Harbortouch is offering a free NFC and EMV capable PIN pad with its Echo POS systems for eligible merchants. Harbortouch Echo is a built-for-purpose POS system that combines the performance and functionality of a traditional system with the simplicity and sleek design of a tablet, without any up-front costs to merchants.
LendProtect and Engaged partnered on short-term and installment lending for the underbanked consumer. LendProtect is the leading provider of real-time underbanked consumer data and risk scoring solutions and Engaged CRM is a secure loan sourcing platform built specifically for the financial sector. LendProtect has offered specialised credit risk data in the UK longer than any other company in the industry. The company provides real-time data regarding loan performance, payments, consumer stability and employment, which is not available from the mainstream credit reporting agencies. The data is analysed in order to provide instant lending decisions using a proprietary comprehensive scoring platform. LendProtect also provides instant, secure access to a prospect’s electronic banking statement which is instrumental in providing a more accurate affordability assessment. Consumers also benefit by receiving access to additional borrowing options.
Square launched an integration with IFTTT (If This Then That). Sellers can now seamlessly integrate their Square data with IFTTT to trigger customized automated actions that streamline business operations and help their day run more smoothly. The IFTTT service lets sellers link their Square account to IFTTT and create custom “recipes” that integrate their Square payment, refund, and settlement data with other products and services like SMS, Google Drive, Twitter, or email. Square launched its software partner platform, opening the door for software partners to develop tools that work seamlessly with Square’s Register service. Square’s software partner platform, which currently includes Intuit QuickBooks, Xero, and Stitch Labs, gives all sellers the ability to save time and reduce errors with customized tools.
Square launched an integration with IFTTT (If This Then That). Sellers can now seamlessly integrate their Square data with IFTTT to trigger customized automated actions that streamline business operations and help their day run more smoothly.The IFTTT service enables anyone to create powerful connections with one simple statement: if this then that. Sellers can link their Square account to IFTTT and create custom “recipes” that integrate their Square payment, refund, and settlement data with other products and services like SMS, Google Drive, Twitter, or email. For example, if a Square business makes a big sale then a congratulatory email could be sent to employees automatically via IFTTT. Likewise, if a large refund occurs at a store, the manager can use IFTTT to set up a text alert to follow up with the customer.
San Francisco-based Square has unleashed Square Invoices to help sellers get paid fast with free unlimited invoices and no monthly service fee. Now sellers can accept payments in person, online in Square Market, and through Square Invoices for the same low 2.75% transaction price. Sellers can track all sales from their Square Dashboard, making it easy to manage all of their business operations from one place.
San Francisco-based Square has unleashed Square Invoices to help sellers get paid fast with free unlimited invoices and no monthly service fee. Now sellers can accept payments in person, online in Square Market, and through Square Invoices for the same low 2.75% transaction price. Sellers can track all sales from their Square Dashboard, making it easy to manage all of their business operations from one place.
Heartland Payment Systems is introducing Heartland Secure comprehensive credit/debit card data security solution. Featuring a breach warranty, this innovative solution is designed to provide merchants with protection against POS intrusions, crimeware, miscellaneous errors, insider misuse and other common sources of card-present data fraud by eliminating the opportunity for criminals to monetize card data. Heartland Secure combines EMV electronic chip card technology, its E3 end-to-end encryption technology, and Tokenization technology. Based on data provided by the Open Security Foundation and RiskBased Security, the Online Trust Alliance’s (OTA) 2014 Data Protection and Breach Readiness Guide2 states that more than 823 million records were exposed in 2013, including credit card numbers, email addresses, log in credentials, social security numbers and other related personal information. OTA estimates that 37 percent of these breaches were the result of actual hacks, and another 31 percent were due to lack of internal controls, which enabled accidental or malicious events.
Heartland Payment Systems today is introducing Heartland Secure™ – a comprehensive credit/debit card data security solution that combines three powerful technologies working in tandem to provide merchants with the highest level of protection available against card-present data fraud. Featuring a breach warranty, this innovative solution is designed to provide merchants with protection against point-of-sale (POS) intrusions, crimeware, miscellaneous errors, insider misuse, and other common sources of card-present data fraud by eliminating the opportunity for criminals to monetize card data.
Square launched its software partner platform, collaborating with third parties to build new applications that complement Square’s suite of business services. The launch extends Works with Square, a program launched earlier this year to connect customers with more tools for their businesses. The new Xero integration is Square’s second available in the U.S. Since November, thousands of sellers have been saving time and improving accuracy with Square’s integration with QuickBooks, seamlessly importing their Square sales data into QuickBooks each day. “The Square/QuickBooks integration couldn’t have come at a better time for our growing business. It has been nothing short of a miracle and has given us so much time back.” says Jess Hughes of Tad Hughes Custom Fit Studio in Houston.
The Financial Conduct Authority (FCA) has confirmed the final rules that will govern the consumer credit market which will result in changes for how payday lenders and debt management companies treat their customers. The FCA will take a tough approach to consumer credit with stronger powers to clamp down on poor practice than the previous Office of Fair Trading regime. Our supervision of firms will be hands on and we will closely monitor how providers treat their customers, in particular those operating in higher risk sectors such as credit cards, debt management and payday. We will respond quickly to any issues that are identified and there will be swift penalties for any firm or individual found not to be putting consumers’ interests first, including possible enforcement action and consumer redress. The biggest changes come for payday lenders and debt management companies, which include limiting the number of loan roll-overs to two; restricting (to two) the number of times a firm can seek repayment using a continuous payment authority (CPA); a requirement to provide information to customers on how to get free debt advice; and requiring debt management firms to pass on more money to creditors from day one of a debt management plan, and to protect client money.
Fujitsu front-end solutions and Triton Systems ATMs and ATM management software announced they will offer the Fujitsu G60 bill recycling unit in the ARGO 7 ATM. The integrated solution will be on display in the Triton booth number 508 at the ATMIA 2014 US Conference in Orlando, FL. The ATMIA USA annual conference and expo is the largest ATM-focused event in the world and this year’s event marks its 15th anniversary. Triton’s ARGO 7 ATM features a color touchscreen, supports the eco-friendly option of sending SMS text, email or printed receipts, reducing each machine’s carbon footprint and resulting in cost savings over the life of the ATM. Also it can be configured with a business hours or level one safe and is EMV ready. The Fujitsu G60, with up to 1,900 notes capacity, features 4 recycling cassettes, 1 deposit cassette and 1 optional F53 loading cassette. The loading cassette increases up time and productivity by increasing capacities, start of day replenishment or providing an additional denomination when necessary.
Madiston LendLoanInvest is now launching a new P2P (peer to peer) Lending site that will offer investors and borrowers an unprecedented level of flexibility and control, allowing them to customize loans to suit their personal needs. The Madiston LendLoanInvest site offers a fair alternative to traditional funding methods by matching responsible lenders with stable, credit worthy borrowers. It operates on Madiston P2P Lending Software, a highly sophisticated automated platform that provides considerable flexibility and convenience to the user. It means that Madiston LendLoanInvest can offer a true alternative to existing P2P providers offering fixed terms and values. Madiston lenders can set their own parameters and spread their risk across different borrowers, either through a self-selected bidding approach or an automated lender-borrower matching process. Borrowers can choose a specific loan amount in £10 increments and select their loan period to the nearest quarter, meaning they won’t be restricted to 3 or 5 year loans. Participants can remain anonymous and everyone benefits from a transparent charging model, with no hidden costs.