Acculynk’s Payzur personal commerce (p-commerce) solution for debit cards announced Gesa Credit Union will pilot the P2P solution for its members, for which Crystal Clear Payments will serve as a channel partner. The Acculynk platform allows financial institution customers to send funds simply by authenticating the mobile- or web-initiated transaction with their bank issued PIN via the PaySecure patented online graphical PIN pad. Since Payzur is not ACH based, there is no enrollment or waiting period for consumers to begin using the service. Acculynk contracts with financial institutions directly and through channel partners to offer the Payzur p-commerce solution to their customers. For it, Crystal Clear Payments will provide payment processing solutions to the financial industry including credit signature processing; debit signature processing; PIN-based processing; Intelligent ATM services; cardholder loyalty programs; fraud moxie risk management, detection, and prevention; and card manufacturing programs.
Initiated in 1995, MasterCard and the PGA TOUR extended their marketing relationship through 2016 to focus on further providing MasterCard cardholders unique golf experiences, privileged access to top PGA TOUR tournaments and properties, as well as golf-related savings and offers. With this, MasterCard will expand TOUR-related cardholder benefits at key PGA TOUR tournaments and courses, as well as introduce new programs at select tournaments. MasterCard cardholders will have the opportunity to “text to win” for upgraded hospitality on competition day at the vast majority of PGA TOUR events. A selection of top tournaments will also offer cardholders special grounds ticket purchase opportunities, as well as on-site savings at concession and merchandise venues and provided a unique opportunity to “text to win” a one-time, 20-minute putting lesson with a PGA TOUR player at several different tournaments throughout the season.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Discover reported a net income of $551 million for 4Q/12, up from the year ago period of $513 million. For this, total loans, credit card loans and Discover card sales volume all grew 6% from the prior year. With this, credit card net charge-offs reached historic lows with a net charge-off…
Regal Entertainment Group announced a special offer for making holiday budgets go further and just in the nick of time for last-minute purchases. Shoppers can logon now to REGmovies.com to instantly send eGift Cards to friends and family. For every $50 in eGift Cards purchased through January 6, the sender gets another $5 eGift Card for free. Regal’s eGift Cards arrive in minutes via email or on a specified delivery date. There are no shipping charges, service fees or expiration dates and electronic gift cards come in a variety of themed design options.
Signifyd fraud prevention raised $2 million in financing from Andreessen Horowitz, Data Collective, IA Ventures, QED Investors, Resolute.VC, Tekton Ventures and other angel investors. Signifyd was founded in 2011 by a team of risk experts from PayPal to address the complexity of payment validation. Between chargebacks, mistakenly declined orders, and countermeasure costs, the average e-commerce retailer loses 3.1% to fraud every year. Most large e-commerce merchants have teams of agents that arduously try to bridge the gap between the online identity a user presents and the real-life person he claims to be.
PayPlum Enterprise PCI has achieved validation and listing of the PCI PA-DSS Version 2.0 specification. Implementing PayPlum’s PA-DSS 2.0 compliant software before the October 2013 deadline, allows merchants and software companies to reduce PCI-DSS validation complexity, time and cost for deploying new ‘card-not-present’ payment applications, while ensuring that their software is more secure. The updated PA-DSS 2.0 standard is in effect for new payment applications until October 28th, 2016. PayPlum Enterprise PCI software is available for deployment in two different configurations. Merchants can choose to install PayPlum software in their own, secure data center within a smaller footprint, limited access, and vastly reduce PCI scope install it in a ‘ready-to-deploy’ private PCI compliant managed cloud environment.
Western Union announced their prepaid card just for travelers and an option for travelers to send a Western Union Money Transfer® transaction to themselves. This development will address the market segment relying on cash while traveling, and those who prefer to use a payment card. Western Union now gives travelers the option to send a money transfer to themselves prior to leaving for a trip. For transfers to most countries, the foreign-exchange rate is determined when the funds are sent, so travelers know exactly how much will be waiting for them in cash when they arrive at their destination. For travelers who prefer the convenience of card payments, the general-purpose reloadable (GPR) Western Union TravelWiseTM Prepaid MasterCard is a convenient and fee-friendly alternative to carrying large amounts of cash.
First Data electronic commerce and payment processing and Webster Bank, N.A., a wholly-owned subsidiary of Webster Financial announced a new long-term deal extending their merchant services partnership. First Data will continue to provide merchant processing services to Webster’s customers at its 167 banking offices throughout the northeastern United States, allowing Webster clients to gain access to First Data’s full range of point-of-sale payment solutions.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The EMV Migration Forum has already hit a milestone since its inception 4 months ago, growing to 100 members from the payments industry. Membership now includes global payment brands, financial institutions, merchants, processors, acquirers, regional debit networks, device manufacturers and industry associations. The Forum, an independent organization created by the Smart…
TSYS signed a long-term agreement with Merrick Bank, a subsidiary of CardWorks, for undisclosed financial terms. This will provide flexible solutions for Merrick’s independent sales organization (ISO) partners, including point-of-sale (POS) solutions, authorization, settlement, reporting, managed services and risk mitigation solutions. TSYS supports financial institutions, businesses and governments in more than 80 countries, offering merchant payment-acceptance solutions as well as services in credit, debit, prepaid, mobile, chip and healthcare.
Fuze Network now lets consumers make cash payments on virtually any card and processed more than 3.5 million transactions in 2012. The Fuze “reCHARGE” Network has provided consumers with a simple way to send funds to credit cards as payments, to debit cards as deposits and to prepaid cards as loads. This Network routes transactions to more than 14,000 financial institution card issuers and is directly promoted to cardholders by many of those, including Citi Bank, First Premier Bank and Merrick Bank. The reCHARGE Network expands the number of retail locations in which a consumer can make a payment or load a card; increasing card usage. There are currently 150,000 integrated retail endpoints with access to the Fuze reCHARGE Network, including Pay-O-Matic, ACE Cash Express, Fidelity Express and additional partners planned to launch in 2013.
Virtual Piggy has announced its partnership with CardinalCommerce to integrate its youth payment technology into their Centinel Universal Merchant Platform. Virtual Piggy allows parents to set up a monthly allowance for their children and promotes financial management while empowering U21s to make purchasing, saving and other money management decisions for themselves, within the boundaries setup by their parents. Cardinal facilitates authenticated payments, secure transactions and alternative payment brands both for eCommerce and mCommerce.