Gift cards continue to get high marks from consumers who like to buy them and receive them, according to research released today by the Retail Gift Card Association (RGCA), a trade association of closed-loop gift card retailers.
June 18, 2013 Far EasTone Telecommunications Co., one of Taiwan’s largest telcos, is launching a mobile payments pilot in cooperation with Far Eastern International Bank and MasterCard. The program, scheduled to begin during the second half of 2013, will use near field communication (NFC) technology and be limited to mobile payments under NT$3,000 (US$100.37), according […]
Amazon.com Inc. is extending its gift cards to Facebook. The Seattle-based e-commerce giant today unveiled Amazon Birthday Gift, enabling users to surprise their friends on Facebook by purchasing a digital gift card that shows up on the recipient’s Facebook Timeline on his birthday. The social media multiplier effect: Any other friend can add funds to […]
By Thomas Cornelius, SVP, InComm Today’s consumers are constantly on the go—they’re busier, they multitask more and they have less time to get everything done. As a result, their shopping habits have changed. In fact, according to Forrester, more than 50 percent of in-store retail sales (approximately $1.2 trillion) are now Web-influenced. To meet the […]
The UK Payments Council has published a ‘payments roadmap’, which sets out the steps that could help to build up a shared payments infrastructure in the UK.
June 17, 2013 The U.K. Payments Council hopes to map the future of its nation’s payment infrastructure by creating a roadmap for the next decade, drawing broad input from government, business, charity and consumer groups, the London-based organization announced today. In “Payments Roadmap—An Initial Report,” the council outlined an approach to nurturing development of the […]
A new cloud-based payments validation, enrichment and account conversion service has been launched by UK start-up Apply Financial. Called Validate, the service enables banks, non-banking financial institutions, corporates and individuals transferring money internationally to check and validate that international payment details are correct.
If you believe that Apple will support near field communications (NFC) on its next iPhone, it’s time to give up on that hope.
MoneyGram has forged a deal with European mobile telecom operator Lebara Mobile.
Strong customer authentication and account monitoring are keys to preventing tax refund/benefits fraud on prepaid cards. By Loraine DeBonis, Editor-in-Chief As identity theft increases in the digital age, fraud perpetrated with stolen identities has risen dramatically. And, tax refunds have become a target for fraudsters. Tax-related identity theft jumped more than 650 percent between 2008 and […]
Just days before Apple’s annual Worldwide Developers Conference, which runs all this week in San Francisco, the U.S. Patent and Trademark Office (USPTO) has granted Apple another patent that could be a signal of what the tech giant is planning for mobile payments. The patent relates to a “method and system for managing credits […]
Green Dot Corp. will benefit from its exempt status from debit interchange caps by becoming the issuer of one of the largest GPR programs on the market—the Walmart MoneyCard. Green Dot Bank, which also serves as the issuer for Green Dot’s GPR cards, replaces GE Capital Retail Bank, which is bowing out of the relationship […]
As the value of global cross-border payments such as workers’ remittances increases, billions of dollars are being lost to inefficient legacy systems – but that could be about to change, according to Hank Uberoi, executive director at Earthport.
During the opening keynote address at the Underbanked Financial Services Forum, which kicked off yesterday in Miami, CFSI President and CEO Jennifer Tescher suggested that conference attendees view themselves as being in the financial health business. Drawing heavily on analogies to the health care industry throughout her address, Tescher explained that the American psyche is […]
The organization that stood out from the crowd in 2012 to make a positive, game-changing difference in the prepaid/emerging payments environment in a geographic region or globally. Best in Category: Rêv Worldwide Launched low-cost mobile card reader targeting 400 million SMEs in 12 countries, along with Brazil’s first GPR card and Mexico’s first mobile banking/prepaid […]
The retailer that has used prepaid most effectively to increase sales, promote its brand and/or extend convenience to customers. Best in Category: Walmart Prepaid Card Program Jason Marshall and Sabrina Chin, Walmart Aggressively promotes broadest assortment of innovative prepaid products at everyday low prices through extensive merchandising in the most valuable space in the […]
In our final installment of winners coverage for the 2013 Paybefore Awards, you’ll find out how companies are innovating and expanding the boundaries of prepaid to solve problems, reach more consumers and change the industry for the better. Most Innovative Program Best Retail-Based Prepaid Card Program Expanding the Boundaries of Prepaid Outstanding Newcomer Breakout Company of […]
E-commerce is still PayPal’s bread and butter, but the company is making serious strides at brick-and-mortar stores.
In business more than 60 years, Minneapolis firm demonstrates the wisdom of smart growth and leveraging core competency to become a leader in innovative card printing.
Innovation in financial services is currently at a seven-year low, reflecting a period of cost-cutting and scaling back in the face of new financial regulation – but innovative new technologies such as mobile may provide a solution, according to law firm RPC.
An Interview with John Walsh, CEO, SightSpan Serving on a corporate board is a great honor and a great responsibility, especially for those involved in financial services organizations. Gone are the days when directors were management’s rubberstamp. And particularly since the global financial crisis of 2008, significantly more is expected of non-management corporate directors. Today’s […]
Heartland School Solutions, a division of Princeton, N.J.-based payments processor Heartland Payment Systems, has unveiled a new mobile app that enables parents of school-aged children to manage their kids’ lunch expenses via smartphone or tablet.
As competition heats up in the mobile merchant acceptance arena, payleven hopes to improve its odds of gaining international market share with a deal to sell its chip-and-PIN readers in Apple Inc. stores across Europe plus a new strategic alliance it’s formed with Germany-based Wirecard AG.
