Sam’s Club Implements Chip Card Payment Acceptance

The Sam’s Club 5-3-1 cash back program on its new co-branded MasterCard, issued by GE Capital Retail Bank, is available to qualifying Sam’s Savings, Sam’s Business and Sam’s Plus members in the U.S. and Puerto Rico. The new Sam’s Club MasterCard comes with enhanced credit card safety, a top concern for today’s shoppers. Sam’s Club is the first mass retailer to actively implement chip-enabled technology. Each credit card has an embedded chip that makes the card more difficult to duplicate, which provides enhanced security from fraudulent activity. Sam’s Plus members have access to earn up to $500 annually through Cash Rewards on top of earning up to $5,000 annually when they use the co-branded Sam’s Club MasterCard.

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Ingenico restructures operations for online and mobile commerce

Ingenico unveiled its new brand platform and new visual identity, reflecting the evolution of its business and a transition beyond payment terminals. The Ingenico group has structured its offering around three brands operating internationally: Ingenico Smart Terminals, Ingenico Payment Services and Ingenico Mobile Solutions, and also involves Ogone. Through Ingenico Payment Services, Ogone will now be able to cover the whole payment value chain on all sales channels: online payment services, multi-channel payment solutions, transaction management and marketing services (loyalty, etc.). This will also enable Ogone to accelerate the geographical expansion of its online payment business where the company established itself as the European leader from its inception in 1996.

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Cumberland Building Society Deploys NCR Alaric Paym

NCR Corporation announced Cumberland Building Society has deployed its Paym mobile payment service using Authentic and Fractals software from Alaric. The deployment is an extension to the existing relationship between NCR and Cumberland Building Society where Alaric’s flexible and highly configurable Authentic and Fractals solutions are already used to process and protect payment transactions. This includes Cumberland Building Society’s ATMs, internet banking and now mobile payment channels, as well as when Cumberland Building Society customers use the LINK ATM network or use their Visa debit cards. The Paym service allows consumers to make secure, convenient payments to account holders of other participating banks or building societies using only the recipient’s mobile phone number. No need to know, or remember, sort codes or account numbers. The Fractals intelligent fraud detection and prevention solution delivers value to issuers, acquirers, processors, networks, PSPs, ISOs and merchants, for all product types, including credit, debit, prepaid or gift cards.

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Tsys Mexico supports Multos smartcard platform

Multos International announces that Total System Services de México (TSYS), one of the largest financial services provider for credit/debit card issuers, will use its MULTOS chip card technology solutions in their latest EMV services offering to support banks and financial institutions. The new product launch includes support for a full range of technology options from SDA to DDA/CDA and dual interface, utilising MULTOS technology with payment applications from Multos International, approved by the major payment brands. TSYS solutions simplify the entire process for their issuer customers providing them guidance along the full cycle from product planning to final production.

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Visa Establishes Prepaid Card Standards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa announced a new designation for consumer reloadable prepaid products in the US, aimed at simplifying fees, improving consumer protections and creating opportunities for cardholders to improve their financial health. The designation was developed in conjunction with industry thought leaders the Center for Financial Services Innovation (CFSI) and The Pew Charitable…

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Sam’s Club 5-3-1 Co-Branded MC

Sam’s Club today announced a credit card cash back program that gives members the opportunity to earn 5 percent cash back on fuel, 3 percent cash back on dining and travel, and 1 percent cash back on all other purchases, up to $5,000 annually. The new Sam’s Club MasterCard comes with enhanced credit card safety, a top concern for today’s shoppers. Sam’s Club is the first mass retailer to actively implement chip-enabled technology. Each credit card has an embedded chip that makes the card more difficult to duplicate, which provides enhanced security from fraudulent activity.

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Citi / AAdvantage & MasterCard Priceless Campaign Kicksoff

Citi, American Airlines and MasterCard partnered to deliver a special performance by Grammy and Emmy Award-winner Justin Timberlake for their cardmembers. Timberlake will bring cardmembers a truly priceless experience through the Citi® / AAdvantage® & MasterCard Priceless Access with a Justin Timberlake™ performance that is reflective of the exclusivity, benefits and access cardmembers are provided. Cardmembers also have an opportunity to enter a social sweepstakes by using #PricelessAccess for a chance to win a flyaway package to attend the NYC show. Click here for the rules and how to enter. In addition, beginning today, Citi® / AAdvantage® members can visit www.aadvantageauction.com to bid on a flyaway package to the event using miles. The Citi® / AAdvantage® MasterCard also provides cardmembers special access to over 10,000 events annually through Citi Private Pass.

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Ingo Money Names Former Citi Exec EVP

Ingo Money announced the addition of Dickson Chu as executive vice president, Corporate Development and chief product officer. In this role, he will lead the company’s strategic corporate development efforts and oversee the evolution and development of Ingo Money’s product roadmap and user experience. Chu brings over 25 years of leadership experience in financial services technology, digital payments and marketplace innovation. An accomplished general manager and innovator, Chu most recently served as investor and active advisor to a number of emerging companies. Previously, Chu served as senior vice president, Merchant Solutions at LivingSocial, evolving the company’s strategy to create a new merchant-focused business line. He also spent nearly two years at Citi as managing director, Digital Networks in the Global Enterprise Payments business unit, where he was responsible for the development of global e-commerce and m-commerce capabilities, as well as the development and launch of Citi’s Google Wallet platform. Before joining Citi, Chu spent six years at PayPal, most recently serving as vice president and head of Global Products and Experience. In this role he led product strategy, development and user experience design for millions of consumers and merchant customers, having previously served as global general manager for PayPal’s Global Merchant Services business, which he helped grow from $60 million to more than $1 billion.

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oti Launches Trio Modular Payments Reader

On Track Innovations NFC and cashless payment solutions introduced its standards-certified Trio modular reader three-in-one payment solution. oti’s Trio, an innovative modular reader for the cashless payment industry, provides multiple payment options in unattended market segments, such as vending machines, self-service laundromats and car washes. The reader works with magnetic stripe cards, contactless payment solutions and secure credit/debit/prepaid cards with built-in EMV smart chip compatibility. The multiple payment solution evolved from oti’s field-proven Saturn 6500, a panel mount reader designed for indoor and outdoor installations. The oti Trio is an innovative, cost effective reader that can be purchased and installed using a modular approach, allowing self-service operators a variety of configuration options. Each target market for the Trio currently has millions of legacy coin-operated machines that eventually will be upgraded to solutions that allow for cashless payment solutions.

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PrestaShop Expands Authorize.net Parnership

PrestaShop has expanded its partnership with Authorize.Net, a premier payment provider to over 400,000 small to medium sized merchants globally. This collaboration now allows PrestaShop merchants with an Authorize.Net account to process payments in multiple currencies. With Authorize.Net’s ability to process multiple currencies, PrestaShop merchants with operations in the United Kingdom, Australia, New Zealand, United States, Canada and across Europe can accept payments in local currencies. By providing its merchants with the ability to process transactions in their local currency, PrestaShop offers more choices for securely accepting payments in these new markets.

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