London-based Powa Technologies has inked a 10-year strategic alliance with China UnionPay to create a ubiquitous new standard in mobile commerce for CUP’s 1.3 billion credit and debit card users.
GameStop PowerUp Rewards loyalty program members, who are now able to use their reward points to save on the cost of fuel through the Fuel Rewards program operated by Excentus.
HalCash North America has launched Pin4, a mobile cardless cash ATM withdrawal solution that provides businesses with a radically better way to engage with their customers through real-time delivery of cash without the need for a debit/credit card or bank account.
In today’s CardFlash News Que: SYNCHRONY (FRB); PIVOTAL (Breeders); CSI (IOFM); and TECHNAVIO (india).
With huge influx of new payment solutions into the industry, both opportunities and challenges for merchant acquirers have reached a new level. There is paradigm shift from conventional services, such as accepting mag-stripe debit/credit cards, and mail and telephone orders, to new acceptance channels as a result of e-commerce/m-commerce, contactless technology, mPOS and omni-retailing.
In today’s CardFlash News Que: SYNAPTICS (Vibe P1); TIMETRIC (acquiring); HYPERWALLET (award) and THREATMETRIX (cybersecurity).
The Saudi Investment Bank (SAIB) has been awarded with ‘Best Loyalty Program of the Year in Financial Services’ at The Loyalty Awards, honoring special recognition of innovation and achievement in loyalty marketing.
Fime, is helping Indian banks to reduce time to market for EMV readers and chip enabled debit/credit cards when seeking the MasterCard Terminal Integration Process (M-TIP) service by streamlining its processes and offering. The MasterCard chip testing processes are mandated to qualify that banks and financial institutions align to its requirements before chip products are deployed in the market. FIME, an independent service provider accredited to provide formal approval for MasterCard M/Chip™ services, has refined its offering to ensure the M-TIP service can be delivered quickly and efficiently to acquiring organisations in India. FIME’s SAVVI analysis test tool, along with test cards qualified by MasterCard, enables acquirers to debug and test the compliance of a contact, contactless and mobile payment acceptance terminal in preparation of formal MasterCard approval prior to market implementation.
Greggs launched its new ‘Greggs Rewards’ mobile payment app designed to reward its customers for their loyalty whilst making shopping across its 1,700 shops more convenient, quicker and easier. The new rewards app which went live nationally this week, is the first entirely digital loyalty scheme launched by a UK food-on-the go retailer that eliminates the need for customers to carry a separate loyalty card or their wallet when they shop. By registering for a Greggs Rewards account via the app or online at www.greggs.co.uk, customers can top up their accounts with any amount from £5-£50 using their debit/credit card or with the added safety and simplicity of PayPal, allowing them to pay securely in-store with their smartphone.
Bluefin Payment Systems and Medtask practice management solutions for the medical industry partnered on integrated payment processing within the Medtask practice management platform. Bluefin’s payment platform, PayConex, features credit/debit/ACH processing with security features such as transparent redirect, tokenization, and point-to-point encryption (P2PE). Merchants can accept payments through the PayConex virtual terminal, at point of sale, online using the company’s hosted payment page, or through a mobile phone or tablet. Medtask has established a reputation as an all-in-one practice management solution, designed to let doctors focus on their patients. Medtask provides cloud-based services they provide including scheduling, billing, reporting, e-Eligibility, e-Remittance (ERA), and Electronic Health Records (EHR). Medtask customers have the luxury of being able to manage their practice from any computer, at any time.
Bluefin Payment Systems is set to introduce a PCI-validated Point-to-Point Encryption (P2PE) solution validated through qualified P2PE assessor, 403 Labs, LLC, in 4Q/13. The PCI P2PE Standard requires a PCI-approved point-of-interaction device (POI) and HSM (hardware security module) key management; software solutions are not currently eligible for P2PE validation. Bluefin’s P2PE technology can be implemented in retail POS systems, in call centers, and in mobile devices and will interface with the company’s PayConex platform. This provides security features such as tokenization, end-to-end encryption (E2EE) and transparent redirection.
TSYS announced that it supports Paynet, one of Kenya’s leading financial services providers to issuers and acquirers, in its ‘Great Migration to EMV Chip Card’ campaign. Paynet has been a TSYS client since 2004. It licenses PRIME 4, the latest version of the TSYS licensed card and merchant management solution, to manage its Visa card portfolio and provide a full range of outsourced front- and back-office card processing and fraud management services for financial institutions across Kenya and East Africa. Paynet initiated ‘The Great Migration to EMV Chip Card’ campaign to fight card fraud by urging banks and other stakeholders in the region to move toward the higher security EMV Chip debit/credit card standard.