TSYS announced an agreement with Oversight Systems to provide an automated monitoring and analysis solution to help corporate purchasing professionals detect and eliminate fraud, policy misuse, and waste within their card programs. Oversight Insights On Demand – Powered by TSYS is an innovative solution that will facilitate transparency, accountability and growth of card programs for corporate customers. In addition, this solution addresses key barriers to card adoption, namely the lack of operational spend control and associated risk with decentralized purchasing. The solution will be available to TSYS’ commercial clients beginning in the third quarter of this year.
Bank of America Merrill Lynch, a leader in card services for middle-market, large corporate and public sector clients, today announced that it is expanding chip and PIN technology to all purchasing and travel credit card products available to clients in the United States. This is the latest development in the company’s ongoing effort to rollout EMV® (EuroPay Mastercard Visa) technology to its global client base. BofA Merrill first introduced chip and PIN technology on corporate travel and expense (T&E) credit cards in Europe in 2010 and in the United States in 2012. The bank began issuing chip-enabled purchasing cards in 2013. Together with T&E cards, more than 100,000 chip and PIN cards across the portfolio have been issued to clients in the United States alone.
Allied Payment Network today announced that mobile banking solutions provider FI-MOBILE has integrated Allied’s Picture PayTM into its mobile banking offerings, enabling FI-MOBILE’s end users to pay any bill by simply taking a picture of the bill with their mobile device. FI-MOBILE develops downloadable apps for banks and credit unions that enhance the Internet channel experience for their customers and members. Picture Pay seamlessly integrates within FI-MOBILE’s mobile banking solution, providing a quick and simple integration process for FI-MOBILE’s financial institution customers.
Aconite announces support for the new mobile payment infrastructure based on Host Card Emulation (HCE) and Tokenization. New features in smartphone operating systems coupled with announcements from card brands and EMVCo have breathed new life into mobile payment using NFC at the Point of Sale – the idea that a phone has to have an EMV-like payment application installed in a Secure Element to support mobile payment has been overtaken. The new direction the mobile payments proposition is taking is being defined by HCE and Tokenization.
Mocapay announced today the release of the Yumilicious app, will be available in iTunes and Google Play app stores this April. Yumilicious leveraged Mocapay’s mobile app template that helps merchants engage consumers and launch their app on an abbreviated timeframe. Yumilicious loyalty members can enroll, earn and redeem loyalty points and rewards via the app. Users can also enter their birthday for special offers, opt in and out of e-mails and text messaging, and get in-app messages. Additionally, the app will provide the ability to find nearby locations using GPS technology.
Leaf mobile POS tablets announced the introduction of Payment Apps, a first-of-its-kind marketplace through which merchant acquirers directly market their payment processing services to merchants using the Leaf POS system. The Payment Apps marketplace is seamlessly integrated into the Leaf POS platform, enhancing visibility, creating branding opportunities for processors, and providing merchants with more insight into their processing options. The marketplace offers a wide range of benefits to payment services providers, including increased sales via online referrals; an online profile highlighting key differentiators; improved customer retention via in-product branding, messaging, and upselling; and brand reminders every time the Leaf tablet is used to swipe a card. It also provides a convenient way for merchant acquirers to stay connected to their payment processor services through Leaf’s back office POS platform.
Online Banking Solutions (OBS) announced it has partnered with ProfitStars software, solutions, and technology innovation for financial institutions, to provide complementary online banking services to financial institutions using the Messenger Financial Center online business banking platform. OBS Messenger Financial Center is a comprehensive business e-banking platform supporting real-time account and transaction reporting, e-statement delivery, stop payments, positive pay, account transfers and payment initiation of ACH transactions and wire transfers. In addition to the new remote deposit and bill pay services, the new partnership will enable integration of the ProfitStars offerings with the OBS Messenger Mobile Banking Tablet and Smart Phone applications to deliver mobile remote deposit and mobile bill payment services.
