Staples, Orbitz, USA TODAY, La Quinta Inns & Suites and Box.net are the latest companies to have joined the Visa “SavingsEdge” small business savings program. With recent Visa Business research having indicated 52% of small business owners listed cash flow as a primary concern, the Visa “SavingsEdge” helps small businesses save money by providing automatic discounts on qualifying purchases made with an eligible, enrolled Visa Business payment card. Small business cardholders that participate in the program currently have access to savings with merchants at over 14,000 physical retail locations, in addition to discounts at 50,000 hotels through Orbitz. With these agreements, Visa “SavingsEdge” offers users 5% off purchases of $100 or more at Staples and Staples.com; 5% off rooms booked on Orbitz.com; 10% off USA TODAY subscriptions; 5% off completed stays at La Quinta Inns & Suites; and 15% off Box.net Cloud Content Management Solution.
CA-based merchant account processor USAePay has launched the “PaySaber”
mobile credit card processing app for
iPhone or iPod touch. The unit connects with the iPhone /iPod touch
to accept mobile payments anywhere, anytime. PaySaberâs built-in
encrypted card swiper ensures all transactions are safe and secure. The
device works with the USAePay PCI certified payment gateway, which
stores all of the data securely. The swiper reads level 1 and level 2
which is then encrypted at the time of swipe and sent over to the
payment gateway for processing. Swiping a card insures better
transaction fees and chargeback protection.
PaySaber POS system for retail environments allows for quick order
fulfillment with barcode scanning. The “PaySaber” software provides the
ability to control a
complete inventory of products and can either email receipts to customers
after capturing an image
of their signature and/or print a receipt on-site for the customer
through its integrated thermal printer.
Platform as a Service payment solution provider
Aliaswireâs DirectBiller has been selected by WI-based M&I bank to offer
electronic bill presentment and payment solution for its business clients.
M&I Bank is using DirectBiller to enable business clients of all sizes to present bills
online and collect electronic payments using a hosted platform that
provides customer flexibility while meeting the highest security
standards. M&I Bank business customers can choose from an array of
configurations, receive comprehensive reports, and take advantage of
rapid time-to-market while offering end-customers multiple options for
accessing and paying bills, including by Web, phone, or agent. M&I Bank holds $57.2 billion in assets.
Now through May 30, Best Western Rewards loyalty program members who stay two times will earn a $50 Best Western Travel Card for use like cash at any of the chainâs 4,000 global hotels. Best Western is also offering a 250-point bonus for those who book their stays on www.bestwestern.com and a 1,000-point bonus for those who pay for each of their qualified stays with the Best Western Rewards MasterCard credit card. Elite members of Best Western Rewards who register and complete two qualified stays during the promotional period also are automatically entered into a sweepstakes to win 100,000 Best Western Rewards bonus points. Members also have the option to complete two stays at any Best Western hotel during the promotional period, and an additional stay over the summer, to earn 1,250 Bonus Aeroplan Miles. On top of the 250 miles they already earn on each stay, this option offers a total of 2,000 Aeroplan Miles after with just three stays.
Identity theft prevention provider Intersections has teamed with ITAC to enhance the “IDENTITY GUARD” product
suite with a more robust identity theft recovery
service. An exclusive feature of ITAC Victim Assistance that will now be
available to IDENTITY GUARD(R) customers is the electronic notification
to all ITAC Member companies, primarily banks, that alert them of
suspected fraud. ITAC, the Identity Theft Assistance
Center, is the national advocate for identity theft victims and a
leading voice on identity policy. A nonprofit supported by financial
services companies, ITAC is dedicated to protecting all consumers
through education, research and the criminal prosecution of identity
crime. ITAC created the first national identity theft resolution network six
years ago for financial services companies that offer it as a free
service for their customers. Recognized for its innovative
public/private solution to identity theft, ITAC and its dedicated team
of identity theft recovery professionals will add significant value to
the IDENTITY GUARD product suite.
