PayPal and Samsung this afternoon announced a collaboration that will make Samsung Galaxy S5 users the first to be able to login and shop at any merchant that accepts PayPal on mobile and in-stores with only their fingerprint. The new secure, biometric feature means Galaxy S5 users will no longer need to remember passwords or login details across millions of PayPal merchants. PayPal will be the first global payments company to support Samsung’s mobile fingerprint authentication technology.
The U.S. Patent and Trademark Office will formally issue U.S. Patent No. 8,660,955 to PSCU on February 25, 2014 for PSCU’s CardLockTM fraud prevention innovation, which was introduced to the CUSO’s Member-Owner credit unions in 2009. The patent documents categorize the fraud prevention service, CardLock, as a “method and apparatus for consumer-driven protection for payment card transactions.” The CardLock solution works in conjunction with PSCU’s fraud detection and prevention platform and enables cardholders to easily block and unblock authorizations on cards they register with the service. Cardholders can manage the authorization status of their cards through any of three channels – phone, web and mobile.
ROAM has expanded its mPOS solutions to include chip & PIN acceptance with the RP750x mobile card reader . This new cloud-based solution is fully compatible with ROAM’s mobile commerce platform, making ROAM the leading mPOS solution provider supporting new mPOS players with all mobile card acceptance types: magnetic stripe, NFC, chip & sign and chip & PIN. Combining state-of-the-art mobile payments technology from mPOS innovator ROAM with the global EMV expertise of Ingenico, the RP750x is the most flexible and secure chip & PIN device on the market.
Broadcom Corporation introduced the next-generation of near field communication (NFC) controllers designed to deliver simplified connectivity and drive adoption in mass market smartphones and wearables. The new family enables mobile device manufacturers to reduce antenna size by 50 percent and lower overall cost by 35 percent. Broadcom’s BCM20795 NFC family provides original equipment manufacturers (OEMs) with highly integrated, low-power solutions that can be easily incorporated into a wide range of smartphones and tablets. The new controllers reduce power consumption more than 60 percent, use 30 percent fewer components and a 35 percent smaller board area than previous generations. The devices are also compatible with Broadcom’s Wireless Internet Connectivity for Embedded Devices (WICED™) platform.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Leading Economic Index for the U.S. increased 0.3% in January to 99.5 (2004 = 100), following no change in December, and a 0.9 percent increase in November. Continuing to fluctuate on a monthly basis, the LEI six-month average growth rate has been relatively stable in recent months, suggesting…
BlueSnap released BuyNow2, the next generation of hosted checkout pages that make it easy for merchants to sell their products in 180 countries, serving up localized pages in 29 languages, with 60 currencies and 110 payment types on any device. Unlike other payment solutions that place the burden of development on merchants, the pre-configured BuyNow2 checkout provides dynamically localized pages, A/B testing capabilities and instant PCI compliance, helping merchants serve customers and easily convert more shoppers to buyers worldwide.
The NFC Forum will hold a special event for software developers on March 21 in from all industries to discover where NFC technology and the “Internet of Things” are headed in 2014. The “Spotlight for Developers” brings together top names in mobile devices, consumer electronics, software, and wireless technology. The event showcases NFC integration in innovative new products, services, vertical markets, and software, leading to valuable new opportunities for developers. Presenters are leading authorities on smartphone platforms, including Android™, Blackberry® 10 OS, and Windows Phone. NFC in Action – a look at how NFC technology is currently improving the lives of consumers — and the bottom lines of businesses — across several industries, such as air travel & transportation, consumer electronics, and health care.
TSYS announced that it has increased its stake in its Central Payment Joint Venture (CPay) from 60 percent to 75 percent. Central Payment founders Matt and Zach Hyman have committed to lead the company as Co-Managing Directors for an additional three years. Central Payment is a direct merchant acquirer servicing small- to medium-sized merchants through an Independent Sales Agent (ISA) model. Founded in 2005, Central Payment focuses on merchants in the restaurant, personal services and retail sectors. In 2012, Central Payment was named one of the fastest growing private companies in the United States by Inc. magazine for the fourth consecutive year.
ABnote, a leading global card manufacturer and provider of NFC and Trusted Service Manager (TSM) based solutions, announced it will integrate its existing TSM service with SimplyTapp’s Host Card Emulation (HCE) platform, creating the payment industry’s broadest offering of secure, cloud-based NFC solutions. The combined service will be hosted securely within ABnote’s certified global network of data centers, and will support both standard Secure Element (SE) cloud implementations and token based solutions. This service represents the first of its kind, allowing traditional retailers and financial institutions to compete through innovation with companies such as PayPal and Stripe. The combined HCE offering will be launched on April 1, 2014. The solution represents a two for one solution for financial institutions and retailers’ closed loop, decoupled debit, and open loop p payments. This will allow them to move into a more secure model than magnetic stripe, and at the same time satisfy mobile payment initiatives; all while leveraging existing infrastructure.
Fiserv announced that Sussex Bank has selected the Premier(R) bank platform from Fiserv and a wide array of additional solutions. To meet increasing consumer demand for 24/7 financial services, Sussex Bank selected several self-service digital solutions, including solutions for mobile banking, remote check capture, payments and online banking. Popmoney(R) from Fiserv will enable Sussex Bank’s customers to send and receive person-to-person or social payments, while Mobile Source Capture(TM) will facilitate secure check deposits from consumers and small businesses using a smartphone camera. In addition to Premier, Business Analytics, Director, Business Process Manager, Popmoney and Mobile Source Capture, the bank selected the following innovative Fiserv solutions: Accel(TM) payments network, Business Continuity Services for disaster recovery, Branch Source Capture(TM) for check capture, CheckFree(R) RXP(R) and CheckFree(R) Small Business for bill payment and presentment, Data Vaulting(TM) for automated data backup and storage, Integrated Teller for real-time customer and account information, Mobiliti(TM) for mobile banking, Retail Online(TM) and Business Online(TM) for online banking, TransferNow(R) for online funds transfer, and WireXchange(R) for wire transfers.
Thanks to MyBank, the customers of Zurich Connect in Italy can now pay their insurance premiums via online and mobile banking safely and simply through their bank.
MyBank will allow to all the holders of a current account opened within many banks now enabled to acquirer via online their insurance premiums on Zurich Connect site with just a couple of clicks. By offering MyBank on its website, the online insurer provides its customers in Italy with a convenient and secure payment method based on the online banking environment they know and trust. The cooperation between Banca Sella, that offers MyBank payment option throughout GestPay Payment Gateway, and the Italian online company Zuritel, owner of Zurich Connect brand, (http://www.zurich-connect.it/), has made possible for the largest insurance company in Italy to offer payments via MyBank.
ID TECH is proud to announce the release of their PCI 3.x certified modular PIN entry device, the SmartPIN B100. The SmartPIN B100 is designed for outdoor unattended POS operations such as at ATMs, fuel dispensers, kiosks, vending machines, and other POS systems that accept credit and debit payments. With its robust, waterproof, and vandal preventive structure, merchants and consumers can be confident that SmartPIN B100’s tamper resistant architecture will protect any financial data from being compromised.