InComm Nabs Adility to Bridge Mobile, In-Store (Dec. 11, 2012)

Dec. 11, 2012 Prepaid services provider InComm has reached a deal to acquire a majority stake in Adility Inc., a platform for “online-to-offline” commerce, which InComm will integrate into its existing in-store POS infrastructure in a bid to help retailers generate retail sales using virtual prepaid cards and coupons. Adility enables retailers and brands to […]

First Data: November, Black Friday Spending Weaker than Last Year (Dec. 11, 2012)

Dec. 11, 2012 Dollar volume growth for November was solid but came in lower than last month and the year-ago period, according to the latest SpendTrend data released by First Data Corp., an Atlanta-based payments processor. November dollar volume growth was 5.8 percent, down from 6.7 percent in October and down from 7.3 percent in […]

Bango Stretches to Australia with Google Play Deal (Dec. 11, 2012)

Dec. 11, 2012 Mobile payments specialist Bango Inc. is expanding its reach again, this time to Australia where local mobile network operator Telstra has added the capability for its subscribers to make one-click purchases of digital goods through Google Play. U.K.-based Bango, which began providing payment services to Facebook earlier this year, recently integrated a […]

Startup Combines Mobile Shopping, Loyalty, Gifting in One App (Dec. 11, 2012)

Dec. 11, 2012 A new startup aims to combine shopping, loyalty and gifting to provide what it calls “the most relevant offers to consumers and the most targeted customers to merchants.” Philadelphia-based Clutch last week launched its free iOS app, which enables users to manage gift and loyalty cards, daily deals, coupons, social gifting and […]

FOA appoints new head of regulation

The Futures and Options Association has appointed former Financial Services Authority policy leader Natasha Stromberg as head of regulation, with core responsibility for working groups on energy, power, emissions, metals and other commodities-related areas.

Jefferies adopts TwoFour Systems cash management tools

Global investment bank Jefferies has chosen a cash management solution from software firm TwoFour Systems for its UK and US-based Jefferies Bache Treasury business, to help it keep better track of its business processes.

Apple Piles Up Patents as ‘Defensive’ Strategy, Analysts Suggest (Dec. 10, 2012)

Dec. 10, 2012 Apple Inc.’s Passbook mobile wallet app gradually is gaining momentum with merchants and card issuers integrating with the mobile wallet app. And while Apple continues to remain mum about plans to add NFC to its handsets, where Apple is going with its proliferating number of other payments-related patents is anyone’s guess. Apple […]

FIS Unveils $1 Fee ATM Program (Dec. 10, 2012)

Dec. 10, 2012 Banking and payments technology provider FIS has unveiled a new program the company says will save ATM users from high convenience fees, while increasing traffic and earnings for ATM owners. FIS’s new DOLLAR$TOP limited surcharge program enables consumers to access ATMs across the U.S. with a guaranteed $1 convenience fee limit. Available […]

Optimal Continues Prepaid Push with MasterCard Pact in Europe (Dec. 10, 2012)

Dec. 10, 2012 Just months after becoming an issuer of prepaid cards, global online payments provider Optimal Payments has taken another step into the prepaid arena, inking a deal with MasterCard International Inc. in a bid to expand the company’s presence in the European prepaid market. The collaboration will be based around Optimal’s Net+ MasterCard […]

Square Inc. Adds Smartphone Gift Cards to Wallet (Dec. 10, 2012)

Dec. 10, 2012 Small merchants that accept Square Wallet are hoping to get a holiday sales boost from Square Inc.’s introduction this week of digital gift cards. San Mateo-based Square’s latest offering enables smartphone users to purchase a gift card from 250,000 merchants participating in Square Wallet, and pay using any card. Consumers buying Square […]

Asperity Selects Giftango Platform for U.S. Rewards Programs (Dec. 10, 2012)

Dec. 10, 2012 Asperity Employee Benefits, a U.K.-based employee benefits provider, has chosen Giftango Corp. to manage and fulfill e-gift cards for Asperity’s recently launched rewards program in the United States. The partnership enables Asperity and its Web-based benefits platform to provide customers with a wider selection and instant delivery of e-gift cards through the […]

Cardfree’s Mobile Vets Launch Mobile Merchant Platform (Dec. 10, 2012)

Dec. 10, 2012 San Francisco-based startup Cardfree has launched a white-label mobile platform providing merchants with the ability to implement personalized offers and promotions, mobile payments, loyalty programs, social media engagement and data analytics, among other capabilities designed to drive incremental visits, larger ticket size and greater consumer engagement. The goal of Cardfree is to […]

Banking Technology Awards 2012 – The Winners

At a gala event in London this week, industry luminaries gathered for an evening of entertainment and excitement as the winners of the 2012 Banking Technology Awards and Readers’ Choice Awards were announced. Comedian Simon Evans (left) kept the audience on the edge of their seats with an acerbic and hilarious routine before being joined on stage […]

ECB tweaks T2S migration schedule

Despite delays and arguments over migration, the European Central Bank’s T2S project to improve Europe’s post-trade infrastructure is now back on track, according to senior industry participants.

