Net Element mpayment and value-added transactional services announced Aptito cloud-based POS payments platform is now Visa-Ready for their mPOS solution. Aptito helps restaurants drive consumer engagement via tablet, mobile and all other cloud-connected devices. Aptito’s mPOS system provides hospitality merchants with tools to increase sales, productivity, and customer loyalty. The solution is a tablet-based POS that combines traditional POS functionality with mobile ordering, payments, social media, intelligent offers, mobile applications, loyalty, and transactional data all in one solution supported by Aptito’s cloud-based payments platform. Restaurants can leverage Aptito to plug into social networks, daily deal promotions and other marketing programs while having the ability to use Aptito’s integrated mobile marketing tools to deploy their own lead generation campaigns and loyalty rewards.
PayPal APAC is delivering great online consumer shopping experiences with the launch of mo.bi.pay, an innovative mobile payments solution developed for small-to-medium businesses (SMBs). Mo.bi.pay (mobile built-in payments) is a mobile plug-in solution developed for merchants using shopping carts on their platforms. Developed by the Vertical Solutions team in Singapore, the plug-in allows SMBs to easily customize their websites for mobile shopping without any impact to existing sites.Mo.bi.pay incorporates PayPal’s mobile best practices so the customer can pay quickly, easily and securely from his or her mobile device – while potentially reducing shopping cart abandonment and increasing a merchant’s sales.
USA Technologies is among the winners of the SmartCEO 2014 Future 50 awards for Greater Philadelphia.The Future 50 awards program recognizes the region’s 50 fast-growth, mid-sized companies, five large blue chip companies and five small emerging growth companies based on a combined three-year average of revenue and employee growth. USA Technologies is to be celebrated at an awards ceremony on January 16, 2014.
A Ukrainian national charged as part of a multiagency federal investigation into a worldwide online marketplace for stolen personal and financial information was arraigned in federal court Monday following his extradition Friday from Croatia. Operation Open Market, which began in March 2007, targeted an organization known as “Carder.su.” The investigation revealed members of the ring, known as “carders,” were involved in large-scale trafficking of compromised credit card account data and counterfeit credit cards, as well as money laundering, narcotics trafficking and various types of computer crime.
Primax debit and credit card issuing and merchant acquiring programs, products and services entered into a payments card processing service agreement with First Data. Primax closed on the transaction to acquire the processing business of New England Bankcard Association Inc. (NEBA), a Massachusetts-based association of banks that provided credit card issuing and merchant acquiring programs, products and support services for its members. The Primax acquisition of NEBA processing consolidated the current processing and servicing business of NEBA into Primax and the processing agreement, which was previously between NEBA and First Data, is now between Primax and First Data.
WorldPay’s end-to-end payment services integrated with Delego epayment processing platform, combining SAP enterprise systems with online payments. The Delego software securely captures electronic payment transaction data from customers and this information is routed to the WorldPay Gateway. WorldPay then manages the payment authorisation and settlement process. This allows merchants to implement WorldPay’s payment processing, alternative payment methods and risk management services through a single connection. The integration also increases security of payment information and reduces the scope of PCI DSS.
AT&T and Vantiv, Inc. announced the availability of new payment products that deliver highly secure, integrated and speedy on-the-spot mobile transactions to businesses of all sizes. Mobile payments represent a market opportunity with significant upside as businesses implement new, more integrated ways to manage their operations and sell to customers. In fact, Forrester Research projects that U.S. mobile payments will reach $90 billion in 2017, representing a 48 percent compound annual growth rate from the $12.8 billion spent in 2012.
Metro announced that the Authority will begin testing a new electronic payment program after awarding Accenture the contract to replace the existing fare collection systems for Metrorail, Metro-operated parking facilities, Metrobus and MetroAccess services. The $184 million contract was awarded on a best value basis, following a competitive procurement process that included an examination of the technical capabilities of the shortlisted companies and their proposals, historical performance, and value for money. The new system will be designed to provide a state of the art system for Metro customers that enables them to continue to use SmarTrip cards, while expanding fare payment to chip-enabled credit cards, federal government ID cards, and mobile phones using NFC.
Net Element, Inc. is pleased to announce today that Aptito, LLC (“Aptito”), has achieved Visa Ready status for their mPOS solution. Aptito is a next generation, cloud-based point of sale payments platform, operated through TOT Group, Inc. (“TOT”) the mobile payments and transaction processing subsidiary of Net Element. Aptito helps restaurants drive consumer engagement via tablet, mobile and all other cloud-connected devices. Aptito’s mPOS system provides hospitality merchants with tools to increase sales, productivity, and customer loyalty. The solution is a tablet-based POS that combines traditional POS functionality with mobile ordering, payments, social media, intelligent offers, mobile applications, loyalty, and transactional data all in one solution supported by Aptito’s cloud-based payments platform.
TD Bank has launched TD Go, a reloadable prepaid card for teenagers that can be used wherever Visa debit cards are accepted. Adults can open and fund the card for their teenagers online using a debit or credit card or via direct deposit. Once activated, parents can monitor spending online and receive email and text alerts on balances, transactions and adult-oriented purchases. The TD Go Card allows teenagers to spend only available funds unlike credit cards and if a card is lost or stolen it can quickly be cancelled and replaced unlike cash.
Vantiv, Inc. and Microsoft announced an agreement to deliver a new range of solutions for mobile POS and cloud-connected payments that can help businesses maximize their customer reach at any scale, end-to-end. From simple mobile payment collection in the field, to individual direct sales transactions, to retail store operations and more, the combination of Microsoft’s technology with Vantiv’s processing services and support will make it easier for businesses to take full advantage of their most important asset – their people – to offer seamless best-in-class experiences.
PassMarket, first launched in 2012, is a behind-the-scenes platform that allows businesses to interact with customers using passes stored in digital wallet applications like Apple’s PassBook. Formerly focused on loyalty and rewards programs, the addition of “empty hand” payments was announced on Monday at the National Retail Federation’s annual trade show in New York. When the customer makes a purchase at that retailer with a credit card, the payment information can be stored in a secure vault at the payment processor and “tokenized” ” that is, assigned a unique but meaningless code ” and the tokens added to the user’s pass profile. Subsequent charges by that user can be made by simply passing the tokens to the processor, rather than reacquiring the payment information with another swipe.