MasterCard has launched a major push to bring MasterCard payments to a wide array of consumer products across the automotive, fashion, technology, and wearables.
American Express has corralled nine major U.S. merchants to form the first U.S.-based coalition loyalty card program. The new Plenti card and/or FOB can be used any form of payment that the partner accepts at checkout – cash, credit, debit or prepaid and offers cardholders the ability to double-dip with other rewards payments cards.
LoopPay made available its LoopWallet app for Android at the Google Play Store. The free LoopWallet app for Android now significantly expands the number of consumers who can store all their cards on their phones and pay faster at just about anywhere they shop with Loop Ready™ devices. The first Loop Ready device available for Android users is the Loop Fob for $39. Additional Loop Ready devices in different form factors will be released throughout this year. Loop is also working with OEMs to embed its patented technology directly into a variety of products including smartphones and smart watches in 2015. Without the critical mass of merchants accepting NFC or other solutions from barcodes to Bluetooth, users won’t change their habits and leave their plastic cards behind. Loop allows users to securely swipe-in or scan-in all their plastic cards, and to securely transmit mag stripe card data directly to almost every POS system today without any changes to the merchants’ current infrastructure.
USA Technologies cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries, tannounced a new, exclusive agreement with The Pepi Companies that USAT believes exemplifies the future of integrated cashless payment, telemetry and consumer engagement services. The agreement, designed to span all aspects of Pepi’s business”from vending to micro-market, from mobile payment to cafeteria/food service point of sale”leverages Pepi’s existing cashless-enabled vending network and USAT’s new Integrated Payment Services. Integrated Payment Services, an evolution of USAT’s market-leading ePort Connect® service, was introduced to the vending industry yesterday. Pepsi was USAT’s first customer to initiate a complete conversion to cashless payment and telemetry on its vending machines, a project completed at the end of 2012. Pepi will expand its relationship with USAT by leveraging USAT products, services and add-on integration capabilities across all of Pepi’s other business segments.
Pepi’s integrated service solution will include traditional vending, using USAT’s turnkey ePort® and ePort Connect cashless payment and telemetry products and services. Pepi will also have the ability to integrate other third-party devices certified on USAT’s ePort Connect network. For Pepi’s micro-markets as well as their dining service point of sale, Pepi’s technology partner used QuickConnect to integrate with USAT, for streamlined payment services. In addition, for Pepi’s office coffee services and direct store deliveries, Pepi will use USAT’s ePort Mobile™ solution to integrate payments with other business segments. Finally, USAT’s loyalty and prepaid program, MORE., will be accessible by participating consumers using any of these payment acceptance options for an enhanced consumer experience and loyalty factor”one program for all aspects.
The Conference Board Leading Economic Index® (LEI) for Korea declined 0.2 percent and The Conference Board Coincident Economic Index® (CEI) for Korea increased 0.3 percent in April. The Conference Board LEI for Korea fell again in April following a sharp decline in March, with the index of manufacturing inventories to shipments (inverted) and exports making…
NFC Data NFC is touting its “padloc” NFC “e-wallet” and POS. The pre-release “padloc” mobile wallets will come with coupons pre-loaded in its “tap2sav” app. The pre-sale offering is at www.nfcsocial.com and accepts pledges through January 8th 2012. This is an opportunity for technologists, early adopters, consumers, and merchants to inexpensively get an NFC key fob that turns ANY smartphone, tablet, or PC into an NFC e-wallet and an NFC payment acceptance device.
SUBWAY sandwich franchise will accept MasterCard PayPass contactless payments at more than 7,000 U.S. locations by the end of 1Q/12. Extending to customers the option to pay for their meal by simply tapping a MasterCard PayPass-enabled card or device at the register, MasterCard’s PayPass technology offers consumers a simple, easy and convenient way to pay for goods and services at 341,000 merchant locations worldwide. With MasterCard PayPass, SUBWAY customers simply tap their PayPass-enabled MasterCard card, phone or device on a PayPass-accepting reader at check-out.
ID Data Cards has achieved Visa card manufacturing and personalization accreditation, allowing it to expand its range of plastic cards and key fobs to include Visa EMV chip and pin card solutions and build on a record period of growth for the company. ID Data can now provide its customers with Visa-accredited magnetic strip, credit, debit, ATM and prepaid cards from its purpose-built, high-security card plant in Petersfield, Hampshire. This includes every aspect of the production and fulfilment process including design, manufacturing, personalisation and mailing. The Petersfield facility has experienced a strong start to 2011, with a sizeable pipeline of new business and recent contract wins that are expected to generate more than 10 million cards. This after ID Data extended its Card Quality Management (CQM) certification from MasterCard to include dual interface cards, subsequent to increasing demand for cards combining both contact and contactless payment.
Multicard credential solutions, identity management and system integration services and a business unit of Identive Group has deployed its mobile cashless payment solution with Rabobank. Providing e-payment stickers and related services that will enable users to make purchases using their current mobile phones, directly from a virtual wallet, Multicard will provide the Bank mobile phone applications to transfer money, check balance and top-up money to the wallet, as well as handle management of all transactions, incorporating Rabobank’s MiniTix payment engine. Multicard, a business unit of Identive Group and a worldwide supplier of card solutions for secure identification programs and offers a complete open payment platform, ID systems management and engineering services as well as full implementation and program management.
VeriFone Systems urged aspiring mobile payment service companies to engage with retailers in determining market requirements to enable mobile phone-initiated payments and services at the retail point of sale. The Company released key guidelines to ensure that mobile payments don’t follow the path of previous alternative payment schemes that only succeeded in alienating merchants. The guidelines demonstrate deployment and management of complex NFC technologies will require significant ongoing services from the retailer’s payment systems provider; mobile commerce must be streamlined with existing POS services and managed well for the retailer; mobile commerce must go from zero to 90 mph in five seconds; mobile commerce must be integrated with other forms of payment; and mobile commerce must be ironclad secure. Security, both real and perceived, is imperative to the adoption and sustainability of mobile commerce. Even minor setbacks in security could compromise consumer adoption and stop the movement in its tracks.
VeriFone is further expanding globally through its NFC/contactless payment acceptance systems, this time to Turkey. With this, Garanti and Turkish mobile network operator Avea have moved from pilot phase to general commercial availability of its mobile NFC payments using 10,000 Verifone devices. Consumers can purchase and install NFC capable SIM cards that allow them to use their mobile phones for electronic payment at NFC/contactless acceptance devices in merchant locations. VeriFone has more than 150,000 systems implemented throughout Turkey, using its “PINpad 1000SE” for NFC payment. With the new add-on SIM card with antenna from Gemalto and Garanti pre-paid MasterCard PayPass that is loaded in the SIM manufacturing stage, consumers can immediately adapt existing and new mobiles for NFC mobile payments.
ID Data Cards has been reappointed Vincento Payment Solutions’ preferred card supplier on its “Kalixa” online eAccount and prepaid MasterCard for at least two more years. having first begun supporting the program in 2008, ID Data Cards will support the company’s expansion plans for the Chip & PIN “Kalixa Card” into at least five new European markets, providing a complete plastic card solution for all production and fulfilment requirements such as design, manufacturing, personalization and mailing. The “Kalixa” solution hit the UK in February 2009, followed by subsequent launches in Germany in November 2009 and most recently in Italy earlier this year.