FreedomPay unveiled the PCI certified fully-functional, point-to-point encryption (P2PE) payment technology as part of its cloud-based FreedomPay Commerce Platform. With the certification of its P2PE technology by the PCI Security Standards Council – and through key alliances with hardware vendors and validated secure distribution channels – FreedomPay offers a streamlined, cost-effective way for merchants to put their point-of-sale systems (POS) and networks 100 percent out of scope for Payment Card Industry Data Security Standard (PCI DSS) compliance. It ensures against breaches through PCI certified P2PE, complete with EMV technology. It also processes payments using NFC, Magnetic Stripe and PIN Debit. It’s ultimately designed as a one-stop solution for merchants who need secure POS transactions and want the capability to expand their commerce options today or in the future.
Bank of America appoints a new head of Commercial Cards for the EMEA region. Melissa Gargagliano is moving to London to handle the assignment.
Simple is announcing major updates to both its iOS and Android apps. The Simple 2.0 release makes it even easier to stay on top of your financial life. Simple Instant on Mobile lets you exchange money with any Simple customer instantly. Sending money to another Simple customer is as easy as adding them as a contact and transferring funds. Now, you can send money to other Simple customers on the go. Your friend lent you cash? Pay them back immediately. You forgot to pay rent before taking off for a week-long trip? Get money to your roommates on the road, right from the mobile app. They also updated the look and feel of Goals on the web. The updated design of our Android and iOS apps is a key feature of Simple 2.0.
Top Image Systems and BPM (Business Process Management) solutions and MIP (Mobile Imaging Platform) provider, announced a long-term transaction-based deal with Allied Payment Network to implement MobiPAY, TIS’ self-service mobile bill payment application, within PicturePay, Allied’s mobile photo bill pay solution. TIS will work with Allied, its customers and partners to enhance their user experience and continue to automate the bill payment workflow with our advanced MobiFLOW platform for end-to-end processing of bills and related documents.
Visa (VS) and MasterCard (MC) debit card activity ramped up in the second quarter, as Purchase Dollar Volume (PDV) on U.S.-issued debit cards jumped 8.3% year-on-year (Y/Y) in the second quarter of 2014 (2Q/2014) to $457 billion, according to CardData.
Ryanair launched a new payment partnership with PayPal. Ryanair’s 86m customers now have the option to pay for their Ryanair flights using their PayPal account, ensuring even faster bookings on Europe’s biggest travel website. This is the latest in a long line of Ryanair customer improvements, including allocated seating, a second free cabin bag, a new website and app and a dedicated family service, with a tailored business product set to be unveiled in the coming weeks. This will help Ryanair develop its customer experience by making it even easier and quicker for travellers to book and pay for their flights online, expanded to the 152 million active Paypal accounts across the world,
Simon® announced today it will team up with prepaid and payments provider Blackhawk Network to offer an enhanced Visa Simon Giftcard® at select Simon malls, Premium Outlets® and Mills, and online at simongiftcard.com. The Simon Giftcard will also be made available outside Simon centers through Blackhawk’s participating network of grocery stores and other third-party locations.
Quisk, Inc. has been awarded a U.S. patent for enabling consumer activated security for a mobile payment system. Security is acknowledged as a top consumer concern for using a mobile payment system in research surveys from multiple countries.
Meontrust Inc has joined the Fido Alliance to advance the global adoption of strong authentication. The FIDO (Fast IDentity Online) Alliance is a non-profit organization nominally formed in July 2012 to address the lack of interoperability among strong authentication devices as well as the problems users face with creating and remembering multiple usernames and passwords. The FIDO Alliance includes more than 130 member companies, including Google, MasterCard, Microsoft, and PayPal, to name a few. MePIN plans to add FIDO protocol support into their products and to participate in the FIDO Ready™ testing program to help ensure the MePIN app, and other apps built with the MePIN SDK, are interoperable with the rest of the FIDO ecosystem.
GoCoin e-commerce payment solution designed to handle both bitcoin and alt-coins at checkout released its Click-to-Bill feature. Making it even easier for merchants to accept digital currency payments from their customers, Click-to-Bill allows merchants to create invoices and request payment via email or text message directly from their GoCoin Dashboard. Billing is also enabled through the GoCoin API for merchants looking to generate custom WYSIWYG forms.For SMS invoices, a customer receives an alert on their mobile device with a link to view the bill. Clicking it launches their bitcoin wallet, where they are prompted to select their preferred currency and submit the payment.
According to the latest American Express Spending & Saving Tracker, parents expect to spend an average of $529 (46%) of their back-to-school budgets on electronic devices, equipping kids with the latest technology as the new school year begins.
Commerce Bank have come together with The National Wild Turkey Federation to offer NWTF members a Visa® rewards credit card, the only credit card that gives back to the NWTF. The card offers a flexible rewards program with unlimited point earnings, and no annual fee. Proceeds from use of the NWTF Visa credit card will benefit the “Save the Habitat.