Orange Intros Cross-Border mMoney Transfers to Continent

Orange is launching a quick and easy international money transfer service at a competitive price called “Orange Money International Transfer”. The offer is available between Mali, Senegal and Cote d’Ivoire. Every year, 200 million euros are moved between those three countries in the form of money transfers. With the new service, Orange meets the needs of the growing number of Orange Money customers. Orange Money International Transfer allows money to be sent and received from one’s mobile phone with complete security. Users no longer need to have cash with them when they travel, and sending cash doesn’t have to be done by a third party. All the sender needs to do is to dial #144# from his or her mobile phone, then enter the Orange telephone number of the recipient and the amount to be sent.

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Consumers Rack Up Card Debit to Levels Not Seen in Months

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit up a staggering 8.25% in May to an adjusted $857B, it erased all positive momentum seen in 2013, springing to the highest outstanding total of the year. Although quite the change compared to recent monthly figures, May revolving credit outstanding is still not…

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Allied Payment Partners, Expands mBill Payment App

Allied Payment Network online bill payment services and Malauzai Software mobile banking SmartApps announced Picture Pay is now available to any financial institution as a stand-alone mobile bill payment solution, even those that use a different mobile banking provider. Picture Pay can now be implemented by any bank or credit union as a separate mobile application. The stand-alone Picture Pay solution is compatible with any core banking system or mobile platform and no technology integrations are required. The app allows users to complete a payment by take a photo of the bill statement, confirm the amount to be paid and submit the payment to the financial institution.

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Cryptomathic upgrades CardInk for mPayment

Responding to increasing demand for mobile payments, e-security expert Cryptomathic has upgraded its EMV flagship issuing solution, CardInk, to enable customers to issue payment applications to smartphones and other mobile devices. The upgrade sees CardInk supporting MasterCard Mobile PayPass™ and Visa Mobile requirements. The ability to use a mobile device to make a near-field-communication (NFC) payment at the point-of-sale (POS) or to transfer funds remotely is gaining widespread popularity across the globe. The extended functionality of CardInk, Cryptomathic’s EMV data preparation solution, allows users to generate the personalisation data for mobile wallet credentials and to securely issue NFC payment applications to smartphones, using the same systems as when issuing physical payment cards.

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Goodsmiths Deploys PayAnywhere API for mCommerce

PayAnywhere mobile POS was selected by Goodsmiths to power mobile payment capabilities for Goodsmiths’ popular Swipe mobile app. The PayAnywhere API offers an easy way for mobile app developers to add mobile payment capabilities to their new or existing mobile apps. The Goodsmiths Swipe app empowers shop owners to take their online shops to market. Swipe is the only app that syncs shop owners’ handmade shops with their mobile device. With Swipe, shop owners can easily track sales and inventory from their Goodsmiths shop at shows and markets, accept mobile credit and debit card payments on the go, enter deal prices and add new items on the fly, and benefit from advanced business intelligence based on detailed, real-time sales reports. Additional Swipe features include secure encrypted transactions, no transaction fees for the first 30 days and a low 2.69% transaction fee after that for all swiped cards (Visa, MasterCard, Discover, and American Express), no Goodsmiths transaction fees, the ability to enter cash purchases, and 24/7 customer support.

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Banamex Deploys EMV-Compliant mPOS

BANAMEX launched iAcepta Móvil Banamex, an application developed by Stratus Technologies Mexico / Central America called S-Pay mobile POS. Compatible with handheld devices to make completely secure mobile payments, the immediate benefit is that those providing goods or services can take payment from their clients immediately and securely using credit or debit cards with an incorporated chip. This is the first mPOS solution from BANAMEX that meets EMV certifications and can accept payments from MasterCard or Visa chip cards. To build this solution Stratus worked with its Ecuadorian partner B-Wise (Business Wise), which is a pioneer using this technology in the continent.

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Wincor Nixdorf Expands Globally

Wincor Nixdorf is opening a new representative office in Nigeria. This is intended to support the company in implementing the country-specific requirements of its partners and customers more rapidly and precisely in the form of tailored technology solutions. In addition, a local presence will improve customer service even more in order to support the business expansion with solutions from Wincor Nixdorf. Measured in the number of delivered ATM units, Wincor Nixdorf is already the clear market leader in Nigeria and No. 2 in Africa as a whole. Among its customers are nine of the ten largest Nigerian banks. And the potential is immense: according to the Central Bank of Nigeria (CBN), the country’s dynamically growing financial institutions plan new installations of up to 70,000 ATMs over the next ten years.

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First Data Analysis Shows 7.1% Dollar Volume Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data payment processing released its SpendTrend analysis for June, compared to June 2012. Tracking same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations, SpendTrend found year-over-year dollar volume growth was 7.1% in June, compared to May’s 6.0% growth. Despite falling…

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C-Sam Adds to Leadership Team

C-SAM secure mobile transactions technology offering a range of mobile-based applications for financial as well as non-financial services announced Kurt Weiss and Conrad Sheehan have joined the company as managing director of global financial institutions and vice president and general manager of strategic initiatives, respectively. Weiss will work closely with financial institutions and networks deploying C-SAM’s mobile transaction platform that enables NFC, QR, cloud and remote payments, as well as location-based services. Sheehan will be responsible for global strategy and the implementation of key international projects for C-SAM. Weiss previously worked at Citigroup as the Director of Digital Networks & Mobile for the Fortune 20 Bank’s Citi Enterprise Payments group where he was responsible for the commercialization of digital network payment ecosystems leveraging Citigroup’s core payments infrastructure on a global basis. Sheehan founded mPayy Inc., an electronic payment company focused on NFC-stored value payments for transit authorities and private sector companies (the company was later licensed to NTT DATA where he then led North America payments solutions).

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Alliance Data Inks Private Label Credit Card Program Agreement

Zale Corporation has signed a new, multi-year private label credit card program agreement with Alliance Data Systems Corporation. Through its Comenity Capital Bank (“CCB”) subsidiary, Alliance will provide private label credit cards to customers of Zale in the United States. Following the completion of program implementation during the first half of fiscal 2014, Zale will begin to receive benefit from Alliance Data’s extensive marketing, analytical and technical services. For each of Zale’s U.S. brands, Alliance Data will provide proven marketing and database capabilities, sophisticated analytics and a suite of omnichannel marketing tools designed to generate sales and extend brand affinity. Alliance Data will also provide a portfolio of innovative tablet and mobile marketing solutions for fine jewelry that are designed to optimize cardholder acquisition and retention. In addition, Zale will receive a commencement payment in July 2013 from CCB.

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Square Available in Apple and Best Buy stores

Square announced the public availability of Square Stand, Square’s beautiful hardware that helps brick and mortar businesses turn an iPad into a complete point of sale. Square Stand”and third party accessories, like a cash drawer, receipt printer, and barcode scanner”is now available online via squareup.com/stand, with purchases shipping this week to customers who placed pre-orders. Starting today, customers will also now be able to purchase Square Stand in Apple retail stores and Best Buy stores across the U.S. With local businesses increasingly tearing out their old point of sale systems to run Square Register, the free point of sale application, Square Stand gives merchants a beautiful, secure, and reliable way to manage and grow their business, all for $299.

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