CreditCall is developing a payment app called “CardEase Mobile” secured Chip & PIN (EMV) or magnetic-stripe transactions to take place on BlackBerry and other smartphones, becoming available in fall 2010. The card read and the userâs PIN entered on a separate Bluetooth-linked PIN Pad that can be paired to the smartphone. The data is encrypted while in transit and on a smartphone, then sent over a wireless network to authorize the transaction. A transaction receipt can then be sent to the customer by email, SMS or in paper format from an optional printer.
epay prepaid and payments processor has integrated with Radiant Systems to offer its prepaid and payments program through the “Radiant POS” for Petroleum and Convenience Retail. This partnership allows any retailer using the “Radiant POS” to easily add the epay program to their existing system with no additional hardware or expenses. In addition to taking epayâs full product offering via the Radiant integration, retailers can now offer pay-at-the-pump functionality for proprietary gift cards. Retailers have been increasingly interested in offering their proprietary gift cards at the pump, as it is a cost effective alternative from credit cards and the corresponding fees charged to retailers. This was created to be flexible enough to implement new products in the future without having to upgrade the software before deployment, allowing all transactions through the storeâs current POS.
Fiserv financial services technology solutions has launched its “ZashPay” person-to-person (P2P) payments service. Allowing users to send or receive money using their existing online banking accounts, “ZashPay” only requires the recipientâs name and e-mail address or mobile phone number. The payment will be deducted directly from the senderâs banking account and deposited directly into the recipientâs account, utilizing the same secure processes as an online banking transaction. Payments made through ZashPay will be securely processed through the Fiserv industry-leading online payment network, which in 2009 processed 1.35 billion online bill payments for more than 3,100 financial institutions, including most of the largest banks and credit unions in the U.S.
Bank of America has received seven awards from Euromoney magazine through the â2010 Awards for Excellenceâ program. Awards received include; Best Bank in the U.S; Best Debt House in North America; and Best Debt House in Japan. This was due in part thanks to Bank of America efforts to help simplify the financial lives of its customers with transparent solutions for customers. The bank extended more credit than any other bank in the country in both the consumer and commercial sectors throughout the year.
Dynamic Card Solutions (DCS) instant issuance and PIN selection solutions announced its “CardWizard 5.2” software application for instant card issuance. The “CardWizard 5.2” software enables financial institutions to instantly issue magstripe, contact, contactless and EMV payment cards in branch or back office. Financial institution customers can receive these permanent cards instantly at account opening or if they have a lost or stolen card the replacement is available immediately at any branch location. With CardWizard instant issue software, financial institutions can eliminate third party card issuance costs, and increase activation rates, early and long-term card usage, interchange revenue and top of mind/wallet brand recognition. Enabling custom background selection and the ability to produce a fully personalized, unembossed card, The “CardWizard 5.2” software features optimum functionality, increased performance, memory utilization, and enables significant new capabilities to enhance security, delivery and overall customer experience. DCS is prided on an improved user interface and reporting functions; multiple language support for Spanish and Portuguese; optimized custom background functions; and expanded chip programming capabilities.
Bank of America is set to debut its latest commercial during the 2010 Major League Baseball All-Star Game on Tuesday, July 13, at 8 p.m. on FOX, celebrating its commitment to MLB. This is the first time in three years that Bank of America has introduced new baseball-themed creative during the Midsummer Classic. Entitled âStitching,â the 30-second spot was designed by agency partner Hill Holliday and uses the imagery of a baseball being sewn together as a metaphor for how the game is deeply woven into the fabric of our national culture. Bank of America is leveraging its sponsorship of the MLB All-Star Game to deploy more than 250 associate volunteers to assist in baseball-themed community events benefitting organizations such as Little League Challenger Division and Rebuilding Together in and around Orange County, which ties to MLBâs overall theme of âGoing Beyondâ and giving back to the community.
FreedomPay intelligent transaction management solutions launched its “FreeWay” scalable transaction and payment gateway with âLevel 4 Data.” Providing its users visibility in the transactions that power global business, “Level 4 Data” provides intelligent business information to analyze the real business drivers behind every transaction. It includes specific details about the product sold, such as manufacturer, make, model, model year, part number, serial number, stock keeping unit (SKU), promotional or loyalty rewards, and other critical information. This allows companies to precisely identify the specific products, promotions, and loyalty programs that are driving sales increases; track service enhancements for preventative maintenance programs; analyze field service and repair efforts; plan for changes in inventory demand; and evaluate supply and demand chain analytics to the individual part number.
The 40,000 Boy Scouts and 30,000 visitors and volunteers attending the 2010 National Scout Jamboree will have available the FreedomPay “Smart Bracelet” payment bracelet. Allowing users to purchase snacks and souvenirs with the simple swipe of their wrists, Freedompay’s “Smart Bracelet” conducts transactions on the “FreeWay” flexible transaction gateway. The “Smart Bracelet” provides a virtual wallet that can be funded by parents on-line prior to and during the Jamboree. It is a customized payment and transaction processing solution that allows Scouts full access to concessions, activities, and memorabilia without the hassle of cash or credit cards. It can also be used as a credit or debit card by BSA staff, Scout leaders and other onsite adults, allowing them the same freedom to securely and conveniently buy concessions at the Jamboreeâs Trading Posts.
Starmount connected commerce solutions has entered into an agreement with Urban Outfitters to develop an in-store mobile POS application. Deployed on the Apple iPod touch to deliver an easy-to-use interface, the application is aimed at improving personalized customer service, increasing floor efficiency and reducing transaction time and costs. The mPOS solution will provide store associates a tool to complete transactions where the point-of-decision is occurring. It will include full functionality of a fixed-base POS system as well as integration with in-store databases.
FreedomPay intelligent transaction management solutions passed the 1,000 client milestone for its “FreeWay” Software as a Service (SaaS) payment and transaction gateway. First launched in April 2009, “FreeWay” breaks down the traditional silos that have long encumbered payment processing and transaction businesses. It enables greater marketing effectiveness and visibility through newly-available intelligence and analysis. FreeWay joins all areas of payment and transaction processes into a single, easy-to-use interface and reporting system, eliminating the need for companies to change or add system architecture. The “FreeWay” architecture is ideal for continuously expanding or changing retailing enterprises that have franchised, and have multiple and disparate locations.
Starmount has signed an agreement with Urban Outfitters to develop its in-store mobile POS application on the Apple iPod touch. The application will provide store associates a tool to complete transactions where the point-of-decision is occurring. It will include full functionality of a fixed-base POS system as well as integration with in-store databases. The mobile application will be developed on the Starmount Application Framework, which is platform and operating system independent and easily integrates applications from point-of-service systems to inventory management tools. The framework can be extended to new mediums such as interactive kiosks and digital signage, enabling customers to focus on their changing business needs instead of the underlying technology.
The value of digital and physical goods that people buy with their mobile smart phones will reach $200billion globally by 2012, compared to the current $100billion annually. Digital goods include entertainment and tickets, whilst physical goods include groceries, gifts and books. The availability of secure, easy-to-use, payment applications and a growing realization of users they can make ecommerce purchases by mobile will drive the market. This, according to a new study by Juniper Research, also showed merchants need to communicate the cost of transactions more clearly to encourage consumers; the frequency of physical goods purchased will be higher than average in North America and Western Europe; and the best potential can be found in highly targeted marketing campaigns with apps and mobile web payments.