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ChapterTitleUpdate
Industry

and Bronze Winner in the Service of the Year category. Additionally, Square redesigned Square Register. "The
design's refined aesthetic introduces a smoother, more
Heartland adds AmEx merchant funding intuitive experience for both merchants and their cus-
tomers, and optimizes for efficiency, simple customiza-
Princeton, N.J.-based acquirer Heartland Payment tion and ease of use," Square said.
Systems Inc. said it will be the first processor to offer
American Express Merchant Financing to merchants. The TransCard christens new Chattanooga HQ
service allows small businesses an alternative financing
solution via which they can obtain loans based on annu- Prepaid card program manager TransCard LLC, along
al card processing volumes. with the Chattanooga Area Chamber of Commerce, cele-
brated its relocation to new headquarters in Chattanooga,
Ingenico expands mobile payments in Tenn. TransCard said it is the largest technology compa-
eight countries ny in southeastern Tennessee.
POS manufacturer Ingenico SA, along with its mobile USAT ranks high in POS terminal shipping
payment subsidiary ROAM, extended its near field
communication (NFC) -based mobile payment footprint Wireless payment technology provider USA Technologies
into eight countries in 2013. Ingenico executive Jean- Inc. said The Nilson Report placed the company as the
Marc Thienpont said the Paris-based company's overall fifth-ranked shipper of wireless POS devices in 2012.
mobile payments footprint stands at 1,000 acquirers in "We believe USAT's ranking in the top five for U.S. ship-
125 countries. ments is indicative of the growing interest in cashless
payment and telemetry in the markets we serve," said
Isis launches alliance program Maeve McKenna Duska, Vice President of Marketing for
USAT.
Mobile wallet service Isis revealed its new Isis Alliance
Program designed to provide retail technology firms Mobile loyalty, couponing program
the tools needed to integrate hardware with the mobile launched
wallet. The solution utilizes Isis' proprietary SmartTap
NFC technology embedded into POS devices. "[T]he Isis Munich, Germany-based acquirer Wirecard AG pre-
Alliance Program recognizes the ISO and POS solution sented a mobile couponing and loyalty platform at
provider channel is a powerful pathway to get new tech- the Mobile Money & Digital Payments summit held in
nology to merchants," said Jason Oxman, Chief Executive Dubai, United Arab Emirates, from Nov. 5 to 7, 2013. The
Officer of the Electronic Transactions Association. platform utilizes NFC technology to allow smartphone
users to redeem virtual vouchers by tapping phones on
ProPay gets into multi-currency processing readers.

ProPay Inc., a Lehi, Utah-based ISO and Total System
Services Inc. company, launched a multiple currency RESEARCH
conversion product called Shop in Your Currency. The
service, which is powered by Planet Payment Inc., allows What's in-store for merchants?
ProPay merchants to offer their customers the option of
paying for goods and services in their home currencies. A Smart Card Alliance white paper, The Changing U.S.
Payments Landscape: Impact on Payment Transactions at
Skrill approved for gambling in Jersey Physical Stores, explores how smart mobile devices, NFC,
and migration to Europay/MasterCard/Visa technology
London-based online payment firm Skrill was approved are bringing significant changes to in-store payments
by the New Jersey Division of Gaming Enforcement to and interaction with customers. The paper provides an
offer a digital wallet for regulated gambling in the state overview of each new payment technology, along with
of New Jersey. Krill, which operates in the United States an analysis of advantages and disadvantages and poten-
as Skrill U.S.A. Inc., said its digital wallet offers gam- tial impacts.
bling sites a way to process deposits and withdrawals
faster, increase conversion rates and provide full charge- Tap out for now
back protection.
According to a recent online poll conducted by Harris
Square eliminates holds, upgrades register Interactive, 64 percent of those polled expect tap-to-pay
mobile payments to replace card payments, but only 33
After complaints surfaced that businesses using Square percent were convinced it will happen within five years.
Inc.'s mobile POS solution to process payments had Twenty-eight percent said they believe this technology
to wait weeks for funds to be deposited into merchant will never replace card payments; 34 percent indicated
accounts, the San Francisco-based mobile POS provider they expect cash payments to prevail. Lack of compel-
eliminated holds and deposit limits on manually entered ling motivation was a primary reason cited for slow
transactions.
uptake in most cases, Harris reported.

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