MasterCard, eServGlobal and BICS today announced the formation of HomeSend, a joint venture (JV) which will enable consumers to send money to and from mobile money accounts, payment cards, bank accounts or cash outlets – regardless of their location or that of the recipient. The HomeSend JV will leverage the current HomeSend platform, a remittance hub based on eServGlobal technology and developed as part of a strategic partnership between eServGlobal and BICS. The HomeSend platform was first to market in offering international mobile remittances.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] VeriFone posted its net revenues of $432 million and net revenues of $431 million for the three months ended October 31, 2013. With this, it reported operating cash flow of $55 million and free cash flow of $38 million. The net revenue of $432 million, compared to $489 million a year…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The U.S. prime rate will continue to hover at 3.25% but the LIBOR is slowly heading higher, a little screwy given the overall economic situation. RAM Research predicts the LIBOR will head up to 0.35%, a ten basis points jump from the third quarter, and the lowest since the second quarter…
Discover and the FIDO (Fast IDentity Online) Alliance announced that Discover has joined the Alliance and been appointed to the Board of Directors. FIDO members commit to share technology and collaborate to deliver open specifications for universal strong authentication that enables FIDO-compliant authentication methods to be interoperable, more secure and private, and easier to use. Open FIDO specifications will support a full range of authentication technologies, including biometrics such as fingerprint and iris scanners, voice and facial recognition, as well as existing solutions and communications standards, such as Trusted Platform Modules (TPM), USB Security Tokens, embedded Secure Elements (eSE), Smart Cards, Bluetooth Low Energy (BLE), and Near Field Communication (NFC).
KUBOO Inc announced that it has partnered with Virtual Piggy, Inc. (http://www.virtualpiggy.com/) , provider of safe youth payments technology, Oink. The parties have agreed to joint marketing efforts that will reach millions of kids and teens. Oink (http://www.oink.com/) 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.
Fiserv announced that its Mobiliti mobile banking platform received four “Best in Class” distinctions in a recent CEB TowerGroup global mobile technology analysis. Mobiliti from Fiserv was named “Best in Class” in each of the four categories evaluated: Customer Experience, Interface Development, Integration and Management and Enterprise Support. The CEB TowerGroup technology analysis aims to provide a customer-driven, transparent and unbiased review designed to drive informed business decisions. Its product rankings highlight best-in-class attributes and show a comparative perspective of leading products. This report assessed more than a dozen mobile banking offerings across worldwide markets. When evaluating Mobiliti, the CEB TowerGroup report cited the structured approach to product roadmap development employed by Fiserv to ensure continued delivery of innovative product features.
First National Bank of Pennsylvania recently announced that it is one of the first banks in the country, and the first bank in Pennsylvania, to introduce Popmoney Instant Payments, a new feature within the Popmoney personal payment service that allows FNB online banking customers with an FNB debit card to transfer money in real time to other people. Popmoney, a Fiserv product which FNB has offered since 2012, allows FNB customers to quickly and easily request money or send payments using the recipient’s email address, mobile phone number or bank account information. Customers will now have the convenience of sending money immediately, without the need for cash or the traditional delays associated with other forms of money movement, such as check or ACH and without the hassle and expense of a wire transfer.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MoneyGram, a leading global money transfer company, announces today that it has signed an agreement with New Albertson’s Inc., (NAI), to offer money transfer, bill payment and money order services in all ACME Markets, Jewel-Osco, Shaw’s and Star Markets grocery stores. The new agreement with NAI includes provisions which will allow…
SeaWorld Parks & Entertainment the parent company of SeaWorld and Busch Gardens has partnered with Welch ATM to provide ATM services in the company’s parks nationwide. The partnership includes ATM equipment, management, financial institution branding and services for the SeaWorld®, Busch Gardens® and Sesame Place® parks throughout the U.S. Headquartered in Peoria, IL, Welch ATM currently manages a network of over 22,000 ATMs nationwide. Welch’s company focus is customer satisfaction. They have earned the “Best Practice ATM Deployer” award from the ATM Industry Association and were ranked the #1 ATM Help Desk by NCR. SeaWorld ATMs will have colorful wraps, screens and toppers making it that much easier for park customers to find easy access to cash.
Comdata has released a new advisor tool within its FleetAdvance solution. FleetAdvance Advisor enables customers to proactively plan fuel stops with the best pricing opportunities along a route to help fleets make smarter fueling decisions. Comdata FleetAdvance provides customers with real-time transaction data to help guide informed purchasing patterns, better manage fuel costs and improve driver behavior.
Datacard Group signed an agreement to acquire Entrust. The acquisition builds on the strengths of each company to enable its customers and partners to deliver better services in highly connected environments. The acquisition is expected to close on December 31, 2013, subject to regulatory approval and customary closing conditions. The combined entity will employ nearly 2,000 professionals, leveraging hundreds of channel partners to serve tens of thousands of customers. Together the company will enable its customers to issue over 10 million physical identities daily, handle over 200 billion transactions a year, and manage billions of identities, including the majority of payment cards and identification solutions in more than 100 countries.
The NFC Forum announced two newly elected Vice Chairmen of its Board of Directors, Trevor Pavey of Broadcom Corporation and Alexander Rensink of NXP Semiconductors. A senior product line manager at Broadcom, Trevor Pavey is a seasoned high tech marketing executive with eight years of RFID and wireless expertise coupled with 17 years of experience in semiconductor technology, marketing, business development, applications, and design. During his tenure at Broadcom, Pavey has been responsible for ecosystem management, including Broadcom’s relationships with the major payment associations and mobile carriers. Earlier in his career, he was instrumental in launching the NFC business at Texas Instruments. Alexander Rensink is strategic marketing director in the Identification business unit at NXP, which he joined in 2007. At NXP, Rensink focuses on the significant potential for identification technology in the mobile market with the goal of expanding the deployment of NFC-based solutions into mobile phones and tablets. In this role, he has had considerable experience in working with both infrastructure suppliers and application developers to deliver end-to-end solutions for vertical markets.