Credorax appointed Joshua R. Floum to its board, who will bring to the role 30 years’ experience in financial services, payments, advanced technologies, governance and risk initiatives to further facilitate Credorax’s growing business and increasing market share worldwide. Floum served as the Executive Vice President and General Counsel at Visa, Inc., reporting to Visa Inc.’s Chief Executive Officer and serving on its Executive Committee. Floum was instrumental in guiding Visa through its merger and birth as a global public company, which represented one of the largest IPOs in US history. Floum devised the company’s “retrospective responsibility” plan, which shielded the new organisation from legacy legal liabilities and built Visa’s legal and government relations departments to global world-class scale.
Google Wallet Instant Buy makes checkout on mobile sites and Android apps easier and help shoppers speed through the purchase process and is now available through iOS apps. Merchants and developers selling physical goods and services can use Instant Buy for easy integration that works with existing payment processors and secure payments with 24/7 fraud monitoring. There are no Google fees and merchants can simplify their mobile checkout. Select early partners, including B&H, Eat24, Fancy, Newegg, Sionic Mobile and Wish, to integrate Instant Buy into their iOS apps. We are excited to open the Instant Buy iOS API and welcome more developers to sign up today.
AccessPay has installed a new team in Manchester to enhance the reach of its UK customer support.Rachael Howard joins as Regional Sales Manager, offering more than a decade’s worth of experience in sales and working with clients to assist their business development. Rachael specialises in cloud computing and SaaS. Lauren King is the new Operations Manager, and has extensive experience in establishing and building key customer relationships. Lauren’s main role will be to assess, improve and streamline AccessPay’s pre and post-sales customer support. Rob Illidge, has joined from Shaping Cloud and will use his experience to develop new communication channels and build relationships with present and future AccessPay clients.Jess Macedo has been appointed as Customer Support Executive, and will ensure all areas of our structure and organisation are 100% customer-focused. She will also be responsible for all the onboarding, training and support relating to AccessPay Pro and Direct Debit Management. Alistair Jenkins, Business Development Executive, who joins from Peninsula, possesses over fifteen years’ experience in client liaison, and will be responsible for developing and nurturing key customer relationships.
Expertus cloud based payment services renewed its CSAE 3416 and SSAE 16 type II certifications. These internationally recognized audits ensures that Expertus’ controls related to financial, information and security adhere to accreditation requirements and industry best practices. Expertus understands the ever-increasing compliance burdens facing customers operating online. These accreditations reflect controls that are in place during the aforementioned period of time, and help to shift some of their financial reporting burden from customers to Expertus, allowing customers to use the certification report to satisfy their own auditors.
Wincor Nixdorf is promoting the new version of its PC/E Direct Marketing software and providing banks with an effective and modern marketing tool to individually address customers on ATMs, self-service terminals or digital signage screens.
Customer-specific campaigns are now also possible thanks to the addition of an interface that allows real-time communication with the bank’s CRM system. The software enables banks and external advertising partners to convey tailored messages to their customers and thus achieve far higher response rates than with traditional forms of promotion like banners or ads. Apart from their own products and services, banks can also advertise offerings from other companies via various output media – with the marketing of the screens being a source of additional income for the banks. In addition, marketing controlling is improved through an extensive range of options for evaluating campaigns.
Capital One is piloting a new free service that helps its customers identify unnoticed or potentially unwanted charges. Capital One Second Look(SM) goes beyond traditional fraud detection for Capital One card customers, flagging potentially duplicate charges, auto-renewing subscriptions and increases in recurring charges that are commonly overlooked. Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels.
Sequent Software announced it has received a United States patent for its technology that turns apps into wallets. Patent number 8,745,716 recognizes Sequent’s ability to manage security and control usage of credit, debit and other secure credentials stored on mobile devices and allows managed access to those credentials by mobile apps for transactions in the physical environment.
Expedia.com today announced it is now accepting bitcoin as a form of payment for hotel purchases. Offering travelers another way to book online, customers can now shop from the world-class inventory of a vast array of hotels available on Expedia.com, and for the first time ever beginning today, easily pay for their hotel accommodations using bitcoin.
First Data Corporation, the global leader in payment technology and services solutions, today released its First Data SpendTrend® analysis for May 1, 2014 through May 30, 2014, compared to May 2, 2013 through May 31, 2013. SpendTrend tracks same-store point-of-sale data by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks from nearly four million merchant locations serviced by First Data. Spending growth of 4.2%, compared to April’s 4.1%, and the average ticket growth of 1.2 % in May gained steam against April’s 0.5% growth, was driven by May’s warm weather, which specifically spurred spending on travel and home improvement.
peerTransfer has expanded payment methods to increase currency coverage. The company has doubled its local currency offering, now serving over 95 countries in their local currency, with a total collection capability of over 225 countries and territories. Whether families want to pay via an international debit or credit card, an e-wallet, online bill-pay or a bank transfer (online/offline), peerTransfer leads this innovation in education, providing the optimal solution to meet the needs of this important demographic. International students and families want the ideal payment choice based on the unique needs and the complexities associated with making cross-border payments.
Consumers are demonstrating a growing interest in self-service in their financial services behavior and can now benefit from applications that will enable them to reduce fraud in use of their debit accounts.
The monstrous payment card data breaches of 2013 is giving way to a consumer demand for better mobile tools to fight debit card fraud.
By the end of 2015, 70% of U.S. credit cards and 41% of U.S. debit cards will be EMV enabled, says Aite Group. Aite Group’s new research report, EMV: Lessons Learned and the U.S. Outlook, takes a look at the migratory experiences of five countries that preceded the United States in adopting the EMV standard: the United Kingdom, Australia, Brazil, Mexico, and Canada. It also describes the U.S. path to EMV based on interviews with top U.S. issuers and payment networks and makes a series of recommendations for U.S. issuers based on the lessons learned from other countries.