CardWeb.com’s CardData database of Company Profiles today features Planet Payment.
KWI cloud solutions launched its contactless Apple Pay digital wallet for its KWI Cloud 9 Mobile POS platform. This includes the addition of the VeriFone PAYware Mobile e315 and e335 sleds to KWI’s product offering which supports the Chip & Pin/ EMV retail industry’s requirement for later this year. KWI continues to be the industry leader with 60+ specialty retailers running the KWI Cloud 9 Mobile platform. “Our acquisition of the source code and the associated patent licenses in January, 2014 from Verifone has enabled KWI to quickly roll out new enhancements providing our clients with an early-to-market advantages in delivering a world-class customer experience”, states Sam Kliger, Founder and CEO, KWI. The KWI Cloud 9 Mobile platform is available for use with the Apple iPad, iPad Mini,or iPod Touch and is designed, developed and delivered wholly by KWI.
While many analysts indicate President Obama’s Executive Order to mandate chip payment cards for government benefits was a pure political move, others applaud the action.
The leading trade associations representing the merchant and financial services industries announced a new cybersecurity partnership. The partnership will focus on exploring paths to increased information sharing, better card security technology, and maintaining the trust of customers. Discussion regarding the partnership was initiated by the Retail Industry Leaders Association (RILA) and the Financial Services Roundtable (FSR), joined by the American Bankers Association (ABA), the American Hotel & Lodging Association (AH&LA), The Clearing House (TCH), the Consumer Bankers Association (CBA), the Food Marketing Institute (FMI), the Electronic Transactions Association (ETA), Independent Community Bankers of America (ICBA), the International Council of Shopping Centers (ICSC), the National Associations of Convenience Stores (NACS), the National Grocers Association (NGA), the National Restaurant Association (NRA), and the National Retail Federation (NRF).
Fiserv, Inc. announced that Bangkok Bank Public Company Limited has upgraded its mobile banking, alerting and payments platform to Mobiliti Edge from Fiserv. With Mobiliti Edge, Bangkok Bank customers will be able to securely access their financial information and conduct transactions via their choice of mobile web and downloadable applications for Android, iPhone, BlackBerry and iPad. As part of the upgrade, the bank has enabled secure on-device activation, allowing users to complete most of their activation process for mobile banking directly from their smartphones, ensuring the service is accessible to the bank’s broad customer base and not only to online banking users. Customers can check balances, review transaction history, locate ATMs and branches, transfer funds, pay people and bills, and top up prepaid accounts in both English and Thai languages.
Payfirma announced Ryan Holmes, Founder and CEO of HootSuite, joined its board of directors. Holmes has grown HootSuite to be a global leader in social media management with over 8 million users, including 744 of the Fortune 1000 companies. HootSuite is a social relationship platform for businesses and organizations to collaboratively execute social media strategies across networks such as Twitter, Facebook, LinkedIn and Google+ Pages from one secure, web-based dashboard. Advanced functionality includes tools for audience engagement, team collaboration, account security and comprehensive analytics for end-to-end measurement and reporting.
US-based PIN debit networks partnered to forge the Debit Network Alliance, to provide a structure for the governance, deployment and implementation of the EMV debit standard. The goal of this collaborative effort is to help facilitate the adoption of an interoperable EMV standard for debit payments in the U.S. through a common governance structure that fosters regulatory compliance, equal access and ability to innovate for all debit networks, routing choice for merchants, and portability for issuers. The debit networks have a long history of collaboratively working together – especially with regard to improving security – to define standards that maintain the integrity and quality of the U.S. payment industry. In particular, the networks have been working together on chip standards under the support of the Secure Remote Payment Council’s Chip and PIN Work Group since April 2012.
ATMIA has issued a position paper urging payment networks to work collaboratively with ATM deployers to retain open market flexibility in making routing choices. EMV migration is more complex in the United States where multiple networks exist and further confusion has resulted from court rulings on the Durbin Amendment. ATMIA retained Tremont Capital Group, Inc. (www.tremontcapitalgroup.com) to conduct a thorough analysis of routing choices.
Ten leading PIN debit networks in the United States have formed a new company, Debit Network Alliance, to provide a structure for the governance, deployment and implementation of the EMV debit standard. The goal of this collaborative effort is to help facilitate the adoption of an interoperable EMV standard for debit payments in the U.S. through a common governance structure that fosters regulatory compliance, equal access and ability to innovate for all debit networks, routing choice for merchants, and portability for issuers.
The Clearing House (TCH) issued a working paper entitled U.S. Payment System: Recommendations for Safe Evolution and Future Improvements that offers recommendations on how best to evolve the existing payments system. The working paper focuses on the need to ensure the safety, soundness and sustainable economics of the U.S. payment system and to continue to deliver superior payment services to consumers and businesses. The working paper is part of TCH’s ongoing discussions regarding the future of the U.S. payment system and serves as its response the Federal Reserve Banks’ Payments System Improvement – Public Consultation Paper published in September. The paper also sets forth TCH’s own recommendations regarding optimal payment system evolution and outcomes.
Ukrainian Processing Center (UPC) ePayment processing chose Web FASTest from Paragon Application Systems, for their ePayment testing platform. UPC selected Web FASTest because it was the only solution that provided a centralized, web-based testing platform for use by UPC customers, vendors and internal users for certification testing, function and regression testing, and development of new ISO 8583 financial message interfaces. Web FASTest is the hub of UPC’s testing and development program. UPC Member Banks conduct online pre-certification testing and online certification using Web FASTest. Outside developers use the software development kit in Web FASTest to develop and test their own ISO 8583 financial message formats. Internal users employ Web FASTest for functional testing and plan to use it for regression testing, stress testing and building detailed testing reports.
Virtual Piggy has been selected as a finalist at the SWIFT Innotribe Startup Showcase in the Innovator category for growth-stage start-ups in the London region. The company will present its technology alongside finalists from other regions in Dubai this September. Virtual Piggy competed against 14 other startups at the Innotribe Challenge Showcase in London last week to secure its place as a finalist for the $50,000 grand prize and continuous exposure to investors and financial institutions via the SWIFT global community. Having presented its payment solution to a panel of the financial industry’s leading angels, VC’s and decision makers, Virtual Piggy demonstrated how its financial management allows youth under 18 to make purchasing, saving and other money management decisions for themselves.