Visa and PULSE signed agreements to enable financial institutions that issue EMV debit cards on both the Visa and PULSE networks to use Visa’s common debit solution. Visa’s common application identifier (AID) supports U.S. debit regulations requiring the ability to route transactions over multiple, unaffiliated networks. A common debit solution shared among all participants will help to accelerate EMV chip adoption in the United States and provide a uniform platform that will enable network innovation. PULSE will use functionality on Visa’s common AID to facilitate all types of point-of-sale debit transactions on its network. In addition, the agreement enables PULSE to facilitate domestic ATM transactions on its network and provides for issuer choice in the routing of ATM transactions.
USA Technologies enhanced its ePort Connect service that expand and strengthen its menu of value-added cashless payment, telemetry and consumer engagement services designed for self-serve retailing industries such as vending, amusement and arcade, commercial laundry and kiosk. The upgrade includes special enhancements such as secure card tokenization, new capabilities designed to optimize USAT’s loyalty and prepaid program, MORE., in micro-market environments and new operational tools designed to provide customers additional real-time data about the status of their connected devices. Information regarding some of the latest enhancements to ePort Connect® follows.
Sionic Mobile announced it has added and now features the ability to pay with Google Wallet in its ION Rewards® app for Android, available for free in Google Play. For a limited introductory period, users will get paid double ION rewards, two percent of their purchase amount, each time they checkout using the “Buy with Google” option. ION is the first fully digital cloud-based mCommerce platform and may be used at more than 25,000 retail and restaurant locations including Lowe’s, Staples, Sephora and Papa John’s Pizza.
SmartMetric expects that its motions which it has brought in its patent infringement law suit against both Visa and MasterCard to be heard by the US Federal Circuit Court this coming May.
If, as expected, the Court’s hearing is held in May, then a ruling can be reasonably expected by June 2014. SmartMetric is asking the Federal Circuit Court to make a ruling on its motions before the Court that both defendants, Visa and MasterCard are in control of the EMV technology used on the new chip credit and debit cards and therefore are liable as patent infringing parties. In representations to the court Visa and MasterCard have denied they “control” the offending technology therefore should not be held liable. SmartMetric believes this to be a preposterous position of the card company’s especially in the light that both company’s expert witnesses under oath in deposition have acknowledged that Visa and Mastercard do control the technology.
GlobalPlatform has qualified the Collis Compliance Test Suite for GlobalPlatform Common Implementation Configuration for Amendment D and E. The Collis Compliance Test Suite for GlobalPlatform Common Implementation Configuration implements the official test plan developed for the GlobalPlatform Compliance Program. The test suite ensures the compliance of the core features of a card that implements GlobalPlatform Card version 2.2.1 technology. This includes the enhanced security options from Amendments D and E. This test suite has achieved qualified status under the GlobalPlatform Compliance Program. GlobalPlatform has extended its compliance program to provide a formal framework that enables the creation and qualification of test tools that can now be used to confirm the compliance of a card product to the association’s Card Specification and different configurations.
Online identity proofing service miiCard today announced a cooperation with eMerchantPay, a trusted international payment processor, to offer its merchants a secure, compliant payment processing platform in combination with the miiCard service that eliminates payment fraud and enables higher value transactions. miiCard’s patented identity verification solution, enables merchants around the world to conduct high value transactions purely online while eliminating identity-related chargebacks and Card Not Present fraud. As a consumer-driven identity service, miiCard provides a seamless, real-time verification experience before the payment process that establishes the customer’s identity to the same level as an in-person photo ID check.
HyperWallet global payments provider announced Karrot launched branded prepaid card services for a unified payment solution for its loyalty and reward payment solutions. Karrot provides online loyalty and reward program solutions for a wide variety of companies. With a deep understanding about the impact of motivation, Karrot builds loyalty programs that promote the desired behavior and foster strong, long term relationships. hyperWALLET’s branded prepaid card program will provide Karrot with a streamlined payment solution in USA and Canada that allows earned loyalty funds to be made available to recipients instantly in local currency onto prepaid cards that can be used at ATMs, point of sale, or online.
Comtrex Systems EPOS partnered Eagle Eye digital consumer engagement solutions. Eagle Eye AIR allows merchants to easily connect with potential and existing customers to deliver relevant offers, rewards and services that can be redeemed securely through any POS. Following a successful engagement supporting the Tesco Clubcard Boost programme with high street brands such as Zizzi, Prezzo and Ask, the EPOS provider expanded the Eagle Eye AIR platform into all existing points of sale. Based on the results of current merchants using this programme, switching from paper to digital vouchers will see a quick ROI including a reduction in operational costs, the elimination of fraud and an improved customer experience. The platform enables real time validation providing merchants with improved insights into consumer activity which can be used in future digital marketing campaigns to personalise offers.
CardinalCommerce remote commerce received new intellectual property protection with regard to technology that expands its Universal Merchant Platform invention, related to its tokenization technology, in the form of patent US 8,645,266 B2. The United States Patent and Trademark Office (USPTO) awarded Cardinal the patent on February 4, 2014. Cardinal’s Universal Merchant Platform technology includes a system for securely processing Consumer Authentication for applications including eCommerce. The company’s patents on the invention date back to 2002. The new patent provides further and strengthened protection for Cardinal’s tokenization technology within the Cardinal Centinel® platform.
GoNow Technologies has been granted a patent by the U.S. Patent and Trademark Office for two-way, secure, wireless communication between a smartphone or other computing device and a reprogrammable card with data storage in a fully encrypted, secure element on the GoNow Card. The value of a reprogrammable card, paired with an eWallet on a smartphone, has now been recognized as the key way to enable 100% acceptance of phone based eWallets. When paired with any eWallet application on a smartphone, a single reprogrammable GoNow Card can store more than 50 credit, debit, ATM, loyalty or gift cards. The user simply selects the payment or other card on the phone eWallet, or from a set already on the card, and the magstripe on the card is instantly programmed with the key data for the card selected. The GoNow Card can then be used at any traditional magstripe, Dip, ATM or other reader, with no changes necessary to current retailer terminals or back office systems.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Leading Economic Index® (LEI) for the U.S. was up 0.5% in February to 99.8 after a 0.1% increase in January and a 0.1% drop in December. The LEI increased sharply in February, compared to recent monthly figures, suggesting weather-related stifling is over and consumer spending in 2H/14 will…
An automated teller machine (ATM) with no card reader. Pre-staged withdrawals on smartphones. Cardless transactions. And everything managed via the cloud. A new era of banking, inspired by the Millennial generation, is dawning at Diebold Federal Credit Union (DFCU), where an innovative ATM from Diebold, Incorporated and a mobile wallet solution are allowing members to complete self-service transactions and make retail purchases without using physical debit or credit cards. DFCU is piloting the world’s first ATM without a card reader or PIN pad that relies solely on mobile authentication. When a consumer scans a unique QR code at the ATM using a smartphone, the ATM authenticates the user via cloud-hosted services to enable secure, cardless transactions.