Payment Card Industry (PCI) Payment Application and Qualified Security Assessor (PA-QSA) specialist Coalfire Systems and InstaMed, a Healthcare Payments Network, have issued a white paper on payment card security for the healthcare industry.
The global smart card market will see steady growth due to the increasing emphasis on the Europay, MasterCard and Visa (EMV) standard in the payment and banking vertical. New analysis from Frost & Sullivan, 2014 Global Smart Card Forecaster, finds that the market earned revenues of €5.37 billion in 2013 and estimates this to reach €7.16 billion in 2019. The SIM card segment will account for 42.6 percent of the total revenue while the banking and payment vertical will make up 33.5 percent. The smart card government ID and transportation sectors will constitute the rest. This rapid shift to EMV contactless solutions and the associated large volume of shipments will cause pricing pressures in the smart card market, mainly in Asia-Pacific. A similar case is also expected in the US, where the uptake of EMV and contactless solutions has been considerably delayed. With many companies in the US having already invested in EMV in anticipation of a possible migration, it is uncertain whether these firms will have a positive return on investment.
CardWeb’s CardExecs database today features Charles Harris, President of NetSpend. NetSpend is a wholly-owned subsidiary of TSYS.
More than three out of four mobile applications will fail basicsecurity tests through next year. More than 90% of enterprises use third-party commercial applications for their mobile BYOD strategies, and this is where current major application security testing efforts should be applied.
TSYS and iMobile3 have teamed to facilitate merchants processing transactions from the recently unveiled Apple Pay with the cloud-based PassMarket Platform.. More than10,000 merchants and 5 million consumers are currently using PassMarket-branded mobile storefront applications.
American Express’ U.S. Small Merchant Group has partnered with Birchbox, Bonobos and Rent the Runway to present Online’s Day Off, a two-day event that kicks off with a thought-leadership panel on September 18, followed by a one-day shopping event on September 20.
Two existing payment apps in New York City’s yellow and green taxis, RideLinQ from Creative Mobile Technologies (CMT) and VeriFone’s Way2ride, have to introduce a new and improved passenger payment experience. Now, passengers will have the flexibility to use either app to securely and conveniently pay cab fares using their smartphones in any one of the nearly 20,000 yellow and green taxis in New York City.
The payments industry will need to accomodate smartwearable devices quickly. Global retail revenue from smart wearable devices will treble by 2016, before reaching $53.2 billion by 2019, compared to the $4.5 billion expected this year. The market will be driven by an increase in sales of premium smart watches and smart glasses over the next five years.
SD-based Capital Prepaid Services and its bank partners have launched the reloadable BlazePays Visa® Prepaid Card..The new card is currently issued through First Savings Bank of Beresford, South Dakota, and First National Bank of Ft. Pierre, South Dakota.
NJ-based Horizon Healthcare Services, the state’s oldest and largest health insurer, is leveraging ACI’s UP Bill Payment solution to power mobile, web, IVR, call center, card and ACH payment options on one integrated payment system.
Texas-based ModoPayments has been issued a U.S. patent covering one time use virtual payment account numbers used for payment during merchant to consumer interactions, specifically during in-store purchase transactions.
An increasing number of U.S. issuers are bottom fishing for new cardholders with a secured credit card. The target market is not limited to the financially challenged but also includes prepaid card users.