Interac discovers seven out of 10 students say they would ask their parents to send funds via Interac e-Transfer if they needed it. Students favor exchanging money via Interac e-Transfers because it is instant (81%) and convenient (71%).
United Thinkers announced Gift and Loyalty Card Features, the addition of Check 21 and pending Digital Currency Processing Integrations.In addition to existing Credit, Debit, Pre-Paid, and EBT Card Processing functionality, UniPay now supports Private Brand Gift, Loyalty and Combo Cards to meet the growing demand for these card types in the Electronic Payment Transaction Processing Market. The UniPay Platform provides a unified processing API for handling of credit cards, debit cards, EBT cards, pre-paid cards, gift, and loyalty cards, including management of points and rewards. This additional functionality makes UniPay the only product available where the structure and format of all basic operations remain the same across all Card Types as well as ACH Processing. The UniPay UniCharge Module is an advanced Processing and Remittance Engine supporting advanced functionality needed for transaction processing through a wide network of Processors and Gateway Partners.
Inside Secure has appointed Martin Bergenwall, currently vice-president of the group’s embedded security solutions product line, to the position of head of the Mobile Security business division. INSIDE Secure would like to thank Simon for his dedication and hard work in the achievement of the group’s successful strategic repositioning.
Ingenico has been awarded the first certification in France for an m-acceptance (or mobile acceptance) solution by Cartes Bancaires CB Group. M-acceptance consists in combining a payment solution with mainstream mobile equipment such as a smartphone or tablet, using both communication means and ergonomy to provide for embedded management and check-out applications. A transaction viewing portal has been made available to mCommerce retailers by Ingenico Group. Mobile bank card payments have risen significantly over the last few years. Ingenico Group is a pioneer in the m-acceptance sector with its payment solutions initially connected to the GPRS cellular network and more recently to the 3G network.
BPC Bank announced EthSwitch has chosen SmartVista to power its national switching operations. SmartVista was selected because of its comprehensive functionality, advanced technology and proven track record in helping payment businesses worldwide capitalize on opportunities presented by the changing payments landscape. EthSwitch was formed by all the banks in Ethiopia, and with the backing of the Ethiopian Bankers’ Association and the country’s central bank known as the National Bank of Ethiopia. EthSwitch aims to connect all banks to a central transaction switching platform that will provide customers with access to their money and other financial services via any ATM, Point of Sale (POS) device, mobile and Internet channels, regardless of which bank issued their card or in which bank their account is kept.
allpay is supporting prepaid innovator, Osper, with its first class manufacturing, personalization and fulfilment application for its signature bright orange plastic prepaid card. The Osper Card aims to equip young people with an easy-to-use platform to enable them to develop their money management skills. The Card facilitates cash withdrawals at cash machines as well as online purchases, much in the same way as a traditional debit card. allpay has helped Osper to manage the high demand for the card, providing a fast paced manufacture, personalisation and fulfilment service for the hundreds of daily card requests.
Mirroring delinquency ratios, charge-offs continue a steady decline south to record lows and headed even lower in the third quarter. According to CardData, the average charge-off rate among the top six issuers stood at 2.81% for Q2/14.
Square announced Analytics to its complete Register service. The powerful reporting and analytics tool delivers sellers actionable data to increase sales and better serve their customers. Square Analytics integrates the full suite of Square Register products including Pickup, Invoices, and Appointments, making it the most robust point of sale service. Expensive annual fees, tedious set-up processes, and irrelevant, generalized reports have traditionally excluded small business owners from useful information available to larger merchants. Building on the sales data to which Square sellers already have access, the new mobile-optimized Square Analytics delivers information including most-popular items and categories, busiest time of day, and a holistic view of customer spending.
Capital One’s second quarter Spark Business Barometer discovered that millennials (18-33-year-olds) were the most optimistic group surveyed when asked about their sales volume, economic outlook and plans for growth.
MainStream Merchant Services launches MainStream Insights, the industry’s leading merchant analytics platform powered by Womply. MainStream Insights will provide merchants with access to rich, highly-relevant data about their business they can use to grow, outpace the competition and increase their bottom line. MainStream Insights allows merchants a secure way to manage revenues, online reputation, and social media, through a central online dashboard designed to provide merchants with easy access to powerfully informative business tools. These tools vividly bring data to life to help merchants make better decisions and execute effective business plans.MainStream Insights offers merchants Revenue and Transaction Analytics, Market Intelligence and Competitor Monitoring.
ScanSource to provide the FreedomPay Commerce Platform with product support, integration, staging and deployment services. Ingenico now has one of the most secure payment solutions available in North America.
VeriFone plans to expand its taxi and media services to Istanbul and throughout Mexico’s Mayan Riviera. Through this expansion, VeriFone stands to provide more than 20,000 additional taxis with secure, in-taxi and mobile payments, mobile hailing and booking, and interactive multimedia content during passenger rides.