Yoyo Wallet has been ranked by KPMG as one of the top 50 emerging companies in the global financial technology space. Yoyo’s U.S. expansion comes after a successful $10 million A round that has boosted Yoyo to become the fastest growing mobile wallet in the UK, processing up to 65% of checkouts across participating locations.
FIS announced the launch of its first cloud-based, real-time core banking utility for mid-tier banks in Central and Eastern Europe.The service, hosted by Krajowa Izba Rozliczeniowa S.A. (KIR), the Polish payment processor and central clearing house for the country’s banking sector, will drive cost savings – without compromising functionality – by enabling banks to run their core banking products on a hosted version of FIS Profile. It will provide access to established product libraries, dramatically cutting the time required to launch new products to the market; provide a holistic view of the customer’s banking relationship; leverage a real-time banking system that is better matched to today’s consumer needs for seamless integration to new digital channels; and deliver one of the lowest total costs of ownership in the industry.
CARDFREE has been selected by SONIC® Drive-In as its mobile commerce platform. SONIC is the nation’s largest chain of drive-in restaurants with more than 3,500 drive-ins serving approximately 3 million customers every day. CARDFREE is partnering with SONIC to create a unique mobile experience for SONIC customers, which will provide key standalone features as well as an integrated experience at SONIC locations. The SONIC mobile solution will be piloted later this year with expected system-wide deployment in 2014. CARDFREE’s award-winning commerce platform was designed to help merchants drive incremental visits, larger ticket size, tender preference and more meaningful consumer engagements. The company’s founding team members identified a gap in the market for a merchant-centric, omni-channel commerce platform and launched the company nine months ago to serve the large merchant market.
MyCheck checkout app that allows you to view your bill live and pay for your check straight from your smartphone announced Version 3.0. Bringing a fresh new layout and interface to the application, users can now log-in to Facebook Connect; take a snapshot of a credit card and automatically populate their account information; log-in to PayPal via MyCheck for an additional payment option; and split the check evenly by percentage, by item, or evenly; and much more. MyCheck is PCI compliant, meeting the industry’s highest standards for protection of consumer information, and integrates seamlessly with Point of Sale systems. No special hardware is required.
Braintree payments platform for online and mobile commerce announced Rovio, creator of the Angry Birds franchise of mobile games and merchandise, selected its payment gateway for its new online and mobile store. With this, Rovio online and mobile store is now able to accept payments in more than 130 different currencies from around the globe while reducing PCI compliance scope. The payment gateway has the proven scalability to handle the global surges in demand generated by new game releases. Braintree is able to dramatically reduce clients’ PCI compliance requirements due to its Transparent Redirect, Client-side Encryption and innovative Vault features, which allow merchants to receive payments and store payment information without ever directly handling sensitive credit card data. This greatly reduces the PCI compliance burden for merchants, saving them valuable time and resources.
At the upcoming BMO Capital Market’s 3rd Annual Advertising & Marketing Services Conference in New York, N.Y., the founder and chief executive officer of Cardlytics, Scott Grimes, will join in a panel discussion on advertising and marketing strategies and technologies during “High Performance Ad Networks & Media Targeting” on June 2. Grimes has more than two decades of experience in the financial technology industry, and has held various roles incorporating his skills as an entrepreneur and strategist. Prior to founding Cardlytics, he served as senior vice president at Capital One where he developed and launched a number of industry-changing products.
United Bank Card (UBC) ISO partners are now able to offer potential merchants a free “Harbortouch” POS system with integrated payments The “Harbortouch” POS offers higher than average residuals and virtually non-existent attrition while providing a valuable tool to merchants. The standard “Harbortouch” system utilizes 5-wire resistive technology to help it last up to 35 million touches and features 160GB of storage space and 1GB DDR2 memory. Additionally, the “Harbortouch Hospitality 3.0” improves significantly on its predecessor with the addition of new Harbortouch Retail software that is wizard-based to guide the merchant step-by-step through the initial setup. This simplified setup process and intuitive user interface offer an easy transition for merchants so they can take advantage of all the benefits of POS without all the hassle.
Zoot advanced instant credit decisioning and loan origination announced 20 years of service to the financial industry. Founded in 1990, Zoot has grown into a multi-million dollar company that has introduced numerous industry-changing innovations to the market and received several industry awards. Its innovations include the first PC-based credit retrieval, first automated instant prescreen and the first graphical user interface for business rules. Zoot technology today enables the companyâs solutions to evolve with its clients when their business strategies, compliance requirements or consumer expectations change.
First Data Corporation has appointed board member Joe Forehand as chairman and interim CEO. Most recently chairman and CEO of Accenture where he spent 34 years of his career, Forehand served as Accentureâs CEO from November 1999 through August 2004 and as Accentureâs chairman from 2001-2006. He is currently a senior advisor at KKR and prior to that served as chairman and CEO at Accenture from November 1999 through August 2004 and as chairman from 2001-2006. He led Accenture through a period of significant change and growth â including launching one of the largest global rebranding campaigns. In July 2001, Forehand led the company in its IPO, one of the largest in U.S. history. During Forehandâs term as CEO, Accenture grew from $9.6 billion in revenue and 66,000 employees to $13.7 billion in revenue and 103,000 employees.
A new report from Aite Group focuses on the priorities and challenges
for merchant acquirers in
2010 and identifies markets that merchant acquirers see as emerging
Merchant acquiring is looking toward 2010 with the hope that it will be
a better year than 2009. ISOs and acquirers alike are looking to
emerging markets, such as the mobile/wireless channel, to help them
bounce back from the previous year and its sluggish processing volumes.
Despite these hopes, merchant acquirers face increasing challenges in
the forms of attrition, margin compression and PCI mandates that need to
be enforced throughout all levels of merchants. Merchant satisfaction
will be an important area of focus, and ISOs and acquirers need to
concentrate on deepening their relationships with merchants, protecting
their own reputations, and cultivating referral business.
Burger King and Summit Entertainment have teamed to offer “The Twilight
Saga New Moon” collectable gift card.
A series of limited-edition “New Moon”-themed “BK Crown Cards” featuring
stars from the film are available for purchase at
BURGER KING restaurants and online at www.bkcrowncard.com. Once
acquired, these collectible gift cards, which have a $5 minimum limit,
can be loaded at BURGER KINGÂ® restaurants nationwide. These exclusive
items are just a glimpse of what will be offered in BURGER KINGÂ®
restaurants and are sure to be a hit with “Twilight” fans looking for
hot gifts this holiday season. More information will be revealed in
early November when the promotion launches in BURGER KING restaurants
United Bank Card has shipped the industryâs first electronic cash
register (ECR) with integrated credit card processing as part of its
free ECR program. The UBC free ECR program offers two different packages
for retail and restaurants. The restaurant package utilizes a “Casio TK
1550” electronic cash register while the retail system will include a
“Casio TE 1500,” both utilizing exclusive credit card technology for
completely integrated transaction processing. In conjunction with this
introduction, UBC has established a back office and deployment center to
support the systems with 24-hour customer service. This will allow
merchants to easily customize the keypad layout of their register
through the online wizard. UBC currently handles the merchant accounts
for over 100,000 locations and processes in excess of 9 billion dollars