Sicap has introduced its cash-in, cash-out mobile money services on specially designed ATMs. The cash transactions are accounted for on the customer’s mobile account, so no bank account or card is required, while for operators Sicap solution constitutes a secure circuit for a variety of money transfer scenarios. The ATMs, can be deployed as a simple prepaid credit channel to the 95% of African mobile users who use prepaid subscriptions and top up on a daily basis. They can be deployed for money remittance services with cash withdrawals enabled, or connected to CRM platforms for automated customer care, or even set up as a means for the unbanked to settle their utility bills.Details
MA-based payment platform provider Aliaswire has received a Notification
of Allowance from the U.S. Patent and Trademark Office for
its patent titled âSecure Authentication and Payment System.â The
company holds counterpart issued patents in China, India, Australia,
Singapore and South Africa. With a priority date of July 2001, the
patent has more than 40 claims
covering a broad range of payment transactions such as P2P mobile
payments, mobile funds transfers, and purchases that take place over
wireless devices. The patent claims encompass Aliaswireâs comprehensive
process for initiating payments through various mobile interfaces,
including mobile applications that reside on a device connected to a
telephone network; SMS text messages; or voice commands. In all cases,
payment routing is completed in a payment network which may include ACH,
EFT or credit card. The company expects the patent to be issued within
the next 60 days, and
has filed two additional divisional patents on January 11, 2010, with a
priority date of July 2001.
Citibank has partnered with Harbour City and Times Square shopping malls to offer credit cardholders Citi “Season of Love” promotional benefits. The Citi “Season of Love” Valentine’s Day-inspired campaign that runs until the end of March 2010 allows credit cardholders to celebrate Valentine’s Day twice; once on February 14 and the lunar calendar date of February 28. Featured benefits include A “Season of Love” Chocolate GODIVA Gem for all Citi credit cardholders who spend more than HK$10 at Harbour City and Times Square during the promotion period; Exclusive “Season of Love” Chocolate GODIVA Gems (18 pieces) purchase offers from GODIVA outlets; Complimentary “Season of Love” Chocolate GODIVA Gems for Citibank credit cardholders who purchase a “Season of Love” vacation package (to the value of HK$2,500 or more) from Travel Experts.Details
CARTES in Asia regional exhibition and high-level congress covering digital security and smart technology, concluded on March 18 in Hong Kong after featuring some of Asia’s most important security, RFID and smart technology innovations. A total of 116 exhibitors, including Advanced Card Systems, MasterCard, Watchdata, STMicroelectronics and VeriFone, showcased some of the industry’s most innovative products and solutions at the event. Over 2,800 visitors and 320 conference attendees from 58 countries participated in CARTES in Asia 2010. As a result of the resounding success of the event, Comexposium is already renewing its commitment for next year. CARTES in Asia 2011 will take place in Hong Kong in March next year. Speakers from major corporations, banks and other security providers delivered compelling presentations on critical security, payment and banking issues for the smart technology and RFID industry.Details
Star Micronics has introduced the “TSP100ECO” receipt printer.
The paper-saving functions of the “TSP100ECO” bring an array of
environmental benefits including an automatic default top paper margin
of 1/8″. The TSP100ECO’s “Operator Prompt” enables users to either Print or Cancel the Print Job
depending on whether the customer prefers a printed receipt or not and
allows the receipt to be reviewed or reprinted at a later time.
In addition to reduced receipt paper usage, the “TSP100ECO” is also
equipped with advanced power saving features which allow for less energy
consumption. These features include a new sleep mode option which
enables the printer to use less power when not actively being used.
Star’s ability to reduce the footprint of receipt paper usage, when used
in combination with the advanced power saving capabilities, makes the
TSP100ECO a comprehensive, environmentally friendly POS printer.
The Card Awards Dinner and Ceremony at The Grosvenor House in London on Tuesday 2nd February 2010, recognised TSYS Managed Services client Nationwide Credit Card’s Customer Service delivery for “Best Achievement in Customer Service” and Home Retail Group Financial Services for Best Technology Initiative of the Year for the Argos and Homebase Cards. This award was for the replacement of Home Retail Group’s card management solution with TS2(R) and other value-added products from TSYS. TSYS clients continue to feature prominently in the nominations, with the Post Office and Bank of Ireland receiving recognition for being finalists, whilst Bank of America won 2 awards and was named finalists in a number of other categories. This is the third consecutive year that a TSYS client has won the Best New Prepaid Card Product of the Year, joining Royal Bank of Scotland and PayPal and Lloyds TSB in prior years.Details
The Card Awards Dinner and Ceremony at The Grosvenor House in London on February 2nd recognized a great many TSYS clients. These clients continue to feature
prominently in the nominations, with the Post Office and Bank of Ireland receiving recognition for being finalists and Bank of America won 2 awards and was
named finalists in a number of other categories. This is the third consecutive year that a TSYS client has won the Best New Prepaid Card Product of the Year,
joining Royal Bank of Scotland and PayPal and Lloyds TSB in prior years. TSYS payment services, offering a broad range of issuer- and acquirer-processing
technologies that support consumer-finance, credit, debit and debt management.
