Of the total $2.45 trillion in outstanding US consumer debt, total outstanding revolving credit dropped in July from $795.9 billion to total $792.5 billion, the first drop in 2 months. This compares to the June figure of 795.9 and is consistent with trends over the past 2 and half years showing revolving consumer credit plummeted…
VeriFone has integrated Hypercom international distributors into the VeriFone International Partner (VIP) program, giving distributors access to support resources and a wide array of technology to enhance their ability to deliver the latest payment solutions to their markets. Having completed the Hypercom acquisition August 4, Verifone is now aggressively welcoming Hypercom’s international distributors into the VIP program and work with them to accelerate international growth, increase innovation and build value. VeriFone has revealed plans to grow and enhance all major product lines that existed prior to completing the acquisition and bolster them with the strong VeriFone global brand identity. The VIP program offers Hypercom distributors a wide range of services including in-depth product and sales training and web-based access to exclusive strategic, product and technology information.
mPay Gateway signed agreements with MasterCard Worldwide to expand MasterCard acceptance through support of mPay Gateway POS. mPay Gateway’s point-of-care patient payment software calculates what the patient owes, authorizes payment at the time of service, and automatically collects the outstanding patient obligation after the insurer has settled the claim, eliminating the expensive and laborious statement process. mPay Gateway makes it simple for healthcare providers to accept card payments as a standard operating procedure. The company’s software also helps healthcare providers improve cash flow through faster receipt of funds while offering their patients an easy, convenient and secure way to pay for services.
USA Technologies wireless, cashless payment and M2M telemetry solutions for self-serve retail industries, announced its “ePort Connect” Service in August processed a new high of 8.4 million transactions representing $14.1 million in small-ticket transactions, increases of 81% and 71%, respectively, from August 2010. The Company also reported that on September 6, 2011, it set a single day record by processing 375,000 transactions. These latest milestones put the Company on an annualized run rate of approximately $170 million in processing volume. The “ePort Connect” enables self-service terminals, such as vending machines and kiosks, to accept credit, debit, new contactless cards and other cashless forms of payment, handles all elements of transaction processing, and allows customers to monitor and manage their terminals online – all with the highest level of data security.
Visa announced its Group President – Americas, is set to participate in a panel discussion titled “The Future of U.S. Debit” at the Jefferies 2011 Electronic Payments Summit in New York on September 20. The discussion is scheduled to begin at 12:45 p.m. Eastern Time and last for approximately 40 minutes, for which a listen-only audio webcast and replay will be accessible for 30 days on the Investor Relations web site at http://investor.visa.com.
MoneyGram International is set to present at the Goldman Sachs Financial Technology Conference on September 13 in New York. The conference will bring together financial technology companies to communicate goals and strategies to equity and debt investors focused on the financial technology space. Presentations will be given by each financial technology company and offer direct access to key investors through one-on-one discussions scheduled throughout the day.
A1 Charge credit card processing is set to attend the Value Merchandise Expo in New York at the Javits Center until the 13th. With B2B Soft, A1 Charge will be exhibiting a host of retail business solutions. A1 Charge’s merchant services offer retailers and other businesses multiple processing options and support a wide variety of terminal and software solutions. Merchant setup with A1 Charge is stress and hassle free: superior service, great low rates, free machines, and high approval ratings. A1 Charge easily integrates with and can accommodate any point-of-sale system used, and is pleased to offer full integration with the new Retail Management Platform, Retail Time, created by B2B Soft.
Merchant Warehouse secure payment processing solutions and merchant account services is set to host its second annual agent conference to provide its independent sales agents with the knowledge and practical skills to become more successful in the field. The conference will be held at the Lenox Hotel in Boston on Sept. 12-13, 2011, and will feature panels, motivational speakers, updates on regulations and security standards from the perspective of industry professionals. Additionally, Merchant Warehouse co-CEOs Henry Helgeson and Scott Zdanis will address the conference prior to the start of each day’s session.
BetHalf is integrating online e-wallets MyPayLinQ and PICClub to provide customers alternative payment options through Visa, MasterCard, Citadel, Western Union, Money Gram and UKASH for purchasing group-buy deals. BetHalf provides players a better product and service by creating a platform that groups ‘similar buyers’ into one online gaming deal. This is the same method Groupon and LivingSocial use to assure that merchants are able to increase product and service sales at a lower CPA and price point. BetHalf sought to find a superior processor, one with the ease of an e-wallet that could fulfill customer purchase transactions and one that would function in many countries.
Café TwoCann implemented YESpay “EMBOSS” cards payment solution, to help it achieve operational efficiency and savings in time and money by using a fast and reliable payment processing service. The owners chose to switch to YESpay’s EMBOSS managed payment service thanks to the integral aspect of the payment solution to their POS. Namely, the Cafe installed the “EasyV-Hospitality,” providing more accurate card sales, speedier authorisation, user-friendliness, less errors in taking card payments. Debit or credit card payment checkout is no longer an issue as YESpay’s payment service fulfills end-to-end authorisation requests in less than 5 seconds.
HSBC Merchant Services launched a new service to help businesses ensure that their customers’ transactions are secure against fraud. The new service has been developed to help merchants comply with a set of minimum security requirements mandated by Card Schemes such as Visa and MasterCard. The new security requirements have been put in place to ensure that all the Card Schemes customers’ card transactions are adequately protected against fraudsters, who are increasingly focusing on small businesses. These requirements, the Payment Card Industry Data Security Standard (PCI DSS), are mandatory and non-compliance can result in large fines from the Card Schemes and merchants’ payment providers.
infin Payment SMS permits processing SMS payments for any amount by using an innovative multi-step procedure. Consumers will love quick and anonymous payment via SMS even more. The newly developed multi-step method accurately processes any amount to the exact cent. infin-Payment SMS being a quick, easy and safe payment method, vendors were demanding higher amounts payable via SMS. Some internet content vendors already collect amounts of 50 Euros and more via infin-Payment SMS. infin provides combinable services in online payments on the internet; AudioTex; E-Mail-NewsLetter; and MassenFax / FaxEmpfang / FaxPerMail / FaxAbruf.