Visa cites its Google experience to help Latin American (LAC) companies to rethink their commercial card strategies and bring them up to snuff in 2014 and beyond. The Visa roundtable survey clearly showed that many LAC companies do not have a mandate for their commercial credit card.
BitPay announced today that it has become a Demandware LINK Technology Partner. Demandware’s clients will now be able to easily add bitcoin as a form of payment thanks to BitPay’s development of a pre-built integration between its payment processing services and the Demandware Commerce platform.
MasterCard finds Australians are paying $1.6 billion annually in credit card surcharges. Another survey found Cabcharge, Qantas, Virgin Australia, Jetstar and Tiger were the biggest violators of RBA rules to limit surcharges.
ATM owners and operators have been urged to begin planning for U.S. EMV chip migration as soon as possible to protect themselves from potential fraud losses. The EMV Migration Forum is a cross-industry body focused on supporting the EMV implementation steps required for global and regional payment networks, issuers, processors, merchants, and consumers to help ensure a successful introduction of more secure EMV chip technology in the United States.
CardinalCommerce, the pioneer and global leader enabling digital commerce, announces that it has been granted a US patent for Alternative Payment Implementation for Electronic Retailers, patent US 8,762,210, and notice of allowance for Method and System for Extending Payment System Architectures and Legacy Order Processing Systems to Mobile Commerce Applications via Text Messaging (Japan). The new patent reinforces that Cardinal is on the leading edge of the payments industry’s move towards omni-channel payments. Consumers are looking for convenient ways to shop and to protect themselves and their payment data when shopping. This technology allows for in-store transactions using payment methods other than plastic cards, like digital wallets and other alternative payment methods. Cardinal’s patent portfolio includes 42 issued patents, 5 notices of allowance, and approximately 100 patent applications pending.
Working with Diebold, Saque e Pague,ATMs is delivering a range of financial self-service capabilities never before available to consumers and financial institutions. With deposit automation- and cash recycling-enabled ATMs, the bank is helping Saque e Pague rapidly grow its network, which recently surpassed its millionth transaction, to help reach previously underbanked regions in the country. Deploying cash recycling at the ATM allows Saque e Pague to expand into new markets with limited financial service options. As cash recycling extends ATM uptime, the network provider and its financial institution partners can deploy terminals in remote areas that were previously uneconomical to service, thereby reaching underbanked populations.
Ingenico Roam Mobile Solutions partnered First Data to launch its mPOS solution. Leveraging ROAM’s mobile solution and Ingenico’s global EMV expertise, First Data India has launched its own fully branded chip and PIN mPOS solution. This new mPOS offering enables merchants in India to accept payments on the go, while incorporating the unmatched flexibility, best-in-breed security, and user friendliness of ROAM’s RP750x cloud-based chip and PIN mPOS card reader. ROAM’s white label solution allows mPOS players to reduce time to market with their own custom-branded payment solutions.
MasterCard announced that Deborah Heng has been appointed group head and general manager of Singapore to lead all aspects of MasterCard’s business expansion efforts in Singapore, working with banks, non-financial institutions and key merchants to drive business results. In her 14 years with MasterCard, Ms. Heng has overseen diverse strategic business deals, delivering against aggressive revenue targets and managing investment budgets across varied geographies – first in Finance for the Asia Pacific region, followed by the Europe region, after which she moved to roles in Customer Relationship Management and Business Development based in Singapore. Prior to this appointment, her most recent role was Division Finance Officer for MasterCard, South East Asia and South Asia. Heng holds a Bachelor of Accountancy degree from the National University of Singapore and a Master of Business Administration degree from the University of Nottingham, UK.
Visa, MasterCard, American Express and Discover profits reach nearly $4.5 billion in the second quarter. The profits were driven by a strong dollar and rising cross-border transactions.
New research shows the majority of small- and mid-size businesses (SMEs) already use online banking, and mobile banking is on the rise. Currently 35% of SMEs use a smartphone and 25% use a tablet for business banking.
MasterCard’s Latin America Caribbean region Gross Dollar Volume was up 13.2% to US$88 billion in the second quarter. Based on Purchase Dollar Volume, the area is the fastest growing region for MasterCard.
MasterCard Multi-currency Cash Passport card enters Japan. Issued by Travelex Japan the card can be preloaded with Japanese Yen, US Dollars, Euro, British Pounds, Australian Dollars, New Zealand Dollars and Canadian Dollars.