Thinfilm and Xerox Principal NFC Forum Members

The NFC Forum announced that Thinfilm and Xerox Corporation have joined the NFC Forum at the Principal level. The first to commercialize printed rewritable memory, Thinfilm is creating printed system products that will include memory, sensing, display and wireless communication such as NFC -at a cost-per-functionality unmatched by any other electronic technology. Since the invention of Xerography more than 75 years ago, the people of Xerox have helped businesses simplify the way work gets done. Today, Xerox is the global leader in business process and document management, helping organizations of any size be more efficient so they can focus on their real business. Headquartered in Norwalk, Conn., more than 140,000 Xerox employees serve clients in 160 countries, providing business services, printing equipment and software for commercial and government organizations. The Principal level is the next-to-top tier of NFC Forum membership, and it includes significant participation opportunities.

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APS CEO Chair the Mobile Money & Wallet Summit

Richard Wagner, CEO of Advanced Payment Solutions (APS) will chair the prestigious Mobile Money & Wallet Summit 2014, a two-day event in London on 18th and 19th March for the mobile money wallet ecosystem. The summit comes at a time when big questions are being asked about the future of mobile technology in money and banking. With the near-collapse and scandal surrounding the crypto-currency BitCoin, and a huge rise in contactless payment systems, the mobile payments’ industry now faces tough questions and challenges. APS has recently been recognised as one of the London Stock Exchange’s 1,000 companies to inspire Britain. In ten years, Richard has built APS up to be one of the most awarded electronic banking providers in Europe providing smart, fast, digital and mobile solutions which make it simple to send and receive payments.

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Shareight mCommerce Startup raises GBP600k

SHAREIGHT highlighted the growing importance of mobile commerce as an investment opportunity by raising £600,000 in 24 hours from over 240 investors through the equity crowd funding platform Seedrs. The round is currently in an overfunding period and is expected to exceed £600,000 (US $1,000,000) today. SHAREIGHT has set new records for the speed and amount raised on the platform – excluding Seedrs’s own campaign in 2013. SHAREIGHT was founded to overcome the challenges faced by consumers who want to shop via their smartphone to aggregate everything on the high street into one designed-for-mobile platform that provides easy-to-use browsing, shopping, saving, communicating and sharing of products.

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Contactless Transactions Up 400% in 2013

Throughout 2013 Visa cardholders used their contactless cards to make more than 94.3 million purchases in the UK, simply by tapping their cards, compared to just under 25 million contactless purchases in 2012, showing that UK consumers are embracing the ease and speed of contactless payments. Contactless purchases were not just up in the UK but across the whole of Europe, with Visa cards used to make a staggering 340.1 million contactless purchases across Europe last year. The number of contactless terminals has also risen by almost 200% and independent retailers making contactless payments available to customers with the number of terminals now over 300k. The stats also show a massive 125% increase on the number of Visa contactless cards in circulation compared to December 2012 to now 32.1 million Visa contactless cards in circulation in the UK with the European total reaching 80.6 million, a 158% increase on 2012.

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Payza Announces EU Payment Partnership

Payza has formed a strategic relationship to provide credit and debit payment service to European Union merchants based on its highly successful, fully-featured Payza as a Platform enterprise solution. The company announced its Payza Merchant Gateway service in the U.S. last month. Payza as a Platform is currently being used in nearly every country around the world by over 75,000 merchants. The service offers highly competitive pricing, a wide range of supported payment methods, built-in security and fraud protection, strong merchant support, and a host of tools, features, and reporting options. Payza’s online payment platform also offers a recurring billing service for subscription based billing cycles, at no additional charge. The recurring billing feature has a variety of intervals and billing terms and is created at a product level so additional products can complement the basic subscription. Unlike other payment processors and merchant accounts that charge monthly, gateway and other service fees on top of transaction fees, the Payza Merchant Gateway only charges for the processed transactions.

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MoneyGram Services Available at Debenhams’ Department Stores

MoneyGram teamed iinternational department store Debenhams to offer money transfer services to its customers. Debenhams’ customers will now be able to send and receive funds around the globe while doing their shopping at the 200-year old retailer in the UK. MoneyGram services are currently offered at 44 Debenhams locations across the UK via its Travel Money bureaus, with further store expansion planned in the coming months. It is anticipated that the new service will be used by thousands of new customers who will enjoy sending from such locations. For a leading retailer like Debenhams, offering the MoneyGram service to millions of customers wanting to send money to family and friends abroad creates a useful one-stop-shop on the high street.

