U.S. Bank Pilots PayPass via Nokia

U.S. Bank has teamed with MasterCard and Nokia to pilot a mobile payments program in Spokane. Program participants will receive a “Nokia 6131” NFC phone that will communicate with “PayPass” readers. The ability to initiate secure “Over-The-Air” delivery of the “PayPass” application to the mobile phone is necessary for both effective implementation of the mobile payments pilot program and eventual commercial roll-out. Venyon is providing this secure OTA service which also allows for remote personalization and management of the payment feature. As of November 27th more than 80,000 merchants accept “MasterCard PayPass,” including many in the Spokane area such as Regal Cinemas, McDonalds, Jack in the Box and 7-Eleven.

DECEMBER VOLUME

Statistics New Zealand has released figures that show during December 2007, merchants processed 95 million electronic card
transactions for a total volume of NZ$2.6 billion. These findings were
fundamentally the same for November of 2007 and were compiled
with the help of New Zealand-based merchants to include all
card transactions processed within the country. Moreover, transactions
conducted by overseas card-holders in New Zealand are included while
transactions by New Zealand card-holders conducted overseas are
excluded.

DONGA BANK CARD NETWORK

The GP Bank and the Commonwealth Bank of Australia have both
recently joined the DongA Bank “Vietnam Bank-Card Network”,
affording customers access to a network of more than 900 ATMs and
1,500 POS. In addition to this development, DongA Bank has recently
signed agreements with EuroNet Worldwide, signed agreements with
Microsoft, is in the process of establishing Internet banking and
establishing
mobile-phone card services. Fund transfers over the network, however,
cannot exceed VND500 million (US$32,000).

GSA SmartPay 2 Cards Coming in November

The U.S. GSA has announced that the DOD has chosen the GSA “SmartPay 2” program to serve 1.2 million DOD travel cardholders. The estimated value of DOD’s travel card order from “SmartPay 2” contractor Citibank South Dakota is $40 billion over 10 years, based on projected travel card spending. DOD’s Defense Travel Management Office’s (DTMO) order with “SmartPay 2” contractor Citibank signed January 14th, starts immediately. The goal is to activate the new DOD travel cards by November 30th. DTMO provides program management and oversight for DOD’s travel card users.

PAYZONE & BLACKHAWK

The Payzone payments network and Blackhawk prepaid solutions have
signed collaborative agreements. With these developments, the
organizations plan to tap the European gift card market for the distribution
of Payzone products through the Blackhawk network and Blackhawk
products through Payzone retail outlets. This will support Blackhawk’s
European expansion of its prepaid and payments network to nearly
170,000 Payzone retail locations across the continent. The Blackhawk
Network is composed of 80,000 store fronts, targeting 165 million
consumers weekly while Payzone has operations in 21 countries across
Europe, processes over 630 million per annum with a value of
approximately EUR13 billion and operates a total of 240,000 points of
service.

Arthur Blank & INSIDE Contactless Team

Arthur Blank and INSIDE Contactless have partnered for the deployment of the “L4 2.5G MicroPass” platform, resulting in a peripheral partnership with American Banknote. This will provide the “MicroPass L4 2.5G” for the Arthur Blank , certified by VISA and MasterCard, and subsequent credentials for the contactless bank card platform. INSIDE’s partnership with American Banknote aims to design a global solution for contactless cards using the “MicroPass” contactless payment technology, according to experts. Arthur Blank & Co is capable of producing 1.4 billion cards per year while American Banknote Corporation provides secure documents, services and systems through various product avenues such as as secure plastic cards, phone cards and paper certificates, among others. INSIDE Contactless NFC has been granted over 55 patents and has shipped over 35 million “MicroPass intelligent payment platforms” between 2005 and 2007 while MicroPass is a contactless chip platform designed to meet multi-payment brand and multi-application requirements.

Attitude POSitive Releases a New AccuPOS

CA-based Attitude POSitive has launched its latest version of AccuPOS retail point of sale software. AccuPOS Retail gives small-to-medium retailers more control over their business with the only solution that separates the front-end POS functions with the back-end accounting functions, providing a much cleaner, secure and more detailed accounting process. Unlike other POS software, AccuPOS is a pure POS solution, protecting critical financial information more effectively. AccuPOS only collects sales data and populates the accounting program ensuring that all inventory, sales and customer data are rightfully located in the accounting program. This eliminates the many common accounting duplication errors. AccuPOS is easy to implement with all popular accounting programs i.e. QuickBooks, Peachtree, MAS. Attitude POSitive is a provider of POS, inventory management and time clock software for the retail and hospitality industries.

PayPal Inks A Deal to Acquire Fraud Sciences

eBay’s PayPal has signed a deal to acquire the Israeli firm Fraud Sciences for about $165 million. Fraud Sciences is a specialist in online risk tools. The acquisition is expected to enhance eBay and PayPal’s proprietary fraud management systems and accelerate the development of next generation fraud detection tools. Key personnel from Fraud Sciences, including Yossi Barak, Fraud Sciences’ COO, and founders Shvat Shaked and Saar Wilf, will join the company’s technology and fraud management teams. Gadi Maier, Fraud Sciences’ President and CEO, will provide strategic and operational support to the company during the integration period.

FRAUD SCIENCES & PAYPAL

eBay’s PayPal has signed a deal to acquire Fraud Sciences for about $165 million. Fraud Sciences is a specialist in online risk tools. The acquisition is expected to enhance eBay and PayPal’s proprietary fraud management systems and accelerate the development of next generation fraud detection tools. Key personnel from Fraud Sciences, including Yossi Barak, Fraud Sciences’ COO, and founders Shvat Shaked and Saar Wilf, will join the company’s technology and fraud management teams. Gadi Maier, Fraud Sciences’ President and CEO, will provide strategic and operational support to the company during the integration period.

EU & SEPA

In light of the approaching SEPA launch, the European Union
finance ministers have urged banking industry representatives to be
prepared and to “redouble” efforts with the recent minister meeting
in Belgium. With the new SEPA platform, which will reflect no
difference between payment transactions nationally or across borders
in the euro area, the ministers are urging bank solutions to spur
momentum, apply rapid migration to minimize processing costs and
for public authorities to do the same.

Wachovia Promotes Pope to Head Retail Credit

Wachovia has promoted David Pope to president of its Mortgage and Retail Credit division. Pope will be responsible for leading the daily sales, fulfillment, retention, service and operational aspects of the mortgage and retail credit businesses. He has served in a variety of roles over the course of a 20-year career with Wachovia. Prior to his most recent role, Pope was head of Wachovia’s Business Banking group for three years. He has also held roles as co-head of the Retail Bank, region executive for Metro Washington, D.C., and retail executive for Virginia.