StarHub mWallet adds P2P Redemption with C-Sam

C-SAM secure mobile transactions technology and StarHub info-communication announced the newest update to the SmartWallet mobile app which will enable NFC and P2P mobile ticketing services. The mobile ticketing innovation is the world’s first NFC mobile wallet with P2P redemption of movie tickets. StarHub’s SmartWallet will allow customers to purchase Shaw Theatres movie tickets with their NFC-enabled mobile phones and then redeem these digitally stored entrance tickets with a single tap of the phone on a contactless reader at the cinema. This new capability reduces the time customers spend purchasing and redeeming tickets, creating a compelling and seamless customer experience for movie ticketing. Shaw Theatres, a leading theater group in Singapore, is the first company to deploy the NFC mobile ticketing service. SmartWallet offers three contactless payment card options: credit card, pre-paid card and an ePurse transit card.

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Western Union Marks Continued Global Expansion

Western Union made its services are now available in 13 of Myanmar’s 14 states and divisions, with the addition of 100 branches at Kanbawza Bank (KBZ Bank). Since the launch of Western Union Money Transfer services at six bank Agents in January this year, consumers from 74 countries including Australia, Canada, Japan, Malaysia, Singapore, Thailand, UAE, US, UK and other European countries, have sent money into Myanmar through Western Union. With the addition of KBZ Bank, the Western Union Money Transfer service is now offered through a combined network of 250 bank branches across seven divisions and six states in Myanmar.

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Square 1 Bank Launches Square 1 Asset Management

Square 1 Bank banking partner launched its Square 1 Asset Management. A subsidiary of Square 1 Bank, the firm is a cash management solution designed exclusively for corporations and their institutional investors. Focused on adding value through a client-centered process of understanding risk tolerance and investment objectives and providing individualized investment advice, Square 1 Asset Management offers clients customized solutions tailored to meet their unique corporate cash management needs.

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OpenCoin Acquires simplehoney

Simple Honey has been acquired by OpenCoin. Building the “Ripple” protocol for a new virtual currency and distributed open source payment network, OpenCoin will be composed of the simplehoney consumer engagement team to focus on usability. The simplehoney team has successfully launched targeted vertical applications for the travel and shopping categories. At OpenCoin, they will help build a new open source, distributed payments network and virtual currency called Ripples.

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iZettle Upgrades Social Payment Apps

iZettle social payments company offers its customers have everything needed to take credit, debit, and cash transactions wherever they operate their business. iZettle users who need a cash drawer or an alternative to email receipts, the company’s Chip & Signature and new Chip & PIN card readers for iPhones and iPads can now wirelessly connect to Star Micronics’ range of MFi certified desktop and mobile printers. iZettle has also updated its free sales overview tools with easy-to-read graphs, sortable by year, month or week. The new metric boxes display revenue, top selling products, transactions, average payment volume and returning customers.

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Fime Upgrades MasterCard PayPass Test Tools

FIME testing and consultancy services for acquirers integrated the MasterCard Terminal Integration Process (M-TIP) questionnaire to its SAVVI test tool to validate that payment terminals are compliant to the MasterCard PayPass Specification v.3.0.1. The latest requirements from MasterCard support advancements in mobile payments, including features such as personal identification number (PIN) entry via a mobile device to authorise a transaction. All European acquirers must ensure that from 1 July 2013, M-TIP projects for point-of-sale (POS) terminals and automated teller machines (ATMs) comply to the latest MasterCard PayPass Specification v.3.0.1. Furthermore, from 1 January 2014, acquirers can no longer equip new merchants with PayPass v.2 terminals, as every deployment must be based on this latest specification. Ensuring compliance to the new MasterCard PayPass Specification will promote consistent and secure adoption of contactless and mobile payment transactions across Europe.

