Green Dot Corporation supports Visa’s recently announced designation for consumer reloadable prepaid products in the U.S. The new designation is aimed at simplifying fees, improving consumer protections and creating opportunities for cardholders to improve their financial health. Green Dot Corporation is the largest provider of reloadable prepaid debit cards in America with its products sold in more than 90,000 retail locations nationwide.To qualify for the new Visa prepaid designation, prepaid programs must meet a set of standards outlined by Visa that relate to simplified fees and transparent disclosures as well as superior consumer protections.Details
Monitise banking technology partnered Kredi Bank to offer Nuvo ‘branchless banking’ service with mobile commerce capabilities. This allows customers to open accounts and complete all their transactions via mobile and internet banking, Nuvo enables consumers to manage their money and take advantage of mobile shopping and commerce services in their own time and from anywhere. Account features include competitive interest rates, free account transactions and money transfers, and perks such as Yapı Kredi’s World Gold or Play Card loyalty programs. In addition to delivering banking convenience, Nuvo offers exclusive shopping benefits to its users, including discounts and reduced delivery costs. Nuvo is currently available on iOS and Android, in both Turkish and English.Details
Volante announced the release of its latest ISO 20022 Accelerator; the SADC Payments IS0 20022 Conversion Pack. The pack is designed to help firms comply with the new harmonized local payments infrastructure being created within the Southern African Region. The SADC Payments Conversion Pack contains a range of software modules that provides all SADC rules and message components in pre-built cartridges. The combination of pre-built components plus Volante’s proven ISO 20022 payments processing software enables any bank to convert to a SADC payments processing environment quickly and efficiently. With Volante ISO 20022 product, firms are able to insulate themselves from changes to future standards as well as leverage the technology for use in other business areas with global and regional ISO 20022 projects.Details
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] VeriFone Systems secure electronic payment solutions announced for the three months ended April 30, 2014 net revenue of $467 million, up 9% from the year ago figure of $430 million. The second quarter financial results exceeded Verifone guidance. This comes as VeriFone approved restructuring plans in order to support its transformation…Details
San Francisco-based Square has unleashed Square Invoices to help sellers get paid fast with free unlimited invoices and no monthly service fee. Now sellers can accept payments in person, online in Square Market, and through Square Invoices for the same low 2.75% transaction price. Sellers can track all sales from their Square Dashboard, making it easy to manage all of their business operations from one place.Details
MasterCard will be a title sponsor and partner for the Wearable World In-Flight Wearable Technology Hackathon, which focuses on the connected traveler. The event will combine developers and hardware manufacturers in the wearable space taking place to create new technologies for trial on American Airlines. More than 200 developers will have a chance to work with American’s development team, hardware and API partners like MasterCard throughout the weekend to create the next killer wearable app/product. Featured MasterCard API Services that will enable developers to build mobile and wearable apps include MasterCard Location Services, Simplify Commerce, MasterPass Partner Wallet, and MoneySend. Teams will then have 30 days to develop a prototype of their technology, with finalists then selected to test out their systems on a transcontinental American Airlines flight from New York City to San Francisco aboard the new Airbus A321T. The winning team receives an incubation sponsorship with Wearable World – as well as the opportunity to pitch American Airlines Technology Group.Details
Reposs has been appointed the only EPoS partner for WHSmith Local using the Reposs Core EPoS Software and Toshiba Global Commerce Solutions SurePOS and TCxWave hardware. WHSmith Local needed an EPoS Solution for their franchisees that could manage product supplied by WHS retail and also manage all the other products and services that are offered by a typical news agent and convenience store. The Reposs solution included all the required features and the knowledge and experience of connecting retail to wholesale to develop the two-way electronic link to WHSmith retail. The WHSmith Local Reposs link enables the retailer to stay up to date with the products supplied by WHS retail. This includes a product file with all retail prices, delivery notes for stock deliveries, promotions and special offers, stock order processing and key sales data processing.Details
Welch ATM announced the acquisition of the ATM portfolio of privately held Thillens. The ATMs purchased by Welch are part of Thillen’s financial institution sponsorship program entailing partnerships with credit unions and select employee group locations. Over seventy percent of the acquired ATMs are placed in Chicago, Illinois and align well with Welch’s strategic plans for this important geographic population center. Thillens will continue to provide cash delivery solutions after the transaction close. They will also play a key role in growing the Chicago ATM business post-closing.Details
Intellicheck Mobilisa will exhibit at the 2014 Hospitality Industry Technology Exposition & Conference (HITEC 2014), offering demonstrations of the integration of the SaaS version of its ScanINN® check-in and ID-verification software. ScanINN automates the hotel registration and reservation process and makes it faster and more efficient. The ScanINN software enables hotel personnel to scan a guest’s ID card to process the information encoded on it, quickly and automatically filling in the electronic forms stored by the hotel’s computer. Compared to manual data entry, this automated procedure not only increases productivity, but also protects against data entry errors and reduces the risk of identity theft. The Company will also offer demonstrations of a variety of different hardware options for reading ID cards, and will also demonstrate its barZapp™ app for Android, iPhone and iPad. BarZapp is an ID-checking mobile app that allows a user’s smartphone to check an ID card.Details
Wincor Nixdorf has further developed its modular POS line using cutting-edge technologies with the new BEETLE /M-III is equipped with Intel’s fourth generation of Core processors (Haswell technology). Through the processors’ performance, coupled with high-speed main memory modules, users can clearly feel just how powerful the overall system actually is. Wincor Nixdorf is the first POS vendor to use Intel’s Haswell technology in its modular systems. Various processors covering a wide performance range allow the system to be adapted to the changing requirements in the retail industry. Despite their higher performance, the processors consume less power than those of the previous generation. In developing its POS systems, Wincor Nixdorf has for years leveraged every technical possibility for minimizing power consumption. In the case of the BEETLE /M-III, this includes newly developed power supply units that have a constant energy efficiency of at least 87 percent and comply with the stringent 80 PLUS Gold environmental initiative.Details
ACI Worldwide announced that Ecentric Payment Systems is utilizing ACI’s Point to Point Encryption (P2PE) solution to provide a more secure path for consumer transactions initiated at many of the largest retailers in Africa.
P2PE is an emerging encryption technique in the payments industry that protects sensitive cardholder data in transit”as it is transmitted from a merchant’s store to its acquiring bank. Ecentric processes nearly 400 million transactions per year for retailers, and as more African markets develop and mature and South African retailers expand into other countries across the Continent, this number is quickly increasing. A long-standing ACI customer, Ecentric has broadened this relationship and is relying on ACI’s P2PE solution to protect sensitive cardholder data across its customer base.
NTT Communications announced the introduction of its payment solutions to help merchants expand their reach and gain access to the global e-Commerce market’s vast potential. The solutions lower the barriers of entry for merchants, allowing rapid access to high-growth e-Commerce markets such as China.Developed by NTT Com Asia, the company’s East Asia Headquarters, the payment solutions leverage the group’s global presence and strengths in technology and IT infrastructure, providing comprehensive solutions for all online payment needs. A single, simple integration gives access to multiple acquirers and payment methods around the world, allowing merchants to quickly expand their business reach. With the company’s proven China payment solution, overseas merchants can conduct cross-border e-Commerce in Reminbi and take advantage of the market’s e-Commerce boom. As a consolidated payment solution, merchants can manage the entire payment value-chain through a single point of contact and simple, one-time integration.Details