Chase Card Services forged a partnership with Pandora radio service to bring summer-themed music to listeners from June 20 to September 4. In addition to 14 new summer-themed genre stations, listeners can experience the “Sapphire Summer Sounds” radio station, which brings the Chase Sapphire brand to life in an easily accessible playlist. During the launch of the partnership on June 20, Pandora listeners will enjoy a full day of limited interruptions and more music with only one advertisement per hour on the Pandora web platform, courtesy of Chase Sapphire.
ii2P, a leading provider of help desk productivity optimization and secure password management solutions, products and services, announced the widespread availability of the company’s new mobile POS payment platform. ii2P’s comprehensive on site payment solution is specifically designed to enable the processing of WIC EBT cash voucher benefits, SNAP (Supplemental Nutrition Assistance Program) benefits, as well as commercial debit and credit cards for Farmers’ Market Associations (FMAs) across the state of Texas and the United States. The ii2P POS solution for state government administered programs is designed specifically for farmers’ markets and temporary, outdoor venues that may lack readily available electricity, and have limited telephone access.
Oberthur Technologies completed its acquisition of the mobile payments company MoreMagic. This partnership will create a comprehensive suite of mobile commerce and financial services solutions including a secured mobile wallet infrastructure and NFC end-to-end offer. This will help mobile operators, financial institutions and other non-telecom service providers to offer innovative services such as P2P transfers, mobile banking, proximity and remote payments. MoreMagic’s offer will be part of Oberthur Technologies’ solutions portfolio and will be available through its global sales network.
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.
Square launched new features today for Square Register and Pay with Square that further deepen the relationship between buyers and sellers. Square allows business owners to create rewards programs that both attract new customers and make existing customers return, again and again. With more than two million individuals and businesses able to accept credit card payments with Square across the United States, Square is focused on providing the tools people need to grow and manage businesses. Square Register users are five times more active on a weekly basis than Square Card Reader users and they process approximately 2x more revenue. Square’s latest offering will allow participating merchants to give regular customers VIP treatment starting with the first visit. Customers will be able to store cards from their favorite Square businesses and keep track of progress towards rewards.
[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.