Fime transaction provider announced its radio frequency (RF) test bench has been officially approved by the NFC Forum, a global association that advances the use of near field communication (NFC) technology. The tool validation process and approval brings official recognition that the FIME RF test bench meets the requirements defined in the NFC Forum specifications, making the tool eligible for testing devices for conformance to the functional requirements outlined by the NFC Forum.The FIME RF test bench evaluates the analog compliance of smart devices, such as mobile handsets and tablets, ensuring product compliance to the NFC Forum Analog Technical Specification. Successful product evaluation through compliance testing and NFC Forum certification allows a device manufacturer to use and display the NFC Forum Certification Mark. It is now available to mobile handset and device manufacturers at FIME’s network of global laboratories, spanning America, Asia and Europe.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Payroll employment was up 175,000 units in February for a subsequent .1% change in the unemployment rate from January, which now sits at an impressive 6.7%. This was led by employment in construction, manufacturing, wholesale trade, and mining fields. The number of unemployed persons sits at 10.5 million showed little change…
The survey of U.S.-based financial industry professionals was conducted in March 2014 at BAI Payments Connect and reports that 44% of customer accounts have been compromised. More than 15% of financial institutions indicated recent breaches put more pressure on fraud operations resources to do more to protect themselves while 12% indicated that they experienced a negative impact on their brand. Over 75% of respondents said they are looking at additional resources to combat fraud in their organizations, of which 50% are looking to invest in fraud detection system technology, 15% are investing in more training for their fraud management teams and 10% are beefing up staff with new personnel. Although data breach-related fraud has a negative impact on the bottom line and on the industry in general, over 40% indicated their customers appreciate the proactive outreach and response to market events.
First Data payment technology and services solutions added Attra Infotech cards and payments services as its first Developer License Program member for the VisionPLUS and AccessPLUS suite of software products licensed by First Data globally. VisionPLUS, is a payment processing solution for financial institutions that enables the issuance and processing of credit, debit, commercial and prepaid cards, as well consumer loans, loyalty and merchant accounts on a single platform. Offered with VisionPLUS is AccessPLUS with a suite of business process management products that drives operational staff efficiency in servicing customers and supports portfolio parameter management. First Data’s Developer License Program further contributes to keeping the VisionPLUS and AccessPLUS suite of products flexible and up-to-date with new market trends and technology.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average credit card APRs are down .1% from the February figure to 15.01% after averaging a meager .04% change over the past year. This reignites the momentum to the ebbing 2014 APR credit card averages and is first time APRs have dropped the entire year. This also follows a relatively lengthy…
Wirecard AG has now integrated host card emulation (HCE) into its Mobile Wallet Platform to better allow telecommunications companies, financial service providers, banks and retailers deploy mpayment NFC solutions. HCE makes it possible to carry out secure, NFC-based transactions for payments and services via mobile apps, regardless of whether a physical secure element (SE) is available on the mobile phone. All data generated during a transaction is therefore no longer stored on a hardware component, but instead on a secure centralised server. NFC host card emulation technology is already standard in Android devices starting Version 4.4. Wirecard emulates a one-off token per transaction, which is used in the EMV transaction, replacing the original card data, which is saved in a PCI-compliant database in a secure server environment.
ebpSource is pleased to announce an agreement with mobile authentication specialists, Encap Security, to market its Smarter Authentication solutions globally. The agreement means ebpSource will offer Encap’s products to new and existing clients in the banking, telecoms, payment processor and service bureau sectors. Smarter Authentication™ is a new approach to online and mobile banking and payment authentication that uses software-based, banking-grade technology to deliver an exceptional customer experience without compromising security. Encap Security’s Smarter Authentication™ is a superior solution to existing hardware and software-based authentication offerings that are both costly and cumbersome for service providers. Smarter Authentication™ allows organisations to deliver innovative services that have been proven to not only reduce risk but also boost online and mobile adoption and transaction rates. Once a user’s device is paired, the user will be asked to identify themselves using a PIN. The device becomes “something you have” and the PIN is “something you know” allowing multi-factor authentication to be delivered with a one-factor user experience. For non-smart mobile devices there is also an SMS alternative. Through the partnership with ebpSource, the Encap-enabled app will be integrated server-side to enterprise systems, online services, identity management, transaction databases and payment processes.
PAY.ON omnichannel payment infrastructure systems, and Worldline, Atos subsidiary for e-payment services, announce a premium strategic partnership to enlarge Worldline’s international e-payment acceptance coverage. Worldline now strengthens its worldwide positioning to better support its customers when operating cross-border and entering new markets and countries. With Atos Worldline, PAY.ON gains another partner, delivering its clients a further connection to the French market. The integration into the PAY.ON Payment Gateway facilitates Worldline the immediate access into a high-performance payment gateway, the processing of transactions in more than 100 countries, and access to more than 350 payment providers and 150 payment brands over a single API. With this enriched geographical coverage, Worldline will be able to even better satisfy the growing needs of its customers, currently spread in 17 countries, and leverage their business globally: Worldline clients can now easily connect to a wide range of foreign acquirers and payment methods for processing of local payment transactions worldwide.
MasterCard today announced the intention to enter into a commercial agreement with Monitise plc to accelerate the development and deployment of mobile wallets and digital payment solutions by financial institutions worldwide. MasterCard also intends to make a minority investment in Monitise. The combination of MasterCard and Monitise’s complementary expertise in developing mobile platforms for commerce and banking is anticipated to result in additional innovative and secure solutions.
VIisa Europe announced new partnerships with fifteen European Internet Payment Service Providers (IPSPs), giving the V.me by Visa digital wallet service access to their extensive e-commerce merchant portfolios, and supporting the continued growth and availability of the multi-market wallet service. The agreements increase the reach of V.me by Visa and as a result, Visa expects many more retailers to have access to V.me and be capable of processing transactions by the end of 2014. The partnerships include First Data, Pensio, Capita Software Services, The Logic Group, Sage Pay, CreditCall, FIS, Verifone, eCard, Dotpay, Worldline, Atos subsidiary in e-payment services, Payline by Monext, Payzen by Lyra Network, Paybox (Point VeriFone) and Be2Bill (Rentabiliweb).
Square launched a complete point of sale and suite of business tools in Spanish for the growing number of Latino sellers across the United States. Square’s signature Register, dashboard of reports and sophisticated analytics, online Market, and mobile products give businesses powerful and affordable tools to start, run, and grow. The complete suite of products are now available in Spanish for Latino sellers across the United States.Square’s free card reader and free software enable anyone to safely and securely accept credit cards and run a business from an iPhone, iPad or Android device. Funds from swiped payments are available the next business day, eliminating the wait for cash flow.
E-Complish has released a new payment system called E-Complish Text2Pay, a mobile text-based service that allows you to accept a wide variety of payment types through SMS Text Messaging Technology. Featuring a SMS platform powered by Telescope.tv, the trusted company behind text voting for American Idol, The Voice, The X-Factor, the NBA and more. E-Complish Text2Pay is designed to guarantee text message delivery, to be compliant with the FCC and Mobile Marketing Association’s Best Practices, and provides easy integration with all E-Complish solutions using their all-in-one online payment system, VirtualPay. This new service has been designed from the ground up to enhance E-Complish’s already diverse payment solutions. Customers will be notified via text messaging of their upcoming bill. Upon entering their preselected PIN, the customer can elect to safely pay their bill through E-Complish Text2Pay, any time of the day, using their securely stored payment information.