PayPal made available its app with fingerprint authentication on the new Samsung Galaxy S5 device. When shopping with PayPal on their Samsung Galaxy S5, users can login with their fingerprint to shop at millions of merchants that accept PayPal on mobile web sites, mobile apps and in stores. Additionally, Samsung Galaxy S5 users who use the PayPal app will receive $50 USD or more in offers at several merchants that accept PayPal. To watch a video of how logging in to shop with your fingerprint works, click here. For additional information, check out our blog post and press release. The PayPal app is also available today on the Samsung Gear 2 and Gear Fit. Using the PayPal app, Samsung Gear 2 owners can check-in to pay at local stores, save and redeem offers, check their balance and receive payment notifications while on the go.Details
Wave Crest Group Limited, a multi-currency digital payments platform that offers full-service, global solutions, has been selected by Advanced Cash to provide customers with a new payout option: a prepaid MasterCard program.
Around the world, customers use the Advanced Cash payment services platform to perform a multitude of financial transaction types. Freelancers, business owners, and affiliate program managers can pay partners, and receive payments, all through a single account.
NCR Corporation and CradlePoint cloud-managed 3G/4G networking solutions for distributed enterprises signed an agreement that provides CradlePoint customers with expanded field service and support globally. NCR, through its Telecom & Technology line of business, will provide on-site installation, hardware maintenance and remote monitoring services that support CradlePoint’s cloud managed networking solutions.CradlePoint’s existing and new enterprise customers with geographically dispersed locations will significantly benefit from access to the more than 13,000 NCR badged service professionals and managed service centers globally.Details
MasterCard announced the launch of Doing Good in One Touch Is Priceless campaign. As a result, at least 30 million rubles (about $1MM USD) will be donated by MasterCard to Stand Up To Cancer (SU2C). The funds will support Russian and international oncological research aimed at developing new methods of cancer treatment. Everyone will be able to contribute to the campaign simply by making everyday purchases with innovative contactless MasterCard PayPass® technology at points of sale throughout the country.Details
FIS announced the acquisition of CMSI consumer loan origination software and services for undisclosed transaction terms. CMSI is a leading provider of consumer loan origination and portfolio management software to a broad spectrum of financial institutions within the U.S. and Canada ranging from community-based institutions to large, international lenders.Details
Qatar Islamic Bank and NCR Corporation inked a strategic agreement for the implementation of significant technology projects in 2014. QIB will purchase the innovative NCR Skimming Protection Solution (SPS) in an effort to proactively address today’s ATM skimming challenges and deliver maximum protection and convenience to its customers. As part of this project, QIB will enhance the strength of its IT infrastructure with the use of security firewalls, network access control, data center switches upgrade and the technology refresh of its entire telephony system. QIB will be among the first large financial institutions to move their self-service network to the Windows 7 platform.Details
Paydiant, Inc. today announced that its white-label, mobile wallet solution for merchants and banks has been selected as a finalist in the Most Innovative Mobile Solution category for the MITX What’s Next Awards. Paydiant’s patented, white-label, cloud-based transaction processing platform enables merchants and banks to quickly integrate mobile payments, offers, loyalty, and ATM cash access into their own branded mobile app.Details
Average credit card APRs are up .1% from the March figure to 15.02% after averaging a meager .04% change over the past year. This throws a kink in the downward momentum seen through the beginning of the year. This also follows a relatively lengthy period of APR stagnation throughout the holiday and early months of…Details
The most popular payment method based on purchase volume were UnionPay debit cards, which for the first time surpassed Visa credit cards and Visa debit cards. Visa’s market share of 39.22% was down 262 basis points. MasterCard’s share dropped 158 basis points to 26.08%. UnionPay’s share grew by 534 basis points to 20.39%. American Express’s…Details
Best Western International today announced that it is streamlining the hotel booking process by working with Google to allow guests to pay for their stay using Google Wallet. The brand will integrate Google Wallet within the Android version of its popular “Best Western To Go®” application and mobile website viewed through a browser on any device, allowing customers to seamlessly complete their reservation through this safe and secure platform. By adopting Google Wallet, Best Western is reducing the amount of steps consumers need to take to complete a mobile reservation.Details
Visa announced that Kelly Mahon Tullier will join the company as Executive Vice President and Deputy General Counsel. She joins Visa from PepsiCo, Inc., where she was the Senior Vice President and Deputy General Counsel. Ellen Richey, Chief Legal Officer, Chief Risk Officer, and member of the Executive Committee will continue in those roles through September 30, when she will become Vice Chairman – Risk and Public Policy. The Chief Risk Officer and the Chief Audit Executive will report directly to Ms. Richey. Ms. Richey will also lead a newly created function responsible for Public Policy at Visa, which will include ensuring that Visa continues to drive the future of payment security, being our voice with legislators, regulators and clients globally regarding payment system security, and other similar initiatives combining business and policy issues of strategic importance to Visa. She will also be responsible for coordinating global crisis management at the executive level.Details
FIS announced a new solution that allows banks and credit unions to compete effectively with alternative financial services. FIS “GenNOW” Financial Services allows financial institutions to capitalize on these customers by providing real-time access to funds via mobile or prepaid cards. The “GenNOW” solution lets financial institutions effectively compete in a disruptive market where their customers are being lured to conduct alternative financial services outside of the traditional banking system. By offering a GenNOW account, financial institutions will be able to capture new revenue and retain customers with state of the art financial services and tools.Details