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.
Virtual Piggy partnered with Payelp Global e-commerce and business development platform, currently used by companies such as Valve, Riot Games, Skype, Apple iTunes, and PayPal. Their payment service processes over 446,000 transactions per minute and is available in over 74 countries on 300 different payment gateways. Virtual Piggy will integrate directly into the Payelp framework. Virtual Piggy is the only COPPA-compliant payment technology designed to allow retailers and game publishers to reach under 18 consumers in a safe, legal and effective manner. The award-winning technology serves as a family wallet that is available online or via mobile, and is 100% free to use. Virtual Piggy promotes financial management while empowering youth under 18 to make purchasing, saving and other money management decisions for themselves, within a parental controlled environment.
Jack Henry & Associates technology solutions and payment processing services primarily for the financial services industry, announced the formal launch of PointMobility, the real-time retail and commercial banking iPad App that provides anywhere, anytime functionality. PointMobility leverages capabilities available with the company’s goDough mobile banking solution and introduces new commercial banking capabilities. The PointMobility tablet App supports traditional in-branch and online transactions such as balance inquiries, funds transfers between accounts, electronic bill payments, alerts, transaction viewing; and accommodates all account types, including checking, certificates-of-deposit, money markets, loans, and lines-of-credit. Commercial functionality includes the ability to release wires and ACH batches, and manage positive pay exception items.
CO-OP Financial Services (www.co-opfs.org), a credit union service organization, plans to introduce mobile card controls and alerts capabilities that allow members to set card controls based on their preferences, such as transaction type, merchant, location and payment thresholds. Members of credit unions will also be able to perform specific self-service functions, including balance inquiries and fund transfers. Card control and alert technology protects the cardholder as well as the credit union when a card is used in a way that’s inconsistent with the user-identified parameters. Controls can be set by the cardholder so that specific types of transactions are immediately denied and the cardholder is alerted about any potentially fraudulent use. Soon, credit unions will be able to offer their members new ways to more fully manage card use and security.
Hack The High Street was hosted by Birdback, a card-linking and retail technology startup, in partnership with Vendorcom and was sponsored by American Express. Each retailer highlighted some of the latest innovations taking place within their verticals and some challenges they are facing as retailers with high street presence. These included topics around the importance of sustainability, improving customer experience in-store, improving click and collect and the retail experience as a whole. Following the keynotes 15 teams were formed, which worked tirelessly through the weekend to build their products from the ground up and present before a panel of judges. The team from American Express was awarded first place for its interactive advertising product that would work based on facial recognition and adjusted its content and message depending on the viewers’ physical distant from the advertisement.
Square has eliminated holds and deposit limits on manually entered transactions in the U.S. Funds from both swiped and non-swiped payments will be deposited in merchants’ bank accounts within 1-2 business days, a crucial advantage for local sellers who typically don’t take payments in person, such as caterers and contractors. The move is an important step to further remove barriers to growth for local businesses, and makes Square an industry leader in eliminating deposit limits and related holds for customers. Removing deposit limits and related holds is the latest step by Square to upend financial norms and make running and growing a business easier than ever for merchants.
SumAll partnered Simplify Commerce by MasterCard, allowing its merchant clients to accept e-commerce and mobile commerce payments in a matter of minutes. SumAll’s data visualization service is unique in the world of SaaS (Software as a Service) and now serves more than 100,000 companies from small and medium-sized businesses to Fortune 500 companies. At its heart, SumAll connects data to provide real-time correlations as to what is driving revenue and marketing efforts. The service lets operators leverage their data to make better business decisions, improve sales, increase customer service and maximize their profitability. Adding Simplify Commerce™ by MasterCard to SumAll’s services offers a new dimension to the company’s powerful range of online and offline data partners that, when analyzed together, allow SumAll users to gain unparalleled marketing and business insights.