While the payments industry is ablaze with mobile payments technology and potentially huge profits, it will not come to fruition unless consumers are educated on the performance and ease of use of mobile pay services.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Fred Brothers, Executive Vice President of Strategic Innovation of FIS.
Fujitsu Frontech’s G750L bill recycling unit is set to take off. Also, the PalmEntry physical access control as a method of replacing key and combination for access to a safe is picking up steam.
NJ-based KOAMTAC has introduced the KDC500 Mobile POS Companion that combines chip-and-PIN and MSR payment transaction technology with 1D/2D barcode scanning and NFC capabilities that support Android, iOS, Mac, and Windows mobile/PC over Bluetooth technology.
IL-based Zebra Technologies has unveiled a crop
of nine new products, solutions and services in the wake if its acquisition of Motorola Solutions’ Enterprise Business in October 2014. Most notably the Zebra PD40 mobile payment solution which supports mobile payments anywhere in the store using virtually any type of payment card.
Comprion test solutions for cell phones, extends its involvement in EMVCo activities. Testing for mobile payment is now required by the mobile operator association GSMA through their NFC Handset Test Book. Comprion joins EMVCo as a Technical Associate. The company offers its experience and expertise in detecting communication problems of the contactless interface used for mobile payment. Paying by cell phone is certainly a convenient way of purchasing everyday commodities; however, it is also a sensitive topic as the user’s private banking data are involved. A high degree of reliability of the deployed technology relying on comprehensive testing is the key success factor. Without testing, technology problems might lead to a lack of user acceptance. Therefore, the GSMA TS.27 NFC Handset Test Book demands that handsets to be used for mobile payment have to run through the EMVCo test plan.
CardWeb.com’s CardPixes database of more than 7,000 images today features the Simmons First Travel Rewards Platinum Visa.
1-800 Courier, a specialist in same-day delivery, distribution and transportation services has added courier receipt e-mail capabilities. The service provides actual receipts for same-day deliveries to all customers beyond the e-mail order confirmation, for the purpose of record keeping as a invoice and/or company reimbursements.
NY-based StadiumPark is debuting its first payment application this month in Buffalo. The roll-out will at the Allpro Parking lot most conveniently serving the First Niagara Center when the Detroit Red Wings take on the Buffalo Sabers at the First Niagara Center.
Shift4 confirms it is working with Ingenico and Verifone to provide EMV-capable devices that also provide true security against breaches, simplify PCI compliance efforts, and ensure retailers are ready for EMV well in advance of the October liability shift date.
While U.S. credit card outstanding, among the top 4 issuers, were flat year-on-year (Y/Y) in the third quarter, it is likely to grow 2% Y/Y in the fourth quarter (Q4/14) and for all of 2015. Driving the growth is Capital One while Bank of America is hampering the peer group growth.
Atlanta-based Global Payments reported revenues grew 10% to $697.3 million in the fourth calendar quarter (fiscal second quarter 2015 ending November 30) compared to $634.1 million in the year ago quarter.