Deductr integrates HyperWallet POS Solution

Deductr business expense tracking and reporting system for small business owners and hyperWALLET Systems will integrate their respective services to provide customers a way to pay for, track and record business expenses at POS. Users of hyperWALLET’s prepaid cards can now simply swipe their cards at a merchant’s point of sale, enabling their purchase information to automatically be imported into Deductr’s online software for automated expense tracking. This one-step process eliminates the tedious and time-consuming manual receipt tracking efforts that typically hinder business owners from claiming all their tax deduction entitlements. hyperWALLET’s integration with Deductr further enhances a cardholder’s experience as they can now effectively manage their business expenses in a simple, hands-off manner and realize the full potential of their tax deductions and entitlements.

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Gyft Gift Card Platfrom Adds Bitcoins Support

Gyft mobile gift card platform added support for bitcoin purchases of gift cards on the Android platform, through its partnership with BitPay payment processor for bitcoin. Customers are now able to buy mobile gift cards using bitcoins and redeem them at over 50,000 physical retail locations across the USA including GAP, Lowes, Sephora, GameStop, American Eagle, Sports Authority, Nike, Marriott, Burger King, Fandango, Brookstone, and many more household brands. Users just download the Gyft app, select bitcoin as the payment method at checkout and make the payment from the bitcoin wallet.

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First Data Announces Merchant Credit Financing

First Data Merchant Solutions, First Data’s direct-to-market merchant acquiring business, announced the availability of its “Merchant Cash Advance” program. Allowing small and medium sized businesses that accept card payments to access an alternative source of funding to increase cash flow, “Merchant Cash Advance” is available to both new and existing First Data Merchant Solutions customers and provides a lump-sum advance based on the merchant’s monthly card transactions. The advance is automatically paid back through a fixed, specified percentage of daily card processing settlements with First Data Merchant Solutions. Because there is no fixed payment amount, during quiet trading periods the repayments are lower, further helping cash flow, while the reverse is true for higher-volume trading periods. To be eligible for an advance, merchants must typically process at least GBP1,000 per month in card transactions, have a good standing with their landlord and no unresolved bankruptcies.

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Post Office Deploys Mass Rollout Across Europe

Post Office has installed contactless payment terminals across 30,000 counter positions in its unrivalled network of over 11,500 branches across the UK. This makes the Post Office the biggest user of contactless acceptance technology in Europe allowing customers to pay for transactions of up to £20 using contactless cards and Near Field Communication (NFC) equipped mobile phones with a simple tap of their card or mobile phone at the counter position. The Post Office is currently undertaking the biggest transformation program in its history.

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FIS to Demonstrate mPayment Solution

FIS will be showcasing its Mobile Wallet with Cardless Cash Access at FinovateSpring 2013. A white-labeled, cloud-based mobile payment and offer redemption solution that allows financial institutions to fully brand and manage the customer experience, while offering consumers convenience and best-in-class security. The FIS Mobile Wallet enables the issuer to facilitate mobile commerce, maintain control of customer and transaction data and, most importantly, keep an institution’s brand at the center of the customer experience. Consumers benefit from the convenient and easy-to-use mobile solution as well as financially from coupons, loyalty programs and merchant-funded rewards.

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SCIL-EMV Academy Forges EMV, mPayment Partnership

The Electronic Transactions Association (ETA), the trade association for the global electronic payments industry, and SCIL-EMV Academy, America’s EMV Training Experts, announced a new EMV and mobile payments training and education initiative. Designed exclusively for ETA Members, the program provides technical and business information and training to help the U.S. payments industry migrate to the new EMV chip based credit and debit cards. Initially, SCIL-EMV Academy will deliver five core workshops. EMV courses will be arranged privately onsite, online, and at SCIL-EMV Academy public workshops across the USA. The first EMV workshops will be administered in May, and will be available on ETA and SCIL-EMV Academy websites. For more information, ETA members should contact Stewart Chalmers at stew@emvacademy.com or by telephone at 818-681-3588.

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SunGard Announces ATM & Reconciliation Solution

SunGard launched its IntelliMatch Operational Control solution for ATM & Card Reconciliation. This helps financial institutions achieve smarter operational efficiency by streamlining their ATM and Card reconciliation processes to help minimize costs and reduce risk. SunGard’s IntelliMatch Operational Control helps financial institutions deploy enterprise matching and reconciliation solutions. This helps with agile business growth through rapid on-boarding of new reconciliations, consolidation of infrastructure and processes for a lower total cost of ownership, and optimization of processes for greater business efficiency.

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Western Union Wins Three Separate Prepaid Awards

Western Union global payments has won three separate awards for its stored-value programs. They include a PayBefore Europe Best-in-Category Award for “Best Prepaid Incentive, Reward, Rebate or Loyalty Card Program” for the Western Union MyWU Prepaid Card; The PayBefore Award for “Best Network-Branded Gift Card,” a nod to the company’s unique “Gift and Greeting Card” program in the U.S.; and the Banking & Payments Asia Trailblazer Award for “Product Excellence in Prepaid Payment” for the introduction of general-purpose reloadable (GPR) accounts in the Philippines and India. The platform enables the company to introduce new stored-value solutions in markets around the world by joining forces with local companies.

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First Data Analysis on Same Store Payment Methods

First Data electronic commerce and payment processing released its “SpendTrend” analysis for April 2-29, 2013, compared to April 3-30, 2012, tracking same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations. Year-over-year dollar volume growth increased 5.1% in April, a slowdown from March’s 6.0% growth. Dollar…

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Viamericas Partners Earthport to Embark Internationally

Earthport cross-border payments partnered Viamericas remittance payments to support its strategic growth outside the Americas, by which Viamericas will leverage Earthport’s global cross-border payment capabilities. Now Viamericas to expand its customer base internationally and provide more efficient, predictable and cost-effective direct-to-bank remittance transfers. As a company with an established service for the Latin American market, Viamericas was ranked by the Inter-American Dialogue as the first place remittance provider for the region in their 2012 Remittance Scorecard report. With remittance flows to the developing world expected to grow by 7.9% this year and reach a 10.7% increase by 2015, Viamericas needed a partner that could enable it to capture a bigger share of this growing market.

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