Payments News - from Glenbrook Partners http://www.paymentsnews.com/ Payments News ISSN 1556-4487. Compilation Copyright © Glenbrook Partners LLC, 2002-2012. All Rights Reserved. en-US Thu, 09 Feb 2012 13:24:18 -0800 http://www.typepad.com/ 37.451688-122.183854Subscribe with My Yahoo!Subscribe with GoogleWe're pleased to provide you with full content RSS feeds! Payments News ISSN 1556-4487. Compilation Copyright © Glenbrook Partners LLC, 2002-2010. All Rights Reserved. UChoose Rewards from Fiserv Offers New In-Store Pick-Up Redemption Options http://feedproxy.google.com/~r/PaymentsNews/~3/0TWaQJCqtms/uchoose-rewards-from-fiserv-offers-new-in-store-pick-up-redemption-options.html http://www.paymentsnews.com/2012/02/uchoose-rewards-from-fiserv-offers-new-in-store-pick-up-redemption-options.html Fiserv has announced new redemption options for its award-winning UChoose Rewards program. "UChoose Rewards supports both consumer and small business market segments for both debit and credit card programs. It is an innovative program that allows financial institutions to select from merchant-funded, issuer-funded or a blended rewards programs." Fiserv has announced new redemption options for its award-winning UChoose Rewards program. "UChoose Rewards supports both consumer and small business market segments for both debit and credit card programs. It is an innovative program that allows financial institutions to select from merchant-funded, issuer-funded or a blended rewards programs."
]]> Fiserv Payments News Editor Thu, 09 Feb 2012 13:24:18 -0800 http://www.paymentsnews.com/2012/02/uchoose-rewards-from-fiserv-offers-new-in-store-pick-up-redemption-options.html Visa Introduces Suite of Mobile Services for U.S. Financial Institutions http://feedproxy.google.com/~r/PaymentsNews/~3/SMwapRCCHVw/visa-introduces-suite-of-mobile-services-for-us-financial-institutions.html http://www.paymentsnews.com/2012/02/visa-introduces-suite-of-mobile-services-for-us-financial-institutions.html Visa announced that it has extended its issuer processing platform, Visa DPS, to offer mobile services that are fully managed by Visa and can be accessed with any mobile device, any mobile channel, and with any eligible debit, credit or prepaid account. “The services offered by Visa DPS are a one-stop solution for Visa clients who want to serve their customers through the mobile channel without making significant investments in hardware, software or mobile expertise,” said John Partridge, President, Visa Inc. “Through our ongoing investments in Visa DPS, our clients can not only take advantage of Visa’s scale and expertise... Visa announced that it has extended its issuer processing platform, Visa DPS, to offer mobile services that are fully managed by Visa and can be accessed with any mobile device, any mobile channel, and with any eligible debit, credit or prepaid account.
“The services offered by Visa DPS are a one-stop solution for Visa clients who want to serve their customers through the mobile channel without making significant investments in hardware, software or mobile expertise,” said John Partridge, President, Visa Inc. “Through our ongoing investments in Visa DPS, our clients can not only take advantage of Visa’s scale and expertise in payments processing, but also have the opportunity to easily implement Visa’s extensive roadmap of mobile innovations – from mobile banking, to NFC payments, and to our digital wallet, V.me.”
]]> Mobile Banking Mobile Payments Visa Payments News Editor Thu, 09 Feb 2012 13:18:41 -0800 http://www.paymentsnews.com/2012/02/visa-introduces-suite-of-mobile-services-for-us-financial-institutions.html Gemalto Offers U.S. Banks Seamless EMV Issuance Services http://feedproxy.google.com/~r/PaymentsNews/~3/zIkkF93WF8Q/gemalto-offers-us-banks-seamless-emv-issuance-services.html http://www.paymentsnews.com/2012/02/gemalto-offers-us-banks-seamless-emv-issuance-services.html Gemalto has announced its in-branch Dexxis EMV instant issuance card solution for U.S. banks, designed to "streamline and accelerate EMV migration. Dexxis instant issuance allows banks to immediately issue and activate initial and replacement cards directly at the physical bank branch location, rather than sending personalized cards to end users via postal mail." Gemalto has announced its in-branch Dexxis EMV instant issuance card solution for U.S. banks, designed to "streamline and accelerate EMV migration. Dexxis instant issuance allows banks to immediately issue and activate initial and replacement cards directly at the physical bank branch location, rather than sending personalized cards to end users via postal mail."
]]> EMV Gemalto Payments News Editor Thu, 09 Feb 2012 13:11:43 -0800 http://www.paymentsnews.com/2012/02/gemalto-offers-us-banks-seamless-emv-issuance-services.html MasterCard Partners with Silver Tail Systems to Combat Online Fraud http://feedproxy.google.com/~r/PaymentsNews/~3/ITatubJYP74/mastercard-partners-with-silver-tail-systems-to-combat-online-fraud.html http://www.paymentsnews.com/2012/02/mastercard-partners-with-silver-tail-systems-to-combat-online-fraud.html MasterCard Worldwide and Silver Tail Systems announced a new exclusive relationship that will focus on combating online fraud. “Online fraud resulting from malware, viruses and criminal-controlled bots is a serious concern for both merchants and consumers,” says Johan Gerber, Group Head, Global Network Products for MasterCard Worldwide. “With the increased sophistication of these fraud attacks, merchants are finding it more difficult to distinguish between good customers and criminals. Our relationship with Silver Tail Systems allows us to extend beyond the traditional fraud detection methods and provide merchants with a strong defense against fraud, while improving the consumers’ online experience.” MasterCard Worldwide and Silver Tail Systems announced a new exclusive relationship that will focus on combating online fraud.
“Online fraud resulting from malware, viruses and criminal-controlled bots is a serious concern for both merchants and consumers,” says Johan Gerber, Group Head, Global Network Products for MasterCard Worldwide. “With the increased sophistication of these fraud attacks, merchants are finding it more difficult to distinguish between good customers and criminals. Our relationship with Silver Tail Systems allows us to extend beyond the traditional fraud detection methods and provide merchants with a strong defense against fraud, while improving the consumers’ online experience.”
]]> MasterCard RocketBux Payments News Editor Thu, 09 Feb 2012 13:09:14 -0800 http://www.paymentsnews.com/2012/02/mastercard-partners-with-silver-tail-systems-to-combat-online-fraud.html Headline News - February 12, 2012 http://feedproxy.google.com/~r/PaymentsNews/~3/jsl2ym_AFwg/headline-news-february-12-2012.html http://www.paymentsnews.com/2012/02/headline-news-february-12-2012.html On the web: Girl Scouts Adds Mobile Payments to Drive Cookie Sales - Mobile Commerce Daily Here’s How PayPal Is Pitching Mobile Payments to Major Retailers (Slideshow) - AllThingsD On the wires: Plastic Jungle and InComm Announce Strategic Gift Card Partnership Ceridian Introduces Virtual Terminal Enabling Web-based Transactions Heartland Handles Nearly 44,000 Card Transactions as Official Concessions Processor of Super Bowl XLVI Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

