Wincor Nixdorf has launched a tablet-based BEETLE mobile POS system. The solution is designed to meet the requirements of international retail companies who plan to enhance their customer engagement with mobile POS capabilities. The BEETLE mobile POS solution offers the flexibility and scalability to be used either as a queue buster, taking mobile payments or offering customer information on the shop floor, or linked to back-office systems to carry out admin tasks such as stock taking or inventory ordering. The solution has also the flexibility to operate as a fully functioning stationary POS terminal, when locked into its purpose-built docking unit and POS Device Hub. All relevant interfaces are available to connect the tablet with cash drawer, barcode scanner, receipt printer, customer display, checkout scale or any other device.
Credit card attrition has slowed by more than three percentage points over the past twelve months. Based on credit card data from Chase, annualized attrition dropped from 11.7% in the third quarter of 2012 to 8.6% in the third quarter of 2013. Over the past year Chase opened 5.6 million new credit card accounts, but its total account base grew by only 500,000 accounts. On a quarterly basis the Chase attrition rate is running at 2.3%, down significantly from 3.9% in the third quarter of 2012, according to calculations by CardData.
Intellicheck Mobilisa Obtains U.S. Patent for Enhanced ID Check Technology That Verifies Age and Displays Sample ID for Reference
Intellicheck Mobilisa wireless security systems obtained a U.S. patent for a technology that reads the information encoded on an ID card, authenticates and displays the bearer’s birthdate, and also displays a sample reference image of the ID just scanned to assist in the authentication process. This is Intellicheck Mobilisa’s 17th patent issued. The new patent builds on the Company’s existing ID Check technology that can instantly read, parse, compare and display encoded data from the barcodes on government-issued IDs. Intended to prevent the sale of age-restricted items to underage buyers, it provides the user with a readout that displays the age of the ID card bearer and verifies the card’s expiration date. A “license background graphic” shows the user a sample image of what the ID just scanned should look like. The technology currently includes sample images of driver licenses from every U.S. state and Canadian province.
The once “red-hot” Chinese economy continues to cool off. The OECD Composite Leading Indicator (CLI) has declined for four consecutive quarters. The year-on-year change in the China CLI was 10.6% in the third quarter, the lowest in more than three years, down sharply from the 16% and 17% of 2006 and 2007. Private domestic debt has soared from $9 trillion in 2008 to more than $23 trillion in 2013. While most of the money has been poured into infrastructure and expanding manufacturing capacity, it has also fueled credit card spending.
North Shore Bank is the first financial institution in Wisconsin to serve customers with video teller ATMs, the bank and NCR Corporation just announced. This allows for extended service hours – a 30 percent increase over former banking hours – and a friendly and efficient customer experience. APTRA Interactive Teller was developed by NCR, the global leader in consumer transaction technologies, which lets people talk to a live remote teller and give the teller remote control over the machine to conduct transactions. The efficiency and security created through the centralization of tellers enables financial institutions to transform their branch locations into more effective service and sales environments.
Payoneer announced today it has signed a partnership with Quantium Solutions Inc. of Japan to provide global cross-border payment solutions for Quantium’s international e-commerce and mail-order business operators. Under the terms of the partnership, Quantium customers can become Payoneer accountholders, so they can more easily receive commercial payments from companies in the U.S. and around the world. Payoneer’s secure and trusted service can be utilized by a wide range of international e-commerce and mail order business operators, providing customers with full control over their money and providing the ability to withdraw funds to their local bank account or at local ATMs. Payoneer offers multilingual, 24/7 customer service and web support, and mobile applications for users across the globe.
CINEO C4090 from Wincor Nixdorf is a system that can provide a wide range of banking services both with staff assistance and on a self-service basis. Typical application formats are mainly traditional branch formats. It allows bank staff to focus primarily on advising customers and selling products, but also to be available to assist their customers, where needed, with standard transactions on the CINEO C4090. A further advantage of the solution is that the wide range of services can continue to be offered outside opening hours.
Allied Wallet online credit card processing, multi-currency merchant services, and a PCI Level 1 secured payment gateway, has acquired one of the largest Chinese payment processors in Hong Kong, CloudAsia. Allied Wallet began its talks with CloudAsia in mid-2013 and took note of CloudAsia’s exemplary growth in Asia. CloudAsia quickly picked up e-commerce merchants all over Asia with a service that Allied Wallet considers very similar to their own in quality. Allied Wallet has acquired the fast-growing Chinese payment processor and believes this will stimulate their growth in Asia. Acquiring the Chinese payment processor will give Allied Wallet more access to consumers and local banks in all regions of Asia including Indonesia, Korea, Malaysia, and mainland China.
North Shore Bank is the first financial institution in Wisconsin to serve customers with video teller ATMs, the bank and NCR Corporation announced today. The technology, in place at North Shore Bank’s newest branch, allows for extended service hours – a 30 percent increase over former banking hours – and a friendly and efficient customer experience. APTRA Interactive Teller and it is the only ATM-based technology that not only lets people talk to a live remote teller, but also gives the teller remote control over the machine to conduct transactions.
Virtual Piggy safe youth payments technology, Oink, announced that it has teamed with WorldPay US to increase its strategic 2014 merchant acquisition plans within the teen market. The WorldPay payment processing platform is used for in-person credit and debit transactions, online and mobile payments. Oink’s relationship with WorldPay will bring the safe youth payments technology to the WorldPay merchant network and facilitate integrations into teen focused retail websites and shops. Oink is the only COPPA-compliant payment technology designed to allow retailers and game publishers to reach under 21 consumers in a safe, legal and effective manner.
Wincor Nixdorf announced agreements with Datec Retail Systems to take over its business. Effectively, Wincor Nixdorf will be adding highly specialized expertise to its own software portfolio for retail companies and will be taking over employees from DATEC. DATEC specializes primarily in data integration as part of omni-channel and merchandise management processes and has its own software, which makes sales advice and payment and merchandise management functions available on mobile devices such as tablets. Mobile devices are growing in importance in retailing for customer consulting and store management. The acquisition is part of Wincor Nixdorf’s recently announced move to expand its software business.
Wincor Nixdorf is set to launch a new tablet-based BEETLE mobile POS system to meet the requirements of international retail companies who plan to enhance their customer engagement with mobile POS capabilities. The BEETLE mobile POS solution offers the flexibility and scalability to be used either as a queue buster, taking mobile payments or offering customer information on the shop floor, or linked to back office systems to carry out admin tasks such as stock taking or inventory ordering. The solution has also the flexibility to operate as a fully functioning stationary POS terminal, when locked into its purpose-built docking unit and POS Device Hub. All relevant interfaces are available to connect the tablet with cash drawer, barcode scanner, receipt printer, customer display, checkout scale or any other device. The newly released Aevi solution portfolio represents the culmination of all Wincor Nixdorf’s experience and know-how in the area of cashless payment transaction processing and provides an End-to-End mobile POS solution for larger retailers.