Tuesday, April 19, 2011

Acculynk's Internet PIN Debit Solution Goes Live with JetPay

April 19, 2011 09:13 AM Eastern Daylight Time 

JetPay Now Offers PaySecure Internet PIN Debit

Acculynk and JetPay go-live with PaySecure, bringing the convenience and security of Internet PIN Debit to Ecommerce merchants
ATLANTA--(BUSINESS WIRE)--JetPay, LLC, and Acculynk announced today that PaySecure® is now available on the JetPay payment platform. JetPay, a Dallas-based payment services provider and developer of JetPay™, a suite of payment transaction processing solutions, and Acculynk, the only provider of a software service for PIN debit payments on the Internet, PaySecure, signed a partnership in Q4 of 2010 to offer PaySecure to existing JetPay merchants and Ecommerce merchants with other acquirers that do not currently offer PaySecure.
“JetPay is a nimble, innovative acquirer and our goal was to make PaySecure available on their payment platform as quickly as possible”
“JetPay is a nimble, innovative acquirer and our goal was to make PaySecure available on their payment platform as quickly as possible,” said Ashish Bahl, CEO of Acculynk. “We are pleased at how quickly they have completed the implementation and commercially rolled out PaySecure.”
“We started pre-selling PaySecure to our merchant base and even new merchant prospects earlier this year,” said Trent Voigt, Chairman of JetPay. “The response was extremely positive and resulted in us having customers ready to go with PaySecure as soon as it was live on our platform.”
Todd Fuller, EVP of Business Development adds, “This innovative solution is allowing JetPay to not only service our large Ecommerce portfolio, but also look to new niche markets which might have historically been difficult or unable to penetrate.”
Acculynk partners with major merchant acquirers, such as JetPay, to make the product available to their installed merchant base. In cases where the acquirer does not currently offer PaySecure, the product can be leveraged as a hook product for new business.
“Our goal certainly would be to use PaySecure to attract merchants to our platform, whether it is for PaySecure transactions only or for their entire card business,” said Voigt. “It’s a very simple process for new merchants to sign with us for either option.”
Acculynk continues to bring new functionality to PaySecure, announcing the availability of the product on mobile phones in January and extending PaySecure to applications outside of traditional Internet PIN debit, including P2P transfers.
About JetPay, LLC
JetPay, LLC is a payment processing company comprised of industry specialists fully conversant in POS and order-entry software applications, systems integration, data networking, and communications technologies. Developer and manager of its own UNIX-based platform, JetPay™ provides credit card authorization, capture, and a full menu of related services designed to handle payment processing of ‘high speed need’ clients. JetPay, LLC maintains a business development and account support center in Dallas, focusing on meeting the payments acceptance needs of credit card merchants across the globe.
About Acculynk
Acculynk secures online transactions with a suite of software-only services backed by a patented authentication and encryption framework that provides greater security for issuers, EFT networks, merchants and payment processors. Acculynk has introduced the first product for Internet PIN debit payments, PaySecure®, which utilizes a graphical PIN-pad for the secure entry of a consumer’s PIN. PaySecure is currently enabled on over 3,000 merchant websites. Acculynk has partnerships with 9 EFT networks to process PaySecure transactions and with six leading payment processors to distribute the product. Visit http://www.acculynk.com.

Contacts

Acculynk
Danielle Duclos, 678-894-7013
Director of Marketing
press@acculynk.com
JetPay
Todd Fuller, 972-503-8900, ext. 158
EVP Business Development
tfuller@jetpay.com

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Veracity Payment Solutions Named One of the Top Merchant Acquirers in the U.S. for 2010 by the Nilson Report

