Co-operative Extends Contactless Payment Offering

The Co-operative Group is extending its contactless payment technology to almost 2,000 food stores, which allow customers to pay for goods worth GBP20 or less with a simple tap, will go live in 1,800 food stores nationwide. The Group installed contactless payment terminals in almost 170 food stores within the M25 and in Manchester city centre in time for last year’s Olympics, and has already got contactless payment facilities across its Pharmacy branch network. The Co-operative Bank has also commenced its roll-out of contactless debit and credit cards with around 700,000 cards issued to date. Contactless payment technology currently allows customers to make purchases without the need to enter a PIN number or insert their card into a payment terminal, which speeds up the paying process.

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Cardholders Continue to Pay Down Credit

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fitch’s January Monthly Payment Rate(MPR) Index continues to sit above the 20% mark, currently recorded at 21.52%. Up 5.42% since the year ago period, MPR has consistently remained well above the historical average of 16.55% since 2009. MPR, which measures how quickly cardholders are paying down outstanding balances, is typically stronger…

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MoneyGram to Partake in Credit Suisse Conference

MoneyGram International announced that Alex Holmes, executive vice president and chief financial officer, will participate at the Credit Suisse Global Service Conference in Arizona March 11. The discussion will take place at approximately 10:30 a.m. Eastern Time / 7:30 a.m. Pacific Time at the Phoenician. The presentation will be available via webcast in the Investor Relations portion of moneygram.com.

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Foursquare Specials for Credit Cards Implements First Data

First Data electronic commerce and payment processing is working with Foursquare to extend their already-successful Foursquare Specials for Credit Cards program to now accept Visa and MasterCard, and most debit cards. Foursquare has integrated the First DataSM OfferWiseSM solution that seamlessly allows users to sync their card, and then swipe at a participating merchant location to redeem offers and receive automatic savings. First Data merchants participating in the Foursquare Specials for Credit Cards program will now be able to drive measurable and incremental purchase volume through this expanded feature, offering secure, value-added POS convenience. The integrated, card-linked structure of the OfferWise solution combined with Foursquare Specials creates a friction-free POS experience for the consumer.

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nCircle Launches PCI DSS Compliance Package

nCircle security performance management solutions integrated its nCircle Certified PCI Scan Service in the PureCloud security services platform, giving users access to vulnerability scanning, web application scanning and automated PCI scanning. Improving network security and compliance with PCI DSS, the PCI Scan Service enables smaller organizations and businesses to cost effectively achieve PCI compliance and improve network security. With an average of 5,000 new vulnerabilities discovered each year, regular or continuous vulnerability scanning is an essential security best practice. nCircle is offering a PureCloud Small Business Compliance Package that provides five IPs of PCI scanning and five IPs of comprehensive vulnerability and web application scanning, enabling smaller organizations and businesses to achieve PCI compliance and, at the same time, improve network security.

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19 mPOS Solutions MasterCard ‘Best Practices’ Certified

MasterCard announced the availability of a global list of solutions that meet industry standards and MasterCard best practices for Mobile POS. Small businesses and retailers that have never accepted card payments and previously operated on a cash- and invoice-only basis are turning to mobile point-of-sale (MPOS) solutions to expand their customer base and sales. Established retailers are also adopting MPOS solutions to engage customers in-aisle and enhance the retail and payment experience. MasterCard introduced the MasterCard Mobile POS Program to provide guidance to Mobile POS solution providers and promote simple and secure transactions when consumers use their debit, credit and prepaid cards to pay merchants that use these devices.

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VeriFone and SK C&C Team On mWallet Acceptance

VeriFone Systems, and SK C&C IT services are partnering on the deployment of open interface standards and technology platforms for management of digital wallet services, acceptance solutions and mobile commerce. SKC&C adopted VeriFone’s OpenAPI common interface standards that govern communication between a mobile wallet and a merchant’s acceptance device. The OpenAPI standards ensure that value-added wallet data such as offers, coupons and loyalty, are universally accepted and flow seamlessly through merchant systems without disruption of traditional transactions. VeriFone’s “PAYmedia” Mobile Marketing Platform connects the independent ecosystems of issuance and acceptance into one fully integrated environment.

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Datacard Group Enhances Passport Solutions

Datacard Group secure ID and card personalization solutions announced the Colombian government is continuing to enhance and expand their passport program with its passport issuance system. In partnership with Identificación Plástica S. A. “an Enterprise Solutions Provider (ESP) for Datacard Group, the combined integrated solution for the Colombian government includes Datacard high throughput passport issuance systems; desktop systems for regional issuance, as well as in-country local services and support provided by Identificación Plástica S. A. The Datacard PB6500 passport issuance system is utilized for the central issuance of the Colombian citizens’ passports. It is an automated, inline high-volume passport production system offering a flexible, modular design.

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Credit Card Chargeoffs Improve 22% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. credit card ABS chargeoffs rebounded in December after 6 months of declines while delinquencies continued decline, according to Fitch Ratings. Payments 60+ Day Delinquent dropped 10 basis points (bps) after coming to a halt for the last three months, down 1.63% to a new historical low, pushing late stage delinquencies…

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