CARTES America 2014 to Address Payment, Security and Identification

The keynote speakers at CARTES America 2014 will share their deep industry experience and vision for online, mobile and contactless payment, and digital security and authentication solutions at the upcoming conference and exhibition, May 13-15 in Las Vegas, Nev. The five keynote presenters are Patrick Gauthier, head of emerging payments at PayPal; Ben Milne, CEO and founder of Dwolla; Dominique Piotet, CEO of Rebellion Lab; Steven Singer, CEO of ABnote; and Patty Walters, senior vice president of merchant products at Vantiv. The three-day conference is organized into a series of session tracks, with a roster of more than 80 speakers and more than 50 educational programs and presentations, addressing the key issues and market opportunities across the mobile payment, identification and biometrics, mobile security, near field communications (NFC) and Europay, MasterCard and Visa (EMV) deployment markets. CARTES America 2014 attendees can choose from a one or three day full conference pass or a one or three day event pass.

Square launches Pickup, Register Offline, and Inventory Tracking

Square announced three new ways for sellers to drive more customers to their business and simplify their operations. Square Register is a powerful service offering sellers of all sizes and kinds easy, yet sophisticated technology for creating the best customer experiences and running their business.Research shows that food and beverage is the second most popular category among purchases made on smartphones. And studies show that more people are preferring to use their smartphones to pay for their purchases. Square is helping local business owners match these trends and connect with customers.The new pickup feature on Square Market integrates perfectly with Square Register so sellers can fulfill customer orders in-person and online. Now sellers can run their rush hours efficiently and provide a better customer experience. The pickup feature is available to all sellers at a competitive 8% processing fee per order with an introductory offer at 2.75% through July 1, 2014. Consistent with all of Square’s tools, access and setup are free, and sellers receive payment the next business day.

V/M Q1 U.S. CHARGE-OFFS

Among the nation’s top four Visa and MasterCard (V/M) issuers, bank credit card charge-offs are down 48 basis points year-on-year (Y/Y), but up nine basis points quarter-to-quarter (Q/Q). All credit card metrics are seasonally skewed in the first quarter as well as the fourth quarter by a higher denominator in Q4 and a lower denominator in Q1. Nevertheless, bank credit card charge-offs have been marching south throughout 2013.

PayPal Revenue, User Base Witness Exponential Gains

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] PayPal net total payment volume (TPV) grew 27% with Merchant Services volume up 32% and on-eBay volume up 15%. Revenue grew to $1.8 billion. PayPal gained 5.8 million new active registered accounts to end the quarter at 148 million, up 16%. Global on-eBay penetration increased to 78.9%. PayPal continued to invest…

Former Swift CEO Joins Payoneer Board

Payoneer, a leading online payments company transforming the way technology companies and SMEs globally send and receive cross-border payments, announced today that Lázaro Campos, the former CEO of SWIFT, has joined its Advisory Board. Campos spent 25 years with SWIFT, including five as CEO. Under his leadership the company nearly doubled volume while maintaining a high standard of operational performance. He will work with Payoneer management as it accelerates development of new products and services in support of its growing global customer base. Mr. Campos is joining Payoneer at a critical time: Payoneer recently completed a Series D financing round of $25 million, and was selected by Google as a payment partner for Google Trusted Stores.

Real-Time ACH a Reality Within 2 Years

Market experts believe real-time ACH payments will become a reality in the U.S. within the next two years, based on a survey of 120 financial industry professionals. Momentum for faster payments has been accelerating with government call to action for the U.S. to adopt a real-time payment system within 10 years. The results of ACI’s latest survey highlight that the majority of industry professional respondents believe this vision can and will be achieved in far less time. ACI’s survey found 27% of respondents have not made a payment through their mobile device, somewhat surprising given that those surveyed are the same professionals pushing forward the ‘mobile revolution.’ Findings also show 70% believe real-time ACH payments will become a reality within the next one to two years and 92 percent within the next five years, 86% believe real-time ACH will add “significant” value to businesses and corporate bank clients and 34% rated social media’s importance to financial institutions as neutral to not important.

Citi and Expedia Extend Credit Card Relationship

Citi and Expedia extended their partnership in a multi-year agreement. Through the new agreement, Citi and Expedia Inc., through the Expedia.com brand, will continue working together to provide more value to travelers and cardmembers. Since 2007, Citi and Expedia have worked together to provide the Citi Premier Pass® / Expedia® card, which has helped hundreds of thousands of travelers connect with the people and places that matter most to them.

VeriFone Edition of First Data TransArmor

VeriFone Systems, Inc. and First Data Corporation announced today the launch of the VeriFone edition of the First Data® TransArmor™ solution for U.S. multi-lane and petroleum merchants. The TransArmor, VeriFone edition, is an end-to-end encryption and tokenization solution that is a result of a partnership between VeriFone and First Data to address retailers’ need for enhanced payment security.

ACI Launches SaaS-Based EMV Lifecycle Management

ACI Worldwide announced the availability of its EMV lifecycle management solution, ACI UP Token Manager, as a Software as a Service (SaaS) offering for US debit issuers. ACI is the first vendor to offer a SaaS-based EMV lifecycle management solution, which comes on the heels of the US debit industry recently banding together on EMV deployment decisions, particularly for debit issuers. A SaaS-based EMV lifecycle management solution will enable issuers to dynamically modify and configure parameters for customers, enabling differentiation in the marketplace. ACI’s flexible new solution offers rich business functionality, delivering peace of mind to issuers by providing the benefits of an in-house deployment for data preparation. Unlike typical outsourced offerings, this cost-effective solution provides considerable value added services, such as online access to card, chip and application data for customer support as well as the ability to provide card supplier independence.

RAIL Payment To Support EMV Payments

Viableware, innovators of the RAIL today unveiled an updated version of its RAIL payment device that accommodates for the use of EMV smart card payments. The enhanced RAIL device is engineered to accept any chip-based payment card from the table and securely communicate with the leading restaurant POS systems – including MICROS, NCR Aloha, Squirrel and Dinerware – strengthening customer security and mitigating restaurant liability for credit card fraud.