VeriFone Partners Valero to Implement POS

VeriFone partnered Valero Retail to implement its “Paymedia for Secure PumpPAY” in an initial pilot at corporate-operated sites. The VeriFone “Secure PumpPAY” solutions allow gasoline retailers and distributors to retrofit gasoline dispensers with EMV-capable, PCI payment systems that meet the latest payment security standards with full-color digital display and audio that elevates the fueling experience to a new level. It also provides a solution for secure payments, targeted advertising, coupons and special offers, and delivering real-time, relevant information such as weather and safety warnings.

Details

MasterCard Updates Expense Reporting/Management

MasterCard made its latest enhancements to the MasterCard “Smart Data” and its MasterCard “smartdata.gen2” web-based expense management and business intelligence. This allows companies to better manage their business and increase cost savings through unsurpassed visibility and access to comprehensive spend analytics. Included among the enhancements to smartdata.gen2 are improvements to expense reporting functionality; Industry-leading data export capabilities, for the flexibility to serve every kind of customer; and a new analytics module to monitor programs graphically and dynamically with a couple of clicks.

Details

Visa Sees P2P Payments up 89% Y/Y

Visa Inc.’s Personal Payments platform has seen 89% growth in September 2012 since the year ago period in Asia-Pacific, Middle-East, Africa and Eastern Europe.The platform, which enables consumers to send money directly to eligible Visa credit, debit or prepaid cards around the globe, is now available to an estimated 200 million consumers through 74 leading financial institutions in 18 countries. Visa Personal Payments has seen rapid adoption among financial institutions and payment service providers with ICBC Bank in China; Standard Chartered Bank, Maybank and OCBC Bank in Singapore; Alfa Bank, QIWI and Russian Standard Bank in Russia; UAE Exchange in the Middle-East,Taishin International Bank in Taiwan and ICICI Bank and, State Bank of India in India.

Details

MasterCard Report Shows Smart Consumers Set Pace in Retail Revolution

Retailers across Europe predict the mobile phone will overtake the physical store, website and call centre, as the single most important communication channel with customers by 2020, according to new research from MasterCard. Only 3% believe the industry is currently keeping pace with consumer demands for multi-channel retail. This research, conducted amongst 300 leading retailers across Europe, forms part of a new industry report sponsored by MasterCard and written by the Economist Intelligence Unit: “The I Factor: how consumer demand is driving retail innovation”. It heralds the era of the “I-Con” – the smart, omnichannel, omnipotent consumer – and looks at how retailers are innovating to retain competitive edge in a rapidly revolutionised market, whilst setting out a vision of how that market will continue to evolve. It concludes the customer is in the driving seat: One in three retailers cited a more empowered customer (32%), alongside increased choice (competition from other retailers – 37%), as amongst the top causes of change in the retail sector in the past five years.

Details

iwoca Loans Appoints New Director

iwoca working capital loans for marketplace sellers appointed Carl-Olav Scheible Non-Executive Director. Scheible will contribute to the overall development strategy of iwoca, monitoring the company’s fiscal performance and future growth plans. He brings over 20 years leadership experience from the technology and financial services sectors and has held a number of senior positions at PayPal. Scheible successfully launched and was responsible for PayPal’s operations in six European countries and its merchant services business. He currently holds the position as Executive VP of Moneygram and has an MBA from Columbia Business School.

Details

Unemployment Rate Sees Most Movement in Months

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After sitting at just above the 8% mark for 8 months, the unemployment rate has seen the largest change since February 2012, dropping to 7.8%. Down over a full percentage point from the year ago period, when it was 9.1%, the number of unemployed Americans was down 0.3% since August. The…

Details

LevelUp Partners Big Name POS Systems

LevelUp is integrating with POS systems, including Micros, POSitouch, and Dinerware, collectively representing 30% of all the POS systems that exist. This is part of the company’s mission to integrate with every existing system out there to make it easier for merchants to accept LevelUp’s unique combination of mobile payments and customer loyalty campaigns. These partnerships allow LevelUp transactions faster, easier, and more seamless for merchants First, LevelUp transactions get logged alongside every other credit card and cash transaction for the day, making it much easier to balance the register at closing. And second, the analytics from LevelUp’s loyalty-driving campaigns get integrated right into the merchant’s existing POS system, making it easier to track all of that amazing data on who’s coming back and how often, as well as what they’re ordering. The LevelUp network offers zero interchange for 0% in processing fees.

