MasterCard and First Data Corporation today announced a strategic alliance to provide a unified solution for First Data’s FirstVision platform powered by VisionPLUS with the introduction of MasterCard inControl for banking clients and customers in Asia Pacific.
Paysafecard.com now offers a prepaid MasterCard that provides paysafecard customers with an even greater range and choice of where they can pay. The card is topped up with paysafecard credit to offer both the advantages of a prepaid system combined with the strength of a credit card accepted worldwide. This innovative product is now available to all customers for paying both online and offline at millions of shops. Thanks to paysafecard, even those without a bank account now have access to a credit card. paysafecard MasterCard is only topped up with paysafecard, which is available at local sales outlets such as petrol stations and newsagents. paysafecard MasterCard is then available as a physical card topped up with this amount and ready to use everywhere in the world MasterCard is accepted: This includes shops, hotels and restaurants, as well as online vendors. Plus, it can be used to make cash withdrawals from any ATM. paysafecard MasterCard can be topped up with paysafecard at any time.
Eventure Interactive, Inc. today announced the acquisition of the business operations, including the assets of, Gift Ya Now, an electronic gift card platform created by Vinay Jatwani. Eventure brings real and lasting meaning to its users’ lives, and in so doing addresses a yet untapped market opportunity.
ACI Worldwide has completed the acquisition of Retail Decisions (ReD) fraud prevention solutions. ReD is a leading ecommerce and fraud prevention company serving the payments industry. Its suite of solutions helps customers drive up revenues while reducing fraud losses and increasing the efficiency of their fraud management teams. ACI now expects ReD will generate approximately $18 million in revenue and $4 million in adjusted EBITDA for the remainder of 2014. They also expect non-GAAP revenue of $254 to $264 million in the third quarter.
The University of Montana Alumni Association (UMAA) and Commerce Bank have come together to offer UMAA members a Visa Signature® rewards credit card. The card offers Signature Rewards with high reward point values, unlimited earnings and bonus point opportunities as well as no annual fee. The University of Montana Alumni Association was founded in 1901 and now serves nearly 100,000 alumni across the country and around the world.
American Express announces the opening of The Centurion Lounge in New York LaGuardia Airport, the latest in a series of American Express lounges opening in the United States.
TSYS announced its Enterprise Tokenization solution to secure payment card information for purchases made online, through mobile devices and “digital wallet” applications. The solution is a key component of the company’s Connected Mobility agenda which includes API interfaces and consumer-facing applications to support payments, communications and commerce. To truly secure mobile commerce and provide increased protection against unauthorized account use, including that stemming from data breaches and other forms of fraud, TSYS Enterprise Tokenization protects card data by substituting a card’s Primary Account Number (PAN) with a token. The token acts as a substitute value for the actual PAN, while the data is in flight and at rest inside an issuer’s or retailer’s systems. The true PAN value associated with the token can be identified at any time with the right decryption keys. This preserves the length and format as the original PAN, and is no different from standard payment card information for transaction processing systems, applications, storage and tools.
EMVCo has approved Fime’s laboratory to its EMVCo Contactless Communication Protocol Specification. This accreditation means FIME Japan can support chip card and mobile device manufacturers with type approval testing of their products to the requirements defined by EMVCo. EMVCo is the EMV® technical body collectively owned by American Express, Discover, JCB, MasterCard, UnionPay and Visa. It accredits laboratories and qualifies test tools that in turn can support product type approval. This particular EMVCo contactless specification describes the minimum functionality required for operation and market interoperability of contactless payment cards and NFC enabled mobile devices.
HomeSend, eServGlobal and BICS announced an agreement with Indosat to make remittance services available in Indonesia.Through Indosat’s Dompetku Mobile Money platform, users can safely send and receive funds across Indonesia’s largest mobile money network. The HomeSend service enables consumers to send money to and from mobile money accounts, payment cards, bank accounts or cash outlets – regardless of their location or that of the recipient. The International Fund of Agricultural Development (IFAD), a specialized agency of the United Nations, estimates that 6.5M Indonesians will send funds to family or friends back home in 2014. The World Bank estimates that in total, $7.5B in remittance payments will be made into Indonesia this year.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gresham real-time financial transaction control software to the global matching and reconciliation market, reports 1H/14 revenues up 67% to GBP 2.0m and profit before tax of GBP 0.6m (H1 13: £0.7m). Since May 2014, four new customers have signed for CTC. A major bank purchased CTC for real-time intersystems matching and…
Allied Payment online and mobile bill payment services announced its FlexPay Internet bill pay solution offers banks and credit unions full integration with Allied’s industry-leading PicturePay® mobile photo bill pay solution, as well as flexible, per-transaction pricing rather than the traditional per-user pricing model. The integration offers several other advantages. FlexPay payees are populated from PicturePay photos, and payee lists are synced between both products. FlexPay seamlessly integrates with any online banking platform to match the look and feel of an institution’s existing website to provide bank customers and credit union members with greater continuity in their online banking experience. Users can also choose from a variety of available user interface formats to match their individual preferences.
Bindo announced the launch of a mobile EMV credit card reader for its cloud-based iPad POS. Bindo’s newly developed EMV reader has full end-to-end encryption with its iPad POS system and is both EMV Level 1 and Level 2 certified in the United States. It slots comfortably into the audiojack of an iPhone or an iPad, and allows mobile credit card payment acceptance. Bindo’s system encrypts and tokenizes cardholder data at the point of capture and its Tamper-Safe security module (TSSM) helps prevent third party brute force attacks. According to Visa, MasterCard, and AMEX, merchants who have invested in EMV deployment, such as Bindo’s solution, will be protected from financial liability for card-present fraud, under the new rules that will come into effect by 2015.