Ezetap announced the launch of the first integrated and globally certified Mobile Point of Sale Device with a price point under $50 – approximately one third the cost of any other integrated mobile card reader (supporting magnetic stripe, chip and pin) that is commercially available and certified. Competing head-to-head against global payments companies using devices manufactured in China in the fast-growing Mobile Point-of-Sale market, the entire Ezetap solution from its card reader to service platform has been 100% designed and developed in India.
MBNA has launched a new Smartphone Card Services app as part of the continued evolution of the way it provides services to customers. The new secure, convenient and smart app will offer customers a summary of account information such as balance and payment information; making a debit card payment; viewing their PIN and recent transactions.
FAA Federal Credit Union, University of Nebraska Federal Credit Union and Valley Credit Union have selected industry partners CheckAlt, iParse and CU Wireless as their mobile deposit solution provider. CheckAlt, iParse, and CU Wireless are very excited to add three more credit unions to their network of clients as they continue to expand their partnership into 2014. The mobile deposit solution created by the three innovative financial services companies integrates seamlessly into FAA’s, University of Nebraska’s and Valley’s existing mobile applications to allow the credit unions’ members to make mobile check deposits quickly and easily.
GlobalPlatform has published the first Trusted Execution Environment (TEE) Protection Profile (PP)*. The document defines the level of security required in a TEE hosted in a mobile device to support the delivery of a range of value added services including premium content and mobile wallets, as well as enterprises and governments supporting bring your own device (BYOD) initiatives. GlobalPlatform members have published the market’s first PP for TEE products; a secure area that resides in the main processor of a mobile device and ensures that sensitive data is stored, processed and protected in a secure environment. The document identifies the security needs of the TEE to support different market requirements by combining the standard security methodology outlined by Common Criteria, with the best practice specifications as defined by GlobalPlatform in relation to TEE architecture and interfaces**.
U.S. Bank Bill Pay Giving has generated $450,000 in contributions to four nonprofit organizations since it began in 2011, nearly $166,000 in 2013 alone. Nearly 340,000 customers have made a charitable contribution through the Bill Pay Giving Program. The program was designed to introduce customers to the online bill payment process by having them make their first “payment” a $1 contribution to charities supporting disaster relief, environmental protection, education and arts, and hunger and poverty relief. U.S. Bank matches customers’ payments up to $50,000 annually.
VeriFone announced Moneris Solutions debit and credit card processor deployed its “VeriFone VX 520” countertop POS. The VX 520 is PCI PTS 3.X compliant and features one of the industry’s fastest processors that can quickly handle payment encryption, decryption and processing”enabling merchants to improve security and reduce transaction times. Its integrated contactless capability and all-in-one design allows merchants to accept alternative payments, such as EMV (chip and PIN) cards and mobile wallets, as well as traditional mag-stripe cards through a single device. Merchants can also use the VX 520 to support value-added applications, such as loyalty or gift card acceptance.
Comdata Inc. has acquired eFueling Technologies, a wholly-owned subsidiary of Woodfin Oil Company. This acquisition allows Comdata to expand its product offerings in the unattended fueling market by combining eFueling’s and Comdata’s product knowledge and industry experience. Comdata and eFueling partnered to develop a robust, web-based site controller system marketed as SmartSight. Launched in 2013, this system provides fuel merchants with real-time insight into transaction data and activity at unattended fueling sites.
Allied Wallet online payment card processing, multi-currency merchant services, and state-of-the-art payment processing, is now a Visa Europe Principal Member. This allows Allied Wallet to continue providing the finest online credit card processing solution available, as well as getting a voice at the table where decisions on the future of payments are made. Merchants signing up with Allied Wallet will find that the low discount rates, PCI Level 1 security, and Allied Wallet’s proprietary Fraud Scrub will offer them the best payment processing solution for their global businesses. Allied Wallet has also seen success by truly assisting customers in starting their businesses. Allied Wallet has maintained their “#MyBigIdea” campaign, in which entrepreneurs can reach out to Allied Wallet for advice on how to turn their big ideas into profitable businesses.
Starbucks Coffee Company introduced Starbucks Gift Cards at select locations in China for purchase in three unique design themes, including Thank You, Kind Regards and Happy Lunar New Year. Since the Starbucks Card launched 12 years ago, $16 billion has been loaded on more than 450 million cards in 27 countries worldwide (as of Sept. 30, 2013). Timed to the launch of the Starbucks Gift Card in China, Starbucks is also offering a Lunar New Year Gift Card in participating Starbucks stores in the U.S. The Card celebrates the joyfulness and self-reliance of the horse, this year’s honored animal of the Lunar New Year.
Target confirmed this afternoon that some of the data stolen involved PIN data. This data is encrypted and isn’t expected to compromise cardholder accounts, however its not welcoming news to the millions that shop and used their REDcard. Target is currently working with investigators to understand how the breach happened and fully understand what information, encrypted or not, was compromised. Continue to check with CardFlash for the latest as more information becomes available.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] While Visa is the “King” of U.S. debit cards with a 71% share in the third quarter, MasterCard is slowly making in-roads after missing the mark in 1999. In the third quarter Visa posted $402 billion in U.S. debit card gross dollar volume( GDV), compared to MasterCard’s $164 billion. Visa’s U.S.…
TD Bank Group, Aimia Inc.and Canadian Imperial Bank of Commerce today completed the previously announced transaction under which TD acquired approximately 50% of the existing Aeroplan credit card portfolio from CIBC. The portion of CIBC’s Aeroplan credit card portfolio acquired by TD primarily includes accounts held by customers who do not have an existing retail banking relationship with CIBC. Also as previously announced, TD will become the primary issuer of Aeroplan Visa credit cards on January 1, 2014.