Bancorp’s TPC Payables Prepaid Visa a Paybefore Winner

The Bancorp Payment Solutions Group announced its TPC Payables Prepaid Visa Card has been recognized as a 2013 Paybefore Awards winner. Recognized in the “Best Business-to-Business Prepaid Card” category, the Payments Company (TPC) facilitates electronic payments between businesses, vendors, and employees. Backed by its proprietary software and AP advantage ePay Network, TPC provides a complete accounts payable disbursement solution that includes software integration, vendor enrollment, payment processing, and reconcilement. The Paybefore Awards is now in its seventh year.

Details

Deutsche Bank and GE Implement Multi-bank JPY Payment

Deutsche BankDeutsche Bank jointly developed and implemented its cash management solution with General Electric’s Treasury team. Customizing NTT Data’s eBAgent in order to streamline General Electric’s Japanese Yen payment and reporting processes, the partnership is focused on managing multi-bank relationships. Addressing issues of multiple proprietary banking platforms with different interfaces and formats, the Deutsche Bank’s solution helps address these issues by offering a single conduit to process multiple bank payments over NTT Data’s ANSER and harmonise the reporting into a unified format. It also lets clients consolidate their banking interfaces, saving on transaction and maintenance costs.

Details

Diebold Rolls Out Efficient ATM

Diebold launched its “Diebold 429” intelligent-powered ATM, designed to meet the increasing demand for self-service terminals. Built with a unique intelligent power management system, it automatically switches between three possible power sources (solar panel, alternating current (AC) grid and internal battery), maximizing terminal uptime, lowering total cost of ownership and delivering unprecedented convenience to consumers. Highly efficient, consuming approximately 40 percent less energy than the previous generation of cash dispensers, the self-service terminal has an integrated four-hour battery backup for enhanced ATM reliability. The Diebold 429 offers superior transaction opportunities, equipped with an optional single-note acceptor (SNA) that enables small-volume currency deposits and bill payments at the ATM, improving speed and convenience for the consumers.

Details

Spire Payments Acquires Thyron mPayment

Spire Payments acquired Thyron Payments Systems mobile payments to become the third largest Chip and PIN / PCI SRED MPOS solution. As a wholly owned Spire subsidiary, Thyron is pivotal to the Company’s mobile payment technology strategy. Thyron’s “PosMat Smart” provides the only MPOS solution for the micro merchant truly deployed in the field and compliant with latest Visa recommendation for Mobile Payment applications. The device enables small enterprises such as plumbers, builders, gardeners and mechanics to accept card payments by integrating easily with Smartphones and tablets and is secure due to the PosMate’s® PCI and EMV certification.

Details

Value-Based Card Pricing vs. Cost-Based/Market-Based Pricing

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] While some card issuers are offering special cardholder price discounting – no fees, low interest and balance transfers to raid competitors – none of these are really new initiatives. Given the lowering of outstanding card loans which many have suffered, we are surprised only that these strategies weren’t implemented far earlier.…

Details

eProcessing Network Offers Enhanced Data Bill Payments

eProcessing Network announced its “ePNBillPay” online Bill Pay Solution is fully integrated with ePN Level III enhanced data processing. This allows merchants who want to expand their customer base to include large corporations (B2B) and Government entities (B2G to include Level III information as part of their invoicing and purchase order processes and qualify for some of the lowest interchange rates available. The Level III processing allows detailed transaction data passed through its Web Order Template for Level III processing and track Level III transactions. When a transaction is routed through any of the processing platforms compatible with the ePN Secure Payment Gateway, the system validates the pre-populated fields to determine Level III status.

Details

LevelUp Hits 1mm User Milestone

Over the past 4 months, LevelUp doubled its users to hit the 1 million user mark. In doing so, LevelUp implemented migration tools allowing merchants to transition their loyalty card programs over to LevelUp without losing any data. As more and more merchants ditch their plastic loyalty cards for LevelUp, their customers are eased into the mobile payment revolution. Also, when LevelUp users discover an offer on the LevelUp app, they can share it to Facebook for all their friends to claim seamlessly. Additionally, merchants are jumping on board with LevelUp White-Label, because it’s the first payment offering ever to give merchants a fully branded mobile payment app, along with the user scale and technology behind LevelUp. And again, as bigger merchants jump on board with LevelUp, so do their customers.

Details

Plastiq Closes $6mm Funding

Plastiq online payments solution provider has closed a $6M round of Series A financing, jointly led by venture capital firms Atlas Venture and Flybridge Capital Partners. Investors from the previous round, NextView Ventures and Greenoaks Capital Management LLC, also participated alongside angel investors including Harvey Golub, former Chairman and CEO of American Express. The Plastiq online platform allows consumers to use their credit cards for payments in situations when they previously could not. Plastiq charges consumers a nominal fee for each transaction, historically charged to the merchant, for the added flexibility to strategically use their preferred credit cards. The Plastiq platform allows consumers and merchants to transact from anywhere in the world at any time from any internet-enabled device.

Details

Balanced Processing Adds Bank Payments

Balanced Processing has always supported payments from major credit/debit cards and now supports payment through consumer bank accounts. “Balanced Bank Payments” offers developers a white-label, RESTful API for bank account payments. Buyers don’t need to be redirected away from merchant website/app and won’t be required to create a Balanced account to pay with their bank account. Also added are bank account verification helpers to our API. This on-site, white-label ACH/bank payments API uses the ACH network to debit a buyer’s bank account.

Details

Mastercard Launches NFC Payment Project

MasterCard launched NFC payment services in Brazil on its Mobile PayPass technology platform, in partnership with Itaú, TIM, Redecard, and Gemalto. Giving consumers greater convenience and speed when shopping, through a more secure payment option, “Mobile PayPass” utilizes tap-payment charged to a virtual account stored in the account holder’s smart phone. As part of efforts to prepare the environment for the future of electronic payments, MasterCard is building the ability to connect MasterPass, its recently announced digital service, to a Mobile PayPass-enabled handset that has been provisioned for NFC payments at the cash register.

Details

Experian Intros Consumer Credit Bureau

Experian global information services launched its consumer credit bureau providing consumer credit reports to financial institutions, telecommunication and utility providers. The bureau’s launch will increase competition within the Australian market, by providing credit providers with greater bureau choice, and improved transparency for businesses and consumers about the credit granting process. From Experian’s portfolio of global products and services, the Australian credit bureau will offer a range of tools to help lenders manage their clients through the entire lifecycle and better understand risk.

Details