Paysafecard.com now offers a prepaid MasterCard that provides paysafecard customers with an even greater range and choice of where they can pay. The card is topped up with paysafecard credit to offer both the advantages of a prepaid system combined with the strength of a credit card accepted worldwide. This innovative product is now available to all customers for paying both online and offline at millions of shops. Thanks to paysafecard, even those without a bank account now have access to a credit card. paysafecard MasterCard is only topped up with paysafecard, which is available at local sales outlets such as petrol stations and newsagents. paysafecard MasterCard is then available as a physical card topped up with this amount and ready to use everywhere in the world MasterCard is accepted: This includes shops, hotels and restaurants, as well as online vendors. Plus, it can be used to make cash withdrawals from any ATM. paysafecard MasterCard can be topped up with paysafecard at any time.
TransCentra billing and payment software and services enhanced its private label remote lockbox offering. This allows the corporate customers of TransCentra’s private label bank clients to scan checks and accompanying documents remotely as an alternative to either mailing them to the lockbox site or processing them through a stand-alone remote deposit capture application. Corporate customers can also remotely scan all accompanying materials such as invoices, coupons, loan documents, applications and envelopes. All scanned items are processed, data captured, archived and, for clients with a lockbox on the TransCentra private label platform, automatically consolidated with mailed payments sent directly to the lockbox for processing and accounts receivable file reporting purposes. Extending lockbox functionality to the desktop adds convenience and efficiency to payment processing for any company that processes wholesale and retail payments.
LendUp inked two service agreements with MoneyGram and will enable real-time offline payments for loans issued by LendUp using MoneyGram’s ExpressPayment Service® at 39,000 agent locations in the United States. By connecting LendUp’s mobile platform with MoneyGram’s extensive agent network, borrowers now have another convenient option for loan repayment. MoneyGram’s ExpressPayment Service is the first of several new products that will be available to LendUp borrowers as a result of this collaboration. In the future, LendUp and MoneyGram expect to introduce products and services that make access to credit products through LendUp quicker and more convenient, as well new payment services valued by LendUp customers.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The use of debit cards has traditionally come at a high price to retail merchants. Retailers have paid upwards of $48 billion a year in “swipe fees”, with nearly $17 billion of that coming from debit card transactions. (1) Transactions processed by debit card had required retailers to pay fees which…
Thanks to First Data’s latest solution, business owners can access and use information that can not only help them anticipate those down cycles, but do something about it. First Data and LocalVox brings to small and medium-sized businesses the ability to combine powerful analytics from First Data’s InsighticsSM solution with LocalVox’s multi-channel targeted marketing solution. LocalVox’s marketing automation platform operates across every channel SMBs use to touch their customers – email, social, search and mobile – to ensure a consistent and compelling overall customer experience that drives in-store behaviors. The LocalVox partnership is an investment made by First Data Ventures, which is investing in and partnering with innovators in a number of areas, such as payments, marketing, customer loyalty, security, mobile and solutions that support the next generation of commerce.
Ukash online cash payment provider partnered ZapZap mobile payments wallet, to give mobile users the ability to store, manage and spend their Ukash vouchers on the go. This means consumers who don’t want to use debit or credit cards for online transactions can still make the most of mobile transactions. Customers simply download the ZapZap app to their mobile device. In an industry first, customers in the UK, Europe and the Nordics can then scan their Ukash voucher code using their smartphone’s camera and load it into their ZapZap wallet to spend or transfer funds to friends and family without any delay or security concerns. The ZapZap app lets users to send and receive money from any of their mobile contacts abd receive money from contacts anywhere in the world.
USA Triathlon and Commerce Bank partnered to offer USA TRIATHLON members a Visa rewards credit card. The card offers reward points with unlimited earnings, bonus point opportunities, as well as no annual fee. Cardholders can redeem points for thousands of items including cash back as statement credits, gift cards, merchandise, or travel. Additional features include select perks such as special offers on travel, fine wine and food, sports and entertainment. Cardholders also benefit from 24/7 customer service and Visa Signature concierge, Visa Zero Liability coverage1, E-Statements and optional AutoPay.
Bindo announced the launch of a mobile EMV credit card reader for its cloud-based iPad POS. Bindo’s newly developed EMV reader has full end-to-end encryption with its iPad POS system and is both EMV Level 1 and Level 2 certified in the United States. It slots comfortably into the audiojack of an iPhone or an iPad, and allows mobile credit card payment acceptance. Bindo’s system encrypts and tokenizes cardholder data at the point of capture and its Tamper-Safe security module (TSSM) helps prevent third party brute force attacks. According to Visa, MasterCard, and AMEX, merchants who have invested in EMV deployment, such as Bindo’s solution, will be protected from financial liability for card-present fraud, under the new rules that will come into effect by 2015.
Allied Payment online and mobile bill payment services announced its FlexPay Internet bill pay solution offers banks and credit unions full integration with Allied’s industry-leading PicturePay® mobile photo bill pay solution, as well as flexible, per-transaction pricing rather than the traditional per-user pricing model. The integration offers several other advantages. FlexPay payees are populated from PicturePay photos, and payee lists are synced between both products. FlexPay seamlessly integrates with any online banking platform to match the look and feel of an institution’s existing website to provide bank customers and credit union members with greater continuity in their online banking experience. Users can also choose from a variety of available user interface formats to match their individual preferences.
Millions of smart cards are in use today in Latin America and the Caribbean in EMV chip cards, mobile payments, e-passports, smart transit fare cards, secure government, healthcare, enterprise IDs and more. Now the Smart Card Alliance Latin America group has signed a big deal with Florida State University.
Heartland Payment Systems reports record small and mid-sized enterprise second quarter transaction processing volume of $20.4 billion, up 5.6% Y/Y. Same store sales also rose 2.4% and volume attrition was 12.6% in this year’s second quarter.
Gemalto has signed a definitive agreement to acquire 100% of the share capital of SafeNet from Vector Capital for US$890 million on a debt free/cash free basis.SafeNet technology protects over 80% of world’s intra-bank fund transfers and its 1,500+ employees, including 550 cryptographic engineers, serve more than 25,000 customers, both corporations and government agencies, in over 100 countries. In 2013, SafeNet recorded revenues of US$337 million and profit from operations of US$35 million and expects revenues of US$370 million and profit from operations of US$51 million for 2014. The purchase price of US$890 million is self-funded with US$440 million from available cash, and US$450 million drawn from existing long-term credit facilities. The closing of the transaction is expected to occur in Q4 2014, after approval from the relevant regulatory and antitrust authorities.