News

November, 2014

• 5 November

  A New App Uses Facial Recognition and Location To Pay Tips

  Tip.ly is a new app that wants to make it easier for patrons to tip their servers. The iPhone-only app is designed to solve the problem of how to leave a tip when a consumer has no cash. Consumers associate a payment card with their Tip.ly accounts. Recipients collect the …
• 5 November

  MCX Chief Davidson Strikes Defiant Tone While Touting Benefits of CurrentC’s Wallet

  By John Stewart Merchant Customer Exchange LLC (MCX) has launched its CurrentC mobile-payment service with “thousands” of consumers in “several American cities,” the program’s chief executive said on Wednesday. The “consumers,” employees of retailers that make up the Needham, Mass.-based MCX consortium, are part of a pilot for the fledgling …
• 5 November

  Eye on Tech: Small Businesses Snub NFC; Vantiv Completes Durbin-Compliant Debit Transaction

  By Jim Daly Results of a merchant processor’s survey released Wednesday claim that only 4% of small businesses have point-of-sale terminals that can accept near-field communication (NFC) contactless mobile payments, and only a small minority currently plan to upgrade their equipment so they can. Meanwhile, payment processor Vantiv Inc. on …
• 4 November

  Poynt Recruits Chase Paymentech and Vantiv To Distribute Its New Terminals

  Conspicuously absent from new point-of-sale terminal maker Poynt Inc.’s Oct. 30 unveiling was how the new company’s L-shaped, portable devices would be distributed. The answer to that question came Monday when Poynt chief executive Osama Bedier revealed that two of the nation’s largest merchant acquirers, Chase Paymentech and Vantiv Inc., …
• 4 November

  LoopPay Debuts CardCase, Working On Tokenized Data System

    Mobile payment provider LoopPay Inc. launched the LoopPay Card and CardCase, accessories meant to make it easier to use the mobile-payment service. After downloading the free Loop Wallet from the iTunes or Google Play stores, the user connects a Loop device to the phone. The user creates an account …
• 4 November

  First Data’s Clover Adds Mobile Functionality to Hit the Aisles

  First Data Corp.’s Clover point-of-sale system now is available in a mobile version that enables merchants to roam their store aisles with the device. Dubbed Clover Mobile, the service can be paired with the stationary Clover Station or used as a standalone service, First Data says. Like Clover Station, Clover …
• 4 November

  Verifone Expands the Availability of Point Payment Service

  The newly rebranded Verifone Inc. this week made several product announcements. As the payments industry pays more attention to data security, Verifone this week said it is making its secure payment service Verifone Point available to all of the terminal maker’s direct customers and U.S. merchant acquirers and independent software …
• 4 November

  AmEx’s Chenault Touts Role of Digital Initiatives in Widening T&E Giant’s Customer Base

  A confident Kenneth I. Chenault appeared before 7,000 payments and financial-services executives on Tuesday to talk about what he touted as American Express Co.’s recent record of success in digital payments. While he runs a 164-year-old company with roots in plastic cards and travelers’ checks, Chenault conceded nothing to his …
• 3 November

  MoneyGram Debuts New Platform With Alternative Financial Services In Mind

    Money-transfer provider MoneyGram International Inc. has launched MGiAlloy, a technology platform to enable greater use of alternative financial services. MGiAlloy, which can be used on kiosks, online, on mobile device or at points-of-sale, enables consumers to transfer money, pay bills, cash checks, reload prepaid cards and other services. Dallas-based MoneyGram …
• 3 November

  CPI, Sequent Pair Up on NFC Provisioning Service for Banks

    CPI Card Group is working with digital issuance and wallet platform provider Sequent Software Inc. on CPIMobile, a service to deliver secure digital credentials to near-field communication (NFC)-compatible smart phones. CPI announced Monday. NFC is a two-way protocol that enables mobile devices to share data in a secure environment. CPIMobile …