Next year will be full of complex challenges for pay-now product experts, as the last decade has been. Indicators suggest that less effort will be wasted on legal entanglements and arbitrary requirements and more thought and effort will be focused on improving the user experience, improving payment security, and solving real payments problems.
In today’s CardFlash News Que: PAYPAL (brand); AMERICAN EXPRESS (school); MERCATOR (P2P); and TSYS (FPS).
UW Credit Union has chosen six high school seniors to receive $2,000 college scholarships as part of its Community Values Scholarship program.
PayCargo, an electronic freight invoicing and payment processing specialist and HAPAG-LLOYD, a leader in containerized ocean transportation services, is now connected to the PayCargo Freight Payment Network allowing its customers the flexibility of using PayCargo as an e-payment option.
Commerce Bank has come together to offer Rewards credit card programs with more than ten organizations across the country. A regional bank with dual headquarters in St. Louis and Kansas City, Commerce continues to expand its co-brand credit card portfolio at a national level and establishing relationships in new markets.
The UAE’s leading telecoms company, is harnessing mobile NFC solution for corporate access control from Gemalto.The solution enables Etisalat’s management to securely access its head office and facilities with a single tap of a mobile phone on a contactless reader.
With the help of MasterCard and Commerce Bank, FL-based Sustain:Green has created a new biodegradable MasterCard rewards program for cardholders with carbon offsets for their everyday purchases to help fund Mata no Peito rainforest preservation projects in Brazil.
Green Dot Corporation (GDOT) supports the CFPB’s newly released prepaid debit card Notice of Proposed Rulemaking (NPRM). Green Dot’s Founder testified yesterday at the CFPB field hearing on the topic and believes that its business will not be materially impacted by the CFPB’s newly proposed rules. Furthermore, Green Dot fully supports the proposed rules that mandate “Regulation E” consumer protections for lost or stolen funds and disputed transactions, including the providing of provisional credits to consumers, and the CFPB’s proposed rulemaking dealing with the new framework for overdraft programs attached to prepaid cards.
NCR Corporation announced it will be moving to a new state-of-the-art manufacturing facility. The new facility, which is more than double the size of the company’s existing facility, is built over an 117,000 square-foot area, and is under a new single roof design structure that will allow NCR to improve operational efficiency. This facility is strategically located and is in close proximity to suppliers, customers as well as robust transportation like ports and airports that will help to improve operational efficiency and enable faster delivery of innovative products to the market. NCR will continue to manufacture financial solutions such as ATMs, while also expanding to manufacture innovative consumer transaction technologies for the retail and hospitality industries. The new facility is expected to participate in lean manufacturing practices and comply with NCR global standards related to Environmental, Health and Safety (EHS), and quality. In addition, the facility is expected to participate in IGBC (LEED) Silver certification for building sustainability and Tier 1 certification on Resilient IT Infrastructure.
Gretchen H. Garrigues has joined First Data as chief marketing officer to lead the company’s global marketing efforts. Garrigues comes to First Data with a deep financial services background and leadership skills developed over a long career with GE Capital. She served as senior managing director of global strategic marketing, responsible for strategic planning, new product development, market intelligence and customer insights. SHe also served as a foreign trade officer for the U.S. & Foreign Commercial Service based in Paris, after running a successful startup venture providing language training and translation services across Europe.
Oberthur Technologies announced massive deliveries of OT’s MultiSIM for O2 in Germany. OT developed the MultiSIM form factor and adjusted it according to Telefónica Germany requirements. From now on, O2customers do not need to worry anymore, as their new SIM card will fit into any mobile phone. If they want to change from one form factor to another, they do not need to ask their operator for a new SIM card, but can just deplug their MultiSIM. The introduction of OT’s MultiSIM by Telefónica Germany is in line with the issuing of SIM-Plugs instead of ID-sized card bodies which allows the recycling of plastics and marks another step toward environmental sustainability.
Walmart and Ria are launching the Walmart-2-Walmart Money Transfer Service allowing users to transfer money to and from more than 4,000 Walmart stores nationwide. Walmart-2-Walmart offers a clear fee structure with just two pricing tiers: customers can transfer up to $50 for $4.50 and up to $900 for $9.50. Competitive offerings often include 10 or more fee tiers and charge up to $70 for transferring less than $1,000. Money transfers above $50 make up the majority of transactions in the U.S. Walmart-2-Walmart will bring dramatic savings to these customers. Walmart also offers other everyday money services such as check cashing, bill pay, money orders and tax preparation services, as well as industry-leading pre-paid card programs though the Walmart MoneyCard, and Bluebird, a checking and debit alternative.