SmartMetric Launches Micro-Operating for Payment Card Apps

SmartMetric patented payment card technology and in-card biometric products created a sub-micro operating system for nano-computers. The SmartMetric Intelligent Card OS is an operating system that unlocks new possibilities for software and app development for a payment card-sized device that has broad functionality, comparable to a smartphone or tablet. SmartMetric’s operating system is designed to run on the SmartMetric intelligent card, which combines biometrics with patented nano-computing technology, the world’s smallest fingerprint reader, an internal ARM 9 processor, processing power equal that of a PC, and up to 128 gigabytes of memory, matching the maximum memory capacity of current iPads.

MoneyGram Payment Taps HI Segment

MoneyGram is offering convenient and affordable payment solutions for customers and insurance providers, working with some of the largest U.S. insurance companies to accept cash payments for premiums at more than 38,000 U.S. bill pay agent locations including CVS, ACE Cash Express, Albertsons and Walmart. Currently, MoneyGram is accepting payments for more than 200 health care companies. The health care provider will inform its customers if payments can be made through MoneyGram. MoneyGram offers same day and next day payment options.

Mobile Money by T-Mobile

T-Mobile US, Inc. today announced the company is extending its Un-carrier consumer movement to personal finance – transforming smartphones into personal money managers that can free people from excessive fees they often pay to use their own money. Mobile Money helps counter that trend with the combination of a simple, smartphone money management application designed for use with a re-loadable T-Mobile Visa® Prepaid Card that offers many reduced fee or $0 cost services for registered T-Mobile wireless customers. With Mobile Money, registered T-Mobile wireless customers pay $0 for things they do every day. No charge for activation, monthly maintenance, in-network ATM withdrawals, or for replacing lost or stolen cards. No minimum balances required. No more worrying about overdraft fees. And no unnecessary trips to the bank or a check casheri.

CPI Decline

The consumer price index (CPI) has declined a record 130 basis points in the fourth quarter this year from 2011, despite persistent unemployment as well as rising fuel and food prices.However, it is up 20 basis points from one-year ago. The Bureau of Labor Statistics says the year-over-year unadjusted CPI came in at 0.96%, which the BLS rounds to 1.0%, down from 1.18% last month. RAM Research predicts the CPI will decline to 1.5% by the end of December.

NCR and ATMRC Deploy Weatherized ATMs

NCR Corporation, the global leader in consumer transaction technologies, announced today that Moneycorp has deployed weatherized NCR SelfServ™ 28 ATMs in city center locations around the U.K. to provide a reliable, secure service for customers. The NCR ATMs are conveniently designed for busy city center locations. Moneycorp worked closely with NCR and NCR partner, ATMRC, to quickly design, test and deploy the ATM solution. This ensured a timely and effective deployment for Moneycorp’s on-street ATMs, helping to future-proof its business and increase profitability. It is designed to be easily deployed and redeployed anywhere”indoors or outdoors”with minimal infrastructure requirements, providing maximum brand exposure, transaction volumes and revenue combined with a low cost of ownership. The SelfServ 28 ATM needs only a power outlet to operate and with a temperature range from -50 to +35 degrees centigrade does not require a structure to protect it from the weather.

VISA CEMEA Q4

Visa’s payment card volume in Central Europe, the Middle East and Africa has been slowing down in 2013, from nearly 37% year-on-year growth in Q4/2011 to a mere a 15% in the fourth quarter of this year. Poland and Hungary are holding their own while the Czech Republic is very sluggish. Pakistan’s economic performance is getting a boost by the decision of EU Parliament’s International Trade Committee’s to grant duty-free market access to its exports.

Fiserv Announces Latest Integrated Payment Client

Fiserv announced today that South Carolina State Federal Credit Union (SCU) has selected an integrated suite of payment solutions including debit and credit card processing, the Accel™ debit payments network, UChoose Rewards® and Risk OfficeSM, to enhance the member experience and improve operational efficiency. SCU has been using DNA from Fiserv since 2006. Fiserv provides comprehensive integrated solutions for credit unions which include account processing, bill pay, online banking and a full suite of credit, debit and prepaid solutions, including a flexible loyalty rewards program and fraud risk solutions for cards. Fiserv also offers card personalization, 24-hour call centers and extensive training, marketing and implementation support.

2Checkout Takes-On WePay e-Commerce Customers

2Checkout online payments has launched a program to rescue merchants recently abandoned by WePay. WePay recently announced their decision to retire their hosted checkout option and force customers to adopt their APIs instead. 2Checkout continues to offer merchants a hosted payments solution, and has set up a convenient landing page for former WePay customers to learn more. Hosted checkouts offer an intuitive and agile way for merchants to jump into online retailing without the hassle of formatting pages of website code.

Allied Wallet Acquires Massive Payment Processor

Allied Wallet online credit card processing, multi-currency merchant services, and a PCI Level 1 secured payment gateway, has acquired one of the largest Chinese payment processors in Hong Kong, CloudAsia. Allied Wallet began its talks with CloudAsia in mid-2013 and took note of CloudAsia’s exemplary growth in Asia. CloudAsia quickly picked up e-commerce merchants all over Asia with a service that Allied Wallet considers very similar to their own in quality. Allied Wallet has acquired the fast-growing Chinese payment processor and believes this will stimulate their growth in Asia. Acquiring the Chinese payment processor will give Allied Wallet more access to consumers and local banks in all regions of Asia including Indonesia, Korea, Malaysia, and mainland China.

NCR APTRA Interactive Video ATM

North Shore Bank is the first financial institution in Wisconsin to serve customers with video teller ATMs, the bank and NCR Corporation announced today. The technology, in place at North Shore Bank’s newest branch, allows for extended service hours – a 30 percent increase over former banking hours – and a friendly and efficient customer experience. APTRA Interactive Teller and it is the only ATM-based technology that not only lets people talk to a live remote teller, but also gives the teller remote control over the machine to conduct transactions.

Oink Payments Service Implements WorldPay US Payment Platform

Virtual Piggy safe youth payments technology, Oink, announced that it has teamed with WorldPay US to increase its strategic 2014 merchant acquisition plans within the teen market. The WorldPay payment processing platform is used for in-person credit and debit transactions, online and mobile payments. Oink’s relationship with WorldPay will bring the safe youth payments technology to the WorldPay merchant network and facilitate integrations into teen focused retail websites and shops. Oink is the only COPPA-compliant payment technology designed to allow retailers and game publishers to reach under 21 consumers in a safe, legal and effective manner.

CREDIT CARD INDUSTRY FEES TREND SOFTENS, AS PREDICTED

R.K. Hammer, in this 3rd of their annual series of year-end card industry reports, indicates that the card business saw a fee income decrease of $2.6 billion in 2013, compared to 2012; $79.9 billion vs. $82.5 billion a year earlier. New regulations and legislation continues to have an impact. Post-recession card fees have been fairly flat for the past five years, according to R.K. Hammer…