First Data electronic commerce and payment processing renewed its processing contract with DAB Bank AG, a subsidiary of UniCredit Bank AG and part of UniCredit Group, for a further five years. First Data will continue to be responsible for delivering card processing services for DAB Bank AG’s MasterCard Classic, MasterCard Gold, MasterCard Platinum and MasterCard World Signia. First Data will also continue to provide a range of technical services for processing electronic payment transactions including account processing, authorizations, transaction processing, accounting and fraud prevention, as well as operational services such as contact centre services, emergency card replacement services and disputes handling for DAB Bank AG cardholders.
Advanced secure-chip testing provider, FIME, has established a testing infrastructure and conducted laboratory test services for the Discover contactless D-Payment Application Specification (D-PAS) products. The test framework will verify that these products meet robust security requirements, international industry standards and achieve global market interoperability. Using its expertise as an approved laboratory and test tool provider for the payments industry, FIME prepared a contactless D-PAS test specification for both chip-based payment cards and acceptance terminals.
MasterCard announces the findings of the first MasterCard Treat Index showing over half of Europeans view buying themselves a treat as a basic right. The European-wide study of over 12,000 credit card holders across eight countries highlights that shoppers continue to invest in personal purchases, spending an average of €51 at least once a month on a little something for themselves. Despite region-wide economic difficulties, Europeans have been reluctant to give up their treats, with more than one in five claiming they still spend money on themselves despite knowing they should be watching the pennies.
Western Union launched its multi-faceted response program that will provide support for disaster relief efforts that target the families and communities most affected by Typhoon Haiyan in the Philippines. The program includes grant funding from The Western Union Foundation and a consumer no-fee* activation initiative, as well as Western Union® employee and retail Agent giving elements. The Western Union Foundation is making a grant of US$100,000 to Save the Children to support the organization’s immediate response activities in the Philippines, which include providing emergency materials, meals and water to disaster victims. For the benefit of consumers sending money to family and loved ones in the Philippines, The Western Union Company will activate a no-fee* money transfer transaction program from participating Agent locations in the Caribbean, Cyprus, Greece, Italy, Malaysia, Portugal, Singapore, the United Kingdom and the United States, through November 30, 2013.
Webundmobile Magazine featured Allied Wallet for their e-commerce payment solution and international credit card processing. Allied Wallet’s global, e-commerce payment solution has been growing vastly across the European Union and is being adopted by many German websites for credit card processing and alternative payment processing solutions for international transactions. Integrating Allied Wallet’s payment solution is simple with a short API integration, and it offers web developers an opportunity to earn a monthly residual. By referring their merchant to Allied Wallet’s e-commerce payment solution, developers will earn residual income long after their project is complete.
Datacard Group secure ID and card personalization solutions announced that they will be hosting a secure ID and credential workshop at CARTES Paris 2013, led by its VP, government marketing. The hour-long session will feature a panel of experts from CryptoVision, 3M, NXP Semiconductors and Datacard Group that will bring diverse perspectives and insights regarding security, efficiency and quality in citizen identity programs. Attendees of this interactive session will have the opportunity to ask questions, share thoughts and learn about how to build security into every stage of the production process. In addition, they will discuss the importance of efficiently capturing high-quality images, biometrics and biographical data elements; and how to simplify the increasingly complex credential management infrastructure so that organizations can ensure citizen security and privacy.
Miura Systems secure electronic payment hardware to the world’s leading mPOS payment providers, has announced the latest additions to its innovative product range, delivering lower total cost of ownership, greater innovation and flexibility to all retail sectors. Miura powers payments for blue chip payment providers including Worldpay, Paypal, Payleven, Adyen, iZettle and Intuit. Over 75 per cent of the leading mobile Chip & PIN payment service providers worldwide have utilised the powerful Shuttle platform and today, Miura unveils a new product, the M007. This device brings MPOS functionality directly to mainstream retail with its ability to balance the high demands of volume payment processing whilst retaining flexibility to be mobile and be integrated with the multitude of peripherals used in today’s complex payment environments. The same M007 that services the traditional Point of Sale can now be integrated with smart devices like a cash-register-ready tablet or smartphone to go completely mobile.
mopay payment solutions is providing a new mobile payment option for Germany-based maxdome video-on-demand platform. This offers customers a payment option available for every user who has an active subscription with any mobile carrier in Germany, and the full maxdome content catalogue can be ordered and paid with mopay. New users of the platform who do not want to fully register beforehand are offered the additional option, “pay by SMS,” when choosing a film. Opting for this version simply requires consumers to text a short code to initiate the order and payment process. If successful, the movie starts automatically and is available for 48 hours with unlimited reruns. There is no need to register and share any personal data to use this payment option. The amount will be billed directly to the respective mobile phone account.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] ACI Worldwide posted 3Q/13 revenue of $216 million, up 35% by $56 million from the year ago figure. Monthly recurring revenue grew to $151 million, up $46 million, and represented 71% of total revenue in the quarter. Excluding Online Resources, recurring revenue grew 9% from Q3 2012.New sales bookings, net of…
Fiserv announced Byron C. Vielehr has been named group president of its Depository Institution Services group to oversee domestic account processing businesses for banks, thrifts and credit unions. Bringing to the roll more than 25 years of technology and financial services experience, Byron most recently served as President of International and Global Operations for Dun & Bradstreet (D&B) (NYSE: DNB), responsible for all D&B businesses outside of North America and led operations globally. During his tenure at D&B, which began as Chief Information Officer in 2005, Vielehr held a succession of senior executive positions, including leadership of its North American business, Global Risk Management Solutions, and D&B Sales and Marketing Solutions. He holds a master’s degree from The Wharton School of the University of Pennsylvania and a bachelor’s degree from Drexel University.
Fiserv announced that SAC Federal Credit Union selected its DNA account processing platform and several surround solutions to accelerate its rapid growth. DNA from Fiserv is the first open, person-centric core banking platform built for collaboration. DNA was completely rewritten using Microsoft’s leading .NET Framework for a state-of-the-art core platform that banks and credit unions can rely on for the long-term. With DNA, SAC FCU benefits from 24/7 real-time processing, robust retail, mortgage and commercial banking capabilities, and a 360 degree view of its retail and business relationships. With the DNAcreator development toolkit, the credit union’s technical staff can create seamlessly integrated, custom core extensions called DNAapps™ that add new functionality, screens and processes to DNA. SAC FCU can sell its DNAapps to other financial institutions as well as purchase those created by others through the DNAappstore – the first collaborative online marketplace for custom core applications.
UL is pleased to announce that EMVCo has qualified the latest versions of the Collis CPA/CCD Level 2 Test Suites which are used to test card products.
The Collis CPA/CCD Level 2 Test Suites are part of the EMVCo test suite portfolio and test whether a card works according to EMVCo standards for CPA (Common Payment Application) and CCD (Common Core Definitions). The benefit of these test suites is that tests can be performed during the development process of a card so that any errors that may come up during certification are discovered during development. The Collis CPA Level 2 Test Suite (version 1.0.i) is designed to test EMV application behavior on CPA cards while the Collis CCD Level 2 Test Suite (version 4.3.b) is aimed at testing the minimum functionality required on a card to run an EMV transaction.