American Express OPEN announced enhancements to the Plum Card (www.plumcard.com) to help small business owners better manage cash flow and free up working capital by taking advantage of the card’s built-in trade terms. With ‘Early Pay Discount,’ Cardmembers pay at least 10% of their balance within 10 days of the statement closing date, they will earn a 1.5% discount on the portion they elect to pay. Previously, Cardmembers were required to pay the balance in full to enjoy this benefit. They also get ‘Extra Days to Pay,’ when Cardmembers pay at least 10% of the balance, they can take up to 60 days from the statement closing date to pay the remaining balance without penalties or interest charges. Both options are designed to help Cardmembers better manage cash flow. The payment flexibility allows Cardmembers to adjust to changing business needs and also have the option to choose the most convenient time for the billing cycle to close — either at the beginning, middle or end of the month.
Virtual Piggy made agreements to provide the Virtual PiggyTM service integrated with Spyder Surf and Tahoe Mountain Sports. Virtual Piggy’s system provides merchants a secure mechanism for children to shop online in a parent controlled and monitored, COPPA compliant environment. (www.virtualpiggy.com)
Datacard Group secure ID and card personalization solutions launched its “MX1100” card issuance system. Designed specifically for mid-volume issuers, the MX1100 card issuance system helps financial institutions, government agencies and other organizations take the first step into centralized card issuance with minimal investment. Ideal for issuing highly secure national ID, driver’s licenses, healthcare cards and credit, debit, prepaid and membership cards, the system offers a unique combination of low cost-per-card and proven quality, reliability and ease-of-use for expanding card programs. Its part of Secure Issuance Anywhere platform and provides customers the flexibility to issue, replace and deliver cards anytime, anywhere, with complete security.
EastPay has appointed Debra Arai, AAP, as Director of Risk Management Services. Her primary responsibilities include conducting ACH Compliance Audits, ACH Risk Assessments, and Remote Deposit Capture Risk Reviews. She is also the Product Manager for EastPay’s ProceduresNow! software suite and provides ACH Rules interpretation support to members of the Regional Payments Association. She is located in EastPay’s Charlotte, North Carolina office. Debbie was most recently Vice President, Online Services, at Thurston First Bank in Olympia, Washington. There she held a variety of management roles and was responsible for the retail and commercial product offerings, including product management, implementation, underwriting, risk management, and electronic payments regulatory compliance.
NCR Corporation announced that Central Bank, which services Provo, Utah and the surrounding communities, will deploy 10 NCR SelfServ ATMs to revamp its ATM network. The new ATMs include NCR’s Scalable Deposit Module (SDM) technology, and replace older machines including some from a competing manufacturer. NCR’s Scalable Deposit Module (SDM) is the only ATM technology on the market that allows consumers to deposit both cash and checks simultaneously in any orientation through a single slot. The NCR SelfServ ATMs deployed by Central Bank are designed to meet customer demands for fast, convenient service. NCR’s SDM is the only technology on the market that allows consumers to deposit both cash and checks simultaneously, in any orientation, through a single slot. SDM enables consumers to make a deposit at twice the speed of using a regular ATM.
Elavon payment solutions provider announced its “SAFE-T” Suite security solution now includes support for EMV, providing businesses that process and store cardholder data with greater security for payment transactions. The “SAFE-T” Suite helps businesses protect card data at every step of the transaction process: when it is in use, in transit, or at rest. EMV terminals read advanced algorithms contained on Chip cards to authenticate that the card is not a counterfeit. Point-to-point encryption secures the data from the time a card is presented and as it travels across the payment processing networks. Tokenization replaces actual card data with a unique identifier to protect data at rest in a merchant’s environment, while still allowing it to be used for subsequent business purposes. For any business that processes card-on-file transactions, has a loyalty program, or needs data for customer analytics, SAFE-T Suite offers added peace of mind. It allows for these processes to continue without the risk of exposing actual card data, while making the tokenized data available for future use.
Bluepoint Solutions RDC, item processing and enterprise content management solutions appointed Robert Loughrey, chief technology officer (CTO) to oversee Bluepoint’s product development, quality assurance, professional services and customer support. Bringing with him more than 25 years of experience managing research and product development initiatives, Loughrey is a proven manager of both projects and people, his vision will play a key role in Bluepoint’s continued expansion into bank and credit union markets, as well as the development of new channel partnerships. He was also the senior program manager of PatientSafe Solutions, where he led three major software releases within 15 months and a group engineering manager at Intuit, where he implemented Agile development methodologies like Scrum, which allowed for the quick development and delivery of two leading-edge products.
Digital River enhanced its Digital River World Payments solution to include cloud-based subscription billing, allowing merchants to increase recurring revenue across global markets as well as optimize the entire payment lifecycle from subscription initiation through the commerce transaction and payment. Digital River has offered subscriptions as part of its Global Commerce™ enterprise solution for more than a decade and is now extending that deep experience to the Digital River World Payments solution. The new integrated offering provides merchants access to both global online payment processing and a cloud-based subscription billing service via a single solution, a unique differentiator among competitive subscription solutions. It offers compliance management for subscriptions; customizable billing models; and support during pre-and post-transaction stages.
Mako Networks network management and security company is now certified for a third consecutive year as compliant with the PCI DSS. Having met the more than 200 requirements of the PCI DSS, Mako was the first network management company in the world to pass the rigorous audit process in 2010, the highest security clearance attainable for protecting credit card data. The audit culminates in an annual worldwide Report on Compliance (RoC), issued for 2012 by Verizon Business, which attests to the overall security of Mako’s solutions, including a cloud-based Central Management System, and network appliances installed at customer locations. Merchants that use the Mako System to protect their payment card data can apply the Mako RoC in their own annual audits, drastically reducing the scope and number of technical questions they’re required to complete.
Payment Data Systems electronic payments solutions provider selected the industry leading “Excrypt SSP9000” hardware security module from Futurex for deployment with its “iRemotePay” mobile application. The “iRemotePay” platform is a wireless mobile payments app, initially deployed for the iPhone®, iPad®, and iTouch® to process credit card and ACH payments (e-Checks) over the wireless networks from remote locations and view these payment transactions while away from the office. The “Excrypt SSP9000” is compliant with both current and emerging audit requirements, including ASC X9.24 – Part 1 and Part 2, FIPS 140-2 Level 3, and PCI HSM. During payment transactions, sensitive cardholder data is immediately encrypted at the point of capture by the iRemotePay mobile application and then decrypted by the Excrypt SSP9000 behind a secure boundary, ensuring full end-to-end protection.
First Data Corporation electronic commerce and payment processing announced the First Data PCI Rapid Comply(SM)solution, an easy-to-use online Self-Assessment Questionnaire (SAQ) and vulnerability scanning tool that can help small to mid-sized merchants achieve and maintain Payment Card Industry Data Security Standard (PCI DSS) compliance. The PCI Rapid Comply solution is a merchant-facing, “help-based” web application that can be used to complete the annual SAQ quickly and easily. By answering just a few “pre-SAQ” questions, the PCI Rapid Comply solution can direct merchants to the SAQ version that is right for their business and help pre-populate the appropriate SAQ questions with accurate answers.
Embarcadero Technologies software solutions for application and database development, announced ERPLY cloud-based POS software, used Embarcadero Delphi XE2 with FireMonkey to develop its Windows Point of Sale software and pave the way for a Mac OS X version. ERPLY recently announced a strategic integration with PayPal providing businesses with a new way to accept mobile payments and manage their business operations. ERPLY’s largest deployment has 500 locations and the Windows POS application is now being launched across the retail chain of Elizabeth Arden Corp.