Robert McKinley, Senior Analyst/Editor Robert McKinley, with 33 years experience covering payment cards and payment systems, is Senior Analyst/Editor for CardFlash and other payments-related publications. He is the retired founder and chief executive of RAM Research, CardWeb and CardTrak. McKinley served as an expert witness in 100+ litigations including two multi-$billion trials, testified before the U.S. Congress, chaired multiple payments conferences, hired as consultant by Fortune 100 companies and several overseas financial institutions. Full Bio: www.rbm4.com

MasterCard, WebMoney and Credit Saison Launch Prepaid Card

MasterCard, WebMoney Corporation and Credit Saison launched the WebMoneyCard MasterCard-branded prepaid card. The WebMoneyCard can be used both online and at physical merchants that accept WebMoney or MasterCard payment cards. With the WebMoneyCard, cardholders can make payments at approximately 38.1 million MasterCard acceptance locations[1] in more than 210 countries worldwide. The card can be used for diverse everyday purchases, ranging from apps to payment at restaurants, cafes and convenience stores. WebMoneyCard, which is obtainable without credit evaluation, ensures that cardholders can shop with ease, knowing that their spending will always remain within pre-loaded amounts.

Sipay Plus payment gateway gets PCI DSS 3.0 certification

Sipay Plus payment gateway has been approved for PCI DSS version 3.0 level 1. The new version 3.0 approved by PCI Security Standards Council, organization founded in 2004 by five major card brands, with the goal to ensure safety in card payments, includes important changes over the 2.0 version. Above all, with this evolution of the regulations it is intended to adapt it to the continuous market and technology changes related with payment industry, as well as to avoid some of the safety problems or deficiencies both in the standard itself as in the application, which have been identified in the past years. The incorporated requirements for the new 3.0 version mainly emphasize the proactive safety procedures, in particular the considerations, more restrictive, for the stored data regarding the card holders, the security in software development, the vulnerability evaluation with a higher demand in the penetration tests, the keys and passwords management, the review of the security records, as well as the extension of these requirements to the external providers.

Diners Club Announces Latest Merchant Acquiring Partnership

Diners Club International, part of the Discover Global Network, and Bangkok Bank are set to implement their merchant acquiring partnership. Under the agreement, merchants using the Bangkok Bank terminal network will be able to accept Diners Club International, Discover, BC Global, DinaCard and RuPay cards, which are all part of the Discover Global Network. The Discover Global Network is the third-largest payments network in the world, operating in more than 185 countries. Diners Club International became the first multi-purpose charge card in the world, launching a financial revolution in how consumers and companies pay for products and services.

Geraint Williams to Address New PCI DSS Standard

IT Governance cyber security services and PCI QSA company announced that senior consultant and QSA Geraint Williams will deliver a talk at the OWASP AppSec Research 2014 conference in Cambridge in June. Williams’s presentation will examine the best practices in developing bespoke or custom written applications for use within the cardholder data environment of the PCI DSS. Geraint Williams is a PCI Qualified Security Assessor and is leading the PCI DSS and pen testing team at IT Governance.

DISH to accept Bitcoin with Coinbase

DISH today announced that it will become the largest company to accept bitcoin. As the first subscription model pay-TV provider to make this move, DISH will begin accepting bitcoin payments from customers starting in the third quarter. DISH has selected Coinbase as the payment processor for bitcoin transactions with customers who choose to pay their bill online with the bitcoin wallet of their choice. DISH will use Coinbase’s Instant Exchange™ feature to exchange bitcoin payments to U.S. dollars at the moment of the transaction.

JCBI European Expansion

JCB continues to press on to reach the 200 countries and territories milestone this year with its Card Acceptance Network. The latest is its expansion into Belgium via Worldline. JCB International (JCBI) has formally signed a License Agreement with Atos’ Worldline for building a JCB card acceptance network and to start JCB merchant acquiring operations in Belgium.

Oink Partners with GlobalCollect

Virtual Piggy, Inc.this morning announced it has partnered with international payment service provider, GlobalCollect. GlobalCollect is the most knowledgeable global payment service provider in the world, processing international e-commerce payments for many of the world’s most recognized e-commerce brands in the travel, retail and video game industries, including Levi’s, Sony BMG, Estee Lauder and Valve. The company processes payments in more than 150 currencies in over 170 countries.

Kenya Commercial Bank Integrats TranzWare

Compass Plus has announced that Kenya Commercial Bank, one of the largest banks in the country, has launched its in-house processing centre built on TranzWare products from Compass Plus. Kenya Commercial Bank set out to replace its entire retail banking system, previously built on separate solutions from different providers, to one fully integrated platform that would improve the bank’s efficiency, increase performance, provide flexibility and be fault-tolerant.

CardLinx

CardLinx is forming the CardLinx Europe Council and the CardLinx Canada Council. The upcoming charter meetings will bring together senior executives from the most influential companies in card-linking from each region. Card-linking, a phenomenon gaining popularity worldwide, enables consumers to redeem deals without paper coupons or promo codes and gives merchants a real measure of their ad spend effectiveness. CardLinx’s regional councils will engage two of the largest card-linked markets in establishing global standards for the industry.

TSYS Extends KBC Bank Relationship

TSYS announced that it has further extended its relationship with KBC Bank Ireland (KBC), to support the bank’s credit card launch in the Irish market. TSYS currently provides debit payment services for KBC. KBC has been operating in Ireland for 40 years and is part of KBC Bank NV, one of Europe’s largest banks. KBC provides business and personal banking services to customers in Ireland.