BitPay Exceeds $2mm Transaction VLM, MtoD

BitPay payment processor for bitcoin processed over $2 million during the first 25 days in March, with a transaction pace accelerating at over 3,600 completed transactions this month. With this, the company also announces that it has lowered its processing fees for all merchants to 0.99%, including settlement in any local currency that BitPay supports. This allows merchants to accept payment over the bitcoin peer-to-peer payment network, and either keep the bitcoins or receive their local currency such as dollars or euros. Settlements to local currencies are made with a guaranteed exchange rate locked at the point of sale for no additional fee. BitPay currently has over 4,000 merchants using its platform to accept payments over the peer-to-peer payment network, and BitPay is acquiring new merchants at a rate of 1,000 new merchants per month.

NCR Launches Aloha Mobile POS Software

NCR Corporation launched its “Aloha Mobile” extension of its Table Service POS software, letting restaurants deploy mobile technology for tableside ordering and payment. This allows for an increase in speed of service and order accuracy, thereby improving guest satisfaction while boosting sales and profits. The user interface for Aloha Mobile mirrors the well-known UI of the Aloha POS software and makes it fast and easy for restaurants to train servers and have them start taking tableside orders and payments immediately and very efficiently. Aloha Mobile provides servers this capability across many mobile hardware platforms, including the latest generation of NCR Orderman devices as well as Apple® iOS devices like the iPad®, iPad Mini®, iPhone® and iPod touch®. Aloha Mobile offers a secure PA-DSS validated solution that works without any changes to a restaurant’s existing credit card processing.

Consumers Adapting Newer Bill Payment Methods

Western Union global payment services from its Payments Money Mindset Index showed a growing consumer preference for online and mobile bill payments continues to grow as 39% of consumers will pay more bills online in 2013, and 12 percent intending to pay more bills by mobile phone. Meanwhile, 14% will make an urgent payment via their mobile device in the next six months and 25% will send fewer checks in the mail to pay their bills. Additional Western Union findings show 46.5% of bills are paid via a biller, bank or credit union website; 20.2% paid via mail; 19.6% are paid via an automatic deduction or recurring payment; 8.7% are paid in-person; 3% are paid via a landline phone and 2% are paid via mobile phone.

Misys Launches mBanking & eCommerce Solutions

At the ‘Misys MENA Market Forum 2013’ Misys is announcing its new innovative range of online and mobile banking products, Misys BankFusion Digital Channels, which significantly enhances the way banks provide products and services via the Internet or mobile devices. Misys BankFusion Digital Channels comprises a range of proven and mature modules covering online banking, mobile banking, personal financial management and Internet brokerage, which enable banks to extend their services and add more value to their customers. The innovative solution enables banks to keep up to date with the changing needs of consumers. It allows banks to provide a better digital service all the time and allows them to optimise their costs, as customers migrate from transacting in branches to banking via digital channels. Banks will now be able to ward off the threat of competitors and cope with the increasing pressures from more sophisticated consumers wanting to use the latest technology.

Spindle mPayments buys MeNetwork

Spindle mobile payments solutions has concluded the acquisition of MeNetwork international location- and time-based mobile marketing platform for merchants and consumers. MeNetwork’s technology integration with Spindle provides a comprehensive mobile commerce ecosystem that incorporates location- and time-based mobile marketing, fulfillment, and loyalty with mobile payment services. Merchants can directly engage consumers and form durable ongoing relationships via their mobile devices and leverage these connections to drive commerce, establish customer loyalty, and enable consumers to share the unique content they discover through their preferred social media channels.

Flint and Fidano Partner on mCard Acceptance

Flint Mobile mobile payments partnered Fidano merchant service providers. Facilitating on-the-go businesses to accept credit card payments and to maximize customer engagement, Flint provides a unique, frictionless solution for mobile small businesses by eliminating the need for extra card reader hardware or reliance on consumer adoption of a proprietary mobile wallet. NXGEN International processes over $5 billion in transaction volume per year and is partnering with Flint to drive growth in the untapped market segment of mobile non-countertop businesses. NXGEN integrates technology and personal service together with smart analytics and social media tools to create products designed to help merchants grow their business. Users can securely scan just the main number off the card instead of using a physical swiper or capturing a full image of the card on an end-to-end payment service provider platform to enable easy online merchaant on-boarding in minutes.

Bluepoint ImagePoint Announces Latest Partnership

Bluepoint Solutions announced Smart Financial Credit Union selected its “ImagePoint” check capture, electronic cashletter processing and check archive solution. Smart Financial Credit Union selected Bluepoint’s ImagePoint Branch, Hub, and Archive solutions after an extensive search. ImagePoint is to provide a complete end-to-end check capture, processing, and archive solution for the credit union that simplifies workflows, improves research capabilities and lowers processing costs.

TSYS Executive Honored by Commercial Payments International

TSYS announced that Keith Pierce, group executive of Commercial Services, has received the Most Influential Executive award at the CPI Global Awards for Excellence in Commercial Cards & Payments. Pierce was one of nine finalists for the award, which this year honors three exceptional professionals in the commercial payments industry. Pierce is responsible for the overall strategic direction and profitability of the commercial business at TSYS and has oversight of client relations, day-to-day operations, financial performance and business strategy.

Wintrust Pilots FIS\’ Cardless Cash ATM Access

FIS banking and payments technology launched its pilot of its Cardless Cash Access solution by Wintrust Financial Corporation. The FIS Mobile Wallet platform allows users to withdraw cash from ATMs using just a smartphone. The Cardless Cash Access solution securely authenticates a user on their smartphone and scans the QR code provided on the ATM screen and selects the account and amount of the withdrawal directly on their smartphone. The solution delivers an e-receipt to the smartphone app after cash is dispensed from the ATM. The FIS Cardless Cash Access solution utilizes the security within the user app authentication process and registration of the FIS Mobile Wallet app on the smartphone, eliminating card skimming risk and fraud incidents for banks and their customers.

VerifyValid Launches Beta Payment Platform

VerifyValid web-based payment enablement and fraud prevention company launched its CheckItOut “Beta,” an all-new check payment platform, which costs organizations only the cost of a check, a flat 50 cents, per transaction. By maintaining a check as digital element and requiring no additional equipment for processing checks, VerifyValid only requires a .50 cent fee for the transaction ensuring the payments stay within the organization, and not into the marketplace. Through a simple to use web interface, a VerifyValid user can launch a instant web-based payment interface allowing their customers to pay them via the Internet without the cost and complexity of merchant accounts or credit card interchange fees.

TransCard Intros New Prepaid Card

TransCard introduced its “Traveler Prepaid Card” along with its “Student Prepaid Card.” The latest addition to the TransCard “Premier Select Suite” reloadable prepaid accounts, the Student Prepaid Card is geared towards high school students heading off to college. It offers purchasing power without the risk of piling up credit card debt and allows parents to send money to the card via a transfer from their bank account or in real-time from a secondary card. It also offers online budgeting, real-time text alerts, a mobile app, and access to cash at ATMs worldwide, all for one low monthly fee.

Western Union Launched Payment Network

Western Union launched its “Reload+” network, which allows customers with multiple types of accounts, including prepaid cards, mobile services and other e-commerce-based accounts, to “top up” or add cash to their accounts at participating Western Union Agent locations worldwide. The “Reload+” services offer cash access at participating Western Union Agent locations where ATMs are not prevalent.