First Data and The Members Group (TMG) are now offering an expedited EMV implementation to qualifying TMG clients. First Data is a global leader in payments processing and electronic commerce solutions. TMG, a leading payments processor, provides innovative, end-to-end payment solutions and proprietary, web-based card servicing and reporting tools to credit unions and community banks. First Data has qualified with both Visa and MasterCard to offer an expedited EMV credit card issuance program to financial institutions. The streamlined program, using standardized processes, supports TMG’s brand promise of “making life easier” for its clients by enabling them to launch their EMV programs quickly, efficiently and with reduced complexity. First Data has completed the steps necessary to offer the expedited EMV implementation process to qualifying financial institutions.
ICP Group POS specialists partnered payworks to provide mPOS services to its clients. ICP operates more than 120.000 POS terminals in 7 European countries and serves merchants such as Aldi Nord, Burger King and BVG-Berliner Verkehrsbetriebe. Under the agreement, payworks will support ICP in launching an own payment acceptance solution, enabling small- and medium-sized enterprises (SMEs) to take card payments with their smartphone. Merchants will use a mobile application together with a Chip & PIN device to accept card payments. They can view their historic transactions on their mobile device as well as on a separate, web-based merchant dashboard. In addition to the mPOS solution for SMEs, ICP will use payworks’ mobile POS SDKs and APIs to enable their existing customer base of retailers and merchant service providers to easily integrate both Card Present and Card Not Present functionality into their customized applications.
Jack Henry & Associates is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Symitar division announced that $140 million, Pennsylvania-based New Cumberland Federal Credit Union has selected Episys as its in-house core processing solution. The FCU management team participated in the evaluation of core systems and both in-house and outsourced operating environments and decided on the Symitar core system; a contemporary eServices solution for home and mobile banking; superior and consistent customer service; and a solid, reputable, financially stable company. After detailed system demonstrations, multiple existing customer site visits, and numerous existing customer reference calls the entire management team unanimously elected to partner with Symitar and install Episys in-house.
mPOS Tracker research highlights mPOS continues to expand internationally, particularly in emerging markets; is the number one priority for merchants ranking even higher than security; and receipts have the potential to become an important marketing channel for merchants. Conclusions show for the first time, mPOS and mobile solutions are viewed by merchants as their number one key priority. Also mPOS merchants have had their silver bullet all along. Sales artifacts were once thought of as only a required part of the transaction, but have now become important communication “canvases” to be used by merchants as important channels to the customer. And mPOS land grab focused on bringing customers to merchants. Amazon’s acquisition of GoPago could ignite SMB mPOS by handing small merchants not only a POS solution but one that supports its Pay with Amazon plug in, allowing them to serve 230 million+ consumers right from the start.
Ukash global cash payments provider announced a new partnership in Poland, working with PayUp mobile top-up, financial and payment services through convenient retail outlets. This partnership permits cash consumers to purchase Ukash from PayUp’s 5,000+ locations across Poland in order to shop, pay and play online. Ukash is a secure payment method which enables consumers to spend cash online by exchanging notes and coins for a voucher in convenience outlets such as shops, petrol stations and kiosks. Ukash is accepted across many online sectors, including retail, gift cards, dating and gaming, and can be used to pay at thousands of websites worldwide.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies posted a 4Q/13 net income of $447,087, down from non-GAAP net income of $557,393 and total revenues of $10.6 million. Approximately 82% of total revenues stemmed from license and transaction fee revenues, which are largely driven by connections to USAT’s comprehensive and turnkey cashless payment and M2M telemetry service,…
Beating average credit card industry growth last year Discover credit card loans grew $2.0 billion, or 4%, to $53.1 billion at year-end 2013. Discover reported fourth quarter volume for PULSE was flat as Diners Club volume declined 5%, offset by a 5% gain in proprietary volume and 6% gain in network partners volume. Transactions processed on the Discover network rose 5% in 2013 to 1.95 billion while PULSE transactions declined 3% to 4.19 billion for last year.
First Data and The Members Group (TMG) have begun offering an expedited EMV™ implementation to qualifying TMG clients. First Data has qualified with both Visa and MasterCard to offer an expedited EMV credit card issuance program to financial institutions. The streamlined program, using standardized processes, supports TMG’s brand promise of “making life easier” for its clients by enabling them to launch their EMV programs quickly, efficiently and with reduced complexity.
Cardtronics has grown its U.S. ATM estate to 66,400 ATMs ” the result of adding 2,100 merchant ATM contracts when Cardtronics USA, Inc. acquired the ATM business assets of Chandler, Ariz.-based Automated Financial, LLC. The transaction was signed and closed on Feb. 6; terms of the deal were not disclosed.
JetPay Card Services announced the addition of Ralph A. Bianco as Executive Vice President and General Manager. Mr. Bianco is leading the Company’s pre-paid card division that will offer Visa branded reloadable cards plus Visa branded and private label gift cards. The prepaid card division will focus on delivering high value low cost products to consumers. The first products launched by this division, which will be announced later this month, will be aimed at consumers with or without a traditional bank account that need a safe and secure way to shop, save or budget for household expenses.
Discover has fully rollout of free FICO® Scores provided on the monthly statements of millions of Discover cardmembers, following the pilot launch to Discover it cardmembers, which occurred in November 2013. The FICO® Scores are based on data from TransUnion®, a world leader in consumer credit information. Discover is the first major credit card issuer to provide free FICO® Scores directly to its cardmembers on their monthly statements. In addition to providing free FICO® Scores to consumer cardmembers, Discover is providing the two key factors explaining what information from a person’s TransUnion credit report influenced his or her particular FICO® Score. Qualified cardmembers who have Discover More, Discover Open Road, Discover Motiva, Miles by Discover and Escape by Discover cards will receive their free FICO® Scores based on data from TransUnion directly on their monthly statements.
JetPay Card Services added Ralph A. Bianco Executive VP, General Manager to lead the Company’s pre-paid card division that will offer Visa branded reloadable cards plus Visa branded and private label gift cards. The prepaid card division will focus on delivering high value low cost products to consumers. The first products launched by this division, which will be announced later this month, will be aimed at consumers with or without a traditional bank account that need a safe and secure way to shop, save or budget for household expenses. Of particular importance is to create products that will be attractive to consumers that have limited access to financial services and who often spend exorbitant amounts each payday to cash paychecks and pay bills. He holds a degree in electro-mechanical engineering from City College of New York and is a graduate of the Executive Program of the Darden Graduate School of Business Administration at the University of Virginia.