Virtual Piggy youth payments will provide its youth-friendly payment system to Marvelous USA, the US-based publishing operation of MarvelousAQL. Its two divisions, XSEED Games and Marvelous Online, release games that are available on the Xbox 360® games and entertainment system from Microsoft, PlayStation®3computer entertainment system, PlayStation®Vita, Nintendo 3DS™ hand-held system, Wii™ and mobile platforms among others. Marvelous USA’s titles include Ninja Warrior, Cross Horizon, Shin Megami Tensei Imagine and Pandora Saga. Virtual Piggy technology serves as a family wallet that is available online or via mobile, and is always 100% free to use.
MasterCard is launching Priceless Aruba, in partnership with the Ministry of Tourism and the Tourism Authority of Aruba. Aruba is the fifth city in the Caribbean to join MasterCard’s Priceless Cities program. The program offers MasterCard cardholders extraordinary experiences, exclusive offers and privileged access in their home city and cities around the world to not only make MasterCard their top of wallet choice but also bring a little more priceless to their life. Through MasterCard’s innovative Priceless Aruba program, cardholders will receive offers and discounts on products and services at over 30 participating merchants when making a purchase with their MasterCard®. Cardholders can access the complete list of offers and benefits at www.pricelesscities.com, or through printed guides distributed at high traffic areas like the Aruba airport, as well as at participating shops, restaurants and hotels.
Sysnet Global Solutions, a leading provider of Payment Card Industry (PCI) compliance management services specialising in PCI DSS and merchant intelligence solutions, announced that it has appointed Branden Williams as EVP Strategy, with ownership of global sales and marketing. Branden has over fifteen years of experience in technology and information security with a formidable background in the majority of the technologies that drive today’s businesses. After spending the first several years of his career working with education institutions and internet service providers to secure their infrastructures, Branden co-founded an IT consulting business that was later sold to a venture capitalist. Branden holds a Masters of Business Administration from the University of Dallas and is a current doctoral candidate in business intelligence at Capella University.
BPC Banking Technologies, the leading provider of Open System payment solutions for the global financial industry, reports on the successful completion of set of audited performance and availability tests for SmartVista. The tests were conducted at the IBM Systems Solution Centre Labs in Bangalore, and were audited by KPMG. During the test, BPC’s switch solution, delivered peak performance of 2,932 TPS (transactions per second) with 40% server utilization, demonstrating that the configuration had ample capacity for growth. The tests were designed to replicate real-world situations, operating under very high transaction loads. These outstanding results prove that SmartVista can support the volumes generated by extremely large ATM networks, as 2,932 TPS equates to an ATM network with more than 520,000 ATMs carrying out 10.5 million transactions an hour. During the 2 hour stress test, SmartVista sustained an average of 1,875 TPS, which equates to an ATM network with more than 330,000 ATMs operating at full capacity.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit up a staggering 7.5% in June from last year to an adjusted $857B, it continued to erase all positive momentum seen in 2013. The second highest outstanding total of the year, June revolving credit outstanding is still not as high as the year…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average credit card APRs were down slightly in August to 14.95% after jumping .03% in July to 14.96%. This follows a relatively lengthy period of APR stagnation through the winter and well into the spring. Typically, card rates drop off from January to February, as was the case last year when…
VeriFone Systems announced its “Way2ride” mobile app that allows New York City taxi passengers to get in, tap, and get out the moment their ride is over. The “Way2ride” is available for iOS and Android smartphones, makes the taxi experience faster and easier for New Yorkers and business travelers by enabling riders to pre-load payment information and preferred tip amounts. Once inside the cab, passengers can pay at any time with a tap of their phone. At the end of the trip, riders can simply get out of the taxi and get on with their day. Digital receipts are stored in the app and accessible at Way2ride.com for easy tagging and expensing of business trips. After the New York launch, VeriFone will be expanding Way2ride acceptance throughout its network of more than 70,000 payment-enabled taxis worldwide. Way2ride uses VeriFone’s patented Zoosh sound-based technology to check passengers into their ride, allowing for secure transmission of payment information through the cloud.
The PCI Security Standards Council published PCI Data Security Standard and Payment Application Data Security Standard (PA-DSS) 3.0 Change Highlights as a preview of the new version of the standards coming in November 2013. The changes will help companies make PCI DSS part of their business-as-usual activities by introducing more flexibility, and an increased focus on education, awareness and security as a shared responsibility. The seven-page document is part of the Council’s commitment to provide as much information as possible during the development process and eliminate any perceived surprises for organizations in their PCI security planning. Specifically, the summary will help PCI Participating Organizations and the assessment community as they prepare to review and discuss draft versions of the standards at the 2013 Community Meetings in September and October.
Jack Henry & Associates payment processing services announced that Bank of the Sierra has selected its SilverLake System core processing platform to provide enterprise-wide automation. In addition to SilverLake, Bank of the Sierra will initially implement an array of Jack Henry Banking’s complementary solutions including ArgoKeys DepositKeys account opening and administration; Vertex Teller Automation System; Vertex Teller Capture; NetTellerOnline Banking; iPay Consumer Online Bill Pay; the iPay Biz 2.0 small business online bill payment suite; goDough mobile banking; OurCashFlow online financial management (OFM); Opening Act online deposit and loan account opening; Electronic Statements’Interactive; DirectLine Wires; DirectLine International; Remote Deposit Capture, Remote Deposit Anywhere (RDA) mobile and flatbed remote deposit capture; Cognos 10business intelligence and enterprise reporting; Smart GL general ledger reconciliation and compliance; Relationship Profitability Management (RPM); and components of the Synergy Enterprise Content Management (ECM) solution; components of the Yellow Hammer fraud detection and prevention suite; the Gladiator security services suite; Centurion Business disaster preparedness and recovery services; jhaCall Center; and more.
Capital Bank has partnered with Diebold, Incorporated (DBD) to standardize its ATMs and support services. Diebold installed 170 Opteva ATMs, 100 of which feature deposit automation capabilities along with comprehensive integrated services to manage the fleet. Through multiple acquisitions over the past two years, the bank’s network included ATMs from several manufacturers that were supported by various vendors. Capital Bank recognized it would be best served by a single source for the delivery and management of its ATM fleet. Through its ATM Endpoint Protection by Symantec™ and software deployment service Diebold will maintain up-to-date anti-virus and operating system software, as well as security patches and provides 24/7 ATM status monitoring, notification, remote diagnostics and failure resolution to keep Capital Bank’s ATMs up and running.
Seamless payment solution for mobile telephones, SEQR, is to be launched for both Windows 8 and Windows Phone, and will be integrated with Windows Phone Wallet. Seamless was founded in 2001 in Sweden, and now has a presence in around 30 countries. The launch of SEQR on Windows platforms is strategically important in order to consolidate the position of Seamless as the leader for mobile payments. SEQR will be implemented in Microsoft’s app-stores, Windows Store and Windows Phone Store in all Seamless markets in 2013.
PSI-Pay e-wallet and payment card issuer announced its contactless payments with its cards in conjunction with MasterCard’s PayPass functionality. PayPass allows PSI-Pay cardholders to make purchases for under $20.00 by tapping the MasterCard or Maestro-enabled card or device over a reader. MasterCard’s PayPass technology is integrated with layers of protection to help prevent unauthorised purchases and contactless payments can be made via cards, and enabled wristbands and watches. Contactless payments are made using a unique encrypted code to secure data and safeguards are also in place to bill only one in case a user taps their card or device more than once by mistake.