2012 • CardFlash® - Payment Card Industry News

MasterCard Extends PGA TOUR Marketing Relationship

9, Country, Priority, UNITED STATESBy Robert McKinley 12/20/2012

Initiated in 1995, MasterCard and the PGA TOUR extended their marketing relationship through 2016 to focus on further providing MasterCard cardholders unique golf experiences, privileged access to top PGA TOUR tournaments and properties, as well as golf-related savings and offers. With this, MasterCard will expand TOUR-related cardholder benefits at key PGA TOUR tournaments and courses, as well as introduce new programs at select tournaments. MasterCard cardholders will have the opportunity to “text to win” for upgraded hospitality on competition day at the vast majority of PGA TOUR events. A selection of top tournaments will also offer cardholders special grounds ticket purchase opportunities, as well as on-site savings at concession and merchandise venues and provided a unique opportunity to “text to win” a one-time, 20-minute putting lesson with a PGA TOUR player at several different tournaments throughout the season.

GlobalPlatform Streamlines NFC Security Certification

10, Country, NETHERLANDS, PriorityBy Robert McKinley 12/20/2012

GlobalPlatform advanced its Composition Model, which streamlines the security evaluation of NFC contactless mobile applications. A composite product consists of an open platform (such as a secure element [SEs]), with one or more secure applications (known as sensitive applications), and optionally one or more basic applications (which does not need to comply with stringent security requirements to operate). As SEs in mobile devices begin to host multiple applications, it is important that all applications perform as intended and do not interfere with the other services being delivered. Evaluating the security of applications pre and post issuance is therefore vital, but needs to be cost and time effective for all market stakeholders.

PSPs Commit to PayPass Wallet

10, Country, Priority, UNITED KINGDOMBy Robert McKinley 12/20/2012

Ten payment service providers have now committed to MasterCard “PayPass,” part of PayPass Wallet Services, to subsequently up the number of merchants able to accept wallet payments online and on mobile. The payment service providers, including CQR, CreditCall, DataCash, MoPowered, Optimal Payments, Pensio, Sage Pay, SecureTrading, The Logic Group and WorldPay, agreed to integrate with the scheme, which enables more online and multi-channel retailers to have the tools available in order to capitalise on the growing online and mobile commerce market. Integrating PayPass Online into eCommerce sites allows merchants to speed the checkout process, helping to reduce the number of abandoned shopping carts, and shoppers can easily access all their payment and shipping information.

Signifyd Raises $2mm for Frictionless Payment Validation

8, Country, Priority, UNITED STATESBy Robert McKinley 12/20/2012

Signifyd fraud prevention raised $2 million in financing from Andreessen Horowitz, Data Collective, IA Ventures, QED Investors, Resolute.VC, Tekton Ventures and other angel investors. Signifyd was founded in 2011 by a team of risk experts from PayPal to address the complexity of payment validation. Between chargebacks, mistakenly declined orders, and countermeasure costs, the average e-commerce retailer loses 3.1% to fraud every year. Most large e-commerce merchants have teams of agents that arduously try to bridge the gap between the online identity a user presents and the real-life person he claims to be.

Regal Entertainment Group eGift Cards Now Available

8, Country, Priority, UNITED STATESBy Robert McKinley 12/20/2012

Regal Entertainment Group announced a special offer for making holiday budgets go further and just in the nick of time for last-minute purchases. Shoppers can logon now to REGmovies.com to instantly send eGift Cards to friends and family. For every $50 in eGift Cards purchased through January 6, the sender gets another $5 eGift Card for free. Regal’s eGift Cards arrive in minutes via email or on a specified delivery date. There are no shipping charges, service fees or expiration dates and electronic gift cards come in a variety of themed design options.

Moneris Integrates Payments Gateway With New Partner

9, Country, Priority, UNITED STATESBy Robert McKinley 12/20/2012

Moneris Solutions payment processors announced a strategic partnership with Henry Schein MicroMD practice management and electronic medical records management software. For this, Moneris will integrate its proprietary eSelectPlus payments gateway with encrypted card reader functionality into the upcoming new release of Henry Schein MicroMD’s Practice Management (PM) software, enabling Henry Schein MicroMD customers to process patient credit and debit card payments directly through their MicroMD PM software. By eliminating the need for a traditional credit card terminal or stand-alone payment system, the new integrated solution will substantially reduce payment processing and equipment costs; the integrated card reader, which encrypts cardholder data before it reaches the Henry Schein MicroMD PM, helps protect patient account information and keep practices within the scope of PCI-DSS compliance.

