MasterCard MasterPass Embarks on Latest Market

MasterPass digital payment solution from MasterCard is now available in Italy. Following its success in the US, Australia, Canada and the UK, MasterPass is now debuting in Italy thanks to MasterCard’s agreements with the country’s major banks and an increasing number of participating retailers. Over 3,500 of Italy’s leading brands and companies have recognised the new business opportunities e-commerce has to offer. With digital shopping becoming an increasingly multi-channel process in Italy, MasterPass is making online purchasing even faster, simpler and more secure. Having stored their name, card and shipping details when they sign up for the service, consumers no longer need to enter them at the checkout: they simply click or tap on the “Buy with MasterPass” button and enter their password to complete the payment. This kind of simplicity is fundamental to the growth of e-commerce, now a well-established phenomenon with 3.7 million Italians making at least 10 online purchases a year and a rise in online shopping using mobile devices.

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MasterCard Supports Greater Transparency in Payments

MasterCard today announced a new initiative to help smaller merchants create efficiencies in their operations by accepting electronic payments. The effort combines changes to the company’s U.S. region rules with best practices and insights developed from conversations with smaller merchants.
The new standards deliver greater transparency and value to smaller business owners. In the standard, acquirers and payment service providers are required to provide their customers with a clear and detailed disclosure of the fees they are charged, while also ensuring a minimum of 30 days’ notice before they modify any fees related to MasterCard transactions.

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hyperWALLET To Provide Prepaid Cards to Karrot

hyperWALLET® Systems Inc., a trusted global payments provider to top-tier organizations, today announced that Karrot has launched hyperWALLET’s branded prepaid card services to provide a unified payment solution for its loyalty and reward payment solutions. hyperWALLET’s branded prepaid card program will provide Karrot with a streamlined payment solution in USA and Canada that allows earned loyalty funds to be made available to recipients instantly in local currency onto prepaid cards that can be used at ATMs, point of sale, or online.

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Tsys Announces Latest Partnership Expansion

TSYS Merchant Solutions announced its partnership with Navy Federal Credit Union designed to provide Navy Federal’s merchant members with the ability to accept credit and debit cards as payments for their goods and services. TSYS Merchant Solutions, a wholly owned affiliate of TSYS (TSS), is ranked as the seventh largest merchant acquirer in the U.S. by number of active merchant outlets according to The Nilson Report. Navy Federal members will now have access to world-class payment acceptance and marketing solutions, including competitive comparison dashboards, mobile, tablet, e-commerce and retail point-of- sale solutions, along with 24/7 customer and technical support.

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Payoneer Payment Provider for Google Trusted Stores

Payoneer global payments announced Google has selected Payoneer as a payments provider for Google Trusted Stores. Payoneer will power the program’s customer payouts, providing bank transfer services that enable Google Trusted Stores to send payments to people in many countries where it currently operates. The Google Trusted Stores program helps customers identify merchants they can trust online. Google stands behind the merchants that have earned the Trusted Store badge with a $1,000 lifetime purchase protection for shoppers. Payoneer was selected to deliver purchase protection consumer payouts in select countries where Google Trusted Stores operates.

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Alcinéo and ASK Partner on Contactless Cards

Alcinéo and ASK are pleased to announce their partnership to provide contactless payment solutions for fare collection systems. Alcinéo will provide its contactless payment suite that covers the main payment scheme such as PayWave of Visa, PayPass 3.0 released by MasterCard or ExpressPay 3.0 for American Express. Additionnally, this payment suite comes with en Entry Point layer fully compliant with the modular architecture requested by EMVCo. Alcinéo payment suite has already gone through several certifications process successfully.

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Cardlytics Releases Purchase Data on Customer Loyalty

Cardlytics announced the release of its latest white paper: “Understanding True Loyalty – Gaining Insight into Customer Loyalty Based on Whole-Wallet Spend.” This white paper goes into detail on what makes a customer truly loyal and how marketers can more accurately communicate with this important group using Whole-Wallet Analytics. This white paper compares consumer spending within categories to test the predominant theory that a retailer’s most frequent customers are their most loyal customers. Through relationships with nearly 400 banks in the US and the UK, Cardlytics utilizes their patented Cardlytics Automated Transaction System (CATS) to analyze the purchase behavior of consumers within and across categories and geographies. The analysis demonstrated that frequency should not be the only determining factor when identifying an organization’s most loyal patrons.

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Dovetail Names Sales, Account management

Dovetail, a leading provider of next generation enterprise banking solutions, announces the appointment of Sean Conboy, Head of Sales and Account Management for the UK and Africa. Sean joins Dovetail after seven years at Pegasystems, where he was responsible for selling complex software solutions to Financial Institutions. With over 20 years’ experience working with leading Financial Institutions, Sean will be responsible for leading the expansion of Dovetail in the UK and new markets in Africa.

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Santander and iZettle slash mPOS reader cost

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.

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Payleven Intros NFC mChip/PIN Card Reader

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[1] 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.

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Barclaycard Fuel+ App Targets Company Fleets

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.

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NCR Announces Latest Windows ATM Upgrade, Service Contract

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.

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