On the web:

On the wires:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.
]]> Heartland Payment Systems InComm Mobile Payments Payments News - Headline News PayPal Plastic Jungle Payments News Editor Thu, 09 Feb 2012 10:39:05 -0800 http://www.paymentsnews.com/2012/02/headline-news-february-12-2012.html Mozido Launches Genius Wallet for Mobile Payments http://feedproxy.google.com/~r/PaymentsNews/~3/-YrmRTpsJ00/mozido-launches-genius-wallet-for-mobile-payments.html http://www.paymentsnews.com/2012/02/mozido-launches-genius-wallet-for-mobile-payments.html Mozido announced the launch of the 'Genius Wallet', a global mobile wallet platform for the unbanked and banked. "Our Genius Wallet(SM) brings every mobile phone user, including the unbanked, into a secure, convenient, and efficient financial ecosystem," says Greg Corona, CEO, Mozido LLC "It offers opportunity and hope for a huge population worldwide, empowering them to enjoy a broad range of banking and financial services often for the first time, using their mobile phone." In December, Mozido and MoneyGram struck a partnership to include MoneyGram remittance transfer services for approved Mozido mobile wallet applications. Mozido announced the launch of the 'Genius Wallet', a global mobile wallet platform for the unbanked and banked.
"Our Genius Wallet(SM) brings every mobile phone user, including the unbanked, into a secure, convenient, and efficient financial ecosystem," says Greg Corona, CEO, Mozido LLC "It offers opportunity and hope for a huge population worldwide, empowering them to enjoy a broad range of banking and financial services often for the first time, using their mobile phone."

In December, Mozido and MoneyGram struck a partnership to include MoneyGram remittance transfer services for approved Mozido mobile wallet applications.

