Multicard Implements Neumann Fuel Card Program

Multicard credential solutions, identity management and system integration services implemented a new fuel card program for Neumann Petroleum. With this, Multicard has rolled out the payment system to 130 locations throughout Queensland and New South Wales, Australia. The credit-based fuel cards are used by long-distance trucking fleets and individual consumers alike and can be used to purchase fuel and other items.Customers will be able to apply for the fuel card online, and once an application is approved, a request is sent automatically from Neumann’s ERP system to the Multicard Bureau Service, where a customized transaction card is personalized for the new customer account and each nominated cardholder and mailed out by Multicard. All transactions are batch uploaded from the POS terminal to Multicard Manager.

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CardWeb Gives Carddata Publication Fresh New Look

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Providing the most relevant and reliable figures in the payment industry, CardData, the CardFlash publication focused on payment industry statistics and trends, has been completely redesigned. Not only does the fully-redesigned site provide more extensive, useful and in-depth data, it does so with better looking graphics and images. Refinements are abundant,…

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2011 U.S. Credit Card Chargeoffs 40% Lower Than ’10

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Credit card chargeoffs fell to 5.51% through the end of October, much lower than the 9.20% the year ago period, and are projected to finish the year 40% lower than in 2010. At 11.28% it is nearly double the long-term average of about 6% recorded since the inception of the Fitch…

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Heartland Payment Inks Five-Year ConocoPhillips Contract

Heartland Payment Systems payments processor inked a five-year contract with ConocoPhillips, expanding its Network Services group to continue to authorize debit and credit card transactions. With this, it will also begin settling Visa and MasterCard credit card transactions at ConocoPhillips-branded locations nationwide. The expanded card processing agreement is being supported by a new partnership between Heartland and Barclays Bank Delaware, the U.S. operation of Barclaycard, which will be delivering the payment network sponsorship services for the ConocoPhillips transactions.

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First Data Intros New Online Payment Gateway

First Data electronic commerce and payment processing launched its “Global Gateway e4” online payment gateway. Designed to address eCommerce merchants’ business needs, the gateway offers a safe and reliable solution for card-not-present transactions and includes a comprehensive suite of payment services with the ability to expand payment acceptance globally. The First Data “Global Gateway e4” gives merchants a broader set of processing capabilities, a more intuitive user-interface, greater reporting capabilities and simplified integration, documentation and processes to make them more competitive in today’s marketplace. It also delivers multicurrency processing, Level III support for business-to-business procurement cards, fraud tools and an added layer of security with our TransArmor tokenization solution.

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Intel Implements Inside Secure NFC Solution

Inside Secure semiconductor solutions for secure transactions and digital identity entered into an agreement with Intel Corporation to provide the company with Inside’s NFC products and technologies. This gives Intel access to INSIDE’s software, firmware and core hardware technology for development of future Intel products. In addition, INSIDE will provide Intel’s Mobile Wireless Group with access to scalable NFC solutions based on INSIDE’s MicroRead(R), SecuRead(R) and Open NFC(TM) products. A third-generation product that sets a new standard for ease of integration, the MicroRead NFC controller offers a broad range of NFC options and provides the capacity to support multiple secure element types, including SIM, SE or SD card, to support multiple business models.

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ROAM Data Launches Secure mCard Reader

ROAM Data encrypted mobile card readers and mCommerce platform-as-a-service provider has launched its “G3X” secure mobile card reader. The “G3X” is ROAM’s third generation mobile reader and supports hundreds of devices, from iOS, Android and Blackberry, to PCs and Macs. This lets Merchant Service Providers compete with the best technology for a whole new segment of mobile merchants and small merchants previously untapped, a market that companies like Square are aggressively pursuing. ROAM has sold more than 400,000 mobile reader units to Intuit, North American Bankcard, Sage Payments, NPC, Total Merchant Services, First Data, Chase Paymentech, Global Payments and others.

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USA Technologies Provides Preliminary 2Q/12 Revenue

USA Technologies wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retailing industries expects 2Q/12 revenues of between $6.8 and $7.0 million, an increase of 13% – 17% from year ago figures of $6 million. The Company anticipates processing 25 million transactions during the second quarter, representing volume of $41 million in the second quarter, both of which would represent growth of greater than 50% from the fiscal year 2011 second quarter. The Company earns transaction processing fees equal to a percentage of the dollar volume processed by the Company, which are included as licensing and transaction processing revenues in its Consolidated Statements of Operations.

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Mobile Banking Approaches Vary, Slated for Major Growth

Having evaluated the plans of 10 banks and credit unions that in total hold more than one-third of all U.S. deposit accounts, Fiserv research concluded mobile banking is taking off. Remote deposit capture and mobile person-to-person payments will account for the bulk of mobile investment in 2012, which financial institutions are moving to meet with more robust mobile banking and payment solutions. Nine out of ten of the financial institutions already have a mobile banking offering that provides basic account access, and almost all provide ATM/branch locators, transfers between accounts and bill payment. For 2012, financial institutions plan to focus on delivering remote deposit capture, actionable alerts, which allow recipients to initiate an action such as a funds transfer in response to an alert about a low balance, and additional payment capabilities. Eight of ten surveyed institutions plan to invest in some type of mobile payments in the next 12 months.

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Belly Launches Digital Loyalty Program

Belly digital loyalty program launched offers a unique value proposition for small and medium-sized businesses. Belly replaces traditional ‘buy 10 get one free’ punch cards with a unique loyalty platform that fit each businesses’ personality and connects consumers on a much more personalized level to the places they already love. The company is the first digital universal loyalty program of its kind, offering customers a single loyalty card, instead of a wallet-full and can be downloaded as an iPhone App or Android App. Belly is turning the businesses who use their platform into fans, too. As part of the 30-day, no commitment trial, Belly offers a quick-setup, plug-and-play loyalty platform that makes creating, offering and redeeming benefits as easy as the pie just smashed in the baker’s face.

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Chase Announces Winners in American Giving Awards

Let’s Get Ready (LGR), a non-profit organization that helps gain college access for low-income and first-generation high school students, is proud to announce its second place finish in the first-ever Chase American Giving Awards, hosted by the Emmy Award-Winning Bob Costas last Saturday on NBC. Out of the five finalists, LGR received the second highest amount of votes on the Chase American Giving Awards’ Facebook page, landing them $500,000 in grant money.

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