ATLANTA, April 19, 2011 /PRNewswire/ -- Veracity Payment Solutions, Inc., headquartered in Atlanta, Georgia, announced today that it has been named as one of the "Top U.S. Acquirers" by the Nilson Report, a leading publication covering payment systems worldwide. The list was published in Issue # 967, ranking 94 of the largest portfolios of merchant card processing based on purchased volume generated by Visa® and MasterCard® signature based credit and debit cards.  
With more than 5,000 independent credit card processing entities in the U.S. alone, Veracity was ranked 66, processing over 1.4 billion and approximately 15 million in transactions that represents more than 9,400 merchant locations nationwide.
"This is the third year Veracity Payment Solutions has been listed in the Nilson Report," commented Joseph P. Cohane, CEO of Veracity Payment Solutions. "With the size and strength of our existing operations, we are well-positioned to expand into new markets and service lines. We have remained steadfast to our core principles and will continue to solidify our position in the industry."  
About Veracity Payment Solutions
Veracity Payment Solutions is headquartered in Atlanta, Georgia, with customer operations and sales services in Aiken, South Carolina, Moline, Illinois and Honolulu, Hawaii. Veracity serves the merchant community, trade associations, community banks and Affinity partners by offering full service point-of-sale solutions, web-based reporting and management tools. Veracity's key focus is to deliver quality service to our customers and ensure price transparency and clarity in every aspect of the merchant services programs we provide. Veracity is also the winner of the 2010 Torch Award for Marketplace Ethics-Category II, with the Better Business Bureau of Metro Atlanta. Visit www.veracitypayments.com for more information.      
SOURCE Veracity Payment Solutions
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Monday, April 18, 2011

Apple Squared not Exponentially Secure

Apple selling Square mobile payments reader--NFC plans in doubt
(from Fierce Mobile on 4-18-2011)
Apple is now selling mobile payments startup Square's credit card reader unit via the online Apple Store, casting further doubt on the computing giant's plans to integrate Near Field Communications-based payment technologies into future iterations of its iPhone.   Apple's decision to embrace Square further calls into question the company's commitment to NFC-based contactless payment technologies. Last month, The Independent reported Apple has told executives at several U.K. mobile operators that it will not embed NFC technology into the forthcoming iPhone 5, citing apprehension over the absence of clearly defined industry standards. It is believed that Apple engineers continue to work on an NFC solution, however--earlier this year, Bloomberg reported that the computing giant's mobile wallet efforts likely will leverage Apple customer information already on file, e.g., credit card account numbers, iTunes gift card balances and bank data.

Read more: Apple selling Square mobile payments reader--NFC plans in doubt - FierceMobileContent http://www.fiercemobilecontent.com/story/apple-selling-square-mobile-payments-reader-nfc-plans-doubt/2011-04-18#ixzz1Jt5E7yfc 



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PayPal to Offer Digital Credentials to Online Consumers

18 April, 2011 - 11:46

Finextra
PayPal is gearing up to play a part in a new US identity initiative which seeks to replace multiple password and user name log-ins with an interoperable set of commercially-supplied digital identities for consumers transacting online.
Read More 
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2011 Contactless Near Field Communication (NFC) Mobile Payments: Framing Mobile Payments on the Foundation of Mobile Banking

April 18, 2011 05:18 AM Eastern Daylight Time 

DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of Javelin Strategy & Research's new report "2011 Contactless Near Field Communication (NFC) Mobile Payments: Framing Mobile Payments on the Foundation of Mobile Banking" to their offering.
Mobile payments have been the source of much excitement for over half a decade, with the latest focus being on near field communication (NFC) payments, which uses short-range wireless technologies to allow a consumer to tap or wave a supporting mobile phone to complete an in-store payment. Late 2010 experienced of a flurry of NFC-related mobile payments announcements, detailing pilot initiatives from numerous financial institutions (FIs), payment networks, mobile phone carriers, technology giants, and third-party developers.

Despite this activity, mobile contactless/NFC is a payment option that is battling limited availability of contactless-ready merchant terminals and mobile technology, as well as low consumer demand. In order to ensure the greatest opportunity for success, FIs should integrate NFC mobile payments with their existing mobile banking platform. Javelin data shows that mobile bankers are the prime financial demographic to jumpstart mobile payments, and FIs should promote the service accordingly.
Key Topics Covered:
  • The State of U.S. Contactless and Mobile Commerce
  • The Consumer Roadmap to Mobile Payments
  • Mobile Banking as the Springboard for Mobile Contactless Payments
  • Demographic Trends - Who Are the Likely Mobile Contactless Users of Today?
  • Mobile Contactless Payments: The Proverbial Chicken and the Egg Dilemma
Companies Mentioned:
  • AT&T
  • Bank of America
  • MasterCard
  • M-Com
  • Citibank
  • PayPal
  • Samsung
  • T-Mobile
  • Google
  • Visa

