The four major U.S. payment card networks produced an 8.2% year-on-year (Y/Y) gain in Purchase Dollar Volume (PDV) during the first quarter of 2014 (Q1/14). Visa (VS), MasterCard (MC), American Express (AX) and Discover (DS) produced $993 billion in U.S. PDV, compared to $918 billion in the year ago quarter.
The Capitol Visa Infinite Card combines a private banking service with access to exclusive lifestyle benefits, privileges and experiences. Capitol Visa Infinite provides the cardholder with instant access to comprehensive insurance; airport lounges worldwide; exclusive cultural, sporting and fashion events; and the Visa events and experiences programme and Visa Luxury Hotel Collection. Catella Bank S.A.…
Royal Caribbean Cruises is now enabling travelers to link their China UnionPay credit cards with cruise cards to avoid the hassle of cash aboard. Prior to the new program, UnionPay debit and credit cards have been accepted by all ATMs on Royal Caribbean Cruises for withdrawing US dollars.
INSIDE Secure embedded security solutions for mobile and connected devices, and Selinko, the object identification company, announced the availability of CapSeal, a smart, patent-pending and secure system to fight counterfeiting in the wine and spirits market. By using an NFC smartphone or device to scan the chip embedded in the tag and the Selinko mobile application platform, any industry player or consumer can easily verify the authenticity of the bottle, confirming that it has not been previously opened. The chip confirms that the capsule on the bottle has not been tampered with and the cork has not been removed.INSIDE Secure’s highly secured CapSeal solution is certified against the highest worldwide certification standard (Common Criteria certification, EAL5+ level used for Electronic Passport-certification) and smart packaging solution. Combined with Selinko’s innovative application platform, CapSeal is providing the wine and spirits industry a unique and most secure solution to solve counterfeiting and refilling problems.
Intellicheck Mobilisa identity solutions and wireless security systems obtained a U.S. patent for a system that allows users to compare information contained on two or more forms of ID cards. As Intellicheck Mobilisa’s 19th U.S. or foreign patent issued, it further strengthens the Company’s intellectual property. The system’s components include a document reader that can identify various data fields from a driver’s license, passport, credit card, benefit card, military ID card, government-issued ID card or bank card. Specifically, the reader can identify the bearer’s first name, last name, middle initial or name, date of birth, social security number, driver’s license number, address, state of issuance of document, and date of issuance of the document. The two ID cards are intelligently compared field by field and the system provides a match/no match result or can provide an overall score using intelligent matching algorithms, that compare closeness to match and importance of field.
The fastest growing region for MasterCard is getting a new payments processing center and new general multi-country manager. The APMEA region’s Gross Dollar Volume (GDV) for the first quarter 2014 (Q1/14) grew nearly 19% year-on-year (Y/Y).
BitPay business solutions for Bitcoin digital currency partnered to integrate bitcoin acceptance into VisualTouch. VisualTouch is a complete point of sale system that provides the advanced POS functionality needed for business management. VisualTouch POS is used in the Hospitality, Food Service, Grocery, Retail and Concession industries with a combined install base of more than 6,000 unique customers and some customers having up to 1,600 locations each. VisualTouch will use BitPay’s POS-integration solutions to grow bitcoin acceptance through brick-and-mortar retail locations that may have not considered bitcoin acceptance in the past.
Digital River received a Customer Choice Award from CardNotPresent (CNP) for Best Subscription and Recurring Billing Program. The award was presented at the CNP Expo in Orlando on May 21, 2014. The awards honored the companies, programs and solutions that have distinguished themselves in the card-not-present space during the past year. The CNP Customer Choice Award winners are selected by customers for their experience and longstanding reputation in the card-not-present industry. Digital River World Payments features a wide range of customizable services for managing the complete payment lifecycle. These services, which work through a single payments connection, include checkout page optimization, A/B testing, real-time fraud detection, solutions to manage PCI exposure and currency risk, as well as advanced back-office reconciliation services and business intelligence tools.
JCB International announced Worldline e-payment and transactional services signed a License Agreement for building a JCB card acceptance network and to start JCB merchant acquiring operations. JCBI has been increasing its presence in Europe by expanding its merchant network. Currently, JCB cards are accepted at about 25 million merchants worldwide including several millions in Europe. This partnership will significantly increase the number of JCB merchants, which will improve the card acceptance for JCB cardmembers visiting Belgium. Worldline payment and transactional services is active in Merchant Services & Terminals, eMobility & eTransactional Services, and Financial Processing and delivers non-cash payment transactions via a wide range of payment solutions for POS, online and mPayments.
Fime completed a period of consultancy and testing to validate Nabil Bank’s point of sale (POS) terminals and host acquirer platform infrastructure to UnionPay, MasterCard and Visa specifications. The host acquirer platform certifications, also completed by FIME, confirm that the bank’s infrastructure adheres to the functional standards set out by the three payment systems. These standards aim to ensure that POS terminals connected to the bank’s network are using the same ‘language’ to relay information. FIME is an EMV implementation partner, offering practical support and solutions to ensure banks can implement EMV effectively and successfully. Using the FIME SAVVI test analysis tool, with FIME test cards qualified by the payment systems, acquirers have the ability to debug and test the compliance of a payment acceptance terminal in preparation for formal approval and, ultimately, market implementation.More than 80 countries worldwide have adopted, or are adopting, EMV in order to increase transaction security, reduce fraud and enable cardholders to execute payments worldwide.