Oberthur Technologies has been selected by Advanced Info Service telecom operator to provide “MIFARE DESFire” secure, contactless technology embedded in an NFC SIM card. The NFC SIM card with embedded MIFARE DESFire™ technology, DragonFly, is being launched for the first time in Asia with AIS, and will enable a mobile phone to be used as an e-purse to pay for public transportation and goods in Bangkok. Service users can also directly top-up credit on their SIM card and check both their balance and transaction history using their mobile phones. This new generation of NFC SIM card, boasts increased speed, security and convenience as well as best-in-class certifications and an integrated anti-virus. The dragonFly also allows rich applications to be embarked on the SIM.
Monitise mobile banking, payments and commerce networks tripled the value of payments and transfers over its technology platform, live transactions and registered users in the last year, reaching an all-time high for the company in each category. The value of payments and transfers initiated via the Monitise Enterprise Platform is now more than $31bn on an annualized basis, compared with $10bn a year ago. The global Mobile Money business is handling 2bn transactions on an annualized basis, compared with 0.48bn in February 2012, underpinned by registered customers climbing to 20m from 6m in January 2012. North America is a significant market for Monitise with 10m direct registered end users. Monitise’s expertise in customizing mobile applications across a broad range of phone models and operating systems enables Visa to virtualize its existing accounts on mobile phones and offer Visa account holders globally a new array of payment types. V.me, Visa’s new wallet service for example, has been designed to take the friction out of commerce and is supported by Monitise.
Oberthur Technologies security and identification solutions is now collaborating with Smart Catch International digital security service provider to offer its Trusted Service Management (TSM) services with mobile operators. Oberthur Technologies’ complete NFC offer including TSM, NFC SIM cards, mobile applications and more, already boasts several years of extensive research, development, trials and commercial launches. The NFC solutions are already deployed in over 20 countries worldwide with over 30 TSM references. Building on this expertise, Oberthur Technologies will assist Smart Catch International in delivering complete TSM functionalities to Taiwanese mobile operators and services providers, for secure deployment and management of NFC services.
MasterCard launched its “MasterPass” ‘future of digital payments,’ offering consumers a digital service to use any payment card or enabled device to discover enhanced shopping experiences. An expansion of “PayPass Wallet Services,” “MasterPass was announced Spring of 2012 and offers checkout services to provide merchants a consistent way to accept electronic payments regardless of where the consumer may be. For in-store scenarios either at the register or in the aisle, MasterPass will support the use of NFC, QR codes, tags and mobile devices used at points of sale. It provides shoppers a simple check-out process by eliminating the need to enter detailed shipping and card information with every purchase. Consumers can securely store card information, address books and more in a secure cloud, hosted by an entity they trust.
PSCU will offer the Mastercard “MasterPass” digital payment service to the CUSO’s nearly 700 Member-Owner credit unions, allowing shoppers to more conveniently and securely perform transactions during checkout. The “MasterPass” provides online shoppers a simple check-out process by eliminating the need to enter detailed shipping and card information with every purchase. PSCU’s future implementation phases of MasterPass may allow consumers to go beyond plastic and use an enabled device for in-store purchase transactions. Lake Trust Credit Union (Lansing, MI) has joined PSCU as a participant in testing the new digital solution.
mFoundry and MasterCard partnered to make MasterPass connected wallets available to mFoundry’s nearly 900 bank customers. The integration with mFoundry’s mobile banking solutions allows millions of consumers to use any payment card or enabled device to discover enhanced shopping experiences that are as simple as a click, tap or touch – online, in-store or anywhere. mFoundry will create a digital wallet service using the MasterPass APIs to provide its customers with a MasterPass-connected wallet as part of its mobile banking platform and deliver a truly integrated mobile banking and payment solutions.
TSYS signed a long-term payments agreement with MLS Direct Network for undisclosed terms. Through its Merchant Services segment, TSYS will provide full-service payment processing services, in addition to chargeback processing, technical support, and risk management services. In 2012, MLS Direct processed $3.6 billion in credit card processing through its provider networks.
SmartStream Technologies launched their latest reconciliations solution developed in response to continued customer demand to cut operational costs and duplication of feeds – with the long term view of having a single platform for back office operations. This allows for better control over each entity and the ability to confidently report to all business lines. The new SmartStream offering avoids the need for multiple systems, multiple licences and the training of employees on different systems. Regulations arising from Dodd-Frank and EMIR, place new demands for regular and in some cases, daily reconciliations of these complex instruments. SmartStream’s customers can now roll-out an industry standard model for OTC Derivatives in the fastest time available today.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Glancy Binkow & Goldberg announces is investigating claims on behalf of purchasers of the securities of VeriFone Systems for violations to the federal securities laws. Concerning allegations statements issued by VeriFone were false and misleading in regards to its operations and financial performance, the investigation is related to allegations Verifone failed…