IZettle and Santander UK announced that iZettle’s Chip & PIN reader will be offered to Santander business current account customers for £59 inc VAT. The price drop will also be combined with a 100 per cent cashback offer after a user completes their first iZettle transaction.iZettle’s card reader is compatible with all major credit and debit cards including MasterCard, Visa and American Express. There are no set up fees or contracts. Customers pay only when they use iZettle. Transaction fees start at 2.75% and reduce to 1.5% for those with a high sales volume. iZettle is currently live in nine markets across Europe and South America. It also provides free analytics tools to help small businesses spot sales opportunities and identify loyal customers.Details
Payleven mobile card payment launched its NFC mobile Chip & PIN card reader to the European market for the second half of 2014. While the major mobile phone manufacturers and card providers have already started to implement NFC to enable consumers, the merchant side NFC-terminals have to date been costly and uncommon in everyday use for most UK smaller business owners. With the launch of the new device, payleven will remove this barrier through a competitively priced unit, aimed specifically at SMEs. NFC transactions in the UK are becoming increasingly common, with over 35.9 million contactless cards in circulation in the UK, used to make 8.5 million contactless transactions each month, according to the UK Cards Association. The new card reader combines mobile CHIP & PIN technology for debit and credit card payments with NFC, allowing payleven customers to accept contactless payments wherever they are. It will be offered for a much lower price than other NFC card readers currently on the market and will significantly broaden the potential for smaller businesses in the UK to accept NFC card payments.Details
Barclaycard Business Solutions launched a new product, Fuel+, which could help companies cut an average of a quarter off their business fuel costs1 by improving the way they manage fleet fuel expenses. Fuel+ is designed to help both drivers and fleet managers and combines a fuel expenses Barclaycard with a mileage capture and audit system, developed by TMC. The Fuel+ Barclaycard, with global Visa acceptance, allows drivers to refuel at almost all petrol forecourts in the UK2 while the TMC mileage system gives fleet managers complete visibility of their staff’s fuel spend and reduces costs by streamlining and automating processes.Details
NCR announced that Cumberland Building Society will be migrating its NCR ATMs to Windows 7. Cumberland Building Society is achieving this by deploying NCR Financial Services solutions, thereby improving the overall customer experience and maintaining its position as one of the U.K.’s most innovative financial institutions. Cumberland Building Society continues to expand its network of NCR SelfServ 25 ATMs in additional branches across the region. The provision of these advanced ATMs aims to improve customer service with better availability and access to services for their members. Issuing contactless EMV payment cards, rather than traditional EMV cards requires an upgrade to the chip to handle contactless transactions. There are other benefits that migration to Windows 7 can afford financial institutions such increased operational efficiency, as installation and maintenance take less time, and the ability to support the most innovative, up-to-date hardware.Details
Banco del Tesoro will be installing 200 new CINEO ATMs from Wincor Nixdorf by July of this year, doubling the number of systems in its ATM network and supporting its growth strategy. The order placed by Banco del Tesoro with Wincor Nixdorf also includes software to enhance security and manage the systems. At many of the systems, the bank’s customers will be able to do far more than simply withdraw cash. For instance, they will be able to use the multifunction systems to deposit cash and checks and process passbooks. They will also be able to use them to pay bills quickly and easily by scanning in all invoice information via a barcode reader and acknowledging the credit transfer with a tap on the touchscreen. Wincor Nixdorf will integrate the software for these services by the fall of this year.Details
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express signed an agreement to create a JV for its Global Business Travel division. American Express will share ownership of the JV with an investor group led by Certares, by which American Express will separate its GBT operations into a dedicated holding structure, which will include certain assets and liabilities…Details
Fiserv, Inc.today announced that TD Bank has expanded its online money movement options through the addition of the Popmoney personal payment service* and TransferNow online funds transfer service. TD Bank online banking customers now have more ways to easily and securely send, receive and transfer money directly from their bank accounts. Popmoney enables customers to send money to almost anyone they know or owe using the recipient’s name and email address or mobile phone number, eliminating the hassles of cash or checks.Details
GE announced that it has filed a registration statement with the Securities and Exchange Commission for the initial public offering (IPO) of its North American Retail Finance business. As previously announced, the IPO is the first step in a planned staged exit from that business. GE currently expects to complete the IPO later in 2014. After completion of the IPO, GE Capital Retail Finance will operate under its new name, “Synchrony Financial,” and the registration statement has been filed under that name.Details
JetPay Card Services, is pleased to introduce the MAC (Money Access VISA® Prepaid Card). The first phase of the MAC rollout begins today and will focus on employees and employers that are clients of JetPay’s payroll processing business, JetPay Payroll Services. Employees, friends, and families of these businesses will be invited to make MAC the card that they use to help them with their everyday shopping, budgeting, bill payment or other financial services needs.
MAC is a general purpose reloadable (GPR) prepaid card that behaves much like a checkless checking account with a compelling value proposition that will have broad appeal to consumers with or without a bank account. MAC has two pricing options which are being offered through JetPay’s payroll processing channel; MAC One and MAC Choice.
Bluefin Payment Systems and SaaS providers announced its PayConexTM P2PE solution has been validated by a P2PE assessor approved by the PCI Security Standards Council, as having met the rigorous controls defined in the PCI SSC P2PE Standard for the protection of payment card data. Point-to-Point Encryption (P2PE) technology can help merchants simplify their PCI DSS compliance programs by removing clear-text cardholder data from a merchant’s environment and reducing the scope of PCI DSS requirements. The PCI Security Standards Council’s P2PE program provides a method for vendors to validate their P2PE solutions and applications, and for merchants to reduce the scope of their cardholder data environment by implementing validated P2PE solutions. PayConex P2PE encrypts credit and debit card data in a secure point of entry device before it is transmitted into a merchant’s point-of-sale (POS), virtual terminal or payment application.Details
Thames Card Technology Ltd, one of the UK’s largest manufacturers of secure and non-secure plastic cards, specialising in banking and prepaid products, has won a competitive tender to be the sole supplier for the production, personalisation and distribution of one million EMV® chip payment cards for Ghana Commercial Bank (GCB Ltd.). Thames will also offer its portfolio of consultancy services to support GCB Ltd. in its transfer to EMV over the next three years, in addition to working closely with the bank and its processor, International Card Processing Services (ICPS), to streamline integration with international payment systems.Details
The Electronic Payments Association announced that it is taking initial steps towards a ubiquitous, same-day ACH settlement capability. NACHA seeks to move the ACH Network from today’s single, next-day settlement to multiple, same-day settlement options that would be available for virtually any ACH Network transaction. The phased implementation approach outlined by NACHA proposes incremental functionality that will provide greater value to end users. This functionality would include multiple, new settlement windows, and greater certainty around faster funds availability; therefore providing a solid foundation on which to build innovative services into the future. NACHA is launching a study to assess the industry’s costs and potential transaction volume for same-day ACH.Details