While the seasonally adjusted revolving consumer credit outstanding was up 2.9% since the year ago figure, compared to a 3.8% drop the month prior and a 2.3% drop for the entire quarter, consumers are definitely breaking out the plastic more as the summer months approach and prices climb at the pump. Even though Americans are…
ControlScan PCI compliance solutions now offers small- to mid-sized merchants its “Security Consulting Services” for achieving and maintaining PCI compliance. The “Security Consulting Services” are divided into “Security Assessment Services,” to satisfy the PCI DSS, and “Security Engineering Services,” to provide technical testing and guidance to clients, all of which is supported by a team of Qualified Security Assessors (QSAs) and security consultants with more than twenty years experience delivering PCI advisory and remediation services. Additionally, the ControlScan “PCI Dashboard” enables ISOs and acquirers to easily view the compliance status of their entire merchant portfolios at a glance.
VeriFone Systems and MICROS Systems integrated restaurant management systems with smart mobile devices allowing consumers to pay at the table with electronic wallets on mobile phones with NFC. Facilitating traditional payment cards and other mobile applications, the payment technology will allow restaurants to accept the emerging wave of NFC-enabled applications for payment and redemption of electronic coupons/promotions. The VeriFone “PAYware Mobile Enterprise” mobile POS system securely accepts payment transactions and utilizes VeriFone services to interface with MICROS table management and order management solutions as well as the card payment networks. PAYware Mobile Enterprise incorporates a PCI-approved PIN debit keypad to allow merchants to leverage lower transaction costs.
Mocapay mobile consumer engagement has expanded its relationship with Dazbog Coffee to ‘mobile enable’ 21 of the Coffee Retailer’s locations in Colorado and Wyoming. Through a mobile gift card program, there is no physical card to misplace and consumers can more efficiently manage their purchases. In addition, merchants can send messages, through Mocapay’s mobile marketing engine, alerting customers of their balance and encouraging them to visit a particular location. Mocapay is a mobile platform for merchants offering an integrated marketing and sales solution to enhance the lifetime value of a customer.
The Chairman and Chief Executive Officer at Heartland Payment Systems payments processor is set to host an educational session at the upcoming NRA Hotel-Motel Show in Chicago. Helping restaurant operators understand interchange reform and payment card data security, the CEO will be joined by the President and Chief Executive Officer of the Retail Solutions Providers Association (RSPA); Payments Consultant to the National Association of Convenience Stores (NACS); Director, Emerging Technologies Advisory Service at Mercator Advisory Group; and Owner of Main Street Companies.
ProPay Merchant Services, End-to-End Payment Security, credit card processing and electronic payment services announced its “Zumogo” Social-M Payment application is the winner of the 2011 ETA Technology Showcase Challenge. The “Zumogo” platform allows merchants and consumers to connect and locate merchants, engage in dialogue with merchants, find events and deals, and make payment all from their Smartphone. ProPay entered “Zumogo” into the Technology Showcase Challenge along with several other participants during ETA’s 2011 convention, for which “Zumogo” received an overwhelming majority of the votes. The new mobile payment technology allows Smartphones to be used as a payment device and a social technology.
The National Retail Federation launched a major nationwide 60-day lobbying, grassroots and media campaign to ensure the federal law saving retailers and their customers more than $1 billion a month by lowering “swipe” fees banks charge to process debit card transactions takes effect in late July as scheduled. A provision in last year’s Wall Street reform bill will reduce the fees by an estimated 70 percent, saving about $14 billion a year that retailers plan to pass along to their customers through discounts or other benefits, but the credit card industry is spending millions to delay the reform. NRF’s multi-pronged campaign will include an intensive grassroots campaign mobilizing retailers from across the country through NRF’s members, members of its National Council of Chain Restaurants (NCCR) division, and state retail associations; a June fly-in with hundreds of business owners in Washington to meet with members of Congress and urge that the reforms go through as planned; an aggressive media relations campaign including media briefings and interviews with national and local news outlets, and nationwide placement of op-eds and letters to the editor; a nationwide print and radio advertising campaign including inside-the-beltway print and radio ads and hundreds of thousands of dollars in radio ads in key markets nationwide; leveraging social media and viral video to educate legislators and the public; and providing a platform for merchants and consumers to get involved through a new web resource center (www.nrf.com/swipefees).
FIS banking and payments technology announced Country Club Bank has signed a seven-year agreement for its Integrated Banking Services (IBS) core account processing solution, along with the FIS Mobile Banking, Connections and Payment Manager. Critical to Country Club Bank is the personalized quality of relationship banking, the range and ease of products offered through FIS supports this priority. FIS is a leader in the core processing market and offers solutions for credit unions, thrifts, commercial, retail and bankers’ banks of every size in more than 25 countries. Its solutions meet the unique demands and attributes of each market segment, providing the resources to maximize growth, increase productivity and mitigate risk.
Zaarly location-based, real-time commerce platform, officially launched to help put buyers at the center of transactions by allowing them to make requests for the things they need from people in their own communities. When a buyer posts a request to Zaarly ” whether for food delivery, the latest tech gadget or reservations at the hottest restaurant in town ” people in their community who have what they are looking for can provide it. This two-way, community-powered process provides convenience and flexibility to buyers while allowing sellers to make money fulfilling requests from the people around them. Users post what they’re looking for and how they’re willing to pay for it. The request is then shared in the local community through the Zaarly platform, for which people or businesses nearby connect to fulfill the request. Epayment id fulfilled with Zaarly’s integrated credit card payment system on a safe and secure platform.
MoneyGram International announced all proposals submitted for a vote during the Special Meeting of MoneyGram International shareholders held received shareholder approvals. The proposals were related to the previously announced Recapitalization Agreement entered into by MoneyGram International, Inc., affiliates and co-investors of Thomas H. Lee Partners, L.P. and affiliates of Goldman, Sachs & Co. and related amendments to the Company’s charter documents reflecting proposed changes agreed in the Recapitalization Agreement. Following the shareholder vote, the Company today also completed the recapitalization transaction contemplated by the Recapitalization Agreement.
Bank of America announced an ambitious new goal to reduce its absolute greenhouse gas (GHG) emissions by 15 percent from 2011 to 2015, based on its 2010 baseline. This goal spans all of the company’s global operations in more than 40 countries and builds on its previous GHG reduction of 18 percent between 2004 and 2009, which had focused on legacy Bank of America operations in the U.S. Factoring in the addition of Countrywide and Merrill Lynch, the new target represents an overall global reduction in aggregate GHG emissions of more than 30 percent from the 2004 baseline. This is equal to annual emissions of more than 700,000 metric tons CO2-equivalent or said another way, equal to eliminating the annual GHG emissions from more than 124,000 passenger vehicles. Bank of America also announced that 20% of its corporate workplace real estate portfolio will be certified under the U.S. Green Building Council’s LEED(R) (Leadership in Energy and Environmental Design) rating system by 2015.
PCCW mobile customers in Hong Kong will soon be able to top-up their mobile account directly and securely via a new app from their smartphone following a collaboration with Monitise, the leading enabler of Mobile Money solutions, and its local partner Jetco (Joint Electronic Teller Service Limited). Leveraging its connection to JETCO, which provides payment services to the majority of banks in Hong Kong, Monitise Asia Pacific has entered into a landmark deal with Hong Kong’s PCCW mobile to offer customers the ability to recharge any prepaid PCCW mobile from their smartphones. The tie-up sees PCCW mobile become Monitise Asia Pacific’s first customer in Hong Kong, with the debut mobile top-up service due in the coming months. The new app will enable users to top-up their own prepaid voice and data plans and those of their friends and family.