ERN announced its partnership with SCCP Group’s mobile payment platform Swiff, to enable merchants in Europe and Asia to analyse behavioral transaction data captured by Swiff platform in real time. Swiff mobile payment platform is designed to help merchants make and receive card payments using mobile devices to allow fast, easy and secure card transactions. With this new partnership with ERN, the transactional data captured by Swiff can be analyzed in real time by ERN’s Looop platform, enabling merchants to create personalized offers for individual customers delivered directly to their smartphone. ERN recently announced a three-year strategic partnership with FICO (NYSE:FICO), a leading predictive analytics and decision management software company.
Aconite smart card issuing and processing solutions is deploying its “Aconite” PIN Manager at Nets card payments processor. Nets needed a PIN management solution that would deliver improved customer service and cost savings to their card-issuing clients. Aconite PIN Manager enables competitive differentiation by moving away from the more expensive and risk-prone paper PIN mailers to secure electronic PIN delivery methods. Nets also wanted to simplify operational management, ease compliance and reduce complexity. Aconite PIN Manager is a highly secure PIN management system that delivers a range of features that can be combined or implemented individually to meet specific organisational requirements and priorities. The features of Aconite PIN Manager include electronic PIN delivery, PIN generation, secure PIN storage, PIN verification and synchronisation of EMV Offline PIN across cards and hosts.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average credit card APRs remain unchanged since the December figure of 15.06% after averaging a meager .04% change over the past year. This stifles the momentum to the ebbing 2013 APR credit card averages and is only the second time APRs have been over 15% the entire year. This also follows…
Target today announced updates on its continuing investigation into the recent data breach and its expected fourth quarter financial performance. It has been determined that certain guest information — separate from the payment card data previously disclosed — was taken during the data breach. To provide further peace of mind, Target is offering one year of free credit monitoring and identity theft protection to all guests who shopped our U.S. stores. Guests will have three months to enroll in the program.
Optimal Payments announced that it has obtained principal membership status for merchant acquiring from MasterCard® Europe and Visa® Europe. The new merchant acquiring agreements are consistent with Optimal Payments’ strategy to strengthen and differentiate its products and follow the December 2012 announcement that principal membership had been obtained from MasterCard for card issuance. The agreements with MasterCard Europe and Visa Europe will allow Optimal Payments to directly acquire merchant accounts without the need for an acquiring bank, and process Visa and MasterCard payment transactions in the UK and the European Union for Optimal Payments’ merchants.
Pitney Bowes announced Ron Totaro its latest addition as General Manager, Global Financial Services. He will be leading a team that is responsible for the strategic planning execution and P&L of the global payments and leasing businesses for Pitney Bowes, bringing an extensive background of building global organizations, driving top and bottom-line growth and leading innovation in payments, financial services, technology and ecommerce businesses. Ron has held leadership positions at GE Capital, American Express and America Online, and has led strategic transformation and growth at FICO, ACI Worldwide and private equity-backed companies. Totaro holds an MBA from the Stephen M. Ross School of Business at University of Michigan and a BS from the State University of New York at Albany.
Hybrid PayTech World Inc announced today that Smart eMoney Inc. (SMI) and Hybrid PayTech Asia Inc. (Hybrid) have collaborated for the deployment of a pioneering mobile payment ecosystem platform to enable enterprise and retail businesses in the Philippines. SMI will use the HybridVIRTUO Ecosystem Platform for mobile point-of-sale (mPOS) roll-out which includes a unique host of solutions for easy integration with other existing payment systems. The scalable Hybrid platform will enable SMI to deploy a full suite of compliant mobile payment solutions for businesses and includes Hybrid’s HybridMPOS APPs, a mobile application built on the most popular operating systems for wireless devices such as Android, IOS, BB, and Win6,7,8.
Adyen multichannel payment solutions released findings from its analysis of how applying 3D Secure to all transactions can positively or negatively impact conversion rates on a per-country basis. Indicating 3D Secure has a positive impact on conversion rates in countries such as India, Russia and the United Kingdom, but has a negative impact in France, Germany and the United States when implemented on all transactions. However, the report shows that when 3D Secure is implemented only on specific segments it can actually increase conversions in these markets. Developed by the MasterCard and Visa card schemes, 3D Secure is an additional security layer for authenticating cardholders online. Traditionally, online merchants have adopted a binary view: they either implement 3D Secure across all transactions or not at all. By analyzing transactions processed on its payment platform, Adyen has detailed data about the impact of 3D Secure across its portfolio in selected countries. India, Czech Republic, Russia and the United Kingdom show the highest uplift in conversion rates where 3D Secure has been implemented on all transactions. In India, the uplift is almost 30 percent, and in the United Kingdom it is around 2.5 percent.
USA Technologies board of directors has received a letter from S.A.V.E. Partners IV, LLC stating that S.A.V.E. believes that USA Technologies should immediately commence a process to explore and evaluate all potential strategic alternatives, including exploring a sale. The letter was also included by S.A.V.E. as an exhibit to a publicly filed amendment to its Schedule 13D. Stephen P. Herbert, chairman and CEO responded: “I want to assure all of our shareholders, including S.A.V.E., that we fully recognize the market dynamics in which our company operates, and that our board of directors has appropriately explored, and continues to appropriately explore, any and all potential strategic alternatives in order to maximize shareholder value.”
Meritus’s Chargeback Management System (CBMS) is an integrated solution that provides the merchant with the information needed to help investigate and more effectively dispute chargebacks. Chargeback Management System is a secure add-on solution that is available through Meritus’ proprietary platform, Payment XP. This intuitive solution continually tracks and updates pending transactions, keeping you up to date and informed throughout the entire chargeback process. All new and existing chargeback cases are instantaneously available, so you can easily understand and prioritize your work. With Chargeback Management System merchants win 30% more of their disputes, resulting in a significant increase in revenue. Additionally, merchants who use CBMS substantially reduce their time spent on chargebacks, spending 40% less time per chargeback.
Glory Global Solutions will attend the National Retail Federation’s Retail Big Show 2014 to be held at the Jacob K. Javits Center in New York, January 13 – 14, 2014. The Glory booth will display a variety of cash management solutions including its award winning CASHINFINITY® Smart Cash Management solutions, the RBG-300 intelligent cash recycler and Quick Change self service coin deposit solution. Together they provide retailers with a wide assortment of productive, efficient and secure cash management systems designed to streamline cash processes. CASHINFINITY®, Glory’s Retail Solution offers iSMART Cash Management solutions that consist of total secure closed cash management, centralized control of cash inventory and optimization of all cash processes throughout a store. Working in conjunction with the retailer’s POS system, CASHINFINITY’s flexible design and innovation easily meets the needs of any store size, business segments and investment plan.
Ingenico and PAVO Inc., collaborated to develop the iWE280, a new generation of mobile cash register with electronic fund transfer capability (EFT-POS) as a consequence of a market organization required by the Turkish State. The iWE280 is designed to process a wide range of payments types; customers can use contactless cards such as NFC cards, bank and public transport cards, but also smartcards and cards with magnetic stripes.