Fiserv announced that Navigant Credit Union selected its DNA account processing platform from Open Solutions, now part of Fiserv, to better serve its 62,000 members. DNA from Fiserv is the first open, relationship-centered core banking platform built for global collaboration, offering a 24/7 continuous, real-time platform that employs a relational data model designed around the person, not the transaction, so Navigant staff can securely view complete profiles of their retail and commercial customers by person, product or account. Navigant can easily enhance DNA with solutions from Fiserv, third-party partners and applications developed by other DNA clients. The credit union will have access to the DNAcreator™ development toolkit, which allows the credit union’s technical staff to create and sell custom core extensions called DNAapps™ to other financial institutions via the DNAappstore™ — the first online marketplace for core innovation and collaboration through shared custom applications.
OpSource, the SaaS delivery experts, has announced Level One compliance with PCI DSS through Trustwave information security and compliance management solutions. Through its Level One PCI DSS compliance validation, OpSource can support any on-line application, regardless of the volume of credit card information stored, processed, or transmitted. This level of compliance validation is required of any service provider supporting customers storing, processing, or transmitting an aggregate of greater than one million transactions or accounts per year. Effectively, OpSource met the 12 requirements in building and maintaining a secure network, protecting cardholder data, maintaining a vulnerability management program and maintaining an information security policy.
In an effort to further improve P2P payments, Computer Services introduced its Social Payments Instant Network (SPIN), which enables banks to provide customers with more direct P2P payment functionality through the company’s mobile and Internet banking applications. CSI’s SPIN eliminates the delay in availability for the receiver, allowing funds to clear in a matter of minutes. This not only means the consumer receives funds faster, but it also leads to a more satisfied banking customer overall. As a component of CSI’s Internet or mobile banking platform, SPIN’s P2P payments technology requires only the 16-digit, fully encrypted debit card number to send payment to any Visa cardholder, which improves adoption among banking customers looking for a quicker transaction process.
Self-Service Networks introduced the first bundled gift card and automated selling application designed for shopping malls. GiftWise+ delivers Self-Service Networks’ proprietary kiosk; mall-branded, open-loop gift card; credit card payments processing and all required back-end services including funds settlement, reconciliation and regulatory compliance in a single product. In the past, malls contracted with multiple vendors and invested significant staff time away from their core business to administer gift cards. Some shopping centers have eliminated customer service centers due to budget cuts which also eliminated or reduced labor needed to sell gift cards.
Cubic Transportation Systems payment and information technology and services for intelligent travel solutions, announced that the latest version of their Cubic Payment Application (CPA 3.0) has been successfully “Validated According to PA-DSS v2.0” by the PCI Security Standards Council, and is listed as “Acceptable for New Deployments” on the Payment Card Industry Data Security Standards (PCI-DSS) website. CPA 3.0 is architected to provide optimum performance for securely processing legacy closed-loop payments (such as agency issued transit smartcards) as well as emerging forms of payment including open-loop (bank-issued contactless cards), mobile and EMV payments.
PCI compliance mandates for South Carolina merchants and service providers require implementing comprehensive measures, such as developing policies, procedures, while also adhering to PCI mandated best practices. NDB Advisory, with years of experience in assisting companies with compliance mandates, has just launched comprehensive services aimed at assisting South Carolina businesses with the ever-growing PCI provisions. NDB now offers comprehensive PCI DSS services for South Carolina businesses. NDB Advisory, with years of experience in assisting companies with compliance mandates, has just launched comprehensive services aimed at assisting South Carolina businesses with the ever-growing PCI provisions. Services include PCI DSS Readiness Assessments and Gap Analysis findings and Vulnerability scans.
Three leading payment technology companies have combined specialties to produce an award-winning payment solution. Praxell, a prepaid card program manager; card marketing and production partner Arroweye Solutions, Inc.; and secure payment and ID solution provider ABnote have combined their capabilities to produce and fulfill an award-winning, first-ever combination municipal identification and banking card. The card program, developed by SF Global for the City of Oakland, California offers a secure identification and banking solution to the unbanked community. Arroweye’s patented digital on-demand technology enables the high level of customization required to produce each individual card, which includes a photo ID and other personal identification information. ABnote manufactures secure cards which are very effective against reproduction and tampering, like the technology used on other ID documents such as a driver’s license and a national ID.
First Data Corporation introduced the next phase of “Pogo>,” a mobile payment solution for the small business and emerging merchant community in the U.S. The “Pogo>” solution is a business-grade solution that enables credit, signature debit and cash acceptance anywhere in the U.S. the merchant has wireless coverage. It allows a merchant to combine a web-enabled smartphone or tablet with a mobile application and secure mobile card reader to create a POS device that leverages First Data’s proven technology, infrastructure and broad distribution channel including relationships with financial institutions and others. According to the Aite Group, 50 percent of merchants claim they would not shift to a non-bank service provider1, suggesting many merchants prefer working with a trusted bank partner for their end-to-end financial needs.
HyperWallet global payment solutions made available 5 new payment destinations and services. This new payments availability enhances hyperWALLET’s global coverage to now include 59 countries / territories for direct-to-bank account transfers, and 29 supported currencies. Going forward, hyperWALLET plans to further expand its international payment network by adding Thailand, Malaysia, Pacific Islands, Colombia, Chile and Nigeria in the near future.
SecureKey Technologies identity and authentication announced its “briidge.net” DNA security software and “briidge.net” Enterprise authentication service have been integrated with “MasterPass,” the new digital commerce platform from MasterCard. SecureKey briidge.net DNA combined with Intel Identity Protection Technology (Intel IPT), provides MasterPass wallet holders and merchants with an additional level of hardware-based security to help reduce fraud risk and to help ensure safer, more convenient online payment transactions. Intel IPT helps provide a simple, tamper-resistant method for protecting consumer and business data from threats and fraud. As a feature in all Intel-inspired Ultrabook devices and PCs with the latest Intel Core processors, Intel IPT is a key component in enabling hardware-based two-factor authentication solutions for online websites and business log-ins. The combination of briidge.net DNA and Intel IPT is a result of a collaboration SecureKey established with Intel to enable strong authentication solutions for various vertical market applications.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data SpendTrend analysis for May 1-31, 2013 compared to May 1-31, 2012, tracking same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations, showed dollar volume growth increased 6.0% in May compared to April’s 5.1% growth. The warmer weather across the…
Ogone global online payment services specialist upgraded its on-line fraud protection package with the latest detection technology tools and launched a new product, Ogone “Fraud Expert.” Merchants are being offered improved protection against online fraudsters which features the added benefit of helping those merchants increase their online payment revenues by reducing the rejection of legitimate transactions and the costs relating to automatic or manual checks. This provides them with the ability to relax the automatic transaction blocking criteria, while, at the same time, benefiting from an ‘expert safety net’ of a second level of protection for any transaction identified as “dubious”. Ogone Fraud Expert comprises of: a set of over 20,000 control rules configured and maintained by Ogone’s specialist fraud experts, device fingerprinting for detecting suspect behaviour, a pooled knowledge database, industry specific templates and finally, the option of outsourcing on demand transaction reviews to a group of permanently available (24/7/365) fraud experts for investigation.