Payvment Facebook shopping has unveiled its new application programming interface (API). This allows retailers to easily import inventory to its Facebook page in order to offer these items for sale to Facebook’s half billion members, whom are 41% more likely to recommend a consumer product and 28% more likely to continue using it. A Facebook Fan spends $71.84 more per year than a non-Fan and is worth on average $136.38. Payvment enables retailers to offer Facebook Fan discounts – a powerful way for retailers to build a fan club, and increase loyalty and sales. If a user “likes” a retailer’s Fan page, they can offer an immediate discount that is built right into the Payvment shopping cart. Payvment’s “Share” feature gives Facebook users the option to tell their Facebook friends about an item they like in your store via their Facebook News Feed. It also includes a link back to one’s Facebook store.Details
Semtek and RBS WorldPay payment processing have inked multi-year agreements to supply end-to-end security services and infrastructure for US merchants. Semtek’s “Cipher Decryption Service” (CDS) is being installed on RBS WorldPay’s host systems to capture transactions that have been encrypted in multiple formats. POS encryption occurs entirely within the Tamper Resistant Security Module of the payment device or at the encrypting read head and no decryption occurs until the transaction is within the RBS WorldPay host environment. The “Cipher Security Solutions” involve POS device encryption applications, software security, and network services, create a continuous security loop originating when a card is used to when a transaction is complete.Details
Bank Freedom is now offering surcharge-free ATM access through the MoneyPass ATM network, giving prepaid cardholders access to over 19,000 nationwide surcharge-free MoneyPass ATMs. Previously cardholders paid a surcharge-fee to the owner of the ATM machine every time they withdrew cash. Surcharge-fees can range between $1 and $3.50 per ATM transaction. Now when a Bank Freedom prepaid cardholder uses any of the 19,000 plus nationwide MoneyPass surcharge-free ATMs they will save the $1 to $3.50 surcharge-fee charged by the ATM owner. Bank Freedom provides financial services in the prepaid card industry for the estimated 60 million underbanked Americans while MoneyPass is a network of Elan Financial Services, one of the nationâs leading providers of comprehensive ATM and debit card processing solutions for financial institutions.Details
The federal anti-trust litigation commenced by Sightline Payments against Global Cash Access Holdings innovative cash access solutions and data intelligence for casinos has been dismissed. The judgment concluded Sightline Payments’ allegations were not supported by sufficient facts to establish a plausible entitlement to relief and Sightline Payments’ allegation concerning GCA’s market share, patent rights, agreements with vendors and its agreement to disassociate itself from Sightline’s President were all insufficient to support antitrust claims. Judge Pro dismissed Sightline Payments’ Complaint in its entirety.Details
Duane Reade stores are now carrying “JustAsk” Pre-paid Gift Cards, providing college kids deals every time and saving parents money. In fact, 93 percent of customers save more than the cost of their pre-paid cards after only two service requests! Not only that, JustAsk personal savings assistants can save students time and effort and they’re available 24/7 by telephone, e-mail, online, or smartphone. In addition, JustAsk services include a host of online resources such as how-to videos, recipes, local news and events, local Yellow Pages and TV listings. There is also an “Ask a Question” search engine, which should come in very handy for college students away from home. It comes in denominations of $10 and $20.Details
MO-based Jack Henry & Associates reported that second quarter total revenue was up to $227.8 million from the $191.9 million in the same quarter a year ago. Gross profit increased to $95.1 million compared to $79.3 million in the fourth quarter of last fiscal year. Net income rose 14% compared to the prior fiscal year to $117.9 million. For the first half of fiscal 2010, total revenue of $393.2 million was generated compared to $373.3 million for the first half of fiscal 2009 while Total revenue increased 12% compared to the prior fiscal year to $836.6 million and gross profit increased 15% to $345.1 million. Net income rose 14% compared to the prior fiscal year to $117.9 million. For complete details on Jack Henry’s latest performance visit CardData (www.carddata.com).
Chartis is expanding “Specialty Risk Protector” professional liability and data network security insurance solution developed by its Executive Liability division, to give customers access to additional protection for critical network security and privacy risks, greater flexibility in managing data breach events, and new tools to prevent losses. Drawing on experience with network security and privacy liability exposures, the Chartis insurers are now offering a variety of cutting-edge enhancements to Specialty Risk Protector. This includes assessments levied by credit card associations as a result of security or privacy breaches.Details
Retail Solutions has completed an agreement with Datalliance to transition Datalliance Sales Insight customers to Retail Solutions. Retail Solutions operates its Software-as-a-Service (SaaS) platform to transform retailer data into timely and actionable insights. Over 350 customers, including 20 of the top 25 global CPG companies, leverage its complete suite of solutions to address issues such as on-shelf availability, promotion effectiveness, new product introductions, forecasting and replenishment, in-store personnel productivity and category management.
Datalliance operates the most widely used SaaS Vendor Managed Inventory (VMI) platform, supporting thousands of locations and millions of SKUs for CPG, retail, heavy duty, industrial and healthcare suppliers and their trading partners.
Thomas Fell will take over the responsibility of Wincor Nixdorf AG’s worldwide IT business in the retail industry. Most recently with Pironet NDH AG, where he lead the sales activities of the Software Solutions and Retail business areas since April 2009 as a Member of the Board of Directors, Fell was as Managing Director at IBM Germany heading the business for medium-sized companies. He holds a Master Degree in Business Administration from the university in Mannheim and began his professional career in 1993 at IBM in Frankfurt. He will assume his role November 1.Details
Regions Bank “CheckCard” consumer, business and private banking customers now have access to “YourPix Studio,” allowing them to design their own personalized Regions Visa CheckCard. The Regions “YourPix Studio” is available to any checking account customer, whom can use their favorite photo to personalize their card and business owners can create a customized card displaying their companyâs logo. Customers can also select from a wide variety of designs available through the Regions YourPix StudioÂ® image gallery. Regions “CheckCard” holders also can enjoy “Regions SafeGuards” security features and fraud protection; the “Regions Relationship Rewards Program,” offering customers rewards points; and
Worldwide access anywhere Visa Debit Cards are accepted.
Ceridian Stored Value Solutions (SVS) gift card, promotion, and loyalty provider, is bringing precision marketing and payment controls to retailers through the use of SKU based decisioning. In 2008, SVS delivered a market leading stored value promotions platform to its retail clients. With new, patent-pending SKU based technology, SVS is extending this platform to include category, manufacturer, and product level spending controls. Ceridian serves marquee household brands from a variety of industries and manages more than five hundred million card products and processes over one billion transactions annually.Details
Hypercom Corporation announced that Banco Nacional de Costa Rica (BNCR) will deploy more than 13,000 Hypercom Optimum countertop and mobile payment terminals to merchants throughout Costa Rica. The four-year roll out includes the countertop T4210 (dial) and T4220 (Ethernet with dial) and mobile M4230 GPRS, M4240 Bluetooth and palm-sized M4100 Blade. Hypercom’s high security Optimum T4200 and M4200 product family for North America consists of six powerful 32-bit multi-application devices that share the same platform, user interface, and software toolkit to maximize efficiency, application portability, and offer customers a broad range of options to serve any market need. The high security battery powered M4100 Blade weighs in at 7.1 ounces; measures 4.9 inches long, 2.7 inches wide, and 1.15 inches deep; features GPRS and Wi-Fi communications, high-contrast full-color signature capture touch screen; and provides other state-of-the-art features for restaurants, delivery services and other businesses worldwide.Details