Barclaycard PayBand Set for Concert Debut

Barclaycard PayBand contactless payment wristband has been made available to attendees at this July’s Barclaycard presents British Summer Time Hyde Park event. Barclaycard presents British Summer Time Hyde Park will bring together a host of national and international stars in a series of concerts, comedy shows, films, and family entertainment events. Headlining acts include Bon Jovi, Elton John, JLS and The Beach Boys, Lionel Ritchie and Jennifer Lopez, and The Rolling Stones. With the PayBand concertgoers will be able to beat the queues with fast-track entry, keep connected with Facebook updates, and enjoy the convenience of making quick, easy and secure contactless payments for anything £20 and under at the event.

Details

Conference Board Shows Economy on Steady Assent

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Leading Economic Index for the U.S. was up 0.1% in May to 95.2 (2004 = 100), following a 0.8 percent increase in April, and a 0.3 percent decline in March. The LEI six-month growth rate remains steady, suggesting that conditions in the economy remain resilient. Widespread gains in…

Details

CTS Ups Back Office Check and Item Processing Speed

CTS North America branch automation solutions increased the speed of its LS515-SE dual-pocket bulk check and item scanner by 50 percent, further increasing efficiency and streamlining operations for high-volume branches, regional processing centers and remittance and lockbox applications. For financial institutions, the speed upgrade adds to the LS515-SE’s existing durability and provision of increasing back office efficiency at a lower cost and smaller size than competing solutions. Highly engineered front and rear check imaging technology allows the LS515-SE to process 180 documents per minute (DPM), resulting in an even higher rate of production while maintaining its reliability and low jam rates. As a result, banks and credit unions see an immediate improvement in back-counter operations and high-volume bulk check and item processing.

Details

iyzico Payments Raises $1.4m Expansion Funding

After launching iyzico payment platform, iyzi Payments announce that they received Series A investment of 1.4 million US dollars. iyzi Payments will use the investment to accelerate the company’s growth. The company founders, Barbaros -zbugutu, a former manager at Klarna, and Tahsin Isin, a former executive at ClickandBuy, inform that they received investment worth 1.4 million US dollars from a group of leading international business angels. With iyzico merchants can host their payment solution themselves and still be PCI-compliant.

Details

Ukash Partners Limonetik on Regional Expansion

Ukash online cash service selected Limonetik to help accelerate its expansion in the French e-commerce market. Ukash can be purchased at more than 460,000 locations around the world (currently 57 countries), including more than 42,000 points of sale in France, enabling consumers to use cash to shop, pay and play online safely, securely and conveniently. By working with Limonetik, Ukash will be made available as a payment option on larger e-commerce sites without having to connect to multiple payment platforms (PSP) and without heavy integration with back office merchants.

Details

Petro-Canada Implements NCR Software

NCR announced Suncor Energy has selected its “Retalix StorePoint” POS and fuel management software for the company’s Petro-Canada branded retail network. Petro-Canada has more than 1,500 retail outlets across the country and is rapidly expanding its use of technology to enhance shopper experiences and to drive shopper loyalty. Suncor Energy chose StorePoint because the software met the company’s immediate needs and is easily expandable and adaptable to meet future needs. Suncor plans to ramp up marketing and promotions activity at Petro-Canada stores in the near future. This was one of the major considerations in Petro-Canada’s selection of StorePoint. The software supports Suncor’s current needs and can quickly bring new marketing and promotions initiatives to Petro-Canada shoppers as those initiatives are finalized and rolled out.

Details

KBank Enlists Diebold’s Personalised ATM services

Kasikornbank Public Company Limited (KBank) is delivering highly personalized consumer experiences at the automated teller machine (ATM) with a new solution from Diebold. The Diebold Keep In Touch (D-KIT) customer relationship management (CRM) solution combined with Agilis® 3.0 multi-vendor Software enables KBank customers to personalize ATM screens and save favorite transactions for quick access. Diebold is implementing the CRM solution while adding 700 new Opteva® 529 and 569 ATMs to KBank’s fleet of nearly 7,000 Diebold terminals. In addition, Diebold is providing outsourced services that support KBank’s ATM personalization deployment strategy. KBank’s new Opteva® 529 and 569 ATMs using advanced technologies and Agilis 3.0 software provide advanced functionality and enhanced consumer security.

