In today’s CardFlash News Que: TSYS (INVEX); CARDVERIFY.NET (security); ALMA BANK (mobile); BLUEFIN (P2PE).
TSYS – TSYS has extended its payments agreement with Mexico’s Banco INVEX. The multi-year agreement includes processing services for INVEX’s consumer and commercial credit card portfolios.
CARDVERIFY.NET – CardVerify.net Merchant Account Services is recognized as a unique merchant account service. Accepting credit card payments online has never been easier and can be setup for no cost. CardVerify.net processes orders and credit card payment details via 256 Bit Secure web form and instructs the purchaser to upload an image copy of a credit card to prove physical possession of that credit card used in the transaction. The CardVerify.net verification process has proven to thwart virtually all fraudulent internet based orders submitted by thieves and hackers as most online thieves are not in actual possession of the credit card itself just the card numbers and personal information. This simple method of verification has saved internet companies thousands of dollars on fraudulent orders, and expensive chargeback fees. CardVerify.net will not only show the order details with an uploaded image copy of the credit card for verification, the system also provided the merchant IP and location details including a map and any complaints on that IP further increasing security.
ALMA BANK – ALMA Bank is the first bank on the East Coast and one of the few banks in the United States to introduce a service that allows customers to securely withdraw cash by using the ALMA Mobile app on their smart phone. It is faster, more convenient and safer than using your ATM or debit card. No personal information is stored on your ALMA Bank app or smart phone, and without a card the chance of your information being “skimmed” is eliminated.
BLUEFIN – Bluefin Payments Systems, the first company in North America to provide Payment Card Industry Security Standards Council (PCI SSC) validated Point-to-Point Encryption (P2PE) solutions, welcomed PCI SSC’s updated P2PE standard, which builds on the earlier version to simplify the development and merchant adoption of PCI validated P2PE Solutions.