Sallie Mae Launches Mobile Banking

Sallie Mae savings, checking and money-market customers can now use their mobile devices to check balances, deposit checks, pay bills, monitor spending and transfer funds. Available free for all Sallie Mae banking accounts including CDs, Money Market, and High-Yield Savings plus No-Fee Student Checking accounts available on select college campuses, Sallie Mae mobile banking lets users pay bills on the go, transfer money, and view account balances and transactions; deposit funds with e-deposit; stay informed with text messages; and locate the nearest ATMs.

Details

Chip & PIN Introduced to Canada & USA

Visa and MasterCard are set to deploy EMV Chip & PIN technology to retailers in Canada, with a full North America roll out planned for 2013. This shows a shift in MasterCard and Visa reluctant disposition to publicly confirm or deny suggestions of EMV Chip & PIN usage in Canada and North America. To incentivise merchants to sign up to the Chip & PIN technology, Visa will introduce it’s Technology Innovation Program (TIP) to the USA and remove the PCI Data Security Standard requirement for those merchants who complete at least 75% of the Visa transactions from chip-enabled terminals. Additionally, MasterCard has reassured merchants that any cost of implementation of the EMV Chip & PIN technology will be outweighed by reduced fraud, increased operational efficiency, increased speed at the check-out and flexibility for future applications. With this, Visa will continue to support signature, PIN and no-signature for lower value, low-risk transactions.

Details

99Bill Launches e-payment Platform & mPayment Strategy

99Bill independent third-party payment service joined with its partners recently in Beijing to launch its new ’99Bill+’ payment platform and announce its strategy for mobile payments. Seamlessly linking the end-user’s back-end payment system and 99Bill’s front-end e-commerce platform, clients can embed all kinds of new and innovative applications aimed at improving user experience and speeding up the growth of their business. 99Bill has put great emphasis on developing its industry chain and has over 80 financial institutions with over 300 access points and the Company launched a new mobile payment product that supports multiple operating systems and turns the user’s mobile phone into a portable POS device to carry out remote payment, mobile receipt of incoming funds, management of incoming funds for SMEs and P2P payments.

Details

Epson Launches Cost-Saving 3-in-1 POS

Epson expanded its POS offering, introducing its “TM-H6000IV,” combining greyscale receipt printing, slip printing and check processing in one compact device with a low total cost of ownership (TCO). The “TM-H6000III,” “TM-H6000IV” features improved power efficiency and reduced paper usage to help retailers lower their overheads and a new remote management feature, easy installation and two interfaces onboard. Retailers can shrink their paper usage by up to 31 per cent with the TM-H6000IV’s paper save feature. With USB included as standard in addition to the changeable second interface, retailers have the freedom to switch to a USB environment at any time.

Details

CreditCall EmvX Website Gets New Domain

CreditCall EMV software Kernel developer is fortifying its EMV products website continues to be a valuable industry resource, as well as showcasing the latest contactless innovations in its EMV Kernel portfolio. CreditCall’s EmvX range of Kernels are already deployed on unattended terminals worldwide including vending, parking machines, and ATMs. Most recently the UK’s largest bus operator is using Contactless.LIB to introduce contactless ticket payment.

Details

STMicroelectronics Intros New Wireless, NFC Technology

STMicroelectronics semiconductor is strengthening of its position in the NFC market by extending user’s ability to read, write and transfer information on ST’s dual-interface Memory to a broad range of industrial and consumer applications with its “M24LR64.” The “M24LR64” wireless memory can transmit and receive information from the heart of an application to a smartphone containing NFC technology or to an industrial RFID reader for rapid transmission. Additionally, the “Dual EE” app delivers full compatibility with “M24LR64” wireless memory, connecting an NFC-enabled smartphone to a prototype temperature recorder featuring ST’s unique M24LR64 wireless memory and demonstrates data transfer and storage.

Details

Panini Joins Banking Forum 2011

Panini global payments technology is set to exhibit at Banking Forum 2011, a financial technology event sponsored by the Instituto Internazionale di Ricerca, on September 27 in Italy. Panini will showcase their payments technology, including a state-of-the-art solution for remote deposit capture (RDC), developed in conjunction with Aktive Reply, a Reply Group company and leader in the Enterprise Information Management, with a strong focus on sensible data management and distribution in the financial environment over multiple communication channels, including RDC applications.

Details

Paymark Advises Merchants on Influx of Foreign Cards

Paymark is advising its network is ready to handle the increased payment activity for the 2011 Rugby Cup, but reminds merchants that due to the diversity of international card types and the way they are processed, there will be a few things to keep an eye out for at the point of purchase. It is advising merchants International visitors cannot get cash out with their EFTPOS purchases and will need to use an ATM. Moreover, if an international visitor attempts to use their credit or debit card at an “EFTPOS only” store their transaction will be denied.

Details

AUGUST CONSUMER BANKRUPTCY FILINGS DOWN 11% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] August consumer bankruptcies fell 11% from the year ago period with an overall consumer filing total having dropped to 113,432, from the August 2010 figure of 127,028 consumer filings. So far, each month of 2011 has recorded fewer bankruptcies than in 2010 (knock on wood). These findings, according to the American…

Details

Heartland & Marathon Expand Services

Heartland Payment Systems payments processors and Marathon National Bank of New York are partnering to offer area businesses best-in-class services that will enable them to improve their operations and increase profitability. With this, Heartland will offer Marathon’s clients credit/debit/prepaid card processing with competitive pricing and payroll processing through its “PlusOne” Payroll online payroll management system. Heartland is committed to educating business owners about the complexities of payments processing so they can effectively manage their costs. Heartland is the founder of The Merchant Bill of Rights (MBOR), a public advocacy initiative to promote fair credit, debit and prepaid card processing practices, and recently launched The Merchant Bill of Rights Payroll Act designed to promote fairness and transparency in payroll processing.

Details

American Express Gift Card Now Digital

American Express launched its “eGift Card” virtual gift card to be purchased and used online. With no fees after purchase”including no fees for activation, no fees for checking a balance, no fees for monthly servicing, and the funds do not expire, the “eGift Card” is available for purchase online at americanexpress.com/gift and is delivered to the recipient’s email address within minutes of ordering it. The American Express eGift Card can be redeemed online or via phone at U.S. retailers and restaurants that accept American Express Cards. The American Express eGift Card is available in denominations ranging from $25 to $200.

Details