ClairMail Rolls Out Mobile Intelligent Payment

Mobile marketing solution provider ClairMail has introduced the “Intelligent Payments Solution” mobile payments strategy.
The new solution uses a platform-based approach and leverages ClairMail’s
recently announced Mobile Connectivity Architecture (MCA) to deliver a
variety of mobile applications including bill payment, mobile remote
deposit capture (RDC), person-to-person (P2P) payments, gift card
top-ups, merchant offers, and international remittance.
The bill payment and Mobile RDC functionality will be available in the
second quarter 2010, while the other applications will be introduced
later this year. ClairMail also announced an agreement with CashEdge, Inc., the leading
provider of Intelligent Money Movement™ services, to provide financial
institutions (FIs) with connectivity to CashEdge’s Popmoney™ through the
ClairMail platform.
ClairMail is a provider of mobile solutions for banking,
payment and card services with a technology platform
designed to help financial institutions realize the strategic potential
of mobile banking, driving new levels of customer trust and loyalty,
facilitating cross-sell opportunities and enabling near term, measurable
cost savings.

Details

PAYPAL

MBNA will refund any foreign currency exchange fees and cash advance charges for customers stranded abroad as a result of the volcanic ash disruption that has recently grounded flights. Many stranded passengers are facing additional costs for hotel stays, car hire and living expenses, including the withdrawal of foreign currency.
If a customer has difficulty paying their monthly credit card bill because they have been affected by travel disruption caused by the volcanic ash over Europe, MBNA will ensure they are treated sympathetically.

Details

Microtech-Tel Now A Silver Level Check Point Partner

CO-based Microtech-Tel has achieved Silver Level PureAdvantage Partner status with
security software provider Check Point. This partnership enables Microtech-Tel to deliver its business customers
worry-free security for data transfer that ensures secure credit card
processing, and full compliance with the privacy and reporting issues
under both the Heath Insurance Portability and Accountability Act
(HIPPA) for healthcare enterprises and the Sarbanes-Oxley Act of 2002
for publicly traded companies. As a Silver Level PureAdvantage Partner
with Check Point, Microtech-Tel personnel have been trained in all
aspects of Check Point security software and can provide end users with
any combination of resell, catalog sales, integration, installation,
training, and technical support for most products. Check Point customers include
tens of thousands of businesses and organizations of all sizes including
all Fortune 100 companies. In addition, Check Point’s award-winning
ZoneAlarm solutions protect millions of consumers from hackers, spyware
and identity theft.

Details

POWER SELLER XPDA-S

GuestLogix onboard airline store technology has received PCI PED version 2.0 certification for its popular “PowerSeller” POS handheld “XPDA-S.” This provides GuestLogix with the broadest offering of POS handhelds to the passenger travel industry with the most current payment industry certifications. The new generation PowerSeller with EMV Level 2 secure Chip and PIN functionality provides the most universal, cost-effective, and secure method for managing and processing onboard retail transactions. PCI PED 2.0 will appeal to those operators in markets where the use of the Chip and PIN card processing is becoming increasingly available. The new card processing method protects passenger payment transactions, reduces risk and fraud, and minimizes merchant acquirer costs.

Details

Consumer Interest in Replacing Cash and Checks with P2P Soars

Among the growing majority of consumers interested in making payments through an ePayment Portal, 70% would be likely to use P2P payment services within that Portal. Additionally, 50% of consumers expressed interest in using electronic P2P for common needs; to encourage adoption banks need to position electronic P2P payments as a component of a payment and money movement solution; and 34% who expressed interest in the Portal concept indicated they would be willing to switch to a bank that offers electronic P2P payments as part of an ePayment Portal. This service, according to research by FIS banking and payments technology with a survey conducted by eCom AdvisorsThe ePayment Portal, is defined as a service provided by a financial institution that allows consumers to transfer money, pay bills, conduct P2P payments, and track all their money movement from a single place online.

Details

Sterling Commerce Introduces Next Generation Integrated Payments

Sterling Commerce has introduced the next generation of Sterling “Total Payments” at the NACHA PAYMENTS 2010 conference. The new version provides banks with tools that can incrementally generate additional fee revenue while providing greater value to customers through new capabilities for integrated payables and advanced fraud mitigation. It also reduces payment processing costs by increasing straight-through processing levels, automating exceptions while in-flight, and improving visibility and management across all payment streams. Sterling Total Payments integrates all payment channels into a single holistic view by building a payments services hub that improves the management and control of payments exceptions, management for domestic and international payments, and compliance.

