On the occasion of SIA EXPO 2014, SIA presents an innovative service for “Person to Person” (P2P) payments called “Jiffy”, which via an app lets users send and receive money in real time on their smartphone to and from their phone contacts. The word “Jiffy” is a unit of measurement corresponding to the time light
goSwiff, a leading innovator in mobile commerce and marketing services, launched a new goSwiff PINPad card reader to boost the efficiency and security of cashless mobile transactions across a range of markets. With consumers increasingly demanding mobile solutions and services, the ability to facilitate payments anywhere and anytime is crucial for the merchants. goSwiff’s pocket-sized
A new study conducted by ACI Worldwide and Wiese Research Associates reveals that 56 percent of organizations use siloed electronic bill presentment and payment (EBPP) systems that cost them more than $1 billion annually. Study participants included leaders responsible for EBPP in the U.S. within the consumer finance, government, higher education, insurance and utility sectors.
Crystal Clear Payments, a leader in payment products for community financial institutions nationwide, announced a new strategic alliance with Elan Financial Services, a leader in EFT processing, to provide ATM and card processing for Crystal Clear Payments’ community financial institution customers. Crystal Clear Payments is leveraging Elan’s size and long-standing investment in ATM processing technology,
Cardtronics, Inc., the world’s largest retail ATM owner/operator, is now going beyond connecting consumers with their cash at convenient retail locations. With the launch of the ALLTM Network, Cardtronics introduces cash + digital rewards, with money-saving deals and discounts available immediately at stores hosting an ALLTM. How does ALLTM work? Get Cash: Consumers can use
Generations Bank held the official grand opening of its newest branch, located at 6120 State Route 96, in Farmington, N.Y. The state-of-the-art branch is the area’s first “teller-less” bank, featuring five NCR Interactive Teller units. The sophisticated branch also houses the region’s first “Smart Office,” which offers virtual, face-to-face banking via a live high definition
Market research company Euromonitor International released new global data on the consumer finance industry. According to the data, 25.1 billion financial cards are currently in circulation globally with USD$56.7 billion dollars in transactions occurring in 2014. The US accounts for 3.4 billion cards and USD$10.1 billion in transactions. Emerging markets such as China and Brazil
Cuscal Limited, one of Australia’s leading providers of end-to-end payments, has announced plans to acquire Strategic Payments Services Pty Ltd, subject to shareholder approval. If the transaction is approved it will cement Cuscal’s unique market position as the only independent ADI licensed wholesale payments company to deliver banking capabilities and payments solutions across the entire
Worldline, the European leader in the payments and transactional services industry, has entered into a partnership agreement with Alpha Card Merchant Services, allowing Worldline to acquire merchants onto the American Express network in Belgium. Alpha Card Merchant Services is a subsidiary of Alpha Card, a joint venture company between American Express and BNP Paribas Fortis
Payment Processing specialist Vogogo Inc. announced a signed agreement that will provide its customers access to the Interac Online payment network. Interac Online is a transfer and payment service made available to Canadians who bank online with Canada’s largest banks: BMO, Scotiabank, TD Canada Trust and RBC Royal Bank. It has recently gained traction as
