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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Oberthur Powers New Universal mMoney Service

Oberthur Technologies security and ID solutions and services announced its selection as the exclusive technology partner of MOBITO mobile payment service. Launched in September by MOPET CZ, a consortium of three of the largest brands in the mobile space – T-Mobile, Telefónica and Vodafone – and four major banks – Česká spořitelna, GE Money Bank, Raiffeisenbank and UniCredit Bank, MOBITO is now available to all mobile users across the Czech Republic regardless of who they bank with. It offers a convenient and secure way to make payments from existing mobile devices and access a wide range of services like transportation, ticketing, online purchases and in-store purchases at cafés, bistros, supermarkets, etc.

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Conference Board Index Reflects Fluctuating Economy

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.6% in September to 95.9 (2004 = 100), after a 0.4% decline in August and a 0.4% increase in July, while Coincident Economic Index (CEI) for the U.S. was up 0.2% to 105.1 (2004 = 100), after no change in…

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Small Business Owners Waiting to Grow

The American Express OPEN Small Business Monitor shows just 20 percent believe economic conditions are the biggest barrier to growth (compared to 23% in the fall of 2011), fewer have cash flow concerns (53%, versus 58% in the spring) and fewer are stressed out by the economy (59%, versus 64% in the spring). Small business owners’ top priority, is maintaining their current business and sources of revenue (32%) and as a result they have adopted a “wait and see” approach for growth plans. Only 29% of businesses surveyed have plans to hire new employees, down from 35% in the spring.

Only 16% of entrepreneurs say the economy has caused them to lay off employees versus 21% six months ago. The Success Index, profiling High achievers, strivers, sustainers and strugglers, shows high achievers represent 6% of the total survey sample, and on average, have spent twenty-six years in business, employ eighteen people in their firms and have attained business growth of thirty-four percent over the last three years (versus 10% growth for the total survey population). The Success Index was developed based on self-reported responses to questions regarding business growth and characteristics correlated with high-performing entrepreneurs.

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Yodlee Doubles API Business Growth

Yodlee Interactive has doubled its annual growth in its application programming interface (API) business as the standard in financial data and payments APIs. Yodlee Interactive serves more than 300 customers and partners and millions of end users across more than 25 vertical markets. The Yodlee API sits at the heart of a robust and expanding financial services ecosystem, where it helps streamline the innovation and delivery of new financial services and solutions, having launched Yodlee “FastLink” API feature that helps customers and partners bring innovations to market even faster and more easily, while reducing ongoing maintenance. FastLink speeds the onboarding process for all Yodlee Interactive powered services, enabling users to add thousands of financial accounts quickly, easily, and securely.

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