INSIDE Secure acquired Metaforic, a leader in the development of software obfuscation1 technologies and encryption-related security software for a variety of industries, including the mobile payment and mobile banking markets. By leveraging INSIDE Secure’s strong security capabilities, the combined comprehensive solution will lead to additional sales, and reinforce INSIDE Secure’s position as a key player in the fast-growing mobile security solutions market, as Metaforic: Complements existing INSIDE Secure enterprise secure access (Virtual-Private-Network or VPN products) and content protection (Digital Right Management or DRM products) solutions by adding mobile payments and uniquely positions INSIDE Secure as the only company able to provide security solutions for enterprise secure access, digital entertainment and financial services markets, the three key market drivers for mobile security;
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Nacha ePayments Association launched its new opt-in program designed to mitigate the increasing volume of business bill payment exceptions originated to billers through online banking channels. Through the Bill Payment Exception (BPE) Mitigation Opt-in Program, NACHA seeks to improve the reliability of online banking bill payment channels, reduce costs and checks…
American merchants, gouged by banks on exorbitant credit- and debit-card fees, applaud the European Union for Thursday voting to cap card fees at a seventh of what U.S. retailers pay their banks. The European Parliament approved a 0.3 percent cap on the “swipe” fee paid by merchants when a customer uses a credit card. In the U.S., by contrast, Americans pay the highest swipe fees in the world, between 2 and 4 percent per transaction, or between $2 and $4 on every $100 worth of groceries, gasoline and everything else they buy. Members of Parliament also put a seven-Euro-cents cap (a dime in U.S. currency) on debit card transaction, or 0.2 percent of the transaction value, whichever is lower. For U.S. debit cards the banks in the U.S. can charge almost a quarter, which means Americans also pay the highest debit-card swipe fees in the world. The Merchants Payments Coalition – UnfairCreditCardFees.com coalition collectively represent about 2.7 million stores with approximately 50 million employees.
SIX Payment ServicesSIX Payment Services and MasterCard will jointly provide the wallet payment platform MasterPass for card issuing banks. The digital wallet simplifies payments on the internet and offers financial institutions in Europe an advanced payment solution for digital e-commerce and m-commerce. By the end of 2014 all holders of payment cards issued by Swiss banks will be able to use MasterPass to pay for online purchases on their PCs or mobile devices such as smartphones and tablets. With MasterPass, users no longer need to enter their address details or credit card number for each online purchase; they store them in their wallet. It doesn’t matter if the card comes from MasterCard or another provider, from then on consumers can pay more easily and quickly online without having to register with each new retailer or enter card and delivery details for each transaction. MasterPass cuts online payments to just a few clicks.
Wallaby announced the launch of its Google Chrome web browser extension that expands Wallaby’s market leadership position in credit card optimization solutions. The Wallaby Chrome Extension is included in the roll out of Wallaby Version 3.0 for iPhone – the most significant update to the popular and award-winning mobile app since its launch in 2012. Through the extension, Wallaby users easily identify which of their credit cards they should use for online purchases at a wide selection of merchants including Amazon, eBay, Staples, and Best Buy.
Ciphrex has launched Bitcoin Vault™ – a leading-edge, secure software wallet for Bitcoin transactions and account management. The beta release is offered for free and can be downloaded from Ciphrex website at ciphrex.com. Bitcoin Vault™ is the first bitcoin wallet supporting shared multisignature account management using deterministic keychains. That’s welcome news for the Bitcoin community. Last December, at the Bitcoin convention in Las Vegas, attention was drawn to the fact that no one had yet offered any practical multisignature tools.
