MoneyGram signed an agreement with Univision Enterprises, a division of Univision Communications media company for a MoneyGram link on Univision’s MasterCard Prepaid Card “Tarjeta Prepagada” page. With this, Univision’s Prepaid MasterCard account holders can easily and directly connect to MoneyGram to complete money transfers and expedite bill payments using their Univision Prepaid MasterCard. This agreement leverages the resources of Univision with the world’s second-largest global money transfer company. The MoneyGram network currently has more than 310,000 locations in 197 countries.
Western Union Business Solutions global payment services launched Currency Options and a new cash management tool designed to assist small and medium-sized enterprises (SMEs) engaged in international trade. Its “GlobalPay Cash Management” dashboard will give SME clients an immediate overview of their total payments exposure. Users will be able to calculate their FX risk based on the amount of money and currencies they are trading in at current market price, allowing them better to manage their international risk and cash flow. Business owners and corporate treasurers will now be able to set a forward exchange rate at a specified date and then choose whether to use the pre-agreed amount or to reconsider given current market conditions. This gives SME owners the security of knowing the absolute most that they will be required to pay for a transaction, regardless of currency volatility. Western Union Business Solutions enables companies of all sizes to send and receive international payments and manage foreign exchange, creating unique solutions tailored to suit their individual needs.
American Express and Walmart announced expanded security and funding capabilities to Bluebird, a debit and checking alternative that provides Americans with a better way to manage and control their everyday spending. Bluebird “Accountsi” will now be eligible for FDIC insurance, providing an extra layer of security. As a result, permanent Bluebird Accounts will now have the ability to receive direct deposit of government payments, such as social security payments, military pay, and tax refunds. Customers can also balance their Bluebird checkbook in real-time with pre-authorized check writing, add checks to their Bluebird Account by mail and add funds up to $100,000 annually. Bluebird is built on American Express’ “Serve” platform and is in addition to existing premium features such as the ability to add checks via smartphones, family sub-accounts and no fee access to cash at 22,000 ATMs for Bluebird members who have enrolled in direct deposit. To preauthorize a Bluebird check, users simply obtain a unique authorization code online or through the Bluebird mobile app. The payee can confirm that sufficient funds are available by calling American Express.
Acculynk “PaySecure” user-authentication for e-commerce partnered UnionPay International to provide e-commerce authentication (UPOP) service to US based merchants. UnionPay International is a subsidiary focusing on international business of UnionPay, a global bankcard network with over 3.5 billion UnionPay cards issued worldwide. A single PaySecure implementation on the merchant’s e-commerce site also provides the capability to generate sales lift from new PIN-debit customers in North America, Asia-Pacific, Latin America and the Caribbean. Acculynk provides a flexible, customizable online- and mobile- authentication technology that meets local needs and regulatory requirements in international markets. Country-specific authentication changes can be incorporated without disrupting the merchant or acquirer. The “PaySecure” solution two-factor authentication provides online merchants with a secure, low-cost, guaranteed funds payment in which the merchant also benefits from a 100% shift of fraud chargeback liability.
payworks white label mobile payment processing platform for payment providers implemented Credorax as an acquirer for its Chip & PIN mobile payment processing platform. Subsequently, payment providers can implement mobile POS market quickly without having to make major investments in a processing gateway, system integrations as well as meeting certification requirements. Credorax, a Principal member of Visa and MasterCard Europe and a PSD-licensed financial institution, will serve as a digital acquirer for merchants that process EMV transactions through the payworks compliant white label mobile payment processing platform.
Bluefin Payment Systems secure payment gateway technology to integrated software vendors partnered Commerce Science Corporation (CSC) to integrate their “PayConex” payment gateway with its “eStoreXpress” software platform. The “eStoreXpress” platform allows CSC customers to provide their members, franchisees, customers or dealers with a personalized online eStore where they can sell products and services to their clients, without purchasing or managing inventory, processing orders or having any IT support to operate the eStore. Bluefin Payment Systems focuses on enabling full-service payment solutions to software platforms offered by companies in a diverse range of verticals, including business management, health/fitness, medical, legal, transportation and more. Commerce Science will integrate Bluefin’s payment gateway into “eStoreXpress,” allowing any customer to quickly and easily process electronic payments directly within the eStoreXpress interface.
hyperWALLET global payment solutions made available new payment services and increased global payment network reach. hyperWALLET has added faster payment services, or same day clearing, in the United Kingdom, Europe and Mexico through financial partners in the UK, Germany and Mexico using the SPEI network. This is part of the hyperWALLET international expansion it is experiencing worldwide.
Barclaycard US implemented MetricStream to provide Governance, Risk, and Compliance software solutions. Barclaycard creates customized co-branded credit card programs for some of the nation’s most successful travel, entertainment, retail and financial institutions. MetricStream provides Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions for global corporations. MetricStream solutions are used by leading corporations such as UBS, P&G, Constellation Energy, Pfizer, Philips, BAE Systems, Twitter, SanDisk, Cummins and Sonic Automotive in diverse industries such as Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-tech and Manufacturing to manage their risk management programs, quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as several million compliance professionals worldwide via the www.ComplianceOnline.com portal.
Mirantis OpenStack systems integrator opened its “FUEL” private library of configuration and deployment tools for OpenStack to the public. The “FUEL” library consists of verified deployment scripts for implementing a variety of OpenStack deployment configurations; these range from simple configurations for PoC and dev/test scenarios to highly available configurations for production use cases. And can it be used to deploy third-party OpenStack distributions, such as those provided by RedHat and Canonical, and can plug into customer’s existing operations infrastructure.
SecureKey Technologies announced the commercial availability of its cloud-based briidge.net identity and authentication platform allowing people to use devices and credentials they already have to perform strong two-factor authentication, bringing trust to mobile and online transactions. The briidge.net suite of extended enterprise federated authentication services is easy for people to use and reduces the number of user IDs and passwords they manage, without sacrificing security and privacy. The “Enterprise Service” is designed for financial institutions, government, healthcare providers, mobile network operators and other extended enterprises seeking to improve the security of their existing credentials with multi-factor authentication for accessing their online and mobile applications. Meanwhile, the “Exchange Service” is based on a three-party model of users, credential providers, and credential subscribers and allows authentication and identity information to be exchanged between credential providers and subscribers, while maintaining user privacy and control.
Sightline Interactive of Sightline Payments won Casino Journal’s 16th Annual Platinum Award for the Most Innovative Gaming Technology Product of the Year. Determined by three independent veterans of the gaming industry, this recognizes the most innovative technology offerings in the gaming industry and is considered the most prestigious honor bestowed on gaming products and services. The SIghtline “Loyalty Card Plus” general purpose reloadable prepaid card program specifically designed for the gaming industry allows operators to customize their prepaid program to work in conjunction with their existing loyalty card program, creating a safe, secure and responsible way to enhance their patrons’ gaming entertainment experience while at the same time dramatically reducing their dependence on cash.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average credit card APRs are holding steady, showing no signs of a drop off, which historically trends from January to February. Holding at a steady 14.96% March average, notably higher than the year ago figure of 14.87%, after a nearly 0.50% jump in October and hardly any fluctuation-either way- since. Meanwhile,…