Gemalto has teamed up with Chunghwa Telecom, the largest operator in Taiwan with 10 million subscribers, to secure their mobile NFC services . This commercial launch, supported by MasterCard and four leading Taiwanese banks, uses Gemalto’s UpTeq Multi-tenant NFC SIM and embedded software to host mobile payment and Mifare transit purse on a single card.
San Francisco-based Revel Systems has secured a $1.2 million grant from Invest Northern Ireland to open a UK sales and operations center in Belfast. The Revel platform includes complete front-end order entry, POS system and payment processing, back-end personnel scheduling, time clock and payroll, inventory management, comprehensive product/menu management and advanced reporting to successfully measure and optimize business performance.
Unisys experts predict the widespread publicity of recent large data breaches at major retailers, U.S. consumers, retailers and financial institutions will not readily embrace the use of chip-embedded credit cards requiring users to enter personal identification numbers when making a transaction.
The Google Cloud Platform has been validated for compliance with PCI DSS. The standard will enable our customers to hold, process, or exchange cardholder information from any branded credit card on Google Cloud Platform.
Digital River is expanding its marketForce global interactive marketing agency through a partnership with Beijing-based Netconcepts. The new partnership will enable Digital River to further extend its current marketing services in Asia Pacific and offer multi-national commerce clients additional access to localized, conversion-driven marketing services in China, Japan, Korea, Southeast Asia, Australia and New Zealand.
Banco Nacional Ultramarino (BNU) has teamed with First Data Merchant Solutions (FDMS) in Macau. This will provide merchant services and payment solutions for merchants, allowing FDMS, through BNU, to provide full service acquiring and processing. These services include point-of-sale and e-commerce services.
The Target breach set off a $70 billion IT security spending spree among major companies hoping to avoid similar catastrophes, 2014 has so far seen more customer data stolen than in any previous year.
Wirecard has finalized a cooperation agreement with Rocket Internet. Using Wirecard’s global multi-channel platform, Rocket Internet’s online companies will be able to offer international payment acceptance, acquiring and payment processes with the corresponding fraud prevention solutions.
About six out of ten Americans plan to purchase gift cards – the top item on consumers’ shopping lists – this year, according to Accenture’s 2014 Holiday Shopping Survey. Boost Mobile Wallet and Sprint Money Express, powered by Wipit, provide consumers an easy way to make payments from their smartphone or prepaid Visa or MasterCard with no credit check or monthly fees.
CellPoint Mobile announced a converged payments solution that securely and seamlessly processes passengers’ mobile payments and digital transactions, regardless of mobile device or the disparate array of underlying data sources and mobile payment technologies, including ApplePay, PayPal, MCX, credit-debit cards and others.
Prepaid and gift card transactions continue to gain traction in the U.S. and may approach $400 billion in annual transaction value by 2017. There appears to be a mindset change in the U.S. driving the growth.
San Antonio-based MySingleLink has added Touch ID to its MSL Wallet App for iPhone, iPad, Android Phones and Tablets. When used for payment processing, a Single Use Token can be specific to a merchant, to an invoice, and even to an amount.