Giesecke & Devrient is launching its “SmartTrust Portigo” mwallet solution for NFC services, putting debit and credit cards, ID cards, loyalty cards, public transport tickets, and access keys for buildings and vehicles in one electronic wallet. When users download software called Wallet Client onto their smartphones, they establish a connection to a secure element and to the Wallet Manager, which is provided in the mobile network by the Wallet Issuer. The Wallet Manager allows the Wallet Issuer to conveniently deploy services provided by various NFC service providers and supply them to their customers, who can simply download the corresponding widgets onto their smartphones.
Concerns about retirement and the cost of health care declined from six months ago among mass affluent Americans (consumers with $50,000-$250,000 in investable assets) according to the Fall 2012 Merrill Edge Report. Released today by Bank of America, the survey also found that college education continues to be a major concern, but this group is also taking greater responsibility for their finances. Seventy-three percent of mass affluent fear that their retirement assets will not last throughout their lifetime, down from 83% in April 2012, and 84% of this group are concerned about the rising cost of health care, also down from 89% in the same time period. Sixty-nine percent of mass affluent couples discuss their finances at least a few times per month with 34% of married mass affluent Americans are discussing their finances more than their sex life. Meanwhile, 52% of mass affluent have saved less than $250,000 for retirement. As a result, more than half of respondents plan to retire later than they had one year ago (56 percent), a year-over-year increase of 19 percent from November 2011. Three in four (73 percent) mass affluent who are between 10 and 19 years from retirement have made changes to the way they save for retirement over the past year with 36 percent trimming everyday costs to bolster their savings and 21 percent starting to work with a financial advisor.
Oberthur Technologies security and ID solutions and services announced its selection as the exclusive technology partner of MOBITO mobile payment service. Launched in September by MOPET CZ, a consortium of three of the largest brands in the mobile space – T-Mobile, Telefónica and Vodafone – and four major banks – Česká spořitelna, GE Money Bank, Raiffeisenbank and UniCredit Bank, MOBITO is now available to all mobile users across the Czech Republic regardless of who they bank with. It offers a convenient and secure way to make payments from existing mobile devices and access a wide range of services like transportation, ticketing, online purchases and in-store purchases at cafés, bistros, supermarkets, etc.
Clear2Pay next generation payment and TestPlant partnered to launch The Mobile Payment App Test Solution facilitating application vendors and mobile issuers to launch secure, robust and interoperable mobile payment applications. This allows simultaneous control and/or simulate all interfaces of the mobile ecosystem, features flexible test automation including Graphical User Interface validation. The hyper growth of mobile applications and wallets comes with the challenge of releasing secure apps in a device agnostic manner: stable on multiple portable devices and platforms. Quality assurance and verification of conformance to industry standards is a complex, time-consuming and costly task, especially when testing manually. Also, consumers expect a positive, inspiring experience from the start and rigorous testing is the only way to ensure quality of service and engender deep-seated notions of trust and security around mobility. Ultimately, one single tool allows simulation; test scripting; and graphical user interface automation.
American Express Meetings & Events full-service global meetings and events management provider partnered Cvent meetings technology company to offer an integrated service and technology solution for the management of meetings and events. This extends the companies’ existing relationship, under which American Express Meetings & Events’ global team is now using Cvent’s Supplier Network, to one where Cvent is also developing a set of customized tools and capabilities that can help American Express Meetings & Events clients more effectively and easily manage their meetings and events investments.
Elavon payment solutions provider has announced the Irish launch of its secure Chip and PIN MobileMerchant smartphone card processing solution. MobileMerchant is an innovative, secure, complete payment solution that transforms mobile devices into payment terminals, allowing businesses to accept card payments quickly and securely anywhere, anytime, without a major investment of money or effort. MobileMerchant’s payment app is paired with a Chip and PIN card reader, allowing payments to be processed using BlackBerry® or Android® smartphones and tablets. The solution combines the ease of using a mobile phone for payments, with pricing options including an affordable, easy-to-understand rate programme, making it the ideal solution for small businesses on the go, or for companies that have mobile field operatives that would like to extend the convenience of credit and debit acceptance to their customers.
