Starmount Announces Advanced Omni-channel Customer Engagement, mSelling

Starmount announced version 3.0 of Starmount Connect, an advanced omni-channel commerce and customer engagement platform, and version 3.0 of Starmount Engage, the industry’s leading mobile selling solution for retailers. Starmount Connect and Engage allow retailers to meet rising consumer expectations in an omni-channel world by using mobile devices to engage their customers and deliver a personalized, highly relevant selling experience where the majority of retail sales take place ” in the store aisle. Starmount Connect brings together the data and capabilities to connect retailers’ stores, Web site, warehouses and distribution centers, with the out-of-the-box infrastructure, integration, data distribution and enterprise services that are required to drive omni-channel operations.

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Visualsoft eCommerce Implements Realex PCI Payments

Realex Payments, an established e-retail payment service provider, and Visualsoft, an award winning ecommerce platform, have announced a partnership that offers PCI compliant payment solutions for online retailers operating on the Visualsoft platform. Realex Payments works closely with online retailers throughout the initial engagement period, providing consultative services to establish the particular suite of payment solutions that is required to fit the individual business needs. Realex Payments is already trusted by Visualsoft merchants who process thousands of orders per week. Read the latest case study from Realex Payments – “Improving Fraud Management and Customer Navigation Solutions to Deliver Increased Sales” – demonstrating the onboarding process of online retailer www.Lilylola.com and highlighting the key solutions provided by Realex Payments.

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Payfirma Announces Latest Addition to Board

Payfirma announced Ryan Holmes, Founder and CEO of HootSuite, joined its board of directors. Holmes has grown HootSuite to be a global leader in social media management with over 8 million users, including 744 of the Fortune 1000 companies. HootSuite is a social relationship platform for businesses and organizations to collaboratively execute social media strategies across networks such as Twitter, Facebook, LinkedIn and Google+ Pages from one secure, web-based dashboard. Advanced functionality includes tools for audience engagement, team collaboration, account security and comprehensive analytics for end-to-end measurement and reporting.

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Easypaisa Rolls Out mATM cards

Easypaisa, Pakistan’s first and leading branchless banking service from Telenor and Tameer Microfinance Bank, has launched easypaisa mobile account ATM cards in Pakistan using TPS IRIS Enterprise Payment Switch. These cards are highly secure and convenient where customers will no longer need to visit an easypaisa outlet to avail easypaisa services. With the launch of Easypaisa mobile account ATM cards, Easypaisa customers can not only withdraw cash from ATMs nationwide but can also make fund transfers, bill payments and withdraw cash on Tameer Bank POS machines. This card program paves way for significantly improving financial inclusion for easypaisa customers who can receive payments from governmental institutions such as Benazir Income Support Program (BISP), Employees Old Age Benefit Institute (EOBI) and many others.

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ERN Partners Swiff mPayments on Data Analysis

ERN announced its partnership with SCCP Group’s mobile payment platform Swiff, to enable merchants in Europe and Asia to analyse behavioral transaction data captured by Swiff platform in real time. Swiff mobile payment platform is designed to help merchants make and receive card payments using mobile devices to allow fast, easy and secure card transactions. With this new partnership with ERN, the transactional data captured by Swiff can be analyzed in real time by ERN’s Looop platform, enabling merchants to create personalized offers for individual customers delivered directly to their smartphone. ERN recently announced a three-year strategic partnership with FICO (NYSE:FICO), a leading predictive analytics and decision management software company.

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Aconite Deploys PIN Manager with Nets

Aconite smart card issuing and processing solutions is deploying its “Aconite” PIN Manager at Nets card payments processor. Nets needed a PIN management solution that would deliver improved customer service and cost savings to their card-issuing clients. Aconite PIN Manager enables competitive differentiation by moving away from the more expensive and risk-prone paper PIN mailers to secure electronic PIN delivery methods. Nets also wanted to simplify operational management, ease compliance and reduce complexity. Aconite PIN Manager is a highly secure PIN management system that delivers a range of features that can be combined or implemented individually to meet specific organisational requirements and priorities. The features of Aconite PIN Manager include electronic PIN delivery, PIN generation, secure PIN storage, PIN verification and synchronisation of EMV Offline PIN across cards and hosts.

