PayPal Here Announces Latest Expansion

PayPal Here, the highly anticipated Chip and PIN solution for small and medium-sized businesses (SMBs), is now available to all businesses in the UK. The chip and PIN reader is aimed specifically at businesses that have traditionally relied on cash or checks. It is a game changer for SMBs, enabling businesses an affordable, easy to use and secure way to accept credit and debit cards or PayPal Check in, meaning businesses don’t have to turn away customers who don’t have enough cash on them or want to pay by card. The PayPal Here app can be downloaded from iTunes (iOS) and Google Play (Android) and then you order the PayPal Heretm Chip and PIN card reader through the app.

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MoneyGram Expands Global Footprint

MoneyGram signed an agreement with Southeast Bank Limited (SEBL), a Bangladesh-based private commercial bank, and is now offering money transfer services at the bank’s branches across the country. The agreement increases MoneyGram’s presence in Bangladesh, adds it to its growing agent network, and makes the company’s services easier for customers to access. The addition of SEBL to MoneyGram’s agent network in Bangladesh creates an easy-to-access footprint of locations with MoneyGram services.

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Harris Teeter to pilot Paydiant mWallet

Paydiant cloud-based mobile wallet, cardless ATM access and offer redemption platform announced that Harris Teeter, Inc., a Mid-Atlantic grocery chain that operates over 200 stores in eight states and the District of Columbia, will deploy a pilot of Paydiant’s white label mobile wallet as part of their Express Lane online shopping service in Matthews, N.C. beginning this month. The initial deployment will allow Harris Teeter Express Lane customers to use the Harris Teeter mobile wallet called “HT Express Pay” to pay for groceries ordered online. Payment will occur from within a customer’s vehicle at Express Lane curbside pick-up locations. Once the Harris Teeter mobile wallet app is downloaded to the customer’s iPhone® or Android™ smartphone and payment cards are linked to the wallet, the customer will simply scan a QR code presented to them on a Verifone® handheld mobile point of sale device. From there, the customer uses the mobile wallet to choose which of their major credit cards to use to complete the transaction, taps the “pay” button, and then a digital receipt is automatically sent to the customer’s mobile device.

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Fiserv Renews FCU Relationship

Fiserv announced that Community First Credit Union renewed and expanded its relationship with Fiserv. The $1.7 billion credit union is a longtime user of DataSafe® account processing platform from Fiserv and has added Fiserv solutions for digital channels including Virtuoso™ for online banking, CheckFree® RXP® for bill delivery and payments and Mobiliti™ for mobile banking. DataSafe offers credit unions scalable, integrated account processing technology with flexible deployment options. The database within the platform offers a full view of member information across the enterprise. Community First uses Virtuoso from Fiserv to provide a highly personalized home banking experience that is cost effective and easy for the credit union to manage and customize. Meanwhile, through the capabilities of CheckFree RXP and Mobiliti from Fiserv, members will have mobile banking capabilities such as account balance access, an ATM locator and alerts, as well as the addition of payment capabilities. The Mobiliti mobile banking service integrates with the credit union’s CheckFree RXP bill payment service, making it possible for customers to securely pay bills through their mobile device.

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Evolution1 Named to 500|5000 List

Evolution1 and cloud computing healthcare solution that administers reimbursement accounts, including HSAs, HRAs, FSAs, VEBAs, PRAs, and Wellness and Transit Plans – has been named to the annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy: America’s independent entrepreneurs. Fuhu tops this year’s list. Evolution1 joins LivingSocial, Bojangles’, Edible Arrangements, CDW, and Lifelock, among other prominent brands featured on this year’s list. In a stagnant economic environment, median growth rate of 2013 Inc. 500|5000 companies is an impressive 142 percent. The companies on this year’s list report having created more than 520,000 jobs in the past three years, and aggregate revenue among the honorees reached $241 billion.