1stPay iPad POS announced the 1stPayPOS cloud-based iPad POS system provides big data analytics for small-to-medium sized businesses (SMB). The intuitive 1stPayPOS® cloud-based point-of-sale system is easy to install and significantly reduces training time for employees. Replacing the obsolete electronic cash register with 1stPayPOS® will speed the checkout process with barcode scanners, improve your store’s image and provide analytics to better manage your business. 1stPayPOS® has no servers to maintain and no limit to the number of stations like a PC-based system. 1stPayPOS® has proprietary End-To-End Encryption technologies to offer you peace of mind that your customers’ credit card data is secure. The card data is encrypted at the time of swipe, which is superior technology to that used by the big box retailers currently in the news.
EVO Payments International (EVO) announced its new graphical user interface Clever Pay GUI in Europe. EVO designed this new interface to make payment acceptance for online businesses considerably easier and faster. Clever Pay GUI offers extensions for a number of different shop systems and also brings ready-made code for different programming languages, accelerating the implementation timeframe.
USA Technologies cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries, tannounced a new, exclusive agreement with The Pepi Companies that USAT believes exemplifies the future of integrated cashless payment, telemetry and consumer engagement services. The agreement, designed to span all aspects of Pepi’s business”from vending to micro-market, from mobile payment to cafeteria/food service point of sale”leverages Pepi’s existing cashless-enabled vending network and USAT’s new Integrated Payment Services. Integrated Payment Services, an evolution of USAT’s market-leading ePort Connect® service, was introduced to the vending industry yesterday. Pepsi was USAT’s first customer to initiate a complete conversion to cashless payment and telemetry on its vending machines, a project completed at the end of 2012. Pepi will expand its relationship with USAT by leveraging USAT products, services and add-on integration capabilities across all of Pepi’s other business segments.
Pepi’s integrated service solution will include traditional vending, using USAT’s turnkey ePort® and ePort Connect cashless payment and telemetry products and services. Pepi will also have the ability to integrate other third-party devices certified on USAT’s ePort Connect network. For Pepi’s micro-markets as well as their dining service point of sale, Pepi’s technology partner used QuickConnect to integrate with USAT, for streamlined payment services. In addition, for Pepi’s office coffee services and direct store deliveries, Pepi will use USAT’s ePort Mobile™ solution to integrate payments with other business segments. Finally, USAT’s loyalty and prepaid program, MORE., will be accessible by participating consumers using any of these payment acceptance options for an enhanced consumer experience and loyalty factor”one program for all aspects.
First Data appointed Michael Manos chief technology officer to oversee global technology infrastructure. Manos joins First Data from AOL Inc., where he served as AOL’s chief technology officer and was responsible for global technology and development platforms for all AOL subscription businesses, the industry, technology and media sites, AOL mail and messaging, and global mobile engineering efforts. Prior to joining AOL, he was a vice president at Nokia where he was responsible for the global operations, consolidation and restructuring of service operations for commercial-facing products and services. Before that, he was senior vice president for technical services at Digital Realty Trust where he oversaw the design, engineering, construction, and long-term operation for the company’s data center operations. He has also held leadership positions of increasing responsibility at Microsoft, Walt Disney and Nuclio Corporation.
Payroll employment was up 192,000 units in March for a subsequent .01% change in the unemployment rate from February, which hasn’t moved from 6.7%. This was led by employment in business services, in health care and in mining and logging. The number of unemployed persons sits at 10.5 million with little change since the previous month figure of 10.5 million. Meanwhile, those jobless for 27 weeks or more was at 3.7 million, down slightly from the February figure of 3.8 million. These individuals accounted for 35.8% of the unemployed, a figure which has declined 837,000 over the prior year.
Sam’s Club has finalized a multi-year agreement with GE Capital Retail Bank to extend their existing relationship to provide Sam’s Club-branded credit cards to club members in the U.S. and Puerto Rico. As part of the extension, GE Capital’s Retail Finance business will continue to manage and service the credit card programs for Sam’s Club Savings, Business and Plus members. Under the agreement, the Sam’s Club co-branded credit card programs will be converted to MasterCard later this year, providing members with a broader card acceptance network, as well as more robust features and benefits.