Contacts

Research and Markets
Laura Wood, Senior Manager,
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

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SIX Card Solutions Chooses TNS for Global Payment Services

April 18, 2011 05:17 AM Eastern Daylight Time 

SIX Card Solutions Boosts Global Payment Services with TNS Agreement

FRANKFURT, Germany--(BUSINESS WIRE)--Luxembourg based payment provider SIX Card Solutions can now provide its merchants with a solution that gives them access to multiple acquirers across Europe via one connection to the Secure Payments Network of Transaction Network Services (NYSE:TNS).
The agreement will see TNS provide SIX Card Solutions with a managed payment network service for the hospitality and car parking elements of its business, allowing the organisation to streamline its payment-related connectivity by replacing multiple local European suppliers with just one connection provided by TNS.
TNS’ single provider capabilities are expected to enable SIX Cards Solutions to streamline its processes, saving time and effort that was spent maintaining multiple supplier relationships, and provide its customers with improved levels of service. SIX Card Solutions payment transactions will be routed via TNS’ PCI-certified Secure Payments Network, providing a secure and reliable service for all transactions.
Michele Ferraris, Chief Executive Officer of SIX Cards Solutions Group Luxembourg, said: “As part of our overall growth strategy, we are keen to target high growth sectors and develop relationships with merchants in new markets. We have an existing relationship with TNS and they have proven to be a reliable partner with key strengths in operational and service excellence. The single connection service they offer to multiple banks and acquirers will streamline our technology infrastructure and enable us to offer an excellent quality of service to our customers.
“Having a secure and reliable payment facility in place is essential for SIX Card Solutions. We now have a scalable system which can handle our heavy volume of transactions, enabling us to connect to new entities quickly as we continue to expand our business. We see TNS as a company that is well positioned to partner with us to support our future growth.”
Martin Croot, Senior Vice President and General Manager of EMEA for TNS’ Payments Division, said: “SIX Card Solutions is a valuable relationship for TNS and we are proud to be their chosen partner. This agreement shows our commitment to supporting SIX Card Solutions growth objectives. Our ability to provide solutions across geographies will enable them to lower their costs and boost their operational effectiveness, while building on new relationships with merchants across Europe and in other regions.”
Through its TNSPay payment gateway services and its broad portfolio of payment network connectivity solutions, TNS connects merchants and Payment Service Providers to many of the world's leading banks, acquirers and processors to enable secure, efficient and cost-effective delivery and processing of payments. Its global expertise extends to more than 40 countries across the Americas, Europe and Asia Pacific regions, with billions of transactions crossing its high-speed global networks each year.
As a member of the SIX Group, SIX Card Solutions Group Luxembourg SA, (formerly 3C Communications International SA) has been at the forefront of card processing for more than 20 years in 28 countries. SIX Card Solutions provides innovative payment processing solutions to a wide variety of industries, particularly hotels, restaurants, parking, retail, vending and e-commerce.
SIX Group, which resulted from the merger of the SWX, Telekurs and SIS at the start of 2008, operates Switzerland’s financial market infrastructure. With around 3‚600 employees in 23 countries, the company offers comprehensive services in the areas of securities trading, clearing and settlement, as well as financial information and payment transactions.
Ends...
About Transaction Network Services
Transaction Network Services (TNS) is a leading global provider of data communications and interoperability solutions.
TNS’ offers a broad range of networks and innovative value-added services which enables transactions and the exchange of information in diverse industries such as retail, banking, payment processing, telecommunications and the financial markets.
Founded in 1990 in the United States, TNS has grown steadily and now provides services in over 40 countries across the Americas, Europe and the Asia Pacific region, with our reach extending to many more. TNS has designed and implemented multiple data networks which support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods.
For further information about TNS, visit www.tnsi.com. ‘One Connection, A World of Opportunities’
Statements and information contained in our press releases and newsletters that are not descriptions of historical fact may contain forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond our control, which could cause actual results to differ materially from historical results or performance and from any opinions or statements expressed with respect to future periods. www.tnsi.com
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MasterCard Completes Travelex Prepaid Acquisition