The Western Union Company announced the final results of its offer
to exchange up to $500 million aggregate principal amount of its 5.400%
notes due 2011 for a new series of notes due April 1, 2020. The
$303,671,000 aggregate principal amount of outstanding old notes were
validly tendered and not validly withdrawn in the exchange offer. Upon
settlement of the exchange offer, which is expected to occur on
Tuesday, March 30, 2010, the company will accept $303,671,000 aggregate
principal amount of the old notes; issue to the holders whose old notes
are accepted for exchange a new series of notes due April 1, 2020 in an
aggregate principal amount of $324,921,000; and pay to holders whose
old notes are accepted for exchange cash in an amount equal to the
accrued and unpaid interest to, but not including, the settlement date
with respect to the old notes accepted for exchange and cash in lieu of
any fractional amounts of new notes which result from the application
of the total exchange price.
NCR ATMs has made available the NCR ” SelfServ 28″ fully weatherized, free standing cash dispense ATM. The “SelfServ 28” allows financial institutions to extend their brand by offering ATM services in high traffic off-premise locations. The machine is an ideal complement to a bankâs existing ATM network as it can go wherever a bankâs customers need service, without the need to build a structure to house the ATM, offering both wired and wireless connectivity. The “SelfServ 28” ATM needs only a power outlet to operate has an ultra-low carbon footprint and is designed to be easily deployed and redeployed, allowing a financial institution to enhance its branding efforts with a minimal cost of ownership. It also features self-healing technology that allows the ATM to make minor repairs without a service call, full-motion instructional videos and a modular design to help make servicing easier and ensure maximum availability. NCR SelfServ ATMs have been purchased by more than 900 financial institutions in more than 110 countries around the world since 2008.Details
According to market research publisher Packaged Facts in
“Consumer Payment Trends”, currently 54% of U.S. adults cite cash as their preferred form of
payment. Meanwhile, 68% of American adults have a debit card in their wallet and
67% have a credit card; though only 53% of adults may be considered
active credit card users with transactions in the last thirty days.
The report reveals that the falling percentage
of consumers who have used their credit cards in the last twelve months
indicates that more people are keeping their accounts open for emergency
purposes only while opting to use the equally convenient — and still
popular — debit card instead. More than half of American adults still pay bills with checks due to the
security checks offer when sending payments through the mail and because
they don’t expose consumer accounts to the electronic vulnerabilities
that can be exploited by high-tech thieves. Nevertheless, the
time-consuming disadvantages of checks appear to be outweighing the
advantages, especially as Americans turn increasingly to electronic
forms of payment. Online payments are benefiting from the shift toward electronic forms of
payment, and in many ways they are also helping to drive that shift.
Last year, 27% of U.S. adults — 61 million people — paid their bills
online, a testament to both the robustness of online payments and how
quickly Americans have taken to it as a viable payment option.
eBay has launched two new iPhone apps, the new eBay
Selling and eBay Classifieds mobile apps and April 3, eBay will take mobile commerce a step further, with a new
version of the eBay app for iPad.
eBay is the worldâs leading mobile commerce innovator. With more than 8
million people using their iPhones to shop eBay, the company expects to
generate $1.5 billion in merchandise volume through its mobile platform
in 2010. Thatâs approximately two-and-a-half times the more than $600
million eBay generated in mobile commerce merchandise volume in 2009.
The eBay mobile apps are available in more than 190 countries and eight
languages. And, with the new mobile apps adding more easy ways to sell
on eBay.com and eBayClassifieds.com, buyers have more options than ever
to access incredible value and selection online and find the best deals
in their neighborhood, across the country and around the world.
Transaction Network Services is partnering with Blue Bamboo,
allowing ISOs, acquirers and processors to enable TNSâ Synapse wireless payment gateway
to extend acquiring opportunities to a new segment of
merchants who are interested in using smartphone devices to accept card
payments from their customers. The smartphone solution provides a PA DSS certified Java-based applet
that runs on mobile handsets, enabling mobile merchants to perform
card-swipe transactions on a variety of equipment, including certified
Blackberry, Nokia and Motorola devices. In addition to the mobile phone POS payment solution and device
management via Synapse, TNS will soon be supporting the all-in-one Blue
Bamboo “H50 terminal.” This has a unique modular design giving merchants
the flexibility to accept credit and debit transactions, and the ability
to easily convert the GPRS mobile wireless transaction device to a
Bluetooth, Ethernet or Dial-Up-modem terminal. TNSâ Synapse solution includes wireless network access, account
activation, fast, reliable and secure transaction delivery to most major
processors, web-based merchant and terminal management, customizable
online reporting, and live 24×7 customer service. On a fully PCI DSS
certified processing platform, it offers a broad range of end-to-end
services for ISOs and mobile merchants.