Heartland payment processor and a leading provider of merchant business solutions acquired Leaf mobile POS for undisclosed terms. Through the acquisition, Heartland demonstrates its ongoing commitment to providing the support and resources needed to execute on the companies’ shared vision of delivering an open and flexible POS platform that makes it easier to run and grow a small business. Leaf will continue to be payments agnostic, working with the majority of domestic payments processors, and continue to build distribution relationships with industry-leading sales organization and partners. Leaf will operate as a separate business unit of Heartland, continuing its mission to help small businesses manage operations through an open and flexible technology platform that can best fit their needs.
Secure Trading and First Data announced a partnership to design an easy-to-use, general purpose reloadable prepaid offering combining the powerful compliance tools of their ST-1 solution and First Data’s PayLucky™ Solutions. They will deliver an offering compliant with New Jersey and Nevada regulations and enables players to deposit and withdraw money from their accounts with licensed online gambling operators. Since launching PayLucky™ Solutions for the legalized online and offline gambling and gaming industry, this is the first virtual prepaid card agreement that will bring simplicity and ease to operators and players. On completion of the ST-1 registration process that verifies new players’ identification and location, or when existing players seek to make deposits into their wagering accounts, they will be offered a fully integrated process to set up a PayLucky prepaid account, providing players access to instant funding.
Affirm announced the commercial release of its new Split Pay service that lets online merchants offer the power of installment payments to their consumers at the point of sale. Using Split Pay, online shoppers can make a purchase and pay across multiple months with simple, clear financing fees a fraction of credit card interest rates. With Affirm there is zero risk for the eTailer. Affirm pays its merchants in full at the time of settlement and their customers enjoy payments stretched out in monthly installments. Split Pay is consumer-friendly by providing clear terms and a fixed set of payments.
Cachet Financial mobile money management partnered with Navy Federal Credit Union to implement a money management tool geared towards students. The credit union’s Visa(R) Buxx program will use Cachet’s Select Mobile(TM) Money prepaid mobile application to view balances, request money from parents through SMS, email or in-app notification, and use the locator feature to easily locate the nearest branch or ATM. Cachet’s Select Mobile Money prepaid mobile platform is a cloud-based SaaS solution that enables financial institutions to offer their prepaid cardholders a full suite of convenient financial services in one easy-to-use mobile application. Available for iOS and Android systems, the Select Mobile Money platform can be integrated with existing card programs or used to develop a new prepaid card program.
First Data introduced its Insightics solution for small and medium-sized businesses (SMBs), offering them cloud-based software for big data behind payment transactions. This ultimately allows them to monitor key business metrics affecting their business, better understand customers to engage effectively, and derive more value from marketing and loyalty programs to grow revenue. Many small business owners struggle to get a timely and measurable view into their key business drivers, and may not know what their best days and times of the week are, how many new versus repeat customers they received in a week, if repeat customers tend to spend more than new customers, how far their highest spending customers traveled to reach them, and when they have a lackluster sales day, can see if it is happening to similar businesses.
Ixaris virtual prepaid cards now lets banks and other financial institutions select and customize payments solutions in an ‘app store’ environment before deploying them to their customers. Ixaris’ app store approach promises to empower business decision makers when it comes to product development by liberating them from the perennial constraints of limited IT resource at financial institutions. Through open payments platform Ixaris Payments Server, non-technical staff at banks can configure or even combine the functionality of a wide range of payment services into business payment solutions without the need for IT expertise. This enables banks to develop new revenue streams by quickly bringing to market new payments programmes. Ixaris Payments Server comes with a collection of market-tested, PCI-compliant payment applications for consumers and businesses – both corporate and SME – which meet common payments needs. Solutions include corporate and SME purchasing, travel and expenses, incentives and rewards, consumer e-commerce, gifting, remittance, disbursement and payroll.
MasterCard announced it will provide integrated processing services to customers across the Middle East and North Africa (MENA) through an end-to-end, multi-brand cards and payments processing center located in the UAE. The center will help customers respond rapidly to changing consumer needs, drive adoption of innovative technology and increase efficiency. Its opening highlights MasterCard’s commitment to bring global expertise closer to customers in local markets.
NCR Corporation announced NCR Silver iPad POS system for small business has been integrated with Retail Intel, a cloud-based service that automatically pulls sales data directly from the NCR Silver platform to QuickBooks®. By eliminating the need for time-consuming daily journal entries, the integration will save businesses countless hours on manual tasks and significantly improve operational efficiency and accuracy. It helps Shift Management and Cash Reconciliation, Time Clock management and offers Multiple Tax Options.
Monitise Mobile Money announced a new partnership with First Gulf Bank to launch new mobile banking services to consumers in the Middle East.Abu Dhabi-based First Gulf Bank is one of the leading banks in the United Arab Emirates. Monitise will support the bank in increasing the variety of Mobile Money services it offers and strengthening its position as a digital banking leader through the provision of new innovations for its customers.Through the partnership with Monitise, FGB is looking to build its mobile ecosystem with cutting-edge services to make life easier for its customers.
i2c, Inc., a provider of payment processing and emerging commerce solutions, announced that it is continuing to experience strong worldwide sales momentum in Fiscal Year (FY) 2014, which ends June 30. i2c is also seeing substantial growth from its existing client base, as both prepaid platform transactions and total accounts supported are up more than 50% from a year ago. The i2c platform’s ability to monetize customer relationships and build loyalty is resonating with organizations in all regions of the globe. The diversity of specific program solutions being implemented is a result of the flexibility inherent in i2c’s next-generation processing platform. Programs implemented or in development include general purpose reloadable (GPR) programs in Japan, a mobile wallet companion card in South Africa, a digital gifting app in the United States, debit card programs in Latin America and various prepaid programs in China, Australasia and the Middle East. A full spectrum of prepaid programs, including GPR, payroll, incentives, gift, travel, loyalty and remittance solutions, have been rolled out by i2c during the fiscal year.
Nok Nok Labs announced that Samsung and PayPal have selected the company’s NNL™ S3 Authentication Suite to enable the new mobile payment system introduced at Mobile World Congress. The next Samsung Galaxy S5 smartphone will enable seamless and secure mobile payments via an integrated Fingerprint Sensor (FPS). The S3 Suite from Nok Nok Labs allows both Samsung and PayPal to provide a simpler, more secure mobile shopping experience, leveraging the emerging FIDO™ standards.The NNL™Multifactor Client (MFAC) Mobile Edition (also called the “NNL FingerPrint Passport”) allows the Galaxy S5 Fingerprint Sensor to connect securely to online services, and will help Samsung enable users to authenticate any FIDO Ready™application with the existing security capabilities of their device. PayPal has deployed the NNL™ Multifactor Authentication Server (MFAS) to provide a unified and flexible authentication infrastructure that communicates securely with the NNL client on the Galaxy S5. Both Nok Nok™ products are FIDO Ready, meaning they have been certified by the FIDO Alliance.
Bank of America Merrill Lynch, a leader in card services for middle-market, large corporate and public sector clients, today announced that it is expanding chip and PIN technology to all purchasing and travel credit card products available to clients in the United States. This is the latest development in the company’s ongoing effort to rollout EMV® (EuroPay Mastercard Visa) technology to its global client base. BofA Merrill first introduced chip and PIN technology on corporate travel and expense (T&E) credit cards in Europe in 2010 and in the United States in 2012. The bank began issuing chip-enabled purchasing cards in 2013. Together with T&E cards, more than 100,000 chip and PIN cards across the portfolio have been issued to clients in the United States alone.