Worldpay Partners OnDeck

Worldpay announced its relationship with OnDeck tp leverage OnDeck’s platform and proprietary technology to allow its small and mid-sized Worldpay customers rely on the company’s credit card processing services including face-to-face, virtual and mobile payment systems. The relationship will allow Worldpay’s small business customers to obtain working capital from OnDeck for business related growth needs, such as equipment or inventory purchases and hiring. OnDeck’s platform and proprietary credit score, the OnDeck Score, enables easy application with fast approval and funding.

Amex Deploys Payment Tech at US Open

American Express is harnessing the latest technology to get tennis fans on-site and around the world involved in the action on the courts at the USTA Billie Jean King National Tennis Center during the 2014 US Open Tennis Championships.
American Express is continuing to introduce more ways to enhance fans’ passion for the sport and their experience at the Championship throughout the two weeks of play. The US Open American Express Fan Experience features 20,000 square feet of interactive programming at the US Open with “MyOpen Pass” RFID-enabled wristband. This lets fans’ experience and send a personalized email that recaps the activities in which they participated within the Fan Experience and can be easily shared across their social media channels. These include a Professional Swing Analysis, a Rally Cam capturing tennis shots and candid poses, and the Pro Cam at American Express® Card Member Club.

Paytoo Expands mWallet Bill Pay

Paytoo Mobile Wallet enhances its bill payment functionality on a nationwide coverage to the under or unbanked customers. This new bill payment feature provides fast, secured and convenient online bill payment solutions, giving access to an easier way to pay their bills and will be able to manage their entire bill payment process online, from anywhere and at anytime.The bill payment function with over 10,000 local and national billers is now available with the PAYTOO Mobile Wallet™ and offers anyone the possibility to pay a bill from his or her cell phone. The PAYTOO system is now fully completed offering services from direct deposit to bill payment, and in between, a full range of services to include top ups, virtual cards, gift cards, prepaid cards and more.

Prepaid Card Mall Volumes Gaining

New research examines the size and diversity of prepaid loads through card malls hosted in third-party retailers’ locations. The convenience and variety of cards offer consumers a way to buy gifts, access financial services, and obtain cell phone service. The total dollars loaded through card malls grew at a pace of 19% in 2013. This growth indicates the importance of the channel to shoppers and shows why prepaid providers should consider card malls as part of their overall prepaid distribution strategy. The report estimates of the market size in the United States for prepaid loads made through card malls hosted by other retailers and the diversity of cards and services prepaid card malls despite common perception as gift card malls. Prepaid card mailings include offerings from American Express, the Blackhawk Network, Discover, epay, Euronet WorldWide, Green Dot, InComm, MasterCard and Visa.

GECU Deploys NCR for Digital, Physical Banking

GECU is bringing convenient, intuitive, and easy-to-use services across both its digital and physical channels through the innovative technology of NCR. GECU credit union provides its members with online and mobile digital banking services from Digital Insight, an NCR company, while also installing NCR Interactive Teller in new neighborhood branches. GECU has agreed to renew Digital Insight’s suite of SaaS solutions including Online Banking, iOS and Android mobile and tablet banking, Remote Deposit Capture, FinanceWorks and Purchase Rewards.Financial institutions are continuing to adopt mobile services as mobile banking becomes more popular. According to a Digital Insight study1, mobile consumers access their financial information 66 percent more frequently than online, non-mobile consumers. Additionally, consumers using online, mobile and tablet log in approximately 30 times a month compared to consumers who only use online banking and log in less than 10 times a month.2

Payza Launches Bitcoin in 190 New Markets

Payza payment platform and services for ecommerce has taken the lead in the international Bitcoin market. The company is offering members the opportunity to withdraw funds from their Payza eWallets directly into their Bitcoin wallet. The Bitcoin payments are based on the exchange rate of both U.S. currency and Bitcoin value at the time of transfer. Payza consumer exchange rates will be locked in at the moment of the transaction. All transactions, no matter which of the 21 currencies Payza currently handles, will be completed using the U.S. dollar currency rate at the time of the transaction.