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Planet Payment Announces New Boardmember

Planet Payment payment processing and multi-currency processing services announces the Board of Directors has appointed Carl Joseph Williams as a Director of the Company. Carl Williams’ career in financial services spans 30 years and includes several high profile industry positions. He is currently CEO and founder of Baikal Group, LLC a consultancy and advisory company. From May 2012 until July 2013, he served as Managing Director of Pay Anywhere, LLC. Until recently he was also an advisor to Global Payments Inc. Previously, Mr. Williams was President of World Wide Payment Processing for Global Payments, a role that he held from 2004-2009, while living in Prague and Hong Kong. Mr. Williams also served as President of the Merchant Services Division of National Processing Company, one of the nation’s largest processors of credit card, debit and check transactions. Mr. Williams has served as an advisor to Planet Payment, Inc. since 2010. Mr. Williams holds a B.A. from La Salle University in Philadelphia.

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NRF Releases Statement on Fed Swipe Fee Appeal

The National Retail Federation issued the following statement in reaction to the Federal Reserve’s announcement that it will appeal a U.S. District Court judge’s ruling that the cap it set on debit card swipe fees in 2011 was too high; “We are very disappointed to see the Fed giving in to the banks. The facts are very clear that the Fed set the cap far higher than intended by Congress, and the court has insisted that the mistake be fixed as soon as possible. Instead, the Fed has taken a position that will drag this out while retailers and their customers continue to pay billions of dollars in inflated fees that harm that U.S. economy. We want to see this case resolved today, not next year, so these fees can finally be brought under control.”

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USA Technologies Announces Loyalty and Prepaid Program

USA Technologies announced details of its “MORE” ePort Connect loyalty and prepaid program. USAT customers will be able to offer rewards and discount offers for products purchased at their cashless-enabled locations to build loyalty, repeat business and a greater understanding of their consumers’ purchasing preferences. “MORE.,” offered as an enhancement to USAT’s comprehensive ePort Connect® service, is a byproduct of USAT’s ongoing commitment to drive additional value for customers through every connection to its ePort Connect service. “MORE.” enables USAT’s customers to offer either a standard or customized reloadable card, giving their customers access to more rewards, more exclusive offers and promotions and more discounts for future purchases at participating self-service machines.

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TNS and Trustwave Team on Encryption

Trustwave and Transaction Network Services have joined forces to offer an open and vendor agnostic point-to-point encryption service designed to help merchants protect their customers’ payment card information. TNS will host Trustwave Point-to-Point Encryption technology in its network and data centers enabling TNS to take encrypted transactions from merchants, decrypt those transactions, and securely send transaction data to one or more of a merchant’s payment processors or acquirers. The joint service will be an open platform that will interoperate with point-of-sale technologies and integrate with various payment processors.

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Cardlytics Wins Card Marketing Patent

Cardlytics Card-Linked Marketing announced the United States Patent and Trademark Office has issued a patent for Cardlytics’ unique technology, covering their core systems – the Cardlytics Offer Placement System (OPS) and Offer Management System (OMS). U.S. Patent # 8,515,810 enables Cardlytics to create targeted marketing based on consumer purchase behavior, and place advertising through online banking portals. Cardlytics developed its distributed architecture in order to create purchase-targeted marketing campaigns, while protecting consumer privacy.

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TransCentra Expands Managed Billing and Payments Services

TransCentra announced that it has been selected by North American Power, one of the nation’s fastest-growing retail energy suppliers, to manage its billing and payments processing. The end-to-end, multichannel billing and payments processing solution will integrate services across the business, enabling North American Power to simplify and enhance billing and payment communication methods for more than 250,000 customers, while driving operational efficiencies. With operations currently in 11 markets, North American Power sought a solution that would transform its billing and payments model, meet regulatory compliance requirements in new markets, and provide the tools to address customer needs quickly and efficiently. TransCentra’s payment processing services include paper and electronic lockbox service, payment data management, A/R file consolidation and generation, and more.

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First Data Announces Latest to Board of Directors

Joseph J. Plumeri is joining the Board of Directors of First Data, a KKR portfolio company. Having served 12 years as Willis Group chairman and CEO and as its non-executive chairman through July 2013, Plumeri strengthened Willis’ position as one of the world’s leading insurance brokers through industry-sector-leading organic growth and operating margins, strategic expansion, and a return to public ownership in 2001. Prior to joining Willis, Plumeri had a 32-year career at Citigroup and its predecessor companies. As CEO of Citibank North America, he led the integration of the consumer businesses at Citicorp and Travelers Group. He also served as chairman and CEO of Travelers Primerica Financial Services, vice chairman of the Travelers Group, and president and managing partner of Shearson Lehman Brothers.

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