PayTech


Startup Combines Mobile Shopping, Loyalty, Gifting in One App (Dec. 11, 2012)

Dec. 11, 2012 A new startup aims to combine shopping, loyalty and gifting to provide what it calls “the most relevant offers to consumers and the most targeted customers to merchants.” Philadelphia-based Clutch last week launched its free iOS app, which enables users to manage gift and loyalty cards, daily deals, coupons, social gifting and […]

On the Wire: Waspit Secures $3 Million in Additional Funding (December 2012)

Press Release NEW YORK, NY, December 11, 2012 – Waspit, Inc., the first ever interactive social banking platform for students, today announced it has secured $3 million in additional funding from a group of New York-based private investors. “We are thrilled to receive this additional funding, which comes from investors who have taken a long-term, strategic […]

On the Wire: LevelUp and First Trade Union Bank Develop Revolutionary Custom Mobile Payment and Loyalty App (December 2012)

Press Release First Trade Union Bank (FTUB) is joining the mobile payment revolution by creating its own custom-branded payment and loyalty app with mobile payments innovator LevelUp. This partnership makes FTUB the first bank to introduce a LevelUp-powered mobile payment solution, giving its customers access to the largest merchant network in the country. The new app, […]

Apple Piles Up Patents as ‘Defensive’ Strategy, Analysts Suggest (Dec. 10, 2012)

Dec. 10, 2012 Apple Inc.’s Passbook mobile wallet app gradually is gaining momentum with merchants and card issuers integrating with the mobile wallet app. And while Apple continues to remain mum about plans to add NFC to its handsets, where Apple is going with its proliferating number of other payments-related patents is anyone’s guess. Apple […]

FIS Unveils $1 Fee ATM Program (Dec. 10, 2012)

Dec. 10, 2012 Banking and payments technology provider FIS has unveiled a new program the company says will save ATM users from high convenience fees, while increasing traffic and earnings for ATM owners. FIS’s new DOLLAR$TOP limited surcharge program enables consumers to access ATMs across the U.S. with a guaranteed $1 convenience fee limit. Available […]

Optimal Continues Prepaid Push with MasterCard Pact in Europe (Dec. 10, 2012)

Dec. 10, 2012 Just months after becoming an issuer of prepaid cards, global online payments provider Optimal Payments has taken another step into the prepaid arena, inking a deal with MasterCard International Inc. in a bid to expand the company’s presence in the European prepaid market. The collaboration will be based around Optimal’s Net+ MasterCard […]

Square Inc. Adds Smartphone Gift Cards to Wallet (Dec. 10, 2012)

Dec. 10, 2012 Small merchants that accept Square Wallet are hoping to get a holiday sales boost from Square Inc.’s introduction this week of digital gift cards. San Mateo-based Square’s latest offering enables smartphone users to purchase a gift card from 250,000 merchants participating in Square Wallet, and pay using any card. Consumers buying Square […]

Asperity Selects Giftango Platform for U.S. Rewards Programs (Dec. 10, 2012)

Dec. 10, 2012 Asperity Employee Benefits, a U.K.-based employee benefits provider, has chosen Giftango Corp. to manage and fulfill e-gift cards for Asperity’s recently launched rewards program in the United States. The partnership enables Asperity and its Web-based benefits platform to provide customers with a wider selection and instant delivery of e-gift cards through the […]

Cardfree’s Mobile Vets Launch Mobile Merchant Platform (Dec. 10, 2012)

Dec. 10, 2012 San Francisco-based startup Cardfree has launched a white-label mobile platform providing merchants with the ability to implement personalized offers and promotions, mobile payments, loyalty programs, social media engagement and data analytics, among other capabilities designed to drive incremental visits, larger ticket size and greater consumer engagement. The goal of Cardfree is to […]

EU businesses “unprepared” for SEPA, warns survey

Europe’s businesses are unprepared for the arrival of the Single Euro Payments Area in February 2014, with many completely unaware of its consequences, according to new research by IT business services provider Steria.