American Express launched a new Use Points for Charges feature available in the American Express mobile app that gives eligible Card Members the option to redeem Membership Rewards® points for practically any purchase, from gas and groceries to clothing and manicures, all on their smartphones. Unlike rewards programs that only allow customers to redeem from a pre-selected list of options, Card Members now have the power to design their own rewards program and treat themselves by redeeming points for almost any purchase with an eligible American Express Card.
hyperWALLET Systems global payment solutions is integrating its payment services with the PayNearMe electronic cash-transaction network. PayNearMe allows consumers to use cash to buy goods online, pay utility bills, make rent payments and repay loans, all via convenient printable or mobile barcode technology. PayNearMe’s innovative cash-payment option is processed at nearly 10,000 participating 7-Eleven® and ACE Cash Express® stores across the US. The integration with PayNearMe will enable hyperWALLET, whose global payment solutions and brandable prepaid-card products are utilized by over 150 corporations worldwide, to offer cash as a payment acceptance option for the first time. This new cash-payment acceptance capability will be available to hyperWALLET’s customers in early 2014.
Fundtech enlisted Customers Bank and its 14 branches to deploys its “ACHplus” to improve ACH automation. Fundtech’s ACHplus automates mission-critical ACH processes to allow U.S. banks to scale up the volume of their ACH business significantly, while at the same time reducing cost, improving customer service and increasing customer loyalty and profitability. With ACHplus, Customers Bank gets a single ACH research facility, enabling the bank to streamline ACH processing and reduce risks, such as human error and potential fraud.
Acculynk is now offering U.S. merchants the capability to accept China’s Union Pay PIN debit cards on their Chinese websites using the PaySecure International graphical PIN pad for UPOP authentication. U.S. e-commerce merchants interested in tapping into the large number of consumers in China must be able to accept Chinese payment methods, as well as authenticate a Chinese cardholder in order to make the sale. PaySecure International provides U.S. merchants the ability to accept and authenticate Union Pay cards with the same PaySecure PIN pad used for internet PIN debit transactions with U.S. cardholders. Airbnb, the world’s leading marketplace for booking, discovering, and listing unique spaces around the world, will be the first U.S.-based merchant to leverage PaySecure International to access the more than 3 billion UnionPay PIN debit cardholders. Chinese customers can now use their UnionPay debit cards to secure accommodations at one of Airbnb’s 300,000 listings worldwide.
CPI Card Group EMV and commercial card production received recognition in a new member program from the Smart Card Alliance called the Center of Excellence. The Smart Card Alliance Center of Excellence is a new recognition established by the Alliance in 2013 to acknowledge member companies who reach the highest level of active participation in the Smart Card Alliance. Inclusion in this elite level is directly related to a number of accomplishments and involvement companies have demonstrated in 2012-2013, including: Industry Council recognition for Honor Roll membership or Top Contributor to one or more of the Alliance’s Industry Councils; council officer position elected by peers; LEAP/CSCIP training and certification; corporate CSCIP training and certification participation; and supporting membership in the EMV Migration Forum.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data released its “SpendTrend” analysis for Oct. 1, 2013 through Oct. 30, 2013 compared to the year ago period, tracking same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations. Dollar volume growth in October was 6.8%, a healthy uptick from…
FreedomPay is teaming up with Microsoft in an effort to extend mobility past the simplicity of a phone or tablet application and integrate mobility into the underlying business processes of enterprises through the use of their Payments Platform as a Service offering. To harness the power of mobility, enterprises must unify consumer and inventory data across disparate back end systems – CRM, POS, etc, and link a consumer’s identity across multiple outlets – Facebook, Skype, Xbox, mobile, and credit cards that will result in a 360-degree view of the customer. Enterprises can then deliver targeted incentives to consumers based on their interests and buying habits to drive the desired behavior. A simple app can’t do that; you need a platform. The FreedomPay Commerce Platform includes mobile payments and incentive technologies that work with live POS systems, a state-of-the-art gateway that transmits exceedingly detailed transaction data, and rigorous security tools.
VeriFone introduced UX Solutions unattended payment devices to improve transaction security, speed and reliability for vending machines and other self-service environments, including parking meters, petroleum pumps and ticketing machines. VeriFone’s UX series of unattended payment devices enables merchants to meet growing consumer demand for self-service transactions by providing customizable payment systems that securely increase transaction volume and speed and accept payments from mobile wallets, EMV and mag-stripe cards. UX Solutions fulfills the latest security standards, including PCI PTS 3.1 and EMV Levels 1 and 2. Integrated LCD screens guide consumers through transactions and securely display payment amounts while providing merchants the ability to upsell through targeted messaging.
NCR announced First Data certified NCR APTRA Interactive Teller for its network allowing First Data FI ATM clients to use the solution for standard ATM transaction processing. APTRA Interactive Teller gives a live teller remote control of an ATM to conduct two way audio/video transactions with customers. The efficiency and security created through the centralization of tellers enables financial institutions to transform their branch locations into more effective service and sales environments. APTRA Interactive Teller lets financial institutions offer access to teller services during non-traditional banking hours, build new small-footprint branches, and provide full teller services in areas not served by branches, all while taking advantage of the advanced features of NCR ATMs such as deposit automation, bill pay and new account and loan initiation.
Datacard Group and Barnes International Chip Card Test Tools and Magnetic Stripe Analysers integrated the Barnes smart card verification technology into the Datacard MX Series Quality Assurance (QA) module. The Datacard QA module systematically verifies both optical and electronic elements of each card that passes through the MX Series Platform to confirm accurate card personalization. By integrating the Barnes smart card verification technology into the QA module, financial organizations and commercial bureaus will now have the ability to easily verify that smart cards which are also run through the module are EMV compliant and conform to payment system operator’s requirements.
Ingenico will support JCB in the development and deployment of its new J/Speedy EMV contactless technology by enabling J/Speedy on Ingenico’s Telium 2 platform.
JCB is the only global payment brand based in Japan offering a comprehensive range of brand services to over 24 million merchants and 80 million card members around the world. Ingenico and JCB are now partners for the development, integration and the international deployment of J/Speedy, JCB’s contactless payment solution, starting mid-2014, to provide a simple, fast, and convenient way to pay.
Fibernet Internet Service Provider passed PCI and SOC 1 Type II Certification security standards. It also received SSAE16 SOC 1 Type II certification. The attestation awarded to Fibernet by Cadence Assurance. All data centers must complete the certification requirements of PCI security. Regulations involve the human resources training programs, restriction of personnel who have physical access to the data center, and protection against environmental hazards. Fibernet Corp. has completed SOC 1 Type II certification, which requires demonstrable compliance to the standards for an entire year; Type I certification only requires compliance at the time at the time of attestation. Fibernet Corp is one of the first businesses to become an approved service provider by the credit card industry.