KAIKU Visa Prepaid Card Winner in Paybefore Awards

Paybefore has chosen the KAIKU Visa Prepaid Card as a 2013 Paybefore Awards winner in both the Best General Purpose Reloadable Card Program – US Solutions and Outstanding Newcomer categories. Paybefore Awards, now in its seventh year, are presented annually by Paybefore, whose publications are the leading source of industry information for alternative payments executives. Kaiku Finance launched the KAIKU Visa Prepaid Card in July 2012 as a next-generation prepaid product empowering consumers to more effectively manage their money with an unparalleled combination of affordability, style, transparency, access, convenience, and mobility. The KAIKU Card’s sleek design and low monthly fee of $1.95 positions itself as a lifestyle choice for today’s increasingly mobile and cashless society.

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Thales, Miura Partner on Affordable mPayments

Thales communications security and Miura Systems partner-launched an integrated m-payment solution for merchants to adopt mobile POS systems that fully support PIN based transactions and EMV chip cards. Smaller merchants can now take advantage of the inherent security qualities of these technologies to reduce fraud and simplify compliance, they also qualify for reduced interchange fees which directly benefits their bottom line. PIN based transactions and EMV cards requires a level of security that has (largely) prevented their use in the context of mobile payments since smartphones cannot be certified to the appropriate standards (PCI PTS). Any payment system relies on end-to-end protection of the transaction from the customer terminal right through to the payment processing infrastructure. Thales has worked with Miura to protect that back-end infrastructure via interoperability with the Thales payShield 9000 hardware security module (HSM).

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2Checkout Launches iPad Mobile App

2Checkout online payment processor partnered Inexika app developers to launch its “2Checkout Mobile” mobile app for the iPad. The “2Checkout Mobile” app for the iPad has been designed for their seller clients. It provides more interactive visual graphics and more functionality, furnishing interactive sales and payments dashboards, send customer invoices, and add or edit products from anywhere.

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Nationwide Deploys Visa Digital Wallet

Nationwide Building Society is preparing to offer the V.me by Visa digital wallet in 2013 allowing customers to pay for their purchases online. An initial trial for the V.me by Visa service is currently underway with UK launch partner RBS. Banks representing 80% of all consumers are already committed, while by 2020, Visa Europe believes that one-third of all European consumers will be using V.me by Visa. V.me by Visa allows consumers to make easy online payments through the internet browser on a PC, laptop, tablet, or smart phone. The streamlined online experience is designed to reduce the number of consumer’s abandoning purchases at checkout.

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Global Money Payment Integrates OpenWay

Integration of the “Global Money” Ukrainian payment system with “WAY4” payment processing system, developed by OpenWay, allows banks to connect up to 400 types of paid services and develop alternative channels for interacting with clients. The synergy between Global Money and WAY4 system makes the process of starting joint projects with banks significantly easier. Many financial institutions already work on OpenWay’s card processing, allowing the elimination of expenses for reworking the system, while the Global Money payment system has direct contracts with companies to which payments are made. Currently, 24 service providers are available Oschadbank ATM menus.

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TSYS Execs to Speak at FinovateEurope

TSYS announced that two of its executives will partake in FinovateEurope, showcasing financial and banking technology innovations. They include Chris Colson, director of Innovation, TSYS, and Simon Taylor, European Innovation Lead, TSYS International. Colson and Taylor are to lead a demonstration on TSYS “Spend Controls,” which allows businesses to implement transaction controls to ensure cardholder compliance with purchasing guidelines. It ultimately addresses market-driven needs, offering flexible, innovative products for businesses and corporations.

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Jack Henry Teams TransCard to Tap Underbanked

Jack Henry & Associates (JKHY) technology solutions and payment processing services introduced prepaid cards. TransCard will provide operational support and customizable marketing materials for the solution.The company’s Jack Henry Banking, ProfitStars, and Symitar®divisions will sell the solution that enables financial institutions to offer payroll cards, reloadable prepaid cards, and gift cards that generate additional revenue from commercial and retail customers, while attracting new customers from the underbanked and unbanked market segments.

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Virtual Piggy Partners Ty.Com

Virtual Piggy youth payments added its youth-friendly payment system to Ty’s ecommerce website. Letting parents to set up a monthly allowance for their children, Virtual Piggy promotes financial management while empowering youth under 18 to make purchasing, saving and other money management decisions. Ty is best known for Beanie Babies®, an immensely popular line of plush toys that started in 1993.

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MoneyGram Launches mRemittance Solution

MoneyGram global money transfer announced users of iPhone, Android or Windows 8 mobile devices in the U.S. can now use moneygram.com to send money, find MoneyGram locations, estimate money transfer fees and view recent account activity. This allows the company to tap the $50 billion cross-border U.S. remittance market. MoneyGram offers money transfer services worldwide through a global network of more than 310,000 agent locations in 197 countries.

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Fiserv Inks Expanded Partnership Agreement

Fiserv financial services technology solutions announced that United Community Banks has extended and expanded its partnership, and will continue to operate on the Premier bank platform. In addition to new deployments of card services solutions from Fiserv, United Community Banks will implement a host of additional Fiserv solutions, selected for its innovation, integration and scalability. United currently utilizes “Business Process Manager” for new account and process management, “CheckFree RXP” for bill payment, “Popmoney” for person-to-person payments and “Merchant Source Capture” for remote check deposits, along with several other Fiserv solutions.

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FIS Launches P2P Payments Solution

FIS’ “People Pay” solution, offering real-time P2P payments through its own “PayNet” real-time payments network, is now available through a single platform provided by their financial institution. It allows banks to offer a trusted payment services to their customers and drive increased P2P adoption. Beyond traditional P2P models, the next horizon for today’s digitally demanding, fast-moving consumer is paying any person, company or institution in real time – quickly, easily and securely. Users can now send payments directly to a recipient’s e-mail address or mobile phone number while utilizing the institution’s secure online banking Web site. The standalone P2P solution will also be integrated with FIS channel products and core solutions.

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Virtual Piggy Partners for Expansion

Virtual Piggy youth payments partnered to provide its youth-friendly payment system to Digital Stores. Allowing parents to set up a monthly allowance for their children, Virtual Piggy promotes financial management while empowering youth under 21 to make purchasing, saving and other money management decisions for themselves, within the boundaries setup by parents. Digital Stores provides eCommerce services for EMI and Universal Music Group and are direct-to-fan ecommerce site for artists, labels and brands.

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