U.S. Bank announced the full market launch of its Travel VirtualPay product, following a successful pilot program. The bank is the first payment provider in North America to deliver a truly integrated travel payment and reconciliation tool that replaces manual central billing of hotel charges with single-use virtual account numbers. Travel managers can identify and track a booking from the time of reservation through final settlement and audit. The tool integrates directly with their current travel supplier or agency, allowing them to easily request a virtual account for each booking and consolidating all transaction data into one location. When a supplier charges the account, an automated reconciliation process accurately matches traveler and transaction, triggering immediate payment.
First Data ecommerce and payment processing acquired Perka smart loyalty program for undisclosed terms. The First Data subsidiary continues to operate autonomously as an innovative entrepreneurial company led by its current management and product development team. Perka is a mobile marketing and consumer loyalty platform that helps small to medium-sized merchants engage their customers with location-based smartphone apps. The Perka Punchcard service and Perka Flexpoints for retail stores and sit-down restaurants deliver sustainable and highly personal marketing and incentive programs to consumers. The cloud-hosted platform features merchant-validated transactions, triggered offers, mobile messaging, and retail customer relationship data for the merchant.
Ingenico posted 3Q/13 9 months ending revenue of EUR1.004 billion, up 17% from the year ago figure, and quarterly revenue of EUR348 million thanks to performance across all geographies and segments. Also, from the year figure, Growth momentum in North America was up 40%; growth acceleration in Transactions services due to Ogone’s successful integration was up 15%; and full-year guidance raised for revenue and profitability. Also Organic growth was above 12% and revenue exceeded the EUR1 billion threshold in nine months for the first time ever.
MasterCard is set to extend its Dig In & Do Good campaign through the holiday season with the goal of raising an additional $4 million for Stand Up To Cancer® (SU2C) and will continue to make a one cent donation to SU2C when cardholders spend $10 or more for a meal using their MasterCard through December 31, 2013 up to $4 million (U.S.). The program engages consumers to help drive necessary funding for innovative cancer research through their already planned activity simply by making the choice to use their MasterCard to pay for their meal. MasterCard presented the $4 million fundraising contribution from the first portion of the campaign to SU2C on-field during Game 4 of the 2013 World Series. MasterCard and SU2C representatives were joined on-field by SU2C celebrity ambassador. The promotion applies to U.S. qualifying restaurant purchases made by MasterCard consumer and small business cardholders with MasterCard cards issued by U.S. financial institutions.
FundtechACH Alert and Fundtech announce a partnership to make available ACH Alert’s suite of innovative, patented fraud mitigation solutions via Fundtech products. ACH Alert’s suite of fraud mitigation solutions enhance Fundtech’s offerings with industry-leading capabilities that allow financial institutions to mitigate incoming ACH fraud and outgoing ACH and wire fraud for their customers. By providing these solutions, Fundtech enables financial institutions to comply with FFIEC guidance calling for layered security, with different controls at various points in a transaction process. Further, financial institutions are able to monetize these services, by selling to their customers and members. These impact Fundtech solution users of CASHplus; PAYplus USA and PAYplus Connect/GFX; ACHplus; and OrigiNET.
Toshiba Global Commerce Solutions announced HUGO BOSS has selected Toshiba for a global deployment of store technology solutions led by TCxWave, a versatile solution unlike any other POS, kiosk or self-service device the market has ever seen, being deployed across its European stores. The United States market deployment includes TCxWave, with an option for Toshiba SurePOS 785, also a premier point-of-sale solution, commencing in September 2013. Developed by award-winning industrial designers, the striking appearance of TCxWave allows retailers to use the technology throughout the store to create a consistent and positive shopping experience. The versatile design and functionality of the TCxWave point of sale, kiosk or self-service unit enables the freedom to use one platform for multiple purposes throughout the store, and the wide-screen format and gesture touch based screen affords investment protection for evolving retail space.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data 3Q/13 consolidated revenue is up 1% by $38 million to $2.7 billion while adjusted revenue was $1.7 billion, also up 1%, from the year ago period. The revenue spike was thanks in great part to a $32 million increase in reimbursable debit network fees, postage and other. For the…
Samsung Electronics expands consumer offerings available through Samsung Wallet, a practical and easy-to-use mobile app for storing tickets, boarding passes, membership cards, coupons, and more, with the addition of new partnerships across several industries-including transportation, coupons and hospitality. New partners like American Express, United Airlines, Virgin Atlantic, Malaysia Airlines, Amtrak, Valpak, eGifter, Gyft, Yowza, SpotOn, Agoda, HRS, Opodo and Thrillcall are joining the Samsung Wallet ecosystem, which includes partners previously announced at the Mobile World Congress 2013 – Walgreens, Expedia, Belly, Lufthansa, and Hotels.com. Samsung Wallet is available for download on the Galaxy S® III, Galaxy S® 4, Galaxy Note®, Galaxy Note® II and Galaxy Note 3 from Samsung Apps (http://apps.samsung.com) or Google Play.
Intellicheck Mobilisa identity solutions and wireless security systems launched an Android version of barZapp ID-checking mobile app. With it, smartphones can be used to check an ID card. An introductory version is available in the Google App Store for $1.99 and offers users 10 scans per day once a free account has been created at this link. Unlimited scans are available for a paid subscription of $9.95 per month for the barZapp Pro version. barZapp for Android requires Android Version 2.3.3 or higher. With this launch, barZapp is now available on both the Google and Apple App Stores. With barZapp, users can aim their smartphone’s camera at the barcode on a driver’s license to instantly read and verify the encoded information and display the results”including the bearer’s name, date of birth, ID expiration and ID number.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Economists at Global Economics Group released a new study examining the impact of the Durbin Amendment on consumers, retailers, and banks showing consumers will lose more than $22 billion as a result of the price caps on the interchange fees banks receive when consumers pay with a debit card. It also…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] PrivatBank has launched its Android contactless ATM that runs on Android. Letting users withdraw cash through their mobile phone, the new ATM solution does not have the usual display with buttons and is equipped with NFC- reader. Inside the ” black box” there is a first-class protection safe and the necessary…
InComm launched its “Cashtie” Cloud Match Service, allowing loyalty program, mobile wallet and digital coupon providers to offer their capabilities to InComm’s retail network without lengthy integration or new hardware to install at a retailer’s POS. The “Cashtie” Cloud Match Service lets providers and retailers to seamlessly manage and process mobile barcode transactions without any changes to the POS system, leveraging the established host-to-host connectivity between InComm and the retailer and InComm’s barcode activation. The cloud match service uses the transaction details to match, in the cloud, the transaction at a specific cash register within a particular retail location and the provider that is associated with the barcode. Cashtie then shares this information with the provider, who matches it to a specific consumer and responds with the transaction details for making a payment, receiving a discount or gaining loyalty points. Cashtie then sends the details for the transaction back to the POS either via InComm’s proprietary switching technology, as part of InComm’s Enhanced Payment Platform or to any third party switching solution used by the retailer.