Payment Alliance International (PAI) retail ATM solutions and Iberiabank announced they have entered into an agreement to brand ATMs in Rite Aid. As in other financial institution branding partnerships, PAI will own and operate the ATM placements, and IBERIABANK cardholders will enjoy surcharge free access for transactions made at IBERIABANK branded ATMs that can be found at select Rite Aid locations. As one of the largest ATM networks in the United States, PAI provides ATM services for over 60,000 retail locations nationwide and has been selected to provide ATM services for approximately 1,500 Rite Aid locations in the western, central, and southern United States.
CardConnect payment processing partnered OnDeck, which efficiently delivers capital to a market underserved by banks. This partnership extends immediate, pre-authorized and transparent funding to the 50,000 U.S. businesses using CardConnect to accept billions of dollars in transactions each year. With OnDeck’s technology platform integrated into CardConnect’s underwriting process, CardConnect merchants have immediate access to both payment processing and small business loans. CardConnect merchants can secure fixed amounts of capital — ranging from $5,000 to $250,000 — for what is typically 50 percent less expensive than a merchant cash advance.
ArgoPay is now allowing merchants to keep more money while rewarding credit card users. In any credit card transaction, at least seven middlemen get between a merchant and their money, sending between 2 and 5 % of purchases to these go-betweens. ArgoPay is disrupting the payment system, eliminating all of these intermediaries with a virtual credit card issued when you download the ArgoPay app. Merchants now get 0% processing fees without the need for any additional dongles or hardware to process payments. They also get instant access to a loyalty program for their best customers and a hassle-free way to send tempting offers to consumers who might become their next loyal customer.
On Track Innovations cashless payment solutions based on contactless transactions and near-field communication (NFC), has received official certification to use MasterCard’s “Mobile MasterCard PayPass – M/Chip 4” technology in OTI’s Wave, a new NFC add-on for smartphones, tablets and PC devices. The Wave is the industry’s first audio jack plug-in NFC payment solution and the only to receive certification from a major payment company like MasterCard. Based on OTI’s patented NFC technology, the compact Wave dongle is device agnostic, easily plugging into any smartphone, tablet or PC, allowing users to pay with their device while enjoying real-time benefits from loyalty programs and other incentives as delivered by the corresponding application. It opens up a whole new world of mobile device applications, while alleviating the burden of a wallet full of credit cards. With Public Key Infrastructure on the Java OS, it offers NFC payment performance.
payworks mPOS processing partnered Orderman ordering and billing systems in the restaurant and hospitality business to build a Chip & PIN solutions for mobile ordering terminals. Orderman integrates the payworks mPOS SDK into their ordering and billing systems, enabling their merchants to accept payments with low cost and pocket size Chip & PIN devices. The combined solution will be presented at IGEHO, one of the largest exhibitions for the hotel sector, taking place in Basel/Switzerland from 23rd to 27th of November 2013. Orderman integrates the payworks mPOS SDK into their products. The implementation enables merchants using Orderman terminals to equip their staff with a fully certified, low cost credit card terminal, which they can carry around in their pockets, reducing checkout time significantly and enhancing the interaction with their guests. Prior the now introduced solution, the staff had to get a wireless terminal from the sales counter each time a customer wanted to pay by card.
Oberthur Technologies, one of the world’s largest providers of security and identification solutions and services based on smart card technologies, announced that MoreMagic, an Oberthur Technologies company, has joined the MasterCard Mobile Money Partnership Program (MMPP), a program designed to help more than 2.5 billion financially-underserved consumers around the world use their mobile phones to access mainstream financial services. Through its MoreMagic Mobile Money offer, Oberthur Technologies enables a full suite of banking, payment and commerce services in areas where there is a lack of banking infrastructure. Relying on the industry’s most comprehensive suite of applications, the solution connects a global mobile financial ecosystem that links mobile operators, financial services organizations, retail distributors, NGOs and other businesses.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Conference Board statistics are currently not being updated due to the suspension of Federal government services. The last update to our Conference Board statistics was August 22, 2013 for the month of July. During the shutdown period, Cardweb will not collect data or issue reports in this capacity. Updates to this…
Acculynk has been selected to participate in ATM Debit & Prepaid Payments Innovation Day and will highlight its “Payzur” personal commerce (p-commerce) payment technology. The “Payzur” solution is 100% white labeled allowing financial institutions the ability to fully brand P2P transactions without an intermediary brand. It combines the established EFT debit rails with Acculynk’s patented online graphical PaySecure® PIN pad. This new approach represents an ‘out of the box’ round trip P2P transaction for financial institutions. The annual Payments Innovation Day (PiD) demonstration showcase features cutting-edge solutions driving innovation in payments and includes demonstrations in quick-fire format from up and coming companies.
VeriFone announced Holiday Oil completed a chain wide rollout of its “LiftRetail” marketing solution, which uses POS-connected digital screens to engage each shopper with relevant offers and coupons. Additionally, it analyzes each item in a shopper’s basket in real-time to make the right offer to the right shopper at the right time. The result is a proven increase in sales, delighted shoppers, and empowered cashiers. Instead of relying on paper punch cards, LiftRetail tacks each shopper’s purchases by mobile number and automatically redeems their sixth coffee for free. It also customizes advertiser-funded offers to match the prices, promotions, and item availability of each retailer for a centric marketing platform funded by CPG manufacturers.
Oberthur Technologies has joined the FIDO (Fast IDentity Online) Alliance and has 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 authentication methods to be interoperable, more secure and private, and easier to use. Thanks to FIDO specifications for an end-to-end framework, end users will have an improved customer experience without having to remember multiple passwords for different services. FIDO specifications will support a full range of technologies, including biometrics such as fingerprint and iris scanners, voice and facial recognition, as well as existing authentication solutions and communications standards such as Trusted Platform Modules (TPM), USB Security Tokens, Smart Cards, Near Field Communication (NFC) and many other existing and future technology options.
TSYS made available its 2013 Consumer Payment Choice Study, which consists of an online survey and in-person focus groups ” both of which were conducted to gauge current and potential future consumer payment preferences. The nationwide primary consumer research study utilizes both quantitative and qualitative data to highlight how consumers are making payments today and how that may change in the future. The results are meant to provide helpful information for use in developing and confirming payment strategies and initiatives. More than 1,000 consumers who have and use both a debit card and a credit card were surveyed on payment choice, indicating payment preferences vary by type of merchant and location, with credit being the preferred payment type for online purchases. meanwhile, rewards and discounts are the most effective way to influence consumers to use a payment type more often, whom actively use their mobile devices for overall financial activity.
Panasonic joins P97 Networks, Microsoft Corp., and CGI, at NACS 2013 to introduce its “PetroZone” mcommerce and behavioral marketing platform for the convenience retail and fuels marketing industry. This new alliance will combine the power of Panasonic’s portfolio of POS devices and deployment services with CGI’s Payment 360 Platform, Microsoft’s Dynamics AX Point of Sale, and P97’s PetroZone cloud based mobile commerce platform to provide the retail convenience and fuel marketing industry a fully integrated mobile payments and settlement platform for the future. The partnership provides major oil companies with a complete cloud based mobile commerce platform, allowing them to offer new mobile payment types, digital offers, integrated customer loyalty programs, and financial settlement solutions for their retail fuel distributors, wholesalers, and marketers.