Balanced Processing Adds Bank Payments

Balanced Processing has always supported payments from major credit/debit cards and now supports payment through consumer bank accounts. “Balanced Bank Payments” offers developers a white-label, RESTful API for bank account payments. Buyers don’t need to be redirected away from merchant website/app and won’t be required to create a Balanced account to pay with their bank account. Also added are bank account verification helpers to our API. This on-site, white-label ACH/bank payments API uses the ACH network to debit a buyer’s bank account.

Details

Mastercard Launches NFC Payment Project

MasterCard launched NFC payment services in Brazil on its Mobile PayPass technology platform, in partnership with Itaú, TIM, Redecard, and Gemalto. Giving consumers greater convenience and speed when shopping, through a more secure payment option, “Mobile PayPass” utilizes tap-payment charged to a virtual account stored in the account holder’s smart phone. As part of efforts to prepare the environment for the future of electronic payments, MasterCard is building the ability to connect MasterPass, its recently announced digital service, to a Mobile PayPass-enabled handset that has been provisioned for NFC payments at the cash register.

Details

Experian Intros Consumer Credit Bureau

Experian global information services launched its consumer credit bureau providing consumer credit reports to financial institutions, telecommunication and utility providers. The bureau’s launch will increase competition within the Australian market, by providing credit providers with greater bureau choice, and improved transparency for businesses and consumers about the credit granting process. From Experian’s portfolio of global products and services, the Australian credit bureau will offer a range of tools to help lenders manage their clients through the entire lifecycle and better understand risk.

Details

Wincor Nixdorf Allows ATM Withdrawal on Smartphones

Bank customers will now be able to withdraw cash from ATMs using their smartphone instead of a bank card through the Wincor Nixdorf enhanced PC/E Mobile Cash app for Android and iOS in October 2012. For the iPhone, Wincor Nixdorf is the first vendor of ATMs to integrate this service in Apple Passbook using Apple passes while for Android users, it has been integrated directly in the Wincor Nixdorf app. Bank customers use the app on the smartphone to prepare their withdrawal quickly and conveniently. Bank customers simply select the Mobile Cash function and then control the rest of the previously prepared transaction from their smartphone. The QR code, which is stored either in Apple Passbook or Wincor Nixdorf’s PC/E Mobile Cash app, is read in at the ATM, replacing authentication via bank card. A transaction PIN can also be entered as an additional security feature.

Details

ACI Worldwide Sales Up 81% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] ACI Worldwide payment systems posted 4Q/13 sales of $309 million, up $138 million by 81% since the year ago figure, to which S1 contributed $81 million. Historical ACI sales increased $57 million by 33% from the year ago figure of $171 million. Meanwhile, 2012 sales totaled $766 million, up $210 million…

Details

TIO Networks Partners First Data, Expands Services

TIO Networks bill payment processor expanded its services to First Data’s Money Network Prepaid Service to include bill payment as well as the purchase of prepaid telecommunication services. TIO’s platform enables Money Network prepaid account holders to pay their bills online as well as purchase minutes for their prepaid mobile phones. Money Network account holders are able to manage their bills online in one convenient place, viewing their payment history, making one-time payment or scheduling reoccurring payments for thousands of billers.

Details

Discover Launches New Direct Banking Solution

Discover Financial Services launched its Discover “Cashback Checking” direct banking product. Featuring credit cards, home loans, student loans, personal loans, CDs, money market accounts and savings accounts, “Cashback Checking” accounts pay customers 10 cents for every debit card purchase, Online Bill Payment and check they write, automatically added to the account holder’s Discover card Cashback Bonus balance. With no monthly fees, no minimum balances, free checks and replacement cards; an app that lets customers easily bank on the go with mobile check deposit, mobile bill pay and an ATM locator; and $0 fraud liability for unauthorized transactions and bill pay protection, a full suite deployment is projected for 2014.

Details

NCR Deploys POS Solution with Modell\’s

NCR Corporation is set to provide retail technology and services to the 154-store Modell’s Sporting Goods chain by 2Q/13. Modell’s will deploy 1,000 “RealPOS 82XRT” POS terminals and implement NCR services and support over a multi-year period, NCR’s first engagement with the Company. Selected to support Modell’s chain-wide strategy to enhance customer service and loyalty by offering a faster check-out experience along with content and offers at the POS, “RealPOS” terminals support high definition video and graphics on customer-facing displays, increasing the effectiveness of all loyalty program promotions and offers.

Details

Equens Processes 1B SEPA Transaction

Equens processed its billionth Sepa transaction last week since the launch of the Sepa Credit Transfer (SCT) scheme in January 2008 and the introduction of Sepa Direct Debit (SDD) in November 2009. Equens’ systems has taken five years to reach the mark of 1 billion SEPA transactions, as many market participants have not yet prepared themselves for the SEPA migration. This despite the fact that the vast majority of the European payments market still needs to actually migrate. In 2012 SEPA payments accounted for only 4.3% (446 million out of 10.4 billion) of all payments processed by Equens. Equens processes SEPA transactions for banks and between clearing & settlement parties from sixteen countries, with Belgium, Finland and Germany delivering the highest volumes.

Details

Co-operative Extends Contactless Payment Offering

The Co-operative Group is extending its contactless payment technology to almost 2,000 food stores, which allow customers to pay for goods worth GBP20 or less with a simple tap, will go live in 1,800 food stores nationwide. The Group installed contactless payment terminals in almost 170 food stores within the M25 and in Manchester city centre in time for last year’s Olympics, and has already got contactless payment facilities across its Pharmacy branch network. The Co-operative Bank has also commenced its roll-out of contactless debit and credit cards with around 700,000 cards issued to date. Contactless payment technology currently allows customers to make purchases without the need to enter a PIN number or insert their card into a payment terminal, which speeds up the paying process.

Details

Cardholders Continue to Pay Down Credit

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fitch’s January Monthly Payment Rate(MPR) Index continues to sit above the 20% mark, currently recorded at 21.52%. Up 5.42% since the year ago period, MPR has consistently remained well above the historical average of 16.55% since 2009. MPR, which measures how quickly cardholders are paying down outstanding balances, is typically stronger…

Details