February 2011 • CardFlash® - Payment Card Industry News

Netbiscuits Addresses Growing mPayments Market

9, Country, Priority, UNITED STATESBy Robert McKinley 02/28/2011

Netbiscuits cloud software service for cross-platform development publishing and monetized mobile sites and apps on its “Mobile Web Metrics Report”. Offering up-to-date information on the HTML5 capabilities of top devices in the USA, the UK, Germany, Malaysia and Australia. In addition, the report contains data on the market share of relevant smartphone operating systems on a global, regional and per-market basis and sheds some light on the ratio between dominating versus Long Tail devices on all levels. The information is based on metrics generated from over 4.5 billion mobile pages requests processed by Netbiscuits’ mobile publishing platform every month.

Visa Tourism Spending up 10%

10, CANADA, Country, PriorityBy Robert McKinley 02/28/2011

Canada saw a 10% increase in spending by international
travelers using their Visa cards in 2010. The tourism industry in Canada saw a 10% spending
increase from $5.8 billion in 2009 to $6.4 billion in 2010, thanks in part of course to the
Olympic and Paralympic Games in February and March.
Travelers spent $3.1 billion on general retail purchases, which represented 48% of all Visa transactions by
international travellers in Canada during 2010. Other major merchant
segments included lodging ($932 million), restaurants ($463 million) and
other travel and entertainment ($242 million).
With this, U.S.
travellers spent $3.5 billion within the country, those from the United Kingdom spent $359M; France $316M; China $229M;
Australia $167M; Japan $138M; South Korea $134M; Brazil $117M; Germany $112M; and Hong Kong $106M.

Paymetric & b2b2dot0 Forge Referral Partnership

3, Country, Priority, UNITED STATESBy Robert McKinley 02/28/2011

Paymetric integrated and secure payment acceptance solutions has entered into a referral partnership with b2b2dot0 SAP eCommerce solutions to promote each other’s solutions to their respective SAP All-in-one customers. Paymetric will provide industry leading enterprise payment processing and secure tokenization solutions for b2b2dot0’s roster of clients in the manufacturing and wholesale distribution industries. The partnership will provide new sales opportunities for Paymetric and will provide b2b2dot0 with an enhanced service offering and additional revenue. In addition, Paymetric’s rapidly growing client list will also benefit from this partnership by being given access to b2b2dot0’s On-Demand B2B eCommerce solutions. b2b2dot0’s eCommerce solution extends client’s SAP solution and real-time data to the online ordering process, giving customers that place orders on the Web accurate and personalized information about pricing and product availability.

PacketMotion Delivers Healthcare Data Protection

9, Country, Priority, UNITED STATESBy Robert McKinley 02/28/2011

PacketMotion User Activity Management (UAM) solutions is deploying its “PacketSentry” UAM solution to address Health Insurance Portability and Accountability Act (HIPAA) compliance regulations. PacketMotion’s “PacketSentry secures PHI and healthcare organizations improve their compliance efforts around important regulations in the healthcare industry, including HIPAA, the HITECH Act, PCI DSS, SOX, and state disclosure laws. With advanced HIPAA reporting capabilities that cut audit report preparation from a week to a matter of hours, PacketSentry delivers a comprehensive solution for healthcare compliance that spans all major databases and platforms, including legacy applications that lack proper audit controls.

CARD Act not to Blame For Rate Hikes

2, Country, Priority, UNITED STATESBy Robert McKinley 02/28/2011

The interest rate hike was not a result of the new Credit Card Accountability Responsibility and Disclosure Act, rather from the effect of a rough economy as financial institutions having controlled credit and raising interest rates for risk coverage and revised credit qualifiers. The CARD act did not affect rates or availability, according to the…

Commonwealth Bank Deploys NetBank for Android

10, AUSTRALIA, Country, PriorityBy Robert McKinley 02/28/2011

The Commonwealth Bank has released its NetBank mobile banking app for Android smartphones to customers. After originally introducing a mobile banking platform two years ago, the application is now on the Android platform allowing users to customize screen sizes, resolution and processing times. The popularity of NetBank mobile banking has grown significantly since the iPhone mobile banking launch, the Commonwealth Bank executive general manager for direct channels.

Bluepoint Partners to Expand RDC & Item Capture

4, Country, Priority, UNITED STATESBy Robert McKinley 02/28/2011

Mid-Atlantic Corporate Federal Credit Union and Bluepoint Solutions have partnered to assist credit unions with lower check volumes adopt Check 21-enabled branch capture. Bluepoint Solutions RDC and Item Capture solutions will offer its “ImagePoint” Branch capture platform for a monthly fee without significant set-up costs. Once scanned, check images will be electronically transported to Mid-Atlantic Corporate’s data center for additional processing and clearing. Mid-Atlantic Corporate and Bluepoint have also initiated a conversion program to help credit unions of any size replace first-generation, legacy branch capture and check processing solutions with Bluepoint’s modern ImagePoi nt Branch platform.

