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

1stPayGateway Announces 1stPayPOS – A Revolutionary Cash Register with Superior Security

1stPay iPad POS announced the 1stPayPOS cloud-based iPad POS system provides big data analytics for small-to-medium sized businesses (SMB). The intuitive 1stPayPOS® cloud-based point-of-sale system is easy to install and significantly reduces training time for employees. Replacing the obsolete electronic cash register with 1stPayPOS® will speed the checkout process with barcode scanners, improve your store’s image and provide analytics to better manage your business. 1stPayPOS® has no servers to maintain and no limit to the number of stations like a PC-based system. 1stPayPOS® has proprietary End-To-End Encryption technologies to offer you peace of mind that your customers’ credit card data is secure. The card data is encrypted at the time of swipe, which is superior technology to that used by the big box retailers currently in the news.

Ciphrex Lauches Bitcoin Wallet

Ciphrex has launched Bitcoin Vault™ – a leading-edge, secure software wallet for Bitcoin transactions and account management. The beta release is offered for free and can be downloaded from Ciphrex website at ciphrex.com. Bitcoin Vault™ is the first bitcoin wallet supporting shared multisignature account management using deterministic keychains. That’s welcome news for the Bitcoin community. Last December, at the Bitcoin convention in Las Vegas, attention was drawn to the fact that no one had yet offered any practical multisignature tools.

Wallaby Launches Chrome Extension for Credit Card Recommendations

Wallaby announced the launch of its Google Chrome web browser extension that expands Wallaby’s market leadership position in credit card optimization solutions. The Wallaby Chrome Extension is included in the roll out of Wallaby Version 3.0 for iPhone – the most significant update to the popular and award-winning mobile app since its launch in 2012. Through the extension, Wallaby users easily identify which of their credit cards they should use for online purchases at a wide selection of merchants including Amazon, eBay, Staples, and Best Buy.

SIX Payment Services and MasterCard Launch MasterPass

SIX Payment ServicesSIX Payment Services and MasterCard will jointly provide the wallet payment platform MasterPass for card issuing banks. The digital wallet simplifies payments on the internet and offers financial institutions in Europe an advanced payment solution for digital e-commerce and m-commerce. By the end of 2014 all holders of payment cards issued by Swiss banks will be able to use MasterPass to pay for online purchases on their PCs or mobile devices such as smartphones and tablets. With MasterPass, users no longer need to enter their address details or credit card number for each online purchase; they store them in their wallet. It doesn’t matter if the card comes from MasterCard or another provider, from then on consumers can pay more easily and quickly online without having to register with each new retailer or enter card and delivery details for each transaction. MasterPass cuts online payments to just a few clicks.

Europe to Slash Credit, Debit-Card Fees to 1/7 What American Merchants Pay

American merchants, gouged by banks on exorbitant credit- and debit-card fees, applaud the European Union for Thursday voting to cap card fees at a seventh of what U.S. retailers pay their banks. The European Parliament approved a 0.3 percent cap on the “swipe” fee paid by merchants when a customer uses a credit card. In the U.S., by contrast, Americans pay the highest swipe fees in the world, between 2 and 4 percent per transaction, or between $2 and $4 on every $100 worth of groceries, gasoline and everything else they buy. Members of Parliament also put a seven-Euro-cents cap (a dime in U.S. currency) on debit card transaction, or 0.2 percent of the transaction value, whichever is lower. For U.S. debit cards the banks in the U.S. can charge almost a quarter, which means Americans also pay the highest debit-card swipe fees in the world. The Merchants Payments Coalition – UnfairCreditCardFees.com coalition collectively represent about 2.7 million stores with approximately 50 million employees.

Verifone Fashions mPayment for Visa Network

VeriFone announced five devices in its “PAYware Mobile” line of EMV- enabled mPOS devices have been approved by the Visa Ready Program. The program is designed to ensure that devices, software and solutions used to initiate or accept Visa payments are compatible with Visa’s requirements. By adopting “PAYware Mobile” devices that are Visa Ready approved, merchants enjoy the benefits of secure electronic payment acceptance from virtually any location. PAYware Mobile solutions from VeriFone are innovative mPOS devices that enable retailers and merchants to extend the POS to new environments. PAYware Mobile devices feature universal, PCI compliant mPOS adapters that transform smartphones and tablets into completely secure devices that can accept contactless, chip and PIN and traditional mag-stripe card payments. Some devices also accept NFC payments and feature high-end barcode scanning for additional functionality such as remote inventory management, checkout and access to product information.

Equifax Partners with mCommerce Company Jumio

Equifax Inc. today announced its partnership with Jumio, an industry leader in the mobile commerce space that specializes in payments and ID scanning and validation products for mobile and web transactions. The companies will be working together in developing a series of solutions that will create a more streamlined, secure mobile transaction process for both consumers and retailers. The solutions will also be integrated with the Equifax Mobile Wallet functionality, allowing consumers to access their cards on their mobile device to use for purchases. Shoppers can choose to either scan their credit card with their smartphone, or utilize their smartphones in-store at the checkout counter to complete the transaction.

JetPay Appoints New Board Member

JetPay Corporation appointed Diane (Vogt) Faro to its Board of Directors. With a career of over 30 years in the payments industry, Faro brings executive expertise in management, sales, and the merchant acquiring and Independent Sales Organization sides of the payment business. Faro is currently President of National Benefit Programs (“NBP”), a provider of discounted business services, as well as a private consultant to the payments industry. Previously, she served as President of Global Merchant Services at First Data Corporation, which processed over $30 billion in transaction volume resulting in over $100 million in annual revenues. Ms. Faro was the CEO of Chase Merchant Services, LLC-from 1997 to 2002. Chase Merchant Services, an alliance between First Data Corporation and J.P. Morgan Chase, was the largest merchant acquirer in the world at that time.

ControlScan and iScan Online Partner on mPayment Security

ControlScan partnered with iScan Online to address the security issues caused by consumer-grade mobile-device use in the small to mid-sized business (SMB) environment. Widespread, business-level adoption of tablets and smartphones has drawn the attention of hackers. According to IT security vendor Kaspersky, there are 10 million malicious applications circulating for Android devices alone. In partnership with iScan Online, ControlScan created ProTect Mobile™, a powerful tool for securing Apple iOS and Android mobile devices. ProTect Mobile is a single-source scanning solution for security vulnerabilities, faulty configurations and sensitive data such as credit card information, social security numbers and protected health information (PHI). Device integrity and management features are also included, allowing the business owner to spot a critically vulnerable “jailbroken” or “rooted” device, and to locate, lock and wipe a device that has been lost or stolen.

USA Tech Integrates Payment Services in Vending

USA Technologies wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries, introduced its streamlined Integrated Payment Services model, USAT’s newest approach to serving the needs of today’s more complex vending businesses. As an evolution of USAT’s market leading ePort Connect service, Integrated Payment Services extends ePort Connect across multiple aspects of a self-serve business to position operators for better business efficiencies, reduced cost and a heightened customer experience. This includes traditional vending, micro-markets, office coffee services and direct store deliveries, dining Services and back office/online payment.