CardWeb.com’s CardData database of Company Profiles today features Ingo Money.
Ingo Money announced the addition of Dickson Chu as executive vice president, Corporate Development and chief product officer. In this role, he will lead the company’s strategic corporate development efforts and oversee the evolution and development of Ingo Money’s product roadmap and user experience. Chu brings over 25 years of leadership experience in financial services technology, digital payments and marketplace innovation. An accomplished general manager and innovator, Chu most recently served as investor and active advisor to a number of emerging companies. Previously, Chu served as senior vice president, Merchant Solutions at LivingSocial, evolving the company’s strategy to create a new merchant-focused business line. He also spent nearly two years at Citi as managing director, Digital Networks in the Global Enterprise Payments business unit, where he was responsible for the development of global e-commerce and m-commerce capabilities, as well as the development and launch of Citi’s Google Wallet platform. Before joining Citi, Chu spent six years at PayPal, most recently serving as vice president and head of Global Products and Experience. In this role he led product strategy, development and user experience design for millions of consumers and merchant customers, having previously served as global general manager for PayPal’s Global Merchant Services business, which he helped grow from $60 million to more than $1 billion.
ams AG analog ICs and sensors announced that US-based DeviceFidelity, Inc. is using unique ams RF technology in its latest CredenSE 2.10 NFC microSD card to enable secure, certified NFC transmissions between any mobile phone and contactless payment terminals from Visa and MasterCard. DeviceFidelity CredenSE 2.10 is the world’s first NFC microSD card to successfully achieve global payment certifications from both Visa and MasterCard without requiring external booster antenna or device specific attachments. Using the AS3922 from ams, an integrated NFC front end with Active Boost technology, CredenSE achieves a typical read range of 4cm in a mobile phone’s microSD slot. The mobile phone is a notoriously difficult environment for RF and variations between phone models make it difficult to consistently achieve good performance. The stringent requirements for read range compatibility with payment terminals for payment applications cannot be met in small form factors such as SIM or microSD cards with a traditional passive NFC card emulation front end and simple planar antenna. The DeviceFidelity CredenSE 2.10 is the first commercially produced NFC microSD card that meets EMV standards using only an ultra-small antenna embedded in the card, making distribution and compatibility with hundreds of phone models possible with one easy-to-deploy microSD card. It can be used to transform any mobile device with a microSD card slot into a contactless payment device without any need for device specific external antenna or attachments. Active Boost allows for robust tag-to-reader communication at a coupling factor 100 times higher than is possible with conventional passive tag designs. The AS3922 also offers unique Antenna Auto Tuning and Q factor adjustment, which are critical to microSD, SIM and µSIM applications. The IC includes an ACLB interface for communication with the contactless interface of any Dual Interface Secure Element, and DCLB and NFC-WI interfaces for digital communication.
USA Technologies highlighted the launch of a new self-service kiosk for ladies’ flats by its customer, Flat Out of Heels. The customized kiosk was created for Flat Out of Heels owner by ESON Design Partnership and incorporates USAT’s ePort cashless payment technology. USAT provides developers and OEMs of unattended, automated technology with simple and secure integration to USAT’s ePort Connect® suite of cashless payment services. The ePort EDGE® and G-series are available with hardwired payment interfaces such as serial and pulse and include cellular wireless connectivity to USAT’s network. For computer-based applications (Windows or Linux), USAT offers a Web service, QuickConnect™.
MasterCard partnered Excentus, by which MasterCard will become the exclusive payments partner of the Fuel Rewards Network™ (FRN) program. Allowing members to earn savings and reduce the price of gasoline at the pump, users can earn cents per gallon savings redeemable on their next fill-up.
Bluefin Payment Systems secure payment gateway technology announced Dickson Chu has joined its board of directors. Currently a principal at DC Advisors, Chu has served as the SVP of Merchant Solutions for Living Social, Managing Director of Citibank, and Vice President, Head of Global Products & Experience for PayPal. Bluefin Payment Systems focuses on enabling full-service payment solutions to software platforms offered by companies in a diverse range of verticals, including health/fitness, medical, legal, transportation, death care and more. Chu brings more than 25 years of experience in payments and technology and is an active advisor to a number of emerging companies. He was also SVP of Merchant Solutions for Living Social, where he managed the creation of a new business unit.
Brulines Group subsidiary Vianet secured a contract with Visa Europe to provide contactless payment technology for the vending machines located at its European headquarters. Visa Europe is the driving force behind the growth of contactless payments in Europe. The Vianet project, with its”Touch&Pay” solution, installed on a dozen vending machines across Visa Europe’s three UK offices and subsequently been met with a positive response.
eMerchantPay online payment processing solutions to merchants worldwide has been registered as a Payment Institution by the UK’s Financial Services Authority (FSA United Kingdom). eMerchantPay has been authorized to carry out payment services activities under the Payment Services Regulations 2009 (PSRs) by the Financial Services Authority of the UK. The license covers payment services for cash placement services on a payment account; executing payment transactions (no credit line); executing payment transactions (credit line); issuing instruments / acquiring transactions; and money remittance. The license also covers payment transactions that include direct debits including one-off direct debits, payment transactions executed through a payment card or a similar device, credit transfers including standing orders.
Google’s VP mobile wallet will join Managing Director Global Enterprise Payments at Citibank, Head of Mobile at Visa – and the new VP of mobile at PayPal to launch Google mobile wallet. A growing number of key retailers and ecommerce companies are also participating in The Open Mobile Summit this year – in particular, The Gap, Choice Hotels, 7 Eleven and HSN join the ‘Future of mobile shopping’ panel later that same day. Overall, more than 800 senior strategists from across converging mobile, Internet, media and commerce will gather this year for the 4th annual Open Mobile Summit, happening in San Francisco this November 2-4th.
Citi Ventures of Citigroup made a strategic investment in Billing Revolution mobile payments provider, following its sponsorship of Billing Revolution’s “Single-Click Checkout” cross-platform, low-friction mobile billing service. Citi’s Global Enterprise Payments group was recently created to develop comprehensive institution-to-consumer and consumer-to-institution payments solutions for the world’s largest global corporations, financial institutions, and governments. Citi Ventures sources, qualifies, invests in and teams with cutting-edge companies to provide competitive advantages to Citi’s global business units and to give Citi customers new, secure and frictionless services designed around their increasingly digital and mobile lives.
PCCW mobile customers in Hong Kong will soon be able to top-up their mobile account directly and securely via a new app from their smartphone following a collaboration with Monitise, the leading enabler of Mobile Money solutions, and its local partner Jetco (Joint Electronic Teller Service Limited). Leveraging its connection to JETCO, which provides payment services to the majority of banks in Hong Kong, Monitise Asia Pacific has entered into a landmark deal with Hong Kong’s PCCW mobile to offer customers the ability to recharge any prepaid PCCW mobile from their smartphones. The tie-up sees PCCW mobile become Monitise Asia Pacific’s first customer in Hong Kong, with the debut mobile top-up service due in the coming months. The new app will enable users to top-up their own prepaid voice and data plans and those of their friends and family.
EZYield automated online distribution management solutions for the worldwide hospitality industry, has achieved third-party PCI-DSS Level 1 Certification for its entire end-to-end hotel reservations processing system. EZYield’s third-party PCI-DSS audit was conducted by Kenneth R. Rowe, vice president of Chief Security Officers, a technology security certification firm based in Scottsdale, Arizona. EZYield is the originator and industry leader of automated online distribution management solutions for the global hospitality industry.