Diebold Expands ATM Deployment with Baloise Bank

10, Country, Priority, SWITZERLANDBy Robert McKinley 02/28/2011

Baloise Group insurance companies is set to replace 40 of its Baloise Bank SoBa ATMs with Diebold machines to run on “Agilis” software. Deployed as part of the agreement is the “Opteva” 562 and 522 models, and the 760 and 720 advanced-function ATMs equipped with the enhanced note acceptor (ENA), enabling cash deposit functionality. The ENA enables the deposit of up to 50 mixed-denomination notes in an easy, envelope-free transaction that authenticates and validates deposits, quickly and accurately. The “Opteva” ATMs provide a level of service closer to a branch experience by enabling additional functionality, including deposit automation, advertising and other advanced banking transactions.

DynamicOps Secures Venture Funding, Expands Executive Team

9, Country, Priority, UNITED STATESBy Robert McKinley 02/28/2011

DynamicOps private cloud automation software has closed $11 million in venture funding led by Sierra Ventures. Next World Capital participated, joining Credit Suisse’s Next II venture group in ownership. The company also added industry veterans Les Yetton and Paul Silver to its executive team, and Mark Fernandes to its board of directors. With the help of its expanded executive team, DynamicOps will use the capital from its B round to fund global sales, marketing and development of its private cloud automation solutions. As Chief Marketing Officer, Les Yetton is responsible for facilitating DynamicOps growth and market leadership, directing product management, product marketing and marketing communications and brings with him over 25 years’ experience leading and building companies in emerging, high-growth markets. Paul Silver brings more than 25 years of experience in expanding high-tech businesses to international markets to the newly created role of VP of Sales, Europe at DynamicOps. Mark Fernandes joins DynamicOps’ board of directors and is focused on software investments, and has served on the boards of companies including Sourcefire, Opalis Software and Frontbridge Technologies and Net6.

Tyfone Launches NFC Contactless for iPhone

6, Country, Priority, UNITED STATESBy Robert McKinley 02/28/2011

Tyfone mobile financial services solutions has deployed its iPhone sleeve powered by Dexim, which also designed and produced it. It uses Tyfone’s “SideTap” MicroSD technology to allow existing iPhone users to make mobile contactless payments directly from their phones for a true electronic wallet. Also providing protection for the iPhone, the sleeve has a slot to house the Tyfone SideTap MicroSD card, the world’s first secure memory card integrated with contactless payments technology. A simple tap against a contactless point-of-sale terminal completes the transaction. Tyfone’s technology leaves the memory card functionality completely intact, allowing people to increase the available storage of their iPhones for saving any kind of digital information.

OTI Expands MediSmart Expands With 100,000 New Cards

10, Country, KENYA, PriorityBy Robert McKinley 02/28/2011

On Track Innovations contactless smart card solutions has received an additional order for 100,000 MediSmart healthcare biometric ID cards for use by Kenyan-based Smart Applications International (SMART) healthcare solutions. To date, some 200,000 MediSmart cards have already been issued by SMART and more than 2,000 contactless smart card readers and other device points of service have been deployed at hospitals, pharmacies and general practitioner sites across Kenya. MediSmart, developed by a team of healthcare industry experts at OTI with system process design support by SMART, provides complete medical history, biometric identification (photo and fingerprints) and co-payment options.

Euro Area Economic Index Up .5% in January

10, BELGIUM, Country, PriorityBy Robert McKinley 02/28/2011

The Conference Board Leading Economic Index (LEI) for the Euro Area increased 0.5% in January to 107.5 after a 0.7% increase in December and a 0.7% increase in November. The CEI for the Euro Area, which measures current economic activity, remained unchanged in January at 102.6 (2004 = 100) following an increase of 0.1% in November. The eight components of The Conference Board Leading Economic Index® for the Euro Area include Economic Sentiment Index (source: European Commission DG-ECFIN) Index of Residential Building Permits Granted; Index of Capital Goods New Orders; EURO STOXX Index; Money Supply (M2); Interest Rate Spread; Eurozone Manufacturing Purchasing Managers’ Index; and Eurozone Service Sector Future Business Activity Expectations Index.

Visa held Marketshare in U.S. Credit Card #GDV, Adding 100 bps in 2020, as Discover Delivers Strong CAGR Performance in Q4 dld.bz/jrgJ7 @VisaNews @MastercardNews @AmericanExpress @Discover #payments #creditcards #grossvolume

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#crypto #cryptocurrency #blufamilyoffice #Armbruester #currency #digital #bitcoin #coinmetro #paypal visa #ethereum Crypto draws more attention as Bitcoin surges 270% since March. The rich are ratcheting up investments in digital currencies dld.bz/jpnMB

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Abdulaziz AIDahmash, Head of Digital Banking & Payments of SABB in Saudi Arabia, will speak at the 10th Annual Middle East Banking Innovation Summit in Dubai on March 1st. pyvnts.com ecommerce payments pic.twitter.com/G2RWUjYnsd

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Review Updated List of February 2021 Payments Events dld.bz/jpaPe #retail #payments #ecommerce #retailpayments #ATMs #security #blockchain #fintech #cybersecurity #artificialintelligence #AI

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Updated for 2021 dld.bz/jnMXP #ecommerce payments #retail #POS #moneylaundering fintech #prepaid #cybersecurity

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Monthly Archives: February 2011