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.
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 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 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.
VeriFone and iPayment, Inc.,announced a complete tablet point of sale solution. iPayment POS is designed for the more than 150,000 small business merchants iPayment currently serves directly, through independent sales organizations (ISOs) and other multiple direct distribution channels throughout the U.S. This solution is a combination of VeriFone’s industry leading GlobalBay Merchant technology and other iPayment proprietary solutions.
Paragon Application Systems, a leading, independent provider of ePayment testing solutions, announces that it has received Discover D-Payment Application (D-PAS) qualification for its FASTest host testing solution. QA and developers rely on Paragon FASTest for complete simulation and testing of over 114 financial message formats. Acquirers and issuers certifying their transaction processing with Discover and Diners Club can now choose FASTest for host certification.
WEX Inc. announced it has signed a multi-year extension to provide private label and universal fleet card services for Phillips 66. Through the agreement, WEX will continue to issue fleet cards and provide related payment services to Phillips 66-branded customers.
The number of Cards-In-Force (CIF) for the four major global payment card networks (excluding Visa Europe, CUP and JCB) rose 6.5% year-on-year (Y/Y) during the first quarter of 2014 (Q1/14). Visa (VS), MasterCard (MC), American Express (AX) and Discover (DS) reported 3694 million global CIF at the end of Q1/14, compared to 3469 million one year ago.
MasterCard today announced enhancements to its industry leading security efforts, providing U.S. cardholders with greater protection from fraud and identity theft. All MasterCard credit, debit, prepaid and small business cards issued in the U.S. will now carry Identity Theft Resolution assistance. The program provides help in canceling missing cards and alerting credit reporting agencies, as well as targeting searches to detect if stolen personal and confidential data appears online.
UnionPay International (UPI) signed a cooperation agreement in Shanghai with Leumi Card to begin the acceptance of UnionPay cards by merchants and ATMs in Israel. Leumi Card is the first cooperative acquirer of UnionPay International in Israel, providing access to over 40,000 merchants covering nearly all places frequently visited by tourists, and about 360 ATMs across Israel. Bank Leumi has about a 30% market share in Israel.
TSYS announced that Walter Taylor as their chief procurement officer, responsible for procurement, vendor management and supplier management. Prior to joining TSYS, Taylor served as executive vice president, strategy, of Genesis10, where he was responsible for the firm’s overall strategy for information technology staffing and consulting with clients in the financial services industry. He also served as COO of Pariter Solutions, LLC, a Bank of America and Wells Fargo ACH payment processing joint venture, and senior vice president of Bank of America, responsible for technology and operations procurement and supply chain management. He’s a graduate of the University of Georgia and Mercer University and a Desert Storm veteran.
Canadians have used their mobile phone to deposit more than 1,000,000 cheques since the Canadian Payments Association approved the cheque image rule last year to allow for mobile remote deposit capture (RDC), according to data from NCR Corporation (NYSE: NCR), the global leader in consumer transaction technologies.