VeriFone Initiates Play at the Pump Lottery Sales

VeriFone Systems announced that the first U.S. lottery ticket sale at the fuel pump was printed at a Greater Minneapolis area convenience store and gas station in November. That’s because VeriFone and partner Linq3 have implemented “play at the pump” at 9 locations in Minneapolis under auspices of the Minnesota State Lottery. At gas pumps equipped with VeriFone’s payment enabled media solution, PAYMEDIA, consumers can buy quick pick numbers for Powerball and Mega Millions drawings utilizing debit card payments at the same time they fill up their tanks. The terminals secure, PCI- and EMV-compliant payments. Winnings under $600 are automatically deposited to the debit card-linked account and consumers can check purchases on the web and sign up for mobile text notifications.

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Capital One Bank Launches mDeposit for Commercial clients

Capital One Bank has launched Mobile Deposit Capture, allowing customers to make check deposits right from their iPhone or Android smartphones. The new Mobile Deposit Capture tool is seamlessly integrated with Capital One’s existing Remote Deposit service, providing the same level of security, scalability, and functionality, now in a mobile platform. Users just download the Capital One Business Deposits app from the Apple App Store or Google Play, Log in, endorse the check, photograph the front and back of the check and submit the deposit. Checks can be deposited as late as 9:00 PM ET, Monday-Friday, for credit that same day.

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Virtual Piggy Names New CFO

Virtual Piggy appointed Joseph Dwyer its Chief Financial Officer. Mr. Dwyer is an experienced software industry executive with over twenty years of experience at the CFO and CAO level for both public and private companies, including OpenLink Financial, Energy Solutions International, Capstone Advisory Group, AXS-One, Synergen and Caminus Corp. Mr. Dwyer brings a high-level of financial and analytical experience as he has helped his companies grow both organically and through M&A activity. He is a CPA and holds a BBA in Accounting from the University of Notre Dame.

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Claire’s Stores Now a Virtual Piggy Category Leader

Virtual Piggy will provide its youth-friendly payment system to Claire’s Stores, Inc. Virtual Piggy allows parents to set up a monthly allowance for their children and promotes financial management while empowering youth under 21 to make purchasing, saving and other money management decisions for themselves, within the boundaries setup by parents. Claire’s is a world-leading retailer of jewelry and accessories for young women, teens, tweens and girls.

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Mobeam Appoints New Senior VP, Business Development

mobeam has hired John Hennessy Senior VP, business development, most recently former Senior VP, Sales and Marketing for Locus Traxx. Here he managed sales and marketing teams for produce, perishable foods and shipping industries. Hennessy was also VP, Sales and Marketing for Concept Shopping, where he helped companies sell their items more efficiently by selecting offers for shoppers based on their prior purchases and Senior VP, Sales at Information Resources for eight years.

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Yodlee Announces Companies for its Incubator Program

Yodlee Interactive announced the second group of companies selected for the Yodlee Interactive Incubator Program: Matchfund and Sociogramics. Matchfund and Sociogramics were chosen in this round because they represent such high innovation potential and fill significant needs in the financial solutions market. The Yodlee Interactive Incubator Program represents a unique approach to helping young start-up companies, based on the idea that every business, every idea, and every entrepreneur is different and no one-size-fits-all program is sufficient. Selected winners Sociogramics & Matchfund are bringing powerful new ideas to the unbanked/under-banked, and the growing Gen Y/teenage population.

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Absa Launches Mobile Terminal for Merchants

Absa of Barclays is focusing on its payments strategy to make its customers lives easier with plans to launch a mobile payment acceptance service for businesses that works using a mobile phone. Absa entered into an agreement with a local payment innovations company thumbzup, to enable businesses and entrepreneurs on-the-go to accept debit or credit card payments using their smartphones or tablets through a world first, plug-in device called ‘The Absa Payment Pebble.’ Absa is set to provide the Absa Payment Pebble as a value added service to all small business owners and merchants on-the-go with availability scheduled for early 2013. The Absa Payment Pebble is a small card-reader device that plugs into a 3.5mm audio input on any mobile smartphone or tablet and includes a mobile app.

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MoneyGram Hits 20,000 Agent Milestone

MoneyGram global money transferhas crossed the 20,000 agent location milestone in Africa and is opening a new office in Casablanca, which will initially house ten MoneyGram employees. MoneyGram has been in Morocco since 1998. In June 2011, the company opened its Casablanca office dedicated to taking care of its nine agents in Morocco and those in North Africa and West Francophone Africa to provide MoneyGram products and services for customers across the region. MoneyGram announced the addition of First National Bank in South Africa, an addition that doubled the company’s agent network in South Africa to 1,000 locations, before adding 600 locations in Nigeria.

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GlobalPlatform Announces 2013 Board of Directors

GlobalPlatform announced its Board of Directors for fiscal year 2013, following annual elections for six of the eleven Board seats. Marc Kekicheff – Senior Business Leader of Chip Innovation at Visa Inc. retains his position as Chairman for the third consecutive year. GlobalPlatform Vice-Chairman, Uwe Wittig – Group Vice President, Head of Business Line Payment, Transit and Authentication at Giesecke & Devrient, and GlobalPlatform’s Secretary / Treasurer, Yves Moulart – Director of Development and Innovation within STMicroelectronics’ Secure MCUs Division, Secure Software Solutions have also been re-appointed to their respective roles at GlobalPlatform. Elected to serve a two year term were Janne Uusilehto – Director / Head of Product Security – Nokia; Eikazu Niwano – Producer in the R&D Planning Department – NTT Corporation; Andreas Muehlberger – Senior Director Engineering – NXP Semiconductors Business Unit Identification; and Jeppe Dorff – Head of Transaction Services – Rogers Communication.

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Global Payments Now Preferred Intuit Processor

Global Payments electronic transaction payment processing is now the preferred provider of payment services for Intuit Pay mobile payment solution. Global Payments is a worldwide leader for integrated payment solutions and is continuing to expand into the fast growing Mobile Payment Service Provider channel with this relationship. Intuit Pay lets small businesses quickly and easily establish a means to accept payments from MasterCard® and Visa® debit and credit cards at any time or location through a smartphone or tablet. The business can also download the free app to accept fully Chip and PIN compliant transactions as per security standards prescribed by EMVCO® through a Bluetooth® enabled mobile card acceptance device that is shipped separately.

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Holiday Shopping Season A Perfect \’Black\’ Storm

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With consumer confidence at a fever pitch, and card rates showing small signs of relief, conditions are ideal for holiday shoppers this season. This is apparent with U.S. credit card delinquencies for the first time in a year having increased, although late payments have remained well below the 3% average on…

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Mobeam Appoints New Senior VP ,Business Development

mobeam announced its addition of John Hennessy Senior VP to oversee business development. Mobeam’s technology makes digital coupons and other content presented on a mobile device universally scannable by every POS system. Hennessy was formerly Senior Vice President of Sales and Marketing for Locus Traxx, where he managed sales and marketing teams for produce, perishable foods and shipping industries. He also directed projects with growers/shippers, transportation providers, wholesalers and retailers. He holds a BA in Communications from the Loyola University of Chicago.

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