USA Technologies Recognized by Frost & Sullivan

USA Technologies wireless, cashless payment and M2M telemetry solutions has been awarded the Frost & Sullivan 2014 North American Customer Value Leadership Award in Financial Services and Retail M2M Communications. Based on Frost & Sullivan’s Best Practice Research findings, each year Frost & Sullivan presents this award to the company that has demonstrated excellence in implementing strategies that proactively create value for its customers with a focus on improving the return on the investment that customers make in its services or products. The award recognizes USA Technologies’ inordinate focus on enhancing the value that its customers receive, beyond simply good customer service, leading to improved customer retention and, ultimately, customer base expansion.

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Boku Signs Global Mobile Payments Partnership with Deutsche Telekom Group

Boku carrier billing-based mobile payments signed an agreement with Deutsche Telekom Group mobile network operators. This expands on a previous agreement between the two in Germany, Deutsche Telekom’s primary market, to cover the MNO’s entire user base in Europe of over 140 million subscribers across 14 different markets. The agreement establishes Boku as a strategic partner powering Deutsche Telekom’s payments offerings, provides the company with an advanced mobile payments API, and gives customers the ability to pay for digital goods and services simply using their existing mobile phone account. Merchants offering carrier billing-based mobile payments will generate incremental revenue from consumers who find mobile the easiest way to pay, and attract new consumers who previously were unable or unlikely to pay via other payment options, such as credit and debit cards.

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MasterCard Partners telco KDDI for Prepaid Cards

MasterCard partnered KDDI mobile operator to launch “au WALLET” prepaid card program for 34 million au-brand mobile network subscribers beginning May 21. The au WALLET card will enable KDDI’s “au” mobile network subscribers to enjoy safer, easier, and more rewarding payment options at any merchant that accepts MasterCard payment cards, either offline or online, in more than 210 countries. In particular, cardholders will be able to shop with ease, assured that their expenditure will remain within the pre-loaded amounts. The au WALLET card will be easily obtainable without any credit evaluation and can be reloaded at au shops or online. Cardholders will receive au WALLET Points for every purchase made with the card, redeemed when paying au phone bills or making other shopping payments.

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Discover’s Pulse Q1

The PULSE network remains the key driver of payments transaction volume for Discover Financial Services (DFS), growing 5% year-on-year (Y/Y) in the first quarter (Q1/2014) to $41.9 billion, representing 54% of Discover’s network total volume. Overall, DFS’ network volume is up 4% Y/Y to $77.38 billion. The most robust payments business for DFS is its Network Partners segment, up 6% Y/Y in Q1/2014, followed by the Proprietary segment, up 3%. However, DFS continues to struggle with its Diners Club international segment, which slipped down 2% Y/Y in Q1/2014.

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UPI & CITS

China UnionPay International (UPI) has inked a cooperation deal with Beijing-based China International Travel Service (CITS) to offer special perks to China UnionPay cardholders traveling abroad. Under the CITS agreement cardholders who purchase the outbound travel products of CITS with a UnionPay card (with a card number starting with 62) and purchase with a UnionPay card at the designated destinations overseas during the trip can not only be exempted from the currency conversion fee equal to 1% to 2% of the transaction amount, but also receive a special reward valued up to 6% of the transaction amount.

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INSIDE Secure Launches New EMV-ready MicroPass Solution for US Payment Cards

INSIDE Secure announced the availability of its new EMV-ready MicroPass® solution for US contact and dual interface payment cards. Primarily developed for the US Payment market to foster the success of the payment card migration from magstripe to EMV chip based on cost and interoperability. MicroPass features an optimized operating system (OS) to fit into the smallest possible silicon area, while delivering the highest security level in the industry, Discover, Mastercard and VISA pre-installed and optimized personalization timing (6 times faster than competition) in order to speed-up the personalization equipment yield, and decrease cost. PIN and data sharing in case of multiple applications in the same card, in order to avoid data loading redundancies during personalization, while supporting a user friendly experience to the cardholder (a unique PIN).

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VeriFone Nominates Latest Board Member

VeriFone nominated former Sun Microsystems CEO Jonathan I. Schwartz as a board member at the company’s 2014 Annual Meeting of Stockholders scheduled for June 17, 2014. Additionally, the company announced that both Dr. Leslie Denend, a board member and current board chairman, and board member Jeff Stiefler, will not stand for re-election. If elected, current board member Alex W. (Pete) Hart will assume the role of board chairman. Schwartz has broad technology expertise, and brings extensive operational and strategic experience as a chief executive officer to the VeriFone board. He is currently president and CEO of CareZone, Inc., a mobile application for family caregivers, which he co-founded in 2010.

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American Express to Open Fifth Centurion Airport Lounge

American Express announced its intent to open its fifth Centurion Lounge in Miami International Airport (MIA). American Express will open an approximately 8000 square foot Centurion Lounge at Miami International Airport. The Lounge will feature locally-inspired cuisine and cocktails from award-winning talent, a spa with complimentary treatments and a family room. Card Members will enjoy access to high-speed Wi-Fi, personal computers and noise-buffering workspaces. More details on the culinary team and specific menu offerings will be available closer to the opening of the Lounge.

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ChannelAdvisor and Yahoo Co-Host Webinar on Buying Behavior

ChannelAdvisor cloud-based e-commerce solutions will co-host a webinar with Yahoo titled ” Deconstructing Digital Daily Habits: A Deeper Understanding of How Gen Y/Z Affects Online Advertising ” to educate retailers on how to best attract and retain customers in today’s evolving world of digital media and mobile. Sheridan Orr, ChannelAdvisor’s senior manager, product marketing, and Edwin Wong, Yahoo’s senior director of B2B strategic research and insights, will discuss the latest trends and outcomes of a Yahoo study. The research reveals why daily habits matter for Gen Y/Z and how macro trends are influencing the lives, behaviors, and shopping patterns of the largest online buying community.

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BorrowersFirst P2P Lending Secures New Funding

BorrowersFirst has secured equity and debt funding from SF Capital Group. BorrowersFirst solutions include Connected Credit for fast, friendly, transparent, responsive service, Custom credit scoring and an advanced lending platform can easily integrate into partner or corporate sites. This makes it easier for consumers to “connect to credit” at home, at work, and even through their jobs, as BorrowersFirst customizes employee lending initiatives with large employers.

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