Volante added Institutional Cash Distributors Technology, LLC, the technology arm of ICD. ICD is a world leader in the provision of institutional investment and risk management tools. ICD’s selection of Volante Designer was driven by the firm’s need to process and transform multiple different data formats using a suite of technology tools that integrated seamlessly with their existing development foundation. Volante Technologies offers easy-to-use, fast and innovative data-transformation tools. Clients use Volante’s products for SWIFT and other messaging standards as well as for the adaptation of their own internal data formats for integration with back-end applications. Volante’s solutions can easily meet new requirements brought about by changing regulation; an on-going and ever-evolving challenge for financial services firms. Volante solutions are both scalable and efficient, enabling businesses to focus on growth rather than the efforts and costs associated with messaging transformation and integration.
InterWallet entered into an agreement to place 1,000 of its multi-functional kiosks with Open Payment Solutions, LLC. InterWallet manufactures cutting edge ATM like kiosks capable of providing a multitude of services to mainstream America including access to 10,000 Billers (bill pay), Phone Cards, Pre Paid Debit Cards, Movie and Show tickets as well as the capability to offer a multitude of services to the under banked and un-banked.
i2c, Inc. today announced that Caledonian Bank Ltd., a division of Caledonian Global Financial Services Inc., is leveraging its global platform for next-generation card processing.
CardConnect has deployed Ingenico as their EMV chip-based payment acceptance technology and point-to-point encryption (P2PE) co-development partner to their 50,000 merchant customers in the United States. CardConnect is leveraging the entire value chain of Ingenico’s payment offerings from EMV- and NFC-ready payment devices to highly trusted On-Guard data encryption solution. The all-integrated payment processing solutions will enable merchants to secure cardholder data and conveniently accept all payment means across multiple channels, including in-store, mobile, and unattended transactions.
The PayRange system includes Blukey™ hardware, a mobile app and service, and is poised to be the world’s simplest payment solution for machines. When users are in “PayRange””or about arm’s length from the machine”they receive an alert and can then immediately “swipe” their finger on their smartphone’s touchscreen to send payment to the machine via a Bluetooth LE connection.
The Diebold 429 ATM intelligent-powered ATM is designed to use as little as 70 watts of power, consuming up to 40 percent less energy than other models. Currently available in the Indian market, the Diebold 429 ATM could save enough energy annually to power more than 1,200 Indian households. The Diebold 429 offers a solution for financial institutions to better serve people living in areas with limited power. In India for example, approximately 40 percent of the country’s population is underbanked. Diebold was the industry’s only global ATM provider with the ability to deliver a workable solution that met India’s uninterruptible power supply requirements. Diebold is delivering 2,100 Diebold 429 ATMs for India’s Bank of Baroda (BoB), making it possible for BoB to expand self-service options to locations – and consumers – it could not previously reach. The system automatically chooses which power source to draw from – either the internal battery or alternating current (AC) power grid – ensuring that the unit does not exceed 100 watts of power usage.
Visa and PULSE signed agreements to enable financial institutions that issue EMV debit cards on both the Visa and PULSE networks to use Visa’s common debit solution. Visa’s common application identifier (AID) supports U.S. debit regulations requiring the ability to route transactions over multiple, unaffiliated networks. A common debit solution shared among all participants will help to accelerate EMV chip adoption in the United States and provide a uniform platform that will enable network innovation. PULSE will use functionality on Visa’s common AID to facilitate all types of point-of-sale debit transactions on its network. In addition, the agreement enables PULSE to facilitate domestic ATM transactions on its network and provides for issuer choice in the routing of ATM transactions.
USA Technologies enhanced its ePort Connect service that expand and strengthen its menu of value-added cashless payment, telemetry and consumer engagement services designed for self-serve retailing industries such as vending, amusement and arcade, commercial laundry and kiosk. The upgrade includes special enhancements such as secure card tokenization, new capabilities designed to optimize USAT’s loyalty and prepaid program, MORE., in micro-market environments and new operational tools designed to provide customers additional real-time data about the status of their connected devices. Information regarding some of the latest enhancements to ePort Connect® follows.
Sionic Mobile announced it has added and now features the ability to pay with Google Wallet in its ION Rewards® app for Android, available for free in Google Play. For a limited introductory period, users will get paid double ION rewards, two percent of their purchase amount, each time they checkout using the “Buy with Google” option. ION is the first fully digital cloud-based mCommerce platform and may be used at more than 25,000 retail and restaurant locations including Lowe’s, Staples, Sephora and Papa John’s Pizza.
SmartMetric expects that its motions which it has brought in its patent infringement law suit against both Visa and MasterCard to be heard by the US Federal Circuit Court this coming May.
If, as expected, the Court’s hearing is held in May, then a ruling can be reasonably expected by June 2014. SmartMetric is asking the Federal Circuit Court to make a ruling on its motions before the Court that both defendants, Visa and MasterCard are in control of the EMV technology used on the new chip credit and debit cards and therefore are liable as patent infringing parties. In representations to the court Visa and MasterCard have denied they “control” the offending technology therefore should not be held liable. SmartMetric believes this to be a preposterous position of the card company’s especially in the light that both company’s expert witnesses under oath in deposition have acknowledged that Visa and Mastercard do control the technology.
GlobalPlatform has qualified the Collis Compliance Test Suite for GlobalPlatform Common Implementation Configuration for Amendment D and E. The Collis Compliance Test Suite for GlobalPlatform Common Implementation Configuration implements the official test plan developed for the GlobalPlatform Compliance Program. The test suite ensures the compliance of the core features of a card that implements GlobalPlatform Card version 2.2.1 technology. This includes the enhanced security options from Amendments D and E. This test suite has achieved qualified status under the GlobalPlatform Compliance Program. GlobalPlatform has extended its compliance program to provide a formal framework that enables the creation and qualification of test tools that can now be used to confirm the compliance of a card product to the association’s Card Specification and different configurations.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Leading Economic Index® (LEI) for the U.S. was up 0.5% in February to 99.8 after a 0.1% increase in January and a 0.1% drop in December. The LEI increased sharply in February, compared to recent monthly figures, suggesting weather-related stifling is over and consumer spending in 2H/14 will…