]]> Mobile Banking Mobile Payments MoneyGram Payments News Editor Tue, 07 Feb 2012 21:00:22 -0800 http://www.paymentsnews.com/2012/02/mozido-launches-genius-wallet-for-mobile-payments.html Federal Reserve Reports Consumer Credit for December 2011 http://feedproxy.google.com/~r/PaymentsNews/~3/6fQV--RjB9Y/federal-reserve-reports-consumer-credit-for-december-2011.html http://www.paymentsnews.com/2012/02/federal-reserve-reports-consumer-credit-for-december-2011.html The US Federal Reserve has reported its latest G.19 Consumer Credit statistics - finding that "consumer credit increased at an annual rate of 7.5% in the fourth quarter. Revolving credit increased at an annual rate of 4.5%, and nonrevolving credit increased 9.0%. In December, consumer credit increased at an annual rate of 9.25%." The US Federal Reserve has reported its latest G.19 Consumer Credit statistics - finding that "consumer credit increased at an annual rate of 7.5% in the fourth quarter. Revolving credit increased at an annual rate of 4.5%, and nonrevolving credit increased 9.0%. In December, consumer credit increased at an annual rate of 9.25%."
]]> Financial Regulators Payments News Editor Tue, 07 Feb 2012 20:45:28 -0800 http://www.paymentsnews.com/2012/02/federal-reserve-reports-consumer-credit-for-december-2011.html Headline News - February 7, 2012 http://feedproxy.google.com/~r/PaymentsNews/~3/hlXZSnLJMWY/headline-news-february-7-2012.html http://www.paymentsnews.com/2012/02/headline-news-february-7-2012.html On the web: BC Global Looms as Alternative to Visa For Korean Buyers - Korea Times Dwolla Raises $5m Series B Round led by Union Square Ventures (Video) - Silicon Prairie News Accel, SV Angel, Y Combinator Put $1.5M In Online Bank Payments Platform GoCardless - TechCrunch On the wires: Text2Pay Mobile Payments Wizard - Easy as 1 2 3! mopay and paymentez Forge Strategic Mobile Payments Partnership The Perfect Pairing: Wine Enthusiast Uncorks eGift Card Program CoVantage Credit Union Deploys Tyfone Mobile Wallet Services to Its Members Transcepta Procure-to-Pay Network Selected to Simplify Accounts Payable for Manheim Note: Headline...

On the web:

On the wires:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.
]]> Korea Mobile Payments mopay Payments News - Headline News Payments News Editor Tue, 07 Feb 2012 20:36:36 -0800 http://www.paymentsnews.com/2012/02/headline-news-february-7-2012.html Fiserv Announces 2011 Metrics for ACCEL/Exchange http://feedproxy.google.com/~r/PaymentsNews/~3/0YQgzjx4VnI/fiserv-announces-2011-metrics-for-accelexchange.html http://www.paymentsnews.com/2012/02/fiserv-announces-2011-metrics-for-accelexchange.html Fiserv announced that its ACCEL/Exchange payments network had "another record-setting year, processing more than 1.5 billion transactions in 2011, an increase of nearly 29% over 2010. ACCEL/Exchange payments network from Fiserv is one of the fastest-growing payments networks in the industry, supplying the infrastructure for financial institutions to give cardholders around-the-clock access to their demand deposit account funds at ATMs and the point of sale." Fiserv announced that its ACCEL/Exchange payments network had "another record-setting year, processing more than 1.5 billion transactions in 2011, an increase of nearly 29% over 2010. ACCEL/Exchange payments network from Fiserv is one of the fastest-growing payments networks in the industry, supplying the infrastructure for financial institutions to give cardholders around-the-clock access to their demand deposit account funds at ATMs and the point of sale."
]]> ATM Fiserv Payments News Editor Mon, 06 Feb 2012 10:55:29 -0800 http://www.paymentsnews.com/2012/02/fiserv-announces-2011-metrics-for-accelexchange.html Strong 2011 Finish for MasterCard in the Asia/Pacific, Middle East & Africa http://feedproxy.google.com/~r/PaymentsNews/~3/Cz6psrCwfcc/strong-2011-finish-for-mastercard-in-the-asiapacific-middle-east-africa.html http://www.paymentsnews.com/2012/02/strong-2011-finish-for-mastercard-in-the-asiapacific-middle-east-africa.html MasterCard announced fourth quarter and full-year results for the Asia/Pacific, Middle East & Africa (APMEA) region. "For the quarter ending 31 December 2011, the region drove strong growth in gross dollar volume (21.8%), purchase volume (23.5%), purchase transactions (18.2%), cash transactions (18.4%) and cards issued (12.3%), versus the same period in 2010." MasterCard announced fourth quarter and full-year results for the Asia/Pacific, Middle East & Africa (APMEA) region. "For the quarter ending 31 December 2011, the region drove strong growth in gross dollar volume (21.8%), purchase volume (23.5%), purchase transactions (18.2%), cash transactions (18.4%) and cards issued (12.3%), versus the same period in 2010."
]]> MasterCard Payments News Editor Mon, 06 Feb 2012 10:13:58 -0800 http://www.paymentsnews.com/2012/02/strong-2011-finish-for-mastercard-in-the-asiapacific-middle-east-africa.html Visa Tops One Million Chip Cards in the U.S. http://feedproxy.google.com/~r/PaymentsNews/~3/ZH8i0fhESu0/visa-tops-one-million-chip-cards-in-the-us.html http://www.paymentsnews.com/2012/02/visa-tops-one-million-chip-cards-in-the-us.html Visa announced that U.S. financial institutions have reported issuing an estimated one million Visa-branded, EMV chip-enabled cards as of December 31, 2011. "Migrating the U.S. market to chip will help build an infrastructure for accepting NFC mobile payments, enhance international acceptance and reduce fraud," said Stephanie Ericksen, head of authentication product integration, Visa Inc. "Since announcing our roadmap last year, we have seen strong interest among U.S. issuers large and small to invest in chip technology, as today's milestone shows. The progress is all the more significant considering that just 18 months ago, there were no Visa-branded EMV contact chip... Visa announced that U.S. financial institutions have reported issuing an estimated one million Visa-branded, EMV chip-enabled cards as of December 31, 2011.
"Migrating the U.S. market to chip will help build an infrastructure for accepting NFC mobile payments, enhance international acceptance and reduce fraud," said Stephanie Ericksen, head of authentication product integration, Visa Inc. "Since announcing our roadmap last year, we have seen strong interest among U.S. issuers large and small to invest in chip technology, as today's milestone shows. The progress is all the more significant considering that just 18 months ago, there were no Visa-branded EMV contact chip cards issued in the U.S."

