The newly-established PaidThx social payment network is set to make its public debut. Allowing users to replace their cash and checkbooks with their smartphones on Android and iOS smartphone applications, the PaidThx social payment network also lets customers transfer money with friends, family, and their favorite organizations quickly and easily. It lets users can send and receive money with all of their contacts, no matter where they bank using a smartphone, computer, or popular social media sites.
Datacard Group secure ID and card personalization solutions announced Sebastien Tormos, director of mobile solutions business development for Datacard Group, will be speaking at the Mobile and Contactless Payments 2012 conference on September 25-27 in Australia. Tormos has extensive international experience in product and business development. He has led numerous initiatives in Datacard Group, and has most recently been focused on the financial and mobile payments industry. Prior to joining Datacard Group, he helped pioneer the development of smart card solutions in the financial and telecom sectors in Europe.
mopay payment solutions for online merchants released its customer study on consumers’ spending behavior using direct carrier billing, indicating over 50% of direct-to-carrier billing purchases were made by returning customers and revealed new findings about purchases made in the gaming and online dating industries. With high conversion rates compared to other payment methods, mopay converts between 52-63% of all first-time customers within a six-month timeframe. It also shows every one of the major mobile payments’ industries saw an increase in spending average. From slight increases in online gaming (around 10 percent) and leveling off at around $4.50 USD, to drastic increases in social communities of almost 40 percent, passing $5 USD in 2011. Meanwhile, online dating with direct-to-carrier billing spending averaged over $6.50 and is growing by 25%.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. businesses now process 15.5 billion remittances monthly with domestic and international trading partners, only 14% of which are sent simultaneously with payments, indicating businesses currently re-associate the remaining 13.3 billion remittances that are sent separately each month. For businesses, the timeliness of remittance information is the most important aspect of…
Western Union Business Solutions launched its business-to-business service in for cross-border payment services in Chile, Cyprus and Jordan. In Chile, Western Union Business Solutions’ payment offerings will be provided by Chilexpress, a leading courier and logistics company with a presence in over 360 Chilean cities. Chilexpress has a strong customer base in a growing market that registers more than 140,000 SMEs. In Cyprus, Western Union Business Solutions will be introduced via GAP Vassilopoulos, a leading logistics provider with a strong SME client base while Western Union Business Solutions’ partner in Jordan is Kamal Exchange.
Union First Market Bank launched its ‘Tablet Banking’ for the iPad through Intuit Financial Services. Allowing users to access a wide variety of mobile banking functions, the Intuit solution gives access to view account balances and account transaction history; funds transfer; to pay bills on the spot; locate nearby ATMs; and access to bank websites. A recent Intuit study1 of 50,000 mobile banking customers found that people using a combination of online and mobile solutions are 45 percent more likely to interact with their financial institution than those who only go online.
Broadridge Financial Solutions has enhanced its “PROactive Matching” platform to help financial organizations meet the new Dodd-Frank disclosure requirements for foreign exchange (FX) trade repositories. Requiring firms to identify individual FX transactions to new data repositories by using a Universal Swap Identifier (USI) that uniquely indentifies each trade, the Dodd-Frank requirement is now facilitated in “PROactive Matching.” It offers a highly efficient pre-settlement confirmation matching solution that offers a single point of control for the matching and management of multiple confirmation sources, such as FpML (XML), Web Portal, email, fax, paper and SWIFT messaging.
Troy Woods, president and chief operating officer of TSYS, will be presenting at the Deutsche Bank dbAccess 2012 Technology Conference in Las Vegas on September 11. Interested persons may listen to this presentation via a simultaneous Internet broadcast at www.tsys.com by clicking on the link under “Webcasts” on the homepage.
WePay online payment announced buttons that allow merchants to accept payments on their own sites without requiring them to write code or redirect their customers. It’s as easy as copy-and-paste. No Programming – If you can embed a YouTube video you can accept payments with WePay. It’s as easy as copy-and-paste. No Redirect – The entire checkout process takes place on your site. Your customers never have to leave. Just embed the button, and we’ll handle the rest. Simple Pricing – No setup, monthly, or hidden fees. Just 2.9% + 30¢ for credit cards and 1% + 30¢ for bank payments. ‘Add to Cart’ buttons let you sell multiple items; ‘Donate’ buttons help you raise money online; ‘Register’ buttons make event registration simple.
Kilowatt Credit Union selected First Data for debit processing services. Having joined the Star Network, signing a multi-year agreement under which STAR will provide PIN-secured debit point-of-sale (POS) and ATM access to its cardholders, Kilowatt Credit Union serves the employees and families of Alliant Energy Corporation and its subsidiaries. The League has had a relationship with First Data for debit processing services for more than a decade. STAR EFT networks has more than 2 million retail and ATM locations, and a First Data company. First Data is a global leader in electronic commerce and payment processing.
Fiserv financial services technology solutions and the leading provider of business driven technology solutions for credit unions, announced Animas Credit Union implemented its “XP2” account processing solution. Animas Credit Union also selected “Mobiliti” for mobile banking, Virtual Branch® for home banking, bill payment and online lending, ConvergeIT®: IVR for voice response and Wisdom™: Accounting for financial management, as well as solutions for ATM and debit processing and card, print and e-statement production.
Compass Plus retail banking software and electronic payments systems to financial institutions released a white paper, “The Rise and Fall of a Fraudulent Transaction,” detailing the evolution of financial services and how financial institutions must deploy multiple layers of protection in order to stay ahead of the fraudsters. It shows how the financial services sector has undergone a transformation in the last 10 years with customers no longer needing to visit their bank – Internet, mobile and self-service kiosks, including ATMs, now provide access to services at all times. Compass Plus outlines the various types of fraud that are prevalent today and the numerous layers of protection that can be used to combat them.