MasterCard Completes Acquisition of Travelex’s Prepaid Card Program Management Assets

Deal Enhances MasterCard’s Global Prepaid Business
PURCHASE, N.Y.--(BUSINESS WIRE)--MasterCard Incorporated (NYSE:MA) announced today that it has completed its acquisition of the prepaid Card Program Management (CPM) operations of Travelex, at the terms previously announced.
The acquisition of Travelex’s CPM operations furthers MasterCard’s strategic business goals and strengthens the company’s suite of global prepaid business assets. It will allow MasterCard to play a greater role in the prepaid value chain supporting issuers and partners, especially outside of the United States and in the attractive cross-border payments space.
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Smart Card Alliance to Offer Full Day Workshop on U.S. Path to EMV Payments



PRINCETON JUNCTION, NJ--(Marketwire - April 14, 2011) - An interactive, full-day workshop on North America's path to EMV payments will open its 2011 Annual Conference, the Smart Card Alliance said today. Already a major agenda focus of the Annual Conference, the pre-conference workshop will provide attendees with a thorough understanding of the options for implementing EMV in the United States.

The workshop, "EMV Roadmap Implementation Options," is being held from 8:30 a.m. to 5:00 p.m. on Monday, May 2nd at the Hyatt Regency McCormick Place in Chicago. The remainder of the Smart Card Alliance Annual Conference, themed "The Roadmap for EMV Payments and Secure ID" continues Tuesday, May 3rd through Thursday, May 5th.
"Building off of our recent success of our white paper on EMV implementation, this workshop assembles all of the experts on this topic in one place. It is also especially timely, with the recent announcements from Wells Fargo and Chase Card Services that they will issue EMV chip cards to U.S. customers," said Randy Vanderhoof, executive director of the Smart Card Alliance. "Nowhere else can all of the stakeholders in the payments industry receive such an in-depth look at the steps that can be taken to deploy EMV payments in the United States, and hear first-hand accounts from those that have implemented the technology."
Workshop presenters will discuss the impact of global EMV deployment on the U.S. payments industry and provides a detailed look at choices for EMV card interface, card authentication, cardholder verification and transaction authorization methods. Speakers will also outline actions that issuers, processers and merchants need to take to issue EMV cards, and to accept and process EMV transactions. Attendees will learn about these topics:
  • "Global EMV Implementation, Impact on Fraud, and U.S. Status" -- Oliver Manahan, MasterCard Worldwide
  • "EMV 101 -- Card and Transaction Security: EMV Options for Card Authentication, Cardholder Verification, Transaction Authorization" -- Guy Berg, Datacard Group
  • "Card Interface Choices: EMV, Contactless and NFC" -- Bengt Horsma, First Data Corporation 
  • "EMV Changes Required in the Payments Infrastructure" -- Simon Hurry, Visa
  • "Roadmap Options for the U.S. and Business Drivers" -- Deborah Baxley, Capgemini. 
  • "EMV Implementation Options and Considerations for Issuers" -- Jeff Stroud, Gemalto
  • "EMV Implementation Options and Considerations for Merchants" -- Erik Vlugt, VeriFone
  • "Implementation Lessons Learned" -- Panel including Troy Bernard, Discover; Nino Di Teodoro, Citi; Merrill Halpern, United Nations Federal Credit Union; Simon Hurry, Visa; and Oliver Manahan, MasterCard
Additional pre-conference workshops available to attendees on May 2nd have topics ranging from smart card training, contactless and mobile payments, and email authentication. All information about the conference, with links to event information and registration website containing the complete agenda, list of exhibitors and registered attendees to date, and full registration details are available on the 2011 Smart Card Alliance Annual Conference website. This Smart Card Alliance conference is open to everyone with Alliance members receiving special registration benefits and discounts. 
About the Smart Card AllianceThe Smart Card Alliance is a not-for-profit, multi-industry association working to stimulate the understanding, adoption, use and widespread application of smart card technology. 
Through specific projects such as education programs, market research, advocacy, industry relations and open forums, the Alliance keeps its members connected to industry leaders and innovative thought. The Alliance is the single industry voice for smart cards, leading industry discussion on the impact and value of smart cards in the U.S. and Latin America. For more information please visit http://www.smartcardalliance.org.
Contact:
Deb Montner
Montner & Associates
203-226-9290
dmontner@montner.com

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Friday, April 15, 2011

Google, MasterCard and Citibank to Build Google-Branded NFC Mobile Payments System?

