Atlanta-based Parkmobile USA has inked an agreement to establish a joint venture with SP Plus. The joint venture will combine two parking transaction engines.
Of the initial 500 financial institutions that have signed-up for Apple Pay and the two-thirds majority of credit unions, an estimated 90 of PSCU’s credit union member-owners are at the sponsor level. PSCU says the future of credit union relevance depends on how well credit unions understand and participate in the Millennial Shift and the digital revolution.
CardWeb.com’s CardPixes database of more than 7,000 card images today features the ANZ First Visa. The card is issued Australia/s ANZ Bank..
MasterCard has launched the MasterCard Nearby App enabling on-the-go consumers to easily find the more than 220,000 merchants in the U.S. – including Subway, Toys R’ Us, Walgreens, Whole Foods Market and all Apple Store retail locations – that accept contactless payments.
Denver-based Connect POS announced the integration of its mobile point-of-sale app for iPad into the Intuit App Center. With this integration, iConnect POS becomes the first cloud-based point-of-sale (POS) system to be fully integrated with QuickBooks Online.
Market experts believe real-time ACH payments will become a reality in the U.S. within the next two years, based on a survey of 120 financial industry professionals. Momentum for faster payments has been accelerating with government call to action for the U.S. to adopt a real-time payment system within 10 years. The results of ACI’s latest survey highlight that the majority of industry professional respondents believe this vision can and will be achieved in far less time. ACI’s survey found 27% of respondents have not made a payment through their mobile device, somewhat surprising given that those surveyed are the same professionals pushing forward the ‘mobile revolution.’ Findings also show 70% believe real-time ACH payments will become a reality within the next one to two years and 92 percent within the next five years, 86% believe real-time ACH will add “significant” value to businesses and corporate bank clients and 34% rated social media’s importance to financial institutions as neutral to not important.
At Mobile World Congress last week MasterCard announced a collaboration between Deutsche Telekom, Telefónica Deutschland, Vodafone and TREVICA (a MasterCard owned company) to create a new mobile platform and accelerate the development of mobile payments in Germany. The three mobile operators represent 80% of mobile customers in Germany, which means that banks and financial institutions can hugely accelerate their ability to provide mass- market mobile payment services to consumers. Instead of connecting to individual mobile operators, issuing banks can now connect to TREVICA and have access to a number of mobile operators with one single integration to the TREVICA platform.
Ingenico is bringing together its European business (“Europe-Sepa”) and its Transactions business under the management of Pierre-Antoine Vacheron, EVP Sepa to build a leading payment service provider in Europe. Over the last twelve months, the Group has accelerated the implementation of its Transaction Services strategy, focusing on the combination of off-line (Axis, easycash) and on-line processing. Ogone has continued to grow significantly within the Transaction business unit, building on the common DNA shared by the various transactions activities within the region. With the integration of Ogone now well under way, Peter de Caluwe has decided to start a new professional project outside the group.
Corethree has formed a strategic partnership with Barclays for the inclusion of Barclays Pingit ‘mobile check-out’ in Corethree’s award-winning mobile wallet for transport ticketing. This is a UK first in mobile commerce and sees the cutting edge UK tech company Corethree become the first business to integrate Barclays Pingit mobile checkout. Wessex Bus’ Uniconnect network in Bath will go live with Corethree’s m-ticketing solution on Monday 23rd September 2013 as part of Bath University’s freshers’ week. Over the next 12 months, Corethree and Barclays will rollout their mobile payment services to other transport operators to reach as many as 1 million passenger journeys per day.
AzeriCard card processing and OpenWay, a recognized leader in software solutions for the payment industry, improved mobile banking service with the WAY4 Cash By Code technology. By generating a code on a cellphone, this technology allows for withdrawing cash on an ATM without a plastic card. This convenient ‘mobile wallet’ proved appealing to clients of 14 of AzeriCard’s partner banks. The new service also works as instant money transfer to recipients without a bankcard. The mobile banking with the Cash By Code option was developed by OpenWay. The solution works on iPhone, Android and BlackBerry smartphones, as well as on Java-enabled feature phones. The mobile banking menu allows the user to type in an operation amount and select the preferred card and currency from the list.
Acculynk “PaySecure” user-authentication for e-commerce partnered UnionPay International to provide e-commerce authentication (UPOP) service to US based merchants. UnionPay International is a subsidiary focusing on international business of UnionPay, a global bankcard network with over 3.5 billion UnionPay cards issued worldwide. A single PaySecure implementation on the merchant’s e-commerce site also provides the capability to generate sales lift from new PIN-debit customers in North America, Asia-Pacific, Latin America and the Caribbean. Acculynk provides a flexible, customizable online- and mobile- authentication technology that meets local needs and regulatory requirements in international markets. Country-specific authentication changes can be incorporated without disrupting the merchant or acquirer. The “PaySecure” solution two-factor authentication provides online merchants with a secure, low-cost, guaranteed funds payment in which the merchant also benefits from a 100% shift of fraud chargeback liability.
PayOne mobile payments and carrier billing filed a patent infringement lawsuit against The Home Depot, Inc. in the Northern District of California. The suit asserts The Home Depot retail store deployment and use of PayPal’s in-store checkout infringes on multiple PayOne patents including the use of a mobile phone number and a PIN (personal identification number) to complete the checkout process and payment at point of sale. The complaint seeks unspecified damages and a court-ordered injunction against future infringement by The Home Depot. The asserted PayOne patents include United States Patent No. 7,848,500, entitled “Method And Apparatus To Validate A Subscriber Line”; and United States Patent No. 7,848,504, entitled “Method And Apparatus To Validate A Subscriber Line.”