Bitcoin integrated into Toshiba’s VisualTouch

BitPay announces a partnership to integrate bitcoin acceptance into VisualTouch, Toshiba’s premiere POS Software Solution. Toshiba VisualTouch is a complete point of sale system that provides the advanced POS functionality needed for business management. VisualTouch POS is used in the Hospitality, Food Service, Grocery, Retail and Concession industries with a combined install base of more than 6,000 unique customers and some customers having up to 1,600 locations each.

iPayment Posts 1Q/14 Revenue Up 1.4%

iPayment posted 1Q/14 results, having processed $5.2 billion in total transaction volume, a 1.2% decrease from the same period in 2013. In the first quarter of 2014, the Company processed 80.4 million transactions, an increase of 1.0% from the first quarter of 2013. Total revenues increased by 1.4% to $158.1 million for the first quarter of 2014 from $156.0 million for the first quarter of 2013. This increase was primarily due to higher volume per merchant, partially offset by a lower number of merchants on file during the first quarter of 2014 versus the first quarter of 2013.

Inside Secure Launches HCE Payments App

Inside Secure announces at Cartes America the launch of a white-label Android application for Host Card Emulation (HCE) based payments.The new MatrixHCE product enables mobile payment application providers to accelerate time to market by using the pre-validated HCE payment functionality. It includes the highest level of software security to defend against any attacks in the hostile mobile environment. Introduced on Android 4.4 (KitKat), Host Card Emulation (HCE) allows for contactless payments (and other services including loyalty programs, building access and transit passes) to be made directly between the consumers’ bank mobile application and the retailers point-of-sale, using NFC technology. It allows sensitive data used to facilitate transactions to be stored on, and accessed from, cloud servers rather than a mobile device and without the use of a hardware secure element.

Revention Integrates LevelUP Payments Platform

Revention Point of Sale Solutions is pleased to announce their integration with LevelUp, a progressive mobile loyalty and payments platform that uses QR code technology to execute mobile transactions via Smartphones. The flexibility of the LevelUp mobile application allows for seamless integration with a wide range of restaurant industry concepts -from quick service to full service fine dining and everything in between.

Lamassu’s Two Way Bitcoin ATM

Lamassu is taking orders for its modular system, which enables owners of existing Lamassu Bitcoin ATMs to add Bitcoin-for-cash capability via its new Santo Tirso bill dispensing pedestal. Previously, the manufacturer only produced machines with the ability to make cash-for-Bitcoin transactions. The bill dispenser stands, which sell for $5,500 each, are now available for preorder and will make their first appearance at the Bitcoin Foundation’s Bitcoin 2014 conference in Amsterdam May 15-17.

Visa/MasterCard Credit Card Q1

Visa (VS) and MasterCard (MC) credit card activity ramped up in the first quarter, as Gross Dollar Volume (GDV) on U.S.-issued credit and charge cards jumped 9.5% year-on-year (Y/Y) in the first quarter of 2014 (1Q/2014), according to CardData. VS’ U.S. credit card GDV was up 10.2% to $281 billion, while MC’s U.S. credit and charge card GDV increased 8.1% in 1Q/2014 to $145 billion. The first quarter growth was a pickup for MasterCard, the highest level over the past five quarters.

American Express Expands Merchant Network

American Express expanded its OptBlue merchant acquiring program that extends U.S. small merchant coverage. There are now 10 participating acquirers in OptBlue, five of which are among the top 10 in the United States. The program was announced at American Express’ Financial Community meeting earlier this year with Vantiv, Global Payments, Heartland Payment Systems, Worldpay, Transfirst and JetPay as the first participants. With OptBlue, participants have the flexibility to provide U.S. small merchants the benefit of a single statement, one settlement process, and one contact for all the major card brands. Participants determine merchant pricing in addition to providing payment processing and servicing. OptBlue will help expand American Express’ U.S. small merchant coverage, providing consumers more payment options at local businesses.

MasterCard and PULSE Launch Common Debit EMV Solution

MasterCard and PULSE reached an agreement to allow financial institutions that issue EMV debit cards that participate in both the MasterCard and PULSE networks to use MasterCard’s common debit solution on those cards. U.S. debit regulations require that each debit card provide merchants and acquirers the opportunity to route debit transactions over multiple, unaffiliated networks. This is made possible for debit EMV cards through the use of common application identifiers (AIDs). Licensing MasterCard’s common debit AID will help support EMV chip adoption in the United States by enabling issuers to deploy EMV cards in compliance with this regulatory requirement. PULSE will use MasterCard’s common AID to process domestic ATM and POS transactions on behalf of issuers that participate in both PULSE and MasterCard, including those initiated with contactless-enabled devices.

MasterCard Teams Habitat for Humanity to Support Small Business

MasterCard and Habitat for Humanity officially launched the work/live initiative. WIth this, Habitat will build homes with functional living and business spaces, offering increased employment and income opportunities for low-income families. The MasterCard Center for Inclusive Growth, the arm of MasterCard focused on advancing financial inclusion, is providing a $400,000 grant to fund the construction of these work/live spaces and to increase Habitat’s capacity to replicate the model across the country.The program builds on the success of previous programs which developed the work/live model in response to community efforts related to economic development.

LoopWallet Android Available as Universally Accepted mPayment App

LoopPay made available its LoopWallet app for Android at the Google Play Store. The free LoopWallet app for Android now significantly expands the number of consumers who can store all their cards on their phones and pay faster at just about anywhere they shop with Loop Ready™ devices. The first Loop Ready device available for Android users is the Loop Fob for $39. Additional Loop Ready devices in different form factors will be released throughout this year. Loop is also working with OEMs to embed its patented technology directly into a variety of products including smartphones and smart watches in 2015. Without the critical mass of merchants accepting NFC or other solutions from barcodes to Bluetooth, users won’t change their habits and leave their plastic cards behind. Loop allows users to securely swipe-in or scan-in all their plastic cards, and to securely transmit mag stripe card data directly to almost every POS system today without any changes to the merchants’ current infrastructure.

Datacard Announces Card Validation Program

Datacard announced a new card validation program targeted to card manufacturers and suppliers that allows them to validate the compatibility of their EMV smart cards with Datacard personalization solutions.The card validation program allows card manufacturers and suppliers to receive verification that their smart cards work with Datacard hardware and software systems. If they are pre-validated, issuers requiring those chips on Datacard brand systems will receive a discount on the pre-validated Chip Library for any issuers requiring those cards on their Datacard system with EMV personalization. Datacard Group can also help resolve any issues prior to full production and mass roll-out of card programs.