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MoneyGram Announces Latest Agent Agreement

MoneyGram has signed an agreement with Qingdao Rural Commercial Bank (Qingdao RCB). Based in Qingdao, one of the largest cities in the Shangdong province of China, the agreement enables convenient money transfer service access for both urban and rural Qingdao residents, and foreign expatriates sending funds back home to family in Qingdao and nearby cities. Money transfer services are now available at all 330 Qingdao RCB locations. Formed in 2012, Qingdao Rural Commercial Bank was first established in 1951 as rural credit cooperative. The company is the fastest growing financial organization in Shangdong province and is a nationally recognized brand in China.

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FISERV 2013

The top global provider of financial services technology solutions, Fiserv had an extremely busy 2013 with tons of new deals, product upgrades and new products. New products include ConnectedTeller, CorPoint Mobile, Biller Advantage, Model Management: Reporting, FATCA Manager, Mobiliti Tablet, and LoanComplete Delivery Manager. GAAP revenue for 2013 was $4.81 billion compared with $4.44 billion in 2012. Adjusted revenue was $4.55 billion for the full year compared with $4.15 billion in 2012, an increase of 10%. Here are 95 points of light in Fiserv’s 2013, presented by CardWeb.com

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MasterCard 4Q/13 Net Revenue Up 12% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard Incorporated announced 4Q/13 financial results with a net income of $684 million, up 13%. A $61 million after-tax charge related to the opt-outs in the U.S. merchant litigations, the company reported net income of $623 million. Net revenue for 4Q/13 was $2.1 billion, a 12% increase versus the same period…

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Fiserv, MasterCard Advance Debit EMV Adoption

Fiserv and MasterCard agreed to make MasterCard’s U.S. common debit EMV solution available for the Accel debit network. MasterCard issuers receive flexibility to select and implement network relationships, while merchants and acquirers will continue to route transactions as they prefer, without introducing multiple applications and complicated technology upgrades. MasterCard was the first network to offer its proprietary technology to other U.S. debit networks in an effort to support the migration to EMV and enable the routing of PIN debit transactions over multiple, unaffiliated networks. This decision allows acquirers to brand transactions originating from the Maestro AID (application identifier) for all debit networks that elect to participate. The MasterCard U.S. common debit EMV solution is consistent with the EMV Migration Forum’s recommendations, including a single common debit application identifier (AID) and single application on each card, as well as multiple ways to verify the cardholder’s identity.

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ACI Worldwide Makes Real-Time, Any-to-Any Payments

ACI Worldwide unveiled the next generation of its consumer payments solution, enabling real-time, any-to-any payments. ACI is empowering financial institutions, retailers and billers to reduce payment processing costs, increase customer loyalty and drive new revenues by giving consumers more control over their money and the payment services they value. The company made the announcement at its Disruption in Payments events in New York and London. With the latest version of ACI’s market-leading consumer payments solution, UP BASE24-eps, as the enabling technology, real-time payments facilitate quick, secure, cost-effective and regulated transactions between consumers and retailers, financial institutions and billers. Industry experts believe that real-time payments will accelerate the global economy by eliminating billions of dollars in costs and generating billions of dollars in new revenues each year.

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PayPal Appoints Director of Strategy

Rakesh “Rocky” Agrawal is joining PayPal. In 2013, PayPal processed more than $180 billion in transactions; that’s roughly equivalent to the GDP of New Zealand. Just as important is the response from close friends who work at PayPal as well as VCs. Rockey will help small businesses and entrepreneurs understand online commerce and payments. There is a lot of nuance in commerce that goes beyond just APIs and technical implementation. If you can show a customer how to reduce chargebacks or mitigate fraud and as a result that business is more successful, you become more successful. If you can teach a customer to market better and they sell more, you will be more successful. The best APIs and the prettiest interfaces don’t mean much if your customers are still struggling with the rapidly changing retail environment.

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