Attitude POSitive Unveils Wireless POS System

MA-based Attitude POSitive POS software has launched its AccuPOS Handheld POS system with its versatile interface, compatible with all servers of the traditional standard order station POS. The new solution also provides seamless bookkeeping to most accounting programs, a rapid 2-3 keystroke sales process, drag-n-drop set-up and features such as a touch-screen menu design, remote order printing, built-in credit card/gratuity processing, customer loyalty tracking and profit/loss reports, among others. Attitude POSitive provides POS inventory management and time clock software for the retail and hospitality industries.

Details

Big Banks Understand E-Marketing Importance

Based on a survey of 23 of the top 80 U.S. financial institutions conducted by Aite Group in the first quarter, the largest banks understand the importance of developing and investing in an online marketing competency better than smaller banks. Top 25 banks place a higher priority on selling financial products online, allocate more of their ad dollars to the online channel, and implement a wider range of online marketing tactics compared to other banks. As a result, Top 25 banks are far more likely to have seen increases in account balances, retention and number of products owned among their online banking and online bill pay customers. Online conversion rates for deposit products are heading down over a spectrum of banks, however, because financial institutions are failing to close sales online due to ineffective online marketing capabilities.

Details

Firethorn Powers Boeing Employees’ CU M-Wallet

Mobile commerce provider Firethorn Holdings has added BECU to its customer base and will launch a mobile wallet application. BECU plans on launching the Firethorn mobile wallet application in the first quarter of 2009. By collaborating with Firethorn, BECU will enable its members to check their account balances, transfer funds and view and pay bills through their mobile devices. Future service capabilities will include more advanced mobile transactions and mobile commerce. BECU is the largest credit union in Washington state and is one of the top five financial cooperatives in the country with more than 550,000 members and more than $8.3 billion in assets.

Details

Desjardins Expands Chip Cards In Quebec

Quebec’s Desjardins Group has launched its chip card, providing members of Desjardins caisses better protection against fraud for debit and credit card transactions. With close to 20,000 Desjardins chip cards already in circulation, more than 9 million Desjardins debit and credit cards will eventually be equipped with microchips over the next few years. Additionally, Desjardins Group’s equipment is to soon be adjusted for acceptance of the chip cards, including 2,700 ATMs, over 1,425 branches upgraded computers and more than 55,000 businesses’ point-of-sale terminals. The card will also maintain magnetic strip technology for card acceptance where chip-and-PIN is not yet accepted.

Details

Citi/SK Telecom M-Services Android Compatible

Citi and SK Telecom’s joint venture Mobile Money Ventures has announced that its solution for mobile financial services is compatible with “Android”, a software stack for mobile devices. End users will be able to easily download the financial application that will enable them to transfer money, check their accounts, get branch information, and carry out a Person-to-Person (P2P) transfer and will also have access to a stock monitoring feature that allows for real-time trading, portfolio management, and real-time market information. Other features include tracking receipts and expenses and a variety of payment functions. Google and other players have collaborated on the development of Android through the Open Handset Alliance, a multinational alliance of technology and mobile industry leaders. Mobile Money Ventures LLC (MMV) is the global solution provider of the next generation of mobile financial services applications.

Details

MasterCard’s GTO Names a New CTO

MasterCard has promoted Michael Manchisi to CTO. He succeeds Rob Reeg, who recently was appointed president of MasterCard Global Technology & Operations after serving as interim president since January. Reeg succeeded Roy Dunbar, who concluded his employment with MasterCard in January. Manchisi most recently was group executive, MasterCard Strategic Account Management, overseeing GTO partnerships with MasterCard customers and internal business partners. He has held senior leadership positions in MasterCard corporate and regional finance, customer service, and computer and network services. MasterCard GTO manages its operations in 210 countries and territories, including major processing centers in Brussels, Sydney and Chennai. For 25,000 financial institutions, the MasterCard network in 2007 processed 18.7 billion transactions.

Details

RapidAdvance Earns an Entrepreneur Award

MD-based cash advance provider RapidAdvance announced that Chairman and CEO Lee J. Jundanian has received the Ernst & Young “Entrepreneur Of The Year 2008 Award in the Financial Services”. RapidAdvance is a provider of merchant cash advances to small and mid-sized business owners looking to obtain additional working capital.The award recognizes outstanding entrepreneurs who are building and leading dynamic, growing businesses. Jundanian was selected by an independent panel of judges for demonstrating leadership, commitment to innovation, and integrity. Jundanian founded RapidAdvance in 2005, and today the privately held company has over 100 employees and operates throughout the U.S., Canada and the U.K.

Details

Monitise Americas Cited for an Global Award

Mobile financial services provider Monitise Americas has been named “Promising New Entrant” for the “2008 Cards International Global Awards”. The company also received finalist recognition for two industry awards, “Cards & Payments Best in Payments”, and the “5th Annual MITX Technology Awards”. The Cards International Global Awards are based on an organization’s achievements within the last 12 months. A panel of judges including the editorial team from Cards International, VRL KnowledgeBank, three recognized international industry consultants and two credit card experts evaluated the submissions. The Massachusetts Innovation & Technology Exchange (MITX) recognizes innovative technologies developed in the New England area, as well as the individuals and organizations responsible for driving these advancements.

Details

PayPal Celebrates 10 Year Anniversary

eBay’s PayPal has hit the 10-year milestone. PayPal users can pay from their PayPal balance, bank account, or by credit card, and can easily send and receive money in 17 currencies across 190 countries in which PayPal operates. With more than 60 million active accounts, PayPal transacted $47 billion in 2007. Every second, PayPal processes some U.S. $2,000 in payments. Today, PayPal payments represent about 9% of e-commerce globally and 12% in the U.S. A new PayPal survey shows that 84% of U.S. respondents say they have been shopping online for five or more years, and 87% report that they shop online at least once per month. One quarter of those surveyed said their first e-commerce purchase was travel related, and travel goods and services remain the most widely purchased items online today (82%).

Details

SAINT-JEROME CHIP CARD

Desjardins Group has launched its chip card, providing members of
Desjardins caisses in Saint-Jerome better protection against fraud for
debit and credit card transactions. With close to 20,000 Desjardins chip
cards already in circulation, more than 9 million Desjardins debit and
credit cards will eventually be equipped with microchips over the next
few years. Additionally, Desjardins Group’s equipment is to soon be
adjusted for acceptance of the chip cards, including 2,700 ATMs, over
1,425 branches upgraded computers and more than 55,000 businesses’
point-of-sale terminals. The card will also maintain magnetic strip
technology for card acceptance where chip-and-PIN is not yet accepted.
Desjardins Group has overall assets of nearly $150 billion, employs
40,000 and serves 5.8 million members products and services.

Details

Parcxmart’s Connecticut Program Takes-Off

Parcxmart’s New Haven Connecticut’s multi-application parking card program has hit the $1 million mark in transaction volume. Parcxmart’s multi-application smart card is the first card of its kind to provide consumers with a prepaid general purpose card to make payments more convenient and secure for on-street and off-street parking as well as shopping for goods at local merchants.

Details

RAHAXI

FreeStar Technology international card payments processor and has
announced the completion of its name change to “Rahaxi, Inc.,” which
began to process in July of 2007. This development is in conjunction
with FreeStar’s approval of a three to one reverse stock split of the
Common Stock. Both developments, however, are subject to approval by
FreeStar’s stockholders and require an amendment to FreeStar’s Articles
of Incorporation. FreeStar Technology provides financial solutions to
merchants and acquirers in over twenty countries around the world.

Details