Wells Fargo & Amex Ink Credit Card Issuing Partnership

Wells Fargo (WFC) and American Express (AXP) partnered, by which Wells Fargo will issue new credit cards accepted on the American Express network. Wells Fargo will make the cards available in the marketplace nationwide by mid-2014. As part of the card-issuing partnership, American Express is providing its Partner Advantage capabilities and services to support Wells Fargo in developing a suite of products that will offer a superior set of experiences, exclusive benefits and customized offers from the American Express network, both online and offline. Separately, LoyaltyEdge from American Express will assist in the design of a new Wells Fargo loyalty program by offering a broad range of merchandise and gift cards that Wells Fargo’s consumer credit customers will be able to redeem with their points.

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Epson Thermal POS Receipt Printers iOS Compatible

Epson America POS solutions announced its TM-T88V and Mobilink P60II (both receipt and label versions), are now available in the company’s Made for iOS (MFi) series, with Bluetooth® connectivity for the iOS mobile operating system. The new MFi printers allow retail and hospitality customers to take advantage of wireless printing from all handheld iDevice peripherals, including Apple’s iPad®, iPod touch® and iPhone®, connecting via the Bluetooth 2.1 + EDR wireless networking standard. Bluetooth’s open standard wireless communications protocol creates a stable, reliable connection and is a cost effective option for short-range transactions of up to 30 feet. Epson’s new MFi products meet the skyrocketing customer demand for highly reliable, Bluetooth-based mobile printing from iDevices throughout retail stores and hospitality environments.

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American Express Announces Engaging Travel Solution

American Express announced new technology capabilities to help make travel easier for today’s well-connected corporate traveler while also encouraging alignment with a company’s strategic travel and expense program. The capabilities announced today include a new platform that leverages social gaming mechanics to reward policy-adherent traveler behaviors; an integration with TripCase; a new capability that updates Corporate Card charges in near real-time so travelers can manage expenses on-the-go; and a new traveler-facing mobile interface for American Express’s duty of care solution, AX CONNECT.

American Express believes that incorporating gamification – an incentives-based approach using techniques from game design to motivate certain user behaviors – into travel management programs can prevent program leakage and therefore drive increased cost savings. Working with The Behavior Platform by Badgeville, a global leader in gamification and behavior management, American Express has created a pilot program that can be tailored to each company’s culture and travel program gaps. It uses social game mechanics to reward travelers for making decisions that fall within their company’s travel policy.

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MasterCard and Justin Timberlake Announce Intimate Priceless Performance

GRAMMY and Emmy Award-winner Justin Timberlake and MasterCard announce a private, late night Priceless Miami performance to take place at The Fillmore Miami Beach on Friday, August 16th. The “aftershow” will occur following Timberlake’s final stop of his summer concert at nearby Sun Life Stadium. Accessible exclusively to MasterCard cardholders, tickets for the event are limited and will be available at www.priceless.com/justintimberlake. Doors will open at 11:30 PM Eastern with pre-performance entertainment. Consumers registered on Priceless Miami will be the first to know when tickets are available for the show. The partnership brings together MasterCard’s expertise in delivering Priceless experiences and driving commerce with Timberlake’s global influence in music and entertainment for the benefit of fans and cardholders.

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VeriFone Hosts mPayments for French Rail Operator

VeriFone announced its PAYware Wynid managed payments solution is powering passenger ticket purchases aboard France’s national railroad operated by SNCF Group. Deployment began in April with the first 1,000 handheld devices that are planned to number 12,000 over three months and handle an estimated 1,650,000 million payment transactions annually across the SNCF-managed rail systems including the high-speed TGV trains. PAYware Wynid is a managed services platform that delivers all-in-one payment acceptance on mobile handheld devices used by conductors to accept domestic and international EMV card payments and process other functions such as ticket sales and exchange, invoices and information services for passengers.

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Western Union Partners eTranzact on mMoney Service

Western Union and eTranzact International multi-application and multi-channel electronic payment processing launched their mobile money transfer service. Consumers in Nigeria who use the eTranzact Mobile Money platform now have the option of receiving a Western Union Money Transfer® transaction on their mobile phones. Consumers can receive funds from money transfer transactions initiated at westernunion.com transactional websites in 23 countries, or Western Union Agent locations around the world. Subscribers can use PocketMoni, the eTranzact Mobile Money platform, to pay utility and cable television bills, make merchant payments, top-up their mobile phone credits and/or make third party transfers.

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Datacard Issues Prepaid Cards to Citizens Affected by Flooding

Datacard Group announced that their financial instant issuance solutions were used to help issue prepaid cards to those affected by the massive flooding in Canada. Severe flooding had forced thousands of residents to evacuate their homes throughout southern Alberta” including the City of Calgary, Town of High River and several others. The Alberta Government set up a flood assistance program that included issuing prepaid cards to affected Albertans. Those who qualified were able to receive $1,250 per adult and $500 per child. Datacard Group worked closely with Alberta to help the government very quickly issue prepaid cards to thousands of affected residents. Datacard® CardWizard® issuance software securely loaded and configured onto laptops; and Datacard® CD820™ instant issuance systems facilitated the printing, card personalization and issuance.

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Heartland Payment Posts 2Q/13 Net Income Up 2% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Heartland Payment announced a 2Q/13 Adjusted Net Income of $23.1 million compared to the year ago figure of $20.5 million. For the quarter, Heartland reported Record Small and Mid-Sized Enterprise (SME) quarterly transaction processing volume of $19.3 billion, up 4.2% from the second quarter of 2012; Record Quarterly Net Revenue of…

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FIS 2Q/13 Revenue Up 3.8% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] FIS posted 2Q/13 revenue up 3.8% to $1.51 billion from $1.46 billion in 2Q/12. These results included debt refinancing costs and an adjustment related to the December 2010 acquisition of Capco, FIS’ global consulting business. Revenue was up 3.7% on an organic basis compared to the second quarter of 2012, which…

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Merchant Processing Fees Down in 2012

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] General purpose and private label credit, debit, and prepaid cards generated $4.409 trillion in payments for goods and services in 2012, and U.S. merchants paid $66.51 billion in fees to handle that business. Merchants paid $69.81 billion the prior year on $4.105 trillion in purchase volume, according to The Nilson Report,…

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NCR Appoints New VP, Financial Services

NCR consumer transaction technologies announced Wolfgang Kneilmann as the new VP for it financial services line of business in Europe. Having started his career at NCR, Kneilmann worked in various sales and management positions for more than 11 years. In 2001, he joined Swissrisk AG, a European software specialist, as a member of the management team. He oversaw sales and marketing for banking-specific software solutions from 2001 until early 2007. In March 2007, he returned to NCR to become managing director for Germany, Austria and Switzerland.

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