In Other News: FAPS (ASTREX); WALTZ (investors); MERCATOR (report); and MASTERCARD (China).
FAPS – First American Payment Systems and UL Transaction Security have partnered together to offer ASTREX, a real-time payments simulator, to reduce development time and streamline EMV validation for ISVs and VARs. Paired with First American’s semi-integrated EMV solution, the testing environment will ease the burden of EMV development and validation, resulting in a faster time to market.
WALTZ – OUTFRONT Media one of the largest out-of-home media companies in the U.S., announced a strategic investment in Waltz (formerly Concord Payments), a New York City-based digital payment systems start-up. Waltz is developing an intelligent mobile-focused transit fare payment system to provide a secure, fast, and efficient transaction between any smartphone and turnstiles, buses or platform validators. Waltz’s solution will also seamlessly integrate with other large-scale payment system providers and third-party vendors.
MERCATOR – New research from Mercator Advisory Group titled From Card-on-File to On-Demand Payments: New Payment Model and Strategies For Payment Providers identifies how card-on-file solutions have been given a new lease on life and are now the primary consumer method for making payments via mobile devices.
MASTERCARD – To share the magnificence of the Great Wall and show the world China’s amazing tourist destinations, MasterCard has partnered with the Beijing Municipal Commission of Tourism Development (BMCTD) to launch the “Great Wall Hero” campaign, calling for adventurers across the world to participate in once-in-a-lifetime opportunity to explore the Great Wall and share their experiences online with audiences around the world.