In today’s CardFlash News Que: SYNCHRONY (Mills Farm); Giesecke & Devrient (HCE); XACTLY (eWAY); and MASTERCSARD (EMV).
SYNCHRONY – Synchrony Financial has inked a multi-year extension of its agreement to continue providing a private label credit card financing program for Mills Fleet Farm that will now include Synchrony Financial’s patented Visa Dual Card branded with the retailer’s name.
GIESECKE & DEVRIENT – Giesecke & Devrient (G&D) has been certified “Visa Ready” by Visa for Host Card Emulation (HCE) cloud based payment services. With the Visa Ready status, Visa ensures that technology and service providers develop and deploy products and services that are compatible with Visa’s requirements. G&D’s data center in Canada has received Visa Ready certification as a provider for cloud based payment services.
XACTLY – Xactly announced that eWAY, a leader in global online payments, has selected Xactly as a strategic business lever to improve sales performance and increase global revenue growth. eWAY is an online payments platform that processes over 4.6 billion dollars a year for merchants across the globe. The company chose Xactly to further motivate its sales reps, aid in recruitment, and increase employee satisfaction.
MASTERCARD – MasterCard shed light on the rising shift to EMV technology, the biggest change to hit the payment industry in over 40 years, at a workshop in Colombo recently. With several banks in Sri Lanka having already initiated EMV migration programs, the workshop was aimed at addressing partners’ concerns on the transition and helping them formulate their strategies to enable smooth adoption of this technology. Senior bankers, technologists and service providers who took part in the forum noted that it had outlined key considerations to be kept in mind when moving to chip and pin based EMV cards helping them firm up their project pipelines.