WorldPay payment processing announced Valve, creators of best-selling game franchises and leading technologies selected its payment services for processing video game transactions globally. Valve required a payment provider that could optimise global reach and maximise transaction acceptance amongst video gamers, particularly during Steam’s eagerly anticipated holiday sales. Valve chose WorldPay based on WorldPay’s experience processing within the video game industry and long-standing international experience. WorldPay provides scalable payment services that will grow alongside the Steam platform, supporting new technologies and territories.
ReD fraud prevention provider and Worldline, Atos subsidiary for e-payment services, have announced a partnership to enrich Worldline’s payments and fraud prevention solution with ReD’s specific and acknowledged fraud expertise. Worldline will strengthen its current fraud management and scoring solutions to provide its clients with sector-specific business fraud rules. With these enriched solutions, Worldline will be able meet the expectations of its most demanding merchants. This new strategic partnership will see ReD’s real-time fraud prevention service, ReD Shield®, made available to Worldline’s merchant customers throughout the world – in France, Benelux, Germany, UK, Spain, India and other Asian countries.
MasterCard announced a 10-for-1 stock split of the Company’s common stock to be effected through a stock dividend; An 83% increase in the Company’s quarterly cash dividend to $1.10 per share ($0.11 per share after the stock split); and a new share repurchase program authorizing the Company to repurchase up to $3.5 billion of its Class A common stock. The record date for the 10-for-1 stock split is the close of business on January 9, 2014, with share distribution scheduled for January 21, 2014. As a result of the split, shareholders will receive nine additional shares of MasterCard common stock for each share they hold as of the record date. Total shares of common stock outstanding will increase from approximately 120 million to 1.2 billion based on the Company’s share count as of December 5, 2013.
Aconite EMV transaction processing and chip card issuing solutions, is proud to announce that a solution enabling the real-time provisioning of EMV applets onto NFC-enabled mobile phones has been implemented at International Card Services (ICS), the largest credit card issuing business in the Netherlands. ICS is already a customer for Aconite’s Affina® Enterprise smart card lifecycle management system for issuing and maintaining their extensive cardbase of MasterCard and Visa credit cards. As a part of this program, Aconite have enhanced Affina Enterprise to allow ICS to generate mobile EMV applet data and to deliver it in real-time to NFC handsets via a TSM service. The solution has the advantage of enabling ICS to manage both card and mobile issuance from a single system.
Research and Markets announced “Latin America Online Payment Methods 2013 – Second Half 2013” report to their offering. The new Latin America Online Payment Methods 2013 – Second Half 2013 report indicates that online payment continues its growth in the emerging markets of this dynamic region. Because of the number of consumers who use mobile phones but have no relationship with a bank, mobile payments also have a great potential for growth. Development of online payments in Latin America is encouraged by increasing banking coverage of the population and growing acceptance of online shopping. Governmental regulations also are generally designed to stimulate growth. Local and international online payment service providers are increasingly active in the region: Brazil based MercadoPago, reached over 20 million transactions in Latin America in 2012, and US-based SafetyPay secured several millions USD investment from a World Bank subsidiary to facilitate online payments in Latin America. Mobile payment also has a great potential to develop in the region, driven by growing smartphone penetration.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total nonfarm payroll employment rose 203,000 in November, and the unemployment rate dropped from 7.3 to 7.0%, having declined 0.6 percentage point since June. Meanwhile, the number of unemployed persons, at 10.9 million, saw vast improvement as layoffs decreased by 377,000 over the past month, according to the U.S. Bureau of…
Evolve Money™, the first online and mobile app that makes it easy for people to track and quickly pay more than 10,000 bills using cash, now offers people more choices of how to pay with the addition of debit and prepaid cards. Launched this summer by PreCash, Evolve Money is gaining traction as a fast, affordable and secure way to pay bills from one place and is an alternative to bank bill payment services. Evolve Money is available as a free Android mobile app from Google Play, and other smartphone, tablet and computer users can use Evolve Money by visiting www.evolvemoney.com.
China’s economy has hit the breaks the past two quarters. The current Composite Leading Indicator (CLI) has leveled out at 10.8%, the lowest in four years according to RAM Research. The HSBC/Market Purchasing Managers’ Index is now 50.8 in November slightly down from October. Reuters says China’s economy is forecast to grow 7.5% in the fourth quarter, which is slower than previously forecast and represents a 14 year low. However, there is a sign of resilience as China’s leaders eyeball the yuan’s trading band and potential approval of privately-held banks. RAM Research predicts China’s CLI will drop to 10.5% at year end.
Square launched a new design for Square Registe POS solution. The design’s refined aesthetic introduces a smoother, more intuitive experience for both merchants and their customers, and optimizes for efficiency, simple customization and ease-of-use. It also provides a consistent experience across Android and iOS 7, and with Square web dashboard, Square’s back office solution. For many businesses, speed and efficiency at the counter is critical. Square Register’s new navigation is intuitive and ergonomic for a faster workflow that keeps the line moving. Design details improve the interaction between buyer and seller; for example, the timing of how Register screens change is designed to correspond with how customers naturally order during a lunch rush.
PlayPhone mobile social gaming partnered Vivo to expand its social game store and global gaming network to its customers. This partnership is the latest in a rapidly expanding list of key carrier partners including Verizon, Claro Brazil, SingTel and Sprint, to adopt PlayPhone’s turnkey social gaming platform. With the addition of Vivo, PlayPhone now reaches over 870 million mobile customers. PlayPhone Games enables Vivo customers to discover, download and play a wide variety of the latest popular games with friends from around the world in a single app. It’s the first aggregated mobile games store for Vivo customers that offers secure direct carrier billing, and it provides gamers with a unique, deeply social set of gaming features. PlayPhone Games is personalized to each player’s gaming habits, their friend network and the games their friends are playing, exposing players to very targeted content and making it easy for players to instantly connect with friends to play and share favorite games together.
Expanding its membership base in Brazil, the Open Standard for Public Transport (OSPT™) Alliance announced that Planeta Informática has joined as a Full Member. Planeta Informática’s long experience in public transportation consulting and support will help accelerate development of new solutions based on open standards that enable public transport operators to more easily migrate existing fare collection systems and achieve greater security, interoperability, and cost-effectiveness.
NCR announced Lukoil is improving the customer experience and increasing operational efficiency by deploying NCR’s latest point of sale (POS) software and hardware for petroleum and convenience stores. NCR’s POS solution will be implemented at more than 170 petrol station convenience stores in Belgium by the end of 2013. The relationship between NCR and Lukoil is also expanding in Central and Eastern Europe (CEE) as legacy POS equipment is updated to the new NCR technology. This covers more than 400 sites in six countries, including the Czech Republic, Poland, Slovakia, Hungary and Luxembourg. NCR facilitates cross-functional promotions and rewarding customers for their loyalty when visiting Lukoil petrol station convenience stores. It also provides a platform for Lukoil to utilize a NCR Software as a Service (SaaS) solution, as Lukoil seeks to further enhance the shopper experience in the future.