Chase has customized the popular Chase “My New Home” app for the Apple tablet – and added features to make it even better. This offers the only app on the market that guides users through the home-buying process from start to finish. It allows searching home listings by ZIP code to calculating monthly payments- provide real-time help at each step of the home-buying process. Househunters can record notes, take photos and videos of the houses, calculate payments and access more than 4,000 local Chase mortgage bankers. The videos offer practical advice from both homebuyers and the experts they will meet throughout the home buying-process. Viewers can learn about a wide variety of subjects from key mortgage terms and how to select the right real estate agent to what to expect at closing.
The Electronic Funds Transfer Association has launched “EMV Update,” a source of timely, objective information on the migration of EMV technology to the American electronic payments industry, the group announced. EMV is a security standard designed to increase protection against the theft of payment card identification data. Theft of this data could permit unauthorized access to a cardholder’s funds. Currently the U.S. is the only member of the G20 nations where banks that issue credit or debit cards do not use the EMV standard. Large card brands like Visa, American Express and MasterCard have set target dates, some of which have already passed, for the adoption of the standard by different industry segments.
The Electronic Funds Transfer Association has launched “EMV Update,” a source of timely, objective information on the migration of EMV technology to the American electronic payments industry. Currently the U.S. is the only member of the G20 nations where banks that issue credit or debit cards do not use the EMV standard. Large card brands like Visa, American Express and MasterCard have set target dates, some of which have already passed, for the adoption of the standard by different industry segments.
Capital Services is announcing a new approach to the payment products portfolio management market, with an innovative set of solutions for financial institutions. Capital Services, which has been providing management services for more than 14 years, primarily to banks owned by its parent company, formally announced that it is now taking its unique offerings to a broader market. Capital Services is leveraging the success it has brought to its parent company’s banks to make its move into the financial institution marketplace. It focuses on asset origination – creating successful payment programs – and then using sophisticated tools to analyze those programs, managing them to maximize a financial institution’s return on assets.
Experts across the retail, restaurant, payments and digital marketing industries will come together at CashStar’s 2013 Retailer Roundtable to discuss the near- and long-term impact mobile technology and the convergence of offers, payments, and loyalty will have on their businesses. More than 20 major brands will attend, along with CashStar partners, including Bridge2 Solutions, First Data Corporation, and RewardsNOW. Discussion will include the transformation of gift cards into mobile, reloadable payment cards that foster increased engagement and spending; the transformation of retailer apps into mobile wallets, driven by consumers’ desire for convenience and smartphone adoption; and the transformation of gift cards – as well as coupons, offers, and loyalty points – into different forms of Branded Currency, and the implications of their convergence on consumer purchase behavior.
I2C cloud-based payment processing is providing Heartland Payment Systems prepaid card processing services. The companies’ first collaboration is the National Restaurant Association’s (NRA) Edge prepaid card program, which runs on the Discover® network. The Edge card allows restaurant employees to deposit their paychecks, load funds, receive employer-sponsored incentives and earn cash rewards on a general purpose prepaid card. i2c’s prepaid card payment processing platform will serve as the system of record for Edge accounts and enable the introduction of new card features such as card-linked offers and real-time mobile alerts.
MoneyGram International announced W. Alexander Hoffmann has been appointed to the company’s executive leadership team as senior vice president, global product management and emerging channels. Hoffmann will lead MoneyGram’s global product portfolio, emerging channels and MoneyGram Online. Hoffmann was previously head of consumer growth for Europe, Middle East and Africa at PayPal. He has 20 years of experience in payments and cards, online services and technology, and a strong track record of building new products from concept to launch. Prior to his position at PayPal, Hoffmann spent 12 years at McKinsey & Company in Brussels, Belgium, and Palo Alto, California, working with clients in the payments and telecommunications industries.
TIO Networks bill payment company entered into an agreement to acquire Globex Financial Services, Inc., and its operating business Global Express Money Orders, Inc. (“Global Express”). The acquisition of Globex Financial Services will strengthen TIO’s position in the bill payment industry and provide TIO with a national footprint. It is anticipated that revenue synergies will include the cross selling of TIO’s innovative mobile payment, self-service kiosk and financial wallet technologies to an expanded customer base. The combined companies will offer bill payment services to millions of consumers across the US and Canada. In 2012, Globex generated over US$10M in revenues at gross margins that are significantly higher than TIO’s historical gross margins. With this acquisition, TIO will enjoy significantly higher consolidated revenues and gross margins as well as a more diversified revenue base across customers, geographies and industries.
CashStar digital gifting company added more than a dozen global retailers and restaurants to its B2C and B2B digital gifting platform, and has expanded into new international markets, becoming the largest operator of consumer eGifting programs for retailers outside of North America. Already the largest provider within North America, CashStar is experiencing a record-breaking year across the business. A number of brands are now using the CashStar platform for their plastic gift card programs online. These brands now have a full-service one-stop shop for all their online gift card needs, and benefit from a unified and integrated ordering and delivery experience, as well as the same best-in-class fraud monitoring and risk mitigation. CashStar is the only company in the industry that guarantees zero fraud and maximum revenue from valid orders. CashStar also expanded its international presence with several new client wins in the UK, Australia, New Zealand, Hong Kong, and the entire European Union.
USA Technologies highlighted the launch of a new self-service kiosk for ladies’ flats by its customer, Flat Out of Heels. The customized kiosk was created for Flat Out of Heels owner by ESON Design Partnership and incorporates USAT’s ePort cashless payment technology. USAT provides developers and OEMs of unattended, automated technology with simple and secure integration to USAT’s ePort Connect® suite of cashless payment services. The ePort EDGE® and G-series are available with hardwired payment interfaces such as serial and pulse and include cellular wireless connectivity to USAT’s network. For computer-based applications (Windows or Linux), USAT offers a Web service, QuickConnect™.
Merchant Customer Exchange (MCX) selected FIS to power its new mobile commerce payments network. The relationship with MCX strengthens FIS’ cross-industry leadership position in delivering innovative payments network and mobile-driven financial services solutions to banks and retailers of all sizes. MCX members include leading merchants that account for an estimated $1 trillion in annual sales. FIS will provide MCX with a suite of services that will help bring its mobile commerce solution to the marketplace, including world-class payment processing, payments network infrastructure, routing and settlement, allowing MCX to authorize and execute transactions in real-time. FIS’ premier transaction processing solution is used by all sizes of financial institutions, networks, retailers and third-party processors worldwide.
Global Payments payment processing partnered ShopKeep POS iPad point-of-sale solutions for brick and mortar businesses, to offer an iPad POS solution to Global Payments’ merchants throughout the United States. This agreement combines Global Payments’ services and distribution network with the ShopKeep POS system and award-winning customer care to provide merchants with a complete store management system and business data at their fingertips to help them grow. The easy-to-use and flexible solution offers small and medium-sized merchants a highly-functional, cost-effective cloud-based POS system to facilitate transactions as well as manage sales, inventory, staff and customers, all from an iPad.