The Nebraska Restaurant Association (NRA) has awarded Heartland Payment Systems its 2009 Allied Partner of the Year Award for the second time since 2005. Heartland is the NRAâs exclusive endorsed provider of card processing, gift marketing, payroll services, tip management and check management services. Heartland and the NRA have been partners since July 2001, only one facet of a larger strategic alliance with 40+ state restaurant associations, the National Restaurant Association and the Council of State Restaurant Associations to help restaurateurs maximize profitability.Details
TSYS payment outsourcing has converted the Norway-based DnB NOR Bank MasterCard portfolio to the “TSYS’ PRIME” card and merchant management solution. TSYS provided the DnB NOR Kort credit-card operator a migration plan for its 2.2 million MasterCard credit cards, following a phased migration of its American Express cards, from a variety of external legacy systems to a single in-house PRIME solution. With support from TSYS, DnB NOR Kort was able to implement a SEPA-compliant solution with the flexibility needed to deliver cost-effective and leading-edge customer services. TSYS assisted the bank with project design, planning methodology and systems integration, helping DnB NOR Kort achieve secure, high-volume transaction processing. An additional 0.7 million cards, including DnB NOR Kortâs VISA cards, will be migrated to the PRIME platform in the final phase of the migration.Details
American Express and employee spend management service Concur have launched
“Concur Breeze” online expense reporting service. For American Express
Commercial Card mid-market clients, the service automates and streamlines the
submission, review and approval of all business expenses â including
T&E, office supplies, advertising, shipping, telecommunications and
more. It streamlines the entire
expense management process by automatically creating expense reports
using electronic data imported from American Express commercial card
products, thereby delivering higher quality, more robust and more
detailed data. By automating the entire process and eliminating the need
for paper receipts, spreadsheets, and lengthy reimbursement cycles,
Concur Breeze reduces the cost, time and hassle associated with expense
reporting â simplifying bookkeeping and helping companies better track
costs and manage cash.
Shan Mehta has been appointed to the Bling Nation management team. In his new role, Mehta will lead Bling Nationâs strategic alliances, will focus on the development of prospective strategic partnerships for the company, and maintaining and expanding existing relationships. Shan was the owner of Detroit-based Evigna promotional merchandise distribution company, where he was instrumental in the acquisition, restructuring and strategic direction. Prior to this, he served as an analyst for New York-based Princes Gate Investors, a Morgan Stanley private equity fund, where he focused on venture investments in enterprise software, storage and semiconductor companies. He also worked as an investment associate at Chicago-based GTCR private equity firm, where he evaluated potential investments in software and service companies, and is a partner at CITG Capital Partners, an investment firm based in Michigan.Details
Following two consecutive monthly gains, with a surge in in April, a consumer confidence boost was led by 18- to 39-year-olds. But confidence declined in May as this group decided to start spending less in May. This resulted in a subsequent 1.1 point drop to 90.4 out of 100 on the Discover U.S. Spending Monitor, a poll of 8,200 consumers tracking consumer confidence and spending intentions, and a 3-point decline in those whom believe economic conditions are improving to 31%. Meanwhile, 52% of these younger consumers rated the economy as poor, an increase of 7 points from the previous month, while older consumers rating the economy as poor increased only three points. Also, those aged 18-39 who felt economic conditions were worsening increased 4 points to 44%; felt their personal finances were getting worse increased 5 points to 44%; while 25% felt their finances were getting better in May, a 1 point drop from the month prior. Overall, 10% of consumers would spend more on discretionary items, a 1-point decline from April; 56% of consumers planned to keep their overall spending flat in the month ahead; a 1-point decline in the number of consumers planning to increase spending in home remodeling or new appliances to 17%; a 1-point decline in the number of consumers planning to increase spending in vacations or furthering their education to 15%; and a a 1-point decline in the number of consumers planning to increase spending in sporting events, restaurants or hobbies to 10%. As 51% of consumers rated the economy as poor in May, 45% feel economic conditions are getting worse, a 2-point increase from the previous month, but 48% expect to have money left over after paying monthly bills, the highest since February.Details
Online shopping site Taobao and Yahoo! JAPAN have launched complementary online shopping services that connect
Japanese consumers with Chinese merchants and Chinese consumers with
Japanese merchants. Japanese consumers can now buy goods from Taobao merchants in China
through Yahoo! JAPAN China Mall, a new website
opened within Yahoo! JAPAN. Chinese consumers can buy Yahoo! JAPAN
Shopping goods through the new TaoJapan website opened as
part of Taobao. Consumers of both countries will be able to buy products
available in the other country exactly in the same way as they normally
shop from e-commerce platforms in their own country, bypassing the usual
barriers such as language, laws, delivery logistics, and payment issues.
Taobao and Alibaba.com Japan Co., Ltd. will jointly operate TaoJapan.
Alibaba.com Japan will serve as fulfillment service provider for Yahoo!
JAPAN China Mall. Yahoo! JAPAN has
approximately 52.11 million unique users monthly and about 2.03 billion
page views daily. It includes search, content, community, e-commerce,
and mobile services among its many services.
E-commerce solution provider Kudzu Interactive for the
casual dining takeout food market, announced a $7
million Series B funding round led by Norwest Venture Partners (NVP).
Additional funding commitments came from existing high net worth
investors. The company has raised $11 million total to date.
