Moneris Solutions Corporation today announced the addition of its Virtual Gift Card solution. The Moneris Virtual Gift Card solution works seamlessly from the merchant and customer perspectives. When a buyer purchases a Virtual Gift Card and personalizes the order, the Virtual Gift Card order, gift card activation and payment are all processed through Moneris and its flexible interfaces.
Atmia has published new international industry recommendations for maximizing the ATM user interface (UI) for about 2.4 million ATMs worldwide. Focused on recommendations regarding the accessibility, speed, operability, and security of ATMs, the manual shows how new interface technologies, such as tactile and multi-touch capabilities, biometrics and HTML 5, allow concepts usually applicable to mobile devices and tablets to be extended to ATM UIs. ATMIA has based the comprehensive set of new recommendations on inputs from deployers, software and hardware manufacturers, technical experts, processors, researchers and card issuers.
Orient Finans Bank has implemented Tieto’s Card Suite solution, ensuring issuing of MasterCard payment cards and their acceptance service in the bank’s terminals. Tieto Card Suite is a technology platform that will be used by the bank for interaction with MasterCard payment system, providing a complete payment card life cycle, processing of transactions committed in the bank’s POS terminals, and assuring secure settlement for customers using payment cards. Orient Finans Bank can now be an independent participant of the payment card market, reduce operational expenses, attract new customers and increase trust among the existing clients.
Bitbond bitcoin P2P lending announced its seed funding round led by prominent European early-stage VC Point Nine Capital. Bitbond’s peer-to-peer bitcoin lending platform lowers the barriers for small businesses to receive financing. Bitbond will use the seed funding round to build a team of programmers, enhance the functionality of its platform and intensify its marketing activities. The funding round marks Point Nine Capital’s first investment in a bitcoin startup and its confidence in the world’s largest crypto-currency. The Berlin-based VC specialises in investing in SaaS startups and digital marketplaces. By connecting borrowers and lenders directly, borrowers receive loans at affordable interest rates, while lenders gain higher interest rates compared to other fixed income asset classes.
United Thinkers open-source Payment Management Software provider has partnered for expansion. Its UniPay Gateway facilitates transaction processing in Europe, North America and Australia, while in the future the company plans to expand its transaction processing operations to South America and Africa through its Partnership Licensees. The UniPay platform facilitates transaction processing on an open-source nature, affordable cost, and richness of offered feature set, as well as the advanced API’s and wide variety of Code Samples for easy integrations. The UniPay UniCharge Module is an advanced Processing and Remittance Engine supporting advanced functionality needed for transaction processing while the UniPay UniBill Module supports sophisticated Recurring Revenue Management capabilities, including Recurring Billing Support for any Payment Plan, Decline Recycle, Retry, and Recovery, Automated Credit Card Update Services, Automated Reserve Management, as well as Integrated Collections Management.
HyperWallet has recently launched low-cost payment services to Nigeria, enabling companies to pay individuals in-country via direct-to-bank money transfers and reloadable prepaid debit cards. With hyperWALLET, corporates can make fully-compliant electronic payments to Nigerian bank accounts in NGN currency, typically within 1-2 business days. Additionally, corporates can pay Nigerians instantly using reloadable prepaid debit cards in USD, EUR or GBP currencies. With the addition of payments to Nigeria, hyperWALLET continues to expand their global financial network and support the diverse payment needs of corporate customers and their payees worldwide. The global payment platform lets users send mass manage their funds with their e-wallets, bank deposit, prepaid cards, cash pickup and via mobile phone.
TSYS announced its Enterprise Tokenization solution to secure payment card information for purchases made online, through mobile devices and “digital wallet” applications. The solution is a key component of the company’s Connected Mobility agenda which includes API interfaces and consumer-facing applications to support payments, communications and commerce. To truly secure mobile commerce and provide increased protection against unauthorized account use, including that stemming from data breaches and other forms of fraud, TSYS Enterprise Tokenization protects card data by substituting a card’s Primary Account Number (PAN) with a token. The token acts as a substitute value for the actual PAN, while the data is in flight and at rest inside an issuer’s or retailer’s systems. The true PAN value associated with the token can be identified at any time with the right decryption keys. This preserves the length and format as the original PAN, and is no different from standard payment card information for transaction processing systems, applications, storage and tools.
American Express announces the opening of The Centurion Lounge in New York LaGuardia Airport, the latest in a series of American Express lounges opening in the United States.
The University of Montana Alumni Association (UMAA) and Commerce Bank have come together to offer UMAA members a Visa Signature® rewards credit card. The card offers Signature Rewards with high reward point values, unlimited earnings and bonus point opportunities as well as no annual fee. The University of Montana Alumni Association was founded in 1901 and now serves nearly 100,000 alumni across the country and around the world.
ACI Worldwide has completed the acquisition of Retail Decisions (ReD) fraud prevention solutions. ReD is a leading ecommerce and fraud prevention company serving the payments industry. Its suite of solutions helps customers drive up revenues while reducing fraud losses and increasing the efficiency of their fraud management teams. ACI now expects ReD will generate approximately $18 million in revenue and $4 million in adjusted EBITDA for the remainder of 2014. They also expect non-GAAP revenue of $254 to $264 million in the third quarter.
Eventure Interactive, Inc. today announced the acquisition of the business operations, including the assets of, Gift Ya Now, an electronic gift card platform created by Vinay Jatwani. Eventure brings real and lasting meaning to its users’ lives, and in so doing addresses a yet untapped market opportunity.
Paysafecard.com now offers a prepaid MasterCard that provides paysafecard customers with an even greater range and choice of where they can pay. The card is topped up with paysafecard credit to offer both the advantages of a prepaid system combined with the strength of a credit card accepted worldwide. This innovative product is now available to all customers for paying both online and offline at millions of shops. Thanks to paysafecard, even those without a bank account now have access to a credit card. paysafecard MasterCard is only topped up with paysafecard, which is available at local sales outlets such as petrol stations and newsagents. paysafecard MasterCard is then available as a physical card topped up with this amount and ready to use everywhere in the world MasterCard is accepted: This includes shops, hotels and restaurants, as well as online vendors. Plus, it can be used to make cash withdrawals from any ATM. paysafecard MasterCard can be topped up with paysafecard at any time.