Fiserv announced Intracoastal Bank, a $167-million community bank headquartered in Palm Coast, enhanced the bank’s digital services with Fiserv solutions. Intracoastal Bank has utilized the Premier bank platform from Fiserv since the bank opened its doors in 2008. The bank’s most recent enhancements to its digital channel include Mobiliti™ for mobile banking, ATM Source Capture™ for check deposits at ATMs, LinkLive Banking for instant messaging and AccountCreateSM for online account opening. The bank has in place a host of digital products and services from Fiserv, including Retail Online™ and Business Online™ for online banking, CheckFree® RXP® for bill payment, Popmoney® for person-to-person payments and Merchant Source Capture™ for check capture. The ATM Source Capture works with image-enabled Diebold ATMs to capture a customer’s check image, determine the check amount, assess image quality and transfer deposit images and related transaction data.
Barclaycard US will promote mobile and online commerce by encouraging its cardholders in the U.S. to save their card to Google Wallet which enables consumers to securely and easily shop online where they see the ‘Google Wallet Buy’ button or in-person using the Google Wallet mobile app. Consumers who use their Google Wallet with their Barclaycard account will receive all the benefits and rewards they typically receive when using their Barclaycard – as part of a new, simple and easy-to-use experience.
CorFire mobile commerce business of SK C&C USA is providing virtual mobile payment capabilities to Dunkin’ Donuts. The technology supports Dunkin’ Donuts’ recently-launched mobile app which eliminates the need for physical cards and enables consumers to gift via SMS, email, and social networks. The Dunkin’ App is technology agnostic and works without the need to wait on NFC, enhancing the consumers’ shopping experience by providing convenient and easy-to-use mobile payment options. The solution, which works on most smartphones, also delivers Dunkin’ Donuts franchisees with payment and gifting solutions that drive customer loyalty while providing cost savings.
PreCash payments and transaction processing expanded its bill payment service, making it possible for consumers to make a payment to more than 10,000 providers. Coupled with its existing billers, prepaid wireless payments, prepaid energy, international mobile top-up and prepaid long distance services, PreCash offers retailers, money service businesses (MSBs) and other companies the most complete suite of payments services available in one place. All of PreCash’s payments are available through an easy-to-use, cloud-based interface. The clerk takes a customer’s cash payment, collects a convenience fee and the transaction is processed electronically.
Fiserv financial services technology solutions announced six financial institutions have implemented Cleartouch from Fiserv for account processing, online banking, risk management, check capture, mobile banking, document imaging, card production, bill payment and accounting. The Cleartouch bank platform is an integrated, end-to-end solution that delivers real-time capabilities. The banks include Mansfield Bank, a $372-million bank headquartered in Mansfield, Mass.; The Home Building & Loan Company, a $43-million bank in Greenfield, Ohio; Kennebec Federal Savings & Loan Association in Kennebec, Maine; Magyar Bank, headquartered in New Brunswick, N.J.; Webster City Federal Savings Bank, a $91-million bank in Webster City, Iowa; and Winchester Savings Bank in Winchester, Mass.
Fiserv announced that six financial institutions have recently chosen “Cleartouch” from Fiserv for account processing. Related solutions for this service include online banking, risk management, check capture, mobile banking, document imaging, card production, bill payment and accounting. These institutions include Mansfield Bank, a $372-million bank headquartered in Mansfield, Mass; The Home Building & Loan Company, a $43-million bank in Greenfield, Ohio; Kennebec Federal Savings & Loan Association in Kennebec, Maine; Magyar Bank, headquartered in New Brunswick, N.J.; Webster City Federal Savings Bank, a $91-million bank in Webster City, Iowa; and Winchester Savings Bank in Winchester, Mass.