Wallaby Launches Chrome Extension for Credit Card Recommendations

Wallaby announced the launch of its Google Chrome web browser extension that expands Wallaby’s market leadership position in credit card optimization solutions. The Wallaby Chrome Extension is included in the roll out of Wallaby Version 3.0 for iPhone – the most significant update to the popular and award-winning mobile app since its launch in 2012. Through the extension, Wallaby users easily identify which of their credit cards they should use for online purchases at a wide selection of merchants including Amazon, eBay, Staples, and Best Buy.

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SIX Payment Services and MasterCard Launch MasterPass

SIX Payment ServicesSIX Payment Services and MasterCard will jointly provide the wallet payment platform MasterPass for card issuing banks. The digital wallet simplifies payments on the internet and offers financial institutions in Europe an advanced payment solution for digital e-commerce and m-commerce. By the end of 2014 all holders of payment cards issued by Swiss banks will be able to use MasterPass to pay for online purchases on their PCs or mobile devices such as smartphones and tablets. With MasterPass, users no longer need to enter their address details or credit card number for each online purchase; they store them in their wallet. It doesn’t matter if the card comes from MasterCard or another provider, from then on consumers can pay more easily and quickly online without having to register with each new retailer or enter card and delivery details for each transaction. MasterPass cuts online payments to just a few clicks.

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Europe to Slash Credit, Debit-Card Fees to 1/7 What American Merchants Pay

American merchants, gouged by banks on exorbitant credit- and debit-card fees, applaud the European Union for Thursday voting to cap card fees at a seventh of what U.S. retailers pay their banks. The European Parliament approved a 0.3 percent cap on the “swipe” fee paid by merchants when a customer uses a credit card. In the U.S., by contrast, Americans pay the highest swipe fees in the world, between 2 and 4 percent per transaction, or between $2 and $4 on every $100 worth of groceries, gasoline and everything else they buy. Members of Parliament also put a seven-Euro-cents cap (a dime in U.S. currency) on debit card transaction, or 0.2 percent of the transaction value, whichever is lower. For U.S. debit cards the banks in the U.S. can charge almost a quarter, which means Americans also pay the highest debit-card swipe fees in the world. The Merchants Payments Coalition – UnfairCreditCardFees.com coalition collectively represent about 2.7 million stores with approximately 50 million employees.

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Verifone Fashions mPayment for Visa Network

VeriFone announced five devices in its “PAYware Mobile” line of EMV- enabled mPOS devices have been approved by the Visa Ready Program. The program is designed to ensure that devices, software and solutions used to initiate or accept Visa payments are compatible with Visa’s requirements. By adopting “PAYware Mobile” devices that are Visa Ready approved, merchants enjoy the benefits of secure electronic payment acceptance from virtually any location. PAYware Mobile solutions from VeriFone are innovative mPOS devices that enable retailers and merchants to extend the POS to new environments. PAYware Mobile devices feature universal, PCI compliant mPOS adapters that transform smartphones and tablets into completely secure devices that can accept contactless, chip and PIN and traditional mag-stripe card payments. Some devices also accept NFC payments and feature high-end barcode scanning for additional functionality such as remote inventory management, checkout and access to product information.

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Equifax Partners with mCommerce Company Jumio

Equifax Inc. today announced its partnership with Jumio, an industry leader in the mobile commerce space that specializes in payments and ID scanning and validation products for mobile and web transactions. The companies will be working together in developing a series of solutions that will create a more streamlined, secure mobile transaction process for both consumers and retailers. The solutions will also be integrated with the Equifax Mobile Wallet functionality, allowing consumers to access their cards on their mobile device to use for purchases. Shoppers can choose to either scan their credit card with their smartphone, or utilize their smartphones in-store at the checkout counter to complete the transaction.

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MasterCard Reports 40% GDV Growth in APMEA

MasterCard reported a growth of 40% in gross dollar volume, or GDV, for its prepaid card business across Asia/Pacific, Middle East & Africa (APMEA) for 2013 (y-o-y). The momentum for prepaid growth is expected to continue given the potential for driving further financial inclusion in emerging markets as well as the increasing cross border and e-commerce transactions.