From ReadWriteWeb.com,

Google and MasterCard Teaming Up?
Google is preparing to launch a mobile payments system in partnership with MasterCard and Citigoup, Inc., according to a report in The Wall St. Journal. The service is the long-rumored mobile venture utilizing NFC (near field communication) technology, which allows customers to wave or tap their phones at the point-of-sale to pay for purchases. Google isn't taking a cut of the transaction fees, says the report, but would use the system to provide retailers with more data about their customers so they could better target their ads.
"That's good, considering that the recent rumors about MasterCard's involvement with Google and Citibank to build a Google-branded mobile payments system would have the form factor being the mobile phone itself, not the SIM card." With Google's Android mobile operating system, support for NFC has been built into the software. That means phone manufacturers can put NFC chips in the phone then install Android in order to ship NFC-capable devices. Google's flagship phone, the Nexus S, is a recent example of a popular NFC smartphone. Anderson calls Google's decision to add the NFC support into Android "a very big deal."  "This was an important decision," he said. "It gave a path for handset manufacturers to support NFC with very little work." If Google led the way in mobile payments, it would be about scale, said Anderson. By licensing the OS to manufacturers, it's a broader play. There's less control from top-to-bottom.  This would be different from the route Apple is expected to take, which would involve end-to-end control of the entire experience. That's not necessarily a poor decision, however, Anderson said. Apple tends to delight its customer base, said Anderson. It could do an amazing job.


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Google Distributing NFC Stickers to Businesses in Austin, Texas

From MobileBurn.com

Click to Enlarge
Google has begun distributing stickers with near field communication (NFC) technology to businesses throughout Austin, Texas as part of its Google Places roll out. The stickers allow users to tap their NFC-equipped phone on the sticker and access content and information relevant to the local business. The stickers are manufactured by Smartag and measure 80mm x 50mm (3.15 in x 1.97 in) in size. Users who have the Google Places app on their smartphones will be able to see the business' address, phone number, hours of business, types of payment accepted, reviews, and more. The user also has the ability to rate and review the business right from their mobile device. They will then receive personalized recommendations in their search results based on their preferences. Google is starting its campaign for Google Places in Austin, but has made no mention of where it could expand the program to in the future.

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Thursday, April 14, 2011

NFC Forum Publishes White Paper on NFC Smart Posters

April 14, 2011 10:31 AM Eastern Daylight Time 
Near Field Communication Forum Publishes White Paper on NFC Smart Posters

