Holiday Shopping Season A Perfect \’Black\’ Storm

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With consumer confidence at a fever pitch, and card rates showing small signs of relief, conditions are ideal for holiday shoppers this season. This is apparent with U.S. credit card delinquencies for the first time in a year having increased, although late payments have remained well below the 3% average on…

Mobeam Appoints New Senior VP ,Business Development

mobeam announced its addition of John Hennessy Senior VP to oversee business development. Mobeam’s technology makes digital coupons and other content presented on a mobile device universally scannable by every POS system. Hennessy was formerly Senior Vice President of Sales and Marketing for Locus Traxx, where he managed sales and marketing teams for produce, perishable foods and shipping industries. He also directed projects with growers/shippers, transportation providers, wholesalers and retailers. He holds a BA in Communications from the Loyola University of Chicago.

Fiserv Appoints New Member of the Board

Fiserv financial services technology solutions appointed Chris Flink to its Board of Directors. Flink, a partner at the innovation and design firm IDEO, where he has been for 15 years, and a consulting associate professor at Stanford University, has also held a variety of roles. This includes overseeing the firm’s Consumer Experience Design practice to co-founding its New York office. He has led diverse programs in collaboration with clients that include some of the world’s most recognizable brands. He currently leads key client relationships, guiding portfolios of innovation projects in retail, education and consumer products.

Wings FCU to Implement ORCC Banking & Bill Pay

Online Resources Corporation financial technology services announced that Wings Financial Credit Union will implement its Architect Banking solution and bill payment services. Wings Financial was founded in 1938 to serve employees of Northwest Airlines. It now serves air transportation employees nationwide as well as residents of the Minneapolis/St. Paul and Seattle/Tacoma metropolitan areas. This allows Wings Financial to seamlessly integrate other best-of-breed technologies into their banking solution to expand their service offering. Moreover, the advanced functionality for services such as online account opening, personal financial management, one-to-one marketing and social media integration, Wings Financial’s members will have access to a superior digital banking experience within a single, extensible platform.

Pay.On Expands, Facilitates POS transactions

Pay.On AG is expanding its technical infrastructure to include the ability to now process point-of-sale transactions in addition to e-commerce in an environment that is PCI-DSS-certified, and as such, is compliant with all applicable regulations. Payment service providers worldwide gain easy access to fully-functional, market-tested mobile point-of-sale solutions, and as such, the opportunity to professionally position themselves for the market’s current transition to paying via tablets and smartphones in the POS segment. PAY.ON is providing both the smooth operations that meet all regulatory requirements as well as worldwide transaction processing within the international payment network. In this context, white label solutions are used to guarantee the client’s independence in its communication with the retailers it serves. PAY.ON is already cooperating with countless acquirers and hardware manufacturers for the roll-out.

PointsPay & Etihad Witness Intense mWallet Expansion

PointsPay mwallet/mpayment solution was launched in October in conjunction with Etihad Airways, converting virtual currency such as miles and points into over 150 global currencies for use as payment at over 30 million merchants worldwide. PointsPay shows a rapid upswing of user adoption with 2.6% of the active program members registered; 148,000,000 points loaded (growing at 47% monthly); 3,400 prepaid cards issued; 24% of transactions carried out at merchants in store; and 83% of members remain with a positive points account balance after a transaction PointsPay was used at over 1,200 different merchants worldwide in 62 countries.

BofA Pilots Visa Digital Wallet Service

Bank of America will now offer Visa’s digital wallet service, “,” which it has started piloting to its online banking customers, letting them make secure online payments without having to constantly enter card account numbers, bill-to or ship-to information. Bank of America customers can enroll in Visa’s “” service through online banking. Once enrolled, customers shop knowing they are protected by layers of security within Visa’s industry leading network. Customers will also be able to check out with a few clicks, eliminating the need to enter card, billing and shipping information for each purchase.

Sam’s Club to Carry PayAnywhere mPayment System

PayAnywhere mobile POS solutions partnered Sam’s Club and will subsequently implement its credit card reader for mobile devices to showcase in select locations nationwide and online at The retailer’s decision to make the PayAnywhere mobile credit card reader available to the more than 47 million Sam’s Club members, 600,000 of which are business members, gives small business owners an important and powerful tool that has been shown to boost revenue through credit and debit card sales. The PayAnywhere mPOS is designed specifically to meet the mobile point of sale needs of real businesses, available for iPad, iPhone, iPod touch, Android and BlackBerry devices. Individuals and business owners using PayAnywhere enjoy a low 2.69 percent fee for swiped transactions and some of the fastest payouts in the industry, with transaction funds typically deposited in merchant accounts within two business days.

Western Union Announces Tour to Benefit Goodwill

As part of its 2012 “Gift of Possibilities” campaign, Western Union is set to host a five-city consumer Gift Exchange Tour benefiting local Goodwill organizations. The Gift Exchange Tour will take place at Western Union Holiday Gift Spot locations across select Simon properties and Western Union’s flagship store on Saturday, Dec. 1; Saturday, Dec. 15; and Saturday, Dec. 22, from 11 a.m. to 1:30 p.m. local time in New York City, Chicago, Dallas, Los Angeles and Miami. Items received during the Gift Exchange Tour will be donated to local Goodwill organizations in select markets.

Wells Fargo Expands mDeposit Service

Wells Fargo & Company announced the nationwide expansion of Wells Fargo Mobile Deposit, allowing users with an Android or iPhone device to deposit checks into their eligible Wells Fargo accounts by taking pictures of the front and back of the check. Customers already used Wells Fargo Mobile Deposit to deposit more than 600,000 checks. Customers just choose the eligible consumer or business account where they want to deposit their check, enter the check amount, and use their mobile device to take a picture of the front and back of the endorsed check. After they submit their deposit, Wells Fargo sends a confirmation message. For this, Wells Fargo uses advanced encryption and security technology to mask sensitive information.

FTS Acquires Dependable Payment Processing and Discount Payment Processing

Financial Transaction Services (FTS) payment acceptance services has acquired Dependable Payment Processing and Discount Payment Processing (collectively known as DPP) electronic payment processing solutions. Subsequently, FTS and DPP will collaborate to provide outstanding service to their shared customers. DPP will combine its sales and operational expertise with FTS for a projected increase in annual volume and will deepen the company’s executive bench.

2Checkout Launches Improved eCheckout

2Checkout online payment processor has released its Dynamic Checkout advanced checkout solution. Working with 2Checkout sellers, Dynamic Checkout has been developed and released with advanced features and technology improvements in the new checkout process. The Dynamic Checkout solution offers a fresh new design and a simple, single page layout that will automatically respond and adjust to any screen size. This also enables sellers to create a seamless brand experience and offers a checkout to customers in the local format, language, and currency they are accustomed to, making it easier to buy.