[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Discover U.S. Spending Monitor fell 4 points to 92.4 in July, in response to a decline in confidence in the economy from consumers- especially those making less than $40,000. Consumers also grew more pessimistic toward their personal finances last month, which correlated with a decline in discretionary spending intentions. The…
Chase Paymentech merchant acquirer, payment processor and subsidiary of JPMorgan Chase announced the launch of “Chase Checkout” – solutions to help merchants seamlessly accept payments however they do business: in store, online or on the go. Merchants can now securely and efficiently accept card payments from their smartphones with the new Chase Mobile Checkout app and encrypted card reader. Chase Checkout helps merchants accept debit and credit card payments effectively and securely, whether a card is swiped on a merchant’s Apple® or AndroidTM-enabled smartphone, entered online or provided at a retail location. Chase Checkout gives merchants the convenience of working with one trusted provider – with integrated reporting, 24/7 live U.S.-based customer support and a commitment to security- when they accept payments Mobile Checkout; Retail Checkout; and Online Checkout. Chase Mobile Checkout is ideal for merchants who are interested in growing their business by taking payments wherever their business takes them.
Diebold, Incorporated (DBD) and Cash Transactions LLC (CashTrans), a Diebold certified dealer, are helping LGE Community Credit Union transform its branches into efficient environments that combine self-service and personal interactions. The Georgia credit union’s new Roswell-based branch, scheduled to open later this year, will feature four banking stations equipped with customized Opteva automated teller machines (ATMs) and a collaboration area where LGE representatives can interact with members. LGE is working with CashTrans to install Diebold RemoteTeller™ Systems at several branches and allows members to complete teller-like, envelope-free cash and check deposits.
Payment security and compliance solution provider ControlScan has announced a new PCI SAQ solution with an all-new “smart” version that significantly simplifies SAQ completion and revalidation for merchants of all sizes. To reduce business risk, ISOs, acquirers and other merchant service providers (MSPs) encourage the merchants they serve to become compliant with the PCI DSS and validate that compliance by completing the SAQ. SmartSAQ is an interactive, cloud-based application that features a contemporary user interface, intuitive question presentation and go-to support tools that save merchants time while boosting their SAQ success rate.
Chase disclosed it “is committed to providing cardholders with a first-rate mobile payments experience. Based on the positive results in Austin and Salt Lake, we are pleased to expand our relationship with Isis and provide Chase cardholders nationwide with another quick, convenient and secure way to use their credit cards for everyday spending while on-the-go.” Chase subsequently plans to allow Chase Freedom, Chase Sapphire, Chase Slate and JPMorgan Palladium cardholders to be able to load their cards into the Isis Mobile Wallet and tap to pay at thousands of retail locations.
First Southern Bank is pleased to announce that it has selected transmodus to provide remote deposit capture with its check process automation functionality to its business clients. The transmodus check solution allows First Southern Bank’s clients to utilize one comprehensive system that handles the entire cycle of check processing. With the transmodus solution, a client simply scans a check from his/her location using a remote scanner, and the deposit is processed. The client receives automatic notifications, custom reporting and can monitor every step of the deposit 24/7/365 in real-time.
Ukrainian Processing Center (UPC) ePayment processing chose Web FASTest from Paragon Application Systems, for their ePayment testing platform. UPC selected Web FASTest because it was the only solution that provided a centralized, web-based testing platform for use by UPC customers, vendors and internal users for certification testing, function and regression testing, and development of new ISO 8583 financial message interfaces. Web FASTest is the hub of UPC’s testing and development program. UPC Member Banks conduct online pre-certification testing and online certification using Web FASTest. Outside developers use the software development kit in Web FASTest to develop and test their own ISO 8583 financial message formats. Internal users employ Web FASTest for functional testing and plan to use it for regression testing, stress testing and building detailed testing reports.
WEX corporate payment solutions announced Creative Holidays has deployed its virtual credit card technology. Creative Holidays will implement the WEX virtual card solution through WEX subsidiary, Wright Express Australia. With single use virtual cards, every transaction uses a unique card number. This one-to-one payment process not only minimizes fraud risk, it also enables companies to more easily track payments, helping boost back-office efficiency, eliminate physical paperwork and reduce bank fees.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data Corporation electronic commerce and payment processing released its “SpendTrend” analysis for July, compared to July 3-31, 2012, tracking changes in same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks. July’s dollar volume growth of 7.7% marked a 12-month high and an uptick from…
MoneyGram distributed its first grants awarded through the MoneyGram Foundation. The Foundation, launched late last year, was established with a mission to help children around the world gain access to educational facilities and learning resources. The MoneyGram Foundation believes that education is at the heart of better economic opportunities, healthier families, and individual freedom and empowerment. Through the Foundation, MoneyGram grants funds to worthy organizations working to give children the best education possible. The MoneyGram Foundation chose eight organizations from hundreds of applicants. The programs span the globe, impacting thousands of children in six different countries and exemplifying the Foundation’s guiding principle of “inspiring minds and improving lives.” Currently, MoneyGram funds the Foundation through a monetary gift and access to in-kind resources. Recognizing the enormous need around the world for access to basic education, the Foundation plans to expand its funding support through contributions from others later this year.
VeriFone Systems will begin installing payment systems for the new class of for-hire vehicles (FHVs) established to increase service to upper Manhattan and the New York City outer boroughs. New York City’s “Five Borough Taxi” plan enables the city to sell 6,000 street hail livery permits a year for three years. The new class of FHVs will be green in color and permitted to accept street hails north of East 96th street and north of West 110th street in Manhattan, and all of the other boroughs excluding the airports. VeriFone payment systems are now available to the new green FHV drivers who are required to have installed a Livery Passenger Enhancement Program (LPEP) approved integrated hardware and software system that includes a credit card acceptance device, a GPS unit, a driver information screen, and a passenger information screen enabled with an ADA-compliant payments system for the visually impaired.
CashStar will present at this week’s Financial Mobility Summit in Las Vegas. Addressing the steps retailers can take to navigate a crowded field to realize success in mobile payments and loyalty, attendees will leave with the ability to apply lessons-learned to their mobile marketing strategies and will gain an understanding of the power of branded currency to deepen customer relationships and increase retail sales in-store, online, and via mobile. CashStar will provide retailers the practical roadmap for transforming gift cards to mobile payment cards, and mobile apps to branded wallets. Joined by executives from Clutch and Card.com, Cornfield will explain how the convergence of gift cards, offers and loyalty programs will enable retailers and brands to influence and capture a greater share of consumer spending, increase frequency and loyalty, combat showrooming, and more.