Average credit card APRs did not experienced the typical post-holiday season plummet from January to February, holding at a steady 14.96% February average. Slightly higher than the 14.91% average measured the year ago period, the average credit card APR has settled just below 15%. This after a nearly 0.50% jump in October and hardly any…
Visa, in collaboration with mobile operators is set to demonstrate at the Mobile World Congress 2013 in Spain. Visa’s product showcase will provide attendees the NFC Mobile Payment Experience, for which it partnered with Telefonica, La Caixa and the GSMA to provide select Mobile World Congress attendees with a hands-on mobile payments experience. Also Visa and GSMA will release a new five-country study, “Unlocking the Potential: Women and Mobile Financial Services in Emerging Markets,” offering insights on how mobile financial services can better support the complex financial lives of women at the base of the pyramid.
One Point Financial (OPF) ATM operator partnered Huntington Bank, allowing the bank customers to access their accounts with no fee by using ATMs at 88 Go Mart locations. The new ATMs are in addition to the existing 31 Huntington branches and 53 Huntington ATMs. OPF finalized an agreement with Huntington to brand the ATMs. The first ATMs will be placed in Go Marts beginning in early March while all 88 are expected to be placed by mid-March.
Virtual Piggy safe youth payments announced the addition of WorldPay as a payment gateway partner. Virtual Piggy allows parents to set up a monthly allowance for their children and promotes financial management while empowering under 18’s to make purchasing, saving and other money management decisions for themselves. WorldPay is a major global leader in payment processing, handling an average of over 12 million transactions per day. WorldPay was the first UK bank to offer a full internet banking service and now operates in over 40 countries, making it one of Europe’s largest payment service providers. The company offers services across the entire payment value chain, including transaction capturing, merchant acquiring and transaction processing. The companies have completed the integration of their solutions, to which WorldPay brings 200 alternative payment mechanisms.
Computop payment service provider and SafetyPay online-banking payment solution allowing consumers to shop and pay directly from their bank account announced their strategic global partnership. Computop will now offer the SafetyPay solution on its “Paygate” payment platform, thus expanding its comprehensive range of secure payment options. SafetyPay allows those with an online bank account to shop and pay using their own currency from businesses. Now “Paygate” merchant customers can offer SafetyPay for secure online payment options.
Checkpoint Systems shrink management solutions, announced a new enhanced performance (EP) anti-theft EAS (Electronic Article Surveillance) food label for supermarkets that is certified to be microwave safe. The 4010 EP Food Label was designed specifically to protect fresh and frozen supermarket food. It has been certified as microwave safe and non-flammable by TUV Rheinland, an international service group that provides manufacturers with assessment and certification services to ensure product safety. The 4010 EP Food Label can be applied through high-speed source tagging at the point of manufacture, or through in-store tagging.
First Data electronic commerce and payment processing and TeleCash signed an issuing processing contract with VTB Bank (Deutschland) AG corporate and commercial bank. By this, First Data will provide VTB Bank (Deutschland) AG with issuing services for its new MasterCard corporate card portfolio which features a bespoke bankcard design and comprehensive insurance package. VTB Bank (Deutschland) AG will complete its service package for corporate clients, for which First Data will include technical processing of electronic transactions, operational services and fraud management services.
VeriFone Systems announced a 5 year comprehensive payment solutions and services contract with Galeries Lafayette department store chain. With this, Verifone will provide managed services, software, helpdesk and 3,200 “VX 820” advanced PIN acceptance devices that support credit, debit and EMV transactions to the chain store. Centric on Verifone “PAYware Wynid” end-to-end managed services platform, the partnership furnishes cross-border payments from the retailer’s international operation, along with encryption and tokenization services for a secure payments environment.
Fundtech global transaction banking solutions announced its service bureau has been awarded the SwiftReady Connectivity (Best Practice) Label by SWIFT. This recognizes the company as ‘best-in-class’ shared connectivity providers after having demonstrated its proficiency to meet operational requirements by undergoing a detailed on-site inspection and audit of their SWIFT infrastructure and premises by qualified SWIFT personnel. Moreover, its “SWIFTReady” connectivity label recognizes providers that meet higher standards of resiliency and security.