TSYS Show Research Results Consumer Payment Preferences

TSYS made available its 2013 Consumer Payment Choice Study, which consists of an online survey and in-person focus groups ” both of which were conducted to gauge current and potential future consumer payment preferences. The nationwide primary consumer research study utilizes both quantitative and qualitative data to highlight how consumers are making payments today and how that may change in the future. The results are meant to provide helpful information for use in developing and confirming payment strategies and initiatives. More than 1,000 consumers who have and use both a debit card and a credit card were surveyed on payment choice, indicating payment preferences vary by type of merchant and location, with credit being the preferred payment type for online purchases. meanwhile, rewards and discounts are the most effective way to influence consumers to use a payment type more often, whom actively use their mobile devices for overall financial activity.

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YESpay Deploys Card Data Security Solution

YESpay, the latest member of the WorldPay Group, is now deploying its Omni-channel Point-to-Point Encrypted (PTPE) integrated payment service to its first few UK high-street retailers fully ¬accredited by WorldPay Streamline. The solution achieves card data encryption within the Ingenico IPP350 PEDs (PIN Entry Devices) and decrypts the critical card data at the YESpay payment gateway within HSMs (Hardware Security Modules). YESpay’s PTPE solution complies with security recommendations specified by Visa ‘Data Field Security’ Best Practices and Payment Card Industry Security Standards Council (PCI SSC). YESpay has engaged its QSA, FortConsult, to audit and validate the solution to PCI SSC which is expected to complete in first half of 2014.

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iVeri’s mPress Chip & PIN mPayments Approved by Visa

iVeri’s EMV chip-and-PIN mobile payments solution, mPress has been approved by the Visa Ready program. Visa Ready is designed to provide innovators with an easy way to collaborate with Visa and quickly introduce Visa-compliant devices, software and solutions that can be used to initiate or accept Visa payments. As well as being Payment Card Industry Data Security Standard compliant, iVeri’s mPos services are EMV-approved and meet industry standards and best practices for mPOS devices according MasterCard, another major card network.

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Chase Card Revenue Up 29% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With a net loss of $0.4 billion for the third quarter of 2013, compared with net income of $5.7 billion in the third quarter of 2012 JPMorgan Chase reported credit card sales volume of a record $107.0 billion, up 11%, while merchant processing volume totaled $185.9 billion, up 14%. Revenue for…

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CPI Card Group Conducts Educational EMV Webinars

CPI Card Group EMV and commercial card production will now be offering a “Teachme” series of EMV educational webinars. The “Teachme” series is CPI Card Group’s new educational, online portal that will offer informational webinars on a variety of topics related to the payments market including EMV and prepaid. The program of courses begin with the topic of EMV launching in the U.S. and will range from learning the basics of EMV to understanding the more technical side of smart cards. CPI Card Group’s EMV presenters are experts, each with over 15 years of experience in the smart card industry.

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Virtual Piggy offers Enhanced Fraud Control

Virtual Piggy has enhanced the fraud-detection and control features in its family payment system with comprehensive screening performed by a combination of internal checks and an integration with Kount, a leader in fraud management technology for ecommerce. Virtual Piggy joins Kount’s integrated partners alongside companies such as Chase Paymentech, LexisNexis, and Magento.

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CARDFREE mCommerce Announces Latest Platform Customer

CARDFREE mobile commerce announced Checkers/Rally’s will leverage its full commerce platform to provide consumers with a complete mobile experience and will be the first QSR to use mobile to lead key consumer initiatives such as CRM, loyalty and stored value. The CARDFREE merchant commerce platform will enable Checkers/Rally’s to tie all programs together with mobile acting as a common thread. The platform gives merchants a comprehensive view of their customers that traditional programs have been unable to do. By leveraging the data tied to a user’s master account, CARDFREE gives merchants the ability to engage customers based on individual behaviors and preferences. CARDFREE also provides a digital stored value solution that’s optimized for mobile.

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Discover Recognized for Cash Rewards Technology

Discover has been recognized as one of the country’s top technology innovators by InformationWeek for delivering convenience and choice to customers through flexible options to redeem cash rewards while shopping online. Discover ranked 77 on the 2013 InformationWeek 500 list, which is presented annually and honors leading companies for using innovative technologies to transform how their organizations do business. Discover’s new platform enables Discover customers to simply use some, none, or all of their Discover Cashback Bonus or Miles Rewards to pay for their purchases online at select merchants’ websites.

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Heartland and Tabbedout Announce mPayment Partnership

Heartland Payment Systems and Tabbedout mobile payment app announced a strategic partnership to deliver an integrated mobile payment solution designed specifically for restaurant and bar operators. Heartland and Tabbedout have a shared goal of supporting an open merchant and consumer platform that starts with payments and provides an infrastructure for merchants and brands, such as beverage brands and payment sources, to engage with consumers. By aggregating customer data, including profile information, purchase history and feedback, this solution enables operators and brands to offer targeted rewards and incentives to influence purchasing decisions, increase loyalty and attract new customers, all within the venues’ existing infrastructure. Tabbedout will continue to work with other payments and related companies to enable operators to work with the providers of their choice.

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Panasonic Showcases POS mCommerce Devices

Panasonic joins P97 Networks, Microsoft Corp., and CGI, at NACS 2013 to introduce its “PetroZone” mcommerce and behavioral marketing platform for the convenience retail and fuels marketing industry. This new alliance will combine the power of Panasonic’s portfolio of POS devices and deployment services with CGI’s Payment 360 Platform, Microsoft’s Dynamics AX Point of Sale, and P97’s PetroZone cloud based mobile commerce platform to provide the retail convenience and fuel marketing industry a fully integrated mobile payments and settlement platform for the future. The partnership provides major oil companies with a complete cloud based mobile commerce platform, allowing them to offer new mobile payment types, digital offers, integrated customer loyalty programs, and financial settlement solutions for their retail fuel distributors, wholesalers, and marketers.

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MasterCard and UN Launch eFood Voucher

As part of its massive humanitarian response to the Syrian crisis, the United Nations World Food Programme (WFP) is rolling out an innovative electronic voucher programme in Lebanon that will allow hundreds of thousands of Syrian refugees to meet their food needs and help boost the local economy. By the year’s end, some 800,000 refugees will be using these electronic cards – or “e-cards” – at participating shops in Lebanon under an initiative realized with the technical support of WFP’s private sector partner, MasterCard. The e-card collaboration is part of a larger, multi-year partnership with MasterCard, launched in September 2012. It twins MasterCard’s prowess in electronic payments systems with WFP’s vast experience assisting the planet’s hungriest and most vulnerable people.

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MasterCard Shows Consumer Spending Waning

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The latest MasterCard SpendingPulse report on September, indicating retail sales continued to weaken, peaking at only 4.7% in June of this year. September retail sales were up only 3 percent year-over-year, which was attributed to a significant drop-off in gasoline spending and no major growth in other sectors. With SpendingPulse consumer…

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