Telkomsel Indonesia has launched its digital wallet for its 140 million subscribers. The TWallet is powered by Mozido in partnership with Verifone, and Finnet Indonesia.
American Express has launched Serve Cash Back, a new prepaid debit Account option that will earn Accountholders 1% cash back on purchases. Consumers who spend in line with the 2012 – 2013 U.S. Department of Labor national averages for gas, groceries, dining out, clothing, transportation and entertainment using the Serve Cash Back Card could potentially earn more than $400 annually2 when earning 1% cash back.
Fusion Network and Mobile Strategy Partners have teamed to integrate MSP Account Opening with ClickSwitch. The combined solution affords leading financial institutions seamless support for acquiring new accounts and relationships from shopping through switching.
Despite forecasts of Americans shopping online this holiday season versus producing foot traffic in brick-and-mortar retail stores, a new projection says holiday sales will grow 3.5% year-on-year.
Shopping is changing rapidly as store foot traffic declines as web site clicks soar. Also, the number of consumers willing make a purchase of $500 or more within the next 12 months is growing.
New research shows the majority of small- and mid-size businesses (SMEs) already use online banking, and mobile banking is on the rise. Currently 35% of SMEs use a smartphone and 25% use a tablet for business banking.
Payoneer announced today it has signed a partnership with Quantium Solutions Inc. of Japan to provide global cross-border payment solutions for Quantium’s international e-commerce and mail-order business operators. Under the terms of the partnership, Quantium customers can become Payoneer accountholders, so they can more easily receive commercial payments from companies in the U.S. and around the world. Payoneer’s secure and trusted service can be utilized by a wide range of international e-commerce and mail order business operators, providing customers with full control over their money and providing the ability to withdraw funds to their local bank account or at local ATMs. Payoneer offers multilingual, 24/7 customer service and web support, and mobile applications for users across the globe.
First Data Corporation announced that BMA Banking Systems has agreed to endorse First Data Online Banking to its financial institution clients. BMA provides banking software and processing solutions to financial institutions ranging from de novos to large industrial loan corporations.The agreement will provide BMA’s clients with access to First Data Online Banking – which includes personal financial manager (PFM), mobile and online bill pay services. The company will fully integrate the solution into its core banking platform.
Allied Payment Network, a provider of online and mobile bill payment services to the financial industry, announced New Castle Bank launch Allied’s Picture Pay mobile bill pay solution, enabling its customers to pay any bill by taking a picture of the bill with their mobile device. In an effort to simplify the bill pay process, Ameriana Bank integrated Picture Pay into its existing mobile banking app, increasing the level of convenience for accountholders with a solution that is also more cost-effective for the bank. Once a customer takes a picture of the bill with their smartphone, they simply enter the amount and payment date, and the bill is paid. Picture Pay’s technology reads the data from the customer’s bill, and then its built-in analytics confirm the biller and execute the payment process. Picture Pay was developed in conjunction with Malauzai Software Inc., a provider of mobile banking SmartApps for community financial institutions.
Cardtronics announced that Costco Wholesale has renewed the company as a key provider of ATM services in the United States, adding a long-term contract extension to a relationship established in 2005. The world’s largest retail ATM owner, Cardtronics owns and operates more than 450 ATMs located in Costco membership warehouses spread across 39 states today, and has expansion rights for future Costco locations. With the recent expansion of Cardtronics’ ATM branding program to include both Principal Branding and Preferred Branding, all 450 ATMs are once again available to interested financial institutions.
American Express and Isis announced that they will introduce American Express Serve to the Isis Mobile Wallet. The new co-branded account will be offered in every Isis Mobile Wallet as a part of a nationwide launch later this year, enabling millions of Americans to tap and pay using their American Express Serve account. By adding American Express Serve to the Wallet, customers will be able to pay bills online and send money to friends and family. They will also be able to add cash to their American Express Serve account or fund it using an existing bank account, any credit or debit card or through direct deposit. The Isis Mobile Wallet NFC technology allows consumers to pay, redeem coupons and present loyalty cards with their mobile phones. American Express’ U.S. Consumer and OPEN® Small Business Cards are currently available in the Isis Mobile Wallet.
Allpoint Network announced that it has joined with Discover Financial Services to provide millions of Discover cardmembers with surcharge-free access to cash through 43,000 Allpoint ATMs in the United States. Allpoint Network is an affiliate of Cardtronics, Inc., the world’s largest retail ATM owner, and its surcharge-free ATMs are conveniently located coast-to-coast, in destination retail outlets including major discount retailers, as well as convenience, grocery and pharmacy stores”places that are already part of people’s daily routines. As America’s largest surcharge-free ATM Network, Allpoint helps more than 1,200 financial services providers, representing more than 60 million cardholders, save time and money when accessing their cash.