MoneyGram to Address 2Q/12 Results

MoneyGram International will announce its second quarter fiscal year 2012 financial results on Thursday, July 26, 2012. Pamela H. Patsley, chairman and chief executive officer, and Alex Holmes, executive vice president and chief financial officer, will host a conference call at 9 a.m. EDT to discuss the quarterly financial results. A news release detailing the results will be available prior to the call on MoneyGram’s website at moneygram.com.

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Kuapay Mobile Payment closes $4 million funding round

Kuapay closed a $4 million round of funding with a private investor, which it intends to put towards further expansion into New York, Europe, and Asia. Expansion into Europe, Asia, and the Eastern Region of the United States is on the horizon and will consist of sales and support operations in New York, Madrid, and Hong Kong and will enable the company to offer its universal e-wallet to even more consumers globally. Kuapay is not founded by a major banking or retail entity, and therefore has the freedom to provide solutions across all card types and payment platforms.

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Rakuten LinkShare mPlatform Testing Opens Marketing Opportunities

Rakuten LinkShare has completed a new round of rigorous testing on today’s most popular mobile devices and platforms including Apple iOS for iPhones and iPads. The comprehensive testing and validation of its tracking technology assures advertisers and publishers in the Rakuten LinkShare network they will be credited for mobile transactions on a variety of devices. It also enables them to develop long-term, successful partnerships that will further drive mobile and tablet sales and transactions. The testing was performed on the Apple iOS (iPhone and iPad), Android and Blackberry. The results show that advertisers are increasingly focused on m-commerce as over 500 advertisers tested within the Rakuten LinkShare network are now successfully tracking mobile transactions on one or more platforms and devices.

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Orange Deploys Gemalto NFC SIM Cards

Orange mobile operator with over 27 million subscribers deployed its large-scale rollout of a SIM-based NFC solution to enable NFC-readiness for mass deployment of mobile contactless services through Gemalto. Orange is now pursuing the implementation of a NFC infrastructure on a national level that enables service providers to come onboard and massively deploy mobile contactless services. Orange can offer service providers such as banks, transport operators or retailers an attractive, secure and scalable solution to deploy new and enhanced services to end users. The solution will allow any service provider to dynamically manage its own security domain in the card and to load, personalize and update its related NFC applications remotely over time.

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UAE Exchange Opens 600th Global Branch Network

The UAE Exchange inaugurated its 600th branch globally, in Dubai. This as the UAE Exchange expanded its network in Asia, Africa and Europe by commencing operations in China, Malaysia, Ireland, Botswana, Seychelles, Kenya and Morocco. UAE Exchange offers technologically backed high quality services like Xpress Money, the favourite global instant money transfer service with over 135,000 payout locations in more than 125 countries; FLASHremit, the real-time bank account credit service; Money2anywhere.com, the convenient online money transfer portal by which money can be sent to any corner of the world in just a few clicks from an internet environment anywhere; Smart Pay, the leading payroll solution; gocash, the prepaid travel card; and XPay, the online bill payment service using mobile phone.

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Visa Launches Small Business Expense Management Platform

Visa launched Visa Payment Controls online platform allowing small business owners to manage how, when and where transactions and payments are made on employees’ business cards. Enhancing efficiencies and transparency to traditionally paper-based payment systems, this improves record keeping and reporting while providing valuable insight into where company dollars are spent. Visa Payment Controls gives small business owners the flexibility to manage how employees can use their cards based on location, spending limits and categories. Small businesses can choose Visa cards for spending control and visibility, tools to improve cash flow, purchasing convenience and access to money saving offers and rewards.

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Chase Terminal Allows Merchants to Accept Evolving Payment Method

Chase Paymentech launched its new “Future Proof” terminal, allowing merchants to accept current and quickly emerging forms of customer payments all in one streamlined device. Accepting EMV (Europay, MasterCard, Visa) chip cards, as well as phone-based mobile wallets and other forms of contactless payment – while maintaining a commitment to security, convenience and the current value of traditional card acceptance, the Future Proof terminal is available through Chase’s bank branch network and at www.chasepaymentech.com and is designed for a wide variety of merchants and offers unmatched flexibility in payment acceptance. Merchants can now accept- in addition to magnetic-stripe payment cards- EMV-enabled chip cards, which are less susceptible to counterfeit and other forms of fraud, offering greater security and more streamlined processing; mobile wallets, which will help businesses in the future establish two-way communications with customers, building loyalty and unlocking new business opportunities; and Contactless payments.

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NFC Foundation Names Chair & Chair Elect

The NFC Foundation Board of Directors elected Gary Spinazze to a two year term as Chair of the NFC Foundation, the charitable giving arm of Nash Finch Company. Board Member Paula Docken, Business Analyst, chair of the Community Outreach Committee was named as Chair Elect. The NFC Foundation Board is comprised entirely of Nash Finch employees who volunteer their time, energy and passion for community service in service to the Foundation and the community. Nash Finch Company supports the Foundation by shouldering the Foundation’s administrative expenses to ensure that donations are used to support those in need. Nash Finch associates from around the country volunteer on Foundation Committees as well as for our non-profit partners, donating their time, skills and money in support of the Foundation’s mission.

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MasterCard and shopkick Partner for Consumer Rewards

MasterCard cardholders now have the ability to earn valuable rewards and special offers when making qualifying purchases with their linked MasterCard card at participating retailers across the United States. MasterCard and shopkick partnered to give cardholders the ability to earn “kicks” proprietary reward currency when they link their card to shopkick’s Buy & Collect program and make qualifying purchases, which can be redeemed for gift cards, music downloads, movie tickets or other offers. Consumers will receive 250 bonus kicks for each MasterCard card they link to the Buy & Collect program, for a limited time during the kickoff period.

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CorFire and Payfone Partner on mCommerce Platform

CorFire mobile commerce partnered Payfone remote m-commerce to integrate CorFire’s “CorPay” mobile wallet app with Payfone remote m-commerce solution. Payfone authenticates through the bank and carrier networks, making it easy for merchants to implement an accelerated user registration process. Payfone doesn’t require changes to backend systems or new payment marks. Moreover, consumers do not have to download or install the application which, in turn, enables merchants to quickly and easily increase conversions and improve customer loyalty. The “CorPay” solution is a single, intelligent mobile wallet platform that essentially virtualizes current wallet functions so that consumers no longer have to carry a physical wallet. It allows consumers to use their mobile devices to pay for goods and services while on the go.

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U.S. Bank Credit Card Lets Customers Choose Cash Back Categories

U.S. Bank has introduced the U.S. Bank Cash+™ Visa Signature® Card that allows cardholders to choose the categories in which they will earn 5 percent and 2 percent cash back. With choice of categories and no earning limit, cardholders are in control of receiving the most cash back because they must choose their categories every quarter, allowing them to maximize their earning potential. In addition, U.S. Bank cardholders receive a $25 bonus if they redeem $100 at one time. With no minimum redemption, cardholders can select how much they want to redeem as well as how they would like to receive it. Redemption choices include a statement credit or a deposit in a U.S. Bank checking, savings or Money Market account. Cardholders can also select a U.S. Bank Rewards Card with a $20 minimum cash back redemption.

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