Merchant account provider Merchant Warehouse has introduced the newest
version of “BINSmart Cost Manager”. Once a card is swiped, “BINSmart
Cost Manager” evaluates whether it is a
debit, credit, or corporate card, then it calculates the estimated
lowest cost processing method and prompts for the best method to run
that sale. “BINSmart Cost Managerâs” benefits recognizes the difference
between a credit card, debit card, or corporate card to estimate lowest
processing costs; automatically prompts for PIN or signature when a
debit card is used, whichever is estimated to be the lowest processing
cost for merchants; reduces consumer âcharge-backâ disputes/costs;
enhances fraud protection with prompt-driven PIN-debit transactions;
prompts for entry of additional corporate card information to
avoid downgrades; ease-of-use and minimal set-up with the solution fully
installed in the credit card terminal; completion verification of daily
close-out procedures to avoid downgrades.
Merchant account provider Merchant Warehouse has introduced the newest
A new survey from Citibank reveals that 84% of consumers feel making a
change to personal finances as a priority.
More than 75% of those surveyed said increasing their savings is
the top change they are looking to make in their banking this year,
while 37% are looking to maximize rewards
programs. Of those surveyed, 19- to 23-year-olds lead the way in
actively looking to change their money habits by increasing their
savings and taking advantage of rewards programs. In addition to
changing their banking habits, the survey found consumers are
also planning to reduce spending in the New Year, with dining out and
new clothing purchases being the first expenditures to go.
Approximately 60% of consumers plan to scale back eating at
restaurants in the next few months, 52% are cutting back on new clothing
and shoes. However, one-third of respondents are not willing to give up
their cable TV or cell phone service.
Fiserv’s CheckFree was ranked as a top retail Internet Banking vendor in
a new report by Celent. The report, “Retail Internet Banking Vendors:
Gears to Optimize the Online Channel” examines the current state
of online banking and evaluates 12 retail Internet banking vendors,
translating its findings into a framework called the “Celent ABCD Vendor
View”. The framework is designed to show at a glance the relative
positions of each vendor in: Advanced technology, Breadth of features
and usability, Customer base and Depth of bank services. Each vendor
solution was judged relative to the others in the group. For the third
year in a row, CheckFree stands out as the leader.
UT-based card processor ProPay is hosting the 2009 Data Security Summit
in Salt Lake City March 18-19. Speakers will address the latest in PCI
mitigation, security, and other relevant topics pertaining to the
payment industry. Headlining the Summitâs speakers are Bob Russo,
General Manager, PCI
Security Standards Council; Chris Mark, CPISM/A, CISSP, CIPP, Founder,
Society of Payment Security Professionals; Dr. Heather Mark, CPISM,
CISSP, CIPP, Executive Director, Society of Payment Security
Professionals; and Michael Dortch, Founder and Managing Editor,
DortchOnIT.com.Representatives from the various card brands and payment
companies, as well as experts from law enforcement agencies and the FBI
will be on hand to network with attendees and talk about the latest from
their businesses and organizations. ProPay provides credit card
processing and electronic payment services for
businesses ranging from the small, home-based entrepreneur to
Equifax is offering instant online access to a free three bureau credit
report and FICO score until the end of March.
Consumers should visit www.equifax.com/freetrial to take advantage
of the offer. Equifax leverages one of the largest sources of consumer
and commercial data,
along with advanced analytics and proprietary technology, to create
customized insights that impacts the performance of businesses and
the lives of consumers.
USA Technologies has launched a major expansion program in Canada of its
and “ePort Connect” Service. USAT customers are installing the ePort
system in beverage
vending machines, coffee brewing machines, and desktop touch screen
entertainment systems, enabling them to accept credit and debit cards
for payment for the first time, as well as to monitor the performance of
these locations via the USALive(R) reporting capability included with the
ePort Connect Service with an initial 1,000 connections already
To help support its ePort Connect Service, USA Technologies has teamed
with Rogers Wireless Communications, one of the biggest wireless
operators in Canada, to ensure the most efficient and secure ePort
cashless card payment solution possible. USA has also partnered with an
additional credit card processor to support these customers. e-Port
Connect is the first complete portfolio of secure, high-speed
turnkey services that enables self-serve POS terminals to accept
cashless payments, handles all elements of transaction processing,
wireless connectivity and in addition allows customers to monitor and
manage their locations online.
OH-based management consulting firm LakeWest Group has rated POS
provider Epicor Software a leader in the POS software market.
LakeWest Group surveyed the Top 100 retailers as identified in the
August 2008 issue of STORES magazine for the “10th Annual POS
Benchmarking Survey”, which revealed Epicor as the clear leader in the
POS software utilization category with a 12% share of the market.
Respondents to LakeWest Groupâs
survey, which focuses on the specialty retail market, were typically
Chief Information Officers or Directors of Store Systems.
Epicor “Retail Store” solutions offer robust POS and in-store systems with
high return on investment applications. The “Retail Store” solutions
have a full complement of in-store back office options necessary to
efficiently and easily manage the retail store. These modules are also
accessible from the POS giving store managers the flexibility to work on
inventory, employee maintenance or other tasks while still monitoring
the sales floor.
M-payment service provider Verrus Mobile Technologies has selected
CA-based Solidcore Systems
“S3 Control PCI Pro” to maintain PCI-DSS compliance. Verrus identified
Solidcore PCI Pro as the ideal solution that provides
network configuration management, comprehensive audit trails and
continuous file integrity monitoring.
Verrus’ scalable solution is expanding the
global mobile payment markets into new, fast-growing verticals, such as
pay-by-phone parking and transportation. The company’s services
are available in over 100 cities and towns throughout North America and
Europe, making it the most widely-used pay by phone system. Verrus
processes millions of pay-by-phone credit and debit card
transactions, and the organization needed to simplify the effort and
lower the cost for meeting PCI DSS requirements.
M-Cube launched the first mobile banking application for consumers using prepaid cards in the UK and Ireland. This application will be immediately available to members of the “M-Cube Ryanair Prepaid” card and will be functional across the range of M-Cube backed prepaid cards. The “Ryanair Prepaid Program,” launched in November 2008, is already the largest mass market multi-brand prepaid programme created by a prepaid card provider in the UK and Ireland. Holders of other M-Cube backed prepaid cards will also be offered access to the mobile application. The announcement breaks new ground for the prepaid cards industry in the UK, part of a European market predicted by independent research to be worth 131 billion euros by 2015 and that the number of global consumers using mobile devices for banking services will soar to 816 million by 2011.Details