Highlighted during the Samsung Unpacked event in New York City this evening, mobeam proudly announces that the new Samsung Galaxy S4 smartphone will be the world’s first mobile device to integrate its light based communications (LBC) technology so it can beam traditional 1-D barcodes. With embedded mobeam technology, the Galaxy S4 will be able to engage in mobile commerce at millions of locations worldwide without requiring retailers to make changes to their existing POS systems or technologies. Mobeam’s patented technology solves the key problem that has limited the progress of mobile commerce: the vast majority of existing POS systems are unable to communicate with smartphones. Mobeam converts barcodes, coupons, loyalty cards and gift cards into a beam of light that can be read by every one of the estimated 165 million laser scanners in use today by retailers worldwide. With mobeam’s technology, the Galaxy S4 can beam traditional 1-D barcode data to any laser scanner with no new equipment, such as optical scanners or backend systems, required by the retailer.
SelectCore prepaid payment solutions announced it will issue prepaid MasterCard cards for the World MasterCard Fashion Week to be held in Toronto March 18th thru 22nd. SelectCore will be issuing personalized prepaid MasterCard Cards onsite to VIPs and visitors at this year”s event. Using Datacard Group”s instant issuance printers and SelectCore”s proprietary, real-time card load and activation platform, original cards designs featuring event-related photography will be personalized onsite and provided to attendees seeking to capture the Fasion Week experience in a unique way. World MasterCard Fashion Week is an ever evolving platform that seamlessly connects designers with buyers, press and consumers.
VeriFone Systems appointed Jennifer Miles president, VeriFone Americas; Bulent Ozayaz to president, VeriFone Southern Europe, Russia, Middle East and Northern Africa; Johan Tjärnberg to president, VeriFone Europe and Southern Africa; and Eliezer Yanay to chief operations officer. Miles joined VeriFone in 2001 and led the significant growth of the company’s North American business, including Retail, Global Security and Vertical Solutions, over the past 10 years. Ozayaz joined VeriFone in 2006 and has served as general manager of the company’s North American Wireless Solutions and VeriFone Media businesses. Tjärnberg joined VeriFone in 2012 through the acquisition of Point International and has served as Point’s CEO since 2010. In his seven years with Point, its payments-as-a-service offering saw significant growth and expansion into multiple European jurisdictions. Yanay joined VeriFone in 2006 and has led the company’s global R&D, supply chain and product management initiatives since 2011. In his previous role at VeriFone, Yanay was responsible for all operations and manufacturing in Israel, as well as business development, sales and marketing in Continental Europe, Southeastern Europe and Asia.
Western Union global payment services announced a multi-year renewal agreement with Woodforest National Bank, which will continue to offer the global Western Union Money Transfer service. Woodforest will also introduce online account-based Western Union Money Transfer transactions to account holders in 2013. Western Union moves money in minutes to consumers in more than 200 countries and territories worldwide through multiple channels, including banks, local retail stores, www.westernunion.com, and their mobile phones.
AJB Software Design integrated payment solutions launched its “FIPay Mobile” mobile payment application that allows Android and iPhone users to pay for gas purchases using their mobile phones while remaining in their car. It provides petroleum retailers the opportunity to attract new mobile-savvy consumers by deploying customized mobile applications without the need to make new investments or changes to their POS infrastructure. AJB unveiled the first mobile payment application in the Canadian Petroleum industry, through a successful pilot deployment at Hughes Car Wash, a Petroleum & C-Store retailer, based in Edmonton, Alberta. Consumers can now pay for gasoline and car washes with their mobile devices at the Hughes Car Wash flagship location in Edmonton, with plans to roll out the solution to additional locations over the next year. AJB’s “FIPay Mobile” is responsible for integrating with the PIN pad device and fuel pumps in the petroleum sector and is PCI-compliant through Cogeco, a PCI-DSS validated service provider.
Visa opened the Myanmar market to ATM and POS acceptance through their licensing agreements with Co-operative Bank, Kanbawza Bank, and Myanmar Overseas Bank. Now Visa and Planet Payment are working on opportunities to target the deployment of the managed service to additional developing markets in support of traditional ATM and POS acceptance as well as developing support for mobile point of sale (mPOS). As more and more merchants look to capitalize on the value of accepting electronic payments, Visa stands ready to help its client banks support growing the financial network, expand on its financial inclusion goals, and partner to develop their payments systems.
CSI Enterprises a leader in innovative financial solutions for enterprises and businesses, is set to release some important updates to its globalVCard paysystems accounts payable solution. The globaVCard paysystems will look to further cement their position on the top, with vast improvements to their web-based application. Featured prominently will be impressive changes to card and payment management. Clients will now be able to view and manage all the details of their payments from one screen. Payments will be managed in real-time, with the ability to change all attributes quickly and easily. The updated version will also include robust changes to the dashboard and communication capabilities.
FIS banking and payments completed the acquisition of mFoundry mobile banking and payment solutions for financial institutions and retailers. The resulting combination creates one of the leading mobile entities in the financial services space and enables FIS to leverage its technology assets across a broader client base.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Americans spent at the fastest pace in five months in February, with retail spending up 1.1% from January. Excluding higher gas prices, this figure is closer to 0.6%, despite the higher Social Security taxes, taking effect this year. With consumer spending driving about 70% of economic activity, with core retail sales…
Communication Federal Credit Union (CFCU) made available the Tyfone mobile financial services to its members. This offering includes the “Fiserv XP2” core integrated mobile banking with a path to enhanced strong ID authentication mobile security and NFC contactless payment technology to its members.Tyfone’s multimode mobile banking solution offers a complete range of features delivered to banking customers via App, mobile Web or SMS. Mobile banking features include checking balance, account history review, fund transfers, branch and ATM location lookup and customizable alerts. The next gen mobile banking offers additional convenient features such as “Rate Watch,” “Reg D Counter” and alerts for debit and deposit activity.
Discover Financial Services announced that its board of directors has approved a new share repurchase program authorizing the company to repurchase up to $2.4 billion of its common stock, and that it plans to increase its quarterly common stock dividend. These actions were part of the company’s capital plan, which was submitted to the Federal Reserve as part of the 2013 Capital Plan Review. The Federal Reserve notified Discover that it has no objections to the capital actions through March 31, 2014, set forth in the company’s capital plan. This replaces the prior $2 billion share repurchase program, which had approximately $600 million of remaining authorization as of March 14, 2013.
Target sold its entire consumer credit card portfolio to TD Bank Group for $5.7 billion, part of a seven-year program agreement under which TD will also underwrite, fund and own future Target Credit Card and Target Visa receivables. With the agreement, TD will control risk management policies and oversee regulatory compliance and Target will continue to perform account servicing functions. Target will maintain the current deep integration between its financial services operations and its retail operations. The agreement does not have any impact on Target’s 5% REDcard Rewards program and will have minimal impact on Target’s current cardholders.