VeriFone Announces EMV Payment Terminals

VeriFone Systems, Inc. announced the introduction of two EMV-ready payment terminals from VX Evolution”its latest line of portable and countertop terminals”to the Kingdom of Saudi Arabia market with its partner, International Turnkey Systems Group (ITS), an integrated IT solutions and software services provider. “VeriFone is committed to providing leading edge, certified terminal solutions to meet the needs of our clients in key markets”

Details

Banco de Credito del Peru Inks Deal with Diebold

Diebold is adding more than 1000 new Opteva automated teller machines (ATMs) to Banco de Credito del Peru’s (BCP’s) fleet to expand Peruvians’ access to BCP’s services. Diebold is also providing maintenance services to ensure greater availability of BCP’s entire multivendor fleet of about 1,800 ATMs. BCP has earned a number of awards for delivering innovative banking solutions to the people of Peru. Diebold’s deposit automation technology adds to the bank’s mission to serve the country’s underbanked, many of whom have very limited access to branches. The technology enables BCP ATM users to make envelope-free cash and check deposits at the ATM, replacing traditional in-branch teller transactions with convenient self-service transactions.

Details

Digital River adds bitcoin payment option

Digital River Commerce-as-a-Service solutions added bitcoin as a payment option for merchants that are selling online in the United States and using its small to mid-sized commerce solution. Bitcoin will now be available along with other international payment options, such as credit and debit cards, wire transfers, bank transfers and third-party wallets. Digital River’s small to mid-sized ecommerce solution provides online merchants with multiple platforms and tools to successfully build, manage and grow profitable ebusinesses on a worldwide basis. Priced affordably, the solution is based on a do-it-yourself ecommerce model with short click-through contracts, global ecommerce features and customizable e-store set-up options.

Details

PayPal in 200 Markets

PayPal, a leading global payments provider, announced plans to introduce services into 10 new markets including Belarus, Cameroon, Côte d’Ivoire, Macedonia, Moldova, Monaco, Montenegro, Nigeria, Paraguay, and Zimbabwe. These 10 new markets will be able to register for a PayPal account and start making payments on millions of websites around the world without the worry of entering their credit or debit card details online. PayPal gives people simpler ways to send money without sharing financial information, and with the flexibility to pay using their account balances, bank accounts or credit cards.

Details

VeriFone Way2ride in Philly

VeriFone Systems, Inc. announced today that taxi passengers in Philadelphia can now use Way2ride to quickly, easily and securely pay for taxi rides with a tap of their smartphones. Way2ride makes the taxi experience faster and easier for passengers in Philadelphia by enabling them to tap and pay for cab fares in 1,400 of the 1,600 taxi cabs currently operating in the city. VeriFone Systems, Inc. is the global leader in secure electronic payment solutions providing expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets.

Details

Petition Strong to Overturn Card Swipe Settlement

The National Retail Federation and the Retail Industry Leaders Association asked an appeals court to overturn a federal judge’s approval of a controversial lawsuit settlement over Visa and MasterCard’s credit card swipe fees, saying it was negotiated by only a handful of merchants and would do nothing to bring the fees under control. Both organizations filed notices of appeal with the 2nd U.S. Circuit Court of Appeals in New York earlier this year, and followed up today with a joint brief asking the court to overturn a December 13, 2013, ruling by U.S. District Court Judge John Gleeson. The district court approved the antitrust settlement even though NRF, RILA and other opponents argued for more than a year that it failed to reform the price-fixing system under which Visa and MasterCard set fees for credit cards issued by thousand of banks. Rather than lower the fees, the card companies proposed in the settlement that they be passed along to consumers as a surcharge. Major retailers rejected the surcharge proposal, saying it was the opposite of what they had sought.

Details

Intuit closes Check acquisition

Intuit has completed its acquisition of Check mobile bill pay tfor $360 million. This will accelerate Intuit’s ability to offer bill pay across small business and personal finance products and create opportunities to retain, attract and serve additional customers. Check’s highly-rated mobile app automates and consolidates the bill pay process all in one place, reducing the complexity for its 10 million registered consumers. Check customers can monitor bills and accounts, receive alerts when bills are due or funds are low, and pay bills automatically.

Details

Worldpay Inks Referral agreement with 5Linx Enterprises

Worldpay US payments processing has entered into a referral agreement with 5Linx Enterprises. The agreement will allow 5LINX to promote Worldpay payments processing products and services to merchants. The expansion of its relationship will give 5LINX and its Independent Marketing Representatives a concentrated approach to Worldpay markets. Our Representatives and customers will benefit from offers tailored to our 95,000 members.”

Details

BancaStato Announces Latest Implementation

The Avaloq group has successfully migrated Ticino Cantonal Bank (BancaStato) to the B-Source Master, the Swiss Business Process Outsourcing (BPO) platform based on the Avaloq Banking Suite.BancaStato has successfully been migrated to Avaloq’s Swiss BPO platform, the B-Source Master based on the Avaloq Banking Suite. The going live was on 1 April, 2014 after a project time of 18 months. The bank decided for the Avaloq group due to its many years of experience in back office operations, the state-of-the-art platform and the innovative web and mobile banking solutions. The Avaloq group also provides BancaStato with new solutions in the area of credit business and fully automated processes for the cashier desk. The solution excels through its high usability designed for easy and comprehensive interaction between the bank and its clients.

Details