The quest for the best security with privacy considerations and anonymity may have been discovered by DC-based Anonos. The company has been issued U.S. Patents for its pioneering solutions to architecturally enforce controlled conditions capable of satisfying even the most stringent U.S. and EU data privacy regulations.
CardWeb.com’s CardData database of Company Profiles features POS software provider TouchSuite.
In today’s CardFlash News Que: CASHSTAR (Payments 2015); WELLS FARGO (College); PAYITSIMPLE (Award); and COMMON BOND (CRO).
KWI cloud solutions launched its contactless Apple Pay digital wallet for its KWI Cloud 9 Mobile POS platform. This includes the addition of the VeriFone PAYware Mobile e315 and e335 sleds to KWI’s product offering which supports the Chip & Pin/ EMV retail industry’s requirement for later this year. KWI continues to be the industry leader with 60+ specialty retailers running the KWI Cloud 9 Mobile platform. “Our acquisition of the source code and the associated patent licenses in January, 2014 from Verifone has enabled KWI to quickly roll out new enhancements providing our clients with an early-to-market advantages in delivering a world-class customer experience”, states Sam Kliger, Founder and CEO, KWI. The KWI Cloud 9 Mobile platform is available for use with the Apple iPad, iPad Mini,or iPod Touch and is designed, developed and delivered wholly by KWI.
Bill Me Later Is Now PayPal Credit, PayPal Working Capital Exceeds $150 Million and Both are Going Global – Gary Marino, SVP, Global Financial Services & North America. Since the pilot program launched last September, more than 20,000 businesses have collectively borrowed more than $150 million in PayPal Working Capital business loans through our lending partner, WebBank. The program is also expanding to the UK and Australia to fuel business growth. Businesses in these countries will have access to capital in minutes once they apply and are approved through a simple online interface. PayPal Working Capital allows these businesses to repay with a share of their sales they choose, and don’t repay on days they don’t have sales. Because the program uses a business’s sales history, there iis no credit check or extensive documentation required. The loan charges a single, affordable fixed fee instead of periodic interest so businesses know the cost of the loan up front. It’s that simple.
Evolving Credit Landscape
Offering these products more broadly is a sign of the power that credit brings to both merchants and consumers. Merchants can leverage credit as a tool to secure capital and grow their businesses. Additionally, they can offer credit with flexible payments options for their customers and immediate sales, while consumers experience freedom of choice when buying what they want – when they want it. We recognize this value isn’t limited to our US customers, so we are going global.
Paytoo is the first Mobile Wallet to offer cardless options to the unbanked population. GENMEGA, PAYMENT ALLIANCE and PAYTOO Mobile Wallet improve customer convenience and provides new services such as money transfer or the ability to give a PIN to family members so they could have cash access in times of need. Once at the ATM, consumers can redeem a one-time pin generated from their PAYTOO® Wallet for a selected amount or they can just do a regular withdrawal by entering their phone number and security code. This technology provides an extra level of security to each account and account holder, as mobile phone verification is needed to make a transaction and the potential threat of card skimming is no longer an issue.
ACI Worldwide (ACIW) announced Southern Auto Finance Company (SAFCo) has selected its UP Bill Payment Solution to increase consumer convenience and reduce payment processing costs. SAFCo customers will be able to pay their loans electronically on a mobile device, computer or via phone with a debit card or ACH (Automated Clearing House). Recently named to SubPrime Auto Finance News’ list of Top 100 sub-prime auto lending, recovery and financial service providers, SAFCo is a leading automotive financing company that operates in 14 states. As the company expands its national reach, it is constantly working to improve processes and offer innovative solutions, including bill pay advancement. After conducting a broad vendor evaluation, SAFCo chose ACI’s comprehensive and integrated electronic bill payment solution.
NCR Corporation today announced that it has signed a software professional service agreement with Hua Xia Bank to transform its banking services with NCR’s latest multi-vendor software application, NCR APTRA Activate. The software will run on the bank’s entire fleet of multi-vendor ATMs, self-service kiosks for card issuance and account enquiry kiosks nationwide. NCR will provide implementation maintenance for the new platform, which is expected to begin this fall.
NCR Corporation announced Cumberland Building Society has deployed its Paym mobile payment service using Authentic and Fractals software from Alaric. The deployment is an extension to the existing relationship between NCR and Cumberland Building Society where Alaric’s flexible and highly configurable Authentic and Fractals solutions are already used to process and protect payment transactions. This includes Cumberland Building Society’s ATMs, internet banking and now mobile payment channels, as well as when Cumberland Building Society customers use the LINK ATM network or use their Visa debit cards. The Paym service allows consumers to make secure, convenient payments to account holders of other participating banks or building societies using only the recipient’s mobile phone number. No need to know, or remember, sort codes or account numbers. The Fractals intelligent fraud detection and prevention solution delivers value to issuers, acquirers, processors, networks, PSPs, ISOs and merchants, for all product types, including credit, debit, prepaid or gift cards.
NCR announced that Cumberland Building Society will be migrating its NCR ATMs to Windows 7. Cumberland Building Society is achieving this by deploying NCR Financial Services solutions, thereby improving the overall customer experience and maintaining its position as one of the U.K.’s most innovative financial institutions. Cumberland Building Society continues to expand its network of NCR SelfServ 25 ATMs in additional branches across the region. The provision of these advanced ATMs aims to improve customer service with better availability and access to services for their members. Issuing contactless EMV payment cards, rather than traditional EMV cards requires an upgrade to the chip to handle contactless transactions. There are other benefits that migration to Windows 7 can afford financial institutions such increased operational efficiency, as installation and maintenance take less time, and the ability to support the most innovative, up-to-date hardware.
NCR announced that China Construction Bank (CCB) Beijing branch has recently implemented NCR Dynamic eLock Management solution ATM electronic key management solution. It restricts the access to an ATM’s safe to only authorized users with an IC (integrated chip) smart key and a one-time password. The software solution will help the bank improve the related risks, efficiency and costs issues brought by traditional manual ATM locks during cash replenishment and while conducting service maintenance. The manual dissemination and management of the keys and passwords has generated high operational costs during cash replenishment and carrying out service maintenance at the ATMs. Electronic smart keys embedded with IC cannot be read without authorization, which can eliminate the risk of key replication. In addition, it is no longer necessary to change safe box lock password regularly, which has relieved a significant amount of work for bank staff.
Hybrid PayTech World Inc announced today that Smart eMoney Inc. (SMI) and Hybrid PayTech Asia Inc. (Hybrid) have collaborated for the deployment of a pioneering mobile payment ecosystem platform to enable enterprise and retail businesses in the Philippines. SMI will use the HybridVIRTUO Ecosystem Platform for mobile point-of-sale (mPOS) roll-out which includes a unique host of solutions for easy integration with other existing payment systems. The scalable Hybrid platform will enable SMI to deploy a full suite of compliant mobile payment solutions for businesses and includes Hybrid’s HybridMPOS APPs, a mobile application built on the most popular operating systems for wireless devices such as Android, IOS, BB, and Win6,7,8.