Paper checks continue to fall out-of-favor in the USA, The volume of checks cleared through the Federal Reserve System declined 3.1% in the third quarter, following a 6.0% decline one-year ago. The latest figures show only 1.481 billion checks cleared in the third quarter of this year, compared to 1.609 billion one-year ago. Five years…
NCR Corporation today unveiled NCR Cloud Connect: a powerful, cloud-based ecosystem of digital services for retailers. The innovations offered to retailers as part of the NCR Cloud Connect ecosystem will be provided by both NCR and a growing roster of innovative technology companies. As a result of the digital explosion, retailers are increasingly turning to new and innovative technology services to better engage consumers. According to a recent study by Retail Systems Research, 48 percent of retailers recognize that they must do more to incorporate digital and online experiences into stores. The challenge many retailers have experienced to date has been finding the best solutions to implement and making them as effective as possible in their existing retail environments.
AGNITiO and fellow FIDO Alliance founding member Nok Nok Labs, a company founded to transform online authentication for modern computing, announce the world’s first demonstration at CES of a FIDO Ready™ Voice iD implementation, showcasing the market-transforming benefits of spoken voice authentication and identification for digital transactions. The Agnitio and Nok Nok Labs FIDO Ready™ demonstration shows how Voice ID and Nok Nok Lab’s Multifactor Authentication Client can be integrated into a mobile application to perform voiceprint-based strong authentication. The solution shown illustrates how FIDO-based authentication can replace the use of passwords to log in or confirm an e-commerce payment. This combination of Nok Nok Labs and AGNITiO FIDO Ready™ product empowers users of online, mobile, and point-of-sale applications to conveniently access sites and services, and perform transactions that are more secure, private, and easy-to-use.
mCards, a mobile payment system launched by New Media Insight Group, Inc. helps users prevent their personal information from falling into the wrong hands by generating credit card numbers that can only be used once and expire after 20 minutes. When consumers sign up, they link their mCard to an existing bank account or credit card, which allows them to add money to their account. They will then be able to access a virtual credit card on their smartphone that they can use to make purchases at any merchant that accepts MasterCard. Because the mCard functions similarly to a prepaid credit card, even if someone did steal the number, the thief could only access the available balance.
UniRush, LLC,announced the appointment of Rick Savard as Chief Executive Officer and Chairman. Savard was CEO of NetSpend from 2004 – 2008. In 2009, he joined the FSV Payments board as a Director and became CEO in 2010, where he led the sale of FSV to U.S. Bank in December of 2012. Previous to NetSpend, he held a number of senior level positions in payments, retail and consumer package goods.
Virgin America announced it will partner with Alliance Data Retail Services, which manages more than 120 private label and co-brand credit programs and is an Alliance Data Systems Corporation business, to launch a new Virgin America Visa Signature® Credit Card and a first-ever Virgin America Premium Visa Signature® Card. Both co-brand cards offer Virgin America guests and Elevate® frequent flyer program members a host of perks to make their travel experience more convenient, flexible and rewarding. Under terms of the multiyear agreement, Alliance Data will partner with Virgin America to provide a full suite of credit and marketing services for the Virgin America Visa Signature Card and will leverage its full suite of acquisition tools along with its marketing and analytics expertise to drive cardholder spend and further support one-to-one customer engagement.
FuturePay is now integrated with Drupal Commerce, a leading open source eCommerce platform. The FuturePay module is available for free and provides shoppers with a new payment method that is secure and convenient. Instead of entering multiple fields and credit card information, FuturePay shoppers can check out in one step, putting purchases on their FuturePay Tab with just their username and password.
Japan’s economy is picking up real steam. The OECD Composite Leading Indicator (CLI) has moved from 0.7% in January to 1.9% at mid-year and now hitting 2.6% at year-end. RAM Research projects the CLI will hit 2.8% at year-end. The world’s third biggest economy has been dogged by deflation for almost 20 years but is…
Jack Henry & Associates, Inc. announced that it will provide its financial institution clients with the ability to send and receive international payments via American Express’ FX International Payments service. The DirectLine International™ solution from Jack Henry & Associates now includes access to FX International Payments’ competitive foreign exchange (FX) rates and fees, dedicated customer service, and straight through processing of payments. With the expansion of global trade among businesses of all sizes, financial institutions are facing increased pressure to offer efficient and reliable cross-border payment services. In response, Jack Henry & Associates elected to collaborate with American Express and provide its financial institution clients with access to this automated global payments service.
INSIDE Secure introduced a new approach to embedding a robust security platform in mobile devices to fortify and protect them against system integrity attacks. The first of its kind, the power-optimized INSIDE Secure VaultIP solution provides a set of certification-ready hardware IP modules that chip makers can use to quickly and cost effectively embed hardware secure elements in their mobile designs, either stand-alone or for use in an ARM TrustZone® architecture. With VaultIP security, mobile devices are better able to protect data in banking, payment and ticketing applications, secure identity and communications in enterprise, health care and government applications, and support content protection and DRM systems in media and entertainment applications, among other use
Seamless has signed a frame agreement with Swedish hospitality industry- and employers’ organization Visita regarding the mobile payment solution SEQR. The agreement means that approximately 6400 hotels, restaurants, amusements parks, camp sites, hostels and ski-and spa resorts in Sweden can benefit from significant savings in transaction costs. Offering SEQR as a payment method is very easy. The technology is integrated with the cash register system and requires no hardware installation. The only thing members of Visita need to do is apply a sticker with a QR-code at the cash register. Compared to other mobile payment solutions, SEQR offers a number of value-added features for users such as digital receipts and coupons and connection to loyalty programs within the app.
PKO Bank Polski and EVO Payments International successfully completed EVO’s acquisition of a 66 percent interest in eService, PKO’s existing merchant acquiring business. In addition, the parties also entered into a 20 year strategic alliance under which the parties will continue to develop eService as a leading merchant acquirer in the region. The strategic alliance entered into between PKO Bank Polski and EVO will allow further development of eService’s business in Poland, as well as support the expansion of eService’s business into foreign markets, in particular Central and Eastern Europe.