News


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 […]

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 cvsgiftcard.plasticjungle.com. 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 […]

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