RoamPay mPOS Tracker Studies Merchant POS Priorities

mPOS Tracker research highlights mPOS continues to expand internationally, particularly in emerging markets; is the number one priority for merchants ranking even higher than security; and receipts have the potential to become an important marketing channel for merchants. Conclusions show for the first time, mPOS and mobile solutions are viewed by merchants as their number one key priority. Also mPOS merchants have had their silver bullet all along. Sales artifacts were once thought of as only a required part of the transaction, but have now become important communication “canvases” to be used by merchants as important channels to the customer. And mPOS land grab focused on bringing customers to merchants. Amazon’s acquisition of GoPago could ignite SMB mPOS by handing small merchants not only a POS solution but one that supports its Pay with Amazon plug in, allowing them to serve 230 million+ consumers right from the start.

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Ukash Announces Latest Distribution Partnership

Ukash global cash payments provider announced a new partnership in Poland, working with PayUp mobile top-up, financial and payment services through convenient retail outlets. This partnership permits cash consumers to purchase Ukash from PayUp’s 5,000+ locations across Poland in order to shop, pay and play online. Ukash is a secure payment method which enables consumers to spend cash online by exchanging notes and coins for a voucher in convenience outlets such as shops, petrol stations and kiosks. Ukash is accepted across many online sectors, including retail, gift cards, dating and gaming, and can be used to pay at thousands of websites worldwide.

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USA Technologies Sees Return in 4Q/13

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies posted a 4Q/13 net income of $447,087, down from non-GAAP net income of $557,393 and total revenues of $10.6 million. Approximately 82% of total revenues stemmed from license and transaction fee revenues, which are largely driven by connections to USAT’s comprehensive and turnkey cashless payment and M2M telemetry service,…

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DISCOVER Q4 & 2013

Beating average credit card industry growth last year Discover credit card loans grew $2.0 billion, or 4%, to $53.1 billion at year-end 2013. Discover reported fourth quarter volume for PULSE was flat as Diners Club volume declined 5%, offset by a 5% gain in proprietary volume and 6% gain in network partners volume. Transactions processed on the Discover network rose 5% in 2013 to 1.95 billion while PULSE transactions declined 3% to 4.19 billion for last year.

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First Data and TMG Offering Streamlined EMV

First Data and The Members Group (TMG) have begun offering an expedited EMV™ implementation to qualifying TMG clients. First Data has qualified with both Visa and MasterCard to offer an expedited EMV credit card issuance program to financial institutions. The streamlined program, using standardized processes, supports TMG’s brand promise of “making life easier” for its clients by enabling them to launch their EMV programs quickly, efficiently and with reduced complexity.

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JetPay Card Services Adds Executive

JetPay Card Services announced the addition of Ralph A. Bianco as Executive Vice President and General Manager. Mr. Bianco is leading the Company’s pre-paid card division that will offer Visa branded reloadable cards plus Visa branded and private label gift cards. The prepaid card division will focus on delivering high value low cost products to consumers. The first products launched by this division, which will be announced later this month, will be aimed at consumers with or without a traditional bank account that need a safe and secure way to shop, save or budget for household expenses.

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Discover Offers Free FICO® Score to Cardmembers

Discover has fully rollout of free FICO® Scores provided on the monthly statements of millions of Discover cardmembers, following the pilot launch to Discover it cardmembers, which occurred in November 2013. The FICO® Scores are based on data from TransUnion®, a world leader in consumer credit information. Discover is the first major credit card issuer to provide free FICO® Scores directly to its cardmembers on their monthly statements. In addition to providing free FICO® Scores to consumer cardmembers, Discover is providing the two key factors explaining what information from a person’s TransUnion credit report influenced his or her particular FICO® Score. Qualified cardmembers who have Discover More, Discover Open Road, Discover Motiva, Miles by Discover and Escape by Discover cards will receive their free FICO® Scores based on data from TransUnion directly on their monthly statements.

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JetPay Enlists Former U.S. Bancorp and MasterCard Exec to Launch Prepaid Outfit

JetPay Card Services added Ralph A. Bianco Executive VP, General Manager to lead the Company’s pre-paid card division that will offer Visa branded reloadable cards plus Visa branded and private label gift cards. The prepaid card division will focus on delivering high value low cost products to consumers. The first products launched by this division, which will be announced later this month, will be aimed at consumers with or without a traditional bank account that need a safe and secure way to shop, save or budget for household expenses. Of particular importance is to create products that will be attractive to consumers that have limited access to financial services and who often spend exorbitant amounts each payday to cash paychecks and pay bills. He holds a degree in electro-mechanical engineering from City College of New York and is a graduate of the Executive Program of the Darden Graduate School of Business Administration at the University of Virginia.

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VISA EUROPE 2013

To describe Visa Europe in three words is contactless, mobile payments, and digital wallets. Visa Europe struck so many such deals in 2013. For example, banks representing 80% of all consumers are already committed to digital wallets and by 2020 Visa Europe predicts one-third of all European consumers will be using V.me by Visa. European consumers have made 211 million contactless purchases in 2013, as the monthly contactless spend has also increased six fold to €285 million. Visa Europe processes more than 32 billion transactions per year with purchase sales exceeding €1.3 trillion on 483 million cards. In October 2007, Visa Europe became independent of the new global Visa Inc., with an exclusive license in Europe.

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CIBC and TELUS launch mobile payments

CIBC and TELUS announced the launch of the CIBC Mobile Payment App to TELUS mobile devices with Near-Field Communications (NFC) capability, allowing more Canadians to have access to mobile payments. TELUS customers using the app and a CIBC credit card account will be able to make mobile payments at many of the most popular retailers in Canada including coffee shops and grocery stores.

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Mikron Joins OSPT Alliance

The Open Standard for Public Transport (OSPT™) Alliance today announced that Mikron has joined the organization as a Full Member. Mikron supports a number of national public transport organizations with its RFID tags, and is well known for its wide range of other microelectronic products including smart cards, SIM cards, chip-based bank cards, identification documents and innovative solutions for industrial electronics. Mikron is Russia’s largest RFID tag manufacturer with a capacity of more than 50 million tags per month and customers in Europe, Middle East, Africa, and North America. Its ultra high-frequency, high-frequency, and low-frequency passive RFID tags have been used for many years in applications as diverse as logistics, point of sale and electronic article surveillance.

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