Visa to Introduce Hybrid Pricing Scheme for Card Acceptance http://bit.ly/nctwrK On yesterday’s earnings call with analyst, CEO Joseph Saunders said that Visa would introduce a new “network participation fee” for all merchant acquirers in the US. While not yet fulling defined, various media outlets have what details are available and industry reaction. One billion contactless [...]
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Archive | July, 2011
07/28/11: Google, Fridge, Confident Technologies, Payment Conference
July 28, 2011
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Exploring the New Face of Retail Payments http://bit.ly/r98qsr “At the Chicago Fed’s 2011 Payments Conference, held on May 19–20, participants discussed how changes in consumers’ behavior in the wake of the financial crisis and recession can translate into opportunities and challenges for both traditional and nascent payment providers. They also focused on the impact of [...]
Read more07/27/11: Visa, Mobile Imaging Cloud, PaymentsJobs.com
July 28, 2011
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Visa Reports Fiscal 3Q 2011 Results http://bit.ly/nYJY50 Visa has announced financial results for the Company’s fiscal 3Q 2011 ended June 30, 2011 with GAAP net income for the quarter of $1.0 billion on GAAP net operating revenue of $2.3 billion, an increase of 14% over the prior year. Mitek Systems Launches ‘Mobile Imaging Cloud’ Service [...]
Read more07/26/11: iPad, Confident Technologies, Inner Fence, Facebook, American Express
July 26, 2011
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Credit Card Reader for iPad Available Today From Inner Fence http://bit.ly/nv6K1E Inner Fence, maker of Credit Card Terminal, is now shipping Credit Card Reader for iPad. The Apple-authorized hardware accessory allows merchants to swipe credit cards and is free to new Credit Card Terminal merchants. Confident Technologies Unveils New Mobile Authentication Technology http://bit.ly/qz7j55 Confident Technologies [...]
Read more07/25/11: American Express, AT&T, Social Payment
July 25, 2011
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American Express Announces Second Quarter 2011 Financial Results http://bit.ly/qsjQKH Cardmember spending was at an all-time high, growing 18% (15% adjusted for foreign exchange conversions) and we saw broad-based strength across the consumer, small business and corporate sectors globally. While net interest income was down from last year because of a lower yield on our portfolio, [...]
Read more07/22/11: CouponMob, FaceCash, Virtual eGift card
July 22, 2011
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Comprehensive Online Savings Portal CouponMob Launches Affiliate Marketing Program http://bit.ly/pRU6lQ CouponMob (CouponMob.com), a comprehensive savings portal for everyday consumer purchases, today unveiled its affiliate marketing program for bloggers, deal aggregators, and other online and mobile publishers. Participating affiliates earn competitive compensation for new member registrations as well as sales. Interested publishers should visit http://www.couponmob.com/affiliate to [...]
Read more07/21/11: eBay, PayPal, CDS Global
July 21, 2011
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A Look at PayPal’s 2Q2011 Financial Results http://bit.ly/nBaOuk eBay‘s Payments segment (including PayPal and BillMeLater) revenue was $1,073 million for the quarter, representing PayPal’s first billion dollar quarter, and an increase of 31% year over year. Net total payment volume (TPV) for the quarter was $28.7 billion, an increase of 34% year over year. In [...]
Read more07/20/11: Isis, American Express, Sprint Network
July 20, 2011
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Isis Forms Relationships with Visa, MasterCard, Discover and American Express http://bit.ly/rn2dic “Since the formation of Isis in November, we have been committed to building a mobile commerce platform that aligns and advances the interests of consumers, merchants and banks,” said Michael Abbott, chief executive officer for Isis. “By working with the nation’s payment networks – [...]
Read more07/19/11: VITAband, Revo Payments, Facebook Payment Apps, First BanCorp
July 19, 2011
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U.S. Bank Introduces VITAband http://bit.ly/qIAtKK The VITAband allows customers to simply “Tap & Go” when making purchases at merchant locations that accept contactless payments. It also links to a customizable Emergency Response Profile (ERP) that provides medical professionals with fast access to critical medical information in the event of an emergency. U.S. Bank employees began [...]
Read more07/18/11: Payments Council, American Express, Sprint, B&N Bank
July 18, 2011
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Payments Council -”the cheque is staying”, 2018 target cancelled http://bit.ly/nrww83 The Payments Council has reversed its decision with regard to the closure of the cheque clearing in October 2018, as no suitable alternative has been proposed. The financial trade body has confirmed that cheques will remain in place for “as long as customers need them” [...]
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