A pilot program to provide credit cards to “credit invisible” consumers who have been shut out from certain banking services because of their nonexistent or insufficient credit history with the traditional reporting agencies is now available.
The majority of retailers accepting credit cards are still vulnerable to the newest threat to accepting credit cards from consumers. Researchers from the Cisco Security Solutions team have dubbed the latest malware to attack point-of-sales (POS) systems PoSeidon.
Wright-Patt Credit Union (WPCU) members who own an Android Wear watch can now seamlessly check account balances with a flick of the wrist, without the hassle of logging-in to the mobile app. The app os powered by NCR’s Digital Insight.
NCR’s Digital Insight will be offering customers EyePrint ID for a password-free mobile banking experience. By using the camera on mobile devices, EyePrint ID technology takes an image and pattern-matches the blood vessels in the whites of the eye, eliminating the need to remember and thumb type a password.
The Middle East and Africa segment of MasterCard’s Asia-Pacific-Middle East-Africa region (APMEA) exploded in 2013 with a number of new cards entering the market, proliferation of mobile payments and Shari’a compliant MasterCards. At the end of the third quarter there were 410 million cards issued in the APMEA region. Gross dollar volume for the third quarter was $410 billion. MasterCard will release fourth quarter and annual results on January 31 before the market opens.
Middle East and Africa segment of MasterCard’s Asia-Pacific-Middle East-Africa region (APMEA) iexploded in 2013 with a number of new cards entering the market, proliferation of mobile payments and Shari’a compliant MasterCards. At the end of the third quarter there were 410 million cards issued in the APMEA region. Gross dollar volume for the third quarter was $410 billion. MasterCard will release fourth quarter and annual results on January 31 before the market opens.
Wonga Payday loans is moving into the online payments market with the acquisition of BillPay. The acquisition of BillPay follows the launch of Wonga’s consumer loans service in Poland and the purchase of an online, short-term consumer credit business in Spain during the past 12 months. BillPay has around two million end-users and works with over 3500 online shops. The business is a key payments partner with a number of the largest e-commerce merchants in Europe – including CBR Group (CECIL and Street One), Runnerspoint, Fahrrad.de, DriveNow and Home24 – across a broad range of segments from travel and fashion to electronics and furniture.
MasterCard is evolving its digital storytelling and news sharing platforms to reflect the cashless society. The reimagined newsroom dubbed The Engagement Bureau and the redesigned Cashless Pioneers Blog will make up a MasterCard conversation and publishing ecosystem that helps people engage with the brand, discover amazing and sharable content and immerse them in a discussion around the benefits of digital payments technology in a world that is evolving beyond cash. The Engagement Bureau will become a highly interactive community and information exchange for journalists, bloggers and industry observers that want a real time connection with MasterCard Communications professionals and spokespeople from any place and at any time around the world. The Engagement Bureau will feature summaries of current news, increased use of imagery and video and instant access to communications contacts within the company via social, mobile and traditional means.
Alpha Card Services’ merchant customers can now accept credit cards through the use of existing iPhone, Blackberry, or Android smartphones. According to Alpha Card Services, a mobile placement reader is required which enables credit card swiping, as well as a downloadable smartphone app dubbed QwickPAY. The company also reports that current Alpha Card merchants can request a no-charge mobile placement reader as part of their processing agreement. Alpha Card Services, a registered ISO/MSP of HSBC Bank, National Association Buffalo NY, was founded in 2000 as an agent- and merchant-friendly ISO.
Jumio announced part of its high profile advisory board, to which the founder and CEO invited Internet pioneers Zain Khan (former Google executive), Mark Britto (former Amazon executive) and Maarten Linthorst (former NASA partner). Zain Khan is a former Google executive known as the “Ops guy,” built Google’s impressive infrastructure from scratch in 1999. Board member of Bill Me Later (acquired by eBay) and founder of Accept.com (acquired by Amazon), Mark Britto was responsible for building the main payment infrastructure for Amazon. Working with NASA back in 1969, Maarten Linthorst paved the way for the Internet as we know it, interconnecting the first two servers to become the ARPANET.
HID Global secure identity manufacturing facility has been awarded the Shingo Silver Medallion. The Shingo Prize is recognized as the premier award for operational excellence and articulates the characteristics of a successful world-class lean enterprise. HID Global was recognized for its exceptional business and operational achievements resulting from its customer-centered business process, manufacturing and support initiatives. HID Globalâs Connecticut facility has a track record for executing manufacturing principles by fostering a long-term culture of continuous business improvement within its organization. Reduction in lead times, improvement in on-time delivery, reduced scrap and significant increases in shipments with an incremental increase in labor were noted as contributors to the North Haven facilityâs award-winning performance.
Merchant Warehouse merchant accounts and credit card processing has made available two new mobile payment processing applications for “MerchantWARE Mobile” virtual payment processing for the Google Android and Windows Mobile platforms. With 2010 unofficially being dubbed âThe Year Smartphones Become Mobile Credit Card Terminals,â “MerchantWARE Mobile” is offering its mobile payment processing for secure compliant credit card processing applications and portable card readers. With it, all credit card data (swiped or keyed) is securely transmitted and stored at Merchant Warehouse’s secure data vault, not the mobile device.