Visa Europe backs Mobile Money Network

The Mobile Money Network Ltd announces that Visa Europe intends to take a 15% stake in its business, which provides mobile commerce and payments services for retailers. The investment forms part of Visa Europe’s strategy to deliver increased value for consumers, retailers and financial institutions through mobile payments. Visa Europe and MMN will implement a number of m-commerce initiatives in the UK in 2012, taking MMN’s bank-grade, interoperable infrastructure for secure, fast and simple mobile shopping to the mass market. MMN’s instant mobile checkout, Simply Tap, allows customers to easily identify and purchase a product on their mobile. Simply Tap can be used wherever a shopper sees a product they want – in print, on outdoor advertising, in-store or online – allowing the user to make an easy, secure purchase, with products delivered directly to his or her home address.

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MoneyGram and India Post Expand Remittance Availability

MoneyGram International global money transfer company and India Post postal network expended on existing agreements to offer money transfer services through India Post outlets from an initial 100 locations to more than 650 locations. India Post and MoneyGram have planned joint marketing initiatives in several Indian states to support the expansion of the service. MoneyGram’s service is planned to expand to 5,000 India Post locations by 2014. The joint relationship and networks are expected to increase transactions from key remitter countries, including the United States, United Arab Emirates, the United Kingdom, Canada, Australia, and Saudi Arabia. MoneyGram also offers services through postal systems in Canada, Jamaica, Kazakhstan, Kenya, Italy, Poland, Ukraine, Moldova, and the United Kingdom.

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Discover & National Payment Forge Strategic Alliance

Discover Financial Services (DFS) and National Payments Corporation of India (NPCI) have entered a strategic alliance resulting to accept Discover cards and Diners Club International (DCI) cards at NPCI ATMs and POS terminals. It also will allow RuPay national card payment network cardholders to use the Discover, Diners Club International and PULSE networks for international purchases and cash access. POS and ATM transactions by RuPay network cardholders within India will be processed on the RuPay network. Outside of India, RuPay Global Card transactions will be processed on the Discover, Diners Club and PULSE ATM networks. The long-term agreement will result in increased transaction volume on NPCI’s ATM and on their soon-to-be implemented POS network in India, as well as increased transaction volume on the Discover, Diners Club and PULSE networks.

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Cashzone installs ATMs at Santander branches

Cashzone, the UK’s fastest growing independent ATM provider, has installed 24-hour ATMs at four new Santander branches in St Helens, Merseyside. Following the closure of Lloyd’s Halifax branches in Thatto Heath, Fingerpost, Rainford and Billinge – including the removal of all the cash machines, Cashzone was selected by Alexander House Agencies Ltd to provide crucial…

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First Data joins GlobalPlatform

GlobalPlatform, the organization which standardizes the management of applications related to secure chip technology, has announced its newest Observer Member, First Data Corporation, a global leader in electronic commerce and payment processing. 233 views 0 comments First Data’s participation in GlobalPlatform activities will enable it to contribute to the association’s market-specific task forces, where First…

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Barclaycard US Introduces Online Crowdsourced Credit Card

Barclaycard US launched its “Barclaycard Ring” MasterCard card social credit card to be designed and built through the power of community crowdsourcing. The new card offers a low interest rate, low fees, simple terms and the opportunity for cardmembers to shape and share in the product’s financial success. The “Barclaycard Ring” MasterCard social credit card is designed and built through the power of community crowdsourcing. The Barclaycard Ring MasterCard card will have one, low interest rate of 8 percent for all balances, no balance transfer fee, no annual fees and simple, easy-to-understand terms. Through a virtual cardmember community, cardmembers will have visibility into the card’s financial profit and loss statements.

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Virtual Piggy Appoints Cultural Advisor to Board

Virtual Piggy online youth purchasing appointed Martha McGeary Snider as Chair of the Board of Advisors and a member of the Board of Directors. She will actively recruit industry and policy experts to the Advisory Board. Additionally she will assist Virtual Piggy CEO Dr. Jo Webber with strategic marketing. She also served as Advisor on Arts and Culture to the Commonwealth of Pennsylvania from 2002 to 2010 and raised over $100 million dollars in public and private funding in a volunteer capacity. In 2008, President George W. Bush presented her with The Presidents Volunteer Service Award.

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VeriFone to Enable Isis POS NFC mCommerce

VeriFone Systems announced an agreement with Isis, the joint venture between AT&T Mobility, T-Mobile USA and Verizon Wireless, to integrate the Isis Mobile Commerce Application in current and future NFC-enabled product lines. The companies have also agreed that their sales, marketing and implementation teams will collaborate to target large retail and petroleum/convenience merchants in previously announced Isis launch markets of Salt Lake City and Austin. VeriFone’s leading market share of U.S. retailers, NFC-ready product portfolio and “payment-as-a-service” delivery model will help accelerate the wide scale introduction and the adoption of mobile commerce.

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Digimarc Adds Barcode Reading to Digimarc Discover mPlatform

Digimarc Corporation further enhanced its Digimarc Discover mobile “seeing/hearing” application to include support for reading of barcodes used in consumer packaging (UPC and EAN) and books (ISBN). The latest version of the platform’s free downloadable mobile application demonstrates the company’s ongoing progress to enable smartphones to efficiently and reliably “see and hear” through the use of multiple content identification technologies. The Digimarc Discover mobile application allows consumers to automatically access online content and services from printed materials and music through simple selection of “look” or “listen” options within the application.

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Core Innovation Capital Launches Underbanked Innovators Challenge

Core Innovation Capital (Core) announced the launch of the second annual “Core Underbanked Innovators Challenge,” seeking nominations for the best new product or service for the financial underserved in America. The four best nominations will be invited to demonstrate their products and answer audience questions on the main stage at the Center for Financial Services Innovation’s (CFSI) 7th Annual Underbanked Financial Services Forum on June 15th, 2012, in San Francisco, CA. Core’s Managing Partners Arjan Schütte and Mike Harris will moderate and provide perspectives on underbanked innovation trends. The Underbanked Financial Services Forum is the nation’s premier event on the underbanked, drawing executives and entrepreneurs from across the financial services landscape.

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