and risk and crucially identify genuine customers with pin-point accuracy, regardless of the channel or geographic market that the transaction originated from. Merchants reduce costs of fraud with an average chargeback rates of less than 0.1%; increase web sales revenues; ncrease efficiency – through reduction in transactions sent for manual reviews & resourceful handling; and enhance visibility and control as able to process, manage and report on all transactions despite currency, geography and payment type through one solution.
NCR launched its Movie Time mobile app, letting cinema operators engage customers on a custom-branded smartphone platform. The app features a user interface making it easier for consumers to navigate, purchase and share movie tickets and is integrated into NCR’s cinema solutions. The “NCR Movie Time” securely stores loyalty and credit card information with password protection and allows users to redeem orders at any point-of-sale, kiosk or usher stand. It is designed to be easily customized for individual cinema brands, making it seamless for theater operators to maximize valuable marketing opportunities with consumers and to build loyalty through an exceptional user experience.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data released its SpendTrend analysis for March 1-29, 2013. Compared to March 2-30, 2012, it tracks same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations. Year-over-year dollar volume growth increased 6.0% in March, up from February’s 4.6% growth, as the…
Fiserv financial services technology solutions has launched a payment accuracy and fraud solution to reduce improper payments for U.S. federal government agencies. The professional services engagement will allow government agencies to reduce the overall loss of cash associated with improper disbursement and recovery of funds, thereby enabling that money to instead be used for citizens and tax-payers. Improper payments can include payments to the wrong person, for the wrong amount, or to citizens who are no longer eligible for benefits. An estimated one-third or more of improper payments are due to fraud, while two-thirds are the result of errors or incorrect information. Using a rigorous process and data analysis, the Fiserv solution finds and eliminates process variation, waste and opportunities for error that may result in payment inaccuracy.
PayOne mobile payments and carrier billing has been awarded another patent by the US Patent Office on its “PayConnect” technology platform, “instant wallet” capability, and intellectual property serving the mobile commerce and digital payments market. The newly awarded patent, which was filed in November 2010 for invention number 8,379,815, covers mobile payments, fraud control and identity verification for online and in-store transactions. This new patent adds to an already robust portfolio of eight patents awarded to PayOne related to mobile wallet, payments and carrier billing. PayOne’s complete patent portfolio can be found at http://www.payone.com/Patents. PayOne and the PayOne Global Carrier Network PGCN currently provides the ability for over 4 billion consumers in over 80 countries to utilize their mobile phones for secure digital mobile payments, typically with just 1-2 steps.
Vantiv payment processing for merchants and financial institutions of all sizes, announced that it was the first U.S. acquirer to complete MasterCard’s testing requirements to process EMV transactions for MasterCard, Maestro and Cirrus brands at both ATM and at the point-of-sale locations. Vantiv’s integrated processing platform continues to enable the Company to quickly integrate new technologies such as EMV. This, combined with Vantiv’s comprehensive suite of payment solutions, represents the Company’s continued investments in its core processing platform, emerging technologies and strong execution capabilities. Vantiv’s network drives nearly 13,000 ATMs and has been certified to process EMV transactions on the NCR APTRA(TM) Edge ATM software platform. Its EMV processing will allows cardholders to conduct EMV transactions at selected ATMs.
Bluefin Payment Systems and fundraise.com social fundraising platform inked their partnership, whereby Bluefin’s payment gateway, PayConex, is available to fundraise.com’s customer base. Bluefin’s payment gateway features debit/credit/ACH acceptance, plus recurring billing, a virtual terminal and a hosted payment page – all backed by security features such as tokenization and point-to-point encryption (P2PE). A ll of fundraise.com clients will have access to Bluefin’s secure payment gateway by simply applying online for a merchant account, which will offer fundraise.com’s services to their base of merchants and more than 300 partners. Bluefin is partnered with over 100 software providers and serves 15,000 U.S. and Canadian merchants, including 1,200 Non-profits.
Accourt Limited consultancy services announced that Peter Trembling as a Partner, bringing with him over 20 years’ experience in International Cards and Payments. He served in roles with American Express, five years at MBNA International and was the founder of two specialist card consultancy practices. He has advised banks and card issuers in every continent around the world covering over 30 countries, as well as brokering co-brand card partnerships for over 50 rights-holders in airline, retail, travel, and sport. Peter has operated as a consultant to MasterCard, Visa and American Express and was the Chairman of the inaugural MasterCard Annual European Card Programme of the Year Awards. His speciality is in working with rights holders and assisting them in optimising the value of their card and payment opportunities, whether that be through a traditional co-branded or affinity relationship or from the advent of new technology such as mobile payments, cashless stadia and arenas, virtual cards etc.
Discover is now offering cardmembers the opportunity to earn 5% Cashback Bonus on up to $1,500 in purchases at home improvement stores. Cardmembers can start earning 5% Cashback Bonus at home improvement stores now through June 30 by signing up for 5% online at discover.com, or by calling 1-800-DISCOVER (347-2683). After making $1,500 in home improvement purchases, Discover cardmembers still automatically receive their standard cash back on all other purchases. Discover is also offering its cardmembers exclusive ways to earn between 5%-20% on purchases made through ShopDiscover, the online shopping portal featuring more than 200 top online retailers. Starting April 11 through May 12, cardmembers can take advantage of over 20 merchant partners that will increase Cashback Bonus amounts.