Details

ROAM Data Application Awarded ETA Innovation Award

ROAM Data mobile commerce has won the 2010 Technology Innovation Award (TIA) given by the Electronic Transfer Association’s (ETA) Annual Meeting & Expo. Given each year to a company whose creative use of technology significantly advances the payments industry as a whole, the award recognized “ROAMpay.” “ROAMpay” secure POS applications is available on hundreds of different devices but also custom commerce applications for merchants to empower their mobile sales force/workforce, and even reach their best consumers on their own mobile phones. To make transactions even more convenient and secure, ROAM is also delivering ultra low cost card readers compatible across many of its supported devices enabling card present transactions.

Details

31% Small Business Owners See Overall Economy Improving

Economic confidence among small business owners rose to its highest level in 14 months in April. Thanks to the broader economy and the conditions for their own businesses improving, the number of small business owners who say the economy is getting better nearly doubled to 31%, up from 16% in March and the highest level in this category in two years. The monthly Discover “Small Business Watch” index increased more than 10 points, rising to 88.5, up from 78.2 in March and the highest since the Watch hit 90.8 in February 2008. This marks the third consecutive monthly increase in economic confidence among small business owners. Meanwhile, the number of owners who see the economy getting worse dropped to 51% in April, down from 69 percent in February 2009, while 91% of small business owners still ranked the current economy as fair or poor. Additional Discover “Small Business Watch” findings show 32% of owners see economic conditions for their businesses improving, up from 24% in March; 40% see conditions getting worse, down 7% from the previous month; and 22% say it’s staying the same and 6 percent weren’t sure.

Details

ATMequipment.com Launches Wireless ATM Solutions

ATMequipment.com ATM wholesaler has created “OptConnect” (www.OptConnect.com) wireless ATM solutions. The “OptConnect OC-500” wireless gateway utilizes 3G technology and also has embedded security software to encrypt data communications. Several ATM operators have converted their ATM portfolios to wireless and are experiencing substantial telecom cost savings. “OptConnect” Wireless ATM benefits inlcude a lifetime warranty with advance overnight replacement in the rare event of equipment failure; OptConnect wireless data communications subscription is half that of landlines, with no upfront or installation costs; easy deployment and installation on the fly; and provides fast and flexible relocation of current ATMs and allows for ATMs to be placed just about anywhere.

Details

TrustCash Onto Software Development for mMarketing

TrustCash Holdings has
recently received the Software Development Plan from Ajay
Hans completing phase two of the Company’s development of a
comprehensive mpayment product. The plan includes
detailed description, technical diagrams and budget for the development
of a single platform for WAP rendering, mobile billing, taxation and
payments. The TrustCash technology infrastructure provides merchants with open
access, PCI compliant payment processing. TrustCash™ is an E-Commerce
expert providing online businesses with payment solutions needed to be
successful.

Details

AmEx Posts 1Q/10 US Card Income Up $435MM Y/Y

American Express U.S. Card Services reported first-quarter net income of
$428 million compared with a loss of $7 million a year ago. Total
revenues net of interest expense increased 14% to $3.5 billion, from
$3.1 billion thanks to consolidation of securitized cardmember loans and
related debt onto the balance sheet in the first quarter. Provisions for
losses totaled $687 million, down 50 percent from $1.4 billion in the
year-ago period. Total expenses increased 25%, while marketing,
promotion, rewards and cardmember services expenses increased 46% from
the year-ago period, driven by higher rewards costs and increased
investment spending on marketing initiatives. Meanwhile International
Card Services reported first-quarter net income of $151 million, up from
$52 million a year ago. Provisions for losses totaled $158 million, down
53 percent from $335 million a year ago, reflecting improved credit
performance.

American Express U.S. Card Metrics
Net Income
1Q/09: ($ 25 million)
2Q/09: ($200 million)
3Q/09: +$109 million
4Q/09: +$365 million
1Q/10: +$428 million
Source: CardData (www.carddata.com) )

Details