Nordea has selected iZettle to be its provider of mobile point of sale (mPOS) solutions in Sweden, Norway, Denmark and Finland. Under the cooperation agreement Nordea will promote iZettle mPOS solutions to the bank’s small business customers on its website nordea.com and in its 800 branch offices throughout the Nordic region. iZettle started in 2011 offering an easy way to take card payments. Now small businesses also come to iZettle for tools to grow their business: from a complete point of sale solution, to free sales overview tools like reports and graphs to spot sales opportunities and identify loyal customers.
The number of Cards-In-Force (CIF) for the four major U.S. payment card networks rose 4.6% year-on-year (Y/Y) during the first quarter of 2014 (Q1/14). Visa (VS), MasterCard (MC), American Express (AX) and Discover (DS) reported 1173 million U.S. CIF at the end of Q1/14, compared to 1121 million one year ago.
InComm today announced the launch of InComm Mobile Platform (IMP) for mobile wallet providers and merchants. IMP integrates with multiple platforms to provide a full-breadth of capabilities required to process mobile payments made using prepaid cards at retail POS. The platform also enables InComm to develop and host mobile applications for merchants and partners. Canadian communications and media company Rogers is the first company to leverage IMP for development of the recently launched suretap™ wallet.
Raymond James Bank has chosen Fiserv for an enterprise-wide banking solution. Centered on the Signature® bank platform, the total Fiserv solution set for Raymond James Bank includes Aperio™ for business process management, Nautilus® for enterprise content management, Prologue™ for financial management, Corillian® Online for online banking, CheckFree® RXP® for bill payment, and solutions for debit, ATM and item processing. Signature is a complete, real-time, SOA-based solution that delivers customization, system integration and business process improvement to traditional and nontraditional financial institutions around the world. Highly scalable in mid-to-large size institutions in 45 countries and 21 languages, Signature provides a flexible, cost-effective solution for account processing.
US Dataworks payment processing appointed John Penrod as our new CEO and Chairman of the Board. The key metrics that we follow are growth in monthly transaction and recurring revenue, particularly in the cloud, average price per transaction and operating income. Our monthly recurring revenue for fiscal 2014 experienced double-digit growth over the prior fiscal year. Our average price per transaction for calendar year 2014 has more than doubled when compared to calendar 2013, as our customers benefit from the added value of NextGen Receivables, and our operating income is positive. As a non-reporting public company, we continue to perform annual independent audits for the twelve months ending March 31st.
i2c announced that Jifiti- allowing consumers to turn physical goods into digital gifts- is using its platform for open-loop prepaid processing.Jifiti was created to make gift giving more thoughtful, flexible and convenient. The app allows a user to select an item in the app or in-store by scanning a bar code and send it digitally as a gift to any recipient via e-mail, text or Facebook. The recipient can select their ideal size and color or choose an entirely different item to redeem. Users can also add products to a wish list which others can purchase for them individually or by chipping in as a group.
Heartland Payment Systems has unveiled a new brand identity. The new branding initiative better reflects Heartland’s dramatic evolution from a small debit and credit card processor to a leading national business solutions provider serving a range of industries from retail to restaurant, parking to petroleum, to higher education, lodging and hospitality. The key to Heartland’s continued success is its unwavering commitment to building long-term customer relationships based on a commitment to trust and transparency. The company’s Merchant Bill of Rights sets the industry standard for public advocacy of business owners for fair credit and debit card processing practices. This commitment to customers, coupled with Heartland’s continued investment in developing and bringing solid solutions and innovation to market, is at the heart of the company’s business philosophy and brand.
CHAPS Clearing Company announced BNY Mellon has joined CHAPS as a Direct Participant. BNY Mellon is a global investments company which provides financial services for institutions, corporations or individual investors. As of March 31st 2014, BNY Mellon had $27.9 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon is an established provider in the UK and contributes substantially to the CHAPS daily value flows. BNY Mellon has joined CHAPS as a result of the introduction of tiering criteria by CHAPS and the Bank of England. This dovetails with BNY Mellon’s strategic aims to expand their global payment capabilities to better support their clients’ needs as the global payments landscape continues to evolve.
mopay announced its entry into the Indian market with an HTML5 in-app billing solution. The company brings its latest technology to the Indian market where staggering growth rates indicate that the number of Internet-enabled mobile devices will have exceeded the US by the end of 2014. mopay is launching the HTML5-for-mobile version of its award -winning direct carrier billing platform on all large Indian carriers to give its subscribers of mobile Internet devices the same frictionless payment experience as in Europe and the United States. Indian carriers, such as Airtel, Vodafone and Reliance, have recently invested billions in US dollars to upgrade their network infrastructure and allow users in mainly urban areas to use mobile Internet services.
NCR Corporation announced that Cathay United Bank (“CUB”) has become the first bank in Taiwan to provide personalized automated teller machine (“ATM”) transactions by using NCR APTRA Connections software. CUB is the fourth largest ATM deployer in Taiwan with more than 1,900 ATMs. APTRA Connections is now running on about 180 units of NCR SelfServ ATMs and 120 units from another vendor. Most of these ATMs are installed at busy locations. CUB is also planning to extend the new features to its entire ATM network gradually. APTRA Connections enables CUB to recognize their customers and display personalized greeting message. CUB customers can customize their ATM menu by pre-selecting favorite transaction options that include their usual cash withdrawal amount, bill payment and bank transfers, resulting in fewer screens to navigate and save time – as much as 33 percent faster than a typical transaction.
Finansbank has chosen NCR solutions to provide an improved and more convenient banking experience for consumers and small business in Turkey. With 673 branches across the region, Finansbank is the bank of choice for small businesses when they deposit takings at the end of day and specifically chose NCR SelfServ 34 and 32 ATMs for their deposit and cash re-cycling capabilities. Finansbank has also selected NCR to service and maintain its ATM network for the next 10 years and is developing ATM applications based on the open NCR APTRA™ XFS software interface. The cash re-cycling features of these ATMs will help Finansbank reduce costs by decreasing the number cash deliveries required at branches and the time spent on cash replenishment by branch staff. NCR APTRA software uses a Windows®-based XFS interface, facilitating an open software environment and making it vendor independent.
GoDaddy announced Suvidhaa, a Suvidhaa Infoserve Pvt. Ltd. (SIPL) franchise, has purchased Suvidhaa.com as a key part of its global expansion. The payment company allows customers to pay cash for necessary bills and services such as travel, utilities and entertainment at convenient locations including grocery stores, pharmacies and cyber cafes. More than 18 million customers have used Suvidhaa to pay bills at these locations often without even realizing it was Suvidhaa that made it possible. The company’s objective is to empower consumers to pay bills and manage transactions online. With its well-established market presence in India, the top-level domain Suvidhaa.com and GoDaddy’s commitment to quick and collaborative customer care is helping to facilitate the company’s international expansion. After experiencing GoDaddy’s remarkable support, customer care and efficient premium domain purchasing process, SIPL has registered 80 other domains with GoDaddy.