Compass Plus global payments software provider launched its Instant Issuance solution based on TranzAxis open development banking platform. TranzAxis Instant Issuance allows financial institutions to issue EMV and magstripe cards in-branch in a matter of minutes. This encourages customer loyalty, increased card activation rates and decreased distribution costs. Compass Plus has embarked upon a project with Mühlbauer, the top manufacturer of high-end personalization equipment, in order to promote TranzAxis in the global market while enabling Mühlbauer to further expand its business into the banking sector, particularly instant card issuance.
Mobile Wallet Media introduced an option for standardization in m-payments in an otherwise fractured. The “Merchant Customer Exchange” (MCX) was founded to allow a mobile or digital wallet to utilize any mobile payment technology adopted by a retailer, whom must be registered for a mobile wallet using the invention’s technology. The mobile payment service provider must also be integrated to work with the invention’s technology. The retailer just needs to login into the mobile app, verify store location and can then implement the standard mobile payment technology.
Cryptomathic e-security has joined both the industry association Smart Card Alliance (SCA) and SCA’s cross-industry group, the EMV Migration Forum. Cryptomathic will contribute its global knowledge of enhancing the security and integrity of data on secure chip technology and, more specifically, the deployment and management of EMV payments. Similarly, building on decades of IP and effort in the cloud and virtualised chip space, Cryptomathic will concentrate on mobility in payments within the SCA.
PayAnywhere, the professional grade mobile point of sale solutions provider, announced the launch of its nationwide retail channel with some of the nation’s largest and most well-known retailers, including Wal-Mart® Stores Inc., OfficeMax® Incorporated, Sam’s Club® and The Home Depot®. These retailers will offer the PayAnywhere mobile credit card readers in stores as part of the company’s newly launched channel program and can now find PayAnywhere mobile credit card readers on shelves and pegs at stores where they already shop for their business needs. PayAnywhere also offers readers for contractor’s desks to best serve professional trade customers.
INSIDE Secure has entered into an agreement to purchase Embedded Security Solutions (ESS) high expertise business which designs and develops encryption-related security hardware intellectual property (IP) and software for a variety of industries, including the mobile and networking markets. This acquisition will enable INSIDE Secure to reinforce its position as a key player in the fast-growing security solutions market. ESS brings to INSIDE Secure complementary offerings for a complete security architecture, as well as additional solutions for securing both content (Digital Rights Management or “DRM”) and data exchange (Virtual Private Network or “VPN”); ESS complements INSIDE Secure’s know-how with a talented team of 79 highly qualified employees located in Europe, Asia and in the US, as well as its extensive and highly regarded security intellectual property and technology portfolio, which aligns with INSIDE’s long-term strategy to generate its own IP licensing revenue; and this will allow INSIDE Secure to access a wider customer base in the mobile, content provider and network industries that serve a variety of application markets.
The Western Union Company global payment services announced more than 15,000 billers are now in its U.S. walk-in payments service network. The Western Union biller network provides consumers the ability to make utility, mortgage, auto loan, credit card and insurance bill payments at over 45,000 Western Union® Agent locations. Instead of relying on traditional mail service or the Internet, customers would rather visit a location near their home or place of work where they can make a payment and instantly receive a receipt showing that they have paid.
Capitec Bank is deploying Diebold ATMs to deliver advanced functionality, enhanced security and convenience to its consumers. The agreement includes Opteva® 328 ATMs which feature cash recycling technology, allowing users to perform advanced transactions using notes, coins and checks, as well as perform all standard ATM functions in a single machine. Diebold’s cash recycling ATMs automate note and coin validation, improving transaction flow and security. Migrating transactions from the teller line to the self-service channel makes money management more convenient for the user, while also allowing Capitec’s tellers to focus their time on providing value-added services to consumers.
American Express chose FIS’ InstantFunds Mobile technology to provide mobile-driven remote check capture for Bluebird accounts. FIS InstantFunds Mobile enables consumers to use their smartphones to scan a check and add funds into their account, thus limiting fraud by leveraging FIS’ analytics and payment guaranty technologies.
U.S. Bank and Sport Chalet have enhanced the Sport Chalet Visa rewards program, combining it with Action Pass loyalty program. Sport Chalet customers now have the opportunity to earn more than 6 percent in rewards at Sport Chalet and 2 percent in rewards everywhere else. The rewards program will now have rewards fulfilled through Action Pass, making it easier for cardholders to redeem their points. The Sport Chalet credit card offers comprehensive benefits such as preferred access to entertainment, sporting and dining events, complimentary 24-hour concierge service, and more.
Allpoint Network, of Cardtronics and surcharge-free ATM network, announced American Eagle Federal Credit Union has joined Allpoint Network. This allows American Eagle FCU immediately expands surcharge-free cash access for its members by 50,000 ATMs worldwide. With Allpoint Network offers 38,000 cash machines and save members of American Eagle FCU time as well as ATM fees. Allpoint’s suite of free, on-demand ATM locator tools make Allpoint surcharge-free ATMs easy for American Eagle FCU members to find. Allpoint offers free smartphone apps for iPhone, Android and Blackberry operating systems, as well as a mobile browser-friendly ATM locator website.
Fifth Third Bank recently launched Access 360o reloadable prepaid card offering customers financial control, convenience and security. The card is available through any of Fifth Third’s 1,300 banking center locations. There is no charge to load money to the card and customers may do so through deposits at a Fifth Third banking center, direct deposit of paychecks or government benefits, or fund transfers from a Fifth Third Bank checking or savings account. The card can be used anywhere Debit MasterCard® is accepted, and customers may withdraw cash at any banking center or more than 2,400 Fifth Third Bank ATMs.
Tech startup Glyph released its new iPhone app that provides consumers with valuable information regarding which credit cards offer the most valuable rewards programs. Using the iPhone’s location-based GPS, Glyph recommends the right card to use based on where the user is shopping. The app learns each user’s habits, and suggests which cards would make a perfect portfolio, never allowing the user to miss out on rewards. This makes it easy for the user to know the right cards to carry and to determine which card to use for each purchase.