Elavon-subsidiary of U.S. Bancorp and a leading global payments provider- released its “SAFE-T Suite” Secure and Flexible Encryption and Tokenization portfolio. Allowing companies to protect data at every point in transaction use, in transit and at rest “SAFE-T Suite” eases the burden of PCI compliance audits and helps reduce the total cost of card acceptance. It supports point-to-point encryption and protects data from the earliest point in the transaction lifecycle with VeriFone hardware-based tamper-resistant security module. Actual cardholder data never enters the payment stream, substantially mitigating the complexities of PCI compliance while meeting stringent security standards. Aside from card data encryption, the “SAFE-T Suite” also supports tokenization with a unique Token ID that replaces cardholder data on the response transaction, protecting data at rest and allowing subsequent transactions and adjustments to be securely processed.
Elavon global payments provider and MICROS Systems information technology solutions for the hospitality and retail industries have forged their partnership. With this development, MICROS’s centrally-hosted “Simphony” enterprise POS solution has been certified to connect with Elavon’s “Fusebox” hosted payment gateway, giving hospitality organizations with the MICROS POS solution the ability to connect to a variety of payment processors. This subsequently eliminates any need to conduct multiple direct-processor certifications, and simplifying upgrades and enhancements since both “Simphony” and “Fusebox” are hosted in secure data centers. Also, “Fusebox” replaces actual cardholder data with unique Token IDs that protect data at rest and stored in POS systems.
TGate Payments announced the certification of “PathwayLINK” payment platform integration with Global eTelecom electronic check, ACH, and Gift/Loyalty card processor. This certification allows merchants using “PathwayLINK” to process their GETI check and ACH transactions through TGate, right along with their credit and debit transactions, while taking advantage of the gateway’s risk mitigation tools, guaranteed funding, dedicated customer support, and web-based reporting for easy reconciliation. It offers independent software vendors a universal payment processing platform that provides a single integration to connect to all major processors. Available for flat-fee monthly pricing, TGate’s integration solution delivers true Payment Card Industry (PCI) compliance, and enables a secure connection to processors via any payment channel for any type of payment.
Chase Card Services announced EMV chip technology is now available on its “Select Visa Signature” card. The “Select” credit card with chip-and-signature technology features both an embedded encrypted chip and traditional magnetic strip to accommodate merchants in the United States. The embedded microchip of chip-and-signature makes the card extremely difficult to copy because the encrypted chip enables the safer processing and storing of data. European financial institutions and merchants have been using chip cards and terminals, so cards with chip-and-signature technology offer more streamlined credit card purchases while traveling in Europe, Asia, Canada and elsewhere abroad. It also offers enhanced security, charges no foreign exchange fees, its “Ultimate Rewards” platform and access to “Visa Signature Luxury Hotel Collection.”
Transaction Wireless multi-channel digital gift card and integrated marketing solutions launched its global B2B digital gift card platform with SpaFinder spa and wellness resource at the International Gift Card Summit. The Transaction Wireless B2B “wCentive” solution reduces operating costs while improving resale and co-branding opportunities by providing merchants and incentive houses with a single, comprehensive system to manage and support multiple B2B accounts, suppliers, and brands. The “wCentive” platform empowers clients to order digital gift cards in bulk with immediate inventory delivery including: single and multiple card distribution, e-code programs, and email and mobile delivery.
BluePay secure payment processing is targeting businesses new to accepting credit cards as well as those switching merchant account providers. Allowing them to save money while enjoying benefits such as low transaction fees; increased sales, online account management and PCI compliance, BluePay announced its latest deal whereby it gives retailers free merchant account terminals. BluePay offers a wide range of processing terminals, including traditional POS processing to retail merchants and virtual terminals allowing merchants to manually enter credit card information from any computer with an Internet connection. It also provides software and account integration, electronic invoicing and recurring billing, pay at the pump processing, B2B capabilities and more.
Fifth Third Processing Solutions payment processor has adopted a new brand, name and logo to Vantiv. Vantiv will continue to leverage its strong partner relationships and enhance investments in its best-in-class system platform, products and customer service. The new brand signals the company’s long-term commitment to product development, innovation and growth. This includes added investment in areas such as eCommerce, mobile payment technology, pre-paid debit, fraud and security prevention and other emerging payment opportunities. The Vantiv brand will evolve over time across different parts of the company and continue to operate from the Greater Cincinnati, Ohio area.
July Systems cloud-based mobile application platform now supports Windows Phone 7.1 (codenamed Mango) into its flagship Mi Platform. This further enhances “Mi Platform” pre-integrated ecosystem of device platforms, social and location networks, ad networks, payment gateways, messaging gateways and retail utilities. This ultimately allows businesses to rapidly deploy and run sophisticated mobile applications. Features from the Mango SDK support Multiple Live Tiles; Fast App Switching; Background Transfer Service; and Push notifications.
Macy’s entered into a $1.5 billion bank credit agreement that will mature on June 20, 2015. It replaces a previous $2 billion facility which was set to mature on August 30, 2012. Joint lead arrangers for the new agreement are J. P. Morgan, Bank of America Merrill Lynch, Credit Suisse, U.S. Bank and Wells Fargo. The company now expects its interest expense in 2011 will be approximately $442 million, which compares to previous guidance of approximately $450 million. The company operates about 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy’s and Bloomingdale’s.
IDG’s “Computerworld” selected Heartland Payment Systems one of the 2011 Best Places to Work in Information Technology (IT), ranking it No. 30 of 100 top organizations that challenge their IT staffs while providing great compensation and benefits, including continuing education programs designed specifically for Heartland employees. In addition to a corporate award submission, the nomination process also included a random, confidential survey of Heartland’s IT organization. Since 1994, Computerworld’s annual “Best Places to Work in IT” feature has ranked the top 100 work environments for technology professionals, based on a comprehensive questionnaire regarding company offerings in categories such as benefits, diversity, career development, training and retention.
WorldRemit now lets South Africans wire funds to any bank account back home for fees as low as GBP2.99 from their home or office, eliminating the need to fill out forms at a bank. The service lets expats send money to any bank account in South Africa using debit cards, credit cards and Interac Online (Canada). The new service offers customers unprecedented convenience and helps them avoid the high fees normally associated with bank transfers. WorldRemit online money transfer business lets users send money to family and friends, now online in over 26 countries.
Developed by Fintech Innovation, Payfirma Corporation has launched its proprietary iPhone Mobile Payment app, also compatible with iPod Touch and iPad. Free to download from Apple’s iTunes App Store, it can be activated remotely by any merchant account customer of Payfirma’s, and the optional card swiper can be purchased directly from the Company. Payfirma’s proprietary app lets any business or consumer accept all major credit cards securely on an iPhone, iPod Touch or iPad. Users can swipe or manually input a credit card, capture a digital signature on the screen, and authorize the transaction within 10 seconds. A customizable receipt can then be emailed directly to the customer from within the app.