BANAMEX launched iAcepta Móvil Banamex, an application developed by Stratus Technologies Mexico / Central America called S-Pay mobile POS. Compatible with handheld devices to make completely secure mobile payments, the immediate benefit is that those providing goods or services can take payment from their clients immediately and securely using credit or debit cards with an incorporated chip. This is the first mPOS solution from BANAMEX that meets EMV certifications and can accept payments from MasterCard or Visa chip cards. To build this solution Stratus worked with its Ecuadorian partner B-Wise (Business Wise), which is a pioneer using this technology in the continent.
Wincor Nixdorf is opening a new representative office in Nigeria. This is intended to support the company in implementing the country-specific requirements of its partners and customers more rapidly and precisely in the form of tailored technology solutions. In addition, a local presence will improve customer service even more in order to support the business expansion with solutions from Wincor Nixdorf. Measured in the number of delivered ATM units, Wincor Nixdorf is already the clear market leader in Nigeria and No. 2 in Africa as a whole. Among its customers are nine of the ten largest Nigerian banks. And the potential is immense: according to the Central Bank of Nigeria (CBN), the country’s dynamically growing financial institutions plan new installations of up to 70,000 ATMs over the next ten years.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data payment processing released its SpendTrend analysis for June, compared to June 2012. Tracking same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations, SpendTrend found year-over-year dollar volume growth was 7.1% in June, compared to May’s 6.0% growth. Despite falling…
C-SAM secure mobile transactions technology offering a range of mobile-based applications for financial as well as non-financial services announced Kurt Weiss and Conrad Sheehan have joined the company as managing director of global financial institutions and vice president and general manager of strategic initiatives, respectively. Weiss will work closely with financial institutions and networks deploying C-SAM’s mobile transaction platform that enables NFC, QR, cloud and remote payments, as well as location-based services. Sheehan will be responsible for global strategy and the implementation of key international projects for C-SAM. Weiss previously worked at Citigroup as the Director of Digital Networks & Mobile for the Fortune 20 Bank’s Citi Enterprise Payments group where he was responsible for the commercialization of digital network payment ecosystems leveraging Citigroup’s core payments infrastructure on a global basis. Sheehan founded mPayy Inc., an electronic payment company focused on NFC-stored value payments for transit authorities and private sector companies (the company was later licensed to NTT DATA where he then led North America payments solutions).
Zale Corporation has signed a new, multi-year private label credit card program agreement with Alliance Data Systems Corporation. Through its Comenity Capital Bank (“CCB”) subsidiary, Alliance will provide private label credit cards to customers of Zale in the United States. Following the completion of program implementation during the first half of fiscal 2014, Zale will begin to receive benefit from Alliance Data’s extensive marketing, analytical and technical services. For each of Zale’s U.S. brands, Alliance Data will provide proven marketing and database capabilities, sophisticated analytics and a suite of omnichannel marketing tools designed to generate sales and extend brand affinity. Alliance Data will also provide a portfolio of innovative tablet and mobile marketing solutions for fine jewelry that are designed to optimize cardholder acquisition and retention. In addition, Zale will receive a commencement payment in July 2013 from CCB.
Square announced the public availability of Square Stand, Square’s beautiful hardware that helps brick and mortar businesses turn an iPad into a complete point of sale. Square Stand”and third party accessories, like a cash drawer, receipt printer, and barcode scanner”is now available online via squareup.com/stand, with purchases shipping this week to customers who placed pre-orders. Starting today, customers will also now be able to purchase Square Stand in Apple retail stores and Best Buy stores across the U.S. With local businesses increasingly tearing out their old point of sale systems to run Square Register, the free point of sale application, Square Stand gives merchants a beautiful, secure, and reliable way to manage and grow their business, all for $299.
Accenture launched its Accelerated R&D Services, a business service focused on delivering streamlined and integrated research and development (R&D) functions that will help pharmaceutical companies bring new medications to patients using a more collaborative and efficient approach. Accenture is investing more than $200 million to deliver this fully-integrated, technology-enabled global business service that will drive more efficient and effective development of pharmaceutical products for clients. Accelerated R&D Services will leverage capabilities of the cloud, mobility and analytics to deliver integrated functions across clinical development, regulatory submissions, pharmacovigilance and market launch predicated on delivering better patient outcomes. Accelerated R&D Services helps life sciences companies bring drugs to market faster, at less cost and with reduced execution risks using a pay-for-performance business model for business process outsourcing.
Virtual Piggy integrated its youth-friendly payment system with Claire’s Stores, Inc. ecommerce website at www.claires.com. With over 1,500 stores in approximately 90% of all major U.S. shopping malls and in 35 countries outside of the U.S. Claire’s is a world-leading retailer of jewelry and accessories for young women, teens, tweens and girls. 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.
Tsys successfully achieved Europay/MasterCard/Visa (EMV) payment processing certification. This certification signifies that all TSYS processing platforms have achieved the card brands’ mandated requirement that acquirer processors be able to process EMV chip-based contact, contactless and mobile transactions. TSYS passed extensive test parameters on its payment processing platforms for each card brand. EMV provides another layer of protection against the use of counterfeit, lost, or stolen payment cards and also against skimming. Issuers, merchants, and consumers as well as acquirers/processors all benefit from EMV.
Allied Wallet online credit card processing, multi-currency merchant services, state-of-the-art payment processing, digital eWallet solutions, software development, and a PCI Level 1 payment gateway, has recently been deemed a Principal Member of MasterCard. Now an official member of MasterCard as an acquirer, Allied Wallet has been given its own MasterCard BIN, Bank Identification Number and can now assign MIDs, Merchant Identification Numbers, to merchants at even lower discount rates. Merchant and customer transactions will all be monitored and protected under Allied Wallet’s in-house, PCI Level 1 Security.
The Commerce Trust Company, in conjunction with Commerce Bank, is offering its clients greater flexibility and security for their purchases at international locations by adding the new World Elite MasterCard® product to its private banking card portfolio. The chip-enabled World Elite MasterCard offers private banking clients improved ease of use when travelling internationally, no foreign transaction fees, and enhanced reward options. The World Elite MasterCard has no preset spending limit and provides cardholders with airport lounge club membership, one-day card replacement delivery to U.S. and global destinations* for lost or stolen cards, and a dedicated 24/7 customer service line and enhanced servicing.
payvia direct carrier billing mobile payments partnered to integrate its mobile payments technology with Mobile-XL, whose feature phone browsing platform provides access to digital services such as Facebook, Twitter, email, news, sports and games for millions of people in Africa and India. Mobile-XL browsers use SMS as a data channel, creating an innovative solution that gives feature phone users access to a wide range of digital content. By adding payvia’s mobile checkout into services on the Mobile-XL browser, the partnership will let consumers purchase digital goods and services with two-click payments made from their prepaid carrier airtime. This means that millions of feature phone users will have a fast and secure way to transact across services like social media, communications, news and games, without requiring a bank account or credit card.