Clear2Pay and Backbase Combine Interface

Clear2Pay payment solutions for financial institutions and Backbase software specialists are set to conduct a joint demonstration at Sibos 2012 of a Payments 2020 customer experience ‘inside the bank’. This will offer users of the Clear2Pay payments technology a compelling user interface that matches the level of agility and sophistication that the Backbase technology brings to thousands of retail and business bank customers around the world. Clear2Pay and Backbase started discussions when it became obvious for Clear2Pay that the user experience should not be limited to the bank’s customers. Thousands of banks and payment providers’ staff around the world work with Clear2Pay’s applications on a daily basis and they too want a user experience that gives them what they need, how they want it and relevant to their work task, location and device.

USA Tech Ranked 5th for U.S., 30th Worldwide 2011 POS Shipments

USA Technologies has been ranked as one of the top five shippers of POS terminals in the United States. The Nilson Report, a leading source of research on consumer payment systems worldwide, again ranked USAT 5th among the leading POS shippers in the United States for calendar year 2011. On a worldwide basis, USAT was ranked 30th. In addition to ePort EDGE and ePort G8 POS terminals, USAT’s PCI-compliant, cashless payments technology portfolio also includes QuickConnect™, an API Web service, all of which integrate with ePort Connect®, USAT’s comprehensive service platform designed specifically for small-ticket, self-service unattended retail locations such as vending and kiosk.

TSYS Revenue Up 1.8% Y/Y, 1% Q/Q

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TSYS posted 3Q/12 a basic earnings per share of $0.32, up 5.7% from the year ago period while revenues before reimbursable items were $406.1 million and operating income was $90.9 million, up 4.1% and 12.0%, respectively, from the year ago period. Total revenues for the quarter were $468.1 million, an increase…

Visa Research Shows mMoney Demands Financial Services

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa research now shows consumers in six developing countries are already highly aware of mobile money services. Nearly 90% of consumers surveyed expressed interest in making use of these services in the future. The study also found that security concerns associated with carrying cash and the need to quickly send money…

SocialCubix Connects to Dynamics credit card

SocialCubix launched its Facebook game payments application for the battery-powered Dynamics ePlate credit card device. When the “Scavenger Shop” experience is selected, a consumer’s gaming environment will change as they use their Dynamics ePlate credit card device. Consumers can sign up for a battery-powered Dynamics ePlate credit card device, subject to a credit approval, for individualized brand experience, through an experience application. The consumer can use different buttons on their ePlate device to select different experience applications.

Better ATM Services to ATM-Dispense Visa Prepaid Cards

Better ATM Services is set to expand the ATM-dispensed Visa prepaid card program throughout the U.S. The decision to grow the program followed the enthusiastic response from consumers and financial institutions during an in-market pilot program conducted through financial institutions in Arizona. Better ATM Services enabled ATMs at participating pilot financial institutions to use on-screen options and minor hardware adjustments to allow customers to purchase Visa prepaid cards directly from the ATM. Menus allow consumers to select between cash or Visa prepaid cards. While the pilot program allowed the selection of fixed value cards, menu options now allow account holders to designate the value to load on each card they purchase.

MLMIA Endorses PayAnywhere mPOS

The Multi-Level Marketing International Association (MLMIA) is supporting PayAnywhere, providing all members of the multi-level and direct sales profession, including corporate, support (vendors/suppliers) and independent distributors, with the mobile payment industry’s only enterprise-grade, “pay-as-you-go” mobile point of sale solution. PayAnywhere empowers MLMIA to offer to everyone in the industry the mobile payment tools they need to successfully sell merchandise and analyze which items are getting the most traction amongst buyers. PayAnywhere carges no hidden fees: no setup, monthly or cancellation fees. Independent distributors and brand reps using PayAnywhere enjoy a low 2.69% fee for swiped transactions and the fastest payouts in the industry, with transaction funds typically deposited in merchant accounts within two business days. Its available on iPad, iPhone, iPod touch, Android and BlackBerry devices.

MoneyGram and PayPal Connect Online to Physical Commerce

MoneyGram announced a new global agreement with PayPal to easily access money in their digital wallets in the physical world. PayPal’s 117 million active account holders will now have the option to put cash in and take funds out of their PayPal accounts at MoneyGram locations. This agreement brings together the world’s leading e-commerce payment company with the world’s second-largest global money transfer company to give consumers a fast, convenient and secure way to easily get funds out of their PayPal account and put cash in via MoneyGram locations. Now consumers who do not have or use a bank account or credit card to fund and maintain a PayPal account, giving them access to e-commerce. In addition, for the first time, PayPal customers will have a global solution for putting cash into a PayPal account, and a global option to fund, withdraw, and send cash from a PayPal account.

Retail Merchants Have Positive Outlook on Holiday Shopping

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Chase Paymentech indicates 59% of e-commerce companies surveyed expect better sales volume this season than in 2011, while 47% expect it to be better than pre-recession levels in 2007. The Chase Paymentech eHoliday Shopping Monitor reveals expectations for the holiday shopping season among e-commerce companies across a variety of sectors. This…

Euroclear & SmartStream Launch Reference Data Utility

Euroclear Bank and SmartStream partnered to provide a centralized reference data utility service known as the Central Data Utility (CDU). For this, Euroclear Bank service will source securities data from data vendors as well as from data originators, such as central securities depositories and stock exchanges. Powered by SmartStream technology, securities data processed in the CDU will first be validated, cleansed of inaccuracies and then enriched before being relayed to clients in the precise format that the client has chosen, on an intra-day basis. This new service is unique in that it is available to market participants in the form of a centralised utility. CDU clients can benefit from a centralised and simplified process to access cleansed data from their chosen data vendors.

FreshDirect Implements Dynamics Credit Card Device

FreshDirect launched its grocer payments application for the battery-powered Dynamics ePlate credit card device, allowing consumers to earn credits towards their groceries with every purchase. When the FreshDirect experience™ application is selected on their ePlate device, a consumer will earn additional savings at FreshDirect, as they use their Dynamics ePlate™ credit card device for their everyday purchases. Consumers can sign up for a battery-powered Dynamics ePlate credit card device online and is subject to a credit approval. Connected to an ecosystem of experience providers that each delivers an individualized brand experience, through an experience™ application, to the consumer, “ePlate” lets users select different ‘experience’ applications.

Isis Expands mWallet Solution Westward

Isis mobile commerce JV between AT&T Mobility, T-Mobile USA and Verizon Wireless launched the Isis Mobile Wallet in Austin and Salt Lake City, allowing consumers to select from nine Isis Ready handsets. Users then download the Isis Mobile Wallet application from Google Play Load an eligible American Express, Capital One or Chase credit card into the Isis Mobile Wallet or get started with the Isis Cash™ card that comes in every Wallet. The devices can then be used where contactless payments are accepted.