First Data Announces Latest SpendTrend Analysis

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data released its “SpendTrend” analysis for Dec. 3, 2013, through Dec. 30, 2013, compared to Dec. 4, 2012, through Dec. 31, 2012, tracking same-store POS data by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks from nearly four million client U.S. merchants. Dollar volume growth of 6.1%…

Visa Launches Heritage-Based Corporate Platform

Visa launched “Everywhere you want to be” multi-stakeholder communications platform designed to deliver universal access to Visa’s secure digital payments. In the 21st century, “everywhere” transcends card usage at physical locations. It’s about realizing potential and achieving dreams. “Everywhere” now is relevant for a farmer in Rwanda paying school fees on his mobile phone, a jewelry designer in California selling to a global online customer base or a government official in Brazil rebuilding a village using a Visa prepaid card. With a new tagline, as well as a refreshed brand logo, Visa is introducing a new visual identity for one of the most recognized and powerful brands in the world. Visa’s first new spot under the “Everywhere you want to be” tagline is entitled “Flying,” and features U.S. Olympic women’s ski jumping hopeful and Team Visa athlete, Sarah Hendrickson.

American Express Discount Rate

The average discount rate for merchants accepting American Express cards hit a new low in the second and third quarters of 2013. Over the past seven years the worldwide average discount rate has declined from 2.57% to 2.52%. American Express says there are many factors that will likely result in more erosion. The mix of spending by location and industry, volume-related pricing discounts, strategic investments, and certain pricing initiatives are major factors in the erosion. Despite the decrease in the average discount rate, discount revenue increased 5% in the third quarter as billed business volume rose 7%. American Express notes faster growth in Global Network Services’ billings than overall American Express billings had an impact on discount revenues too. The average discount rate reflects pricing at merchants accepting general purpose American Express cards. It represents the percentage of billed business (both proprietary and Global Network Services) retained by the American Express from merchants it acquires, prior to payments to third parties unrelated to merchant acceptance.

NCR Announces Latest POS Innovation

NCR announced its fully integrated POS solution and an all-imaging bi-optic scanner. Both solutions are designed to provide retailers with innovative technology that helps provide competitive differentiation by enabling exceptional in-store shopping experiences. NCR is the leader in consumer transaction technologies including retail self-checkout technology and POS terminals with more than a million touchpoints in service. NCR POS solutions handle more than 125,000 transactions per minute. The new imagers and POS solutions are designed to improve operations and fit within the existing footprint of previous NCR devices.The NCR “RealScan” Imager reads 1D, 2D and Mobile bar codes fast and efficiently, provides high-performance imaging with the largest scan zone in its class and enables the ability to improve store security, provide real-time scanner feedback to managers, simplify cashier training and stream live images and videos.The “RealPOS XR7″ features a stylish all-in-one design with versatility, ruggedness and data security, either a 15″ or an 18.5” multi-touch display and is powered by the 4th generation Intel Core processor.

Allied Wallet Users Now Over 100mm Mark

Allied Wallet online credit card processing, multi-currency merchant services, and a PCI Level 1 secured payment gateway reported over 100 million users worldwide for their online payment solutions after a spike in holiday sales. Allied Wallet’s merchants saw an average increase of nearly 30% in sales. Allied Wallet’s merchants saw a significant spike in volume this holiday season, and this spike contributed to Allied Wallet’s growth to over 100 million users worldwide. Allied Wallet simplifies the process of online shopping by allowing consumers to create an eWallet. This eWallet acts as an online payment solution for consumers that stores and protects their payment information.

Checkpoint and RGIS Partner on Retailer RFID Implementations

Checkpoint Systems and RGIS, LLC, announced at the NRF 103rd Annual Convention & Expo that they have entered into a global partnership to bring the full RFID-based inventory management solution to retailers. The end-to-end solution incorporates the best-of-breed Merchandise Visibility Solution from Checkpoint, together with RGIS’s global team of inventory specialists. Checkpoint’s Merchandise Visibility Solution includes OATSystems software, RFID hardware, RFID tags, RFID-trained field engineers to deploy and support the implementation, RFID-based EAS leveraging the OneTag approach and Wirama Radar and RFID-based POS solutions and compliance tools.

Starmount Announces Advanced Omni-channel Customer Engagement, mSelling

Starmount announced version 3.0 of Starmount Connect, an advanced omni-channel commerce and customer engagement platform, and version 3.0 of Starmount Engage, the industry’s leading mobile selling solution for retailers. Starmount Connect and Engage allow retailers to meet rising consumer expectations in an omni-channel world by using mobile devices to engage their customers and deliver a personalized, highly relevant selling experience where the majority of retail sales take place ” in the store aisle. Starmount Connect brings together the data and capabilities to connect retailers’ stores, Web site, warehouses and distribution centers, with the out-of-the-box infrastructure, integration, data distribution and enterprise services that are required to drive omni-channel operations.

Target Update on Data Breach & Free Credit Monitoring

Target today announced updates on its continuing investigation into the recent data breach and its expected fourth quarter financial performance. It has been determined that certain guest information — separate from the payment card data previously disclosed — was taken during the data breach. To provide further peace of mind, Target is offering one year of free credit monitoring and identity theft protection to all guests who shopped our U.S. stores. Guests will have three months to enroll in the program.

Pitney Bowes hires New GM, Financial Services

Pitney Bowes announced Ron Totaro its latest addition as General Manager, Global Financial Services. He will be leading a team that is responsible for the strategic planning execution and P&L of the global payments and leasing businesses for Pitney Bowes, bringing an extensive background of building global organizations, driving top and bottom-line growth and leading innovation in payments, financial services, technology and ecommerce businesses. Ron has held leadership positions at GE Capital, American Express and America Online, and has led strategic transformation and growth at FICO, ACI Worldwide and private equity-backed companies. Totaro holds an MBA from the Stephen M. Ross School of Business at University of Michigan and a BS from the State University of New York at Albany.

Adyen Shows 3D Secure Impact Study

Adyen multichannel payment solutions released findings from its analysis of how applying 3D Secure to all transactions can positively or negatively impact conversion rates on a per-country basis. Indicating 3D Secure has a positive impact on conversion rates in countries such as India, Russia and the United Kingdom, but has a negative impact in France, Germany and the United States when implemented on all transactions. However, the report shows that when 3D Secure is implemented only on specific segments it can actually increase conversions in these markets. Developed by the MasterCard and Visa card schemes, 3D Secure is an additional security layer for authenticating cardholders online. Traditionally, online merchants have adopted a binary view: they either implement 3D Secure across all transactions or not at all. By analyzing transactions processed on its payment platform, Adyen has detailed data about the impact of 3D Secure across its portfolio in selected countries. India, Czech Republic, Russia and the United Kingdom show the highest uplift in conversion rates where 3D Secure has been implemented on all transactions. In India, the uplift is almost 30 percent, and in the United Kingdom it is around 2.5 percent.