Everlink Payment Services announced Cambrian Credit Union – Manitoba’s 3rd largest credit union (by assets) and the 9th largest in Canada (by assets) – has made the move to Everlink’s Central Card Issuance Solution (CCI) effective June 5th, 2013. With the aide of Everlink’s EMV expertise and solutions, Cambrian will be issuing dual interface debit cards over the next 5 years with the launch of the new card product scheduled for the end of 2013. The Everlink CCI solution enables financial institutions to reliably and cost-effectively produce EMV Chip debit cards from a secure central facility, offering distribution options to send the cards directly to the member/customer or to the branch.
BPC Banking Technologies Open System e-payment solutions for the global financial industry and Alfa-Bank launched an innovative, contactless payment service based on NFC technology for Russian telecom operator Beeline. This new service, using MasterCard PayPass Mobile, enables customers to quickly and securely pay for purchases with their mobile phone. The new solution is available for use on a wide range of handsets and is currently being pilot-tested for the Bank’s customers. Powered by SmartVista, which underpins the Bank’s entire payment processing operations, this new solution was developed very quickly and is seamlessly integrated for smooth and risk free operation.
OpSource, the SaaS delivery experts, has announced Level One compliance with PCI DSS through Trustwave information security and compliance management solutions. Through its Level One PCI DSS compliance validation, OpSource can support any on-line application, regardless of the volume of credit card information stored, processed, or transmitted. This level of compliance validation is required of any service provider supporting customers storing, processing, or transmitting an aggregate of greater than one million transactions or accounts per year. Effectively, OpSource met the 12 requirements in building and maintaining a secure network, protecting cardholder data, maintaining a vulnerability management program and maintaining an information security policy.
PCI compliance mandates for South Carolina merchants and service providers require implementing comprehensive measures, such as developing policies, procedures, while also adhering to PCI mandated best practices. NDB Advisory, with years of experience in assisting companies with compliance mandates, has just launched comprehensive services aimed at assisting South Carolina businesses with the ever-growing PCI provisions. NDB now offers comprehensive PCI DSS services for South Carolina businesses. NDB Advisory, with years of experience in assisting companies with compliance mandates, has just launched comprehensive services aimed at assisting South Carolina businesses with the ever-growing PCI provisions. Services include PCI DSS Readiness Assessments and Gap Analysis findings and Vulnerability scans.
Cubic Transportation Systems payment and information technology and services for intelligent travel solutions, announced that the latest version of their Cubic Payment Application (CPA 3.0) has been successfully “Validated According to PA-DSS v2.0” by the PCI Security Standards Council, and is listed as “Acceptable for New Deployments” on the Payment Card Industry Data Security Standards (PCI-DSS) website. CPA 3.0 is architected to provide optimum performance for securely processing legacy closed-loop payments (such as agency issued transit smartcards) as well as emerging forms of payment including open-loop (bank-issued contactless cards), mobile and EMV payments.
Self-Service Networks introduced the first bundled gift card and automated selling application designed for shopping malls. GiftWise+ delivers Self-Service Networks’ proprietary kiosk; mall-branded, open-loop gift card; credit card payments processing and all required back-end services including funds settlement, reconciliation and regulatory compliance in a single product. In the past, malls contracted with multiple vendors and invested significant staff time away from their core business to administer gift cards. Some shopping centers have eliminated customer service centers due to budget cuts which also eliminated or reduced labor needed to sell gift cards.
In an effort to further improve P2P payments, Computer Services introduced its Social Payments Instant Network (SPIN), which enables banks to provide customers with more direct P2P payment functionality through the company’s mobile and Internet banking applications. CSI’s SPIN eliminates the delay in availability for the receiver, allowing funds to clear in a matter of minutes. This not only means the consumer receives funds faster, but it also leads to a more satisfied banking customer overall. As a component of CSI’s Internet or mobile banking platform, SPIN’s P2P payments technology requires only the 16-digit, fully encrypted debit card number to send payment to any Visa cardholder, which improves adoption among banking customers looking for a quicker transaction process.
Panini global payments technology provider will showcase its comprehensive portfolio of distributed capture solutions for financial institutions, businesses, and merchants at the CIAB Febraban Annual Congress in São Paulo, Brazil. In addition to demonstrating solutions for branch capture, remote deposit capture, point-of-sale capture, and device management, Panini will showcase the two newest capture solutions from its continuous innovation portfolio, Panini Vision neXt™ and Panini mI:Deal™. The Vision neXt is Panini’s new batch capture solution platform, setting new performance standards while delivering robust quality and breakthrough innovations such as an integrated document alignment system. The Panini mI:Deal combines innovation and ease-of-use with “plug & play” connectivity to existing POS systems for maximum functionality and ROI.
Western Union Business Solutions partnered IndusInd Bank Limited to bring its technology platform for making global business and foreign exchange payments to the doorsteps of small and medium-sized enterprises (SMEs). IndusInd Bank has also signed up two of Western Union’s largest agents, Weizmann Forex Ltd and Paul Merchants Ltd, as referral agents to help market the service in India. The service will launch at select Paul Merchants Ltd. and Weizmann Forex Ltd. Western Union locations in 22 cities across the country and aims to provide doorstep service to clients. Customers will be able to request a visit from a trained representative of Paul Merchants Limited or Weizmann Forex, allowing them to book a cross-border transaction from their home or office. This service will be offered under license by IndusInd Bank and will be particularly valuable for small businesses that currently need to commit resource and travel time to arrange payments for international suppliers.
MasterCard announced the launch of a brand new training facility in Kenya to empower the financial services ecosystem with knowledge on various aspects of cashless payments in order to boost acceptance readiness in the region. The training centre, located at MasterCard’s East Africa offices in Eldama Park, off Peponi Road, will be used for training purposes for merchants, retailers and other partners. The facility, which can seat up to 40 people at a time, will be used to host project meetings to enhance awareness of global payments industry best practice in issuance of cards, retail payments and technical aspects of cashless transactions. In addition, the training centre will facilitate workshops to address issues that are important to stakeholders in the payments industry including: the latest MasterCard payment technologies, EMV migration, data security standards, customer service trends and retailer best practices.
SETIS, a Sao Paulo Brazil based developer and integrator of software solutions for EMV payment systems, has joined the MULTOS Consortium, a group of international blue chip organisations responsible for the promotion and development of the MULTOS specifications. In joining the Consortium, SETIS will be able to play an active role in the development and expansion of MULTOS, and benefit from the Consortium’s global marketing and networking resources with Members that span the entire secure smart device business.
SecureKey Technologies identity and authentication announced its “briidge.net” DNA security software and “briidge.net” Enterprise authentication service have been integrated with “MasterPass,” the new digital commerce platform from MasterCard. SecureKey briidge.net DNA combined with Intel Identity Protection Technology (Intel IPT), provides MasterPass wallet holders and merchants with an additional level of hardware-based security to help reduce fraud risk and to help ensure safer, more convenient online payment transactions. Intel IPT helps provide a simple, tamper-resistant method for protecting consumer and business data from threats and fraud. As a feature in all Intel-inspired Ultrabook devices and PCs with the latest Intel Core processors, Intel IPT is a key component in enabling hardware-based two-factor authentication solutions for online websites and business log-ins. The combination of briidge.net DNA and Intel IPT is a result of a collaboration SecureKey established with Intel to enable strong authentication solutions for various vertical market applications.