PayPlum Solution Achieves PCI DSS Compliance

PayPlum Enterprise PCI has achieved validation and listing of the PCI PA-DSS Version 2.0 specification. Implementing PayPlum’s PA-DSS 2.0 compliant software before the October 2013 deadline, allows merchants and software companies to reduce PCI-DSS validation complexity, time and cost for deploying new ‘card-not-present’ payment applications, while ensuring that their software is more secure. The updated PA-DSS 2.0 standard is in effect for new payment applications until October 28th, 2016. PayPlum Enterprise PCI software is available for deployment in two different configurations. Merchants can choose to install PayPlum software in their own, secure data center within a smaller footprint, limited access, and vastly reduce PCI scope install it in a ‘ready-to-deploy’ private PCI compliant managed cloud environment.

Western Union Touts New Options for International Travel

Western Union announced their prepaid card just for travelers and an option for travelers to send a Western Union Money Transfer® transaction to themselves. This development will address the market segment relying on cash while traveling, and those who prefer to use a payment card. Western Union now gives travelers the option to send a money transfer to themselves prior to leaving for a trip. For transfers to most countries, the foreign-exchange rate is determined when the funds are sent, so travelers know exactly how much will be waiting for them in cash when they arrive at their destination. For travelers who prefer the convenience of card payments, the general-purpose reloadable (GPR) Western Union TravelWiseTM Prepaid MasterCard is a convenient and fee-friendly alternative to carrying large amounts of cash.

First Data & Webster Bank Extend Services Agreement

First Data electronic commerce and payment processing and Webster Bank, N.A., a wholly-owned subsidiary of Webster Financial announced a new long-term deal extending their merchant services partnership. First Data will continue to provide merchant processing services to Webster’s customers at its 167 banking offices throughout the northeastern United States, allowing Webster clients to gain access to First Data’s full range of point-of-sale payment solutions.

Moneris Integrates Payments Gateway With New Partner

Moneris Solutions payment processors announced a strategic partnership with Henry Schein MicroMD practice management and electronic medical records management software. For this, Moneris will integrate its proprietary eSelectPlus payments gateway with encrypted card reader functionality into the upcoming new release of Henry Schein MicroMD’s Practice Management (PM) software, enabling Henry Schein MicroMD customers to process patient credit and debit card payments directly through their MicroMD PM software. By eliminating the need for a traditional credit card terminal or stand-alone payment system, the new integrated solution will substantially reduce payment processing and equipment costs; the integrated card reader, which encrypts cardholder data before it reaches the Henry Schein MicroMD PM, helps protect patient account information and keep practices within the scope of PCI-DSS compliance.

Young EMV Migration Forum Already Hits Milestone

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The EMV Migration Forum has already hit a milestone since its inception 4 months ago, growing to 100 members from the payments industry. Membership now includes global payment brands, financial institutions, merchants, processors, acquirers, regional debit networks, device manufacturers and industry associations. The Forum, an independent organization created by the Smart…

TSYS Partners New Bank, Inks Payments Agreement

TSYS signed a long-term agreement with Merrick Bank, a subsidiary of CardWorks, for undisclosed financial terms. This will provide flexible solutions for Merrick’s independent sales organization (ISO) partners, including point-of-sale (POS) solutions, authorization, settlement, reporting, managed services and risk mitigation solutions. TSYS supports financial institutions, businesses and governments in more than 80 countries, offering merchant payment-acceptance solutions as well as services in credit, debit, prepaid, mobile, chip and healthcare.

Fuze Network Processes Over 3.5mm Transactions

Fuze Network now lets consumers make cash payments on virtually any card and processed more than 3.5 million transactions in 2012. The Fuze “reCHARGE” Network has provided consumers with a simple way to send funds to credit cards as payments, to debit cards as deposits and to prepaid cards as loads. This Network routes transactions to more than 14,000 financial institution card issuers and is directly promoted to cardholders by many of those, including Citi Bank, First Premier Bank and Merrick Bank. The reCHARGE Network expands the number of retail locations in which a consumer can make a payment or load a card; increasing card usage. There are currently 150,000 integrated retail endpoints with access to the Fuze reCHARGE Network, including Pay-O-Matic, ACE Cash Express, Fidelity Express and additional partners planned to launch in 2013.

CardinalCommerce Partners Virtual Piggy for eCommerce Access

Virtual Piggy has announced its partnership with CardinalCommerce to integrate its youth payment technology into their Centinel Universal Merchant Platform. Virtual Piggy allows parents to set up a monthly allowance for their children and promotes financial management while empowering U21s to make purchasing, saving and other money management decisions for themselves, within the boundaries setup by their parents. Cardinal facilitates authenticated payments, secure transactions and alternative payment brands both for eCommerce and mCommerce.

Retail Decisions Expands Fraud Protection Folio

ReD fraud prevention services announced it is teaming PAY.ON AG payments processor platform to offer card-not-present payment fraud prevention services to PAY.ON’s global network of payment service providers (PSPs). PAY.ON’s customer base can now benefit from the integration of ReD Shield®, ReD’s real-time fraud prevention service, into PAY.ON´s white label Platform-as-a-Service, PaySourcing, and PayPipe, the independent payment routing gateway. This will enable payment providers as ISOs, or other service providers, acquirers and financial institutions to become fully equipped PSPs in 48 hours or to outsource their entire PSP business into the cloud. The ReD Shield provides merchants and PSPs access to fraud prevention tools and techniques without the need for in-house investment.

Wells Fargo Ranks #1 Consumer Remittance Services Provider

The Inter-American Dialogue released a study today naming Wells Fargo & Company a top ranking consumer remittance services provider. Wells Fargo tied for first place with two other companies, out of a field of 37. The Inter-American Dialogue is the leading U.S. center for policy analysis, communication and exchange on Western Hemisphere affairs. This after Wells Fargo announced record growth for its Global Remittance Services and reported total consumer remittance value remitted in 2011 at $1.8 billion. Wells Fargo ExpressSend customers can send funds to their beneficiaries in most countries through their choice of four remittance alternatives- account to account, account to cash, cash to cash, or cash to account.

Fiserv Upgrades UChoose Rewards Solution

Fiserv upgraded the UChoose Rewards mobile application on rewards and loyalty which provides merchant-funded and issuer-funded rewards capabilities for financial institution clients. This provides UChoose Rewards participants an expanded mobile search and online point redemption capabilities that allow them to identify opportunities to earn points through the mobile platform. The application provides a customized map to the locations of participating merchants, enabling UChoose Rewards participants to see available offers from merchants that will earn them bonus points. Participants shopping in stores can scan UPC codes on merchandise to determine if the item is available through their rewards program and how many points are required to purchase it, continuing the program’s award-winning service and innovative solutions.

AJB Simplifies PCI Security Compliance

AJB Software Design integrated payment solutions announced that its FIPay payment products achieved PCI’s PA-DSS 2.0 validation, and its RTS products are projected to be PA-DSS 2.0 in advance of the October 28th, 2013 deadline. The deadline requires merchants to upgrade from the existing PA-DSS version 1.2.1. AJB provides merchants with an easy way to pre-validate their payment applications. Existing AJB customers using PA-DSS 1.2.1 validated products are eligible to receive PA-DSS 2.0 security patches.