Heartland Payment Systems and Tabbedout mobile payment app announced a strategic partnership to deliver an integrated mobile payment solution designed specifically for restaurant and bar operators. Heartland and Tabbedout have a shared goal of supporting an open merchant and consumer platform that starts with payments and provides an infrastructure for merchants and brands, such as beverage brands and payment sources, to engage with consumers. By aggregating customer data, including profile information, purchase history and feedback, this solution enables operators and brands to offer targeted rewards and incentives to influence purchasing decisions, increase loyalty and attract new customers, all within the venues’ existing infrastructure. Tabbedout will continue to work with other payments and related companies to enable operators to work with the providers of their choice.
Panasonic joins P97 Networks, Microsoft Corp., and CGI, at NACS 2013 to introduce its “PetroZone” mcommerce and behavioral marketing platform for the convenience retail and fuels marketing industry. This new alliance will combine the power of Panasonic’s portfolio of POS devices and deployment services with CGI’s Payment 360 Platform, Microsoft’s Dynamics AX Point of Sale, and P97’s PetroZone cloud based mobile commerce platform to provide the retail convenience and fuel marketing industry a fully integrated mobile payments and settlement platform for the future. The partnership provides major oil companies with a complete cloud based mobile commerce platform, allowing them to offer new mobile payment types, digital offers, integrated customer loyalty programs, and financial settlement solutions for their retail fuel distributors, wholesalers, and marketers.
Chase Paymentech Announced its Safetech Page Encryption, helping merchants provide a safe and optimal shopping experience for their customers. Chase Paymentech is the first acquirer to offer this type of data-protection technology. Safetech Page Encryption encrypts payment data the moment a consumer enters her or his payment information into a web browser. The payment remains encrypted until it reaches Chase Paymentech, which processes the transaction. After authorization is obtained from the payment networks, Chase Paymentech employs Safetech Tokenization, a stand-alone solution included with Safetech Page Encryption, to replace customer payment data with a benign, secure value that cannot be converted back to payment or account information within a merchant’s network. Tokenized values are returned to the merchant to use for internal processes such as settling transactions. Should a merchant’s network become compromised, the cardholder’s data remains tokenized and not accessible to the threat. Thus, the risk associated with storing cardholder data is reduced. Plus, Safetech Page Encryption may lessen the costs for meeting and monitoring Payment Card Industry (PCI) compliance since the burden of managing cardholder data and encryption is removed.
The FIDO (Fast IDentity Online) Alliance announced MasterCard has joined and been appointed to the Board of Directors. FIDO members commit to share technology and collaborate to deliver open specifications for universal strong authentication that enables FIDO-compliant authentication methods to be interoperable, more secure and private, and easier to use.Open FIDO specifications will support a full range of authentication technologies, including biometrics such as fingerprint and iris scanners, voice and facial recognition, as well as existing solutions and communications standards, such as Trusted Platform Modules, USB Security Tokens, Smart Cards and NFC. The open specifications are being designed to be extensible and to accommodate future innovation, as well as protect existing investments.
PayPal and the National Cyber Security Alliance unveiled the results from a new Zogby Poll highlighting the latest trends, concerns and misperceptions around mobile security and commerce. The survey is in support of National Cyber Security Awareness Month (NCSAM), an effort that educates millions of people each year about the importance of online safety and security. The national survey of more than 1,000 U.S. adults underscores how deeply entrenched in American’s daily lives mobile devices have become. For example, two-thirds of the people surveyed told us that their smartphone is never further than one room away, and one in ten said they keep their phone handy everywhere they go, with the possible exception of the bathroom. In addition, the survey highlighted the growing importance of mobile devices as a tool for shopping, with one in four respondents reporting that they complete at least one transaction per day on their smartphone, while one in six say they make at least 25 percent of all their purchases on their smartphone. The survey found that many people are open to new approaches to mobile security that would increase their safety. In particular, there are strong indications that many people are willing to take advantage of biometric technology to protect themselves against mobile security threats. The survey found that Americans are overwhelmingly comfortable replacing passwords with newer security technologies such as fingerprint identification (53 percent) and retinal scans (45 percent).
TransCentra, a leading provider of billing and payment software and services, has named Kevin Lee president of TransCentra’s software and technology group. Lee brings more than 15 years of experience in strategically guiding companies in the financial services technology industry, including leading several during times of rapid growth. Lee was previously president and CEO of CRE Secure, a leading cloud-based, secure payment solution, where he oversaw the organization’s technology development and overall strategic direction. Prior to CRE Secure, he was CEO of Skylight Financial, a prepaid debit card provider, where he was instrumental in growing and ultimately leading the sale of Skylight to Netspend to form Netspend Holdings in 2008.
