Even as real-time payments systems are proliferating around the globe, real time can mean many different things with vastly different implications to users of the system. The paper provides clarity on what a real-time payment is by exploring what real time means, outlining the challenges to implementing real time, and identifying major use cases and user impact.
The use of facial recognition technology to help combat card fraud in stores is being explored in the payments industry. “PED Cam” (Pin Entry Device Camera) uses an upward-facing camera, embedded into a standard card terminal to take a picture of the card-user whenever they enter their PIN.
BNP Paribas is running a trial of OT MOTION CODE with 1000 French customers. The dynamic security code solution replaces the 3-digit static code located on the back of the card, used to confirm online payments.
Bahrain Petroleum Company (Bapco) is expanding its Sadeem fuel card program with the help of MasterCard and NEC Payments. At the centre of the project is a next generation technical solution developed, hosted and managed by NEC Payments.
Harbortouch is offering a free NFC and EMV capable PIN pad with its Echo POS systems for eligible merchants. Harbortouch Echo is a built-for-purpose POS system that combines the performance and functionality of a traditional system with the simplicity and sleek design of a tablet, without any up-front costs to merchants.
Alert Management Systems and Volatile Studios are enabling consumers to make a credit card payment right from a smart phone or tablet while signing for a rental contract or delivery.
AutoManager has integrated with TSYS’ ProPay to deliver fully integrated electronic auto loan payments for auto dealers. DeskManager, AutoManager’s DMS software, will now allow borrowers to pay auto loans by debit card, credit card or bank account.
NY-based CardFlight reports its suite of mobile solutions has been certified by First Data to accept EMV “chip card” payments.
Boston-based Flywire, f/k/a peerTransfer, has acquired UK tuition processor Uni-Pay. Uni-Pay offers tuition payment services to students attending 60 educational institutions in the UK, the second leading destination for foreign students studying abroad.
Moneris Solutions has expanded its portfolio of EMV-capable solutions for merchants to accept EMV payments in the United States. Moneris’ EMV-capable product lineup features integrated and standalone solutions for merchants seeking net-new EMV payment solutions or terminal upgrades for existing point-of-sale (POS) systems.
A seven city tour to celebrate the launch of Samsung Pay in the United States will get underway. Samsung will give consumers in Austin, Dallas, Atlanta, New York, Chicago, San Francisco and Los Angeles a special opportunity to unlock special offers and prizes through Samsung Pay.
In today’s CardFlash News Que: AMERICAN EXPRESS (Sam’s Club); VISA CANADA (Foundation); SYNCHRONY (Graber); and EPC (Phoenix).