USA Technologies released new data collected from its 2012 Knowledge Base Study that highlights the business-building benefits of cashless payment adoption realized by USA Technologies’ ePort Connect vending customers. Most notably, the study revealed an impressive 84% increase in average annualized cashless sales in terminals that had adopted the cashless option for longer than one year compared to terminals using the cashless option for less than a year. USAT evaluated data over a two and one-half month period from approximately 57,000 ePort Connect® cashless vending terminals across 39 different channels or industry sectors and customer types. From the 57,000 connections studied, USAT compared a subset of 27,000 terminals where ePort Connect service had been live for greater than one year (the “Mature Subset”) to 30,000 terminals that were in early adoption stage or had been live for less than one year with a cashless option (the “New Installations” subset).
NCR Corporation announced a series of strategic acquisitions in the fast growing hospitality industry that will enable NCR to increase and strengthen its overall presence in Brazil. NCR acquired POS Integrated Solutions, a reseller of the NCR Aloha solution for restaurants and Wyse Sistemas de Informática Ltda., a market-leading provider of software solutions, including the Colibri suite of hospitality software. Radiant Distribution Solutions (RDS), a NCR Hospitality hardware distribution partner was also acquired. Terms of the deals were not disclosed. The combination of acquisitions with NCR’s existing hospitality business will enable NCR to increase distribution, add to the strength of its portfolio, open new market segments and deliver solutions that enable hospitality businesses to better manage sales transactions and drive productivity gains.
Citi is giving customers another way to get tickets to see their favorite music live through its Citi ThankYou Rewards. Members can redeem their “ThankYou Points” directly to purchase tickets to sought-after performances on LiveNation.com. Through Citi’s relationship with Live Nation and the Citi® Private Pass® program (www.citiprivatepass.com), customers already can enjoy exclusive ticket presales, preferred tickets, VIP experiences and access. Now, Citi ThankYou Rewards members (www.thankyou.com) can use their points to buy tickets to concerts at Live Nation venues.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Discover Financial Services posted a net income of $537 million in 2Q/12, down from the year ago figure of $600 million. Total loans, however, grew $4.5 billion by 9% to $57.1 billion, of which credit card loans grew $1.6 billion to $46.6 billion. Credit card loan delinquencies and net charge-offs reached…
The Western Union Company global payment services enhanced its Western Union “Speedpay” service to help billers meet growing consumer demand to receive electronic bills through smartphones and mobile devices. The enhancement was developed with eBill presentment specialist, Striata, and operates across multiple platforms and devices, including Android™, Blackberry®, iPhone®, iPad®. The Western Union Speedpay eBill payment and presentment, (EBPP), solution helps billers reach consumers who prefer to access their email from their mobile devices. The enhanced solution allows consumers to receive bills as a simple, secure email attachment that can be opened with just one click and 24-hour access to one-click bill payment processing.
i-design developer and supplier of ATM and self-service marketing solutions for the banking industry has signed a major contract with FDR Limited, a branch of First Data Corporation electronic commerce and payment processing, offering its “joono” marketing software solution. The joono software enables banks to deliver targeted product marketing to their customers while providing enhanced multi-media capabilities and the potential for third party advertising campaigns using atmAd, i-design’s media sales and campaign operations services. i-design will also be providing a fully managed end-to- end campaign activity service.
First Data Corporation electronic commerce and payment processing announced the extension of the First Data “OfferWise” solution to all offer publishers and the first wave of First Data’s network of more than four million U.S. merchant locations. Over 500,000 merchant locations are now enabled to leverage the OfferWise solution for customized offers programs and other electronic incentive solutions, with more than 100 publishers using the platform to develop innovative, card-linked services. This same group of First Data merchants generated tens of billions of dollars in transaction volume at the POS both online and in-store in 2011. The open platform simplifies the offer redemption process and creation of card-linked services for consumers and merchants. It allows offer publishers or application developers to electronically attach offers such as deals, eCoupons and loyalty programs to one or more of a consumer’s payment cards or mobile wallet to enable streamlined and automatic redemption of the offer at the point of sale.
The online, mobile, social and location-based payments network, supported by The Members Group (TMG), has been seamlessly integrated with Veridian’s online banking platform, thanks to Dwolla’s FiSync service. FiSync allows a credit union or bank to connect the Dwolla payment platform directly to the financial institution’s existing systems. The advantage for the financial institution is that the credit union or bank brand remains front and center as customers interact with Dwolla. The advantage for the financial institution’s customers is real-time movement of funds. In Veridian’s case, however, FiSync has gone a step farther. Veridian’s members will have access to Dwolla directly through Veridian’s online site without the need for an additional Dwolla sign-up. Members will be allowed to make Dwolla transfers to any Dwolla merchant or person (Veridian member or not) with an email address, cell phone number, through a social network (like Facebook and Twitter) or based on location.
AppCharge payment technology allows any iPhone, iPad, iPod Touch and many Android devices to function as a terminal, giving merchants the opportunity to accept credit cards virtually anywhere. Available in the iTunes App Store and Google Play, AppCharge features easy to use technology that’s supported by round the clock technical service, making it easy for merchants to process payments in real time at a trade show, at home, or anywhere business can be conducted.
Payment Alliance International (PAI) electronic payment processing and Panoptic Security Qualified Security Assessor for PCI Data Security Standard (DSS) compliance programs forged a strategic partnership to provide PAI merchants with access to an online PCI compliance portal. Panoptic’s ExpertPCI solution has been integrated into the PAI Secure program, PAI’s industry-leading PCI compliance and indemnification program, where participating merchants can now complete their PCI industry-mandated Self-Assessment Questionnaires (SAQs) and Network IP Scans online by using a guided step-by-step SAQ wizard.
The Multos Consortium announced Discover Financial Services, in partnership with Diners Club International, has joined its organization. The MULTOS Consortium is a group of international blue chip organisations responsible for the promotion and development of the MULTOS specifications. With this, Discover will participate in the MULTOS Business and Technical Advisory Groups, allowing them to play a prominent role in the development and growth of MULTOS.
Fiserv announced that SAC Federal Credit Union has chosen to implement its “Acumen” account processing solution, along with its “Nautilus” for document imaging, “Prologue” Financial Accounting Services, “AML” Manager for anti-money laundering detection and reporting, “WireXchange” and solutions for ATM processing from Fiserv. SAC FCU is the largest credit union in Nebraska. Over the past several years, the credit union has grown rapidly and is now serving more than 70,000 members through a variety of channels, including 20 locations in eight counties. The credit union selected Acumen to provide the technology foundation for the credit union’s information infrastructure in order to improve efficiency, facilitate the delivery of new services and provide a superior experience to its members. Acumen is the newest choice in account processing for credit unions from Fiserv and features an open architecture, advanced functionality and superior ease of use, plus the ability to cost-effectively scale as credit unions grow.