Prepaid cards are a tricky emerging market. A new report suggests that Blackhawk Network, epay, and InComm rule the prepaid market. Mercator says many companies are at risk of displacement if they do not respond accordingly to the mobile, online, and virtual technologies threat.
Square launched an integration with IFTTT (If This Then That). Sellers can now seamlessly integrate their Square data with IFTTT to trigger customized automated actions that streamline business operations and help their day run more smoothly. The IFTTT service lets sellers link their Square account to IFTTT and create custom “recipes” that integrate their Square payment, refund, and settlement data with other products and services like SMS, Google Drive, Twitter, or email. Square launched its software partner platform, opening the door for software partners to develop tools that work seamlessly with Square’s Register service. Square’s software partner platform, which currently includes Intuit QuickBooks, Xero, and Stitch Labs, gives all sellers the ability to save time and reduce errors with customized tools.
Payments volume for Diners Club International declined 1.8% year-on-year and 3.2% sequentially in the second quarter. After peaking at $7.2 billion in Q4/2012, the international card issued by Discover Financial Services, has experienced a substantial softening in quarterly purchase volume. Acquired by Discover Financial Services in July 2008, the international payment card has consistently hovered…
The 2013 Federal Reserve Payments Study Detailed Report provides new information on the payments landscape including updated results on the intensity of card use by consumers and businesses; further discussion of previously released information on third-party payments fraud; new estimates of over-the-counter cash withdrawals and deposits at bank branches and wire transfers made by businesses and consumers; and discussion of emerging and alternative payments likely to replace traditional payments such as cash and checks.
ControlScan and TSYS’ ProPay team to provide PCI compliance solutions for small- and medium-sized merchants. TSYS says complying with PCI DSS can be a daunting task for any merchant ” especially for small- to medium-sized merchants. While utilizing products such as ProPay’s ProtectPay encryption and tokenization solution can significantly reduce merchant’s PCI DSS burden, all merchants must still comply with the Standard.
Rhodes 101 Stops Convenience Stores have deployed NCR’s ConvenienceGo (C-Go) mobile shopping app. Rhodes 101 Stops operates 30 convenience stores across Southeast Missouri and Southern Illinois and is a subsidiary of PAJCO.
AFEX non-bank providers of global payment and risk management solutions and Efic will offer Australia’s export businesses better protection against adverse currency movements. Efic will guarantee foreign exchange facilities offered by AFEX to exporters, enabling the foreign exchange specialist to increase the trading limit for clients. With increased limits, those clients will be able to protect more of their export contracts and better secure profit margins.AFEX continues to grow rapidly in Australia, roughly doubling its client base to 8,000 businesses in the last two years alone. It opened the first of three offices in Sydney in 2005, with Perth and Melbourne following in 2009 and 2011 respectively. Recent currency volatility demonstrates the need for the sophisticated payment and tailored risk management expertise AFEX is renowned for.
Wincor Nixdorf AG has revised its forecast issued for fiscal 2013/2014 as a whole. The Company and now expects net sales to reach a level comparable to that recorded in the previous year instead of rising by the 4% it had originally projected. The forecast for operating profit remains unchanged, with EBITA expected to increase…
KBC is joining MyBank and will offer this Europe-wide payment method to their retail and corporate customers from spring 2015 on.The MyBank button redirects internet shoppers to their online or mobile banking platform, where they can pay by confirming a SEPA Credit Transfer order that already has all the details filled in. KBC will also roll out MyBank Mandates, a solution that will allow customers to authorise electronic mandates for the payment of recurrent bills or online purchases via SEPA Direct Debits. Merchants and public authorities across Europe will be able to replace paper mandates with this efficient new solution. Moving to an electronic process that informs the bank of the debtor about the signing of a mandate in real-time reduces costs and the time required to collect funds.MyBank is currently available to over 12 million retail customers in Italy, France and Luxembourg and supports the initiation of SEPA Credit Transfers via online or mobile banking. From October 2014 on, the solution will also enable customers to create, modify and cancel electronic mandates for direct debits.