CA-based Virtual Piggy is beefing up payment fraud protection for its Oink payment technology. Oink is the first e-commerce solution that enables kids and teens to manage and spend money within parental controls.
Provisions for credit card losses among the top U.S. bank credit card issuers declined among most, ranging from 0% to -48%. The issuer with the largest provisions for credit losses is Discover and the smallest provisions for credit card losses is American Express, according to CardData.
Gemalto introduces its Allynis Trusted Services Hub turnkey business service that enables financial institutions, enterprises, transport operators and more generally all digital service providers to benefit from a single connection in order to securely deploy their value-added and mobile payment services across a comprehensive portfolio of smartphones and mobile networks around the world. Through Gemalto’s Allynis Trusted Services Hub customers get a one-stop and immediate access to the largest user base using NFC smartphones already equipped with Secure Elements. Over 1.5 billion mobile users worldwide are covered by Gemalto-contracted Trusted Services Management (TSM) platforms, with over a hundred million high-end “multi-tenant” SIM cards already in place to protect and manage sensitive application credentials.
Bank Mandiri launched Mandiri Mobile POS, in collaboration with goSwiff and its local partner Indopay. mPOS answers to the needs of Mandiri’s customers for security, convenience and reliability in card transactions with Visa and MasterCard. Leveraging goSwiff’s mobile commerce and marketing experience, the new mPOS solution helps Bank Mandiri to bring more payment alternatives to Indonesian merchants and consumers. Indonesian government is encouraging a cashless society by reducing cash transactions, and Mandiri Mobile POS provides one channel for that. The payment on the spot prevents any card misuse by unauthorized parties. Bank Mandiri’s initial pilot to test the mPOS integration with service ordering system was done with Holycow Steak by Chef Afit.
BitPay is moving to a larger office to meet the explosive increase in demand. BitPay has added more expertise to its staff with Timo Dijkstra as Compliance Specialist. Timo previously worked as a Senior Compliance and Risk Consultant for PriceWaterhouseCoopers and has a Corporate Law degree from the University of Utrecht. BitPay has also added Walter Drieënhuizen and Niels Kerstholt as Sales Associates, and Carla Jagger as the Office Manager. Walter has previously worked at DocData, and Niels is a three time Olympian and world shorttrack speed skating 2014 relay champion. Worldwide, BitPay has grown to 75 full-time employees with 5 offices in Atlanta, Amsterdam, San Francisco, Buenos Aires, and St. Petersburg.
Nordstrom online opts for 3Delta Systems CardVault tokenization and card processing services. Nordstrom will have capability to further secure customer credit card payments without the sensitive cardholder information entering their systems or databases.
Outsourcing vault cash services to a third-party provider is a growing trend with ATM ISOs and IADs. Elan adds more ATMs with a new deal.
Florida-based EverBank has partnered with FIS to provide FIS People Pay to its customers. The P2P payment service eliminates funding risks as all transactions instantly debit funds from a sender’s account.
Credit card usage in Kuwait grew at a compound annual growth rate (CAGR) of 12.02% between 2009-2013, driven by the increased installation of point of sale (POS) terminals in merchant outlets and Improved banking infrastructure.
The pay-at-the-table technology company Viableware has changed its name to TableSafe. the Company says the name change is effective immediately and will help to more accurately reflect the benefits of the company’s multi-functional payment platform.
Visa is going all out to encourage Americans to enroll for its new single log-in online shopping payment service, Visa Checkout. Visa and Pizza Hut are offering one million free pizzas for users of Visa Checkout.
CardWeb’s CardPixes database of more than 7,000 card images today features the WalMart MasterCard. The Walmart MasterCard is issued Synchrony Bank.