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JetPay Appoints New Board Member

JetPay Corporation appointed Diane (Vogt) Faro to its Board of Directors. With a career of over 30 years in the payments industry, Faro brings executive expertise in management, sales, and the merchant acquiring and Independent Sales Organization sides of the payment business. Faro is currently President of National Benefit Programs (“NBP”), a provider of discounted business services, as well as a private consultant to the payments industry. Previously, she served as President of Global Merchant Services at First Data Corporation, which processed over $30 billion in transaction volume resulting in over $100 million in annual revenues. Ms. Faro was the CEO of Chase Merchant Services, LLC-from 1997 to 2002. Chase Merchant Services, an alliance between First Data Corporation and J.P. Morgan Chase, was the largest merchant acquirer in the world at that time.

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ControlScan and iScan Online Partner on mPayment Security

ControlScan partnered with iScan Online to address the security issues caused by consumer-grade mobile-device use in the small to mid-sized business (SMB) environment. Widespread, business-level adoption of tablets and smartphones has drawn the attention of hackers. According to IT security vendor Kaspersky, there are 10 million malicious applications circulating for Android devices alone. In partnership with iScan Online, ControlScan created ProTect Mobile™, a powerful tool for securing Apple iOS and Android mobile devices. ProTect Mobile is a single-source scanning solution for security vulnerabilities, faulty configurations and sensitive data such as credit card information, social security numbers and protected health information (PHI). Device integrity and management features are also included, allowing the business owner to spot a critically vulnerable “jailbroken” or “rooted” device, and to locate, lock and wipe a device that has been lost or stolen.

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USA Tech Integrates Payment Services in Vending

USA Technologies wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries, introduced its streamlined Integrated Payment Services model, USAT’s newest approach to serving the needs of today’s more complex vending businesses. As an evolution of USAT’s market leading ePort Connect service, Integrated Payment Services extends ePort Connect across multiple aspects of a self-serve business to position operators for better business efficiencies, reduced cost and a heightened customer experience. This includes traditional vending, micro-markets, office coffee services and direct store deliveries, dining Services and back office/online payment.

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AnywhereCommerce names Debra McAteer VP sales

AnywhereCommerce, a global payments technology provider, has named Debra McAteer as vice president of sales for US resellers and ISOs. McAteer will oversee the company’s channel initiatives, and work directly with AnywhereCommerce’s network of merchant acquirers, ISOs and payment processors across the country. Prior to joining AnywhereCommerce, McAteer served as vice president of sales for major accounts at Equinox, where she spent the past 13 years. Prior to her time at Equinox, she served in sales capacities at Linkpoint, and at First Data.

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JetPay Offers OneCall and JetPOS

JetPay® Corporation and its payments division, JetPay Payment Services, will be presenting two new JetPay solutions — OneCall™ and JetPos™ — at Transact 14, the Electronic Transaction Association’s (ETA) 2014 annual convention. Both solutions are designed to help merchants and ISOs increase their bottom line. JetPay’s OneCall™ program, a certified American Express® OptBlue™ participant, has been live since November, 2013. JetPos™ is the other new JetPay product being introduced. JetPos™ is a specialty payment product designed for the restaurant industry.

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American Express Integrates ReceiptMatch App

American Express OPEN, the small business division of the financial services company, and Intuit, announced the launch of ReceiptMatch with QuickBooks. This mobile and desktop integration is designed to help small businesses seamlessly sync Business Card expenses with QuickBooks, helping to alleviate end-of-the-month pileups of expense receipts. ReceiptMatch, the mobile app and web-based service that launched last year, helps small business owners reconcile receipts with their American Express Business Card online account on-the-go. The new feature will close the gap between the time when the Business Card is swiped for a purchase and the expense is entered into QuickBooks. This will mark the first time a Business Card will be integrated directly into QuickBooks. Moreover, as businesses rely on their Business Cards to make large ticket purchases, the integration will help make for a faster and easier accounting process.

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