Dynamics Launches Device with Groundbreaking Payment Apps

Dynamics payment devices is set to announce its “ePlate” credit card device at Aria Resort + Casino in Las Vegas. It will launch with financial partners as well as content partners. The consortium will discuss and demonstrate the unique benefits and functionality of the ePlate™ credit card device. Dynamics was founded in 2007 and produces and manufactures intelligent powered payment cards and advanced payment platforms. The company has won many of the world’s most prestigious international business plan competitions, including the Rice Business Plan Competition, Carnegie Mellon McGinnis Venture Competition and the University of San Francisco Business Plan Competition.

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First Data Launches Layer for Software Developers and Merchants

First Data launched its “Rapid Connect” technology layer that enables simplified integration to First Data. This provides software developers and direct-connect merchants a streamlined way to create, test, certify and deliver payment-rich applications all through a single interface to enable customers to pay any way and anywhere they choose. It ultimately provides development and testing tools to allow developers and First Data merchant partners to easily manage payment interfaces and self-certify, saving time and cost. This includes a web-portal, easily accessible online certification management, tailored developer tool-kits, a robust development Sandbox, a universal message format, specialized support resources and a framework that will support ongoing innovation.

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Visa and Chexar Launch RDC Solution for Prepaid Users

Visa and Chexar launched a network platform to digitize traditional banking services for consumers, allowing Visa prepaid users to deposit paper checks to their reloadable Visa prepaid card using their mobile device by snapping a photo of a paper check. Powered by Chexar’s technology, including its remote deposit capture platform, the service provides Visa cardholders with immediate access to funds on their Visa prepaid card, enhancing convenience and security and reducing costs for consumers. Prepaid cardholders with RushCard, AccountNow and Plastyc, as well as select FSV Payment Systems cardholders, will be able to enroll their Visa prepaid card, and immediately begin making remote deposits. As consumers move between devices and deposit channels, their prepaid account now moves seamlessly with them and works reliably from any device.

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Girl Scouts Implement PayAnywhere mCredit Card Processing

PayAnywhere mPOS app and credit card reader has been selected as the mobile credit card processing solution of choice to support Girl Scouts’ product sales. Girls participating in fall product sales and cookie sales will be given the opportunity to utilize the PayAnywhere mobile credit card reader and mobile app to accept credit and debit card payments. They will be provided free training and 24/7 customer service from PayAnywhere. The PayAnywhere mobile credit card reader is a small accessory that plugs into the audio jack of smartphones and tablets, transforming them into mobile payment terminals that can swipe credit cards to securely process payments. Used together with the free PayAnywhere mobile app, the reader instantly transforms an iPhone, iPad, iPod touch, most Android smartphones or tablets, or BlackBerry smartphones into a powerful mobile point of sale terminal.

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MoneyGram and PayPal Connect Online to Physical Commerce

MoneyGram announced a new global agreement with PayPal to easily access money in their digital wallets in the physical world. PayPal’s 117 million active account holders will now have the option to put cash in and take funds out of their PayPal accounts at MoneyGram locations. This agreement brings together the world’s leading e-commerce payment company with the world’s second-largest global money transfer company to give consumers a fast, convenient and secure way to easily get funds out of their PayPal account and put cash in via MoneyGram locations. Now consumers who do not have or use a bank account or credit card to fund and maintain a PayPal account, giving them access to e-commerce. In addition, for the first time, PayPal customers will have a global solution for putting cash into a PayPal account, and a global option to fund, withdraw, and send cash from a PayPal account.

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Card Delinquency Performance in Jeopardy as APRs Climb

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Just as U.S. credit card delinquency has dropped to an all-time low on the Fitch 60-day Delinquency Index to 1.76%, average credit card APRs now sit at the exact average measured in October 2011, once again at 15%. Delinquencies are down to their lowest level on the Prime Credit Card Index…

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TSYS Announces Transaction-Specific Marketing

TSYS partnered Truaxis, a MasterCard company, to make available transaction- and behavior-specific marketing offers. The new offering integrates cardholder spending patterns and behavior with an innovative platform that delivers personalized rewards, offers, loyalty incentives and other services to the end consumer. A recent study by Aite Group found that 45% of consumers are interested in receiving daily deal offers from their primary financial institution and by 2015 more than 460 million U.S. cardholders will subscribe to merchant-funded incentive programs.

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Experian and Iovation Partner on Fraud Prevention

Experian announced an international partnership with iovation to further enhance Experian’s global fraud prevention capabilities. iovation’s advanced device recognition software, its dynamic referencing and device reputation checks will increase the reach and effectiveness of Experian’s identity verification and fraud prevention services. iovation enables clients to assess the likelihood of transactions being fraudulent based on the device from which an application is made. Its sophisticated real-time risk assessment analytics stops some 150,000 potential online fraud attempts each day. Experian’s range of identity verification and fraud prevention tools, iovation’s ReputationManager 360 analyses the past and current behaviour of more than one billion devices to identify and re-recognize devices logging into an organisation’s website in real time.

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OTI Announces $2mm in NFC/Contactless Readers Orders

On Track Innovations announced receipt of orders valued at approximately $2.0 million for its NFC and contactless payment readers, which it plans to deliver part of to its customer in 2012, and the rest in 2013. OTI’s NFC and contactless payment readers provide a cost-effective plug-and-play solution for businesses across the globe. These lines of NFC and contactless payment readers support the increasing adoption of NFC payment technology by retail stores, vending machines and other points of purchase. OTI’s NFC and contactless payment readers are certified by major credit card associations – including MasterCard, Visa, American Express, and Discover – for their contactless programs.

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MasterCard and Commonwealth install QkR Seat Ordering

In collaboration with Etihad Stadium and Commonwealth Bank, MasterCard has launched a pilot of QkR mobile technology. This allows patrons to avoid queues and cash exchanges when buying food and drinks such as pies, chips, soft drink or cold beer and fans to concentrate on the ‘on-field’ action. This allows up to 5000 fans to order food and drinks, simply by downloading an app onto their Apple iPhone or Android smart phone, scanning or typing in the QR code on their seat, and ordering from an on-screen menu. By using the QkR digital wallet technology on their phone, food and beverage orders will then be delivered by Etihad catering staff without leaving their seat. QkR will be piloted d at Etihad Stadium with Axcess One Premium members.

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MasterCard Europe Appoints New GM, France

MasterCard Europe announced Régis Folbaum has been appointed GM, MasterCard France. In this role, he will continue to drive forward MasterCard’s strategy for growth in France, by focusing on the deployment of new and innovative means of payment in the French market and strengthening the vital relationships between MasterCard and its partners. Régis Folbaum was most recently Associate Principal for the global management consulting firm McKinsey & Co in France and is a graduate from ESSEC Business School and holds an MBA from INSEAD.

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