Higher One Adds Currency to Payments Service

Higher One financial services and data analytics to more than 1,900 colleges and universities nationally, announces the addition of the Chinese yuan to its international payments service, which is powered by Higher One’s partnership with Western Union Business Solutions. The yuan follows the recent additions of Korean won, added earlier this year and the Indian rupee, added last year. According to Open Doors® 2013 “Fast Facts,” students using the yuan, the won and the rupee represent more than 50% of international students in the U.S. “a constituency Higher One now serves through its international payments services. Higher One and Western Union Business Solutions are providing a streamlined solution to more international students than ever and at an exchange rate that is more competitive than what traditional banks offer.

Payment Alliance International Inks ATM Branding Deal

Payment Alliance International (PAI) , a leader in retail ATM solutions, and OnPoint Community Credit Union announced they have entered into an agreement to brand ATMs at all 72 Rite Aid pharmacies in the state of Oregon. PAI will own and operate the ATMs which will be outfitted with OnPoint Community Credit Union’s branding. OnPoint members will benefit from surcharge-free access to cash at Oregon Rite Aid pharmacies beginning July 2014.

PayByPhone Secures Campus Parking

PayByPhone has been selected by Florida International University (FIU) to provide a cashless parking service at FIU’s campus parking lots. The same convenient mobile payment option that has been available on the streets of Miami and has proven to be a success for the users will be rolled out to FIU’s 4,500 parking spaces in the coming weeks. The PayByPhone smartphone app and dial-in service offer drivers a convenient alternative to paying with cash at a parking meter and includes the option to receive a text message reminder before their parking expires, enabling them to extend their parking time from wherever they are.

Higher One Adds Chinese Currency

Higher One announces the addition of the Chinese yuan to its international payments service, which is powered by Higher One’s partnership with Western Union Business Solutions. The yuan follows the recent additions of Korean won, added earlier this year and the Indian rupee, added last year. According to Open Doors® 2013 “Fast Facts,” students using the yuan, the won and the rupee represent more than 50% of international students in the U.S. “a constituency Higher One now serves through its international payments services.

Network Q1 Assets

MasterCard’s (MC) asset base is now growing slightly more than four times faster than Visa (VS). During the first quarter of this year (Q1/14), publicly declared assets among the world’s two top payment card networks rose 11.1% to $52.1 billion, according to CardData. VS Q1/14 assets increased 6.3% to $37.3 billion, compared to $36.2 billion in the prior quarter and $35.1 billion in the year-ago quarter. VS figures do not include Visa Europe.

Diebold Expands Euronet Worldwide’s ATM Network

Delivering greater self-service convenience to consumers, Diebold, Incorporated is adding 700 new Opteva® automated teller machines (ATMs) to Euronet Worldwide’s extensive fleet across Europe. The agreement includes Opteva cash dispensers with full cash recycling capabilities. Diebold will also provide three years of maintenance and deliver ATM channel management services to enhance the security, compliance and uptime of Euronet’s new terminals.

VS + MC INTL CC PDV

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] International (excluding the USA) Purchase Dollar Volume (PDV) for Visa (VS) and MasterCard (MC) credit cards rose 7.4% year-on-year (Y/Y) in the first quarter (Q1/14). MC’s growth in Q1/14 international credit cards PDV growth outpaced VS by 280 basis points (bps), according to CardData. During Q1/14 VS and MC produced $799…

Mocapay Hires Director, Business Development

Mocapay has hired Chris Munz as director of business development to lead Mocapay’s strategic partnerships and growth. A digital marketing technology expert who has implemented strategies for top-tier companies across various industries for more than a decade, Chris will focus on building strategic partnerships and alliances for Mocapay. Prior to joining the Mocapay team, Chris was a director of sales communication/sales engineer at Fishbowl, Inc. in Alexandria, VA. While at Fishbowl Inc. Chris was also the director of sales and marketing at Quotient Marketing, a company that was acquired by Fishbowl in 2007.

VS + MC INTL CC PDV

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] International (excluding the USA) Purchase Dollar Volume (PDV) for Visa (VS) and MasterCard (MC) credit cards rose 7.4% year-on-year (Y/Y) in the first quarter (Q1/14). MC’s growth in Q1/14 international credit cards PDV growth outpaced VS by 280 basis points (bps), according to CardData. During Q1/14 VS and MC produced $799…

Diebold Acquires Payment Research Firm

Diebold reached an agreement to acquire Cryptera A/S, one of the world’s leading companies in the research and development of secure payment technologies. Cryptera will help expand Diebold’s leadership position in ATM security solutions and drive future innovation and excellence in the EPP space. Cryptera was founded in 1985 and has sold more than one million payment solutions globally. It is the top supplier of PIN pads for some of the world’s top manufacturers of ATMs, petrol pumps, self-service and self-checkout devices. Under the agreement, Cryptera will operate as a separate business with its own business plans and scope, and will continue to be an original equipment manufacturer (OEM) of EPP solutions for Diebold and its other existing customers globally. Diebold will leverage Cryptera’s development and product capabilities to expand its OEM customer base and drive thought leadership in security throughout the self-service industry.

Alpha Payments Appoints New Execs

Alpha Payments Cloud announced that Sandra Green and Matt Williamson have joined the company to further develop their growing portfolio of international accounts. Sandra and Matt bring with them a wealth of over twenty years in corporate account experience, joining Alpha Payments Cloud from Experian and Transaction Network Services, respectively. Sandra joins Alpha Payments Cloud from Experian, where she headed up the company’s overall global strategy and led the sales teams for eCommerce and Gaming. Matt joins Alpha Payments Cloud from Transaction Network Services, where he ascended through the ranks and played integral roles both in the North American and Asia Pacific regions.

FreedomPay Adopts Credit Union Financial Exchange Standards

FreedomPay has implemented Credit Union Financial Exchange (CUFX) standards on its Commerce Platform and that Baxter Credit Union (BCU), a flagship CUFX member, has deployed the solution to provide corporate customers with the opportunity to make cashless payments. The CUNA Technology Council initiated the CUFX standards project to address integration issues on behalf of all credit unions. Experts from leading credit unions and top vendors have come together to develop technology standards that will make product and service integration across the credit union industry faster, easier and more cost-effective. CUFX standards will expedite implementations, reduce core costs, speed revenue recognition through faster implementations and ease ongoing support efforts.