Global Payments Asia-Pacific Limited (Global Payments), a leading pan-regional card payment processor in Asia Pacific, and Dialog Axiata PLC (Dialog), a premier telecommunications service provider in Sri Lanka, announced the launch of an innovative mobile payment solution that turns a smartphone or tablet into a mobile point-of-sale (mPOS) terminal — the first of its kind in Sri Lanka. This award-winning mobile payment solution* enables merchants to accept card payments beyond a counter-top sales environment and wherever business takes them within Sri Lanka. This mobile payment solution helps small and medium enterprises (SMEs) quickly and easily establish a means to accept MasterCard(R) and Visa(R) card payments through a smartphone or tablet. The business can download a free app provided by Global Payments on their mobile device and connect it to a secure card reader to start accepting card payments instantly.
B+S Card Service launched its Electronic Payment Advice (EPA) reporting tool to UK merchants. The EPA function is a daily report format that integrates with merchants accounting software to instantly provide detailed payment information. Daily report format has to be seen with respect to agreed date of payment, i.e. report is only available after payments are completed. This integration presents relevant payment information quickly and clearly to merchants making it easier for them to attain an overview of transactions. EPA presents payment information in various levels of detail, from payment at invoice number level to individual transaction level offering merchants a convenient and immediate overview of their electronic payments.
In its efforts to continue pioneering innovation led banking solutions, UAE’s leading financial institution Mashreq announced the launch of ‘Mashreq Payport’, the region’s first fully EMV Chip & PIN compliant mobile POS solution, in partnership with MasterCard and with Swiff. For businesses that are dependent on cash to facilitate home deliveries or many other similar business segments, Mashreq Payport provides the ideal, convenient, secure and cost-effective solution. With Mashreq Payport, any standard smart phone can be converted into a full-fledged payment acceptance terminal, all that is needed is to download the Mashreq Payport app on the phone and insert the card in the accompanying device.
Fiserv launched its “Mobiliti: Tablet,” a turnkey ASP solution tailored for tablet users. With more than 100 banks and credit unions already committed to deploy the solution, “Mobiliti: Tablet” provides a functional, quick to market tablet banking capability. The downloadable application for iPad(R) and iPad mini provides users with access to their accounts in an interactive, touch-enabled format. Capabilities include bill payments, person-to-person payments, mobile deposit, an ATM and branch locator and built-in calendar and calculator functions. It also integrates with online banking solutions from Fiserv and the Popmoney(R) person-to-person payments solution, providing users with full access to digital banking functionality and social payment transactions. A downloadable application for Android(TM) tablets will be available in 2014.
MasterCard announced that Raja Rajamannar has been named Chief Marketing Officer (CMO). Here he assumes global responsibility for MasterCard’s advertising, sponsorships, promotions, research, insights, and digital and consumer marketing initiatives. Rajamannar previously served as Executive Vice President and Chief Transformation Officer at WellPoint, Inc, where he led the company’s new strategic direction and transformational agenda, and was responsible for managing its $10 billion Medicare Advantage business. He also managed various functions for the enterprise, including Marketing, Innovation, Corporate Development & Ventures, Consumer Data Analytics, Digital and International Operations.
Jack Henry & Associates’ JHA Payment Processing Solutions (PPS) division launched its expedited EMV implementation process for U.S. chip card issuance. Some chip card implementations may require direct project involvement by card brands. To get in front of any significant scheduling bottlenecks, partners like PPS can now manage installs for Visa issuers. For qualifying processor clients, Visa provides a streamlined EMV implementation path for select chip card profiles. PPS is the first processor to make such a program available to its financial institution clients. To qualify for the streamlined process, a processor must have successfully completed a prior U.S. chip issuance project with Visa as well as meet other eligibility requirements. PPS enables banks and credit unions to consolidate card processing services with a single point of contact for settlements, adjustments, and reconciliations.
Fiserv announced UMassFive College Federal Credit Union selected the Portico account processing platform and other integrated banking solutions. The credit union has expanded its relationship with Fiserv to offer banking via mobile devices with Mobiliti and Mobiliti: Tablet. In addition to Portico, UMassFive currently utilizes Virtual Branch® for online banking and bill payment, Card Services Debit Processing and Prologue™ General Ledger. The “Portico” provides an advanced technology in a cost-effective ASP environment that’s ideal for a wide range of credit unions. Tight integration between Portico and Mobiliti and Mobiliti: Tablet allows for a compelling interface and experience that helps to drive increased member loyalty across both the mobile and tablet channels.
PreCash launched its “Evolve Money” online and mobile app, allowing consumers to pay more than 10,000 bills without needing a bank account, credit, debit or prepaid card. This allows consumers to pay their bill for free or get a same-day, expedited bill payment at little cost. Cash-based consumers now can make fast, affordable bill payments online or from the convenience of a smartphone. The “Evolve Money” app also offers a payment management tool that tracks and keeps a history of all transactions. With this feature, cash paying users can manage their bills and finances with tools often only available to bank and credit card customers. The requisite “REloadit Packs” can be purchased for $3.95, and “Evolve Pay Bucks” for $3.00.
Virtual Piggy will provide its youth-friendly payment system to Mobile Chilli, empowering Mobile Chilli to offer a more secure and complete customer service for their U18 users. Mobile Chilli is a leading and trusted provider of mobile content, offering ringtones from top artists, mobile games, and over six million music tracks for download. They offer scores of excellent content thanks to partnerships with Universal Music, Sony, EMI, Warner Music and game companies. Their service is acclaimed for being fully transparent and having no subscriptions required. Virtual Piggy promotes financial management while empowering youth under 18 to make purchasing, saving and other money management decisions for themselves, within the boundaries setup by parents.
Amazon introduced the Mobile Associates API for Kindle Fire and other Android devices, enabling developers to merchandise millions of physical and digital items from Amazon.com within their apps and games. When using the new API, developers earn up to 6% on qualifying in-app customer purchases while providing customers an opportunity to easily buy and receive goods through Amazon’s secure 1-Click purchase experience and Amazon Prime shipping, where available. Until today, if developers wanted to create additional revenue channels for their apps they could use a “freemium” model with digital in-app purchasing or subscriptions, or by using mobile ads. With the Mobile Associates API, developers now have a new way to monetize their apps and games by offering contextually relevant goods across Amazon’s world class physical fulfillment network. The API can be used in the Amazon Appstore and in Google Play, and developers can learn more about integrating the new Mobile Associates API at: https://developer.amazon.com/blog.
TSYS announced an agreement with Discover to process PayPal payment transactions within the contiguous United States. In August 2012, PayPal entered into a service provider relationship with Discover under which PayPal obtains access to participating merchants’ brick and mortar locations through Discover’s technological infrastructure. PayPal offers consumers several advantages, one of which is that PayPal can serve as a single source to access customers’ credit or debit cards, bank accounts, PayPal balances, or Bill Me Later payment methods all stored in their PayPal accounts at a point-of-sale terminal.
MyCheck checkout app that allows you to view your bill live and pay for your check straight from your smartphone announced Version 3.0. Bringing a fresh new layout and interface to the application, users can now log-in to Facebook Connect; take a snapshot of a credit card and automatically populate their account information; log-in to PayPal via MyCheck for an additional payment option; and split the check evenly by percentage, by item, or evenly; and much more. MyCheck is PCI compliant, meeting the industry’s highest standards for protection of consumer information, and integrates seamlessly with Point of Sale systems. No special hardware is required.