Café Deploys Yespay Managed Cards Payment Service

Café TwoCann implemented YESpay “EMBOSS” cards payment solution, to help it achieve operational efficiency and savings in time and money by using a fast and reliable payment processing service. The owners chose to switch to YESpay’s EMBOSS managed payment service thanks to the integral aspect of the payment solution to their POS. Namely, the Cafe installed the “EasyV-Hospitality,” providing more accurate card sales, speedier authorisation, user-friendliness, less errors in taking card payments. Debit or credit card payment checkout is no longer an issue as YESpay’s payment service fulfills end-to-end authorisation requests in less than 5 seconds.

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HSBC Merchant Services Launches Merchant Compliance

HSBC Merchant Services launched a new service to help businesses ensure that their customers’ transactions are secure against fraud. The new service has been developed to help merchants comply with a set of minimum security requirements mandated by Card Schemes such as Visa and MasterCard. The new security requirements have been put in place to ensure that all the Card Schemes customers’ card transactions are adequately protected against fraudsters, who are increasingly focusing on small businesses. These requirements, the Payment Card Industry Data Security Standard (PCI DSS), are mandatory and non-compliance can result in large fines from the Card Schemes and merchants’ payment providers.

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CreditCall and WPS Partner, Offer Parking Payment Solution

WPS has now become a direct distributor of the CreditCall “CardEase” payment gateway, simplifying and accelerating the installation process for them and their customers. WPS provides parking solutions for parking operators, airports, hotels, hospitals, local governments, shopping centres and supermarkets – issuing over 7.5 million parking tickets daily worldwide. CreditCall is a specialist payment services provider and transaction gateway with global recognition for innovation in credit card acceptance. The “CardEaseXML” payment protocol allows developers unprecedented ease in providing card payment on new and existing systems.

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Payment Services Secures 3 Year CauseForce Services Contract

Payment Services Corporation Canadian Professional Employment Organization and provider of independent contractor payment solutions announced the signing of a three year contract with CauseForce, a leading event production and cause marketing firm, to provide professional employment payroll services for their Canadian operations through 2014. Payment Services Corporation (PSC) is headquartered in Ottawa, ON and is one of the fastest growing Professional Employment and Payment Processing Organizations in Canada, in addition servicing U.S. markets. With unparalleled experience and service, PSC continues to lead the market in best practices for the better management of independent contractor workforces.

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3i Infotech & CN Railways to Present at Symposium

3i Infotech Billing & Payments software and solutions partnered with CN Railways to jointly discuss the elimination of paper from cash applications at the 2011 Canadian Financial Operations Symposium. The symposium focuses on concepts and proven best practices in critical financial operations such as accounts payable, accounts receivable, payments and P2P. The presentation, “Eliminating Paper from Cash Applications: A CN Case Study,” will address how 3i Infotech Billing & Payments partnered with CN to implement a highly sophisticated automated cash application system tailored to CN’s business needs.

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Discover Index Shows Consumer Confidence Down 2 Points

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The August Discover U.S. Spending Monitor dropped to 80.5, its lowest level since March 2009. This after having plummeted 13 points since the January figure of 93.1, down 2.2 points from the July recording. This is thanks in great part to uncertainty over the debt crisis and wild swings in the…

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American Express Appoints Head of Enterprise Growth Group

Harshul Sanghi has been appointed to lead the Enterprise Growth Group office in Silicon Valley, a new business unit within American Express focused on expanding alternative mobile and online payment services beyond the traditional card and travel businesses. Sanghi will work to broaden and strengthen American Express’ existing online and mobile products through key partnerships with the local technology and venture communities. Sanghi has extensive corporate venture experience and a strong mobile background from his most recent role at Motorola Ventures. Sanghi was previously the Managing Director of North American venture activities for Motorola Mobility and Vice President, Business Development at Ucentric Systems.

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BOFA Launches New Cash Rewards Credit Card

Bank of America, the Official Bank of the San Fransisco Giants, launched an integrated marketing program that ties the game’s ultimate defensive play with the new “BankAmericard Cash Rewards” credit card. Automatically rewarding customers with 1 percent, 2 percent and up to 3 percent cash back on their most common purchases, the new card is in response to customer requests for a program that rewards consumers for the spending categories they use most, such as gas and groceries. It rewards customers automatically earn 1% cash back on all purchases, 2% cash back on grocery store purchases, and 3% on gas station purchases. Customers earn the 2 percent and 3 percent cash back on gas and grocery purchases on the first $1,500 they spend in those combined categories per quarter. After that, they continue to earn one percent on purchases.

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NCR Deploys Multivendor ATM Software Fast

NCR Corporation deployed its APTRA software featuring Advanced Deposit on multi-vendor ATMs in Alaska USA Federal Credit Union’s ATM network roughly eight times faster than the norm. This is thanks to the continually increasing experience of its professional services team as well as improvements to its APTRA software. APTRA software can help mid-sized and community banks and credit unions take advantage of the cost efficiencies of multi-vendor applications – especially as financial institutions deploy more sophisticated functions at the ATM, such as ADA voice guidance, advanced deposit, personalization, targeted marketing and integration with other channels. According to NCR data, only one percent of U.S. financial institutions with less than $50 billion in assets have installed multivendor software applications, despite 75 percent of the 20 largest banks doing so.

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