Digital currency acceptance is getting a big boost among European merchants as Amsterdam-based Coinzone will introduce this summer a new web-based wallet that will let users send, receive, buy and sell Bitcoin. Android and iOS apps will enable users to manage and authorize their Bitcoin transactions while on the move.
AltaPay, a payment management company based in Copenhagen, has joined the NetSuite SuitePayments program to offer businesses payment options when using NetSuite’s SuiteCommerce platform.
Gemalto has introduced Ezio Armored Application software-based secure eBanking solution. Based on a locked down browser running within a dedicated desktop session, Ezio Armored Application establishes a secure connection to the eBanking website to protect against key logging and screen capture.
PayPal launched PassPort to educate and empower small businesses with free tools to expand their global sales. This provides country-specific guidance on seasonal sales peaks, including holidays and events; cultural customs, taboos and trends; shipping and distribution logistics; currency exchange and fees; and customs procedures and taxes.Becoming a global retailer means looking beyond Valentine’s Day, Mother’s Day and Black Friday as peak selling days and addressing country-specific sales opportunities. Businesses using PassPort will gain insight into the traditions, trends and taboos surrounding Singles Day – the November 11 Chinese holiday that dwarfs Black Friday in ecommerce revenue and is “expected to easily exceed US$10 billion” this year, according to a USDA report. Information on additional top global retail holidays – like Golden Week in Japan and Click Frenzy in Australia – will prepare businesses to expand their sales and reach more potential customers.
Pay.On and EVO Payments International (EVO) card payment acquirer and payment service provider partnered to provide small to medium merchants an easy interface to a payment solution that has all the advantages of the latest payment technology.EVO combines strong acquiring, processing and consulting skills on its European platform with the proven expertise of its parent company in the SME area. PAY.ON offers comprehensive technology expertise, from an omnichannel and PCI-compliant payment platform, through to the universal interface COPYandPAY, to the integration of country-specific payment methods and highly efficient risk tools and a number of shopping plugins to the payment-specific expansion of shopping systems. EVO and PAY.ON have created a full service offering to meet the needs of these merchants, through EVO’s payment processing platform which offers the acceptance of a variety of cards, giropay and additional payment methods as well as anti-fraud measures.
Pay.On web-based payment infrastructure systems and arvato infoscore have jointly developed active payment method management with dedicated risk protection during the checkout process. This allows retailers to automatically incorporate payment methods that comply with country-specific requirements into their payment pages. The checkout solution also includes direct access to more than 130 international payment methods. It also ensures that only risk-adequate payment methods are dynamically shown to different predefined customer risk groups. An intelligent and adaptive customer rating continuously reduces the risk of payment defaults to a minimum for PSPs and their merchants. The joint venture solution comprises the core areas of expertise of both PAY.ON and arvato infoscore. PAY.ON provides the active payment method solution, including direct access to its global payment network. Incoming cash flows are then rated in terms of risk by arvato infoscore on the basis of the risk management fulfilment solution ‘risk solution services’.
Wincor Nixdorf is opening a new representative office in Nigeria. This is intended to support the company in implementing the country-specific requirements of its partners and customers more rapidly and precisely in the form of tailored technology solutions. In addition, a local presence will improve customer service even more in order to support the business expansion with solutions from Wincor Nixdorf. Measured in the number of delivered ATM units, Wincor Nixdorf is already the clear market leader in Nigeria and No. 2 in Africa as a whole. Among its customers are nine of the ten largest Nigerian banks. And the potential is immense: according to the Central Bank of Nigeria (CBN), the country’s dynamically growing financial institutions plan new installations of up to 70,000 ATMs over the next ten years.
Earthport cross-border payments service provider deployed its fully automated payment service, offering first low value payment service route for Earthport in North Africa. Allowing Earthport to expand its network infrastructure into the region. Clients will be able to benefit from more competitive and transparent payments services, while leveraging Earthport’s local clearing capabilities to offer more cost efficient, low-value payments. Among the top remittance destinations on the African continent and the second largest remittance country in North Africa with an estimated $6.4 billion worth of payments received in 2010, the expansion into the region is in response to the growing demand for low-cost payments into the region.
Acculynk “PaySecure” user-authentication for e-commerce partnered UnionPay International to provide e-commerce authentication (UPOP) service to US based merchants. UnionPay International is a subsidiary focusing on international business of UnionPay, a global bankcard network with over 3.5 billion UnionPay cards issued worldwide. A single PaySecure implementation on the merchant’s e-commerce site also provides the capability to generate sales lift from new PIN-debit customers in North America, Asia-Pacific, Latin America and the Caribbean. Acculynk provides a flexible, customizable online- and mobile- authentication technology that meets local needs and regulatory requirements in international markets. Country-specific authentication changes can be incorporated without disrupting the merchant or acquirer. The “PaySecure” solution two-factor authentication provides online merchants with a secure, low-cost, guaranteed funds payment in which the merchant also benefits from a 100% shift of fraud chargeback liability.
Fiserv financial services technology announced that its Financial Crime Risk Management (FCRM) platform has been awarded a “Best-in-Class” rating in the Enterprise Support category in the CEB TowerGroup 2012 Anti-Money Laundering Technology Review. The FCRM platform also received high marks for front-end usability and back-end configurability. The report highlighted that CEB TowerGroup analysts were impressed by the layout of the interface, which facilitates streamlined workflow management. Fiserv was also highly ranked in the Detection Tools category, where the combination of behavioral profiling and analytics-based approaches in combination with flexible rules to identify potential money laundering behavior were highlighted as key strengths.
Western Union expanded its Direct-to-Bank service to include China and Canada. Customers there can now receive money into their bank accounts from the westernunion.com site in the U.K. Western Union money transfers, sent through Direct-to-Bank, can be directed to most bank accounts in China. This service will be extended to additional sending countries over the next few months. With this latest digital deployment, customers can send money through westernunion.com from 23 countries into bank accounts in up to 46 countries depending on country-specific regulations.
Bank of America Merrill Lynch transaction services card solutions are now available in Argentina, the Czech Republic, Finland and Poland, as well as the Scandinavian countries of Denmark, Norway and Sweden. The addition of the seven countries reaffirms the company’s position as a leading provider of card solutions to large and middle-market companies and government entities around the world. By the end of 2012, BofA Merrill’s global card offering will be available in more than 70 countries. BofA Merrill will enable commercial card clients to benefit from the operational simplification and cost savings created by the harmonization of multiple instruments and reduced number of paper mandates that need to be managed for cardholders.