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 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.
ElectraCard Services (ECS) electronic payments solutions made available prepackaged, functionally rich, high performance payment switch. The integrated solution meets the needs of financial institutions, local Independent Service Organizations (ISO), retailers and merchant processors and enables them to more quickly adapt to innovation in their markets. ECS ‘Payment in a Box’ bundles HP Integrity NonStop servers and electraSWITCH iTx series to deliver high reliability, extreme scalability and superior price performance. The integrated solution is based on the newly introduced HP Integrity NonStop NS2100 server, allowing customers who require a mission-critical application environment to extend the reliability of NonStop fundamentals at a lower price point.
Earthport cross-border payments service provider and ebpSource electronic bill presentment and payment forged agreements by which ebpSource will offer cross-border payments solutions to its customers. This is in response to the growing demand from organisations for strategic international payments solutions to complement what they are doing on a national level. ebpSource delivers software solutions, consultancy and support to global billers, banks, payment processors and outsourced service providers. ebpSource is also master international distributor for a number of market-leading e-billing and payment technologies. The collaboration with Earthport will provide these organisations with better options for international payments products and the ability to quickly launch competitive white label services internationally.
Dynamics payment devices is set to announce its “ePlate” credit card device at Aria Resort + Casino in Las Vegas. It will launch with financial partners as well as content partners. The consortium will discuss and demonstrate the unique benefits and functionality of the ePlate™ credit card device. Dynamics was founded in 2007 and produces and manufactures intelligent powered payment cards and advanced payment platforms. The company has won many of the world’s most prestigious international business plan competitions, including the Rice Business Plan Competition, Carnegie Mellon McGinnis Venture Competition and the University of San Francisco Business Plan Competition.
First Data launched its “Rapid Connect” technology layer that enables simplified integration to First Data. This provides software developers and direct-connect merchants a streamlined way to create, test, certify and deliver payment-rich applications all through a single interface to enable customers to pay any way and anywhere they choose. It ultimately provides development and testing tools to allow developers and First Data merchant partners to easily manage payment interfaces and self-certify, saving time and cost. This includes a web-portal, easily accessible online certification management, tailored developer tool-kits, a robust development Sandbox, a universal message format, specialized support resources and a framework that will support ongoing innovation.
Visa and Chexar launched a network platform to digitize traditional banking services for consumers, allowing Visa prepaid users to deposit paper checks to their reloadable Visa prepaid card using their mobile device by snapping a photo of a paper check. Powered by Chexar’s technology, including its remote deposit capture platform, the service provides Visa cardholders with immediate access to funds on their Visa prepaid card, enhancing convenience and security and reducing costs for consumers. Prepaid cardholders with RushCard, AccountNow and Plastyc, as well as select FSV Payment Systems cardholders, will be able to enroll their Visa prepaid card, and immediately begin making remote deposits. As consumers move between devices and deposit channels, their prepaid account now moves seamlessly with them and works reliably from any device.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Just as U.S. credit card delinquency has dropped to an all-time low on the Fitch 60-day Delinquency Index to 1.76%, average credit card APRs now sit at the exact average measured in October 2011, once again at 15%. Delinquencies are down to their lowest level on the Prime Credit Card Index…
TSYS partnered Truaxis, a MasterCard company, to make available transaction- and behavior-specific marketing offers. The new offering integrates cardholder spending patterns and behavior with an innovative platform that delivers personalized rewards, offers, loyalty incentives and other services to the end consumer. A recent study by Aite Group found that 45% of consumers are interested in receiving daily deal offers from their primary financial institution and by 2015 more than 460 million U.S. cardholders will subscribe to merchant-funded incentive programs.
Experian announced an international partnership with iovation to further enhance Experian’s global fraud prevention capabilities. iovation’s advanced device recognition software, its dynamic referencing and device reputation checks will increase the reach and effectiveness of Experian’s identity verification and fraud prevention services. iovation enables clients to assess the likelihood of transactions being fraudulent based on the device from which an application is made. Its sophisticated real-time risk assessment analytics stops some 150,000 potential online fraud attempts each day. Experian’s range of identity verification and fraud prevention tools, iovation’s ReputationManager 360 analyses the past and current behaviour of more than one billion devices to identify and re-recognize devices logging into an organisation’s website in real time.
On Track Innovations announced receipt of orders valued at approximately $2.0 million for its NFC and contactless payment readers, which it plans to deliver part of to its customer in 2012, and the rest in 2013. OTI’s NFC and contactless payment readers provide a cost-effective plug-and-play solution for businesses across the globe. These lines of NFC and contactless payment readers support the increasing adoption of NFC payment technology by retail stores, vending machines and other points of purchase. OTI’s NFC and contactless payment readers are certified by major credit card associations – including MasterCard, Visa, American Express, and Discover – for their contactless programs.
iKaaz mobile payments solution provider launched its iKaaz mobile payment platform for enterprises. The iKaaz Consumer Wallet for Enterprises allows enterprises including banks, operators, and merchants to offer mobile wallets convenience to their customers for quick and easy payments. Meanwhile, the iKaaz M-POS solution allows merchants to replace expensive POS equipment with just a mobile phone that settles payments electronically. With the iKaaz Tap & Pay solution, that leverages NFC technology, merchants can receive payments from customers with just a tap of a phone at the checkout terminal.