Details

Starbucks Advances Mobile Payment Experience

Starbucks Coffee kicked-off its three-day Global Leadership Conference in Houston where the company will inspire nearly 10,000 store managers by investing in their development. Customers will be able to use Square Wallet to pay with their mobile phones at U.S. Starbucks stores beginning in early November. Customers will also be able to use the Square directory to find more than 7,000 U.S. company-operated Starbucks stores. Starbucks also announced it will enable digital tipping on its existing mobile payment applications and on Square Wallet for its U.S. store partners (employees) in summer 2013. As a further testament to the company’s innovation in mobile payment, the Starbucks mobile application is now integrated with Apple’s Passbook allowing customers’ Starbucks Cards to appear on their iPhone screen automatically after they enter a favorite Starbucks store.

Details

Discover Fan Loyalty Poll Shows Pizza is Favorite Game Day Snack

The latest Discover Fan Loyalty Poll finds that pizza is king and diets go by the wayside when fans are watching their favorite team play. When asked what their favorite snack was, 23 percent said pizza. Additionally, fans said Wings, 15 percent, Chips and dips, 14 percent, Nachos, 8 percent, Hot dogs or sausage, 6 percent, Pretzels, 4 percent, Something else, 20 percent, Not sure, 10 percent. When asked do game day calories count, 46 percent said ‘No, my diet goes out the window when I’m tailgating or watching my team play;’ 39 percent said ‘Yes, but I still indulge in a few favorites;’ and 10 percent said ‘Absolutely, I don’t overeat or drink when I’m tailgating or watching my team play;’ while 4 percent were unsure. College football fans still have a healthy appetite for Alabama as nearly half, 49 percent, chose them as the best team in the country right now. The Crimson Tide has secured the top spot each week since the beginning of the season. West Virginia also sneaked back onto the list and into the top five after falling off of last week’s poll.

Details

State Bank of India Implements NCR ATMs

NCR Corporation, India’s largest ATM service provider, will transform over 2,500 State Bank of India (SBI) ATMs to Voice-Guided ATMs. NCR’s ‘Talking ATMs’ are incorporated with unique software and hardware features which ensures that a person with a disability can operate the machine on his own, while maintaining the safety of the transaction. These ATM machines are designed as per Access for All (AFA) standards and comprises of accessible key pads, voice-guidance technology, Braille stickers and multi-lingual capability. Apart from reading aloud screen messages, the machine also provides complete orientation making it easy for the customer to use the machine. An important security feature of this ATM is that it provides the person an option to blank out the screen as a safety mechanism to avoid shoulder surfing by any by-stander trying to access customer data during the transaction.

Details

Elavon Chip and PIN Facilitates Mobile Business

Elavon payment solutions provider has announced the Irish launch of its secure Chip and PIN MobileMerchant smartphone card processing solution. MobileMerchant is an innovative, secure, complete payment solution that transforms mobile devices into payment terminals, allowing businesses to accept card payments quickly and securely anywhere, anytime, without a major investment of money or effort. MobileMerchant’s payment app is paired with a Chip and PIN card reader, allowing payments to be processed using BlackBerry® or Android® smartphones and tablets. The solution combines the ease of using a mobile phone for payments, with pricing options including an affordable, easy-to-understand rate programme, making it the ideal solution for small businesses on the go, or for companies that have mobile field operatives that would like to extend the convenience of credit and debit acceptance to their customers.

Details

MPR Remains Above Historical Average

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fitch’s August Monthly Payment Rate Index reached a new record of 22.34% in August, advancing 29 bps from the previous high of 22.05% achieved in July. Monthly payment rate (MPR) was up 5.68% YOY and has consistently remained well above the historical average of 16.55% since 2009. MPR, which measures how…

Details