[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Direct Payment via ACH is the leading method consumers use to pay their bills, offered through 75% of billers which provide electronic payment options. Now 50% of consumer bills are paid through this method while only 42% consumer bills are still paid through the mail and 11% are paid with credit/debit…
GiftCards.com acquired Giftly mobile gifting app to build a digital and mobile commerce platform in the $110 billion gift card industry. GiftCards.com commands strong positions in both the plastic and digital gift card spaces and prints on-demand custom gift-cards in its own facility. It offers personalized, pre-designed, virtual, local, group, and discount gift cards. Meanwhile, Giftly lets consumers buy and deliver digital gifts via its website and free app. Giftly has pioneered a new platform for gift cards which sends gift credits to recipients when they redeem a gift, rather than issuing plastic cards, and requires no point of sale integration.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] When superimposed over one another, unemployment and consumer credit outstanding swells and lulls indicate very positive correlation. With the total outstanding revolving US consumer credit up 7.75%. in February to an adjusted $848B, it slowed in March to $846B. Meanwhile, payroll employment was up 165,000 in April as the unemployment conversely…
NCR Corporation is working with Jamba Juice, in collaboration with PayPal, on a series of customized mobile solutions, including a Jamba Juice branded iOS® and Android™ mobile ordering and payment solution. This ordering functionality is available today in select Jamba Juice locations via the PayPal app to millions of customers and allows consumers to place mobile orders and pay directly from their smartphone. The customized mobile ordering solution will seamlessly integrate with the NCR Aloha point-of-sale (POS) platform. It is expected to improve speed of service and offer a differentiated experience to Jamba Juice customers, enabling them to skip the line to pick-up their order.
Xoom digital money transfer provider, and Vesta Corporation, mobile payments provider, announced a partnership to offer international money transfers using mobile devices. The Vesta PayMobile wallet allows users to top-up their prepaid iPhone and Android devices with some of the largest carriers in the US. Through this partnership, the Vesta wallet will also provide subscribers with access to Xoom’s money transfer services directly from their smartphone. Through the wallet app built by Vesta, users will be able to sign up for the Xoom service, and send money to friends and family in Latin America, the Philippines, India, Europe, Australia and South Africa from their smartphone.
Mako Networks completed its fourth consecutive PCI DSS audit, certified as a Level 1 service provider”the highest level of qualification attainable. Mako was additionally certified for its Wi-Fi networking capabilities, now included as standard in its award-winning Mako 6500 series network appliances. Wi-Fi functionality was added during 2012, and with PCI DSS certification it can now be used to transmit and process credit card data – a key feature in modern retail commerce. Mako’s audit was conducted by Verizon Business of Australia, led by a Qualified Security Assessor (QSA) that reviewed Mako’s product design and software code, business processes, documentation, facilities and more to verify that Mako operated in accordance with the full PCI DSS criteria.
Huntington Bank began streamlining invoice and expense payment workflow processes using the MasterCard-branded Huntington commercial credit card. The card combines online card and data management tools and provides a unique monthly rebate payment. Introduced at a time when total estimated U.S. commercial card spend on indirect and direct purchasing will reach $200 billion in 2013, Huntington is now offering a comprehensive set of products for its award-winning treasury management services. This will improve working capital by paying suppliers but deferring cash outflow for up to 50 days, without a finance charge while rebate payments are available up to 13 months sooner than those provided by typical card issuers with annual or single rate scheduled rebates that usually pay out in February of the following year. Huntington’s monthly tiered rebate measure and payment structure is unique, giving customers the opportunity to more quickly pocket higher returns corresponding with monthly spikes in spend volume during the year.
NCR Corporation (NCR) announced an agreement for LevelUp to integrate their mobile payment and loyalty solution into NCR’s restaurant POS systems, giving restaurants another way to accept mobile payments and market to their customers. The integration will provide restaurants with an easy-to-use digital payment method and offer consumers a seamless experience when paying for their meal with the LevelUp application. LevelUp will initially interface with the industry-leading NCR Aloha POS using a site-based integration, while in parallel developing its solution for deployment via NCR Cloud Connect expected later this year and will be one of the first to integrate into Cloud Connect, a new hosted infrastructure that will allow leading third parties to integrate, maintain and deploy their solution across NCR’s install base of more than 100,000 locations on the Aloha, Radiant POS and Advanced Restaurant System platforms.
Verafin announced a partnership with Fundtech transaction banking solutions to integrate Fundtech’s “PAYplus” payment platforms: PAYplus Connect & PAYplus USA with Verafin’s enterprise FRAML solution. This integration of the leading funds transfer solution in the US and North America’s most advanced behavior-based fraud detection and Anti-Money Laundering (AML) analytics gives financial institutions the power to prevent wire fraud in real time. Wires are analyzed, as they originate, for anomalous customer behavior. High-risk wires generate risk-rated, evidence-supported alerts, which are presented in a clear visual workflow. High-risk wires are held as the fraud investigator reviews the alert. The fraud investigator can use the wealth of customer data within Verafin to review the alert.
As part of a definitive agreement, Accenture will acquire Acquity Group, a leading digital marketing and eCommerce company. Accenture has agreed to pay $13.00 per outstanding American Depositary Share, each of which represents two ordinary shares ($6.50 per ordinary share), or a total of approximately $316 million, in cash for Acquity Group. Acquity Group provides strategy, digital marketing, and technical services to hundreds of companies to enhance their brand experiences and eCommerce performance. The acquisition will broaden Accenture’s own services in these areas, which the company provides through Accenture Interactive, its group that offers chief marketing officers (CMOs) and brand leaders a comprehensive suite of marketing, technology and analytics solutions to help them improve their marketing performance. Acquity Group is the second-largest independent digital marketing company in the United States.
PayAnywhere mobile point of sale solutions provider partnered D&H Distributing consumer electronics distributor. Part of a retail rollout strategy, the partnership takes the PayAnywhere mPOS solution to small and independent retailers through the country’s largest distributors. Retailers working with D&H distributors can now offer their customers the PayAnywhere mPOS solution as a way to conduct on-the-spot credit and debit card transactions using the mobile credit card reader, increasing sales opportunities and creating an improved checkout experience. Designed specifically to meet the mobile point of sale needs of small businesses and retailers, the PayAnywhere solution works with iPad, iPhone, iPod touch, Android and BlackBerry devices.
TransCard prepaid products to financial institutions of all sizes, would like to congratulate FamZoo, the winner of one of five 2013 FinovateSpring Best of Show awards. Developed with TransCard’s prepaid platform, the “family pack” of affordable, widely accepted cards are linked together and accessed online through FamZoo’s award-winning family finance management software tools that help parents teach kids good money habits. This is FamZoo’s second win as Best of Show at Finovate. In 2011, FamZoo was awarded at FinovateFall for the debut of its Partner Edition product, which brings co-branded family finance management solutions to banks and credit unions.