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FinTech News: Innotribe, Mastercard Inc (MA), Paymill, PayPal

Innotribe at Sibos – Innovation track promo

With sessions that offer deep insights into what is happening in the world of innovation, moving away from polarising discussions such as open vs closed, incremental vs disruptive, the Innovation track will explore what else is out there beyond open innovation.

Mastercard Inc (NYSE:MA) launches big data analytics centre in India

Mastercard Inc (NYSE:MA) has announced the launch of an Advanced Analytics Center of Excellence in India. It is an extension of the Mastercard Inc (NYSE:MA) Advisors’ Advanced Analytics group headquartered in NY that works with financial institutions, merchants, governments and other companies around the world, to more effectively leverage big data and analytics to solve their most pressing business challenges, such as enhancing customer acquisition and loyalty. Mastercard App

Speaking at the inauguration ceremony, Kevin Stanton, President, Mastercard Inc (NYSE:MA) Advisors said: “We are delighted to launch the Advanced Analytics Center of Excellence in India. Mastercard Inc (NYSE:MA) Advisors has been a global leader in big data technology, analytics and expertise for over 10 years. We feel India is a very important market for Mastercard Inc (NYSE:MA), rich in analytics talent and expertise that will assist us in delivering big data solutions on broader scale, globally”.

Paymill launches iOS and AndroidSDK

Payment service provider PAYMILL, has introduced PAYMILL Mobile SDK for iOS and Android today. By doing so, PAYMILL picks up a Euro-wide trend: A shift from retail to mobile commerce. PAYMILL Mobile SDK is a great all-in-one solution that provides the best customer experience of mobile in-app payments. Mark Henkel, CEO and Co-Founder of PAYMILL: “With PAYMILL Mobile SDK, we respond to our customers’ requests for an easy way to integrate payments into one’s app. From now on, customers can directly pay inside the app very fast and easily, without having the need to leave the app to pay. Thereby, we close the gap in the mobile “check out chain” and enable merchants to provide the best mobile payment experience to their customers. 

And the best thing: Mobile SDK users can design the check-out processes according to their own preferences so that they are not bound to a fixed template. Essentially, Mobile SDK is the perfect way to use mobile as a revenue stream to make mobile customers happy.”

PayPal, Inc. Here deploys across the UK

PayPal, Inc. Here, the highly anticipated Chip and PIN solution for small and medium-sized businesses (SMBs), is now available to all businesses in the UK. It is a game changer for SMBs, enabling businesses an affordable, easy to use and secure way to accept credit and debit cards or PayPal Check in, meaning businesses don’t have to turn away customers who don’t have enough cash on them or want to pay by card. Narik Patel, Director of Mobile Merchant Services, PayPal UK, said: “A dedicated team based in Richmond has been working on PayPal Heretm for over a year now. It’s been entirely designed to suit the needs of British businesses.

SMBs don’t want the commitment of monthly fees and contracts for a card reader but being ablle to take card payments can make a big difference to their business.”

HybridPayTech delects Vodafone M2M platform for mobile payments 

HybridPayTech announced it has selected Vodafone’s global machine-to-machine platform to provide connectivity for its pioneering mobile payment service. The service allows businesses to equip mobile employees with smartphones or tablets that can securely process credit and debit card payments globally using Vodafone’s network. This will allow businesses to fully embrace mobile payments for the first time while also introducing new revenue stream and improving the customer payment experience.

HybridPaytech provides the world’s first completely secure, end-to-end mobile payment service that can process both credit and debit card transactions. 

Massimo Barone, Founder & Chair of HybridPaytech’s Advisory Board, stated, “The ability to process credit and debit card payments anywhere in the world using a wide variety of standard mobile devices will drastically simplify how companies charge their customers. The fact that we can support both credit and debit cards means the mobile payment market can now really take off. By working with Vodafone we not only benefit from a highly secure, comprehensive global network – we also receive international SIM cards and management tools that make it easy to remotely monitor, repair and update the payment terminals.”

The fully PCI-DSS compliant service includes mobile applications for Apple, Android, Windows Phone and BlackBerry smartphones and tablets, which can support credit and debit payments through plug and play card-reading equipment. Alternatively, businesses can use standard mobile payment terminals.

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FinovateFall 2013 | Filene Research Institute

On September 10 and 11, Finovate returns to New York with FinovateFall 2013, a two-day showcase of cutting-edge financial and banking technology innovations from leading established companies and hot young startups. We’re excited to be moving to a new location at the Manhattan Center this year. read more

IntelligentHQ is a platform that provides digital business insights, growth, executive education and change through the social media innovation lens to business – both startups and corporations. Check out its full range of content here.

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