FSV Payment Systems will provide payroll card services for McDonald’s U.S. company-owned restaurants. The companies are working together to create a payroll card program specifically for employees of McDonald’s U.S. company-owned restaurants that delivers both value and a suite of card features, including a cash back rewards program, text/email notifications and access to money quicker and easier than paper checks, as well as providing a resource for basic financial literacy.
Oracle’s Retail Mobile POS was developed using the Verifone “PAYware” Mobile Enterprise solution and software development kit. The “PAYware” Mobile Enterprise for Tablet and Touch incorporates an encrypted card reader and bar code scanner for use with iPod touch and iPad. The mobile solution can integrate with existing POS infrastructure and supports most forms of payment acceptance, including NFC and EMV, in addition to regular magnetic stripe credit and debit cards. PAYware Mobile Enterprise works with all forms of electronic payment including magnetic stripe, chip and PIN, and contactless/NFC-enabled cards and phones.
Fiserv announced that Chicago-based Oak Bank has implemented its “Premier” bank platform and outsourced processing services. Oak Bank is also implementing Fiserv’s CheckFree® RXP® and CheckFree® Small Business for bill payment, Mobiliti™ for mobile banking, Business Online™ and Retail Online™ for online banking, Branch Source Capture™ and Merchant Source Capture™ for check capture, Business Process Manager for new account and process management, Fiserv® Clearing Network for image exchange and solutions for debit card processing. Mobiliti will give the bank robust mobile banking and payments functionality across a range of devices and networks. Retail Online and Business Online will provide the bank’s consumer and corporate customers with real-time account information, financial management tools and anytime, anywhere online banking.
EMV/smart payment card volumes increase with Latin America a particular migration hot spot in 2012, the U.S.’s impending move to EMV, and China’s migration to its PBOC 2.0 standard. Collectively these regions shipped in excess of 330 million smart payment cards in 2011, forecast to increase to over 1.5 billion in 2017. The U.S. now looks certain to migrate, although no official nationwide mandate has been set, mandates in liability shift from Visa, MasterCard, Amex, and Discover all support the adoption of EMV. Financial institutions in the region have been quick to react with approximately 19 to date committing to EMV migration. Forecasted payment card data is split into smart and mag-stripe applications with further granularity supplied for smart cards with all data broken down by product and technology type.
Citibank announced a new paperless solution, allowing electronic ATM receipts delivered to a designated personal email account. Currently available on all Citibank branch ATMs, this eliminates the need for paper receipts and provides an easy way to track ATM transactions. Customers who make deposits and withdrawals through Citibank’s branch ATMs will find the new option on the transaction record screen. Customers can have their receipt emailed to a personal email address; printed with a copy of a check; print receipt without a copy of the check(s); or have no receipt.
Regions Bank launched apps for iPhone, Android and BlackBerry, upgrading its mobile experience with faster products and a streamlined user experience. This includes access to Regions’ complimentary Cashback Rewards program, allowing all checking account customers to activate special merchant offers, make purchases at those merchants using their Regions Visa CheckCard and get cash deposited directly back into their checking accounts. Customers now can see all new and existing cash back offers available to them; activate new offers from anywhere using their mobile device; and keep abreast of cash earned through the program.
EZ-Link card issuer is now using Wirecard Group’s mobile top-up service via its NFC mobile application, letting consumers to make NFC payments at the POS. Wirecard supports the process for consumers to conveniently add money to their EZ-Link purse on the go, simply using their NFC-enabled phone. EZ-Link has issued more than 12 million CEPAS-compliant cards, which is a contact-free e-Purse application. The EZ-Link card is accepted at a rapidly expanding network of acceptance points across the country.
MoneyGram and Gemalto digital security partnered to launch MoneyGram services on Gemalto’s “LinqUs Mobile Money” solution. With this, MoneyGram’s money transfer platform will be integrated with Gemalto’s LinqUs mobile payment platform solution, allowing customers to send international transfers from a mobile phone to one of MoneyGram’s 284,000 locations worldwide or receive transfers directly to their mobile wallet. Gemalto Mobile Financial Services clients, including banks and mobile operators, will be able to connect directly to MoneyGram’s global network and offer convenient and secure mobile remittance services.
Dynamics next-generation payment cards won Best of Show at FinovateFall 2012 with its Triple Interface next-generation payment device, based upon a vote of more than 1,100 financial executives attending the show. Dynamics’ Triple Interface™ product is the first payment device to centrally tie together all three primary payment technologies on a single piece of plastic and in a re-writeable format. For magnetic stripe readers, a card-programmable magnetic stripe – Dynamics’ proprietary Electronic Stripe™ – is included, which can re-write any bit of the magnetic stripe at any time. For EMV contact readers, a card-programmable chip – Dynamics’ proprietary Chip and Choice™ product – is included, which can re-write a contact chip profile at any time. For EMV contactless readers, a card-programmable contactless chip – Dynamics’ proprietary Chip and Choice™ contactless product – is included, which can re-write a contactless chip profile at any time.
Panini global payments solution launched several major initiatives to accelerate growth and leverage its market position as the world’s leading provider of check truncation solutions. The company has experienced exponential growth and plans to extend this trajectory via a coordinated set of strategic activities. Panini has launched a new Product Business Unit to be led by Marisa Campagnoli, an experienced technology and solutions professional who held successful roles at Hewlett Packard and has a track record of achievement during her four years at Panini. The Product BU will help accelerate Panini’s transformation from hardware manufacturer to solutions provider by facilitating market sensing and solution commercialization activities in close collaboration with Sales, Marketing, and R&D. Marisa will report directly to Panini’s CEO, Nicola Aliperti.
American Express has unveiled a series of partnerships designed to create seamless and engaging shopping experiences for consumers that turn unique, curated content into commerce. Timed to the launch of the fall fashion season, American Express is enabling digitally minded shoppers to Fancy, Like and Sticker to find inspiration, connect to fashion and, exclusively for American Express Cardmembers, receive benefits, offers and experiences. In partnership with The Fancy, American Express has created a first-of-its kind brand channel curated by tastemakers and fashion industry insiders that will feature an offer exclusively for American Express Cardmembers. Cardmembers who sync their eligible American Express Card at Sync.AmericanExpress.com could get $20 back on their next purchase of $100 or more on The Fancy.
MasterCard & Citibank launched the PremierMiles and Rewards cards. The PremierMiles USD card for affluent frequent travelers, will be exclusive to MasterCard. Citibank is the first bank to be granted a stand-alone issuing license in China, and last month became the first global bank to issue credit cards in the country in this manner, marking a breakthrough for Citibank. Other foreign banks will need to apply and be approved by the Chinese regulatory authorities if they want to issue credit cards in China on a stand-alone basis. Rewards Card is targeted to the mass affluent and emerging affluent segment of value seekers who are looking for the best deals and maximizing returns from everyday spending.