USA Tech Comments on Sale Reco

USA Technologies board of directors has received a letter from S.A.V.E. Partners IV, LLC stating that S.A.V.E. believes that USA Technologies should immediately commence a process to explore and evaluate all potential strategic alternatives, including exploring a sale. The letter was also included by S.A.V.E. as an exhibit to a publicly filed amendment to its Schedule 13D. Stephen P. Herbert, chairman and CEO responded: “I want to assure all of our shareholders, including S.A.V.E., that we fully recognize the market dynamics in which our company operates, and that our board of directors has appropriately explored, and continues to appropriately explore, any and all potential strategic alternatives in order to maximize shareholder value.”

Meritus Chargeback Solutions to Save Merchants Time, Money

Meritus’s Chargeback Management System (CBMS) is an integrated solution that provides the merchant with the information needed to help investigate and more effectively dispute chargebacks. Chargeback Management System is a secure add-on solution that is available through Meritus’ proprietary platform, Payment XP. This intuitive solution continually tracks and updates pending transactions, keeping you up to date and informed throughout the entire chargeback process. All new and existing chargeback cases are instantaneously available, so you can easily understand and prioritize your work. With Chargeback Management System merchants win 30% more of their disputes, resulting in a significant increase in revenue. Additionally, merchants who use CBMS substantially reduce their time spent on chargebacks, spending 40% less time per chargeback.

Chase United VIP Lounge for “Big Game Week”

Chase and United Airlines announced a Chase United VIP Lounge in New York City’s Times Square to celebrate ‘Big Game Week,’ where Chase United MileagePlus® Cardmembers can enjoy complementary amenities and exclusive events with celebrity chefs and football legends. From January 29 to February 2, Chase United MileagePlus Cardmembers are welcome-along with up to four guests-to visit the VIP Lounge at Restaurateur Guy Fieri’s Guy’s American Kitchen and Bar in Times Square. For admittance to the VIP Lounge, which is located at 220 W. 44th Street in New York City, cardmembers will need to present their United MileagePlus Credit Card from Chase and valid identification.

ECONOMIC CONFIDENCE On the Rise as SPENDING INTENTIONS Drop in DECEMBER

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Discover Spending Monitor remained unchanged at 89.0 in December, reflecting a consumer confidence level at its highest level since July. Spending intentions, however, declined as there was a significant increase in those who believe economic conditions are improving heading into 2014. The number of consumers who believe the economy is…

First Bankcard Expands Free FICO Scores

Starting this week, First Bankcard is expanding a credit card program announced in November in partnership with FICO, giving cardholders with First Bankcard-issued credit cards free access to their FICO® Scores, along with information on the key factors affecting their credit scores and the actions they can take to ensure good financial management habits. Credit card customers having “First National Bank of Omaha” branded credit cards were the first to receive their free FICO® Scores. The program is now being extended to customers of First Bankcard’s co-branded credit card partners who have credit cards issued by First Bankcard

Consumer Delinquencies Hit Lows

Consumer delinquencies declined significantly in last year’s third quarter as the economy improved and consumers better managed their finances, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. The composite ratio, which tracks delinquencies in eight closed-end installment loan categories, fell 13 basis points to 1.63 percent of all accounts in the third quarter, a record low that’s well under the 15-year average of 2.35 percent. The ABA report defines a delinquency as a late payment that is 30 days or more overdue.

Western Union Payment Available at SunTrust

Western Union and SunTrust Bank launched Western Union global money transfer and bill payment services at more than 1,500 bank Agent locations in the southeastern U.S. SunTrust clients and the general public can now pay bills or load prepaid cards via Western Union services, or send money to more than 495,000 Western Union Agent locations in 200 countries and territories from all SunTrust bank locations. Western Union services are offered in the U.S. through a strategically combined Agent network of nearly 46,000 banks, national retail and grocery chains, and independent locations. The company also offers its customers online and mobile phone access points in certain countries for money transfer services.

Bluefin Launches New mPOS System

Bluefin Payment cloud-based integrated payment solutions for independent software vendors (ISVs) introduced their “QuickSwipe” mPOS system. QuickSwipe is a turn-key payment application for single and multi-user mobile processing on iOS devices. Bluefin also offers the QuickSwipe SDK for integrated payments with an ISV’s existing mobile application. This lets merchants can build catalogs of items and inventory, assign administrators and users, enable tips and taxes, easily issue refunds, and provide detailed, GPS-driven receipts. The application supports credit/debit, ACH and cash journaling. Merchants have the flexibility to extend their brand to the application with the addition of their logo, colors, and business information.

Paper Checks Disappearing

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Paper checks continue to fall out-of-favor in the USA, The volume of checks cleared through the Federal Reserve System declined 3.1% in the third quarter, following a 6.0% decline one-year ago. The latest figures show only 1.481 billion checks cleared in the third quarter of this year, compared to 1.609 billion…

NCR Cloud Connect

NCR Corporation today unveiled NCR Cloud Connect: a powerful, cloud-based ecosystem of digital services for retailers. The innovations offered to retailers as part of the NCR Cloud Connect ecosystem will be provided by both NCR and a growing roster of innovative technology companies. As a result of the digital explosion, retailers are increasingly turning to new and innovative technology services to better engage consumers. According to a recent study by Retail Systems Research, 48 percent of retailers recognize that they must do more to incorporate digital and online experiences into stores. The challenge many retailers have experienced to date has been finding the best solutions to implement and making them as effective as possible in their existing retail environments.

Voice ID for Secure Digital Tranactions

AGNITiO and fellow FIDO Alliance founding member Nok Nok Labs, a company founded to transform online authentication for modern computing, announce the world’s first demonstration at CES of a FIDO Ready™ Voice iD implementation, showcasing the market-transforming benefits of spoken voice authentication and identification for digital transactions. The Agnitio and Nok Nok Labs FIDO Ready™ demonstration shows how Voice ID and Nok Nok Lab’s Multifactor Authentication Client can be integrated into a mobile application to perform voiceprint-based strong authentication. The solution shown illustrates how FIDO-based authentication can replace the use of passwords to log in or confirm an e-commerce payment. This combination of Nok Nok Labs and AGNITiO FIDO Ready™ product empowers users of online, mobile, and point-of-sale applications to conveniently access sites and services, and perform transactions that are more secure, private, and easy-to-use.

mCard Protects Personal Data

mCards, a mobile payment system launched by New Media Insight Group, Inc. helps users prevent their personal information from falling into the wrong hands by generating credit card numbers that can only be used once and expire after 20 minutes. When consumers sign up, they link their mCard to an existing bank account or credit card, which allows them to add money to their account. They will then be able to access a virtual credit card on their smartphone that they can use to make purchases at any merchant that accepts MasterCard. Because the mCard functions similarly to a prepaid credit card, even if someone did steal the number, the thief could only access the available balance.