Snapfinger enables users to access more than 28,000 restaurants from
leading national chains such as California Pizza Kitchen, Outback
Steakhouse, and Boston Market, as well as local independent restaurants
currently in its network. The product uses location-based technology to
find nearby restaurants and enables the user to order food and complete
the payment transaction in a matter of minutes. Snapfinger is fully
synchronized with the restaurantâs POS (Point of Sale) system, ensuring
order accuracy, real-time menu updates and accurate prep times.
The funding will support aggressive sales and marketing initiatives and
expand the business in a number of different areas, including mobile and
iPad product development and real-time transaction based marketing
features. With todayâs announcement, Josh Goldman and Jeff Crowe,
general partners at NVP, will join Kudzu Interactiveâs board of directors.
The Metropolitan Transportation Authority (MTA), Port Authority of New York and New Jersey (PATH), NJ TRANSIT (NJT) and MasterCard Worldwide launched a six month MasterCard “PayPass” pilot program, beginning June 1st. With this, “PayPass” will be accepted for fare payments on select train and bus routes throughout New York City and New Jersey, allowing riders to purchase fares and transfer between transit systems by tapping a single contactless card or device. The first payment system to link the transit agencies, replacing the need for riders to carry specific fare cards for three separate transit systems, commuters transferring from a PATH train to the New York City subway will need only one “PayPass” payment device for each ride. Specially-equipped payment readers featuring the MasterCard PayPass brand mark and universal contactless symbol have been installed on select turnstiles and fare boxes along these routes to alert commuters that contactless payments are accepted. Both âPre-Fundâ or âPay-As-You-Goâ fare options are available on the MTA and NJT services.Details
E-commerce technology provider has unveiled “Magento mobile”, a new
product that addresses the growing need for merchants to reach consumers
through mobile devices. “Magento mobile” includes deep integration with Magentoâs fast-growing
e-commerce platform, used by more than 60,000 merchants around the
world; and uses PayPalâs mobile payments library to provide a seamless
and fast checkout experience from a mobile device. Unlike other mobile-commerce solutions which simply re-theme a
merchantâs website for mobile browsers (mobile Web), Magentoâs product
transforms a retailerâs product catalog into a fully-functional,
branded, native application which merchants can use to interact and
transact with their most valuable customers in a way unlike any other
channel. Magento is a feature-rich, professional e-commerce platform solution that offers merchants complete
flexibility and control over the presentation, content, and
functionality of their online channel. Magento’s intuitive
administration interface features powerful marketing tools, a
catalog-management engine and is SEO optimized to give merchants the
power to create sites that provide an unrivaled and rich online shopping
experience for their customers, tailored to their unique business needs.
Mobile payment platform provider Zong has created the first
one-click mobile payment solution for Android and is opening a private
beta for developers to integrate this payment option into their
applications. The new payment solution creates a seamless experience for
users who can now make a purchase within an application with just one
click; no registration or log-in is required. The Zong platform
automatically verifies the user, bills their mobile phone account and
returns them to their application or game without delay.
Android developers can visit www.zong.com/android to request an
invitation for the private beta. Approved Android developers will be
able to download the Zong Android SDK for easy integration of in-app
payment. Zong will work with participating developers to ensure that the
software is integrated in a way that optimizes the user experience and
meets the developerâs needs. Zong works with thousands of merchants in popular virtual worlds, online
gaming, social networking and digital content properties. Zong is the
only mobile payments service that combines carrier billing with credit,
debit and prepaid cards and therefore the first company to allow
multiple payment options via the mobile phone. For more information on
the private beta or request an invitation, go to www.zong.com/android.
Integrated Bank core processing, imaging software and payments solutions chose Fifth Third Processing Solutions as a Preferred Partner for electronic funds transfer (EFT) services. OH-based Fifth Third Processing Solutions is one of the payments industryâs oldest and largest electronic processors. Integrated Bank Technology will endorse Fifth Third Processing Solutionsâ services to its financial institution clients. This partnership affords preferred pricing for their core and EFT services; operational efficiencies for financial institution customers; and a high-level of integration for their transaction and card functions. Fifth Third Processing Solutions include ATM terminal driving and monitoring, ATM and debit card transaction authorization and processing, national and regional gateway services, comprehensive ancillary services including fraud detection, card production, and its own “Rewards!” product.Details
Mobile payment provider BOKU has launched a global in-app mobile
billing solution for the Google Android app platform. The BOKU Payments
SDK is a toolkit for developers to easily enhance and monetize any
Android app with in-app purchases via carrier billing. Once BOKUâs service
is integrated into the application, in-app mobile
billing is made immediately available to the applicationâs consumer base
with broad coverage across more than 60 countries with no need for
additional work on the part of the app developer. Some of the primary
features available to Android developers through the BOKU SDK include:
Android library for easy integration of BOKU into any new or existing app
1-Tap Purchasing through Carrier Billing;
No User Registration or User Login and Password;
Secure Authentication of the Transaction as part of the BOKU Library
Authentication; and Carrier Billing provided by BOKU Payments for Android.
The SDK library will be available for download to
Android developers who sign up and participate in the alpha program at
www.boku.com/android. To enable the service, developers only need to
download the library and drop it into their app. BOKU has mobile payment
processing relationships with leading game and
application developers around the world, including nearly 100% of the
top applications for virtual goods and currencies purchased on Facebook.