AGNITiO and fellow FIDO Alliance founding member Nok Nok Labs, a company founded to transform online authentication for modern computing, announce the world’s first demonstration at CES of a FIDO Ready™ Voice iD implementation, showcasing the market-transforming benefits of spoken voice authentication and identification for digital transactions. The Agnitio and Nok Nok Labs FIDO Ready™ demonstration shows how Voice ID and Nok Nok Lab’s Multifactor Authentication Client can be integrated into a mobile application to perform voiceprint-based strong authentication. The solution shown illustrates how FIDO-based authentication can replace the use of passwords to log in or confirm an e-commerce payment. This combination of Nok Nok Labs and AGNITiO FIDO Ready™ product empowers users of online, mobile, and point-of-sale applications to conveniently access sites and services, and perform transactions that are more secure, private, and easy-to-use.
mCards, a mobile payment system launched by New Media Insight Group, Inc. helps users prevent their personal information from falling into the wrong hands by generating credit card numbers that can only be used once and expire after 20 minutes. When consumers sign up, they link their mCard to an existing bank account or credit card, which allows them to add money to their account. They will then be able to access a virtual credit card on their smartphone that they can use to make purchases at any merchant that accepts MasterCard. Because the mCard functions similarly to a prepaid credit card, even if someone did steal the number, the thief could only access the available balance.
UniRush, LLC,announced the appointment of Rick Savard as Chief Executive Officer and Chairman. Savard was CEO of NetSpend from 2004 – 2008. In 2009, he joined the FSV Payments board as a Director and became CEO in 2010, where he led the sale of FSV to U.S. Bank in December of 2012. Previous to NetSpend, he held a number of senior level positions in payments, retail and consumer package goods.
Virgin America announced it will partner with Alliance Data Retail Services, which manages more than 120 private label and co-brand credit programs and is an Alliance Data Systems Corporation business, to launch a new Virgin America Visa Signature® Credit Card and a first-ever Virgin America Premium Visa Signature® Card. Both co-brand cards offer Virgin America guests and Elevate® frequent flyer program members a host of perks to make their travel experience more convenient, flexible and rewarding. Under terms of the multiyear agreement, Alliance Data will partner with Virgin America to provide a full suite of credit and marketing services for the Virgin America Visa Signature Card and will leverage its full suite of acquisition tools along with its marketing and analytics expertise to drive cardholder spend and further support one-to-one customer engagement.
FuturePay is now integrated with Drupal Commerce, a leading open source eCommerce platform. The FuturePay module is available for free and provides shoppers with a new payment method that is secure and convenient. Instead of entering multiple fields and credit card information, FuturePay shoppers can check out in one step, putting purchases on their FuturePay Tab with just their username and password.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The latest figures from the Federal Reserve show consumer revolving debt is now rising more than than 6% year-on-year, for the first time since the “Great Recession.” The latest monthly figures indicate total consumer credit card grew 6.1% in October, compared to -0.3% in September and 1.4% in August. However, RAM…
Infinite Peripherals, Inc. (IPC) today introduced the Infinea BluePad, a mobile payment solution that includes PIN entry, a contact chip smart card reader and a magnetic stripe reader with Bluetooth connectivity. Compatible with iOS and Android (OS 2.1 or higher), the Infinea BluePad can operate either as a stand-alone mobile device or as a companion to IPC’s mobile peripheral devices, including the Linea Pro® and Infinea Tab,® which work with Apple®’s iPod touch®, iPhone® and iPad®. The Infinea BluePad features a tactile keypad with 10 numeric and six functional keys, as well as smart card and magnetic stripe readers with three-track hi-coercivity bi-directional reading capabilities. One of the key differentiators that makes the Infinea BluePad product line versatile yet affordable is that IPC does not require a transaction or fee-based contract in order to acquire the device.
Gemalto today announced at CES, the addition of next generation Oracle Java™ ME Embedded version 8 solutions based on Qualcomm Technologies, Inc. (QTI) chipsets to its Cinterion® portfolio of cellular modules and devices. With support for Java and for the SensorLogic cloud-based software as a service (SaaS) platform, the new products enable Gemalto to launch next generation embedded solutions and services that simplify Machine-to-Machine (M2M) technology and speed up application development to expand the growing Internet of Things (IoT). The new products(1) will target applications from medical devices, automobiles and smart meters to shipping containers, home appliances and alarm systems. Gemalto’s new Java enabled products join an existing portfolio of QTI-based modules that span the full range of cellular technologies, from CDMA to LTE.
M&T Bank Corporation announced today that Vice Chairman Michael P. Pinto, 57, has resigned from M&T’s board of directors due to a serious medical condition. However, Mr. Pinto will continue as Vice Chairman of M&T Bank, M&T’s primary banking subsidiary, on a part-time basis in an advisory role. In addition to this change President Mark J. Czarnecki has also been named Chief Operating Officer, effective immediately. Furthermore, M&T announced that Chief Financial Officer Rene F. Jones and Executive Vice President Kevin J. Pearson have been named Vice Chairmen of M&T Bank, and with expanded roles, will now report to Mr. Wilmers as well.
International business and payment platform Payelp Global announced its partnership and integration with Fortumo, which offers merchants “one-click” mobile payments in 79 countries worldwide. Fortumo, which has offices in the U.S. (San Francisco), Europe, China and India, not only offers mobile payments in the U.S. and Europe, but focuses on emerging regions and “hard-to-monetize” regions such as Latin America, Middle East, Africa, Central and Eastern Europe and Asia. Over 100,000 developers have already signed up to offer Fortumo mobile payments, including top developers such as Rovio, Electronic Arts (EA) and Gameloft.
Asta Funding, Inc. today announced the acquisition of an 80% ownership interest in CBC Settlement Funding, LLC (“CBC”) On December 31, 2013, the Company, through a subsidiary acquired 100% of the ownership of CBC and its affiliate, CBC Management Services, LLC, for approximately $5.9 million. At the closing, the operating principals of CBC, namely William J. Skyrm, Esq. and James Goodman, were issued a 20% interest in CBC (10% to Mr. Skyrm, and 10% to Mr. Goodman). William J. Skyrm, Esq. and James Goodman, have over 30 years combined experience in the structured settlement industry. CBC purchases periodic payments under a structured settlement and annuity from individuals in exchange for a lump sum payment. In addition, the Company, through another subsidiary has agreed to provide financing to CBC of up to $5 million.
Mercury Payment Systems, LLC, today announced the launch of Mercury StoreCard™, a gift, rewards, mobile payments and promotions card all in one. Consumers can use the Mercury StoreCard as a gift card or a reloadable stored-value card to earn cash back loyalty rewards on every StoreCard purchase. The Mercury StoreCard can also be converted into a digital gift card via Apple® Passbook® or an Android marketplace app, allowing consumers to pay for purchases with either their physical card or smartphones, creating mobile payment convenience. Consumers can also use their smartphones to view their Mercury StoreCard’s balances, manually or automatically reload their cards, send custom-printed gift cards to their family and friends, and share promotional gift cards via social media.