ROAM Data encrypted mobile card readers and mCommerce platform-as-a-service provider has launched its “G3X” secure mobile card reader. The “G3X” is ROAM’s third generation mobile reader and supports hundreds of devices, from iOS, Android and Blackberry, to PCs and Macs. This lets Merchant Service Providers compete with the best technology for a whole new segment of mobile merchants and small merchants previously untapped, a market that companies like Square are aggressively pursuing. ROAM has sold more than 400,000 mobile reader units to Intuit, North American Bankcard, Sage Payments, NPC, Total Merchant Services, First Data, Chase Paymentech, Global Payments and others.
USA Technologies wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retailing industries expects 2Q/12 revenues of between $6.8 and $7.0 million, an increase of 13% – 17% from year ago figures of $6 million. The Company anticipates processing 25 million transactions during the second quarter, representing volume of $41 million in the second quarter, both of which would represent growth of greater than 50% from the fiscal year 2011 second quarter. The Company earns transaction processing fees equal to a percentage of the dollar volume processed by the Company, which are included as licensing and transaction processing revenues in its Consolidated Statements of Operations.
Having evaluated the plans of 10 banks and credit unions that in total hold more than one-third of all U.S. deposit accounts, Fiserv research concluded mobile banking is taking off. Remote deposit capture and mobile person-to-person payments will account for the bulk of mobile investment in 2012, which financial institutions are moving to meet with more robust mobile banking and payment solutions. Nine out of ten of the financial institutions already have a mobile banking offering that provides basic account access, and almost all provide ATM/branch locators, transfers between accounts and bill payment. For 2012, financial institutions plan to focus on delivering remote deposit capture, actionable alerts, which allow recipients to initiate an action such as a funds transfer in response to an alert about a low balance, and additional payment capabilities. Eight of ten surveyed institutions plan to invest in some type of mobile payments in the next 12 months.
Belly digital loyalty program launched offers a unique value proposition for small and medium-sized businesses. Belly replaces traditional ‘buy 10 get one free’ punch cards with a unique loyalty platform that fit each businesses’ personality and connects consumers on a much more personalized level to the places they already love. The company is the first digital universal loyalty program of its kind, offering customers a single loyalty card, instead of a wallet-full and can be downloaded as an iPhone App or Android App. Belly is turning the businesses who use their platform into fans, too. As part of the 30-day, no commitment trial, Belly offers a quick-setup, plug-and-play loyalty platform that makes creating, offering and redeeming benefits as easy as the pie just smashed in the baker’s face.
Let’s Get Ready (LGR), a non-profit organization that helps gain college access for low-income and first-generation high school students, is proud to announce its second place finish in the first-ever Chase American Giving Awards, hosted by the Emmy Award-Winning Bob Costas last Saturday on NBC. Out of the five finalists, LGR received the second highest amount of votes on the Chase American Giving Awards’ Facebook page, landing them $500,000 in grant money.
Credit Sesame personal finance website launched its iPhone app, giving consumers instant and free access to their credit score and bank level analytics to make smart credit, loan and mortgage decisions. Available for download in the iTunes store, the Credit Sesame app provides consumers mobile, real-time information about their finances and the financial market so that consumers can make informed and smart credit and loan decisions on-the-go.
TapBuy quick-checkout technology mobile apps now allows stores shoppers’ billing and shipping preferences, allowing them to check out from any supported app from any supported merchant with just a few taps. TheFind has already licensed TapBuy and launched it in the company’s iPhone comparison shopping app. TapBuy stores consumers’ billing and payment in a server-side wallet, so that consumers enter their personal information only once. TapBuy, available as a SDK for retailers, developers and shopping aggregators, is transparent to merchants and can be adapted easily to integrate with any retailer with an ecommerce website. TapBuy ultimately delivers a single consistent experience.
NCR Corporation forged agreements with Kum & Go to implement its Radiant c-store technology within each of the retailer’s 400+ stores. Kum & Go, the fifth largest privately held, company-operated convenience store chain in the United States, chose the Radiant solution to manage a wide range of its business operations from one system, including fuel island, foodservice and multichannel marketing initiatives. NCR acquired Radiant Systems to host more than 100,000 POS installations worldwide. Customers include leading brands and venues in the restaurant and food service, sports and entertainment, petroleum and convenience and specialty retail markets.
Fiserv financial services technology solutions announced Zions Bancorporation (Zions), a $51.5 billion financial services company, selected Fiserv to support multi-channel digital payments for retail and business customers. The banking company will utilize the CheckFree RXP suite from Fiserv for electronic bill (e-bill) delivery, payments and transfers and ZashPay® for person-to-person payments, providing customers with convenient, integrated money movement options. These services will also serve as the foundation for expanded money movement capabilities as the market and consumer expectations evolve, enabling consumers to send money where they want, when they want. The CheckFree RXP suite and ZashPay are routinely updated by Fiserv via the innovative “Feature Pack” process.
GlobalPlatform announced that Broadcom Corporation, a global innovation leader in semiconductor solutions for wired and wireless communications, has joined the organization as an Observer Member. Broadcom is a leading supplier of some of the most ubiquitous wireless technologies in the world and currently ranks as the most innovative semiconductor company on the Fortune 500. It will bring a wealth of global experience in both hardware and software solutions across numerous business areas, including the mobile sector, to the organization and will support the industry in its mission to drive market adoption of harmonized industry standards.
FleetCor Technologies fuel cards and specialized payment products to businesses acquired AllStar Business Solutions Limited from The Arval Group for GBP194 million (approximately $304 million). AllStar’s fuel cards permit fleet operators to provide their company drivers with a payment card to fuel their vehicles securely without having the need to pay with cash or personal credit cards. AllStar has approximately 40 thousand customers and about one million cardholders, a large portion of whom are small and medium sized enterprises. AllStar serves both business clients directly, and strategic partners like Arval leasing who in turn serve their customers. AllStar fuel cards are accepted by all U.K. major fuel brands, including the leading supermarket chains.
Providing the most relevant and reliable figures in the payment industry, CardData, the CardFlash publication focused on payment industry statistics and trends, has been completely redesigned. Not only does the fully-redesigned site provide more extensive, useful and in-depth data, it does so with better looking graphics and images. Refinements are abundant, with a bright new…