Green Dot announced a new cash processing technology enabling customers to securely and conveniently add cash to their accounts at participating retailers using their mobile device. This service leverages Green Dot’s new mobile and web-enabled barcode generation system and thousands of Green Dot retail locations to provide a new cash-loading option.
Malauzai Software has seen significant growth in banking via the smartphone camera in the first half of 2014. Usage of mobile banking features such as mobile remote deposit capture and mobile photo bill pay has increased as smartphone cameras have advanced in functionality.
WePay online payment announced buttons that allow merchants to accept payments on their own sites without requiring them to write code or redirect their customers. It’s as easy as copy-and-paste. No Programming – If you can embed a YouTube video you can accept payments with WePay. It’s as easy as copy-and-paste. No Redirect – The entire checkout process takes place on your site. Your customers never have to leave. Just embed the button, and we’ll handle the rest. Simple Pricing – No setup, monthly, or hidden fees. Just 2.9% + 30¢ for credit cards and 1% + 30¢ for bank payments. ‘Add to Cart’ buttons let you sell multiple items; ‘Donate’ buttons help you raise money online; ‘Register’ buttons make event registration simple.
Merchants will instantly be able to use the Text2Pay mpayment service to bill their customers for virtual goods and online content. Merchants are first asked to ‘Add a New Brand’ of the product or service and the credit title of the virtual goods or currency they are selling. They then define how the product will be sold as they ‘Create a Campaign’. Merchants can then decide on the type of purchase, the brands involved, the countries they want to sell their product in and how much they want to charge for their product or service. Finally merchants are asked to ‘Customize and Integrate’ their payment widget.
Bentley Communications it has signed a Letter of Intent to acquire GA-based Kryptosima, a firm engaged in the business of providing software and online Internet transaction delivery services that enable financial transactions via the Internet using ATM, debit and credit cards. Kryptosima was launched in January 2000 to develop new Internet payment methods. Kryptosima’s payment gateway service, payENKRYPT, is the first system designed to enable ATM card transactions over the Internet.
San Francisco Bay Area commuters will start using smart cards tomorrow as the Metropolitan Transportation Commission and a half-dozen transit operators kick off ‘Phase I’ of a six-month pilot program of the ‘TransLink’ electronic fare payment system. In preparation for the public launch, MTC and the TransLink Customer Service Center earlier this week mailed out ‘TransLink’ smart cards to approximately 4,300 program volunteers. Each card has $3 loaded in TransLink e-cash. All together, 18 rail stations, 31 bus lines, three ferry terminals, and two light-rail lines have been outfitted with ‘TransLink’ card-readers. Participants in the pilot can load value onto their fare cards at self-serve ‘Add Value Machines’ in transit stations and some 40 retail locations throughout the Bay Area, or by calling the ‘TransLink Customer Service Center’. After the success of the pilot program is determined, MTC and the participating agencies plan to install ‘TransLink’ equipment on all 21 Bay Area transit systems, which together carry in excess of 1.6 million riders a day. MTC has contracted with Motorola and ERG Limited to implement and operate the ‘TransLink’ fare-collection system.
J.C. Penney and Dutch insurance giant AEGON, have been named as defendants in a class-action lawsuit filed on behalf of a Corpus Christi woman who unknowingly was billed for insurance premiums on her credit card for six years. In August 1999, the woman was seriously injured after being struck by a car. After discovering the coverage, her son filed a claim under the credit card insurance program and was automatically rejected. According to the 13-page complaint, telemarketers began contacting customers in 1987 about the ‘ADD’ insurance program with the promise that they would receive information in the mail, but were under no obligation to purchase insurance. However, customers of the direct response solicitation program were enrolled automatically. In fact, no signatures were required to activate the policy. Some customers were told that premiums for the first three months would be paid for them. What they were not told was that the defendants made withdrawing from the program nearly impossible, and any refunds were “capped” at two or three months, no matter how long premiums had been paid.