VeriFone Systems has been awarded a five-year contract by the District of Columbia Taxicab Commission (DCTC) valued from $35 million to as much as $45 million factoring in potential advertising revenue. VeriFone won a competitive bidding process to become the exclusive vendor for installation and support of the DCTC’s Taxicab Smart Meter System project. VeriFone will develop, install and support payment systems integrated with driver and passenger information tablet displays for all of the District’s 6,500 taxis and providing electronic trip reporting, credit card payment processing, display of news and other programming, as well as safety alert activation features for both passengers and drivers. The contract also includes a Back Office Management Information System that will provide the DCTC with automated trip reporting and GPS location services. The addition of 6,500 cabs in Washington, D.C., will increase VeriFone’s taxi media footprint by 23% to over 35,000 in the USA alone, delivering over 10 billion advertising impressions annually.
Punchcard shopping app for personalized rewards is partnering Wipit mobile payment service for web, Android or iOS smart phone apps. With this, business owners can create loyalty and rewards programs for consumers who pay with cash. Punchcard lets users shop at any one of the 15 million local retail businesses where Punchcard works, take a photo of your receipt with the Punchcard app to verify your purchase and earn “punches” on a punch card for that business. Wipit allows mobile consumers to pay for purchases in mobile apps or online using cash while Punchcard makes it easy for these consumers to get rewarded for their loyalty to their favorite businesses.
IntraLinks global provider of inter-enterprise collaboration services and Misys financial services software forged a strategic partnership arrangement. Designed to better service participants in this $3.9 trillion dollar syndicated loan market by offering end-to-end process solutions that mitigate legal and operational risk and increase operational effectiveness, the partnership will significantly expand efforts in supporting the straight-through-processing of information that is critical to the lending process. The two companies will be launching a major upgrade to the Lenderbridge connector that currently automates the provisioning of lender access to IntraLinks’ virtual deal rooms directly from within Misys Loan IQ, embracing market standards in lender (counterparty) identifiers. This upgrade will serve as a foundation for the launch of additional loan process solutions including the complicated process of administering amendment voting.
OptConnect, a member of The National ATM Council, forged an Affinity Program agreement with NAC that will make a generous royalty contribution to the organization for each wireless modem ordered by NAC members from OptConnect. Funding NAC is to support efforts to further the interests of ATM ISOs, owners and operators across the United States. OptConnect is a leading provider of wireless communication solutions for ATM machines in the United States.
Affinity Plus Federal Credit Union non-bank financial institution will pilot a non-traditional branch environment using NCR Corporation technology to create an immersive member experience for members of all ages. Affinity Plus’ member advisors are not restricted based on limitations with traditional banking roles of teller and loan officer; instead, member advisors view each interaction with members not as a simple transaction but rather a partnership. It may start as a simple account transaction, and lead to a consumer or home loan, or discussions about budgeting and goal setting. Affinity Plus has designed more than 10 individual workstations to encourage member advisors to focus on the member in front of them. Each station includes automated recycling technology – TCRs – which prevents member advisors from being tied down to one location and allows members a place to comfortably discuss their needs.
Braintree payments platform for online and mobile commerce announced Rovio, creator of the Angry Birds franchise of mobile games and merchandise, selected its payment gateway for its new online and mobile store. With this, Rovio online and mobile store is now able to accept payments in more than 130 different currencies from around the globe while reducing PCI compliance scope. The payment gateway has the proven scalability to handle the global surges in demand generated by new game releases. Braintree is able to dramatically reduce clients’ PCI compliance requirements due to its Transparent Redirect, Client-side Encryption and innovative Vault features, which allow merchants to receive payments and store payment information without ever directly handling sensitive credit card data. This greatly reduces the PCI compliance burden for merchants, saving them valuable time and resources.
New York’s MTA Metro-North Railroad and transit mobile ticketing specialists Masabi US are set to test a smartphone app allowing riders to buy their train tickets anywhere, anytime and never have to hold a piece of paper. This technology will allow customers to use today’s phones to quickly and securely buy and display electronic tickets thereby avoiding queues at ticket machines or having to use cash on-board trains. Through the app, these users can buy any type of ticket with any origin and destination, using their credit or debit cards to make the purchase. The time and date stamped electronic ticket shows up on the purchaser’s phone screen as a secure image that a conductor can validate visually. The electronic ticket also shows as a barcode that can be scanned by a conductor’s hand held device to verify that the barcode is valid.
ACH Alert has been awarded patent number 8,219,491, which significantly strengthens the breadth of its intellectual property rights by extending the scope of protection for its proprietary business methods and fraud protection systems and applications. Among the many patented automated processes in the full range of fraud protection services ACH Alert provides to its clients are: real-time, transaction level protection for commercial and individual clients; simplified identification of trusted trading partners and valid payment recipients; and facilitation of electronic transaction disputes between the financial institution and their client.
MasterCard joined with Stand Up To Cancer (SU2C) and Major League Baseball (MLB) to kick off the ‘Dine and Be Generous’ campaign designed to involve baseball fans and all consumers in the fight against cancer. From July 10 through September 28, 2012, when cardholders spend $10 or more for a meal on their MasterCard card, MasterCard will donate up to $4 million to Stand Up To Cancer. The program formally launches with a ceremonial first “swipe” by SU2C ambassador and 2012 MLB All-Star pitcher R.A. Dickey that will air during the MLB All-Star Game broadcast on FOX. The campaign builds on a successful first year in 2011 that raised more than $4 million for cancer research based on the use of MasterCard cards for purchases ranging from take-out to fine dining. MasterCard is providing enhanced ways for consumers to take get involved, allowing them register at www.facebook.com/mastercard to take action in a number of ways and involve their own social networks in supporting the cause. They can subsequently win weekly prizes of five $50 MasterCard prepaid cards and grand prize trip for two to a 2012 World Series game.
Fiserv appointed Dennis F. Lynch to its Board of Directors, a major contributor to the U.S. payments industry for over 30 years. Responsible for driving the adoption of card and payment solutions that have enhanced how consumers conduct financial transactions, Lynch is currently the Chairman of the Board at Cardtronics ATMs. He is also a Director, and former Chairman, of the Secure Remote Payments Council, a cross-industry organization dedicated to accelerating the growth, development, and market adoption of more secure ecommerce and mobile payments. Lynch was also previously the Chairman and Chief Executive Officer of RightPath Payments from 2005 to 2008 and the President and Chief Executive Officer of NYCE Corporation from 1996 to 2004.
Brightwell Payments prepaid card solutions for corporations and consumers acquired Directo paycard programs. The acquisition increases Brightwell’s penetration of the high growth paycard market while driving the efficiencies of increased scale. Brightwell provides program design, marketing, technology, distribution and fulfillment services for a comprehensive array of prepaid products, including general purpose reloadable, loyalty, award and promotional, and domestic and international payroll cards. Brightwell’s award-winning OceanPay® product has become the industry standard for maritime payroll.
Q2ebanking secure electronic banking solutions for banks and credit unions throughout the U.S., announced it is opening a second office to support its steady client growth with the resources and additional industry professionals needed to drive further success. Throughout the rest of 2012 Q2ebanking will hire approximately 40 new employees for the Atlanta office, focusing on new product development, implementation and delivery engineers as well as Q&A and customer support engineers.