TSYS announced its Enterprise Tokenization solution to secure payment card information for purchases made online, through mobile devices and “digital wallet” applications. The solution is a key component of the company’s Connected Mobility agenda which includes API interfaces and consumer-facing applications to support payments, communications and commerce. To truly secure mobile commerce and provide increased protection against unauthorized account use, including that stemming from data breaches and other forms of fraud, TSYS Enterprise Tokenization protects card data by substituting a card’s Primary Account Number (PAN) with a token. The token acts as a substitute value for the actual PAN, while the data is in flight and at rest inside an issuer’s or retailer’s systems. The true PAN value associated with the token can be identified at any time with the right decryption keys. This preserves the length and format as the original PAN, and is no different from standard payment card information for transaction processing systems, applications, storage and tools.
American Express announces the opening of The Centurion Lounge in New York LaGuardia Airport, the latest in a series of American Express lounges opening in the United States.
The University of Montana Alumni Association (UMAA) and Commerce Bank have come together to offer UMAA members a Visa Signature® rewards credit card. The card offers Signature Rewards with high reward point values, unlimited earnings and bonus point opportunities as well as no annual fee. The University of Montana Alumni Association was founded in 1901 and now serves nearly 100,000 alumni across the country and around the world.
ACI Worldwide has completed the acquisition of Retail Decisions (ReD) fraud prevention solutions. ReD is a leading ecommerce and fraud prevention company serving the payments industry. Its suite of solutions helps customers drive up revenues while reducing fraud losses and increasing the efficiency of their fraud management teams. ACI now expects ReD will generate approximately $18 million in revenue and $4 million in adjusted EBITDA for the remainder of 2014. They also expect non-GAAP revenue of $254 to $264 million in the third quarter.
Eventure Interactive, Inc. today announced the acquisition of the business operations, including the assets of, Gift Ya Now, an electronic gift card platform created by Vinay Jatwani. Eventure brings real and lasting meaning to its users’ lives, and in so doing addresses a yet untapped market opportunity.
Paysafecard.com now offers a prepaid MasterCard that provides paysafecard customers with an even greater range and choice of where they can pay. The card is topped up with paysafecard credit to offer both the advantages of a prepaid system combined with the strength of a credit card accepted worldwide. This innovative product is now available to all customers for paying both online and offline at millions of shops. Thanks to paysafecard, even those without a bank account now have access to a credit card. paysafecard MasterCard is only topped up with paysafecard, which is available at local sales outlets such as petrol stations and newsagents. paysafecard MasterCard is then available as a physical card topped up with this amount and ready to use everywhere in the world MasterCard is accepted: This includes shops, hotels and restaurants, as well as online vendors. Plus, it can be used to make cash withdrawals from any ATM. paysafecard MasterCard can be topped up with paysafecard at any time.
MasterCard and First Data Corporation today announced a strategic alliance to provide a unified solution for First Data’s FirstVision platform powered by VisionPLUS with the introduction of MasterCard inControl for banking clients and customers in Asia Pacific.
TransCentra billing and payment software and services enhanced its private label remote lockbox offering. This allows the corporate customers of TransCentra’s private label bank clients to scan checks and accompanying documents remotely as an alternative to either mailing them to the lockbox site or processing them through a stand-alone remote deposit capture application. Corporate customers can also remotely scan all accompanying materials such as invoices, coupons, loan documents, applications and envelopes. All scanned items are processed, data captured, archived and, for clients with a lockbox on the TransCentra private label platform, automatically consolidated with mailed payments sent directly to the lockbox for processing and accounts receivable file reporting purposes. Extending lockbox functionality to the desktop adds convenience and efficiency to payment processing for any company that processes wholesale and retail payments.
Digital River, a leading global provider of Commerce-as-a-Service solutions, announced an expansion of its Brazil payments offerings through a partnership with Ebanx cross-border payments processor. The joint Digital River and EBANX offering will provide companies of all sizes a turn-key solution for processing local online payments, including installments. The partnership allows merchants to process payments online through a direct API or a hosted payment page; increase authorization and conversion rates; consult with Digital River’s support staff; and access payments tools for processing and authorization.
Moneris and Milano Computer Systems partnered to provide a new integrated payment processing and salon management solution to the beauty and health industry in the U.S. and Canada. Moneris is one of North America’s largest payment processors and Milano Computer Systems is a leading developer of Milano Software. This partnership will combine Moneris’ reliable, secure payment processing platform with Milano’s salon and spa management tools. Clients will experience seamless credit and debit card processing that will enhance Milano’s robust suite of solutions, which manage everything from appointments and client relations to security and marketing. The Moneris platform adds Enhanced data security and fraud protection and EMV processing.