Fiserv launched its “Snap-to-Pay” capability for mbanking and payments solutions. Allowing users to pay bills quickly and easily with a snap of their smartphone cameras, “Snap-to-Pay” captures essential bill information, such as the company to be paid and the amount due, which is then used to automatically populate the appropriate fields on the smartphone screen. Snap-to-Pay leverages mobile imaging technology from Top Image Systems™ (TIS™), which enables mobile devices such as smartphones and tablets to accurately capture information from documents of all types and sizes. Snap-to-Pay allows consumers to set up a new biller to be paid, pay their bill and enroll in electronic bill presentment if they would like to have future bills delivered to their account as e-bills. Users save time and can avoid frustrating input errors because the functionality eliminates the need to tap in large amounts of information on the phone keypad, making bill payment a “snap.”
Green Dot has named Grace Wang CEO, who joins from JP Morgan Chase. Most recently based in London, Wang held the position of Managing Director and Chief Financial Officer of Investor Services Sales for Europe, Middle East and Africa (EMEA) with JP Morgan. Prior to becoming CFO of that division, Ms. Wang held various senior finance and leadership roles at JP Morgan Chase since 2004, including EMEA CFO and Head of International Strategy and Business Development of the Treasury and Securities Services division. She will report to Steve Streit, Chairman, President and Chief Executive Officer and will assume her new role on November 18, 2013. She holds an undergraduate degree and MBA from Harvard University.
American Express Serve announced its nationwide cash load network and the addition of new money management capabilities to its full-service reloadable prepaid account. It features Direct Deposit, Bill Pay, Mobile Check Capture, Personal Financial Management Tools, and Reserve, which allows customers to put money aside for future expenses. The Free Cash Load Network allows American Express Serve customers to take cash to the register at more than 14,000 participating CVS/pharmacy and 7-Eleven stores and add it to their American Express Serve Account on its own Vanilla Reload Network. The can also add their paycheck or government disbursements directly into their Account through Serve.com and use their smartphone camera to snap a photo of a check and add it directly into their Account using the Serve mobile app. American Express Serve will charge a monthly fee of $1 beginning December 3, 2013.
Mocapay mobile marketing and payments solutions launched customized mobile program for Denver-based Udi’s Cafés and Restaurants. The new Udi’s branded mobile app will allow Udi’s to issue loyalty and reward benefits to its customers. Udi’s is taking advantage of Mocapay’s mobile marketing to keep customers informed and to allow store managers to bring added value to Udi’s guests. The branded app will offer a full range of loyalty and reward benefits such as Udi’s loyalty program; Ability to earn valuable points; Automatic delivery of earned digital currency; Easy and secure redemption of rewards and offers; Ability to view account activity; Locator to pinpoint the closest Udi’s location and the ability to manage and update an account. The loyalty program rewards one point for every one dollar ($1.00) spent. For every 100 points earned the consumer receives a $10 gift card to spend at Udi’s Restaurants.
Digital River expanded its relationship with PayPal, which also added PayPal Express Checkout and Bill Me Later to its existing PayPal portfolio. The new payments represent the first in a series of PayPal options that Digital River will make available to its commerce customers. These options enhance Digital River’s current payment offering, which today supports more than 40 international and local payment options in more than 170 currencies. Bill Me Later is a PayPal service that enables online shoppers to buy now and pay later. Upon approval, buyers can use this payment option as a secure, instant and reusable credit line. By offering this payment option, Digital River can help its customers streamline the buying experience and increase close ratios by making higher priced products more affordable for an average consumer.
MasterCard announced Beyond the Rack, a North American eCommerce fashion, signed on to provide MasterPass digital wallet. Letting users apply any payment card or enabled device to discover enhanced shopping experiences. The new service provides Beyond the Rack’s broad customer base a convenient and flexible way to pay via the web or on a mobile device. Beyond the Rack joins the tens of thousands of retailers in Canada and the US who are enabling a seamless, secure and speedy check out regardless of where consumers may be and what device they may be using. MasterPass is an innovative digital commerce solution that delivers value to both consumers and merchants for its simplicity and security. Available now at www.beyondtherack.com, shoppers can begin using MasterPass, registering their credit card credentials for a simplified and faster checkout experience.