Paymill Announces All-in-One eCommerce Solution

Paymill launched its new product Paymill Unite, an all-in-one solution for everyone who offers an online marketplace. The product enables merchants to offer credit card or debit payment to their buyers on their marketplace in a very easy way. Marketplace owners are now able to connect to other PAYMILL merchants, create transactions on behalf of connected merchants and take commissions for their services. Users can transfer money directly to your merchants and to collect fees for yourself. For the merchant, PAYMILL Unite generates higher conversion rates and minimizes customer dropouts while securely storing customers credit or debit card data.

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Chase Launches iPad Househunter App

Chase has customized the popular Chase “My New Home” app for the Apple tablet – and added features to make it even better. This offers the only app on the market that guides users through the home-buying process from start to finish. It allows searching home listings by ZIP code to calculating monthly payments- provide real-time help at each step of the home-buying process. Househunters can record notes, take photos and videos of the houses, calculate payments and access more than 4,000 local Chase mortgage bankers. The videos offer practical advice from both homebuyers and the experts they will meet throughout the home buying-process. Viewers can learn about a wide variety of subjects from key mortgage terms and how to select the right real estate agent to what to expect at closing.

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EFT Announces EMV Website

The Electronic Funds Transfer Association has launched “EMV Update,” a source of timely, objective information on the migration of EMV technology to the American electronic payments industry, the group announced. EMV is a security standard designed to increase protection against the theft of payment card identification data. Theft of this data could permit unauthorized access to a cardholder’s funds. Currently the U.S. is the only member of the G20 nations where banks that issue credit or debit cards do not use the EMV standard. Large card brands like Visa, American Express and MasterCard have set target dates, some of which have already passed, for the adoption of the standard by different industry segments.

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EFT Launches EMV Information Site

The Electronic Funds Transfer Association has launched “EMV Update,” a source of timely, objective information on the migration of EMV technology to the American electronic payments industry. Currently the U.S. is the only member of the G20 nations where banks that issue credit or debit cards do not use the EMV standard. Large card brands like Visa, American Express and MasterCard have set target dates, some of which have already passed, for the adoption of the standard by different industry segments.

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Leading Brands Converge at CashStar Roundtable

Experts across the retail, restaurant, payments and digital marketing industries will come together at CashStar’s 2013 Retailer Roundtable to discuss the near- and long-term impact mobile technology and the convergence of offers, payments, and loyalty will have on their businesses. More than 20 major brands will attend, along with CashStar partners, including Bridge2 Solutions, First Data Corporation, and RewardsNOW. Discussion will include the transformation of gift cards into mobile, reloadable payment cards that foster increased engagement and spending; the transformation of retailer apps into mobile wallets, driven by consumers’ desire for convenience and smartphone adoption; and the transformation of gift cards – as well as coupons, offers, and loyalty points – into different forms of Branded Currency, and the implications of their convergence on consumer purchase behavior.

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Virtual Piggy Partners First International

Virtual Piggy integrated its youth-friendly payment system to Innovation First International and HEXBUG® Micro Robotic Creatures and VEX Robotics product lines. Innovation First International is a technology and engineering company that has launched several robotics product lines spanning the consumer toy, STEM education, and business-to-business markets. HEXBUG products are available in over 4,000 outlets globally, to which Virtual Piggy is integrated directly into its e-commerce platform to allow direct online and mobile purchases. Virtual Piggy has a standard interface to eBay’s Magento e-commerce platform, which facilitates a simple and rapid integration.

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Dunlop Implements UK POS Promotion

Dunlop Adhesives has revealed why it chose to team up with Greater Manchester-based manufacturer UK Point of Sale when promoting a rebrand earlier this year. When launching new packaging, Dunlop Adhesives sought to develop a suite of point of sale which was specifically tailored to educate shoppers and allow them to navigate the repackaged products as easily and quickly as possible. As part of its rebrand strategy, the firm teamed up with UK Point of Sale to provide high-quality shelf-edge leaflet holders intended to boost cross-selling opportunities and provide consumer education by highlighting the QR codes printed on the new packaging, as well as DL leaflet holders to dispense product selector leaflets and shelf barkers.

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i2c Provides Heartland Prepaid Card Processing

I2C cloud-based payment processing is providing Heartland Payment Systems prepaid card processing services. The companies’ first collaboration is the National Restaurant Association’s (NRA) Edge prepaid card program, which runs on the Discover® network. The Edge card allows restaurant employees to deposit their paychecks, load funds, receive employer-sponsored incentives and earn cash rewards on a general purpose prepaid card. i2c’s prepaid card payment processing platform will serve as the system of record for Edge accounts and enable the introduction of new card features such as card-linked offers and real-time mobile alerts.

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MoneyGram Appoints Former PayPal to Head Emerging Channels

MoneyGram International announced W. Alexander Hoffmann has been appointed to the company’s executive leadership team as senior vice president, global product management and emerging channels. Hoffmann will lead MoneyGram’s global product portfolio, emerging channels and MoneyGram Online. Hoffmann was previously head of consumer growth for Europe, Middle East and Africa at PayPal. He has 20 years of experience in payments and cards, online services and technology, and a strong track record of building new products from concept to launch. Prior to his position at PayPal, Hoffmann spent 12 years at McKinsey & Company in Brussels, Belgium, and Palo Alto, California, working with clients in the payments and telecommunications industries.

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TIO Networks Acquires Globex Financial Services

TIO Networks bill payment company entered into an agreement to acquire Globex Financial Services, Inc., and its operating business Global Express Money Orders, Inc. (“Global Express”). The acquisition of Globex Financial Services will strengthen TIO’s position in the bill payment industry and provide TIO with a national footprint. It is anticipated that revenue synergies will include the cross selling of TIO’s innovative mobile payment, self-service kiosk and financial wallet technologies to an expanded customer base. The combined companies will offer bill payment services to millions of consumers across the US and Canada. In 2012, Globex generated over US$10M in revenues at gross margins that are significantly higher than TIO’s historical gross margins. With this acquisition, TIO will enjoy significantly higher consolidated revenues and gross margins as well as a more diversified revenue base across customers, geographies and industries.

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Oberthur & Société Générale Launch Contactless Payment Service

Oberthur Technologies security and identification solutions and services based on smart card technologies and Société Générale announced that they launched the bank’s first NFC Visa payment service through Oberthur Technologies’ Trusted Service Manager (TSM) platform. The NFC ecosystem is progressively maturing in France with several commercial deployments either planned or in progress in large cities. The successful launch of Société Générale’s NFC service with two French mobile operators in Strasbourg means that Oberthur Technologies is the first TSM supplier demonstrating the end-to-end interoperability of its NFC offer with TSM and SIM cards from other suppliers. The bank’s customers will be able to subscribe to this NFC payment service that will enable them to pay with their phone at all the point-of-sales equipped with contactless terminals throughout the country.

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