Forum Executives to Present on White Paper and Other Key NFC Topics at WIMA in Monaco
WAKEFIELD, Mass.--(BUSINESS WIRE)--The NFC Forum, a non-profit industry association that advances the use of Near Field Communication (NFC) technology, has published a White Paper about developing and deploying NFC Smart Posters, subtitled "How to use NFC tags and readers to create interactive experiences that benefit both consumers and businesses." The paper is available for download at no charge from http://www.nfc-forum.org/resources/white_papers/.
http://www.nfc-forum.org
“How to use NFC tags and readers to create interactive experiences that benefit both consumers and businesses.”
The NFC Forum also announced that its leaders will present compelling content and examples from the Smart Poster White Paper, as well as other industry-facing topics covering NFC technology at WIMA, April 21, 2011, in Monaco. Koichi Tagawa, NFC Forum Chairman, will deliver a keynote address titled “NFC: The Evolution Continues,” which discusses the latest developments in the industry association, as well as current NFC market trends.
The goal of the White Paper, written by members of the NFC Forum Ecosystem Development Working Group, is to empower and encourage businesses and consumers to implement and use NFC Smart Posters. The extensively illustrated paper offers an easy guide to understanding what an NFC Smart Poster is, what is required to develop NFC Smart Posters, and how to avoid common obstacles when creating them. Through numerous use cases, the paper highlights ways in which NFC Smart Posters are already in use around the world, benefiting industry and consumers alike. Appendices include Frequently Asked Questions, a Glossary, and a selection of other available resources.
NFC Smart Posters are objects in or on which readable NFC tags have been placed. Smart Posters use reader/writer mode, one of the three modes of NFC; the other two modes are Peer-to-Peerand Card Emulation. An NFC Smart Poster can come in many forms – it can be a poster, billboard, magazine page, even a three-dimensional object. Information on each NFC tag is read when an NFC device is held close to it. Smart Poster examples include a poster with a web address for buying concert tickets, a museum exhibit sign with in-depth information, a restaurant menu for quick ordering of daily specials, and an in-store display offering special savings to shoppers; many more are described in the paper.
NFC Smart Posters can be of value to retailers, transport agencies, financial services companies, museums, health care providers – any entity with information to share. NFC Smart Posters can deliver a wide range of business benefits, such as cost advantages over other means of communication, relative ease of implementation, and automated interactive communications with target audiences. NFC Smart Posters can also provide an immediately useful call to action on advertisements. The process for creating Smart Posters is simple enough that consumers can make their own for household use; the White Paper offers helpful information to guide them in this activity.
The NFC Smart Poster White Paper is one of a series produced by NFC Forum members to educate the public and the industry about various aspects of using NFC technology.
About Near Field Communication Technology
NFC technology makes life easier and more convenient for consumers around the world by making it simpler to make transactions, exchange digital content, and connect electronic devices with a touch.
A standards-based connectivity technology, NFC harmonizes today's diverse contactless technologies, enabling current and future solutions in areas such as access control, consumer electronics, healthcare, information collection and exchange, loyalty and coupons, payments, and transport.
NFC technology is supported by the world’s leading communication device manufacturers, semiconductor producers, network operators, IT and services companies, and financial services organizations. NFC is compatible with hundreds of millions of contactless cards and readers already deployed worldwide.
About the NFC Forum
The NFC Forum was launched as a non-profit industry association in 2004 by leading mobile communications, semiconductor and consumer electronics companies. The Forum’s mission is to advance the use of Near Field Communication technology by developing specifications, ensuring interoperability among devices and services, and educating the market about NFC technology. The Forum’s 135 global member companies currently are developing specifications for a modular NFC device architecture, and protocols for interoperable data exchange and device-independent service delivery, device discovery, and device capability.
The NFC Forum’s Sponsor members, which hold seats on the Board of Directors, include leading players in key industries around the world. The Sponsor members are: Broadcom Corporation, INSIDE Secure, MasterCard Worldwide, Microsoft Corp., NEC, Nokia, NTT DOCOMO, Inc., NXP Semiconductors, Renesas Electronics Corporation, Samsung, Sony Corporation, STMicroelectronics, and Visa Inc.

Contacts

NFC Forum Public Relations
Ruth Cassidy, +1 617-957-8494
ruth.cassidy@nfc-forum.org
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1 in 5 Smartphones will have NFC by 2014 says Juniper Research

Press Release: 1 in 5 Smartphones will have NFC by 2014, Spurred by Recent Breakthroughs: New Juniper Research Report

Hampshire, UK:  14th April 2011 – New market forecasts from Juniper Research show rapid adoption of NFC services over the next 3 years, with at least 1 in 5 smartphones worldwide having NFC contactless functionality. Worldwide, Juniper forecasts almost 300 million NFC capable smartphones by 2014. Juniper’s analysis shows that this growth will be driven in the short term by mobile network operators launching services in 20 early adopting countries before the end of 2012.
With more and more handset vendors integrating NFC chipsets, the new Juniper Research report forecasts that NFC payments and retail marketing capability via coupons and smart posters will become common amongst smartphone users in Western Europe, North America and other developed regions.  
NFC Retail Marketing & Mobile Payments Report author Howard Wilcox gave more details behind the report’s conclusions: "Juniper’s market analysis highlighted that, although there are still hurdles ahead, NFC prospects have been boosted by the succession of mobile operator and device vendor announcements. France is a case in point where operators expect to sell one million NFC devices this year."


