CSR data compliance solutions is set to share the “PCI ToolKit” Mobile Merchant Module and the addition of the P2PE-HW Self-Assessment Questionnaire (SAQ) at the 6th annual PCI SSC North American Community Meeting at the Walt Disney World Swan and Dolphin Resort. CSR invites attendees to meet at Booth #212 in the Vendor Showcase where CIPP privacy professionals, certified by the International Association of Privacy Professionals, will address the needs of acquirers and merchant service providers to find new ways to increase revenues while preserving the integrity of their portfolios.
FIS banking and payments technology announced its client base for mobile has increased more than 150% since the year ago period thanks to recent launches of solutions for tablets, mobile wallet and business mobile. FIS also said that adoption by bank users or consumers of its mobile offerings has climbed more than 200% year-over-year. Bank customers have enjoyed the convenience of using their smartphone cameras for check deposits, reflected in the more than $1 billion in deposits made with FIS’ client institutions since those clients made mobile banking services available to their customers.
Acculynk has acquired PayLeap e-commerce payment gateway platform and merchant services ISO to form Acculynk “Direct.” Providing an acquirer with the ability to offer Internet PIN debit to small and mid-market merchants, Acculynk Direct will provide full service payment processing and payment gateway solutions to small and mid-size merchants, and a full affiliate program to partners and resellers. Additionally, Acculynk Direct plans to provide a full suite of developer-oriented tools to provide simple integration of the service into mobile merchant applications and e-commerce sites. PayLeap brings to the table fraud management tools, tokenized cardholder data vault, hosted payments page, online secure checkout, recurring payments, and a co-branded virtual terminal.
EMVCo and the NFC Forum will optimise the development and testing process of NFC mobile devices for vendors, aligning specifications and cross-recognition. This will offer benefits to stakeholders involved in EMV-related NFC use cases and products in the contactless payments industry by reducing product time-to-market and decreasing certification costs. Activity will focus on Level 1 functionality, which covers contactless communication protocol. Initial efforts will centre on outlining the scope of work and the specifications to be covered. These efforts will be followed by a gap analysis to identify and examine specification differences, agree on specification updates where necessary and how agreed amendments will be collectively managed.
Invapay payment aggregator selected Earthport cross-border payments service provider to deliver a fully automated cross-border international payments service. With this, Invapay will leverage Earthport’s payment platform to provide an end-to-end solution that enables a ‘one-stop shop’ for international supplier payments offering greater efficiencies and cost savings. Invapay is a regulated provider of procurement and electronic payment services connecting corporate buyers and vendors worldwide to settle cross-border payments without having to develop individual relationships with overseas banks. With Earthport’s international reach and payment automation capabilities Invapay can now provide an end-to-end automated procure-and-pay solution.
Virtual Piggy’s safe e-commerce solution for youth under 18 is attractively positioned to benefit from increasing interest in payment platforms. This is as E-commerce continues to see a healthy level of growth, particularly with increasing innovations in mobile payments and growth in mobile-commerce projected to be $10 billion (Internet Retailer). It also due in part to parents having initiated lawsuits against industry leaders, such as Apple and Facebook, contesting payment transactions entered into by children, exposing potential liabilities in delivering products and services to children. Virtual Piggy- rather than displace existing payment systems- enhances many current commerce platforms to leverage an attractive Under 18 segment and should therefore see quick adoption.
Online Resources Corporation financial technology services opened its Metro Atlanta office with the focus to gain the capacity to recruit local payments professionals. This as ORCC announced its one-year anniversary of its India office and the addition of 80 new employees. Both new offices will increase the capabilities and delivery options of its banking and bill pay solutions, further solidifying the company as a technology leader in the digital financial space within the U.S. and global markets.
TSYS JV partner, Central Payment Co., has been named one of the fastest growing private companies in the United States by Inc. magazine for the third consecutive year. Inc. ranked Central Payment as number 1,562 in its annual list of the 5,000 fastest-growing private companies in the U.S. This ranking places Central Payment in the top third of all companies ranked and positions it as the 89th-fastest growing company within the financial services industry. TSYS announced its JV with Central Payment, in which its holds 60%. Its focus is on payment processing for merchants in the restaurant, personal services and retail sectors through TSYS technology.
The newly-established PaidThx social payment network is set to make its public debut. Allowing users to replace their cash and checkbooks with their smartphones on Android and iOS smartphone applications, the PaidThx social payment network also lets customers transfer money with friends, family, and their favorite organizations quickly and easily. It lets users can send and receive money with all of their contacts, no matter where they bank using a smartphone, computer, or popular social media sites.
Datacard Group secure ID and card personalization solutions announced Sebastien Tormos, director of mobile solutions business development for Datacard Group, will be speaking at the Mobile and Contactless Payments 2012 conference on September 25-27 in Australia. Tormos has extensive international experience in product and business development. He has led numerous initiatives in Datacard Group, and has most recently been focused on the financial and mobile payments industry. Prior to joining Datacard Group, he helped pioneer the development of smart card solutions in the financial and telecom sectors in Europe.
mopay payment solutions for online merchants released its customer study on consumers’ spending behavior using direct carrier billing, indicating over 50% of direct-to-carrier billing purchases were made by returning customers and revealed new findings about purchases made in the gaming and online dating industries. With high conversion rates compared to other payment methods, mopay converts between 52-63% of all first-time customers within a six-month timeframe. It also shows every one of the major mobile payments’ industries saw an increase in spending average. From slight increases in online gaming (around 10 percent) and leveling off at around $4.50 USD, to drastic increases in social communities of almost 40 percent, passing $5 USD in 2011. Meanwhile, online dating with direct-to-carrier billing spending averaged over $6.50 and is growing by 25%.
Fiserv made enhancements to its “Signature” bank platform for large to mid-tier U.S. financial institutions for extensive market and client input. Renamed “Signature 12.1,” the enhanced platform delivers solutions that enable banks to generate growth and improve efficiency. Advanced capabilities include the opportunity for financial institutions using Signature to: employ an enterprise level pricing strategy for all account types across retail, commercial and wealth management customer bases; expand and enhance commercial lending capabilities; and fight fraud and manage risk on the front line of their organizations. Upgrades involve Relationship Pricing and Analysis; an Onboard Advisor; and Commercial Lending for Signature 12.1. Other enhancements in Signature 12.1 include heightened efficiency in retirement processing.