Virtual Piggy Finalist in Innotribe Startup Showcase

Virtual Piggy has been selected as a finalist at the SWIFT Innotribe Startup Showcase in the Innovator category for growth-stage start-ups in the London region. The company will present its technology alongside finalists from other regions in Dubai this September. Virtual Piggy competed against 14 other startups at the Innotribe Challenge Showcase in London last week to secure its place as a finalist for the $50,000 grand prize and continuous exposure to investors and financial institutions via the SWIFT global community. Having presented its payment solution to a panel of the financial industry’s leading angels, VC’s and decision makers, Virtual Piggy demonstrated how its financial management allows youth under 18 to make purchasing, saving and other money management decisions for themselves.

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When Will Americans Learn to Manage Credit?

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The ever-predictable American consumer is back at it. After having cut the overall consumer credit card debt by over $200 million during the past four years from the brink of the $1 trillion mark, Americans are pulling out the plastic once again. Why you ask? Because the economy is showing the…

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CO-OP Financial Services EMV Certified

MV-enabled Visa debit cards functioned successfully in at least six countries for members and staff of Bank-Fund Staff FCU, with online transaction processing performed by CO-OP Financial Services. CO-OP has passed EMV certification with Visa, based on its work with Bank-Fund Staff FCU as the test credit union. Bank-Fund Staff FCU tested CO-OP’s Phase I processing solution of online EMV transactions from a contact EMV card. Bank-Fund Staff FCU issued 11 EMV-enabled Visa debit cards to members and staff during the pilot EMV period, which extended from late December to early April. This is the first step in the credit union’s overall EMV strategy.

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FIS Amends Existing Credit Agreement

Fidelity National Information Services completed an amendment to its existing credit agreement. The transaction resulted in the increase of FIS’ revolving loan capacity by $850 million to $2.0 billion and the amendment of certain terms and conditions, including the removal of provisions regarding the granting of collateral by FIS and its subsidiaries. The unsecured credit agreement totals $4.0 billion in the aggregate, including $2.0 billion of term loans and $2.0 billion of revolving loan capacity. The maturity of all obligations under the amended credit agreement remains unchanged at March 30, 2017.

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Barclaycard Launches Barclaycard TV Highlighting Benefits

Barclaycard has introduced a new component to its website that will host accessible and informative videos illustrating how different individuals use specific online mybarclaycard services to make their lives easier. Barclaycard TV will be an additional channel on the brand’s website hosting a variety of straightforward videos demonstrating the benefits of mybarclaycard, an online servicing platform that allows customers to digitally manage their accounts. The inaugural three videos on Barclaycard TV show real life examples of how different people can use mybarclaycard to their advantage according to their specific needs and lifestyles. In one video, a family heading out on holiday discuss how they used the service to manage their spending wisely. They set a balance limit to alert them when they’ve hit a certain amount, and explain how easy and quick it is to recover a forgotten PIN. In another video, a couple moving in together are faced with a long list of items needed to furnish their new home. The third video peeks into the life of a busy cab driver, exploring how he feels greater control and security by being able to access his accounts and pay his bills on the move.

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GlobalCollect and Vindicia Strengthen Partnership

GlobalCollect payment service provider, and Vindicia, enterprise-class subscription billing, strengthened their partnership by integrating their platforms even further. This will allow digital media companies to effectively bill and accept payments from customers using a wide variety of business models and payment methods and across the increasingly borderless world created by the Internet. The joint solution pairs Vindicia’s CashBox – a marketing, CRM and billing platform – with GlobalCollect’s global online payment service, which currently processes more than $14 billion per year in online transactions for more than 500 tier-1 e-commerce companies around the world. GlobalCollect’s payment services platform offers digital merchants the ability to instantly acquire international customers in more than 170 countries and lets them pay with more than 150 different payment methods and 170 currencies.

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VeriFone Furnishes China PnR Managed POS Services

VeriFone Systems has been awarded a two-year contract to provide managed services for as many as 100,000 POS payment devices operated by ChinaPnR, a leader in China’s electronic payment industry. With this, ChinaPnR is outsourcing the management of increasingly complex payment devices to VeriFone so it can better focus on its core business. VeriFone is providing installation, training, and maintenance services for all existing payment devices and new installations over the course of the agreement. The agreement builds on VeriFone’s previous relationship providing operation and maintenance services for ChinaPnR’s air travel business units in 2012.

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Inspirato with AmEx Launches Business Solutions, Incentives and Rewards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Inspirato with American Express launched ‘Inspirato for Business’ for corporate meetings, incentives and reward travel for businesses looking to drive enthusiasm, increase productivity and renew company spirit. The new solution provides its corporate clients access to more than 130 private Inspirato vacation residences, valued at nearly half a billion dollars –…

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Microsoft Invites Sipree Start-Up Program

Microsoft invited enterprise payments startup Sipree to join BizSpark One, a program that identifies a small number of high-potential startups in the Microsoft BizSpark program comprised of more than 50,000 companies from over 100 countries around the world. Sipree was founded as an outgrowth of PayPal’s efforts to leverage its global network for the demands of Global 2000 enterprises and governments. Sipree helps companies connect to alternative payment networks by providing a bank-agnostic platform and flexible software that enables novel solutions. Microsoft is working to support current and future products on Windows Azure, its open and flexible cloud platform. Sipree leverages Microsoft’s cloud platform, development tools, and enterprise products such as Dynamics AX, Active Directory, SQL Server 2012 and their datacenter services.

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HID Global Unveils Instant Financial Issuance Printer

HID Global secure identity solutions launched its “FARGO HDPii” Plus Financial Card Printer/Encoder desktop solution for retransfer printing of financial cards. Featuring the company’s fifth generation of High Definition Printing™ (HDP®) technology, the new HDPii Plus enables the secure, instant issuance of both ISO magnetic swipe and contact/contactless EMV® cards at thousands of branch offices and other distributed locations, saving both time and money for the financial issuer while providing the card holder with a secure card that can be used immediately. HID Global will be demonstrating its new instant financial issuance solution at CARTES America April 23-25.

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