Panasonic Avionics Corporation (Panasonic) is introducing EMV-compliant Near-Field Communication (NFC) technology in its in-flight entertainment (IFE) systems. Industry observers had recently predicted on-board NFC applications were years away, but Panasonic will be launching the technology with airlines in the summer of 2015. Passengers and crew will be able to use NFC-enabled smart phones and cards in-flight for high value transactions and purchases; synchronization of personal data to create just-for-me experiences; recognition of a passenger’s Frequent Flyer status via NFC card or phone, giving access to benefits or promotions, such as free Wi-Fi for Gold members; and pairing of NFC-enabled devices with the embedded IFEC system, allowing airlines to push information to passengers during their flight.
AppFrontier’s Chargent Payment Processing has teamed with USAePay allows merchants to have complete control of their payments since it is directly incorporated in Salesforce, where the merchant’s customer data is already stored.
PreSonus, a major designer and manufacturer of audio-recording and live-sound technology, has opened an online store using BlueSnap’s hosted checkout pages and APIs. The new checkout page will allow PreSonus to sell in 29 languages, 60 currencies and 180 countries with 110 payment options.
Planet Payment payment processing and transaction services, and Columbus Data ServicesATM processors launched the “Bank In Your Currency” ATM network. Bank in Your Currency is now available to all CDS Market Partners and their more than 85,000 ATMs nationwide.
Wells Fargo’s text banking service is now available in Spanish, giving Spanish-speaking customers a safe and easy way to manage their personal and small business finances. The Wells Fargo Mobile Text Banking service is safe. Customer accounts are referred to only by nicknames, therefore account numbers, passwords or other personal information are not needed.
MA-based SavingStar a shopping and online loyalty program has launched a new secured card via of First National Bank of Omaha. The new SavingStar American Express Card is the first co-branded secured card on the American Express Network for consumers with no credit or rebuilding their credit.
The SUBWAY restaurant chain and its 26,000 locations in the U.S. will launch NFC-based mobile payments nationwide onOctober 1. The move is being facilitated by Softcard (formerly known as ISIS).
EMV-compliant Near-Field Communication (NFC) technology is coming to inflight entertainment (IFE) systems. Panasonic Avionics plans to launch the technology with airlines in the summer of 2015.
NCR Silver received a Bronze Stevie Award for “Best Business-to-Business Product” of the year during the 12th Annual American Business Awards Sept. 12, 2014. The American Business Awards is the nation’s premier business awards program. A record number of nominations were received in 2014 with more than 3,300 organizations vying for the top spot. NCR Silver was among those honored at the New Product & Tech awards ceremony. Also at the ceremony, NCR Silver won a “People’s Choice Best Business-to-Business Product” of the year. The nationwide public vote was conducted over the summer, with the highest number of votes determining the winners in various product categories. This year, more than 57,000 votes were cast.
Calypso cross-asset front-to-back technology solutions for financial markets, announced LCH.Clearnet Ltd and LLC have completed the project to introduce the Calypso Collateral Management solution to their Collateral and Liquidity Management (CaLM) offering. With this development, LCH.Clearnet is able to deliver further processing efficiencies with automated, real-time Collateral Management operations. The Calypso Collateral Management solution delivers Automated real-time management, consolidated view of Member collateral assets facilitating a streamlined margin call process and Full support for cash management. In implementing Calypso, LCH.Clearnet has replaced a vendor package in the front office and an in-house legacy platform in the back office.
Instant payment card issuance is gaining more popularity in the wake a recent data breaches. EFT Source’s Card@Once is a great example as NY-based Parks Heritage Federal Credit Union is implementing the solution.
SMB (Small Mid-Market Businesses) are also in the crosshairs of fraudsters. About 58% of defrauded micro and small businesses ($100K-$10M in annual revenue) experienced misused credit card accounts last year, while 52% of middle-market businesses ($10M-$500M in annual revenue) experienced credit card fraud in 2013.