PayPlum Solution Achieves PCI DSS Compliance

9, Country, Priority, UNITED STATESBy Robert McKinley 12/20/2012

PayPlum Enterprise PCI has achieved validation and listing of the PCI PA-DSS Version 2.0 specification. Implementing PayPlum’s PA-DSS 2.0 compliant software before the October 2013 deadline, allows merchants and software companies to reduce PCI-DSS validation complexity, time and cost for deploying new ‘card-not-present’ payment applications, while ensuring that their software is more secure. The updated PA-DSS 2.0 standard is in effect for new payment applications until October 28th, 2016. PayPlum Enterprise PCI software is available for deployment in two different configurations. Merchants can choose to install PayPlum software in their own, secure data center within a smaller footprint, limited access, and vastly reduce PCI scope install it in a ‘ready-to-deploy’ private PCI compliant managed cloud environment.

Western Union Touts New Options for International Travel

9, Country, Priority, UNITED STATESBy Robert McKinley 12/20/2012

Western Union announced their prepaid card just for travelers and an option for travelers to send a Western Union Money Transfer® transaction to themselves. This development will address the market segment relying on cash while traveling, and those who prefer to use a payment card. Western Union now gives travelers the option to send a money transfer to themselves prior to leaving for a trip. For transfers to most countries, the foreign-exchange rate is determined when the funds are sent, so travelers know exactly how much will be waiting for them in cash when they arrive at their destination. For travelers who prefer the convenience of card payments, the general-purpose reloadable (GPR) Western Union TravelWiseTM Prepaid MasterCard is a convenient and fee-friendly alternative to carrying large amounts of cash.

Acculynk Grows Debit-based P2P Solution

9, Country, Mobile, Priority, UNITED STATESBy Robert McKinley 12/20/2012

Acculynk’s Payzur personal commerce (p-commerce) solution for debit cards announced Gesa Credit Union will pilot the P2P solution for its members, for which Crystal Clear Payments will serve as a channel partner. The Acculynk platform allows financial institution customers to send funds simply by authenticating the mobile- or web-initiated transaction with their bank issued PIN via the PaySecure patented online graphical PIN pad. Since Payzur is not ACH based, there is no enrollment or waiting period for consumers to begin using the service. Acculynk contracts with financial institutions directly and through channel partners to offer the Payzur p-commerce solution to their customers. For it, Crystal Clear Payments will provide payment processing solutions to the financial industry including credit signature processing; debit signature processing; PIN-based processing; Intelligent ATM services; cardholder loyalty programs; fraud moxie risk management, detection, and prevention; and card manufacturing programs.

Discover Posts 4Q/12 Net Income Up 8% Y/Y

1, Country, Priority, UNITED STATESBy Robert McKinley 12/20/2012

Discover reported a net income of $551 million for 4Q/12, up from the year ago period of $513 million. For this, total loans, credit card loans and Discover card sales volume all grew 6% from the prior year. With this, credit card net charge-offs reached historic lows with a net charge-off rate of 2.29%. Credit…

First Data & Webster Bank Extend Services Agreement

9, Country, Priority, UNITED STATESBy Robert McKinley 12/20/2012

First Data electronic commerce and payment processing and Webster Bank, N.A., a wholly-owned subsidiary of Webster Financial announced a new long-term deal extending their merchant services partnership. First Data will continue to provide merchant processing services to Webster’s customers at its 167 banking offices throughout the northeastern United States, allowing Webster clients to gain access to First Data’s full range of point-of-sale payment solutions.

Banco do Brasil Implements i2c Prepaid Processing

10, BRAZIL, Country, PriorityBy Robert McKinley 12/19/2012

i2c payment processing and emerging commerce solutions has signed an agreement with Banco do Brasil Americas to provide processing services for reloadable prepaid products. The first collaboration between i2c and Banco do Brasil Americas will be a prepaid card program allowing Brazilian students living in the United States and other countries to receive scholarship benefit disbursements conveniently on a prepaid card. i2c’s global payments platform will enable scholarship providers to load funds to prepaid cards that students can use to make purchases in their local currencies.

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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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