PrepaYd to Expand into the Prepaid Wireless Phone Market

PrepaYd has expanded into the Prepaid Wireless Industry and intends to offer Mobile Devices and Prepaid Wireless services through its PrepaYd Wireless wholly owned subsidiary. PrepaYd Wireless is a Mobile Virtual Network Operator (MVNO) that intends to begin offering Mobile Phones and Wireless Services in September or October 2011. Prepaid Wireless Services include voice, data, and SMS services to consumers on a non-contract basis. PrepaYd Wireless activated its first Mobile Device powered by the Google Android Operating System.

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ChargeSmart Enhances Partner Services

ChargeSmart debit and credit card acceptance launched its “ChargeSmart Direct” to exclusively serve its growing partner network of businesses, municipalities and lenders nationwide. ChargeSmart Direct members benefit from industry-low transaction rates; no implementation or upfront costs; no hidden fees; merchant and customer real-time reporting; customizable screens that eliminate clumsy re-directs to third-party sites for payment completion; fee flexibility; and the ability to establish partners as the merchant of record on customers’ billing statements. Existing ChargeSmart partners are already enrolled in ChargeSmart Direct and organizations interested in joining the network can find additional information online at http://corp.chargesmart.com.

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I-design Introduces its Improved ATM software

CASH machine advertiser I-design has launched the next generation of its ATM software, “joono,” to replace its existing “atmAd” ATM software. This will allow banks to also communicate with customers through mobile phones and plasma screens in addition to ATMs and self-service machines. I-design disclosed “joono” also adds new features for ATM marketing and will enable banks and ATM owners to manage digital marketing communications centrally on a single platform.

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Travelex GEO Offers renminbi payments

Travelex Global Business Payments international payments specialist now lets users trade in Chinese renminbi through Travelex’s GEO Global Clearing Network. Travelex will be the first non-bank Payments Specialist to offer business transfers in renminbi, the official currency of the People’s Republic of China. Customers of Travelex will be able to trade directly with authorised Chinese companies, which will help to strengthen trade relationships with Chinese suppliers and allow businesses to mitigate against foreign exchange risks. For many businesses, the ability to price, settle and invoice in renminbi will encourage a faster, cheaper and more transparent supply chain.

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Eckoh to develop smartphone app for NIE Energy

Customer service speech recognition specialist Eckoh has been appointed by NIE Energy to develop a smartphone application to let customers purchase electricity via their smartphone 24 hours a day, 7 days a week. The EckohPAY produc processes PCI DSS compliant card payments and will now let NIE Energy’s customers purchase electricity using the phone and web, and by the end of June via a smartphone application. NIE Energy supplying over 760,000 customers throughout Northern Ireland.

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Maybank, Pos extend banking network footprint

Malayan Banking Bhd (Maybank) and Pos Malaysia Bhd have extended their shared banking services to Sabah with a target to cover 26 selected post offices in the state this month. Under the strategic partnership launched in Kota Marudu recently, Pos Malaysia will provide a number of Maybank’s services at its selected offices. Maybank’s head of community distribution, Mohd Hanif Suadi said Maybank-Pos Malaysia also plan to introduce additional services such as money transfer and the opening of savings accounts in the near future. The initial banking services available at Kota Marudu are over-the-counter withdrawals, cash deposit and selected payments.

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Eurotech and Mondialpol Provide Intesa Sanpaolo cash transport

Eurotech and Mondialpol Service announced the finalisation of an agreement for the real-time monitoring of deliveries and withdrawals of cash via cloud computing thanks to “Cloud Ready” mobile devices from Eurotech. The agreement will allow to significantly improve the service level provided to the Intesa Sanpaolo Group, making cash transport and counting more efficient and increasing security standards, and this demonstrates the strong innovation spirit of this banking Group.This is the first security application in Italy to use this technology, and Eurotech’s partnership with the Mondialpol group is intended to transform the cash transport sector, which until now has been managed in the traditional way.

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EPC releases Sepa Cards standardisation requirements

The European Payments Council (EPC) and the Cards Stakeholders Group released the latest version of the Sepa Cards Standardisation Volume – Book of Requirements for public consultation. The EPC, representing the European banking industry in relation to payments, carries out a card standardisation programme designed to achieve a consistent customer experience, high levels of security and optimum process efficiency throughout the SEPA cards market. In 2009, the EPC promoted the creation of the Cards Stakeholders Group together with representatives of five sectors also active in the cards domain including retailers, vendors – such as manufacturer of card payment devices and related IT systems – processors, card schemes and banks. The Cards Stakeholders Group develops the SEPA Cards Standardisation Volume.

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State Bank of India set to launch remittance

The State Bank of India (SBI) is all set to commence operations in Saudi Arabia. They will start soon after completion of few regulatory requirements expected in the next few weeks. Having completed all other procedural requirements and all necessary infrastructure is in place, the Bank intends to leave its mark despite some big players in the sector and stiffen competition in remittance services. All the SBI branches in India are networked, as are associate banks, and would be leveraging on network and technology platforms to transfer funds almost instantly.

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May Bankruptcy Filings Hit Lowest Total Since February

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] May consumer bankruptcies fell 16% nationwide from the year ago period with overall consumer filing totals having dwindled from 136,142 down to 114,803. These findings also indicate a 15% decrease from just the month prior when 134,720 consumer bankruptcy filings were recorded and is at its lowest since January filings, which…

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MasterCard Advisors Shows May 2011 U.S. Retail Sector Driven by Mother’s Day and Graduation

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard Advisors’ “SpendingPulse” macroeconomic report tracking national retail and services sales provided summary results for performance of specific U.S. retail industries in May 2011. Luxury, high-end Jewelry and e-Commerce enjoyed strong growth, as did the Hotel and Restaurant categories. Apparel also continued to show gains while housing-related sectors such as Furniture,…

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MoneyGram International Adds Global Network Agents

MoneyGram International has added Friendly Check and RiteCheck financial service center agents to its agent network. With this, Friendly Check-which began offering MoneyGram services on May 16- and RiteCheck- which began offing MoneyGram service on April 26- can now provide international money transfer and bill payment services under the MoneyGram brand. Friendly Check added 45 customer-centric locations across North Carolina and Virginia that offer MoneyGram Express Payment and Utility Bill Payment products in addition to money transfers while RiteCheck added 12 high-volume locations in Harlem and the Bronx to MoneyGram’s network and will provide MoneyGram Express Payment and money transfer services.

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