USA Technologies Awarded 87th Patent

USA Technologies announced that the U.S. Patent Office has granted its 87th patent. U.S. Patent 8,596,529, titled Interactive Interface Effectuated Vending, adds to the collection of intellectual property USAT has accumulated over a number of years as self-serve retail markets, such as vending, transition from cash-only to cashless and other value-added offerings enabled by a connected technology platform.

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eBay Completes Acquisition of Braintree

eBay completed its acquisition of Braintree payment platform of approximately $800 million in cash. Braintree will now operate as a separate service within PayPal under the leadership of Braintree CEO Bill Ready, who will report to PayPal President David Marcus and has joined PayPal’s executive staff. eBay anticipates the acquisition will have an immaterial impact to PayPal’s 2013 net total payment volume. eBay expects that definitional differences between PayPal’s net total payment volume and Braintree’s projected $12 billion payment volume for 2013, approximately one-third of which is expected to be driven by mobile payments, will lead to a significant portion of Braintree’s payment volume not being additive to PayPal’s net total payment volume and treated instead like PayPal’s payment gateway business, with only the revenue being recorded.

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Visa digital wallet Embarks on New Market

V.me ewallet by Visa is being offered as a secure payment option across major eCommerce retailers in Australia. V.me offers a simple and secure way to pay online by entering a single username and password – whether shopping from a PC, laptop or mobile device – eliminating the hassle of entering shipping, billing and account information, across multiple merchant websites. The Visa Online Shopping Study*, a survey of 1,000 Australian consumers conducted for the first time in 2013, also shows men generally prefer shopping online (35%) than women (28%) and many expect to do more online shopping in the future than they currently do. V.me stores personal account information behind layers of security within Visa’s industry-leading network.

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Target Confirms Card Data Hack

Target confirmed it is aware of unauthorized access to payment card data that may have impacted certain guests making credit and debit card purchases in its U.S. stores. Target is working closely with law enforcement and financial institutions, and has identified and resolved the issue.

Approximately 40 million credit and debit card accounts may have been impacted between Nov. 27 and Dec. 15, 2013. Target alerted authorities and financial institutions immediately after it was made aware of the unauthorized access, and is putting all appropriate resources behind these efforts. Among other actions, Target is partnering with a leading third-party forensics firm to conduct a thorough investigation of the incident.

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MasterCard, eServGlobal and BICS Create Remittance Joint Venture

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard, eServGlobal and BICS announced the formation of HomeSend, a joint venture (JV) which will enable consumers to send money to and from mobile money accounts, payment cards, bank accounts or cash outlets – regardless of their location or that of the recipient. The HomeSend JV will leverage the current HomeSend…

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Coinstar Offers Blackhawk eGifts

Blackhawk Network, Inc, announced a new partnership with Coinstar to offer Coinstar customers a selection of certain Blackhawk Network’s popular eGifts for no fee when they cash in coins via the Coinstar coin-counting kiosks. The eGift codes can then be easily redeemed at issuing retailers – either in-store, online or via mobile devices. With approximately 20,300 kiosks conveniently located across the US, Coinstar makes it simple for consumers to convert their spare change into a cash voucher, for a fee that varies by location, or load these funds onto their choice of NO FEE gift card or eGift.

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Fiserv Again Named Top 10 in Chartis RiskTech100® Report on Global Risk

Fiserv has once again been named a Top 10 provider in Chartis Research’s RiskTech100® 2014, widely acknowledged as the most comprehensive and prestigious global study of risk technology vendors. Analyzing areas of expertise such as credit risk, operational risk, asset and liability management (ALM), liquidity risk and financial crime risk management, as well as compliance with regulations such as Basel III and Dodd Frank, the ranking reflects the broad portfolio of solutions for risk management and compliance from Fiserv. The RiskTech100 is judged on six equally weighted categories: functionality, core technology, organizational strength, customer satisfaction, market presence and innovation. Fiserv achieved strong all-around scores with particular strength in customer satisfaction, depth of functionality and organizational strength.

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TransFirst offers EMV-NFC terminals

TransFirst® announces in conjunction with VeriFone Systems, Inc. (NYSE: PAY) that it now offers its merchant customers the EMV- and NFC-capable VX 680 wireless terminal from VeriFone. The VeriFone VX 680 offers the portability and processing power to fit the needs of any small business. Its wireless, 3G connectivity feature enables merchants to accept credit and debit card payments anywhere in just seconds, while easy-to-use touch-screen technology and a bright, 3.5-inch color screen make the terminal simple to use.

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New COO at CR2

CR2 is pleased to announce the appointment of Mike Brady as its Chief Operating Officer. The position of Chief Operating Officer has been newly-created within CR2 and reflects the rapid growth of the company. Mike’s responsibility is to ensure alignment of operations with CR2’s strategic goals. Mike brings with him over 25 years of experience in the technology sector. Prior to joining CR2, Mike spent 10 years as CEO of his own start-up companies Cibenix and Anam. He previously served as CEO of Siemens subsidiary, Irish-based SSE.

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Capital One Announces Contract for Private Label Credit

Capital One has signed a three-year financing services agreement with BRP US Inc. “BRP”. This new relationship reinforces Capital One’s commitment to building its private label credit card business. The contract covers revolving financing for BRP’s Ski-Doo snowmobiles, Sea-Doo watercraft and Can-Am all-terrain vehicles, side-by-side vehicles and Spyder roadsters sold by BRP dealers in the United States. Capital One’s partnership with BRP provides consumers with access to credit that can be used for accessories, services and/or vehicles at BRP dealerships. Offerings include a Life of Loan product, which is designed to be paid off over a set term, as well as promotional rate financing options, which have a low intro APR for a set period of time.

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Bluefin Payment to Launch International Payment Processing

Bluefin Payment financial technology provider of cloud-based integrated payment solutions for independent software vendors (ISVs), announced they have partnered with a premier international payment platform provider to expand their US and Canadian presence to include international payment processing in early 2014. Bluefin’s innovative and proprietary PayConex platform will now support e-commerce and mail order/telephone order (MOTO) payments in 52 countries across six continents in 187 currencies. Bluefin secures the cloud with a security suite that includes tokenization, transparent redirect, and end-to-end encryption (E2EE). ISVs and SaaS providers integrate PayConex directly into their software, providing their customers a seamless payment experience while extending the functionality and value of their software.

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