Other Breaking News
In today’s CardFlash News Que: PAYPAL (brand); AMERICAN EXPRESS (school); MERCATOR (P2P); and TSYS (FPS).
Predator 8 GT-810x
Acer announced its new Predator 8 GT-810 gaming tablet, one of several new gaming devices in Acer’s high-octane Predator gaming series. The sleek brushed aluminum GT-810 is powered by the Intel® Atom™ x7 processor, Android 5.1 and the latest 2×2 MIMO wireless technology, taking portable gaming to a new level of fun and immersion.
Other Breaking News
In today’s CardFlash News Que: RAND (One Payment); PAYITSIMPLE (award); WIRECARD (Sparhandy); and THREATMETRIX (cities).
Samsung and PayPal select Nok Nok Labs
Nok Nok Labs announced that Samsung and PayPal have selected the company’s NNL™ S3 Authentication Suite to enable the new mobile payment system introduced at Mobile World Congress. The next Samsung Galaxy S5 smartphone will enable seamless and secure mobile payments via an integrated Fingerprint Sensor (FPS). The S3 Suite from Nok Nok Labs allows both Samsung and PayPal to provide a simpler, more secure mobile shopping experience, leveraging the emerging FIDO™ standards.The NNL™Multifactor Client (MFAC) Mobile Edition (also called the “NNL FingerPrint Passport”) allows the Galaxy S5 Fingerprint Sensor to connect securely to online services, and will help Samsung enable users to authenticate any FIDO Ready™application with the existing security capabilities of their device. PayPal has deployed the NNL™ Multifactor Authentication Server (MFAS) to provide a unified and flexible authentication infrastructure that communicates securely with the NNL client on the Galaxy S5. Both Nok Nok™ products are FIDO Ready, meaning they have been certified by the FIDO Alliance.
FIS Begins Processing ELO Cards
FIS’ Brazil-based subsidiary, Fidelity Processadora e Servicos, has begun processing credit cards issued by Banco Bradesco under the ELO brand and will process the prepaid cards issued by Cia Brasileira de Solucoes e Servicos (CBSS) under the new brand. The ELO-branded cards will be available to all social classes to leverage the use of plastic as an instrument to enhance access for about 40 million Brazilian citizens. The cards will become an important ally in the process that will eventually replace checks and cash in commercial transactions and will provide the convenience and security of using credit, debit and prepaid cards as alternative means of payment.
FIS
FIS banking and payments technology has signed a 10-year agreement with Banco Bradesco through its card processing joint venture, Fidelity Processadora e Servicos S.A. (FPS), further strengthening its Brazil operations. With this, FIS FPS will process and support Banco Bradesco’s private label Visa and MasterCard portfolios through 2020. Brazil currently has an average annual estimated gross domestic product (GDP) growth of 5% over the next five years, which FPS is well-positioned to serve having grown the number of cards on file by 37% per year over the past five years. During this same time period, credit card outstandings in Brazil more than doubled and analysts predict this growth trend to continue as credit and debit card usage as a means of payment has steadily increased among members of the country’s less affluent consumers.
FIS Payment Kicksoff Brazil Operations
FIS banking and payments technology has signed a 10-year agreement with Banco Bradesco through its card processing joint venture, Fidelity Processadora e Servicos S.A. (FPS), further strengthening its Brazil operations. With this, FIS FPS will process and support Banco Bradescoâs private label Visa and MasterCard portfolios through 2020. Brazil currently has an average annual estimated gross domestic product (GDP) growth of 5% over the next five years, which FPS is well-positioned to serve having grown the number of cards on file by 37% per year over the past five years. During this same time period, credit card outstandings in Brazil more than doubled and analysts predict this growth trend to continue as credit and debit card usage as a means of payment has steadily increased among members of the countryâs less affluent consumers.
FIS
FIS banking and payments technology, has inked a binding memorandum of understanding with Banco Bradesco for its “Fidelity Processadora e Servicos” card processing joint venture. Under the ten-year services agreement, ‘FPS’ will provide comprehensive, fully outsourced card processing, call center, collection and back office services for Banco Bradesco’s private label and bankcard portfolios. ‘FPS’ and Bradesco are working to complete the conversion of Bradesco’s 14 million bankcards during the fourth quarter of 2010, bringing the total number of cards processed on behalf of all FPS clients to more than 40 million.
GEMALTO E-ID
Gemalto has rolled out its “eID” solution that consists of a
dedicated eID card for children aged under 12 with specific features
intended to increase their security in emergency situations.
The size of a credit card, the new “Kids-ID” card features three main
functionalities. It acts as an electronic national ID
credential for Belgian children and also serves as an official travel
document in most European countries. It contains all necessary ID
information as well as the child’s photograph. This data is printed on
the card body and also securely stored in the microprocessor, protecting
the child in emergency situations. The “Kids-ID” card can be used on the
Internet for safer access to
online chat and for use of services that require identification.
VASCO DIGIPASS 835
VASCO Data Security International has introduced the “Digipass 835”, a
user-friendly card reader for high risk internet banking transactions.
User-acceptance is guaranteed through the new optical interface which
facilitates data transfer from the computer to the card reader in a couple
of seconds. The “Digipass 835” requires no personalization prior to customer
delivery. The Digipass 835 is simply activated and personalized on the
insertion of the end user’s bank card. Two-factor authentication will be
activated after PIN-insertion. The OTP which is generated by the Digipass
835 can be used to securely log onto the bank’s network. For e-signature
the optical interface enhances user-friendliness, though Digipass 835 is
operational either with or without the use of the optical interface.
The optical interface enables the automatic download of encrypted data
from the PC onto the display of the Digipass. Data transfer requires no software or driver installation,
data are simply transferred by holding the optical interface in front of the
computer screen: the flashing pattern on the PC screen and the
photo-transistors of the Digipass 835 take care of the transfer.
With the launch of Digipass 835, VASCO extends is portfolio of EMV CAP
compliant readers.
Amazon Introduces AGC On Demand
Amazon.com’s ACI Gift Cards has launched “Amazon Gift Codes On
Demand”, a real-time electronic gift-card distribution
option. With AGC On Demand, gift codes are created individually in
virtually any denomination and can be immediately issued in almost any
format — based on the clientâs preference — including e-mail, HTML,
customized/co-branded cards and paper receipts. Companies are
able to reduce physical gift-card fulfillment overhead and secured
facilities for storage while providing
gift card recipients with a customized experience and instant
gratification.
eFunds to Power Links’ Faster Payments Service
eFunds International is working with LINK Interchange Network to provide the core functionality for the new “Faster Payments Service,” that will deliver real-time funds transfer from one bank account to another. Due for completion in 2007, the “Faster Payments” implementation is being overseen by APACS, the UK payments association, which has been developing the specification in response to the Office of Fair Trading Payments Systems Task Force. LINK is developing the core infrastructure in partnership with Voca.