Wincor Nixdorf Allows ATM Withdrawal on Smartphones

Bank customers will now be able to withdraw cash from ATMs using their smartphone instead of a bank card through the Wincor Nixdorf enhanced PC/E Mobile Cash app for Android and iOS in October 2012. For the iPhone, Wincor Nixdorf is the first vendor of ATMs to integrate this service in Apple Passbook using Apple passes while for Android users, it has been integrated directly in the Wincor Nixdorf app. Bank customers use the app on the smartphone to prepare their withdrawal quickly and conveniently. Bank customers simply select the Mobile Cash function and then control the rest of the previously prepared transaction from their smartphone. The QR code, which is stored either in Apple Passbook or Wincor Nixdorf’s PC/E Mobile Cash app, is read in at the ATM, replacing authentication via bank card. A transaction PIN can also be entered as an additional security feature.

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ACI Worldwide Sales Up 81% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] ACI Worldwide payment systems posted 4Q/13 sales of $309 million, up $138 million by 81% since the year ago figure, to which S1 contributed $81 million. Historical ACI sales increased $57 million by 33% from the year ago figure of $171 million. Meanwhile, 2012 sales totaled $766 million, up $210 million…

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TIO Networks Partners First Data, Expands Services

TIO Networks bill payment processor expanded its services to First Data’s Money Network Prepaid Service to include bill payment as well as the purchase of prepaid telecommunication services. TIO’s platform enables Money Network prepaid account holders to pay their bills online as well as purchase minutes for their prepaid mobile phones. Money Network account holders are able to manage their bills online in one convenient place, viewing their payment history, making one-time payment or scheduling reoccurring payments for thousands of billers.

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Discover Launches New Direct Banking Solution

Discover Financial Services launched its Discover “Cashback Checking” direct banking product. Featuring credit cards, home loans, student loans, personal loans, CDs, money market accounts and savings accounts, “Cashback Checking” accounts pay customers 10 cents for every debit card purchase, Online Bill Payment and check they write, automatically added to the account holder’s Discover card Cashback Bonus balance. With no monthly fees, no minimum balances, free checks and replacement cards; an app that lets customers easily bank on the go with mobile check deposit, mobile bill pay and an ATM locator; and $0 fraud liability for unauthorized transactions and bill pay protection, a full suite deployment is projected for 2014.

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NCR Deploys POS Solution with Modell\’s

NCR Corporation is set to provide retail technology and services to the 154-store Modell’s Sporting Goods chain by 2Q/13. Modell’s will deploy 1,000 “RealPOS 82XRT” POS terminals and implement NCR services and support over a multi-year period, NCR’s first engagement with the Company. Selected to support Modell’s chain-wide strategy to enhance customer service and loyalty by offering a faster check-out experience along with content and offers at the POS, “RealPOS” terminals support high definition video and graphics on customer-facing displays, increasing the effectiveness of all loyalty program promotions and offers.

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Equens Processes 1B SEPA Transaction

Equens processed its billionth Sepa transaction last week since the launch of the Sepa Credit Transfer (SCT) scheme in January 2008 and the introduction of Sepa Direct Debit (SDD) in November 2009. Equens’ systems has taken five years to reach the mark of 1 billion SEPA transactions, as many market participants have not yet prepared themselves for the SEPA migration. This despite the fact that the vast majority of the European payments market still needs to actually migrate. In 2012 SEPA payments accounted for only 4.3% (446 million out of 10.4 billion) of all payments processed by Equens. Equens processes SEPA transactions for banks and between clearing & settlement parties from sixteen countries, with Belgium, Finland and Germany delivering the highest volumes.

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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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