Xoom Corporation today announced a partnership with HDFC Bank Limited (HDB), by offering instant deposits to INR denominated HDFC Bank accounts in India. This breakthrough service allows Xoom customers to instantly deposit money directly into their recipients’ HDFC Bank accounts in India. The instant service is available 24 hours a day, seven days a week, 365 days a year–even on banking holidays.Details
Green Dot Corporation announced a new reload technology and consumer process designed to improve the retail cash reloading experience for its millions of Green Dot Reload Network users. Reload @ the Register is powered by Green Dot’s highly scalable and market-proven “SwIT” (Swipe Interface Technology) functionality. This real-time technology is designed to make reloading cash onto a prepaid card faster, more convenient, more efficient and more intuitive for the customer than using a paper reload “chit,” which is a method commonly used today by Green Dot and other competing reload network providers. The Green Dot Reload Network was invented in 2002 as the prepaid industry’s first cash reload service. Today, The Green Dot Network is America’s leading reload network used by all Green Dot Bank programs and also by more than 150 other banks and prepaid program managers in order to facilitate cash reloads to their respective program’s cards.Details
Vodafone and Visa launched the Vodafone Wallet and Visa SmartPass service. The agreements increase the reach of V.me by Visa and as a result, Visa expects many more retailers to have access to V.me and be capable of processing transactions by the end of 2014. SmartPass is the first service to offer consumers in the Netherlands the chance to make secure, easy contactless payments using their mobile phone. The service will work on any contactless payment terminal in Europe that displays the V PAY logo. Users will also be able to transfer money to each other’s SmartPass accounts using the service. The Vodafone SmartPass payment service has been developed with Visa and is based on a prepaid Visa solution. For transactions under €25, customers can pay easily and conveniently by simply touching their mobile phone to a contactless terminal showing the V PAY logo. For transactions over €25 the customer will be invited to enter a passcode to verify their purchase.Details
Spire Payments announced the acquisition of Altius Plus, recognised experts in the development of payment applications, terminal management systems, loyalty schemes, ticketing solutions and client server-based architectures within the payments industry. Altius Plus will become Spire Payments Eastern Europe LCC, a wholly-owned subsidiary of Spire Payments and will play a pivotal role within the business to cement its position as the third largest PoS vendor in Europe. Altius Plus was founded in 2006 by payment industry experts who had accumulated over a decade’s worth of experience working as part of the Hypercom Corporation team in CEE.Details
Sopra Banking Software implemented an electronic money platform at Transactis French electronic transaction hub – for Société Générale, La Banque Postale and Crédit du Nord.
This fully operational platform uses Sopra Banking Cards-Issuer for contract and support management, as well as associated payment and withdrawal activities. A common electronic money platform for Société Général and La Banque Postale, allowed a common transaction system. At the end of 2012, Transactis was already managing two billion transactions per year for both banks. Sopra Banking Cards-Issuer offers an open, flexible architecture and comprises a number of pooled services that benefit all of its customers. These services include a multitude of visuals, a reduction on card production delays, mobile payments, payments without contract and post-personalization.
iPayment announced their financial results for the three months and twelve months ended December 31, 2013. For 4Q/13, the Company processed $5.3 billion of total transaction volume, an increase of 1.0% from the same period of 2012. In the fourth quarter, the Company processed 82.9 million transactions, an increase of 2.0% from the fourth quarter 2012. Total revenues increased by 0.2% to $169.2 million for the fourth quarter of 2013 from $168.9 million for the fourth quarter of 2012.Details
Digital Insight, announced it will expand its online banking portfolio to include Shared Access (Entitlements) and Small Business Payments, including Automated Clearing House (ACH) and Wires to help financial institutions increase profitability, deepen loyalty and trust, and reduce fraud. Digital Insight was acquired by NCR Corporation in January 2014. Offered as part of the retail banking platform, the added Digital Insight online banking solutions enable the company’s more than 1,000 customer financial institutions to attract and engage the unique needs of profitable small businesses.Details
Optimal Payments Plc is pleased to announce that it has integrated MasterPass™, MasterCard®’s digital wallet, into its NETBANX® merchant platform. MasterPass allows consumers to use any payment card or enabled device to discover enhanced and secure shopping experiences with just a click, tap or touch – online, in-store or anywhere. It moves payments forward by allowing the consumer to safely store all their payment, store card, loyalty, shipping and billing address details in one place and gives consumers the ability to make a payment from wherever they are with whatever device they have.Details
The SpendSmart Payments Company announced that it has appointed Mr. Alex Minicucci as the Chief Executive Officer and a director of the Company. Mr. Minicucci is a proven entrepreneur with an 18-year background in web, ecommerce, and mobile marketing. In November 2008, Mr. Minicucci founded SMS Masterminds, subsequently earning several recognitions such as ‘Top 20 under 40 Entrepreneur’ in 2013 in Tri-Counties California.Details
Global Payments will implement MasterPass digital payments service allowing consumers to use any payment card or enabled device for an enhanced shopping experience. The new service will provide Global Payments North American merchants the ability to offer their shoppers a convenient and flexible way to pay via the web or on a mobile device. With MasterPass, shoppers can pay for the things they want with the security they demand, through the simple click of a mouse, touch of a tablet or tap of a smartphone. Shoppers’ preferred payment and shipping information is securely stored within the digital service, which is readily accessible when they click on the “Buy with MasterPass” button and log into their accounts. This faster, more efficient experience leads to less shopping cart abandonment, increased sales and enhanced consumer loyalty.Details
TSYS reached a long-term agreement to provide consumer credit processing services along with value-added capabilities for Virgin Money customers within the United Kingdom. Virgin Money selected TSYS’ market leading TS2® platform to support its UK cards portfolio. TSYS will provide a flexible and reliable card processing solution for Virgin Money with value-added capabilities being provided through various partners, including TSYS Managed Services EMEA.Details
NBS Technologies announced that the host card emulation (HCE) feature of Android KitKat is now fully supported by the NBS Xpressi Trusted Service Manager (TSM). With HCE no physical secure element is required. The secure element is implemented completely in the Android application. Therefore, no UICC chip or microSD card is required and no Mobile Network Operator (MNO) involvement is required to personalize and use an NFC enabled phone for contactless payments.Details