Veritec two-dimensional matrix technology and developer of mobile banking debit card solutions and WY-based iNet Team have signed a marketing agreement to market the “blinx ON-OFF Card” to the under-banked. The Veritec “MTC” and “blinx ON-OFF” Card Programs allows card issuers and sponsors to provide private branded debit or gift cards to individuals with or without an acceptable credit history. The “blinx ON-OFF” card features allow card toggling on/off, real time money transfer, and card activities notifications, providing cardholders security and convenience while traveling, managing funds, and transferring money from card to card or account to account in real time. The Veritec Card Programs on the mobile banking platform are connected to Security First Bank of Fresno, California.
For the quarter ended February 28, 2010, Global Payments revenues grew 11% to $398.5 million compared to $359.5 million in the prior year. Diluted earnings per share from continuing operations grew 35% to $0.58 compared to $0.43 in the prior year. Solid revenue and diluted earnings per share growth of 6% and 18%, respectively, demonstrates strong financial performance driven by steady growth in our U.S. ISO channel, continued successful execution in our international businesses and a better than expected effective tax rate. GPN offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services.
At the NACHA PAYMENTS 2010 conference in Seattle, WA on April 26-27, Online Banking Solutions (OBS), will hold private demonstrations of its recently launched ACH and Wire payment initiation services. The new service completes its Messenger Financial Center offering, a Web 2.0 cash management and business banking portal based on Online Messenger. OBS provides next-generation cash management and revenue-generating business banking solutions for banks, including eight of the top 50 U.S. commercial bank holding companies. OBSâ Messenger Mobile Services allows banks to leverage and deliver the new Payment Services through the mobile channel as well as other licensed delivery channels.
The Smart Card Alliance 2010 Annual Conference will address âSmart Cards in Action,â
focusing on the issuers and users
of smart card technology in payments, security, and mobile markets,
Attendees of the Smart Card Alliance 2010 Annual Conference
can look forward to learning about use cases and best practices with
keynote speakers and plenary sessions on hot topics like mobile payments,
cybersecurity, banking and healthcare security, identity credentialing
and fraud. The remainder of the conference program will be divided into two tracks:
the /Identity& Security/ track, and the /Payments& Mobile/ track.
Each will feature individual presentations, panels, and roundtable
discussions about how issuers and end users utilize the security and
data management capabilities of chip technology to enable secure digital
transactions â over the Internet, in retail stores, in transit centers,
on mobile devices, and in government and commercial enterprises.
Monitise Americas mobile banking and payments provider has made available its white paper, âThe Critical Mobile Banking Decisionâ. Examining how mobility should be regarded as a strategic solution that can offer a solid return on investment, the white paper makes the case for selecting a provider that can offer a proven, integrated system supporting a long-term growth vision. It also covers Perceived Challenges of Adopting a Mobile Banking Platform; The Advantages of a Strategic Approach; The Key Requirements for a Strategic Mobile Banking Solution; and Case Study: H&R Block leverages mobile applications to help underbanked consumers manage their prepaid card accounts. The report can be seen at http://www.monitiseamericas.com/white_paper.
Chigao-based Card Activation Technologies
has filed lawsuits against 10 major retailers. The retailers include
Fashion Bug, Lane Bryant, Nordstromâs, Blockbuster and Macyâs for patent
infringement. The case was filed in the United States District Court for
the Western District of Missouri.
CAT is actively seeking to license its technology to the thousands
of current users and believes that many retailers, gas stations, phone
companies and others that utilize those stored value cards, such as gift
and debit, infringe its patent. As a result, the company is aggressively
pursuing litigation against these infringements.
Non-cash wireless transction provider USA Technologies has increased the devices connected to
its network to over 73,000 as of March 31, 2010, compared with the 71,000
devices in its strategic plan. The Companyâs financial results for the quarter ended March 31, 2010
will be reported in the Companyâs Form 10-Q which the Company
anticipates filing with the Securities and Exchange Commission by no
later than May 14, 2010. USA Technologies provides networked credit card
and other non-cash systems in the vending, commercial laundry,
hospitality and digital imaging industries with agreements
with AT&T, Visa, MasterCard, Compass and others.