Developing Mobile Payments and Offers for Airport Retailers
A long winter delay at an airport is a perfect opportunity for the
businesses that operate there. And especially during the holiday season,
NCR Corp. aims to make sure airport merchants are properly equipped to
handle payments for harried travelers.
"One in four U.S. travelers is likely to buy a last-minute
gift for the holiday at the airport," says Michelle Fischer, vice
president of strategy and marketing for NCR's travel business.
NCR is developing payments applications for airlines and the merchants
within airports. Its technology can gather data and push targeted offers
to consumers. This process could allow airlines to increase non-aviation
revenue, which can make up for the drop in business airlines suffer when
fewer people can afford airfare.
Payroll Cards Flourish or Flounder Under MC's New Rules?
MasterCard is tightening the screws around the use of prepaid cards as a
way to pay employees. Some issuers will find its demands are
straightforward and achievable; others may consider discontinuing the
"I do not see how the fringe players can stay in the
business and survive," says Madeline Aufseeser, a senior analyst at Aite
Group. "This is a scale-based business and companies need to have scale
to make a profit."
MasterCard recently announced new standards for payroll cards, or the
prepaid cards that companies distribute to employees as a way to access
salary and other financial services.
JPMorgan Divided on the Path to Faster Payments
The country's Federal Reserve banks have made clear that they want to
see a much faster nationwide payments system within 10 years. Now comes
the hard part: developing a plan to make that happen.
shakeup of the existing system is likely to produce winners and losers,
so companies of all shapes and sizes are speaking up now in hopes of
shaping the Fed's next moves.
Spark Regulatory Crackdown as Denmark Drafts Rules
The spread of Bitcoins is now prompting regulators in Scandinavia to
draft new rules in an effort to prevent virtual money from slipping into
a legal gray zone.
Denmark is the latest nation to prepare standards to protect
its consumers from risks associated with virtual currencies after the
regulator found it lacked authority to prevent a company creating an
exchange for the software.
Buys StackMob to Add Engineering Talent
PayPal has purchased StackMob, which provides a development platform for
"While projects underway at PayPal have already accelerated
our ability to deliver great products to our customers, we believe that
with the addition of the talented team from StackMob, we'll move even
faster in creating, testing and deploying products that aim to transform
payments for customers around the world," PayPal CTO James Barrese says
in a blog post.
Klarna to Buy Germany's Sofort
Swedish payment company Klarna has agreed to purchase German payment
provider Sofort from Reimann Investors, Sofort's majority
Both companies will continue to offer their
products side by side and operate on a stand-alone basis. The combined
company will have 25 million users and 43,000 online merchants in 14
Founder Jerome Cle Resigns as CEO, Remains a Board Member
Jerome Cle has stepped down as CEO of SCCP Group. He will remain active
as a board member and strategic advisor to the mobile payment technology
The company's board will appoint an executive
management committee led by Etienne Van den Bogaert, SCCP's CTO and
acting CEO; and including Doug Merryman, president of the Americas; Erik
Holst-Roness, chief strategy officer and president of the Middle East
and Asia; and Benoit Delestre, president of Europe.
Pushes Taxi and Mobile Tech to Boost Its Business
VeriFone reported a loss in the fiscal fourth quarter, but beat its
internal guidance, and is touting new mobile payments initiatives as a
way to improve performance in the future.
The payment terminal manufacturer reported a quarterly net
loss of $247.7 million, or $2.26 per share, compared with a net profit
of $27 million or $0.24 per share in fiscal 2012. Revenue declined 11%,
to $431 million from $485 million, but was ahead of analysts'
expectations of $421.5 million for the quarter, which ended Oct. 31,
Signs Pharmacy Chain to Use Its Mobile Wallet
Swedish pharmacy chain Apoteksgruppen will launch SEQR, Seamless' mobile
The deployment will start immediately, and users will be able
to make payments and connect to the pharmacy's loyalty program via a
SEQR's mobile app. The chain has 163 locations in Sweden.