ControlScan partnered with iScan Online to address the security issues caused by consumer-grade mobile-device use in the small to mid-sized business (SMB) environment. Widespread, business-level adoption of tablets and smartphones has drawn the attention of hackers. According to IT security vendor Kaspersky, there are 10 million malicious applications circulating for Android devices alone. In partnership with iScan Online, ControlScan created ProTect Mobile™, a powerful tool for securing Apple iOS and Android mobile devices. ProTect Mobile is a single-source scanning solution for security vulnerabilities, faulty configurations and sensitive data such as credit card information, social security numbers and protected health information (PHI). Device integrity and management features are also included, allowing the business owner to spot a critically vulnerable “jailbroken” or “rooted” device, and to locate, lock and wipe a device that has been lost or stolen.
USA Technologies wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries, introduced its streamlined Integrated Payment Services model, USAT’s newest approach to serving the needs of today’s more complex vending businesses. As an evolution of USAT’s market leading ePort Connect service, Integrated Payment Services extends ePort Connect across multiple aspects of a self-serve business to position operators for better business efficiencies, reduced cost and a heightened customer experience. This includes traditional vending, micro-markets, office coffee services and direct store deliveries, dining Services and back office/online payment.
AnywhereCommerce, a global payments technology provider, has named Debra McAteer as vice president of sales for US resellers and ISOs. McAteer will oversee the company’s channel initiatives, and work directly with AnywhereCommerce’s network of merchant acquirers, ISOs and payment processors across the country. Prior to joining AnywhereCommerce, McAteer served as vice president of sales for major accounts at Equinox, where she spent the past 13 years. Prior to her time at Equinox, she served in sales capacities at Linkpoint, and at First Data.
JetPay® Corporation and its payments division, JetPay Payment Services, will be presenting two new JetPay solutions — OneCall™ and JetPos™ — at Transact 14, the Electronic Transaction Association’s (ETA) 2014 annual convention. Both solutions are designed to help merchants and ISOs increase their bottom line. JetPay’s OneCall™ program, a certified American Express® OptBlue™ participant, has been live since November, 2013. JetPos™ is the other new JetPay product being introduced. JetPos™ is a specialty payment product designed for the restaurant industry.
American Express OPEN, the small business division of the financial services company, and Intuit, announced the launch of ReceiptMatch with QuickBooks. This mobile and desktop integration is designed to help small businesses seamlessly sync Business Card expenses with QuickBooks, helping to alleviate end-of-the-month pileups of expense receipts. ReceiptMatch, the mobile app and web-based service that launched last year, helps small business owners reconcile receipts with their American Express Business Card online account on-the-go. The new feature will close the gap between the time when the Business Card is swiped for a purchase and the expense is entered into QuickBooks. This will mark the first time a Business Card will be integrated directly into QuickBooks. Moreover, as businesses rely on their Business Cards to make large ticket purchases, the integration will help make for a faster and easier accounting process.
First Data and MasterCard announced an agreement in which First Data’s STAR® Network will participate in MasterCard’s common U.S. Debit EMV solution. This agreement provides a cost-effective solution and accelerates the ability for EMV functionality to be implemented across the U.S. EMV/ chip cards better protect account information from fraud because they have dynamic data, rather than the static data stored in the magnetic stripe. By working together, MasterCard and First Data will deliver enhanced choices in how debit card issuers identify and apply multiple network relationships to ensure Regulation II compliance in a cost-effective way. Merchants and acquirers will continue to route transactions as they prefer, without costly host systems reprograming.
The ATM Industry Association (ATMIA) announced the creation of a new U.S. Underbanked Forum, to help foster development and deployment of ATM solutions addressing the needs of the unbanked and underbanked. Although explosive growth in the use of mobile devices for payments and banking services has dramatically improved consumer accessibility, there is still a need for more options that are not tied to traditional bank accounts.
Fiserv announced Texas Bay Area Credit Union (TBACU) has selected an integrated suite of payment solutions including debit processing, full-service credit processing, the Accel™ debit payments network, UChoose Rewards® and Risk OfficeSM, to help improve its operational efficiency, consolidate vendors and enhance the financial experience for members. In addition, TBACU also selected DNAweb™ for commercial online banking from Fiserv. Fiserv will help grow and enhance the performance of its credit and debit card portfolios. Also, the ability for TBACU to integrate its card portfolio into its existing DNA™ account processing platform was key in the selection of Fiserv. TBACU has used the DNA account processing platform since 2006.
Jeremy C. Stein submitted his resignation Thursday as a member of the Board of Governors of the Federal Reserve System, effective May 28, 2014. Stein, who has been a member of the Board since May 30, 2012, submitted his letter of resignation to President Obama and plans to return to his teaching position in Harvard University’s department of economics.
TSYS announced the results of its 2014 Canadian Consumer Payment Choice Study. The primary consumer research study utilizes both quantitative and qualitative data, gathered through an online survey and in-person focus groups, to gauge how Canadian consumers make payments today and how their payment preferences may change in the future. The results provide helpful information for developing and confirming payment strategies and initiatives. More than 1,000 consumers who have and use both a debit card and a credit card were surveyed on payment choice, what they value most, what might influence them to change how they pay, and their opinions on select new payment offerings.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] DFC Global services to the unbanked and under-banked consumers announced preliminary 3Q/14 total consolidated revenue expected in the range of $248.0 to $252.0 million. DFC reduced its guidance for fiscal year 2014 to adjusted EBITDA between $151.0 and $156.0 million, as compared to its previous range of between $170.0 million and…
American Express is now accepting applications for the new Amex EveryDay Credit Card, which was announced at last month’s Oscars. To celebrate, the company is launching a year-long campaign to shine a spotlight on America’s #EveryDayMoments – from quality time with the kids to a night out with friends. The campaign kicks off with a Mother’s Day “selfie & snapshots” photo contest with an epic prize – a getaway to NYC for 50 winners and their guests (100 total). American Express will continue to recognize and reward consumers for sharing their #EveryDayMoments throughout the year with a series of special, themed contests, sweeps and unique experiences, like a live concert with Maroon 5 streamed nationally on June 20, 2014, and a soon-to-be-announced Father’s Day Sweeps. The Amex EveryDay Card is a no-annual-fee Credit Card that puts a twist on the traditional rewards program; it rewards Card Members for how often they shop, and not just how much they spend. Use the Card 20 or more times on purchases in a billing period and earn 20% extra Membership Rewards® points on all those purchases less returns and credits. *Terms and limitations apply