Post Office has installed contactless payment terminals across 30,000 counter positions in its unrivalled network of over 11,500 branches across the UK. This makes the Post Office the biggest user of contactless acceptance technology in Europe allowing customers to pay for transactions of up to £20 using contactless cards and Near Field Communication (NFC) equipped mobile phones with a simple tap of their card or mobile phone at the counter position. The Post Office is currently undertaking the biggest transformation program in its history.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies cashless payment solutions posted its fiscal third quarter results with a 19% increase in total revenues to $9 million, including 26% increase in license and transaction fee revenues (“recurring revenues”) to $7.6 million, which represented 84% of total revenues for the quarter. Also, USA Technologies reported a 32% increase…
FIS will be showcasing its Mobile Wallet with Cardless Cash Access at FinovateSpring 2013. A white-labeled, cloud-based mobile payment and offer redemption solution that allows financial institutions to fully brand and manage the customer experience, while offering consumers convenience and best-in-class security. The FIS Mobile Wallet enables the issuer to facilitate mobile commerce, maintain control of customer and transaction data and, most importantly, keep an institution’s brand at the center of the customer experience. Consumers benefit from the convenient and easy-to-use mobile solution as well as financially from coupons, loyalty programs and merchant-funded rewards.
The Electronic Transactions Association (ETA), the trade association for the global electronic payments industry, and SCIL-EMV Academy, America’s EMV Training Experts, announced a new EMV and mobile payments training and education initiative. Designed exclusively for ETA Members, the program provides technical and business information and training to help the U.S. payments industry migrate to the new EMV chip based credit and debit cards. Initially, SCIL-EMV Academy will deliver five core workshops. EMV courses will be arranged privately onsite, online, and at SCIL-EMV Academy public workshops across the USA. The first EMV workshops will be administered in May, and will be available on ETA and SCIL-EMV Academy websites. For more information, ETA members should contact Stewart Chalmers at firstname.lastname@example.org or by telephone at 818-681-3588.
SunGard launched its IntelliMatch Operational Control solution for ATM & Card Reconciliation. This helps financial institutions achieve smarter operational efficiency by streamlining their ATM and Card reconciliation processes to help minimize costs and reduce risk. SunGard’s IntelliMatch Operational Control helps financial institutions deploy enterprise matching and reconciliation solutions. This helps with agile business growth through rapid on-boarding of new reconciliations, consolidation of infrastructure and processes for a lower total cost of ownership, and optimization of processes for greater business efficiency.
Western Union global payments has won three separate awards for its stored-value programs. They include a PayBefore Europe Best-in-Category Award for “Best Prepaid Incentive, Reward, Rebate or Loyalty Card Program” for the Western Union MyWU Prepaid Card; The PayBefore Award for “Best Network-Branded Gift Card,” a nod to the company’s unique “Gift and Greeting Card” program in the U.S.; and the Banking & Payments Asia Trailblazer Award for “Product Excellence in Prepaid Payment” for the introduction of general-purpose reloadable (GPR) accounts in the Philippines and India. The platform enables the company to introduce new stored-value solutions in markets around the world by joining forces with local companies.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data electronic commerce and payment processing released its “SpendTrend” analysis for April 2-29, 2013, compared to April 3-30, 2012, tracking same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations. Year-over-year dollar volume growth increased 5.1% in April, a slowdown from…
Earthport cross-border payments partnered Viamericas remittance payments to support its strategic growth outside the Americas, by which Viamericas will leverage Earthport’s global cross-border payment capabilities. Now Viamericas to expand its customer base internationally and provide more efficient, predictable and cost-effective direct-to-bank remittance transfers. As a company with an established service for the Latin American market, Viamericas was ranked by the Inter-American Dialogue as the first place remittance provider for the region in their 2012 Remittance Scorecard report. With remittance flows to the developing world expected to grow by 7.9% this year and reach a 10.7% increase by 2015, Viamericas needed a partner that could enable it to capture a bigger share of this growing market.
Trak won the top award of $10,000 at Electronic Transaction Association (ETA) Conference 2013 annual meeting and expo that took place in New Orleans on April 30 to May 2, 2013. The ETA, which is the trade association of the global electronics payments industry, oversaw the E-Pay Innovation Award funded by the Bill and Melinda Gates Foundation. Boleto is a unique barcode payment ticket that contains the customer’s unique purchase data and Trak’s bank information. Boleto is emailed to the buyer’s smartphone instantly, after checkout. Consumers can go with the printed Boleto ticket or equivalent proof of the email to any Brazilian bank, selected post offices, lottery agents, as well as some supermarkets for cash payments. Electronic verification is sent to Trak by the payment provider and the customer’s order is released by the retail store for pick-up or delivery.
The Nigerian National Identity Management Commission (NIMC) and MasterCard announced at the World Economic Forum on Africa the roll-out of 13 million MasterCard-branded National Identity Smart Cards with electronic payment capability as a pilot program. The National Identity Smart Card is the Card Scheme under the recently deployed National Identity Management System (NIMS). This program is the largest roll-out of a formal electronic payment solution in the country and the broadest financial inclusion initiative of its kind on the African continent. The Nigerian National Identity Management Commission (NIMC) will be issuing MasterCard-branded National Identity Smart Cards with electronic payment capability. This program is the largest roll-out of a formal electronic payment solution in the country and the broadest financial inclusion initiative of its kind on the African continent.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit up 7.75%. in February to an adjusted $848B, it slowed in March to $846B. Although rather stagnant against recent months, March revolving credit outstanding is way down from the year ago figure of $865.7B- an average figure over what would be the ensuing…
CPI Card Group financial, EMV, commercial card production has been awarded U.S. Patent No. 8,419,889 for its innovative secure card packaging technology utilized in CPI’s Ultra Secure Pack™ products. The technology allows CPI to offer a superior, tamper proof, cost effective product for point of sale card activation applications including open loop prepaid cards. CPI products covered by the patent will now be marked with U.S. Patent No. 8,419,889 to properly indicate CPI’s protected position and extend the benefits to their customers.