NCR Payment Suite, consisting of Authentic and Fractals, has been certified as PA-DSS 3.0 compliant by the PCI Security Standards Council (PCI SSC).
Worldpay’s new Dynamic 3D Secure (3DS) solution will soon be available to merchants. The solution offers e-commerce businesses greater transaction acceptance success whilst giving them more flexibility and control over fraud prevention.
Compass PlusCompass Plus announced that its open development payment platform, TranzAxis, has now been fully certified to support Futurex’s Excrypt SSP9000 hardware security modules (HSMs). This new partnership with Futurex, a provider of secure, robust, and cost-effective data encryption security solutions, has extended the list of HSMs now supported by the TranzAxis payment platform. Compass Plus’ distributor in the Latin American and Caribbean region, during the migration of Global Processing Centre in Antigua (GPC) to TranzAxis. The certification has enabled customers, including GPC, to utilise Futurex HSMs for EMV data preparation and the card issuance process, as well as the secure authorisation and communication of sensitive data for Visa, MasterCard and UnionPay EMV cards.
Nottingham-based Compass Plus announced that its open development payment platform, TranzAxis, has now been fully certified to support Futurex’s Excrypt SSP9000 hardware security modules (HSMs).
Digital River, a leading global provider of Commerce-as-a-Service solutions, announced an expansion of its Brazil payments offerings through a partnership with Ebanx cross-border payments processor. The joint Digital River and EBANX offering will provide companies of all sizes a turn-key solution for processing local online payments, including installments. The partnership allows merchants to process payments online through a direct API or a hosted payment page; increase authorization and conversion rates; consult with Digital River’s support staff; and access payments tools for processing and authorization.
NCR Corporation announced Cumberland Building Society has deployed its Paym mobile payment service using Authentic and Fractals software from Alaric. The deployment is an extension to the existing relationship between NCR and Cumberland Building Society where Alaric’s flexible and highly configurable Authentic and Fractals solutions are already used to process and protect payment transactions. This includes Cumberland Building Society’s ATMs, internet banking and now mobile payment channels, as well as when Cumberland Building Society customers use the LINK ATM network or use their Visa debit cards. The Paym service allows consumers to make secure, convenient payments to account holders of other participating banks or building societies using only the recipient’s mobile phone number. No need to know, or remember, sort codes or account numbers. The Fractals intelligent fraud detection and prevention solution delivers value to issuers, acquirers, processors, networks, PSPs, ISOs and merchants, for all product types, including credit, debit, prepaid or gift cards.
Wirecard AG has now integrated host card emulation (HCE) into its Mobile Wallet Platform to better allow telecommunications companies, financial service providers, banks and retailers deploy mpayment NFC solutions. HCE makes it possible to carry out secure, NFC-based transactions for payments and services via mobile apps, regardless of whether a physical secure element (SE) is available on the mobile phone. All data generated during a transaction is therefore no longer stored on a hardware component, but instead on a secure centralised server. NFC host card emulation technology is already standard in Android devices starting Version 4.4. Wirecard emulates a one-off token per transaction, which is used in the EMV transaction, replacing the original card data, which is saved in a PCI-compliant database in a secure server environment.
ebpSource is pleased to announce an agreement with mobile authentication specialists, Encap Security, to market its Smarter Authentication solutions globally. The agreement means ebpSource will offer Encap’s products to new and existing clients in the banking, telecoms, payment processor and service bureau sectors. Smarter Authentication™ is a new approach to online and mobile banking and payment authentication that uses software-based, banking-grade technology to deliver an exceptional customer experience without compromising security. Encap Security’s Smarter Authentication™ is a superior solution to existing hardware and software-based authentication offerings that are both costly and cumbersome for service providers. Smarter Authentication™ allows organisations to deliver innovative services that have been proven to not only reduce risk but also boost online and mobile adoption and transaction rates. Once a user’s device is paired, the user will be asked to identify themselves using a PIN. The device becomes “something you have” and the PIN is “something you know” allowing multi-factor authentication to be delivered with a one-factor user experience. For non-smart mobile devices there is also an SMS alternative. Through the partnership with ebpSource, the Encap-enabled app will be integrated server-side to enterprise systems, online services, identity management, transaction databases and payment processes.
The Financial Conduct Authority (FCA) has confirmed the final rules that will govern the consumer credit market which will result in changes for how payday lenders and debt management companies treat their customers. The FCA will take a tough approach to consumer credit with stronger powers to clamp down on poor practice than the previous Office of Fair Trading regime. Our supervision of firms will be hands on and we will closely monitor how providers treat their customers, in particular those operating in higher risk sectors such as credit cards, debt management and payday. We will respond quickly to any issues that are identified and there will be swift penalties for any firm or individual found not to be putting consumers’ interests first, including possible enforcement action and consumer redress. The biggest changes come for payday lenders and debt management companies, which include limiting the number of loan roll-overs to two; restricting (to two) the number of times a firm can seek repayment using a continuous payment authority (CPA); a requirement to provide information to customers on how to get free debt advice; and requiring debt management firms to pass on more money to creditors from day one of a debt management plan, and to protect client money.
WorldPay’s end-to-end payment services integrated with Delego epayment processing platform, combining SAP enterprise systems with online payments. The Delego software securely captures electronic payment transaction data from customers and this information is routed to the WorldPay Gateway. WorldPay then manages the payment authorisation and settlement process. This allows merchants to implement WorldPay’s payment processing, alternative payment methods and risk management services through a single connection. The integration also increases security of payment information and reduces the scope of PCI DSS.
WEX corporate payment solutions signed an agreement with Conference Care to offer the WEX Virtual Credit Solution. Conference Care has over 18 years of experience in providing a highly personalised global solution as specialist venue finders and delivers complex Live Event Management. The company has award winning service levels and a reputation for being a superior expert in its field. Having previously paid suppliers by cheque, Conference Care will now have improved reconciliation and increased automation of processes through the WEX Virtual Credit Solution. It allows businesses to Set precise controls for payment authorisation; Streamline and automate payment reconciliation; Earn revenue share on processed payment; and Utilise a straightforward, cost-effective system which can be seamlessly integrated into existing systems.
Swish Payments mPOS provider was granted a Financial Institution license by the Malta Financial Services Authority (MFSA). This allows Swish to operate as a licensed financial institution under the European Commission Payment Services Directive. This marks a major milestone towards Swish’s global expansion by enabling delivery of services within the European market. Swish brought the first low-cost EMV chip-and-signature solutions for mobile payment card acceptance to the Asia Pacific region. Now the company is poised to introduce compelling EMV chip-and-PIN solutions for mobile payment card acceptance in the United Kingdom and Canada in the coming months.