TSYS announced Vietnam Eximbank begun to deploy fingerprint authentication technology for over-the-counter or ATM transactions. Vietnam Eximbank is one of the first banks in Vietnam to apply this technology that enables customers to make a transaction without having the physical card, ID, phone or card number present for identification, and uses only fingerprint verification when performing transactions at the counter or at the ATM. Vietnam Eximbank licenses TSYS’ PRIME single-platform payment processing solution to manage its issuing, acquiring and payment acceptance services. Vietnam Eximbank is planning to extend the biometric solution to point-of-sale networks where fingerprints can be used instead of ID and payment cards. It plans to make these types of transactions common across Vietnam by working with other banks in the country to build acceptance of its fingerprint authentication solution as the de facto standard deployed across the national switch.
Sam’s Club has finalized a multi-year agreement with GE Capital Retail Bank to extend their existing relationship to provide Sam’s Club-branded credit cards to club members in the U.S. and Puerto Rico. As part of the extension, GE Capital’s Retail Finance business will continue to manage and service the credit card programs for Sam’s Club Savings, Business and Plus members. Under the agreement, the Sam’s Club co-branded credit card programs will be converted to MasterCard later this year, providing members with a broader card acceptance network, as well as more robust features and benefits.
Payroll employment was up 192,000 units in March for a subsequent .01% change in the unemployment rate from February, which hasn’t moved from 6.7%. This was led by employment in business services, in health care and in mining and logging. The number of unemployed persons sits at 10.5 million with little change since the previous month figure of 10.5 million. Meanwhile, those jobless for 27 weeks or more was at 3.7 million, down slightly from the February figure of 3.8 million. These individuals accounted for 35.8% of the unemployed, a figure which has declined 837,000 over the prior year.
First Data appointed Michael Manos chief technology officer to oversee global technology infrastructure. Manos joins First Data from AOL Inc., where he served as AOL’s chief technology officer and was responsible for global technology and development platforms for all AOL subscription businesses, the industry, technology and media sites, AOL mail and messaging, and global mobile engineering efforts. Prior to joining AOL, he was a vice president at Nokia where he was responsible for the global operations, consolidation and restructuring of service operations for commercial-facing products and services. Before that, he was senior vice president for technical services at Digital Realty Trust where he oversaw the design, engineering, construction, and long-term operation for the company’s data center operations. He has also held leadership positions of increasing responsibility at Microsoft, Walt Disney and Nuclio Corporation.
USA Technologies cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries, tannounced a new, exclusive agreement with The Pepi Companies that USAT believes exemplifies the future of integrated cashless payment, telemetry and consumer engagement services. The agreement, designed to span all aspects of Pepi’s business”from vending to micro-market, from mobile payment to cafeteria/food service point of sale”leverages Pepi’s existing cashless-enabled vending network and USAT’s new Integrated Payment Services. Integrated Payment Services, an evolution of USAT’s market-leading ePort Connect® service, was introduced to the vending industry yesterday. Pepsi was USAT’s first customer to initiate a complete conversion to cashless payment and telemetry on its vending machines, a project completed at the end of 2012. Pepi will expand its relationship with USAT by leveraging USAT products, services and add-on integration capabilities across all of Pepi’s other business segments.
Pepi’s integrated service solution will include traditional vending, using USAT’s turnkey ePort® and ePort Connect cashless payment and telemetry products and services. Pepi will also have the ability to integrate other third-party devices certified on USAT’s ePort Connect network. For Pepi’s micro-markets as well as their dining service point of sale, Pepi’s technology partner used QuickConnect to integrate with USAT, for streamlined payment services. In addition, for Pepi’s office coffee services and direct store deliveries, Pepi will use USAT’s ePort Mobile™ solution to integrate payments with other business segments. Finally, USAT’s loyalty and prepaid program, MORE., will be accessible by participating consumers using any of these payment acceptance options for an enhanced consumer experience and loyalty factor”one program for all aspects.