USA Technologies wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries announced that the U.S. Patent Office has granted its 85th patent. Further extending USAT’s portfolio of intellectual property in the area of cashless payment and remote diagnostics, U.S. Patent #8,373,558 describes devices and methods for generating an alert for a vending machine. It adds to a collection of USAT patents related to cashless payment, remote audit and interactive transaction capabilities in a vending machine accumulated by USAT as a market leader for cashless payment and telemetry serving the small-ticket, unattended market.
Interactive Financial eXchange ForumThe Interactive Financial eXchange Forum and EPASOrg inked an MOU on the coordination on the development and delivery of ISO 20022 messages for the management of ATMs. The IFX Forum is an international non-profit industry association whose mission is to develop and promote the adoption of its open, interoperable standard for financial data exchange. Headquartered in Brussels, EPASOrg is an international non-profit organization with a mission to promote the widespread acceptance of EPAS standards, a series of protocols to ensure interoperability between card acceptance and acquiring solutions, integrated retail and terminal management systems. ISO 20022 is an international standard for financial services messaging. The IFX Forum actively engages in international standards activity, including longtime liaison with ISO TC68, a Memorandum of Understanding with ASC X9, and it is completing an effort to submit Extended Remittance content to ISO 20022.
MoneyGram is again hosting its annual Ultimate Cricket Fan contest, where one winner will receive an all-expense-paid trip to the 2013 ICC Champions Trophy cricket tournament held in the United Kingdom. As part of its sponsorship of the International Cricket Council (ICC), MoneyGram, a leading global money transfer company, is encouraging fans to submit a photo and a brief explanation on why they are the Ultimate Cricket Fan and should be selected to serve as MoneyGram’s blogger at the Champions Trophy semifinals and final. With this, Cricket fanatics have until April 17 to upload a photo in their favorite cricket gear on MoneyGram’s cricket Facebook page, along with a 150-word explanation defining how they are the Ultimate Cricket Fan. Ten finalists will be chosen to create a short video depicting their love and passion for the sport to upload on the company’s cricket Facebook page.
Payoneer global payments partnered Nubelo to provide multi-currency global payout solutions throughout Europe and Latin America. Nubelo is a fast-growing freelance service platform which allows companies to manage, from a distance, teams of freelancers. Nubelo will take advantage of Payoneer’s multi-currency payout options and provide their freelancers with access to payments in dozens of currencies. With freelancers throughout an array of Spanish-language countries and project management around the globe, Nubelo needed to have a solution that could easily coordinate complex global payments.
C-SAM secure mobile transactions technology and StarHub info-communication announced the newest update to the SmartWallet mobile app which will enable NFC and P2P mobile ticketing services. The mobile ticketing innovation is the world’s first NFC mobile wallet with P2P redemption of movie tickets. StarHub’s SmartWallet will allow customers to purchase Shaw Theatres movie tickets with their NFC-enabled mobile phones and then redeem these digitally stored entrance tickets with a single tap of the phone on a contactless reader at the cinema. This new capability reduces the time customers spend purchasing and redeeming tickets, creating a compelling and seamless customer experience for movie ticketing. Shaw Theatres, a leading theater group in Singapore, is the first company to deploy the NFC mobile ticketing service. SmartWallet offers three contactless payment card options: credit card, pre-paid card and an ePurse transit card.
Western Union made its services are now available in 13 of Myanmar’s 14 states and divisions, with the addition of 100 branches at Kanbawza Bank (KBZ Bank). Since the launch of Western Union Money Transfer services at six bank Agents in January this year, consumers from 74 countries including Australia, Canada, Japan, Malaysia, Singapore, Thailand, UAE, US, UK and other European countries, have sent money into Myanmar through Western Union. With the addition of KBZ Bank, the Western Union Money Transfer service is now offered through a combined network of 250 bank branches across seven divisions and six states in Myanmar.
Square 1 Bank banking partner launched its Square 1 Asset Management. A subsidiary of Square 1 Bank, the firm is a cash management solution designed exclusively for corporations and their institutional investors. Focused on adding value through a client-centered process of understanding risk tolerance and investment objectives and providing individualized investment advice, Square 1 Asset Management offers clients customized solutions tailored to meet their unique corporate cash management needs.
Simple Honey has been acquired by OpenCoin. Building the “Ripple” protocol for a new virtual currency and distributed open source payment network, OpenCoin will be composed of the simplehoney consumer engagement team to focus on usability. The simplehoney team has successfully launched targeted vertical applications for the travel and shopping categories. At OpenCoin, they will help build a new open source, distributed payments network and virtual currency called Ripples.
iZettle social payments company offers its customers have everything needed to take credit, debit, and cash transactions wherever they operate their business. iZettle users who need a cash drawer or an alternative to email receipts, the company’s Chip & Signature and new Chip & PIN card readers for iPhones and iPads can now wirelessly connect to Star Micronics’ range of MFi certified desktop and mobile printers. iZettle has also updated its free sales overview tools with easy-to-read graphs, sortable by year, month or week. The new metric boxes display revenue, top selling products, transactions, average payment volume and returning customers.
FIME testing and consultancy services for acquirers integrated the MasterCard Terminal Integration Process (M-TIP) questionnaire to its SAVVI test tool to validate that payment terminals are compliant to the MasterCard PayPass Specification v.3.0.1. The latest requirements from MasterCard support advancements in mobile payments, including features such as personal identification number (PIN) entry via a mobile device to authorise a transaction. All European acquirers must ensure that from 1 July 2013, M-TIP projects for point-of-sale (POS) terminals and automated teller machines (ATMs) comply to the latest MasterCard PayPass Specification v.3.0.1. Furthermore, from 1 January 2014, acquirers can no longer equip new merchants with PayPass v.2 terminals, as every deployment must be based on this latest specification. Ensuring compliance to the new MasterCard PayPass Specification will promote consistent and secure adoption of contactless and mobile payment transactions across Europe.
The Shareholders’ Meetings of SIA and of SiNSYS have approved the transnational merger through incorporation of Belgian subsidiary SiNSYS into SIA, thereby completing the process of integration of the two companies, aimed at further consolidating the Group’s international coverage and achieving greater operational efficiency with consequent economic advantages. The operation, effective from the beginning of 2013, does not entail any modification to the composition of the Board of Directors of SIA and provides for the cancellation without exchange of all the shares representing the entire corporate stock of SiNSYS, since SIA already possessed 100% of the stock following the acquisition from Atos Worldline of 49% in July 2012. The activities of SiNSYS, specializing in the management of payment transactions with international debit and credit cards with over 1 billion operations annually, around 30 million cards and 700,000 merchants in 12 European countries, will therefore be continued by SIA.
AIRTAG Mobile Shopping Solutions partnered KFC UK & Ireland to launch its mobile and web app for ordering and payments called “KFC Fast Track.” KFC is using AIRTAG’s Airshop Solution, which is an all in one package platform that enables proximity retailers to launch self-branded interactive mobile and web apps for advanced ordering and payments. Starting immediately, KFC will be piloting Airshop in ten restaurants across the UK which is a center for international trial and rollout of technology based solutions. The app is available for iPhone users and the web app is soon to be available for all connected devices. It features geolocation to easily locate the nearest KFC, mobile & web ordering and payment capabilities, a mobile check-in feature for in-store order recall and a customer account so users can store ordering history, favorite products and payment details for one click payments.