TrialPay has announced a redesign of its checkout flow to help its 10,000 online merchants convert more of their free users into paying customers. The company says “the new checkout flow, which features significant UI enhancements and a more streamlined design, is already proving effective: extensive A/B testing showed that the redesign can increase conversions by 10-15% and greatly improves the user experience.”

More: continued here

Aconite has announced the Aconite Smart EMV Manager, an integrated package that delivers “a sophisticated, fully-featured EMV solution in a single product. With straightforward pricing, simple interfaces and a plug-in deployment model, Aconite Smart EMV Manager offers all the benefits of Aconite’s world-leading EMV components in a single, easy to implement package.”

More: continued here

U.S. Bank, the fifth largest bank in the United States, will soon become the first major bank to implement Secure Vault Payments (SVP). “It gives businesses the only online payment option that provides real-time authorization of funds and guaranteed payments for ACH transactions at costs typically lower than traditional and other alternative payment methods.” “Launching Secure Vault Payments allows U.S. Bank to give our business customers a cost-effective, low risk option to accept online payments, while also offering our consumer banking customers one of the safest ways to pay online,” said Jeff Jones, executive vice president for treasury management at…

More: continued here

Headline News is compiled by Glenbrook Partners: Vindicia Secures $20 Million in Series E Financing iPhone Credit Card Swiper Adds Retail Transaction Support to Swipe Credit Card Terminal Square Enix Selects PlaySpan’s UltimatePay for Payment Processing Services TransCard Announces a Turnkey Bank and Prepaid Processing Solution for Members of the Prepaid Community European Specialists Team Up to Define Security Standards for Next-Generation Mobile Devices TechCrunch: Amazon Now Allows You To Send Gift Cards To Friends On Facebook Note: Throughout the day, as we spot interesting developments, this post is updated.

More: continued here

MasterCard this morning has announced financial results for the third quarter 2010. The company reported gross dollar volume increased 8.5% on a local currency basis to $685 billion, cross border volumes increased 15.4% and processed transactions increased 0.6% compared to the same period in 2009, to 5.8 billion. “Consumers and businesses around the world continue to recognize the benefits of electronic payments and MasterCard remains at the heart of this evolution,” said Ajay Banga, MasterCard president and chief executive officer. “Our year-to-date net income is up over 22%, aided by strong volume growth from markets outside of the U.S.” Press…

More: continued here

Bank of America Merrill Lynch has announced that the expanded capabilities for Paymode-X, the all-digital online payment and invoicing system powered by Bottomline Technologies, are now part of the bank’s supply chain and treasury solutions offering. Combining electronic purchase order submission, invoicing and payment settlement on a single platform, Paymode-X enables companies to better control and predict their cash flow, reduce processing costs and strengthen relationships with suppliers. New features include enhanced purchase order presentment and matching, more efficient invoice workflow and approval capabilities, along with the ability for buyers and their suppliers to negotiate discounts for prompt payment.

More: continued here

VeriFone has announced its PAYware Merchant managed service is now available across Europe. The recently announced strategic partnership with Gemalto “completes VeriFone’s pan-European sales and distribution network and makes a continental payment gateway service feasible.” PAYware Merchant is a bank-certified, hosted payment solution for large retailers, fuel organizations and hospitality companies.

More: continued here

The European Payments Council (EPC) has announced updated and enhanced versions of the SEPA Credit Transfer (SCT) Scheme Rulebook and the SEPA Direct Debit (SDD) Scheme Rulebooks. November 1, 2010 marks an important target date for SEPA, as all banks in the euro area are now reachable for cross-border SEPA direct debits. The single element now required to achieve an integrated euro payments market is a clear deadline for the transition to the SEPA payment schemes. The EPC calls on EU lawmakers to set an end date for migration to SCT and SDD through EU Regulation. The EPC believes that…

More: continued here

Dublin, Ireland – “Payments in a Mobile World” (New Workshop!) November 17th & 18th – Registration Euro 1195 Santa Clara, California – “Glenbrook Payments Boot Camp” December 8th & 9th – Registration $1995 Glenbrook Payments Essentials Webinars – Registration $149 This week – “Essentials of eCommerce Payments” Tuesday November 2nd, 10:30AM- 11:30AM PST Next week – “ACH Essentials” Tuesday November 9th, 10:30AM- 11:30AM PST In 2 weeks – “The Job of the eCommerce Payments Manager” Tuesday, November 16th, 10:30AM- 11:30AM PST In 3 weeks – “The PayPal X Platform” Tuesday, November 23rd, 10:30AM- 11:30AM PST Questions? .

More: continued here

peerTransfer has announced that it has secured financing led by Spark Capital and well-known angels including Dave McClure (500 Startups and formerly of PayPal), John Landry (former CTO of Lotus) and Jim Hornthal (co-founder of Travelocity). “Founded at MIT, peerTransfer enables individuals and businesses to transfer money between international bank accounts more conveniently and up to five times lower cost, compared to traditional banking and wire services.”

More: continued here