In today’s CardFlash News Que: B2 (Chase); JCB (Malaysia); FIT PAY (wearables); and WIRECASH (Cuallix).
B2 – B2 Payment Solutions Inc. (B2) and Underwriters Laboratory’s (UL) report Chase Commerce Solutions purchased an additional EMV certification solution to help businesses streamline the certification process to accept chip credit and debit cards at the point of sale. The “Chase Payment” module, which works with UL’s existing Brand Test Tool solution, was specially designed for Chase so that their large and midsized business clients can test and pre-certify their end-to-end EMV solution prior to certification,” says Sherif Samy the Commercial Director of UL’s Transaction Security Division. The module saves time, reduces inefficiencies and combines documentation, support services and tools.
JCB – JCB has opened an office in Kuala Lumpur, Malaysia under its subsidiary in Singapore, JCB International Asia Pacific. With the recent elevation of bilateral relationship between Japan and Malaysia, ties have been strengthened between both countries, leading to increased tourism flow. Given JCB’s position as a leading international payment brand from Japan, opening an office in Malaysia will allow JCB to better support and facilitate the increased goodwill and friendship between the peoples of both countries and indirectly contributing positively to Malaysia’s economic development and quality of life.
FIT PAY – Fit Pay and ConnecteDevice have developed a smartstrap for the Pebble Time family of smartwatches. The new smartstrap, called Pagaré , enables Pebble Time users to transact secure, wearable and contactless payments at millions of retail locations.Pagaré will use Near Field Communication (NFC) technology combined with card network tokenization to interact with point-of-sale terminals at retail locations. NFC, in place at an estimated 9 million retail locations worldwide, is becoming a ubiquitous payment acceptance technology at POS. Pagaré will leverage Fit Pay’s Trusted Payment Manager platform, which enables contactless payment capabilities on a wide range of wearable devices.
WIRECASH – WireCash has launched cross-border international bill pay and mobile phone reloads for U.S. residents. The addition of these services enables customers to instantly pay for their family members bills or mobile phone minutes in over 100 countries. Initially, WireCash is partnering with Cuallix and other providers to enable consumers to pay family bills including utilities, financial services, taxes, telephone, cable, and Internet. The platform is well established in countries like Mexico, where vendors payable through the WireCash marketplace now include Nextel, Cablevision, Telnor, Telmex, Movistar, CFE, Infonavit, and Sky.