Monitise Triples Transaction Values

Monitise mobile banking, payments and commerce networks tripled the value of payments and transfers over its technology platform, live transactions and registered users in the last year, reaching an all-time high for the company in each category. The value of payments and transfers initiated via the Monitise Enterprise Platform is now more than $31bn on an annualized basis, compared with $10bn a year ago. The global Mobile Money business is handling 2bn transactions on an annualized basis, compared with 0.48bn in February 2012, underpinned by registered customers climbing to 20m from 6m in January 2012. North America is a significant market for Monitise with 10m direct registered end users. Monitise’s expertise in customizing mobile applications across a broad range of phone models and operating systems enables Visa to virtualize its existing accounts on mobile phones and offer Visa account holders globally a new array of payment types. V.me, Visa’s new wallet service for example, has been designed to take the friction out of commerce and is supported by Monitise.

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Oberthur Technologies Expands NFC Solution

Oberthur Technologies has been selected by Advanced Info Service telecom operator to provide “MIFARE DESFire” secure, contactless technology embedded in an NFC SIM card. The NFC SIM card with embedded MIFARE DESFire™ technology, DragonFly, is being launched for the first time in Asia with AIS, and will enable a mobile phone to be used as an e-purse to pay for public transportation and goods in Bangkok. Service users can also directly top-up credit on their SIM card and check both their balance and transaction history using their mobile phones. This new generation of NFC SIM card, boasts increased speed, security and convenience as well as best-in-class certifications and an integrated anti-virus. The dragonFly also allows rich applications to be embarked on the SIM.

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ONE METRIC CARD ISSUERS JUST DON’T GET RIGHT – “R&D SPEND”

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] R.K. Hammer Founder and CEO Bob Hammer commented “In over three decades in the card business, and having read an estimated 67,000 card financial statements during that period, I have seen very few card financials that displayed R&D spending as a separate line item. That’s a problem, as we see it.”…

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VeriFone and MasterCard Partner, Launch POS Service

VeriFone Systems and MasterCard partnered to implement the MasterCard “MasterPass” service at the POS. As a cloud-based payment option now within VeriFone’s “GlobalBay” mPOS and “GlobalBay Clienteling” applications, “MasterPass” allows shoppers to access their MasterPass wallet accounts to pay from anywhere in the store on mobile devices on GlobalBay software. VeriFone’s “GlobalBay” mPOS application helps retailers improve the overall customer experience by enabling them to arm associates with mobile devices to scan items, apply coupons and discounts, and complete transactions from any location in the store. The GlobalBay Clienteling application helps build more personal and profitable customer relationships by enabling associates to record consumer preferences and buying habits, and leverage customer data for promotions and cross-selling.

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Huntington Bank Launches Spartans Debit Card

Huntington Bank and Michigan State University Athletics launched the Spartans branded debit card, providing fans who sign up for a Huntington Bank checking account debit card to show their loyalty. The Spartans debit card bears Michigan State University’s Spartan helmet graphic and the Michigan State University athletics wordmark. The debit card can be linked to any of Huntington’s consumer checking accounts including the popular Asterisk-Free Checking®, a checking account without a monthly checking maintenance fee that offers 24-Hour Grace® to help customers avoid overdraft fees. The Spartans debit card launches as Huntington expands into the Lansing area via partnership with Meijer, creating eight in-store branches serving greater Lansing by the end of 2013.

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AmEx Announces Board Member

American Express elected Samuel J. Palmisano to its board of directors. Formerly chairman, president and chief executive officer of IBM from 2003 to 2011, Palmisano was also chairman of the board from January through September 2012 and continued as senior adviser to IBM until his retirement, by which IBM achieved record financial performance, transformed itself into a globally integrated enterprise and introduced its Smarter Planet agenda. Palmisano is a member of the board of directors of Exxon Mobil Corporation and a graduate of The Johns Hopkins University. He holds an Honorary Degree of Doctor of Humane Letters from Johns Hopkins University in 2012 and from Rensselaer Polytechnic Institute in 2005. In 2006, he was awarded an Honorary Fellowship from the London Business School. He is also an elected member of the American Academy of Arts and Sciences and served as co-chair of the Council on Competitiveness’s National Innovation Initiative.

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American Express Elects New Board Member

American Express appointed Anne Lauvergeon to its board of directors. Also a partner and managing director of Efficiency Capital, an investment firm that focuses on energy, technologies, and natural resources, and chairman and CEO of A.L.P. SAS, an advisory company, Lauvergeon is a member of the board of directors of Total S.A. and Vodafone Plc. She is a graduate of the École Normale Supérieure and the French National School of Mining Engineer and was awarded an honorary doctorate by London’s Imperial College. She is also a fellow of the Royal Academy of Engineering as well as the Royal Academy of Belgium.

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Higher One Expands Nationwide ATM Access

Higher One partnered Allpoint Network of Cardtronics, allowing OneAccount Premier cardholders free ATM access to 38,000 Allpoint ATMs. This expands Higher One’s national ATM network and will allow OneAccount Premier cardholders to conduct standard ATM transactions, including withdrawals and statement balance inquiries, free of charge at any Allpoint Network ATM in the United States. College students are eligible for the OneAccount Premier checking account, featuring no monthly fee with $300 in monthly direct deposit; reimbursement for one non-Higher One ATM or non-Allpoint ATM transaction per month; upgraded cash back rewards in the OneRewards program; and access to interactive “Bud-jet” budgeting tool.

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FBC Bank Globally Expands MasterCard

FBC Bank Limited announced that they are introducing the MasterCard Prepaid card to members of the Zimbabwean Association of Chartered Certified Accountants (ACCA). The FBC-ACCA MasterCard Prepaid card will provide Zimbabwean accounting professionals with the ability to transact safer, easier and more conveniently, by introducing an innovative electronic payment solution, thus removing the need for cash. ACCA members do not require a bank account to apply for the prepaid card, and will be able to pay tuition and exam fees, monitor their balances, track spending and download statements via the FBC Bank online portal.

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Visa Launches Ready Partner Program

Visa launched a new partner program designed to accelerate the introduction of innovative payment solutions globally and further drive the global migration from cash to electronic payments. The Visa Ready Partner Program paves the way for mobile device manufacturers, technology partners, mobile network operators, and others, to easily navigate the complexities of the payments ecosystem, and to gain access to Visa IP, licenses and best practices. The Program is designed to provide innovators a path to ensure that devices, software and solutions used to initiate or accept Visa payments are compatible with Visa’s requirements, which may vary by country. It also provides a framework for the collaboration with Visa, as well as guidance and best practices to access the power of the Visa network. Mobile point-of-sale acceptance (mPOS) providers, mobile NFC-enabled device manufacturers, and chip and platform providers are among the stakeholders that are already playing a critical role in enabling new ways to pay and that will benefit from the Visa Ready Partner Program.

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VeriFone Posts 1Q/13 Revenue Projection

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] VeriFone expects to report 1Q net revenue between $425 million to $430 million and net revenues between $424 million to $428 million. VeriFone expects to report non-GAAP net income per share between $0.47 and $0.50 and GAAP net income per share between $0.07 and $0.10. The revision was driven by weak…

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MoneyGram Sees 4Q/10 Revenue Up 13%, Booming Network

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MoneyGram, now with a global network of more than 310,000 agent locations, posted 4Q/12 money transfer fee and other revenue constant currency growth of 13%. Meanwhile, transaction growth was more than 14%, thanks in great part to a growing agent network. Over the past 30 months, MoneyGram added 100,000 agent locations-…

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