Virtual Piggy will provide its youth-friendly payment system to Claire’s Stores, Inc. Virtual Piggy allows parents to set up a monthly allowance for their children and promotes financial management while empowering youth under 21 to make purchasing, saving and other money management decisions for themselves, within the boundaries setup by parents. Claire’s is a world-leading retailer of jewelry and accessories for young women, teens, tweens and girls.
mobeam has hired John Hennessy Senior VP, business development, most recently former Senior VP, Sales and Marketing for Locus Traxx. Here he managed sales and marketing teams for produce, perishable foods and shipping industries. Hennessy was also VP, Sales and Marketing for Concept Shopping, where he helped companies sell their items more efficiently by selecting offers for shoppers based on their prior purchases and Senior VP, Sales at Information Resources for eight years.
Yodlee Interactive announced the second group of companies selected for the Yodlee Interactive Incubator Program: Matchfund and Sociogramics. Matchfund and Sociogramics were chosen in this round because they represent such high innovation potential and fill significant needs in the financial solutions market. The Yodlee Interactive Incubator Program represents a unique approach to helping young start-up companies, based on the idea that every business, every idea, and every entrepreneur is different and no one-size-fits-all program is sufficient. Selected winners Sociogramics & Matchfund are bringing powerful new ideas to the unbanked/under-banked, and the growing Gen Y/teenage population.
GlobalPlatform announced its Board of Directors for fiscal year 2013, following annual elections for six of the eleven Board seats. Marc Kekicheff – Senior Business Leader of Chip Innovation at Visa Inc. retains his position as Chairman for the third consecutive year. GlobalPlatform Vice-Chairman, Uwe Wittig – Group Vice President, Head of Business Line Payment, Transit and Authentication at Giesecke & Devrient, and GlobalPlatform’s Secretary / Treasurer, Yves Moulart – Director of Development and Innovation within STMicroelectronics’ Secure MCUs Division, Secure Software Solutions have also been re-appointed to their respective roles at GlobalPlatform. Elected to serve a two year term were Janne Uusilehto – Director / Head of Product Security – Nokia; Eikazu Niwano – Producer in the R&D Planning Department – NTT Corporation; Andreas Muehlberger – Senior Director Engineering – NXP Semiconductors Business Unit Identification; and Jeppe Dorff – Head of Transaction Services – Rogers Communication.
PointsPay mwallet/mpayment solution was launched in October in conjunction with Etihad Airways, converting virtual currency such as miles and points into over 150 global currencies for use as payment at over 30 million merchants worldwide. PointsPay shows a rapid upswing of user adoption with 2.6% of the active program members registered; 148,000,000 points loaded (growing at 47% monthly); 3,400 prepaid cards issued; 24% of transactions carried out at merchants in store; and 83% of members remain with a positive points account balance after a transaction PointsPay was used at over 1,200 different merchants worldwide in 62 countries.
Bank of America will now offer Visa’s digital wallet service, “V.me,” which it has started piloting to its online banking customers, letting them make secure online payments without having to constantly enter card account numbers, bill-to or ship-to information. Bank of America customers can enroll in Visa’s “V.me” service through online banking. Once enrolled, customers shop knowing they are protected by layers of security within Visa’s industry leading network. Customers will also be able to check out with a few clicks, eliminating the need to enter card, billing and shipping information for each purchase.
PayAnywhere mobile POS solutions partnered Sam’s Club and will subsequently implement its credit card reader for mobile devices to showcase in select locations nationwide and online at SamsClub.com. The retailer’s decision to make the PayAnywhere mobile credit card reader available to the more than 47 million Sam’s Club members, 600,000 of which are business members, gives small business owners an important and powerful tool that has been shown to boost revenue through credit and debit card sales. The PayAnywhere mPOS is designed specifically to meet the mobile point of sale needs of real businesses, available for iPad, iPhone, iPod touch, Android and BlackBerry devices. Individuals and business owners using PayAnywhere enjoy a low 2.69 percent fee for swiped transactions and some of the fastest payouts in the industry, with transaction funds typically deposited in merchant accounts within two business days.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With consumer confidence at a fever pitch, and card rates showing small signs of relief, conditions are ideal for holiday shoppers this season. This is apparent with U.S. credit card delinquencies for the first time in a year having increased, although late payments have remained well below the 3% average on…
mobeam announced its addition of John Hennessy Senior VP to oversee business development. Mobeam’s technology makes digital coupons and other content presented on a mobile device universally scannable by every POS system. Hennessy was formerly Senior Vice President of Sales and Marketing for Locus Traxx, where he managed sales and marketing teams for produce, perishable foods and shipping industries. He also directed projects with growers/shippers, transportation providers, wholesalers and retailers. He holds a BA in Communications from the Loyola University of Chicago.
Fiserv financial services technology solutions appointed Chris Flink to its Board of Directors. Flink, a partner at the innovation and design firm IDEO, where he has been for 15 years, and a consulting associate professor at Stanford University, has also held a variety of roles. This includes overseeing the firm’s Consumer Experience Design practice to co-founding its New York office. He has led diverse programs in collaboration with clients that include some of the world’s most recognizable brands. He currently leads key client relationships, guiding portfolios of innovation projects in retail, education and consumer products.
Online Resources Corporation financial technology services announced that Wings Financial Credit Union will implement its Architect Banking solution and bill payment services. Wings Financial was founded in 1938 to serve employees of Northwest Airlines. It now serves air transportation employees nationwide as well as residents of the Minneapolis/St. Paul and Seattle/Tacoma metropolitan areas. This allows Wings Financial to seamlessly integrate other best-of-breed technologies into their banking solution to expand their service offering. Moreover, the advanced functionality for services such as online account opening, personal financial management, one-to-one marketing and social media integration, Wings Financial’s members will have access to a superior digital banking experience within a single, extensible platform.
Pay.On AG is expanding its technical infrastructure to include the ability to now process point-of-sale transactions in addition to e-commerce in an environment that is PCI-DSS-certified, and as such, is compliant with all applicable regulations. Payment service providers worldwide gain easy access to fully-functional, market-tested mobile point-of-sale solutions, and as such, the opportunity to professionally position themselves for the market’s current transition to paying via tablets and smartphones in the POS segment. PAY.ON is providing both the smooth operations that meet all regulatory requirements as well as worldwide transaction processing within the international payment network. In this context, white label solutions are used to guarantee the client’s independence in its communication with the retailers it serves. PAY.ON is already cooperating with countless acquirers and hardware manufacturers for the roll-out.