Merchant Account Services in Canada

In an article titled “MasterCard Set to Open an Online Shopping Mall”, Andrew Martin writes for the New York Times about MasterCard’s plans to introduce “a Web shopping mall on Monday that it says can pinpoint with considerable accuracy what its cardholders are likely to purchase.” Martin goes on to note that the mall is powered by technology provided by Next Jump. Over on TechCrunch in an article titled “Next Jump Takes Over MasterCard’s New Rewards Program, MasterCard MarketPlace”, Erick Schonfeld writes that “Next Jump takes an algorithmic approach to reward both good shoppers and good deals.” Click here to…

Source: Introducing MasterCard Marketplace

In order to make the auction process easier and quicker, we’ve added business verification in the sign up form. Simply enter your business name and zip code, choose your business from a drop down menu, and we will fill out the rest of your information (address, phone, etc.) for you on the spot.

http://www.youtube.com/watch?v=SicJGQEEXfQ

Source: New! Business Verification Added to TransFS Signup

Gemalto has announced that it has completed the acquisition of Todos AB from investors led by 6AP, a fund belonging to the Swedish National Pension system. Terms of the transaction were not disclosed. Headquartered in Gothenburg, Sweden, and employing 80 people worldwide, Todos AB is a provider of strong authentication solutions for internet banking. Todos has to date delivered in excess of 20 million products to over 100 financial institutions in more than 30 countries. Todos core offer is the eCode Suite, including the Todos Versatile Authentication Server, which enables strong authentication and transaction verification. The Versatile Authentication Server supports…

Source: Gemalto Acquires Todos

TSYS has published a new white paper titled “Risky Business: Best Practices for Managing Cardholder Dispute and Chargeback Processes in Challenging Times” by Robert Hadden. The paper discusses how card issuers can better use chargeback and dispute processes to have a “significant positive impact on customer relations.”

Source: Best Practices for Managing Cardholder Dispute, Chargeback Processes

PayPal has announced that its PayPal Mobile iPhone app has been downloaded over one million times in less than three weeks since it was released on March 15, 2010. The application is available as a free download from the Apple iTunes store online or the Apple App Store from any iPhone or iPod Touch. For more information on PayPal Mobile, visit https://www.paypal.com/mobile. First appearing in Apple’s App Store on March 15, 2010, the application includes exciting new features such as Split the Check, Collect Money and the popular Bump money transfers. “With PayPal Mobile on the iPhone, trips to the…

Source: Over One Million Downloads of PayPal’s Mobile iPhone App

The Center for Financial Services Innovations has published a new research paper titled “How Should We Serve the Short-Term Credit Needs of Low-Income Consumers?”. From the abstract: “Well-structured credit is essential to support a household’s ability to save, build a considerable credit history, and to facilitate crucial investments that can provide a foundation for other wealth-building activities. Unfortunately, there is a shortage of high-quality, small-dollar, short-term credit products in the marketplace today that help consumers to accomplish these goals. This paper explores the challenges these types of products face in order to identify business strategies and public policies that support…

Source: Serving the Short-Term Credit Needs of Low-Income Consumers

Tempo has announced that its affinity debit platform is being utilized by the Manilow Fund for Health and Hope to provide donors with debit cards that support the Barry Manilow-created nonprofit organization’s campaign to save public school music programs “one swipe at a time.” Each time a Manilow Fund for Health and Hope debit card is used to make a purchase, the organization will receive a portion of standard transaction fees, utilizing cardholders’ purchasing power instead of out-of-pocket money to increase the Fund’s revenue. Proceeds will be used by the Manilow Fund for Health and Hope’s Manilow Music Project to…

Source: Manilow Fund Uses Tempo’s Affinity Debit Platform

Adyen, a Netherlands-headquartered payments processing company started by the founders of Bibit, has announced the expansion of the company to the U.S. marketplace. Adyen executives include Chief Executive Officer, Pieter van der Does; President of North America, Peter Caparso; Chief Commerce Officer, Roelant Prins; and Chief Technology Officer, Arnout Schuijff. “With the advent of the Adyen Internet Payment Solution, we have established the next generation e-commerce payment solution for mid, large and enterprise e-commerce merchants,” said Peter Caparso, President of North America, Adyen Inc. “With an experienced team which has previously built two payment platforms, we were first in Europe…

Source: Adyen Enters US Market for Internet Payment Solutions

In a post titled “Glenbrook’s Model for Social Payments (A Work in Progress)”, Glenbrook’s Russ Jones writes on PaymentsViews.com about social payments – what they are and what they aren’t! Russ writes: I’ve concluded that for something to be a social payment, it’s got to be social. It’s got to involve multiple parties paying at once. Or multiple parties being paid at once. Or one party buying and another party paying. On and on.” Plan to join Russ and Glenbrook’s Erin McCune for a session titled “Web 2.0 and the Emergence of Social Payments” at the upcoming NACHA Payments 2010…

Source: Social Payments: A Model for Evaluating

TechCrunch: Blippy Does An End Run, Harnesses Gmail OAuth To Re-Enable Amazon Support AuctionBytes: Kabbage.com to Provide Business Loans to eBay Sellers Planet Payment Announces Fifth Third Contract Extension AP (via ABC News): Chase Expects Credit Card Law to Mean $750M Cut BusinessWeek: MasterCard, Visa, and the Card Sharks Digital Transactions: TNS Enters a Crowded Market for Card Acceptance on Handsets Mobile Banker: Starbucks, Target Buck NFC in Mobile Payments Jack Henry & Associates Announces 250th Mobile Banking Customer PayStream Advisors: Electronic Payments Report: Streamline Purchase-to-Pay, Reduce Costs eMarketer : Retail E-Commerce Resumes Double-Digit Growth Western Union Money Transfer(R) Service…

Source: Headline News – April 1, 2010