Elizabeth Warren to Join Senate Banking Committee (Dec. 6, 2012)

Dec. 6, 2012 Fresh off her election to the U.S. Senate, Elizabeth Warren (D-Mass.) is set to join the Senate Banking Committee when the new Congress convenes in January, according to reports citing congressional aides. By joining the committee, Warren, known as a strong advocate for regulation of Wall Street, would gain significant power to […]

InComm Eliminates Fees on Vanilla Prepaid Cards in Canada (Dec. 6, 2012)

Dec. 6, 2012 InComm this week said it’s removing fees from its Vanilla-branded Visa and MasterCard prepaid cards in Canada as part of an initiative begun earlier this year, aligning the fee structure with competing brands’ prepaid cards. The new program eliminates monthly maintenance fees and fees to replace cards, effective July 1, 2012, InComm […]

ICICI Bank, Social Money Develop Savings Feature for Indian Market (Dec. 6, 2012)

Dec. 6, 2012 ICICI Bank Ltd., India’s largest private commercial financial institution, has launched iWish, a flexible recurring deposit feature for its savings account customers, enabling them to choose how much and how often to save to meet their goals. Customers can choose to post their savings goals to Facebook, and iWish enables friends and […]

AccountNow Wraps up nFinanSe Acquisition (Dec. 6, 2012)

Dec. 6, 2012 Prepaid card company AccountNow has finalized its previously announced purchase of nFinanSe Inc., a Tampa, Fla.-based provider of prepaid cards distributed via retail stores. The move gives San Ramon, Calif.-based AccountNow, which distributes its GPR cards online, a strong presence in the in-store distribution channel. “[nFinanSe’s] capabilities in retail distribution are highly […]

Prepaid Heating up in Markets across Africa (December 2012)

December 2012   By Adam Perrotta, Assistant Editor Prepaid providers are setting their sights on Africa, where large underbanked populations, emerging economies and advancing technology are combining to offer what many industry players see as a golden opportunity—and not just for outside companies looking to enter the market. African banks and other local firms also […]

Video banking 2.0 targets retail bank productivity

Once considered too difficult and unreliable to be viable, video banking can now help banks increase engagement with the retail customer while cutting costs, according to Gene Pranger, chief executive and founder at uGenius, a provider of personal transaction technologies.

SIX picks Clear2Pay for payment chargeback

SIX Payment Services has chosen Clear2Pay’s CBK solution to support its chargeback business and processes on a single platform. The CBK Chargeback system replaces two old systems and will evolve over time to encompass both acquiring and issuing chargebacks for credit and debit cards. The new system has so far been implemented in Switzerland and […]

Homage to Catalonia

Back in May, I chaired the 2012 Future of Mobile Banking conference held in London, writes Karl Rieder, delivery manager, GFT. At the event, I expressed my disappointment with the state of mobile banking (and with my own bank, in particular).

Mobile security: a moving target …

Mobile and NFC payment technologies have been on the rise in recent years. But with many merchants and retail outlets still reluctant to invest in the new technologies, and with the rise of fraud in existing solutions, industry participants are divided over how and whether the technology will ever gain widespread acceptance in developed markets.

Better ATM Services to Pilot Distribution of Discover Multibrand Gift Card (Dec. 4, 2012)

Dec. 4, 2012 Better ATM Services today announced what it describes as the first ATM-issued, multibrand prepaid card. The myGIFT One Card Many Choices Discover Prepaid Card enables consumers to shop and dine at nine national restaurants and retailers, including Express, Lowe’s, Outback Steakhouse and Macy’s, according to the Mesa, Ariz.-based ATM technology provider. As part […]

La Caixa Positioning Barcelona as Contactless Payment Hub (Dec. 4, 2012)

Dec. 4, 2012 Spain’s La Caixa bank this month begins an aggressive push to distribute contactless payment stickers to 200,000 of its customers in Barcelona, aiming to become a model city for mobile contactless payments by the end of February when Barcelona hosts the annual Mobile World Congress trade show. Though such NFC-based stickers lack […]

CVS/pharmacy Promotes Gift Card Exchange with Plastic Jungle (Dec. 4, 2012)

Dec. 4, 2012 In time for the holiday season, CVS/pharmacy stores are promoting a gift card exchange through a partnership with Plastic Jungle. CVS customers with a smartphone scan a QR code in the store that launches their mobile Web browsers and takes them to To exchange their cards, consumers enter the card number and […]

Nexon Expands Prepaid Gaming Card to Mexico (Dec. 4, 2012)

Dec. 4, 2012 Video game publisher Nexon America Inc. has expanded its Karma Koin prepaid card program to Mexico, where cards will be available at more than 1,300 7-Eleven and Best Buy stores. Originally launched as Nexon Game Cards in the U.S. and Canada in 2007, the cards expanded to Australia and New Zealand, and […]

Gemalto’s NFC SIM First to Earn Approval from Amex, MC, Visa (Dec. 4, 2012)

Dec. 4, 2012 Amsterdam-based digital payment security provider Gemalto has achieved a milestone in its UpTeq NFC payment system for mobile SIM cards, landing certifications from payment card networks American Express, MasterCard and Visa, making UpTeq the first SIM to earn certification from all three networks, according to Gemalto. Unveiled last February, the UpTeq NFC […]

1 284 285 286