Ukash Announces Latest Partnership

Ukash online cash payment provider partnered ZapZap mobile payments wallet, to give mobile users the ability to store, manage and spend their Ukash vouchers on the go. This means consumers who don’t want to use debit or credit cards for online transactions can still make the most of mobile transactions. Customers simply download the ZapZap app to their mobile device. In an industry first, customers in the UK, Europe and the Nordics can then scan their Ukash voucher code using their smartphone’s camera and load it into their ZapZap wallet to spend or transfer funds to friends and family without any delay or security concerns. The ZapZap app lets users to send and receive money from any of their mobile contacts abd receive money from contacts anywhere in the world.

Commerce Bank Kicksoff USA Triathlon Visa Card

USA Triathlon and Commerce Bank partnered to offer USA TRIATHLON members a Visa rewards credit card. The card offers reward points with unlimited earnings, bonus point opportunities, as well as no annual fee. Cardholders can redeem points for thousands of items including cash back as statement credits, gift cards, merchandise, or travel. Additional features include select perks such as special offers on travel, fine wine and food, sports and entertainment. Cardholders also benefit from 24/7 customer service and Visa Signature concierge, Visa Zero Liability coverage1, E-Statements and optional AutoPay.

Bindo launches Cloud Based EMV Card Reader

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.

Allied Payment Integrates Solutions to PicturePay

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.

Virtual Piggy Offers Business Update

Virtual Piggy commented on its recent business progress, in particular, its Oink digital wallet and its growth to the 1 million-system user mark. The company subsequently plans to increase the size of this base both in the US and internationally across Europe, and to increase engagement levels with the Oink service. The Company is anticipating significant new partnerships, product launches and marketing campaigns to occur throughout August, September and October. Virtual Piggy prides itself on the security, consent and payer identity functionality within the Oink service for efficient ‘family’ purchasing.

Gemalto to Acquire SafeNet

Gemalto has signed a definitive agreement to acquire 100% of the share capital of SafeNet from Vector Capital for US$890 million on a debt free/cash free basis.SafeNet technology protects over 80% of world’s intra-bank fund transfers and its 1,500+ employees, including 550 cryptographic engineers, serve more than 25,000 customers, both corporations and government agencies, in over 100 countries. In 2013, SafeNet recorded revenues of US$337 million and profit from operations of US$35 million and expects revenues of US$370 million and profit from operations of US$51 million for 2014. The purchase price of US$890 million is self-funded with US$440 million from available cash, and US$450 million drawn from existing long-term credit facilities. The closing of the transaction is expected to occur in Q4 2014, after approval from the relevant regulatory and antitrust authorities.

National Bank of Abu Dhabi commissions NCR

The National Bank of Abu Dhabi has implemented NCR SelfServ 91, a new hardware platform that will help NBAD transform its branches and extend its retail banking footprint. As the latest in branch banking technology from NCR Corporation (NYSE: NCR), the global leader in consumer transaction technologies, NCR SelfServ 91 is a modern, sleek, in-branch ATM that can help migrate low-value transactions from the teller line to self-service, freeing branch staff to focus on sales and customer support. When paired with next-generation NCR Interactive Banker software, SelfServ 91 can complete as much as 90 percent of typical teller transactions and connect in-branch employees to server-based software that delivers fast, real-time customer and transaction data to tablet PCs.