NFC is attracting the attention of all the major players such as Google, France Telecom Orange and Telefonica who see mobile commerce capability as vital. Juniper’s report pinpoints the main revenue opportunities but warns that business model structures still require development before NFC services will achieve critical mass.
Juniper’s new report contains comprehensive six year forecasts for all the key market parameters including users, transactions and values for both NFC ticketing and retail payments. It also breaks out the opportunities for value added retail marketing services through coupons and smart posters. Additionally the report pinpoints the drivers and constraints impacting the market, and tracks the status of 14 vendors addressing the market.  
Further findings include:
• North America will account for half of all NFC smartphones in 2014, followed by Western Europe.
• With many entities such as banks, mobile operators, transport companies and merchants involved, service complexity is a challenge in each NFC rollout.
NFC Video Whitepaper and further details of ‘NFC Retail Marketing & Mobile Payments: Markets, Forecasts & Strategies 2011-2016’ can be downloaded from www.juniperresearch.com. Alternatively please contact John Levett at john.levett@juniperresearch.com, telephone +44(0)1256 830001.
Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.

Author

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U.S. Bank Wins Innovation Award for Online Payment Management Tool

April 14, 2011 11:00 AM Eastern Daylight Time 
U.S. Bank Wins Barlow Research’s 2011 Monarch Innovation Award for Its Small Business Online Payment Management Tool
MINNEAPOLIS--(BUSINESS WIRE)--Barlow Research Associates, Inc. has honored U.S. Bank with a 2011 Monarch Innovation Award, recognizing the company’s ScoreBoard online payments management tool for small businesses. Barlow provides worldwide research and consulting services for the financial services industry, and began the Monarch Innovation Awards in 2007.
U.S. Bank
“ScoreBoard leverages our expertise as both a card issuer and processor to provide our business customers with a complete picture of their credit card purchases and sales. This data offers insights about how they can more effectively manage card spending and processing as a small business.”
Awards were chosen by an independent jury for their innovative products and features. Judges quantitatively scored each submission based on factors including uniqueness, customer loyalty, dependability, ease of use and value. U.S. Bank received the “Innovative Feature” award for its ScoreBoard tool, which helps small businesses make smarter decisions about the financial operations of their business.
“U.S. Bank is proud to be recognized as a financial services innovator with this prestigious award from Barlow Research,” said Robert Kaufman, senior vice president, U.S. Bank Payment Services. “ScoreBoard leverages our expertise as both a card issuer and processor to provide our business customers with a complete picture of their credit card purchases and sales. This data offers insights about how they can more effectively manage card spending and processing as a small business.”
ScoreBoard provides trending and reporting data that allows customers to monitor their own credit card spending and also compare their card sales data to industry trends. Available through the customer’s existing online account access tools, ScoreBoard features easy-to-read charts and graphs that provide a monthly snapshot of their credit card purchases and payments. It also gives customers insight into their merchant accounts, tracking sales transactions when customers use a card for payment of goods and services. For details, visit www.usbank.com/scoreboard.
Small business has long been a focus for U.S. Bank. The company is consistently a top Small Business Administration (SBA) lender and advocate for small businesses. U.S. Bank was recently recognized by the City Business Journals Network SMB Insights 2010 Brand Survey as the number one bank for small businesses as ranked by small business owners.
About the Monarch Innovation Awards
Developed by Barlow Research Associates, Inc. to recognize the importance – and challenge – of innovation in a highly regulated financial services industry, the award is named after the monarch to symbolize the rebirth that results when old formulas and methods give way to new ways of doing things. For details visit www.MonarchInnovationAwards.com.
About Barlow Research Associates, Inc.
Barlow Research Associates, Inc. (BRAI) was founded in 1980 to provide research and consulting services to the banking industry in the U.S. and overseas. BRAI specializes in custom research, strategic consulting and syndicated research programs in small business, middle market and Internet banking. BRAI has a wide range of experience in many financial markets, and knows the questions to ask and the issues to probe. www.BarlowResearch.com
About U.S. Bancorp
U.S. Bancorp (NYSE: USB), with $308 billion in assets as of Dec. 31, 2010, is the parent company of U.S. Bank, the fifth largest commercial bank in the United States. The company operates 3,069 banking offices in 25 states and 5,310 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

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