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.
Gemalto announced “UpTeq NFC SIM” embedded software and product has been selected by Chunghwa Telecom (CHT) to secure its NFC payment program. CHT is Taiwan’s largest mobile network operator with 10 million subscribers. The initiative, using the SIM as the secure element to safeguard mobile NFC transactions, was approved by the Financial Supervisory Commission of Taiwan. CHT subscribers will be able to use their mobile phone for contactless payments at over 20,000 MasterCard® PayPass™ point of sale readers across Taiwan including supermarkets, department stores and a fleet of taxis. The pilot also supports additional NFC services such as multiple credit and prepaid cards, loyalty cards, coupons, and ticketing.
Allied Payment Network online bill payment services to the financial industry is generating positive buzz around its innovative bill pay solution, Picture Pay mobile bill payment app allowing consumers to pay bills using the camera on their mobile device. FinovateSpring is a two-day showcase of the newest financial and banking technology innovations from leading established companies to young startups. This year’s spring event attracted more than 1,300 attendees, which the conference reports as the largest attendance to date. With Picture Pay, users take a picture of the bill, enter the amount and date, and the bill is paid. Picture Pay’s technology does the rest by reading the data from the bill, then syncing with the customer’s bank or credit union to process the payment.
Virtual Piggy safe youth payments appointed Iain Herd Global Mobile Product Director, bringing with him over thirteen years’ experience in product management, and seven years leading mobile initiatives at major corporations, Iain will be responsible for directing and managing Virtual Piggy’s Mobile First initiative, reporting directly to CEO and Founder, Dr. Jo Webber. Iain, an expert in mobile technology, held the role of Global Head of Mobile Partnerships and Product at PayPal wherein he launched a number of key mobile services including the PayPal Wallet app for Windows Phone in addition to developing Point of Sales solutions and carrier billing and device partnerships, establishing PayPal as a key player in the mobile industry. He also spent 5 years with Vodafone leading the management of global social networking initiatives, working with leading industry partners including Facebook, Skype, Windows Live, Yahoo!, Google and Twitter.
AJB Software Design integrated payment solutions is a participating Payment Technology Provider in the Visa POS Solutions Program and has validated current versions of its payment processing suite. AJB’s integrated payment solutions are customized based on industry and customer need, and are applicable for an array of sectors. AJB’s payment processing suite consists of the Retail Transaction Switch (RTS) and Flexible Integrated Payment System (FIPay), and enables merchants to quickly deploy new payment innovations. RTS is a robust, multi-purpose transaction switch that scales to meet the high level of performance demanded by North America’s largest and most well-known retailers.
UMB Bank in alliance with Dynamics launched the “ePlate” credit card to allow brands, retailers, non-profit organizations or entertainers the opportunity to offer consumers a unique reward, or experience, they can only earn by using an ePlate credit card. When a company becomes an “ePlate Experience” Provider, they expose consumers to a “rewards offer” that goes above and beyond what any other company is doing. Currently, companies and organizations with traditional rewards cards offer consumers the opportunity to earn “things.” But with ePlate, they can reward consumers with unique experiences which create a better way for brands to build loyalty and a priceless connection with the consumer.
American Express has unveiled a series of partnerships designed to create seamless and engaging shopping experiences for consumers that turn unique, curated content into commerce. Timed to the launch of the fall fashion season, American Express is enabling digitally minded shoppers to Fancy, Like and Sticker to find inspiration, connect to fashion and, exclusively for American Express Cardmembers, receive benefits, offers and experiences. In partnership with The Fancy, American Express has created a first-of-its kind brand channel curated by tastemakers and fashion industry insiders that will feature an offer exclusively for American Express Cardmembers. Cardmembers who sync their eligible American Express Card at Sync.AmericanExpress.com could get $20 back on their next purchase of $100 or more on The Fancy.
Boardwalk Fresh Burgers and Fries has implemented Cardagin Networks Mobile Relationship Management (MRM) platforms to power the company’s mobile customer loyalty and rewards program. With this agreement, Cardagin will produce the first-to-market customized enterprise version of its highly successful MRM platform for Boardwalk. Boardwalk Ventures, LLC., will lead the program roll out exclusively in Southern California and Texas stores this year to complement the brand’s coast-to-coast expansion beginning at the end of July in Hermosa Beach.
Payment Alliance International (PAI) electronic payment processing and information solutions, will launch the “PAI Secure” ATM. This indemnification coverage program protects PCI-related data breaches at ATMs, fee notice sticker suits and legal fees. The “PAI Secure” ATM program covers expenses and/or fines associated with ATM data breaches and sticker suits, plus provides information on how businesses can bring their locations into compliance with the Electronic Funds Transfer Act (ATM sticker suits). The PAI Secure ATM program allows participating distributors and ATM owners will be protected with indemnification coverage for expenses and fines associated with ATM data breaches, sticker lawsuits and legal fees.
SpyderLynk marketing technology company launched its “Snap-to-Buy” mobile commerce solution that closes the loop for publishers and advertisers, allowing them to take traditional media right to the intersection of social, mobile and, now, m-commerce. It lets consumers ‘Like’ a brand on Facebook, obtaining additional product information, scoring and redeeming offers to purchasing products – all with one snap or scan of a “Buy it Now” or “Shop the Look” SnapTag from a printed advertisement using their mobile phones.
Citizens Financial Group launched its “accessCARD Command” expense-management solution, available for no extra charge to all Citizens Bank and Charter One commercial card customers with annual revenues of less than $25 million. Leveraging the MasterCard inControl platform, “accessCARD Command” allows business owners to easily set spending controls on the cards issued to their employees and to receive real-time account information, including purchases made or attempted by their employees. It lets owners set up and manage exactly where, when, how and for what types of purchases their employees’ cards may be used; set up spend limits and budgets for particular types of spending; and establish how and when they receive alerts, via text and/or e-mail, to safeguard against overspending and keep them informed in real time about attempted card activity.
United Nations Federal Credit Union’s (UNFCU) globally compliant chip and PIN credit cards with newly released results of the financial cooperative’s effectiveness study. UNFCU’s analyses demonstrated significant increases in member demand, satisfaction and spend achieved during the period October 2010 to February 2011, compared to the previous year, showing + 153% in card applications, + 382% in credit lines booked, + 20% for revolving balances, and, + 15% in overall purchases. UNFCU recognized the need for a universal, convenient and secure payment card. Through the World Traveler program, Gemalto provides UNFCU with complete issuance service, including full card design, production and personalization. This program has aided UNFCU in serving members, particularly those located in the field and in extreme situations. For example, UNFCU reissued cards for members after the earthquake in Haiti.