Cypress Semiconductor announced Ezetap mPOS solutions is using Cypress’s “CapSense Express” controllers in the world’s first capacitive-touch-based PIN-pad in its new MPOS device. The CY8CMBR2016 matrix keypad solution provides the Ezetap MPOS device with a durable user interface, helping it to pass all of the stringent EMVCo and PCI global certifications required for PIN entry devices. Consumer electronics and home appliances have rapidly been transitioning from mechanical buttons to capacitive touch controls. The EMV and PCI certifications are extremely strict due to the need to protect customer PINs against a broad range of attacks, while ensuring compatibility across a range of payment cards. Ezetap was able to go from concept, to certification, to manufacturing in less than a year.
Online identity proofing service miiCard introduced a number of new customers within the financial services industry across a wide range of applications that collectively demonstrate the continued need and push for trust online. Named customers include Allre, Xpenditure, ClearAccount, Bittylicious, and btcQuick. Announced from the emerging payments and financial services conference Money2020, these new customers highlight miiCard’s ability to prove a consumer’s online identity to the level of an offline photo ID check, purely online and in just minutes. miiCard will verify user identity for new Bitcoin exchanges Bittylicious and btcQuick to the level of Anti-Money Laundering and Know Your Customer standards. As Bitcoin exchanges continue to move more mainstream, identity verification is a critical part of meeting these compliance standards. miiCard confirms identity and certifies official bank statements for a number of next generation banking services, including the ClearAccount overdraft protection service and expense management company Xpenditure.
Early Warning fraud prevention with its equity investment and commercial agreement through Payfone. Early Warning will now provide carrier-based device and account owner identity authentication combined with unrivaled financial transaction and identity data, ensuring a secure and seamless mobile experience for financial services customers. Mobile devices are becoming a proxy for identity. By integrating with the network-based authentication capabilities of tier one mobile carriers via Payfone, Early Warning will provide a deterministic level of mobile identity that far surpasses traditional and device-centric authentication measures. By leveraging the same SIM card-based network authentication that mobile operators use to secure their own services, Early Warning can verify account logins and financial transactions with more precision and convenience.
TSYS signed a contract extension with MainStream Merchant Services and will continue providing a full range of services to include authorization/capture and clearing/settlement, as well as bank identification number (BIN) sponsorship. MainStream Merchant payment processing processes more than $1 billion annually in credit card transactions.
Mocapay mobile marketing and payments solutions launched customized mobile program for Denver-based Udi’s Cafés and Restaurants. The new Udi’s branded mobile app will allow Udi’s to issue loyalty and reward benefits to its customers. Udi’s is taking advantage of Mocapay’s mobile marketing to keep customers informed and to allow store managers to bring added value to Udi’s guests. The branded app will offer a full range of loyalty and reward benefits such as Udi’s loyalty program; Ability to earn valuable points; Automatic delivery of earned digital currency; Easy and secure redemption of rewards and offers; Ability to view account activity; Locator to pinpoint the closest Udi’s location and the ability to manage and update an account. The loyalty program rewards one point for every one dollar ($1.00) spent. For every 100 points earned the consumer receives a $10 gift card to spend at Udi’s Restaurants.
Digital River expanded its relationship with PayPal, which also added PayPal Express Checkout and Bill Me Later to its existing PayPal portfolio. The new payments represent the first in a series of PayPal options that Digital River will make available to its commerce customers. These options enhance Digital River’s current payment offering, which today supports more than 40 international and local payment options in more than 170 currencies. Bill Me Later is a PayPal service that enables online shoppers to buy now and pay later. Upon approval, buyers can use this payment option as a secure, instant and reusable credit line. By offering this payment option, Digital River can help its customers streamline the buying experience and increase close ratios by making higher priced products more affordable for an average consumer.
MasterCard announced Beyond the Rack, a North American eCommerce fashion, signed on to provide MasterPass digital wallet. Letting users apply any payment card or enabled device to discover enhanced shopping experiences. The new service provides Beyond the Rack’s broad customer base a convenient and flexible way to pay via the web or on a mobile device. Beyond the Rack joins the tens of thousands of retailers in Canada and the US who are enabling a seamless, secure and speedy check out regardless of where consumers may be and what device they may be using. MasterPass is an innovative digital commerce solution that delivers value to both consumers and merchants for its simplicity and security. Available now at www.beyondtherack.com, shoppers can begin using MasterPass, registering their credit card credentials for a simplified and faster checkout experience.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit up 5.5% in August from last year to an adjusted $848B from 842.5B, continuing to erase all positive momentum seen in 2013. Continuing to grow, the August revolving credit outstanding is still not as high as the 2008 figure of $1trillion and is…
First Data “OfferWise” solution has been integrated with Microsoft’s Bing Offers Card-Linked, which consolidates local deals from a number of deal providers. OfferWise is an open platform that enables retailers to electronically attach offers to any consumer payment card or mobile wallet to allow streamlined and automatic redemption of the offer at the POS. Merchants will now have frictionless redemption of an “offer” or “deal” at checkout without the consumer having to use a paper coupon, voucher or promotion code on their mobile device. Other benefits include no need to change the POS system, no additional effort required to train staff in handling redemptions, and no need to wait for payments from deal promoters.
Acculynk announces support of its PaySecure International authentication solution by major gateways outside the US, including industry leader CCAvenue and other prominent gateways in the Indian e-commerce market. As India’s biggest payment gateway, CCAvenue is among the first payment gateways to process RuPay debit cards. Customers will now be able to use RuPay Debit Cards to make purchases securely and conveniently on thousands of merchants’ websites powered by CCAvenue.
Allied Payment Network announced Steve Paradine, senior vice president of Sales, will present Picture Pay at the Access Softek Annual Client Conference on Oct. 8 at 11:30 a.m. PDT at the DoubleTree by Hilton Hotel Berkeley Marina in Berkeley, Calif. Paradine will showcase Allied’s mobile photo bill pay solution to more than 350 of Access Softek’s bank and credit union customers. Access Softek is a Berkeley, Calif.-based mobile banking software provider. The company’s first client conference will feature an intensive two-day series of panels, sessions and roundtable discussions focused on best practices in mobile banking.
Ceridian completed the legal separation of its Human Capital Management (HCM) and Payments businesses through a series of transactions that result in the Payments business being operated as Comdata Inc. (“Comdata”), and the HCM business being operated as Ceridian HCM Holding. Stuart C. Harvey, Jr. will serve as Chairman of the Board for both Comdata and Ceridian HCM, as well as remaining as the Chief Executive Officer of Comdata. Majority owners and financial partners, funds affiliated with Thomas H. Lee Partners, L.P. and Fidelity National Financial, Inc. remain the same for both Comdata and Ceridian HCM. The award-winning Dayforce HCM cloud solution had approximately 750 live clients as of June 30, 2013. Dayforce HCM is a single application for payroll, benefits, time, scheduling and human resources.