Skype Credit
Microsoft-owned Skype users will now have to option to top up their accounts at more than 50,000 Western Union Agent U.S. locations. Western Union’s new Skype Credit is aiming for the banked, under-banked or un-banked.
InterWallet Signs 1000 Store Deal
InterWallet entered into an agreement to place 1,000 of its multi-functional kiosks with Open Payment Solutions, LLC. InterWallet manufactures cutting edge ATM like kiosks capable of providing a multitude of services to mainstream America including access to 10,000 Billers (bill pay), Phone Cards, Pre Paid Debit Cards, Movie and Show tickets as well as the capability to offer a multitude of services to the under banked and un-banked.
Etisalat Nigeria Launches mWallet solution
Allowing users to pay bills and send remittance, the Etisalat Group launched its mobile wallet solutions with “state of the art” ISO-1 compliant security features. Etisalat’s mobile commerce application is a fully functional mobile wallet that offers a full range of mobile banking and transaction services. It will provide millions of people with access to banking for the very first time. Etisalat’s Mobile Commerce service is developed in-line with its strategy of including un-banked and under-banked customers into the regulated financial services space, enhancement of financial transparency and expansion of financial transaction channels. This service will provide millions of people with access to banking for the very first time.
Punchcard and Wipit Partner on PrePaid Loyalty Solutions
Punchcard shopping app for personalized rewards is partnering Wipit mobile payment service for web, Android or iOS smart phone apps. With this, business owners can create loyalty and rewards programs for consumers who pay with cash. Punchcard lets users shop at any one of the 15 million local retail businesses where Punchcard works, take a photo of your receipt with the Punchcard app to verify your purchase and earn “punches” on a punch card for that business. Wipit allows mobile consumers to pay for purchases in mobile apps or online using cash while Punchcard makes it easy for these consumers to get rewarded for their loyalty to their favorite businesses.
Card Compliant and IDology Partner, Meet Compliance Regulations
Card Compliant compliance partnered IDology identity verification provider, announced a partnership to better serve the prepaid access and prepaid card industry. Card Compliant is leveraging IDology’s identity proofing solutions to meet CIP/KYC regulations and comply with FinCEN’s Regulatory Requirements on prepaid access cards. The partnership between the two companies allows for consumers purchasing closed loop, open loop, GPR and other prepaid cards to be verified quickly and easily when compliance regulations need to be met. IDology’s identity verification solution is based on a broad amount of information, which allows Card Compliant to locate more cardholders compared to other data providers such as credit bureaus. IDology’s flexible and configurable solutions are designed specifically to identify the under and un-banked demographics associated with prepaid, resulting in more cardholder acceptance.
Card Compliant and IDology Jointly Offer Compliance
Card Compliant, a compliance specialty company, and IDology, a leading identity verification provider, announced a partnership to better serve the prepaid access and prepaid card industry. Card Compliant is leveraging IDology’s identity proofing solutions to meet CIP/KYC regulations and comply with FinCEN’s Regulatory Requirements on prepaid access cards. The partnership between the two companies allows…
Cardtronics Appoints New Executive VP
Jeffery Keith has been appointed executive VP with Cardtronics’ Global Operations Group to ensure U.S.-located ATMs dispense cash 24-hours per day. Keith also oversees general management of ATM performance monitoring; cash management; technical support; field service; customer call center; inventory; purchasing; and global vendor relations. Having most recently joined EDC in 2007-which Cardtronics recently took over- Keith served as its executive VP, Business Development. Before this, he served as president of BVIG Financial since 2002, until EDC ATM acquired the company in 2007.
Secopay & Veritec Ink Visa Debit Card Agent Agreement
Veritec two-dimensional matrix technology and mobile banking debit card solutions forged an agent agreement with Secopay. With this, Secopay market Veritec’s “blinx On-Off Debit Card” to the banked and un-banked population. Veritec’s mobile banking software platform processes debit, pre-paid and gift card solutions to debit card issuers and sponsoring organizations and can be deployed on both a closed or open loop processing platform. The card will allow cardholders to send funds to family members instantly anywhere in the world, receive notification on card usages, and turn a card on or off via phone or Internet.
Global Payout to Launch Civilian Payroll Debit Card
Global Payout is launching payroll debit cards to U.S. companies seeking to significantly reduce costs and improve efficiencies in payroll processing to its employees. The company will conduct an outbound telemarketing campaign beginning September 6, 2011 that will include contacting over 12,000 civilian U.S. companies in construction, hospitality, waste management, janitorial and employment agencies. The payroll debit card will enable employees without bank accounts to access cash immediately on payday without the expense and time of cashing checks. Employees will be given a free payroll debit card that can access cash at ATMs nationwide and purchase products and services at merchants or online stores. There will be no monthly service fee, customer service or point of sale fees and the first ATM withdrawal is free for each pay period.
SelectCore Update on Iridium MasterCard
After having launched the reloadable “Iridium” MasterCard in 1Q/10, SelectCore is now disclosing its limited sales outlets have generated considerable revenue. Although the proprietary POS technology that facilitates real-time card activation and reloads has been deployed on only 4,000 company-owned VeriFone terminals in the marketplace, the Company sees this as grounds to continue a nation-wide roll-out once it completes its refinancing. SelectCore deployed the “Iridium” MasterCard as part of its strategic growth strategy to diversify into high-margin financial transaction processing, and markets to millions of un-banked and credit challenged consumers who do not have access to traditional financial services offered by the banks.
Twitpay Social Payments Nails Down Growth Funding
Twitpay social media payment technology now has money to grow thanks to TomorrowVentures and CompuCredit Holdings. Having secured its undisclosed growth funding, Twitpay can expand its existing service offerings and continue its focus on serving nonprofit organizations looking to raise funds directly over Twitter, social gaming developers offering virtual currency and retailers facilitating social commerce. This is in conjunction with its recently announced a partnership with Incomm to offer social gaming publishers access to a customized promotion and lead generation platform designed specifically around the social gaming model. The first social gaming campaign is due out in early 2011. Twitpay ultimately touts itself as a provider of payment systems solutions for social media networks.
IPP of America Expands Network, Changes Name
IPP of America (IPP) retail payment services has acquired AmeraCash Solutions bill payment service provider with a network of over 600 locations throughout the Mid-Atlantic region to significantly expand its retail and biller network. Targeting cash-preferred consumers, the network offers domestic and international bill payment processing, pay by phone technology, international mobile phone top-ups, prepaid wireless and debit cards. Additionally, IPP is changing its name to Softgate Systems to more accurately reflect focus on its technology processing platform; “Retail Payments Exchange.” Finally, the Company is launching its “PayXchange” retail brand across it’s 18,000 retail locations throughout the U.S., over half of which provide bill payment, throughout 2011.