Chase today unveiled a new simple and clear disclosure form for its Chase Liquid® prepaid card. Chase is the first prepaid provider to adopt a new model disclosure box released today by Pew Charitable Trusts. The new disclosure form allows customers to plainly see a description of fees and when deposits are available in a simple, easy to read format. The new prepaid disclosure form builds on Pew’s success in creating a model simple disclosure form for checking accounts. In December 2011, Chase worked with Pew to develop a revised summary guide for Chase Total Checking that made its terms and conditions easier to understand for consumers.
AnywhereCommerce launched its latest version of its mpayment acceptance device, “Rambler 3.0.” Engineered with increased flexibility to work with most smart phone and tablet cases, the “Rambler 3.0.” transforms smartphones and tablets into full-featured, highly secure mPOS, enabling secure and reliable acceptance of magnetic stripe card payments. Supporting multiple card-present magstripe payment methods, including debit, credit, gift and loyalty card transactions, Rambler 3.0 is a cost-effective solution for nearly any card acceptance need. This third-generation release of the product includes a redesigned form factor featuring flexible clip-arms for a surer, more snug and secure fit when attached to a smartphone or tablet.
NXP Semiconductors announced its NFC controller, PN547, is successfully integrated with Google’s latest version of the Android 4.4 operating system, ‘KitKat’. Android 4.4 now offers new platform support for NFC-based transactions through host-card emulation (HCE), allowing Android smartphone owners to use their phones to initiate a wide range of mobile applications, including payments, loyalty programs, card access, transit passes and other customized services. Support for Android 4.4 and HCE allows more consumers to experience the potential of NFC and will further expand the ecosystem. NXP has successfully demonstrated and validated multi-Secure Element (embedded SE, UICC based SE and HCE) performance on its leading NFC controllers to facilitate OEM adoption and integration. PN547 improved RF performance, easing EMVCo and NFC Forum certifications while using smaller antenna size and lowering overall solution bill of materials.
The number of U.S. credit card accounts or cards-in-force among top issuers has slowly been rising, up 3.7% since 2011. MasterCard reports the number of U.S. credit cards-in-force is up 5.0% since 2011 and 8.3% last year. MasterCard now has 337 million credit cards in the U.S. market, compared to 311 million in 2012 and 321 million in 2011.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Payroll employment was up 113,000 units in January for a subsequent little change in the unemployment rate, which still sits at an impressive 6.6%. This was led by employment in construction, manufacturing, wholesale trade, and mining fields. The number of unemployed persons sits at 10.2 million showed little change since October…
MasterCard and Syniverse today joined forces to deliver a number of mobile and payment services to enhance peace of mind for mobile users when they are traveling abroad. The two companies are currently in pilot-phase for an opt-in service that will enable card transactions for users only when they have their mobile device switched on in a specific geolocation abroad. This service aims to reduce consumers’ frustrations associated with having their payment cards used without their knowledge or having their own transactions unnecessarily declined when trying to make purchases in another country. Financial institutions will also have an additional tool that will help them make more effective decisions when approving or declining a transaction on behalf of their customers.
Oberthur Technologies and Ingenico payment solutions will jointly showcase a couponing value added service on an NFC SIM card. In line with the mobile NFC Value Added Services proposal POS terminals from the GSMA, this collaboration between both companies will enable retailers to securely dematerialize coupons and loyalty on an NFC Secure Element. Different products and solutions of OT enable this solution: the dragonFly NFC SIM card which is fast, secure and convenient, an application on the SIM card where the coupons and the loyalty card are stored and a mobile application for the end-user to see what coupons are available and manage them. Thanks to these, subscribers will be able to leverage on Ingenico’s large installed base of NFC embedded terminals across all geographies, managing loyalty triggering and coupons recognition. Mobile operators can offer a new added value service on the SIM cards that will be widely accepted by merchants.The coupons are stored on mobile phones so no more problem of losing or forgetting coupons at home and can download the coupons on the go.
SMARTRAC is launching its new NTAG213 product line: BullsEye, Midas and Circus NTAG213 NFC tags come with 144 bytes user memory with password protection, are compatible with NFC Forum Type 2 Tags and ISO/IEC14443 Type A standards and offer UID mirror functionality. BullsEye tags come with etched NFC Forum N-Mark. Sharing their memory structure and feature set, SMARTRAC’s new NTAG213 products will replace the highly successful NTAG203 product range. The industry’s best-known all-purpose NFC tag, the SMARTRAC BullsEye, and its close relatives Midas and Circus are now available with the new NXP NTAG213 chip equipped with 144 bytes user memory with password protection. The new chip also features unique ID (UID) mirror functionality, which enables the IC’s serial number to be mirrored as part of its encoded URL address. SMARTRAC’s BullsEye NTAG213 all purpose NFC tag comes with an etched NFC Forum N-Mark in the tag’s center simplifies the use of the product as it can be placed directly on top of the printed materials providing easy recognition.
Mercury Payment was awarded bronze in the “Front-line Customer Service Team” category in the eighth annual Stevie® Awards for Sales & Customer Service.The awards were presented by the Stevie Awards, which organizes several of the world’s leading business awards shows, including the prestigious International Business Awards and the new Asia-Pacific Stevie Awards. The final results were announced during a gala banquet on Friday, February 21 at the Bellagio Hotel in Las Vegas, Nevada. Finalists from the United States and several other nations attended. Mercury manages over a half-million merchant and partner interactions annually with a dedicated customer service staff of more than 100 people based in Colorado. More than 1,500 nominations from organizations of all sizes and in virtually every industry were evaluated in this year’s competition, an increase of 36 percent over 2013.
U.S. Bank is celebrating Military Saves Week through March 1 with the introduction of the Military Financial Education Course, a free digital program that provides active military members with critical financial wellness skills. U.S. Bank has partnered with EverFi, a leading education technology company, to produce the Military Financial Education Course. The curriculum will focus on educating active duty military members on financial steps that can be taken to help them prepare for deployment, save for their return and beyond, and plan for a successful transition back to civilian life. In addition, the course covers other critical topics such as savings and investing, identity protection, mortgages, and financing higher education.
ACI Worldwide announced Trustco Bank has selected the company to power its internet banking and payment services. Trustco is among the leading community institutions meeting this demand, delivering its thousands of customers a universal experience. In order to better service its customers, maximize efficiency and ensure a consistent user experience, Trustco selected ACI’s online banking technology, which provides the bank with flexibility, choice and speed to respond quickly to customers’ self-service needs. With ACI, the bank and customer have a single, consistent view of account information and transactions from any channel. Trustco chose to host its application in ACI’s data centers, which host banking and payment solutions for thousands of financial institutions, retailers and billers.
ROAM has expanded its mPOS solutions to include chip & PIN acceptance with the RP750x mobile card reader . This new cloud-based solution is fully compatible with ROAM’s mobile commerce platform, making ROAM the leading mPOS solution provider supporting new mPOS players with all mobile card acceptance types: magnetic stripe, NFC, chip & sign and chip & PIN. Combining state-of-the-art mobile payments technology from mPOS innovator ROAM with the global EMV expertise of Ingenico, the RP750x is the most flexible and secure chip & PIN device on the market.