[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies wireless, cashless payment and M2M telemetry solutions announced for the quarter ending June 30th projected total revenue of approximately $8.0 million, compared to $6.9 million in the year ago period. Meanwhile, transaction fees are expected to total $6.4 million, an increase of approximately 27% from 4Q/11 and recurring revenues…
American Express has launched its “PAYVE” digital payment service, allowing large and mid-size companies to centralize the processing of multiple payment methods through a single, easy-to-use electronic platform. Payment methods include check, ACH, international wire and American Express’s web-based payment solution, Buyer Initiated Payments (BIP) allowing companies to improve working capital and cash flow management while streamlining accounts payable (AP) processes. The “PAYVE” solution allows companies to consolidate payments through a single platform to increase control, efficiency and transparency of their payables and accelerate their migration from paper check to electronic payments to reduce costs and make their accounts payable process more efficient. Clients simply send a file to American Express that can include instructions for multiple vendors and various payment methods. American Express will then direct payments to each supplier using the designated method – check, ACH, international wire or BIP.
Bluepoint Solutions RDC, item processing and enterprise content management solutions appointed Robert Loughrey, chief technology officer (CTO) to oversee Bluepoint’s product development, quality assurance, professional services and customer support. Bringing with him more than 25 years of experience managing research and product development initiatives, Loughrey is a proven manager of both projects and people, his vision will play a key role in Bluepoint’s continued expansion into bank and credit union markets, as well as the development of new channel partnerships. He was also the senior program manager of PatientSafe Solutions, where he led three major software releases within 15 months and a group engineering manager at Intuit, where he implemented Agile development methodologies like Scrum, which allowed for the quick development and delivery of two leading-edge products.
Digital River enhanced its Digital River World Payments solution to include cloud-based subscription billing, allowing merchants to increase recurring revenue across global markets as well as optimize the entire payment lifecycle from subscription initiation through the commerce transaction and payment. Digital River has offered subscriptions as part of its Global Commerce™ enterprise solution for more than a decade and is now extending that deep experience to the Digital River World Payments solution. The new integrated offering provides merchants access to both global online payment processing and a cloud-based subscription billing service via a single solution, a unique differentiator among competitive subscription solutions. It offers compliance management for subscriptions; customizable billing models; and support during pre-and post-transaction stages.
Mako Networks network management and security company is now certified for a third consecutive year as compliant with the PCI DSS. Having met the more than 200 requirements of the PCI DSS, Mako was the first network management company in the world to pass the rigorous audit process in 2010, the highest security clearance attainable for protecting credit card data. The audit culminates in an annual worldwide Report on Compliance (RoC), issued for 2012 by Verizon Business, which attests to the overall security of Mako’s solutions, including a cloud-based Central Management System, and network appliances installed at customer locations. Merchants that use the Mako System to protect their payment card data can apply the Mako RoC in their own annual audits, drastically reducing the scope and number of technical questions they’re required to complete.
Payment Data Systems electronic payments solutions provider selected the industry leading “Excrypt SSP9000” hardware security module from Futurex for deployment with its “iRemotePay” mobile application. The “iRemotePay” platform is a wireless mobile payments app, initially deployed for the iPhone®, iPad®, and iTouch® to process credit card and ACH payments (e-Checks) over the wireless networks from remote locations and view these payment transactions while away from the office. The “Excrypt SSP9000” is compliant with both current and emerging audit requirements, including ASC X9.24 – Part 1 and Part 2, FIPS 140-2 Level 3, and PCI HSM. During payment transactions, sensitive cardholder data is immediately encrypted at the point of capture by the iRemotePay mobile application and then decrypted by the Excrypt SSP9000 behind a secure boundary, ensuring full end-to-end protection.
First Data Corporation electronic commerce and payment processing announced the First Data PCI Rapid Comply(SM)solution, an easy-to-use online Self-Assessment Questionnaire (SAQ) and vulnerability scanning tool that can help small to mid-sized merchants achieve and maintain Payment Card Industry Data Security Standard (PCI DSS) compliance. The PCI Rapid Comply solution is a merchant-facing, “help-based” web application that can be used to complete the annual SAQ quickly and easily. By answering just a few “pre-SAQ” questions, the PCI Rapid Comply solution can direct merchants to the SAQ version that is right for their business and help pre-populate the appropriate SAQ questions with accurate answers.
Embarcadero Technologies software solutions for application and database development, announced ERPLY cloud-based POS software, used Embarcadero Delphi XE2 with FireMonkey to develop its Windows Point of Sale software and pave the way for a Mac OS X version. ERPLY recently announced a strategic integration with PayPal providing businesses with a new way to accept mobile payments and manage their business operations. ERPLY’s largest deployment has 500 locations and the Windows POS application is now being launched across the retail chain of Elizabeth Arden Corp.
BPC Banking Technologies Open System e-payment solutions implemented its comprehensive fraud monitoring and prevention solution, SmartGuard at Tsesnabank. SmartGuard is one of the range of payment solutions available within BPC’s SmartVista suite and monitors 100% of authorization traffic across all channels to detect and prevent fraudulent transactions – stopping fraud before it happens. Tsesnabank was a BPC SmartVista client already and the addition of SmartGuard to its existing payments infrastructure was achieved quickly and smoothly thanks to SmartVista’s sophisticated architecture.
Isle of Wight Festival goers will will experience the benefits of automatically topping up their contactless prepaid MasterCard PayPass wristbands and also using them to access the event. Now, 13,000 ticket holders will receive PayPass wristbands before they come to the event, making entry to the site and grabbing a bite to eat even easier, using Radio Frequency Identification (RFID) technology. Data is transferred safely and securely from the tag attached to the wristband to the contactless readers installed in many locations around the festival. For purchases of GBP20 or less, all users have to do is simply tap their PayPass wristband on the reader, removing the need to dip a card, enter a PIN or provide a signature.
Coalfire Systems PCI Payment Application and Qualified Security Assessor (PA-QSA) company announced healthcare providers will reduce the scope of PCI compliance requirements with InstaMed, the leading Healthcare Payments Network. InstaMed’s Payment Card Encryption, integrated with MagTek®’s MagneSafe Security Architecture and secure payment card devices, enables providers to significantly reduce and nearly eliminate their risk of a data breach.
Globally, 66% of airline merchants are seeing fraud levels stay the same or increase as they lose 1.5% of booking revenue to fraudulent transactions, according to the global Perfect Passenger Payment insights report, commissioned by WorldPay. With 29% of airlines reporting that incidents of fraud have risen in the past year, there is in place a robust screening process when buying tickets online. With this, 71% of consumers would prefer a slower payment process with more rigorous security checks than a faster process with fewer checks. The global study surveyed 51 airline merchants including low cost, regional and global airlines and 4,500 consumers from the US, UK, China, Japan, Brazil, Finland, Spain, Germany and France to explore views on the online booking process for buying airline tickets.