PayAnywhere mPOS Partners US Boy Scouts

PayAnywhere mPOS solutions announced the PayAnywhere app and credit card reader have been selected and deployed as the mobile credit card processing solution of choice to support CAMP MASTERS Popcorn sales across the U.S. Boy Scout Councils and Units selling CAMP MASTERS Popcorn will be able to boost sales and capture transactions from customers who may not have cash readily available. CAMP MASTERS Popcorn has partnered with PayAnywhere to make mobile credit card processing a key component in the sales process, integrating it throughout the entire program for Scouts selling in front of stores as well as Scouts selling door to door in neighborhoods. The PayAnywhere mobile credit card reader is a small accessory that plugs into the audio jack of smartphones and tablets, transforming them into mobile payment terminals that can swipe credit cards to securely process payments. PayAnywhere is used today by merchants ranging from billion dollar enterprises to the weekend neighborhood garage sale.

German American Implements ACI Banking Platform

ACI Worldwide (ACIW) banking and payment systems announced that German American Bancorp will expand its online service offerings to business customers. With the ACI Enterprise Banker solution, German American will offer business customers a single, fully-integrated platform that delivers a seamless front-end experience and enables use by a broad range of users. German American’s solution will be managed by the ACI On Demand team from ACI’s world-class data center, ensuring maximum availability and business continuity for the bank’s growing online business customer base.

Credit Outstanding Hits Highest Point Since January

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit down 2.4% in March to an adjusted $846B, it erased all positive momentum in April, springing to the highest outstanding total to $849.8B. Although rather stagnant against recent months, April revolving credit outstanding is way down from the year ago figure of $862.3B-…

TravelCenters Announces Rewards Program Enhancements

TravelCenters of America operator of the TA and Petro Stopping Centers travel center brands, has added a new rewards level to its UltraONE Driver Rewards Program. The new ‘Ultimate Platinum’ level, the highest rewards level, rewards professional driver members with an UltraONE Ultimate Platinum Leather Jacket when they earn 20,000 UltraONE Points each year for three consecutive years. Professional drivers earn UltraONE Points by swiping their member card at all TA and Petro locations for purchases of diesel fuel, truck repairs and identified promotional items. Points can be redeemed in TA and Petro travel stores, truck service facilities and restaurants. UltraONE members will qualify for the Ultimate Platinum Leather Jacket by earning 20,000 or more UltraONE Points during either 2012, 2013, and 2014, or 2013, 2014, and 2015. Complete program rules are at www.ultraonerewards.com.

Virtual Piggy Appoints VP, Business Development

Virtual Piggy safe youth payments appointed Rika Nakazawa VP, Business Development. Nakazawa brings to the role over 17 years industry experience spanning payments, mobile technology, games and digital media, and retail. Her most recent position was as Vice President of Strategic Partnerships and Business Development at American Express (NASDAQ:AXP). Prior to joining American Express, she served as the Vice President of Business Development and Account Management at Live Gamer, an e-commerce solution provider for gaming and digital entertainment industries. Ms. Nakazawa has also previously held roles at NVIDIA, ACCENTURE and Sony Entertainment.

MasterCard and Kount Partner on Preventing e-Commerce Fraud

MasterCard Worldwide and Kount fraud prevention partnered making MasterCard’s Expert Monitoring Fraud Scoring for Merchants available to Kount merchant customers. MasterCard’s Expert Monitoring Fraud Scoring for Merchants Application Programming Interface (API) improves an online merchant’s ability to detect and prevent fraudulent purchases. With this tool, that leverages the strength of the MasterCard network and data insights, MasterCard provides merchants with a highly accurate predictive fraud score that gives broader insight into card behavior beyond what merchants can see on their own. Kount is the first company to offer the MasterCard Expert Monitoring API to merchants and is integrating the Expert Monitoring fraud score into its advanced merchant fraud prevention platform in order to help e-Commerce merchants minimize the risk of losses resulting from fraudulent online transactions.

FreedomPay Commerce Platform Inks New Partnership

FreedomPay Commerce Platform announced its latest expansion partnership with Taco John’s West-Mex quick service restaurant, across more than 400 locations. The cloud-based FreedomPay Commerce Platform takes Taco John’s already progressive business model and puts them on the forefront of technology innovation. The company can now leverage on-demand access to applications and services anytime, anywhere including; gateway payments, incentives, loyalty and enterprise security solutions. A key component of the FreedomPay Commerce Platform is the industry leading consumer app, VIBE®, which delivers mobile payments and mobile incentives to Taco John’s customers on the go.

USA Technologies Customer Optimizes Cashless Payment

USA Technologies highlighted its customer, City Vending for its effective use of USAT’s ePort® and ePort Connect® service for cashless payment and telemetry to drive improved business results. City Vending has transitioned from zero to over 300 cashless payment terminals in less than a year and has indicated that it has leveraged USAT’s cashless payment and telemetry offerings to drive improved financial performance, customer retention and consumer satisfaction. City Vending is also using VendSys, a certified VMS (vending management system) supplier that participates in USAT’s DEX partner program. USAT’s DEX Partner Program optimizes customers’ use of cashless payment offerings by integrating USAT’s wireless DEX and telemetry available through its ePort Connect® service.

Unemployment Stagnation Persists

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total nonfarm payroll employment was up 175,000 in May as the unemployment situation remained unchanged essentially unchanged at 7.6%. Having declined 0.4 percentage points since January, the unemployment rate is a reflection of the 11.8 million still unemployed, a 610,000 unit drop since January. Of this, the number of long-term unemployed…

Fiserv Partners with Financial Market Data Services

Fiserv partnered Financial Market Data Services (FMDS) to offer broker-dealers, asset managers, turnkey asset management providers and outsourcers a fully-outsourced, end-to-end securities class actions claims processing solution. The solution focuses on managed accounts, a high growth segment, and can easily be extended to support all class actions claims for a firm, bringing efficiencies to what can be an inefficient, fragmented and manual process. Fiserv has more than 4 million accounts on its wealth management platforms and over 1.3 million UMA sleeves. With the acquisitions of AdviceAmerica financial planning technology and CashEdge data aggregation capabilities, Fiserv has extended its leadership position with technology that can support all functions of a wealth management business with a truly integrated, end-to-end solution.

WEX Partners with Alegeus Technologies on Virtual Card Solution

WEX, a leading provider of corporate payment solutions, announced it has partnered with Alegeus Technologies, the market leader in healthcare and benefit payments, to introduce a virtual card solution for the post-adjudication claims market. An alternative to automated clearing house (ACH) payments, the new solution offers an additional electronic settlement method for payers and providers – using WEX Health electronic technology to settle claim payments more efficiently and eliminate costly check payments. Unlike ACH, virtual card payments do not require additional information or consent from providers to implement if they are a MasterCard accepting merchant. A provider can be set up to receive virtual card payments from participating payers automatically, giving payers the option of transitioning a large percentage of provider payments from paper checks to virtual card payments.

Signature Card Services Partners Ingenico on EMV

Signature Card Services, is offering free EMV-enabled terminals to its merchants in the U.S. to make their transition to the EMV standard as economical and effortless as possible. The company has chosen Ingenico’s EMV terminals to be installed for interested merchants starting June 15, 2013. Ingenico is a global leading provider of payment solutions with more than 20 million terminals deployed in 125 countries and deep experience in EMV migration. Signature Card Services has chosen Ingenico’s Telium2 series payment devices for its EMV terminals. The company partners with Ingenico for its high-quality products and services, as well as the knowledge and expertise that Ingenico brings, having supported EMV transactions in Europe and Canada for over two decades.