MasterCard announced a multi-year U.S. agreement with IHG (InterContinental Hotels Group) naming MasterCard as the exclusive co-branded card for IHG’s hotel loyalty rewards consumer credit card portfolio. This further strengthens the relationship between IHG and MasterCard that includes a successful Priority Club World MasterCard co-branded card program. IHG’s Priority Club® Rewards is the hotel industry’s fastest growing and largest guest loyalty program, reaching more than 4,500 hotels across seven global IHG brands, including InterContinental® Hotels & Resorts, Hotel Indigo®, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotel & Resorts, Holiday Inn Express®, Staybridge Suites® and Candlewood Suites® as well as the Holiday Inn Resort® and InterContinental® Alliance Resorts brands in North America.
Azimo remittance announced angel investment of GBP300,000 to expand its operations from a number of high net worth individuals. Serial banking disruptor Cooper played a key part in revolutionising how credit cards are issued in the UK at Capital One, where he led the UK section of the business from start-up to two million customers, generating revenues of over £275m and employing over 2,000 people. Azimo’s service lets users transfer money to more than 125 territories around the world for a minimal charge – usually around 1-2% of the transaction. Users will see exactly how much the recipient will actually receive before the money is sent.
Western Union global payments and EZCORP instant cash solutions forged partnership agreements under which Western Union Money Transfer, money order and consumer bill payment services will be available at over 900 EZCORP-operated store locations in the United States. Western Union money transfer services also will be available at more than 300 EZCORP-operated store locations in Mexico and Canada. EZCORP operates more than 900 locations in the United States under various brand names, including EZPAWN, Value Pawn & Jewelry and EZMONEY.
O2 launched its mPOS in conjunction with Visa Europe and Global Payments, which allows retailers to accept credit and debit card payments simply via mobile technology. mPOS makes accepting card payments a breeze for retailers and customers. A low cost chip & PIN Pad accessory is connected to the retailer’s existing Smartphone or tablet via Bluetooth. A free eMerit app downloaded on the mobile or tablet manages the card payment transaction, and then sends the customer a receipt via email and/or SMS if required.
Fiserv financial services technology solutions announced that ACLEDA Bank has extended its ACLEDA Unity mobile banking and payments service to segments using “Mobiliti Reach” from Fiserv. The bank has offered Fiserv-supported mobile financial services to its customers since 2010, can now provide mobile account and payment capabilities to consumers who do not have an existing banking relationship of any kind. Mobiliti Reach enables consumers without a banking relationship to create and fund an ACLEDA Unity mobile only account (called a ‘Unity Account’) from which they can complete transactions. Popular transaction types include person-to-person payments, bill payments, mobile phone top ups and cash deposits and withdrawals via ACLEDA branches, ATMs and offline offices. This helps ACLEDA fulfill their commitment to be a leader in the development of the Cambodian economy by providing secure, technologically advanced banking services.
O2 announced a new mPOS in conjunction with Visa Europe and Global Payments, allowing retailers to accept credit and debit card payments simply via mobile technology. The new mPOS includes a low cost chip & PIN Pad accessory connected to the retailer’s existing Smartphone or tablet via Bluetooth. A free eMerit app downloaded on the mobile or tablet manages the card payment transaction, and then sends the customer a receipt via email and/or SMS if required.
The Royal Bank of Scotland (RBS) plc announced the launch of RBS GlobalXChange (GXC) which brings together its capabilities in cash management and foreign exchange focused on transactional FX. GXC provides RBS Groups’ institutional, corporate and public sector clients, with a flexible integrated solution suite for international cross-currency cash flows – whether they are payments or receivables, single or multiple, automated or bespoke.
Monitise technology and services company delivering mobile banking, payments and commerce networks worldwide, announces a trading update ahead of the announcement on 4 September 2012 of its financial results for the year ended 30 June 2012. As Monitise continues to enhance its reputation for delivering bank grade secure services for its customers, be it mobile banking, mobile payments or mobile commerce, the opportunities to enhance shareholder value continue to grow. The Company has invested significantly in its Monitise Enterprise Platform and technology over the past few years and is also delighted to have completed four major customer launches during June and July. The Company has a strong pipeline of future deployments. The Company is pleased to bring forward EBITDA breakeven guidance by a full quarter to September 2013. Revenue in the year grew by approximately 140% from £15m to £36m and thom £15m to £36m and the EBITDA loss reduced from £12m to £10m.
White Eagle deployed its photo ID, proof of age, combined with VISA Prepaid / e-wallet functionally with CitizenCard Limited. The Visa Prepaid CitizenCard offers a re-loadable prepaid card with chip and PIN security which can also be used for instant card to card payments to anyone else with a CitizenCard. The White Eagle platform allows the users of their card to manage their account 24/7 online, by SMS or IVR. The Visa Prepaid CitizenCard will be highly competitiveetitive as a standalone prepaid card, with the added benefits of being a proof of age and ID card, as well as cardholders being able to receive LEALTA discounts at over 20,000 local and national retailers across the UK.
RBS Citizens announced it will host a series of complimentary Financial Forum webinars related to issues in Cash and Treasury Management. The next webinar entitled Payments Risk and Security will be held June 13, 2012. The Financial Forum webinars are designed to provide corporate treasurers with up-to-date information on a variety of topics to assist…
Kofax, a leading provider of capture enabled business process management (BPM) solutions, announced that Helena Chemical Company, a leading distributor of crop protection and production products and services, has selected Kofax for its accounts payable automation solution. The value of the contract to Kofax exceeds $440,000. Helena Chemical, which distributes its products and services to…
Raising the bar even further for processing “Big Data” transaction volumes, Microgen Plc announced that Microgen Aptitude, the enterprise application platform, has achieved the result of processing 7 billion transactions per hour performing in-memory processing on IBM System x. Further tests, involving Oracle database to database processing running across a combination of IBM System x…