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Card APR Stagnation Prevails

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average credit card APRs remain unchanged since the December figure of 15.06% after averaging a meager .04% change over the past year. This stifles the momentum to the ebbing 2013 APR credit card averages and is only the second time APRs have been over 15% the entire year. This also follows…

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Target Update on Data Breach & Free Credit Monitoring

Target today announced updates on its continuing investigation into the recent data breach and its expected fourth quarter financial performance. It has been determined that certain guest information — separate from the payment card data previously disclosed — was taken during the data breach. To provide further peace of mind, Target is offering one year of free credit monitoring and identity theft protection to all guests who shopped our U.S. stores. Guests will have three months to enroll in the program.

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Optimal Payments Obtaines Merchant Acquiring

Optimal Payments announced that it has obtained principal membership status for merchant acquiring from MasterCard® Europe and Visa® Europe. The new merchant acquiring agreements are consistent with Optimal Payments’ strategy to strengthen and differentiate its products and follow the December 2012 announcement that principal membership had been obtained from MasterCard for card issuance. The agreements with MasterCard Europe and Visa Europe will allow Optimal Payments to directly acquire merchant accounts without the need for an acquiring bank, and process Visa and MasterCard payment transactions in the UK and the European Union for Optimal Payments’ merchants.

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Pitney Bowes hires New GM, Financial Services

Pitney Bowes announced Ron Totaro its latest addition as General Manager, Global Financial Services. He will be leading a team that is responsible for the strategic planning execution and P&L of the global payments and leasing businesses for Pitney Bowes, bringing an extensive background of building global organizations, driving top and bottom-line growth and leading innovation in payments, financial services, technology and ecommerce businesses. Ron has held leadership positions at GE Capital, American Express and America Online, and has led strategic transformation and growth at FICO, ACI Worldwide and private equity-backed companies. Totaro holds an MBA from the Stephen M. Ross School of Business at University of Michigan and a BS from the State University of New York at Albany.

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SMI uses HybridVIRTUO

Hybrid PayTech World Inc announced today that Smart eMoney Inc. (SMI) and Hybrid PayTech Asia Inc. (Hybrid) have collaborated for the deployment of a pioneering mobile payment ecosystem platform to enable enterprise and retail businesses in the Philippines. SMI will use the HybridVIRTUO Ecosystem Platform for mobile point-of-sale (mPOS) roll-out which includes a unique host of solutions for easy integration with other existing payment systems. The scalable Hybrid platform will enable SMI to deploy a full suite of compliant mobile payment solutions for businesses and includes Hybrid’s HybridMPOS APPs, a mobile application built on the most popular operating systems for wireless devices such as Android, IOS, BB, and Win6,7,8.

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Adyen Shows 3D Secure Impact Study

Adyen multichannel payment solutions released findings from its analysis of how applying 3D Secure to all transactions can positively or negatively impact conversion rates on a per-country basis. Indicating 3D Secure has a positive impact on conversion rates in countries such as India, Russia and the United Kingdom, but has a negative impact in France, Germany and the United States when implemented on all transactions. However, the report shows that when 3D Secure is implemented only on specific segments it can actually increase conversions in these markets. Developed by the MasterCard and Visa card schemes, 3D Secure is an additional security layer for authenticating cardholders online. Traditionally, online merchants have adopted a binary view: they either implement 3D Secure across all transactions or not at all. By analyzing transactions processed on its payment platform, Adyen has detailed data about the impact of 3D Secure across its portfolio in selected countries. India, Czech Republic, Russia and the United Kingdom show the highest uplift in conversion rates where 3D Secure has been implemented on all transactions. In India, the uplift is almost 30 percent, and in the United Kingdom it is around 2.5 percent.

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