Five Small Businesses Win AmEx Marketing Makeover

Five small businesses will be trained by American Express OPEN and Facebook on how to build their brands, better market products and services, and target new customers. With a growing need for training on social media marketing, evident with more than 12,000 small businesses having entered the 2012 American Express “Big Break”- up from 11,000 in 2011- marketing experts from American Express OPEN and Facebook will travel to each of the five winner’s small businesses to provide in-depth marketing and strategy sessions as well as $25,000 in cash to put the strategies into action.

Each winner will also receive practical and personal training on best practices using Facebook Pages, Ads and Social Plugins, and will receive consultation on how to maximize their current usage of Facebook. The winning small businesses will have the opportunity to share their winnings and pay it forward by inviting other small business owners within their communities to meet a panel of social media and marketing experts from Facebook and American Express OPEN to teach them how to best utilize social channels for their businesses.

VeriFone Posts 3Q/12 Net Income Up 53% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] VeriFone Systems secure electronic payment solutions announced 3Q/12 net income per diluted share of $0.75 for a 53% year-over-year increase from the year ago figure of $0.49. Non-GAAP net revenues for Q3 FY12 were $493 million, compared to $479 million in the previous quarter and $317 million for Q3 FY11, a…

Neiman Marcus and Visa Launch Mobile Messaging Platform

Neiman Marcus partnered Visa to test a new Neiman Marcus mobile offers “nmbuzz” program to connect fashion-minded shoppers to real-time offers. To deliver offers, up-to-the-minute fashion news from Neiman Marcus experts, and insider updates on sneak previews and designer appearances directly to the mobile phones of Neiman Marcus customers who enroll their eligible Visa account in nmbuzz, the “nmbuzz” solution lets customers enroll with their eligible Visa account and mobile phone number. Then shoppers simply use that Visa account as they normally would.

CSR To Demonstrate Compliance Programs at PCI SSC Meeting

CSR data compliance solutions is set to share the “PCI ToolKit” Mobile Merchant Module and the addition of the P2PE-HW Self-Assessment Questionnaire (SAQ) at the 6th annual PCI SSC North American Community Meeting at the Walt Disney World Swan and Dolphin Resort. CSR invites attendees to meet at Booth #212 in the Vendor Showcase where CIPP privacy professionals, certified by the International Association of Privacy Professionals, will address the needs of acquirers and merchant service providers to find new ways to increase revenues while preserving the integrity of their portfolios.

FIS Sees 150% Growth in mClients

FIS banking and payments technology announced its client base for mobile has increased more than 150% since the year ago period thanks to recent launches of solutions for tablets, mobile wallet and business mobile. FIS also said that adoption by bank users or consumers of its mobile offerings has climbed more than 200% year-over-year. Bank customers have enjoyed the convenience of using their smartphone cameras for check deposits, reflected in the more than $1 billion in deposits made with FIS’ client institutions since those clients made mobile banking services available to their customers.

Acculynk Acquires PayLeap, Forges New Division

Acculynk has acquired PayLeap e-commerce payment gateway platform and merchant services ISO to form Acculynk “Direct.” Providing an acquirer with the ability to offer Internet PIN debit to small and mid-market merchants, Acculynk Direct will provide full service payment processing and payment gateway solutions to small and mid-size merchants, and a full affiliate program to partners and resellers. Additionally, Acculynk Direct plans to provide a full suite of developer-oriented tools to provide simple integration of the service into mobile merchant applications and e-commerce sites. PayLeap brings to the table fraud management tools, tokenized cardholder data vault, hosted payments page, online secure checkout, recurring payments, and a co-branded virtual terminal.

EMVCo and NFC Forum Synchronise Contactless Standards

EMVCo and the NFC Forum will optimise the development and testing process of NFC mobile devices for vendors, aligning specifications and cross-recognition. This will offer benefits to stakeholders involved in EMV-related NFC use cases and products in the contactless payments industry by reducing product time-to-market and decreasing certification costs. Activity will focus on Level 1 functionality, which covers contactless communication protocol. Initial efforts will centre on outlining the scope of work and the specifications to be covered. These efforts will be followed by a gap analysis to identify and examine specification differences, agree on specification updates where necessary and how agreed amendments will be collectively managed.

Invapay Implements Earthport Remittance

Invapay payment aggregator selected Earthport cross-border payments service provider to deliver a fully automated cross-border international payments service. With this, Invapay will leverage Earthport’s payment platform to provide an end-to-end solution that enables a ‘one-stop shop’ for international supplier payments offering greater efficiencies and cost savings. Invapay is a regulated provider of procurement and electronic payment services connecting corporate buyers and vendors worldwide to settle cross-border payments without having to develop individual relationships with overseas banks. With Earthport’s international reach and payment automation capabilities Invapay can now provide an end-to-end automated procure-and-pay solution.

Virtual Piggy Sees Growth in-Step With Payments Industry

Virtual Piggy’s safe e-commerce solution for youth under 18 is attractively positioned to benefit from increasing interest in payment platforms. This is as E-commerce continues to see a healthy level of growth, particularly with increasing innovations in mobile payments and growth in mobile-commerce projected to be $10 billion (Internet Retailer). It also due in part to parents having initiated lawsuits against industry leaders, such as Apple and Facebook, contesting payment transactions entered into by children, exposing potential liabilities in delivering products and services to children. Virtual Piggy- rather than displace existing payment systems- enhances many current commerce platforms to leverage an attractive Under 18 segment and should therefore see quick adoption.

Fiserv Upgrades Processing Platform

Fiserv made enhancements to its “Signature” bank platform for large to mid-tier U.S. financial institutions for extensive market and client input. Renamed “Signature 12.1,” the enhanced platform delivers solutions that enable banks to generate growth and improve efficiency. Advanced capabilities include the opportunity for financial institutions using Signature to: employ an enterprise level pricing strategy for all account types across retail, commercial and wealth management customer bases; expand and enhance commercial lending capabilities; and fight fraud and manage risk on the front line of their organizations. Upgrades involve Relationship Pricing and Analysis; an Onboard Advisor; and Commercial Lending for Signature 12.1. Other enhancements in Signature 12.1 include heightened efficiency in retirement processing.

Boy Scouts Deploy VeriFone POS for Fundraising

The Dan Beard Council of the Boy Scouts of America is the latest to implement “SAIL” by VeriFone to improve troop fundraising efforts for its annual Popcorn Sale. The Dan Beard Council is distributing SAIL card readers to individual troop leaders who sign up for the program. Those troop leaders are able to instantly sign up for merchant accounts and to assign multiple users to the account so that parents of individual scouts can run card transactions on iOS and Android devices, as well as handle voided sales and refunds, without access to account administrator functions. Each troop leader will receive a free SAIL card reader that can be used across multiple devices that utilize the SAIL mobile app; troop leaders can also request up to 10 additional readers to distribute to parents.

MCR Integrates GETI Gift and Loyalty Programs

My Clear Reports payments technology provider announced its MCR virtual business center has integrated gift and loyalty programs from Global eTelecom (GETI). MCR gives merchants anytime, anywhere access to the payment solutions, services and tools they want and need to help them manage and grow their businesses effectively from a single, integrated website and access to sophisticated custom reporting on payments data, as well as PCI compliance certification. An online marketplace offers ready access to merchant cash advances, online bill payments, prepaid business cards, and more to drive sales and facilitate money management. Customer Relationship Management (CRM) software for tracking, soliciting and communicating with customers via email and text messaging sales campaigns, plus business templates and forms, financial calculators, marketing tips, discounts on business and personal products and services are also part of the MCR integrated suite, with more capabilities being added on a frequent and continual basis.