Details

Cellum Launches Subway Passenger mPayments

Vivacom and Cellum Bulgaria has held a joint demonstration of a technology for purchasing and using e-tickets via mobile phones on Bulgarian subway lines. The mobile payment solution is based on QR codes and can be implemented in the next 7-12 months. It was pointed out by Stoyan Bratoyev, CEO of Sofia Metropolitan that the first positive step has been made and the technical solution has proven to be reliable. The next step to take concerns procedural decisions for bringing the solution and the current regulations of the Municipality in line with each other. Cellum Group has launched its first complex mobile payment solution in Bulgaria, named CellumPay, merely half a year after the founding of its Sofia-based subsidiary. Following the first few months of the introductory phase, this new announcement marks a new milestone in the company’s history. The e-ticketing service will be integrated into CellumPay, thus users will be able to purchase subway tickets through the application.

Details

Banamex Partners Ingenico on Contactless Payment Offering

Ingenico payment solutions will support, along with Banco Nacional de México, Banamex, one of the leading financial institutions in Mexico, the deployment of the new contactless payment technology. After some months performing on-field tests with different technology providers, Banamex will continue with the massive introduction with the Ingenico countertop iCT220 and iCT250, portable iWL220 and the PIN Pad iPP320. Making this technology available for 30 thousands retailers and customers during 2013, this initiative will allow the retailers from the different productive sectors serving sundry segments of the population to accept over 1.000.000 contactless cards recently issued in the country.

Details

MasterCard and Western Union Partner on Small Biz Payments Service

MasterCard and the Western Union Company announced a dedicated international payments service that will increase the flexibility with which small and medium-sized businesses can conduct cross-border trade. The new direct foreign-exchange capability will be provided by Western Union Business Solutions and available to all companies that use the MasterCard Business Network, an online resource that helps streamline business operations and enhance productivity for small and mid-sized businesses. Customers will have access to a dedicated online foreign payments portal at www.mastercardbusinessnetwork.com, which will feature the ability to send international payments in over 135 currencies directly from their bank account to a foreign recipient’s bank account from a computer, tablet or mobile phone; Real-time quotes and transparent and competitive foreign-exchange pricing; Dedicated customer service available 24 hours a day, seven days a week.

Details

Seattle Small Business Owners More Positive Than Nationwide

Seattle area small business owners believe that the Seattle economy is stronger than the national economy, according to the 2013 Chase-Seattle Metropolitan Chamber of Commerce Pulse of the Small Business Survey. With this, 83% of Seattle area small business owners feel that their local economy is stronger than the national economy compared to 55 percent nationwide while 56% of Seattle area small business owners believe the national economy is getting better, compared to 34% nationwide. Additionally, 34% expect their businesses’ revenue to increase by more than 10 percent while 52% reported an increase in revenue over the past 12 months, compared to 44 percent nationwide, fueling Seattle area small business owners’ positive economic outlook. The survey results were released today by Chase at a Seattle Metropolitan Chamber of Commerce event. Also, 42% of Seattle area small business owners believe that their local economy has had a positive impact on the growth of their business, which is 22 percentage points higher than those nationwide. Over the past year, Seattle area small business owners have increased contracts and their customer base (34 percent), expanded products and services offered (33 percent) and hired more employees (22 percent) – all signs of a strong local economy.

Details

ACI Worldwide Survey Shows EMV Adoption to mCommerce

ACI Worldwide payment system released the results of a new survey of banks, retailers and payment processors that sheds new light on industry trends related to EMV, mobile payments and banking, fraud and innovation. With this, ACI found that those intimately involved in banking and payments believe that EMV is poised to drive the adoption of mobile technology with 49% indicating the U.S. migration to EMV will result in consumers turning away from card-based transaction in lieu of mobile payments. Moreover, 32% noted that rolling out hardware updates (like POS terminals, ATMs, etc.) would present the largest issue; 26% believed the biggest challenge would be educating and training business constituents along with driving consumer awareness and adoption; and 24% said they were most concerned about meeting compliance and liability shift deadlines. When asked what trend would have the biggest impact on the banking and retail, 19% disclosed it would be the adoption of mobile banking; 12% believed more banks will offer online/mobile bill pay services; and 11% believed that industry and regulatory mandates will slow mobile rollout.

Details