Visa also introduced "Visa Chip Services, a suite of new and existing solutions to help issuers implement programs using EMV chip technology, including NFC-based mobile payments."

]]> EMV Visa Payments News Editor Mon, 06 Feb 2012 09:49:28 -0800 http://www.paymentsnews.com/2012/02/visa-tops-one-million-chip-cards-in-the-us.html Headline News - February 6, 2012 http://feedproxy.google.com/~r/PaymentsNews/~3/ijKrrUdHgnI/headline-news-february-6-2012.html http://www.paymentsnews.com/2012/02/headline-news-february-6-2012.html On the web: To Sign Merchants, Square Heads to Campus To Recruit a Sales Force - Digital Transactions PayPal Says It's Business as Usual a Month After President Resigns - AllThingsD Self-Checkout Footprints Get Smaller For Retail - Point of Sale News Citigroup Gets Approval to Issue China Credit Cards - WSJ.com On the wires: Datacard Group Announces an Equity Investment and Strategic Partnership with DeviceFidelity INSIDE Secure Chosen by Leading Smartphone Manufacturer Navigant Credit Union Selects Acumen from Fiserv Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

On the web:

On the wires:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.
]]> China Citi Cards DeviceFidelity Mobile Payments Near Field Communication (NFC) Payments News - Headline News PayPal Square Payments News Editor Mon, 06 Feb 2012 09:33:29 -0800 http://www.paymentsnews.com/2012/02/headline-news-february-6-2012.html Payments Views - “Over the Top” with Mobile Payments http://feedproxy.google.com/~r/PaymentsNews/~3/cURTGLpDUM0/payments-views-over-the-top-with-mobile-payments.html http://www.paymentsnews.com/2012/02/payments-views-over-the-top-with-mobile-payments.html Over on Payments Views, Glenbrook's Scott Loftesness blogs about the new FIS approach to mobile payments: With much of the card payments industry zigging toward an NFC-based solution securing payment card credentials on mobile handsets, FIS is zagging in a different direction with this new solution – one that doesn’t need to wait for NFC and Secure Element (SE) chips to be embedded in mobile phones. FIS is the world’s largest global provider of banking and payments technologies, serving 14,000 financial institutions in over 100 countries. Over on Payments Views, Glenbrook's Scott Loftesness blogs about the new FIS approach to mobile payments:
With much of the card payments industry zigging toward an NFC-based solution securing payment card credentials on mobile handsets, FIS is zagging in a different direction with this new solution – one that doesn’t need to wait for NFC and Secure Element (SE) chips to be embedded in mobile phones.

FIS is the world’s largest global provider of banking and payments technologies, serving 14,000 financial institutions in over 100 countries.

]]> Fidelity National Glenbrook Mobile Payments Payments News Editor Thu, 02 Feb 2012 22:03:25 -0800 http://www.paymentsnews.com/2012/02/payments-views-over-the-top-with-mobile-payments.html