Bank of America Merrill Lynch, a leader in card services for middle-market, large corporate and public sector clients, today announced that it is expanding chip and PIN technology to all purchasing and travel credit card products available to clients in the United States. This is the latest development in the company’s ongoing effort to rollout EMV® (EuroPay Mastercard Visa) technology to its global client base. BofA Merrill first introduced chip and PIN technology on corporate travel and expense (T&E) credit cards in Europe in 2010 and in the United States in 2012. The bank began issuing chip-enabled purchasing cards in 2013. Together with T&E cards, more than 100,000 chip and PIN cards across the portfolio have been issued to clients in the United States alone.
Allied Payment Network today announced that mobile banking solutions provider FI-MOBILE has integrated Allied’s Picture PayTM into its mobile banking offerings, enabling FI-MOBILE’s end users to pay any bill by simply taking a picture of the bill with their mobile device. FI-MOBILE develops downloadable apps for banks and credit unions that enhance the Internet channel experience for their customers and members. Picture Pay seamlessly integrates within FI-MOBILE’s mobile banking solution, providing a quick and simple integration process for FI-MOBILE’s financial institution customers.
Aconite announces support for the new mobile payment infrastructure based on Host Card Emulation (HCE) and Tokenization. New features in smartphone operating systems coupled with announcements from card brands and EMVCo have breathed new life into mobile payment using NFC at the Point of Sale – the idea that a phone has to have an EMV-like payment application installed in a Secure Element to support mobile payment has been overtaken. The new direction the mobile payments proposition is taking is being defined by HCE and Tokenization.
Mocapay announced today the release of the Yumilicious app, will be available in iTunes and Google Play app stores this April. Yumilicious leveraged Mocapay’s mobile app template that helps merchants engage consumers and launch their app on an abbreviated timeframe. Yumilicious loyalty members can enroll, earn and redeem loyalty points and rewards via the app. Users can also enter their birthday for special offers, opt in and out of e-mails and text messaging, and get in-app messages. Additionally, the app will provide the ability to find nearby locations using GPS technology.
Leaf mobile POS tablets announced the introduction of Payment Apps, a first-of-its-kind marketplace through which merchant acquirers directly market their payment processing services to merchants using the Leaf POS system. The Payment Apps marketplace is seamlessly integrated into the Leaf POS platform, enhancing visibility, creating branding opportunities for processors, and providing merchants with more insight into their processing options. The marketplace offers a wide range of benefits to payment services providers, including increased sales via online referrals; an online profile highlighting key differentiators; improved customer retention via in-product branding, messaging, and upselling; and brand reminders every time the Leaf tablet is used to swipe a card. It also provides a convenient way for merchant acquirers to stay connected to their payment processor services through Leaf’s back office POS platform.
Online Banking Solutions (OBS) announced it has partnered with ProfitStars software, solutions, and technology innovation for financial institutions, to provide complementary online banking services to financial institutions using the Messenger Financial Center online business banking platform. OBS Messenger Financial Center is a comprehensive business e-banking platform supporting real-time account and transaction reporting, e-statement delivery, stop payments, positive pay, account transfers and payment initiation of ACH transactions and wire transfers. In addition to the new remote deposit and bill pay services, the new partnership will enable integration of the ProfitStars offerings with the OBS Messenger Mobile Banking Tablet and Smart Phone applications to deliver mobile remote deposit and mobile bill payment services.
First Data appointed Michael Manos chief technology officer to oversee global technology infrastructure. Manos joins First Data from AOL Inc., where he served as AOL’s chief technology officer and was responsible for global technology and development platforms for all AOL subscription businesses, the industry, technology and media sites, AOL mail and messaging, and global mobile engineering efforts. Prior to joining AOL, he was a vice president at Nokia where he was responsible for the global operations, consolidation and restructuring of service operations for commercial-facing products and services. Before that, he was senior vice president for technical services at Digital Realty Trust where he oversaw the design, engineering, construction, and long-term operation for the company’s data center operations. He has also held leadership positions of increasing responsibility at Microsoft, Walt Disney and Nuclio Corporation.
USA Technologies cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries, tannounced a new, exclusive agreement with The Pepi Companies that USAT believes exemplifies the future of integrated cashless payment, telemetry and consumer engagement services. The agreement, designed to span all aspects of Pepi’s business”from vending to micro-market, from mobile payment to cafeteria/food service point of sale”leverages Pepi’s existing cashless-enabled vending network and USAT’s new Integrated Payment Services. Integrated Payment Services, an evolution of USAT’s market-leading ePort Connect® service, was introduced to the vending industry yesterday. Pepsi was USAT’s first customer to initiate a complete conversion to cashless payment and telemetry on its vending machines, a project completed at the end of 2012. Pepi will expand its relationship with USAT by leveraging USAT products, services and add-on integration capabilities across all of Pepi’s other business segments.
Pepi’s integrated service solution will include traditional vending, using USAT’s turnkey ePort® and ePort Connect cashless payment and telemetry products and services. Pepi will also have the ability to integrate other third-party devices certified on USAT’s ePort Connect network. For Pepi’s micro-markets as well as their dining service point of sale, Pepi’s technology partner used QuickConnect to integrate with USAT, for streamlined payment services. In addition, for Pepi’s office coffee services and direct store deliveries, Pepi will use USAT’s ePort Mobile™ solution to integrate payments with other business segments. Finally, USAT’s loyalty and prepaid program, MORE., will be accessible by participating consumers using any of these payment acceptance options for an enhanced consumer experience and loyalty factor”one program for all aspects.
1stPay iPad POS announced the 1stPayPOS cloud-based iPad POS system provides big data analytics for small-to-medium sized businesses (SMB). The intuitive 1stPayPOS® cloud-based point-of-sale system is easy to install and significantly reduces training time for employees. Replacing the obsolete electronic cash register with 1stPayPOS® will speed the checkout process with barcode scanners, improve your store’s image and provide analytics to better manage your business. 1stPayPOS® has no servers to maintain and no limit to the number of stations like a PC-based system. 1stPayPOS® has proprietary End-To-End Encryption technologies to offer you peace of mind that your customers’ credit card data is secure. The card data is encrypted at the time of swipe, which is superior technology to that used by the big box retailers currently in the news.
Ciphrex has launched Bitcoin Vault™ – a leading-edge, secure software wallet for Bitcoin transactions and account management. The beta release is offered for free and can be downloaded from Ciphrex website at ciphrex.com. Bitcoin Vault™ is the first bitcoin wallet supporting shared multisignature account management using deterministic keychains. That’s welcome news for the Bitcoin community. Last December, at the Bitcoin convention in Las Vegas, attention was drawn to the fact that no one had yet offered any practical multisignature tools.
Wallaby announced the launch of its Google Chrome web browser extension that expands Wallaby’s market leadership position in credit card optimization solutions. The Wallaby Chrome Extension is included in the roll out of Wallaby Version 3.0 for iPhone – the most significant update to the popular and award-winning mobile app since its launch in 2012. Through the extension, Wallaby users easily identify which of their credit cards they should use for online purchases at a wide selection of merchants including Amazon, eBay, Staples, and Best Buy.
Sam’s Club has finalized a multi-year agreement with GE Capital Retail Bank to extend their existing relationship to provide Sam’s Club-branded credit cards to club members in the U.S. and Puerto Rico. As part of the extension, GE Capital’s Retail Finance business will continue to manage and service the credit card programs for Sam’s Club Savings, Business and Plus members. Under the agreement, the Sam’s Club co-branded credit card programs will be converted to MasterCard later this year, providing members with a broader card acceptance network, as well as more robust features and benefits.