First Data and PROFIT INSIGHT announced a revenue assurance and enhancement collaboration that can help banks generate as much as $5 to $10 per active account annually in incremental revenue. First Data and PROFIT INSIGHT together developed the revenue assurance system to deliver greater returns to First Data payment platform clients. The solution combines the proven stability, scalability and flexibility of First Data’s solutions such as the flagship VisionPLUS software with the insight and experience of PROFIT INSIGHT financial consultants, to create platform-specific solutions that are easy to implement and quickly align with clients’ requirements. As payments experts, First Data and PROFIT INSIGHT have a deep understanding of the processes and systems that drive banking profitability.
DeviceFidelity NFC and security platform provider obtained a total of 40 patents covering the innovative and streamlined product portfolio that empowers apps utilizing NFC (Near Field Communication) and security technologies. The latest edition to DeviceFidelity’s patent portfolio is Patent #ZL200880107195.2 which is now newly issued in China. The patent enables an NFC based mobile wallet implementation that uses a microSD Secure Element with credentials issued from multiple different enterprises. The growing portfolio is a testament to the company’s growing success in obtaining design wins with large providers in the payment, security, mobile identity and access management space. DeviceFidelity’s extensive portfolio of patents covers the implementation and management of NFC technology, security and unique miniaturization and amplification solutions on a removable module that can be attached to most smartphones. Patents such as “Interfacing transaction cards with host devices” cover the smart technology that allows for smooth integration of NFC microSD products into phones that already have NFC technology built-in.
Precidia Technologies has certified its integrated payment solution to First Data electronic commerce and payment processing on Canadian POS software developers and vendors using Precidia’s solution to enable EMV (chip and PIN) compliant payments to connect to First Data for transaction processing. Precidia’s integrated payment solution delivers secure PCI PA-DSS compliant, fully managed payment processing for credit, debit, gift and loyalty cards. This solution takes POS software out of scope for PCI PA-DSS. The PIN pad is shipped directly to the site and remotely configured on first power up with minimal effort on the part of the dealer. Alerts are offered that will indicate to the merchant when the batch was settled and for how much.
TSYS announced the launch of its new VAR Partner Connect Program, focused on TSYS’ extensive VAR partner relationships and provides TSYS clients access to industry-leading third-party payment processing applications across a range of industries. By engaging actively with TSYS, VAR partners will now have access to multiple avenues designed to give them visibility with TSYS clients, as well as more individualized partner support and advanced product and service notifications. The TSYS VAR Partner Connect Program gives clients access to hundreds of VAR partners utilizing a single Web-based touch point, which saves time and energy in searching for the perfect payment application while also providing VARs broad visibility across the payments industry.
The Western Union Company opened the 500,000th Agent location through which it provides its expanding portfolio of financial services. In commemoration, Western Union announced a $500,000 commitment to fund economic development and entrepreneurship programs in New York City, China, India, Mexico and the Philippines over a five-year period. Western Union’s 500,000th location is Freedom News in New York City. The business is owned by Deepak Patel from India, who migrated to the United States in 1986 in pursuit of a better life. Having worked late nights, sometimes 24-hour shifts across newsstands in the New York City subway system, today Deepak is living his dream, owning multiple retail stores in New York.
MoneyGram International, a leading global money transfer company, and India Post, the largest distribution postal network in the world, today announced that their existing agreement to offer money transfer services through India Post outlets has expanded from an initial 100 locations to more than 650 locations across the country. In a presentation before community dignitaries…
DeviceFidelity announced at the Mobile World Congress 2012 in Barcelona that the patented In2Pay iCaisse4 is the first NFC-based mobile payment solution for the iPhone 4S and iPhone 4 that has been certified by MasterCard. This approval means that the In2Pay iCaisse4 with In2Pay v2.8 microSD supplied with MasterCard PayPass M/Chip 4 applet combination can…
Datacard Group secure ID and card personalization solutions announced an equity investment and strategic partnership with DeviceFidelity NFC technologies and payment applications. This lets Datacard Group offer DeviceFidelity’s “In2Pay” suite of solutions which use microSD technology to transform smartphones into interactive contactless mobile payment devices. The “In2Pay” solution includes microSD cards, as well as the iCaisse”which is a microSD-enabled protective case for iPhones”that enable issuers to offer a variety of mobile payment solutions, giving consumers the flexibility to use their existing smartphone without having to change mobile phone providers or upgrade the device.
Obopay mobile banking and payment solution provider collaborated Warid Telecom to launch a mobile banking and payment service, “Warid Pesa.” The “Warid Pesa” offering provides a prepaid account that enables customers to perform e-money transactions, pay for goods and services as well as settle accounts. It is based on Obopay’s open and interoperable mobile money solutions, which now support millions of customers globally for some of the world’s largest brands. It ultimately offers new channels of distribution for offering financial services that are useful in areas with income disparity. It facilitates Person-to-person mobile money transfer; Person-to-merchant mobile money transfer; Send money to anyone; Request money; Obtain a mini statement of the account; Balance inquiry; Change Personal Identity Number (PIN); and Top up prepaid cell phones.
DeviceFidelity plug and play mobile payment and contactless technologies NFC mobile device accessory patent has been granted by the US Patent and Trademark Office (USPTO). U.S. Patent No. 7,941,197 covers a unique approach for bringing secure NFC functionality to highly coveted mobile devices such as the iPhone. DeviceFidelity continues to spearhead the availability of certified NFC mobile devices with implementations globally at top tier financial institutions, payment networks and mobile carriers. DeviceFidelity’s solution is consumer centric and is the only mobile contactless payment technology to be commercial approved by Visa, Inc.
Precidia Technologies Internet Protocol (IP) payment and networking products announced Ceridian Stored Value Solutions (SVS) prepaid card solutions has certified Precidia’s “TransNet” payment engine software and POSLynx220 payment router for use by Arby’s. This certification broadens the list of transaction processors that can be chosen by users of the TransNet integrated payment solution, a list that has grown to more than 25 certified processors. TransNet is payment engine software that integrates with POS systems, ECRs and payment terminals. This solution is uniquely designed to maximize data security and deliver unparalleled flexibility to the merchants that use it.
Precidia Technologies Internet Protocol (IP) payment and networking products announced its “POSLynx220” with “TransNet” integrated payment solution has achieved Level 2 certification from leading global payments provider Elavon. This advanced certification means that merchants using Precidia’s “TransNet” payment application can cost effectively and securely process mail order/telephone order (MOTO) and e-commerce transactions, and can transmit CVV card data. The TransNet payment engine application, housed on Precidia’s secure POSLynx220 payment router, integrates seamlessly with ECRs, POS systems and other retail payment systems. Pre-certified with most credit, debit, gift and loyalty card processors, the complete solution is PCI PA-DSS validated, and features SSL encryption for additional peace of mind. For enhanced reliability, the POSLynx220 features automatic dial back-up in case of network failure.