ProPay, a TSYS company, will provide nonprofits and organizations using Little Green Light LLC (LGL) online donation solutions with simple, secure and complete end-to-end payment processing services. So far in 2013, there has been a 21-percent increase in online donations in the U.S.*, and the trend is expected to continue in 2014. This growth will dynamically impact the need for processing and administration solutions in the donations space. With this new technology, nonprofits will be able to create customizable “donate now” forms for one-time and recurring donations via all major credit cards ” both U.S. and international ” as well as ACH transactions from U.S. banks.
Evo Payments International acquired the Encore Group. The Encore Group, consisting of existing EVO strategic partners Encore Payment Systems, Prodigy Payment Systems and Momentum Payment Systems, is headquartered in Addison, Texas and provides payment processing solutions to small and medium sized businesses located throughout the United States and Canada. EVO has grown significantly by introducing leading payment solutions to the market, as well as acquiring domestic and international businesses. The Encore acquisition enables EVO to leverage Encore’s proven North American sales distribution strategies to drive further growth in EVO’s new international markets.
VeriFone Systems announced its portable payment acceptance systems, the VX 680 and VX 675, have been deployed by e-finance to facilitate the state-sponsored transition of Egypt’s entire gasoline and petroleum products retail market to an electronic payment system. e-finance, Egypt’s first and largest payment gateway service, was awarded the modernization contract in May and has deployed one-third of an estimated 18,000 VeriFone portable payment solutions at gasoline stations throughout the country. The smart card-based system being implemented by e-finance ensures that Egypt’s Petroleum and Finance Ministries can control the quantity and value of gasoline being consumed. e-finance purchased the VX 680 and VX 675 from Systems Engineering of Egypt (SEE), VeriFone’s local distribution partner. The portable, handheld devices feature powerful processors and are designed for rugged environments where drops and spills are common and wireless connectivity options are required, enabling gasoline stations to reduce consumer wait times by quickly and reliably processing on the spot transactions, which are routed to e-finance’s gateway.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data released its “SpendTrend” analysis for Oct. 1, 2013 through Oct. 30, 2013 compared to the year ago period, tracking same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations. Dollar volume growth in October was 6.8%, a healthy uptick from…
FreedomPay is teaming up with Microsoft in an effort to extend mobility past the simplicity of a phone or tablet application and integrate mobility into the underlying business processes of enterprises through the use of their Payments Platform as a Service offering. To harness the power of mobility, enterprises must unify consumer and inventory data across disparate back end systems – CRM, POS, etc, and link a consumer’s identity across multiple outlets – Facebook, Skype, Xbox, mobile, and credit cards that will result in a 360-degree view of the customer. Enterprises can then deliver targeted incentives to consumers based on their interests and buying habits to drive the desired behavior. A simple app can’t do that; you need a platform. The FreedomPay Commerce Platform includes mobile payments and incentive technologies that work with live POS systems, a state-of-the-art gateway that transmits exceedingly detailed transaction data, and rigorous security tools.
VeriFone introduced UX Solutions unattended payment devices to improve transaction security, speed and reliability for vending machines and other self-service environments, including parking meters, petroleum pumps and ticketing machines. VeriFone’s UX series of unattended payment devices enables merchants to meet growing consumer demand for self-service transactions by providing customizable payment systems that securely increase transaction volume and speed and accept payments from mobile wallets, EMV and mag-stripe cards. UX Solutions fulfills the latest security standards, including PCI PTS 3.1 and EMV Levels 1 and 2. Integrated LCD screens guide consumers through transactions and securely display payment amounts while providing merchants the ability to upsell through targeted messaging.
NCR announced First Data certified NCR APTRA Interactive Teller for its network allowing First Data FI ATM clients to use the solution for standard ATM transaction processing. APTRA Interactive Teller gives a live teller remote control of an ATM to conduct two way audio/video transactions with customers. The efficiency and security created through the centralization of tellers enables financial institutions to transform their branch locations into more effective service and sales environments. APTRA Interactive Teller lets financial institutions offer access to teller services during non-traditional banking hours, build new small-footprint branches, and provide full teller services in areas not served by branches, all while taking advantage of the advanced features of NCR ATMs such as deposit automation, bill pay and new account and loan initiation.
Datacard Group and Barnes International Chip Card Test Tools and Magnetic Stripe Analysers integrated the Barnes smart card verification technology into the Datacard MX Series Quality Assurance (QA) module. The Datacard QA module systematically verifies both optical and electronic elements of each card that passes through the MX Series Platform to confirm accurate card personalization. By integrating the Barnes smart card verification technology into the QA module, financial organizations and commercial bureaus will now have the ability to easily verify that smart cards which are also run through the module are EMV compliant and conform to payment system operator’s requirements.
Ingenico will support JCB in the development and deployment of its new J/Speedy EMV contactless technology by enabling J/Speedy on Ingenico’s Telium 2 platform.
JCB is the only global payment brand based in Japan offering a comprehensive range of brand services to over 24 million merchants and 80 million card members around the world. Ingenico and JCB are now partners for the development, integration and the international deployment of J/Speedy, JCB’s contactless payment solution, starting mid-2014, to provide a simple, fast, and convenient way to pay.
Fibernet Internet Service Provider passed PCI and SOC 1 Type II Certification security standards. It also received SSAE16 SOC 1 Type II certification. The attestation awarded to Fibernet by Cadence Assurance. All data centers must complete the certification requirements of PCI security. Regulations involve the human resources training programs, restriction of personnel who have physical access to the data center, and protection against environmental hazards. Fibernet Corp. has completed SOC 1 Type II certification, which requires demonstrable compliance to the standards for an entire year; Type I certification only requires compliance at the time at the time of attestation. Fibernet Corp is one of the first businesses to become an approved service provider by the credit card industry.
Payleven mobile card payments partnered Ingram Micro IT products, making its Chip & PIN card reader widely distributed through Ingram Micro in Germany, Austria, the Netherlands, Italy, Belgium, the UK, Spain and Poland. This is important in making freely available commercially mobile card payments. The Chip & PIN bluetooth card reader, the most secure solution for mobile card payments on the market, is a world first in the distribution portfolio of Ingram Micro. The Chip & PIN card reader from payleven connects via bluetooth to an app on a smartphone or tablet. This gives small and medium-sized businesses, from restaurant owners, to shop assistants, to taxi drivers the opportunity to accept debit or credit card payments on-the-go.
American Express research indicates 96% of U.S. senior finance executives agree they will need to extract much greater value from financial and operating data in 2014. When considering where IT improvements could offer the most value to growth plans, nearly half (48%) say cutting costs, while the other half (48%) take a more insights-driven approach, citing effectiveness through analytical tools as the most valuable way IT can contribute to growth. To that end, 40% of surveyed executives say they plan to increase real spending on IT by 10% or more over the next year. However, while many senior finance executives plan to increase IT spend, only 8% plan to increase spend by 30% or more. The top three goals cited for mobile improvements are Providing employees with better data retrieval capabilities (42%); Enabling employees to share data and make better real-time decisions (34%); and Providing employees with up-to-the minute access to data (30%).