Pay2Mobile, Cumberland Building Society’s new mobile payments service, now allows the Cumberland’s internet banking customers to send money simply and securely to a friend or relative’s Cumberland current account using just their mobile phone number, without needing to share account details. Customers are able to download the free Pay2Mobile app, available on iOS and Android. The Pay2Mobile app also includes ‘Balance Peek’ which allows customers to check the balances on their Cumberland accounts without having to log on to mobile banking.
Wincor Nixdorf will present a B2B marketplace for Android-based apps that retailers can use to manage their stores, enhance their sales and payment processes and provide value added services. A multifunctional payment tablet is the enabling technology for this innovative software platform concept. The “Aevi” portfolio – an ecosystem of integrated solution components – represents the culmination of all Wincor Nixdorf’s experience and know-how in the area of cashless payment transaction processing. Wincor Nixdorf established a new business unit, Cashless Payment Solutions, to focus on the needs of the strongly growing cashless payment market. Its Aevi portfolio comprises three solution blocks: Aevi Pay, Aevi Money and Aevi Marketplace.
Transit Link and MasterCard announced a collaboration that will see the start of MasterCard card payment acceptance for transit services. With this agreement, commuters will now have an additional way to pay for transit top ups, card replacements and other services. The use of card payments – including contactless (MasterCard® PayPass™) – will supplement the range of options currently available to commuters in a sector traditionally dominated by cash-based transactions, and reduce the amount of time spent queuing for and processing payments. With over five million trips made on public transit across the island daily, TransitLink’s Ticket Offices, which are located at select MRT stations, bus interchanges, major bus stops and several key locations, are key points at which many commuters add value to their transit cards. This collaboration augments TransitLink’s current online and mobile payment offerings to provide positive customer experiences and enables both organisations to further explore joint projects in the transit payment arena.
R.K. Hammer, in this 3rd of their annual series of year-end card industry reports, indicates that the card business saw a fee income decrease of $2.6 billion in 2013, compared to 2012; $79.9 billion vs. $82.5 billion a year earlier. New regulations and legislation continues to have an impact. Post-recession card fees have been fairly flat for the past five years, according to R.K. Hammer…
GlobalPlatform announced its Board of Directors for fiscal year 2014*, following annual elections for six of the eleven Board seats. Individual members to serve as Board Officers for a one-year term have also been confirmed, as well as the appointment of a new Mobile Task Force Chair. Marc Kekicheff – Senior Business Leader of Chip Innovation at Visa Inc. retains his position as Chairman. Uwe Wittig – Group Vice-President within the Mobile Security Business Unit at Giesecke & Devrient continues as GlobalPlatform Vice-Chairman; and Yves Moulart – Director of Development and Innovation within STMicroelectronics’ Secure MCUs Division, Integrated Secure Solutions, is again confirmed as GlobalPlatform’s Secretary / Treasurer. First-year members to serve a two-year term include Yves Moulart, Simon Moore, Solutions Architect – ARM, Rémi de Fouchier, Vice-President, Marketing Communication – Gemalto, Arnaud du Chéné, Vice President, Head of Product Quality within Global Chip & Contactless Solutions – MasterCard Worldwide and Sebastian Hans, Senior Standardization Manager – Oracle. Additionally, Jon Geater, Chief Technology Officer at Trustonic was elected to serve a one-year term.
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.