Fiserv is expanding its mobile payments solution portfolio to include tokenization capabilities via Visa Token Service (VTS) and MasterCard Digital Enablement Service (MDES). These capabilities will be available to all Fiserv-processed debit and credit issuers. Fiserv will also enable its Accel debit processing network to support tokenization for its participants.
Western Union extended its exclusive agreement with Eurogiro, with scope to allow its members greater access to the full range of Western Union Money Transfer® services including digital offerings. Eurogiro is a global payment network for national postal organisations, post banks, commercial banks and other payment service providers. Eurogiro offers the exclusive Western Union® money-in-minutes service – as part of a portfolio of cross border payment services to 35 of its members. Western Union is harnessing its system with modifications to link cash and digital transfers between retail Agent locations, mobile phones, prepaid cards, online and traditional bank accounts and ATM.
With the introduction of Apple Pay the current marketing surrounding NFC is now focused on mobile payments but there is a much broader use for this technology which connects manufacturers with consumers to provide robust product information.
The next generation smart wallet is getting a bump this week to build brand awareness. TV commercials for Wocket will airing this week on CNBC.
BMW is plowing big money into a provider of mobile payment solutions to municipalities and parking providers. Under terms of the deal BMW’s prepaid parking solution ParkNow will be integrated with Parkmobile.
Seamless has landed it largest merchant to-date for its SEQR mobile wallet. Colruyt Group will be offering SEQR in more than 500 physical stores as well its commerce sites.
Mumbai-based subsidiary Money-On-Mobile has racked up more than 103 million cumulative unique users since its inception. Money-On-Mobile is a mobile payments service provider that enables Indian consumers to use their mobile phones to pay for goods and services, or transfer funds from one cell phone to another using simple SMS text functionality.
Salt Lake City-based Sinclair Oil is deploying a cloud based mobile payment application in 1,400 Sinclair branded stations across 19 states. The PetroZone Mobile Commerce Platform is the base of application.
CardWeb’s CardExecs database today features Luella Chavez D’Angelo, Chief Communications Officer of Western Union. Western Union offers Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services.
Combating card-not-present (CNP) fraud is no easy task requiring sophisticated fraud detection strategies. The benchmark industry standard CNP fraud loss currently averages 8.3 basis points (bps).
CA-based MyECheck continues to gain traction in the charitable and political donation arena. The Company recently signed the FL-based St Augustine School Alumni International public charity
Online money transfer company Optimal Payments Plc said it expects to beat its forecast for the full-year after robust sales at its high-margin Neteller e-wallet business drove first-half pretax profit up 78 percent. The company’s shares rose as much as 7.8 percent to 510 pence in early trade on the London Stock Exchange on Wednesday. Pretax profit jumped to $27.5 million for the six months ended June 30, from $15.5 million a year ago.