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.
BPC Banking Technologies Open System e-payment solutions implemented its comprehensive fraud monitoring and prevention solution, SmartGuard at Tsesnabank. SmartGuard is one of the range of payment solutions available within BPC’s SmartVista suite and monitors 100% of authorization traffic across all channels to detect and prevent fraudulent transactions – stopping fraud before it happens. Tsesnabank was a BPC SmartVista client already and the addition of SmartGuard to its existing payments infrastructure was achieved quickly and smoothly thanks to SmartVista’s sophisticated architecture.
Isle of Wight Festival goers will will experience the benefits of automatically topping up their contactless prepaid MasterCard PayPass wristbands and also using them to access the event. Now, 13,000 ticket holders will receive PayPass wristbands before they come to the event, making entry to the site and grabbing a bite to eat even easier, using Radio Frequency Identification (RFID) technology. Data is transferred safely and securely from the tag attached to the wristband to the contactless readers installed in many locations around the festival. For purchases of GBP20 or less, all users have to do is simply tap their PayPass wristband on the reader, removing the need to dip a card, enter a PIN or provide a signature.
Coalfire Systems PCI Payment Application and Qualified Security Assessor (PA-QSA) company announced healthcare providers will reduce the scope of PCI compliance requirements with InstaMed, the leading Healthcare Payments Network. InstaMed’s Payment Card Encryption, integrated with MagTek®’s MagneSafe Security Architecture and secure payment card devices, enables providers to significantly reduce and nearly eliminate their risk of a data breach.
Globally, 66% of airline merchants are seeing fraud levels stay the same or increase as they lose 1.5% of booking revenue to fraudulent transactions, according to the global Perfect Passenger Payment insights report, commissioned by WorldPay. With 29% of airlines reporting that incidents of fraud have risen in the past year, there is in place a robust screening process when buying tickets online. With this, 71% of consumers would prefer a slower payment process with more rigorous security checks than a faster process with fewer checks. The global study surveyed 51 airline merchants including low cost, regional and global airlines and 4,500 consumers from the US, UK, China, Japan, Brazil, Finland, Spain, Germany and France to explore views on the online booking process for buying airline tickets.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] As the US unemployment rate was up in May from the April figure of 8.1% to 8.2%, total card chargeoffs were up 27 basis points from the March figure of 5.17% to 5.44%. This after months of cardholder pay-downs, having not seen an uptick since August 2011. The negative impact on…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Running counter to multiple negative economic indications this month, the Conference Board Leading Economic Index just released figures up 0.3% for May to 95.8 (2004 = 100). Indicating a strengthening consumer outlook on the US economy- despite racking credit card debt and mounting card charge-offs, this follows the general trend over…
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WePay online payment acceptance partnered Fundable.com to power payments for the company’s crowdfunding platform. The WePay API enables companies like Fundable to allow their users to start accepting payments instantly, without requiring users to have a pre-existing merchant account. The Marketplace API provides Fundable with a fully compliant payment solution, without compromising the platform’s user experience. The recently passed JOBS Act (also known as the Crowdfunding Bill), which will allow startup companies to publicly raise money from non-traditional investors, has led to explosive growth in the crowdfunding space.
USA Technologies cashless payment and M2M telemetry solutions for self’serve, small’ticket retailing industries, provided shareholders with a review of its nominees for election to the board of directors at the upcoming 2012 Annual Meeting of Shareholders to be held on Thursday, June 28, 2012 at 9:00 a.m. As part of its aggressive turnaround strategy, the USAT Nominating Committee and executive leadership identified several key areas of experience that they considered to be critical to enable USAT to continue its growth trajectory.
Virtual Piggy announced the expansion of their financial payment system to support monthly subscriptions to teens and tweens, who can now purchase subscriptions within games and other online digital media services by using their Virtual Piggy accounts. The “Fanlala” social entertainment and lifestyle destination for tweens and teens, focusing on entertainment and lifestyle news, will be one of the first companies to integrate the Virtual Piggy subscription payment model.