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SIA Integrates Sinsys

The Shareholders’ Meetings of SIA and of SiNSYS have approved the transnational merger through incorporation of Belgian subsidiary SiNSYS into SIA, thereby completing the process of integration of the two companies, aimed at further consolidating the Group’s international coverage and achieving greater operational efficiency with consequent economic advantages. The operation, effective from the beginning of 2013, does not entail any modification to the composition of the Board of Directors of SIA and provides for the cancellation without exchange of all the shares representing the entire corporate stock of SiNSYS, since SIA already possessed 100% of the stock following the acquisition from Atos Worldline of 49% in July 2012. The activities of SiNSYS, specializing in the management of payment transactions with international debit and credit cards with over 1 billion operations annually, around 30 million cards and 700,000 merchants in 12 European countries, will therefore be continued by SIA.

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KFC Deploys Airtag for Mobile Ordering and Payment

AIRTAG Mobile Shopping Solutions partnered KFC UK & Ireland to launch its mobile and web app for ordering and payments called “KFC Fast Track.” KFC is using AIRTAG’s Airshop Solution, which is an all in one package platform that enables proximity retailers to launch self-branded interactive mobile and web apps for advanced ordering and payments. Starting immediately, KFC will be piloting Airshop in ten restaurants across the UK which is a center for international trial and rollout of technology based solutions. The app is available for iPhone users and the web app is soon to be available for all connected devices. It features geolocation to easily locate the nearest KFC, mobile & web ordering and payment capabilities, a mobile check-in feature for in-store order recall and a customer account so users can store ordering history, favorite products and payment details for one click payments.

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Global Payments to Support Visa V.me

Visa Europe confirms that Global Payments will be the second card payments processor to support the launch of the V.me by Visa digital wallet service in the UK. Global Payments, the UK’s third largest card payments processor, will use its relationships with retailers across the UK to ensure that the V.me by Visa acceptance network grows rapidly from launch. The V.me by Visa digital wallet service will be available from and promoted by Visa’s members including RBS, NatWest and Nationwide. It’s easy for consumers to pay through the internet browser on a PC, laptop, tablet or smartphone. Consumers will be able to store all their debit, credit and prepaid cards into the wallet and then use them to pay at accepting retailers without entering card details.

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March Discover Spending Monitor Drop a Notch

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Discover U.S. Spending Monitor was flat in March, dropping just one half point to 93.3, as consumer confidence in the economy and personal finances slightly declined. The decline in economic and financial confidence was largely driven by consumers ages 18 to 39 and those making under $75,000. However, plans to…

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Spindle mPayments Partners TruEffect Advertising

Spindle mobile payments solutions reached an agreement with TruEffect First-Party display advertising technology, integrating its “MeNetwork” mobile marketing platform to TruEffect’s display advertising services. TruEffect will be able to use the Spindle “MeNetwork” platform to deliver location- and time-relevant offers from major retailers and restaurants to consumers through their mobile devices. Subsequently, TruEffect will utilize its sales force and customer relationships in an effort to increase the volume of merchants on the “MeNetwork” platform, which will in turn leverage TruEffect’s First-Party display advertising platform to acquire customers. TruEffect’s technology is designed to enable more efficient delivery of web-based marketing programs, and give advertisers and agencies greater visibility into the effectiveness of campaigns.

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Premier Community CU installs Diebold Share ATMs

Diebold and CO-OP Financial Services are launching the credit union shared branching model in the self-service channel. With this, Diebold is installing its “Opteva” ATMs, featuring CO-OP NextGen ATM shared branching solution at Premier Community FCU. The solution enables members of participating CO-OP Shared Branching credit unions access to other credit union accounts or sub-accounts such as a CD or an IRA using Premier Community’s ATMs. Standard ATMs can normally only access accounts linked to an ATM/debit card limiting most transactions to checking and savings accounts. The ATMs further enhance convenience with Diebold’s deposit automation technology. The shared branch ATMs feature deposit automation technology, which allows members – and members of participating CO-OP Shared Branching credit unions – to complete envelope-free cash and check deposits. The ATMs automatically process deposited notes and checks, along with many other transactions, allowing Premier Community members more flexibility at a self-service device.

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