Western Union Expands Services Through Retail Partner

Western Union global payment services signed an agreement with Carrefour Argentina to offer its global money transfer and bill payment services. Western Union is the first financial services provider to work with Carrefour in Argentina, a company with a presence in 22 of the 24 provinces throughout the country – complementing Western Union’s in-country network. The Western Union money-transfer and bill payment service is now available at select Carrefour locations with rollout plans to be implemented across 120 strategic Carrefour locations.

Details

Fiserv Posts Strong Performance in FY & 4Q/12

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fiserv financial services technology posted a 4Q/12 revenue of $1.16 billion and adjusted revenue of $1.08 billion. For all of 2012, revenue was $4.48 billion compared with $4.34 billion in 2011 while adjusted revenue was $4.20 billion, up 3% on $4.07 billion in 2011. Adjusted earnings per share from continuing operations…

Details

CreditCall Joins MasterCard, PayPal and Intuit on mPayment

The CreditCall CEO will join payment industry CEOs to discuss mobile commerce and the market opportunities and challenges for mobile payment acceptance apps at Apps World North America. The mobile payments track includes two panels involving representatives from Verizon, MasterCard, Intuit and PayPal. They will discuss how mobile is transforming the U.S. retail industry and look into market opportunities and challengers for payment acceptance apps. Over 5000 developers, telcos, device manufacturers and industry professionals will participate on nine targeted workshops to discuss and learn about the issues across the app ecosystem.

Details

Viableware Establishes mWallet Strategy

Viableware formalized its m-wallet strategy involving the leading companies in the mobile payments industry. Viableware demonstrated it’s the platform of choice for payment providers looking to support mobile wallet payments at full-service restaurants around the country. A number of full-service restaurants are currently piloting Viableware’s RAIL payment platform in an effort to securely accept payments at the table. The platform utilizes a fleet of handheld devices designed to replicate the look and feel of the typical leather folder that is the industry standard for bill presentation at full-service restaurants.

Details

MasterCard to Host Global Payments Symposium

MasterCard announced the MasterCard Mobile Payments Global Symposium, offering dialogue on NFC, mobile money and the future of payments. The Symposium is the showpiece mobile payments event within Mobile World Congress (MWC) 2013, the world’s largest mobile conference and exposition. The Mobile Payments Global Symposium agenda will consist of five regional spotlight panel sessions, each exploring evolving trends and key topics related to the future of payments. This includes Mobile payments and driving financial inclusion; creating shopping experiences with a click, tap or touch of a connected device; The role of mobile technology in moving toward a world beyond cash; Mobile money and NFC.

Details

Western Union Expands Indian Rupee Payments

Western Union announced a new service that will make it easier for universities and higher education institutions around the world to accept tuition payments in Indian Rupee. Over 200,000 Indian students study abroad each year, whom are typically invoiced in the currency of their university (e.g. US or Canadian Dollar), which often makes the payment process cumbersome and expensive. In many cases, intermediary fees impact the final amount received by the university so the students still owe money before commencing their studies. Western Union’s new service will enable participating schools and universities to offer Indian students the option to pay tuition fees in their home currency. It will be offered by Weizmann Forex and Paul Merchants Limited, the two largest Western Union Agents in India.

Details

MACH and payvia Partner on mPayments

MACH direct operator billing and payvia mobile payments partnered to integrate their carrier billing technologies providing customers with seamless worldwide mobile payment platforms. With this, MACH will launch its Direct Carrier Billing service in the US, leveraging payvia’s US footprint and relationships with the main mobile operators. payvia and MACH’s platforms monetize services for developers, app stores, online merchants and other content providers, opening a brand new revenue stream and letting them maximize revenues from online, in-app and app billing. By bringing their direct carrier billing technologies together in a seamless global platform, the partners will extend this frictionless payment option that is more secure, fast and convenient than both credit card and premium SMS billing.

Details

mopay Expands Global Presence

mopay mobile payment solutions for online merchants continued global expansion with two new representative offices in Asia. Located in Seoul, Korea and Jakarta, Indonesia, mopay’s expanded presence will support Asian online merchants to grow internationally. Since establishing its regional headquarter in Beijing in 2010, mopay has succeeded in building a well-trusted payment brand among Asian merchants, acquiring over 100 new clients in the region, including Tencent, Shanda Interactive and Changyou. Today, mopay is working with nine out of China’s top ten online game companies.

Details

No Improvement on the Job Front

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total payroll employment was up 157,000 in January as the unemployment rate increased marginally to 12.3 million for a 7.9% national rate. This after a 155,000 increase in December, when the unemployment rate was 7.8%, or 12.2 million unemployed persons. Those jobless 27 weeks or more was, however, gained some positive…

Details

MoneyGram Offers Remittance Through BP Franchise

ampm, BP’s popular West Coast convenience store franchise, agreed to offer MoneyGram’s full suite of consumer products at participating ampm locations in the Western United States, the companies announced. With this, BP is promoting MoneyGram’s money transfer services, bill payments, money orders and prepaid cards to its network of more than 950 ampm franchises throughout Arizona, California, Nevada, Oregon and Washington.

Details

VeriFone Appoints CFO & New VP

VeriFone Systems appointed Marc E. Rothman executive vice president and chief financial officer and Jay Parsons senior VP, digital media and taxi operations. Rothman joined Motorola through the acquisition of General Instrument in 2000, in which capacity he oversaw all financial activities of Motorola Mobility and led the company’s spin-off transaction from its former parent and eventual sale. Parsons joined VeriFone in September of 2011 and has played an integral role in driving the successful development of VeriFone’s interactive digital solutions platform for the petroleum and retail businesses.

Details

MasterCard Partners Accion to Advance Financial Inclusion

The Center for Financial Inclusion at Accion together with MasterCard launched “Mapping the Invisible Market” research initiative as part of the Financial Inclusion 2020 campaign. This will consist of a series of research papers looking at how demographics, income, urbanization, and other issues affect financial inclusion, at a time when over 2 billion people don’t use formal financial services. The report details how profound demographic shifts in the developing world have implications for how people can save, invest, or transfer money.

Details