CardFlash News Briefs: FRESHBOOKS (Reader); MOBEEWAVE (Award); VANCO (exec); and APS (V-Tech).
CardFlash News Briefs: FDC (NCR); Nuspay (Nepal); ALLIED WALLET (j2Store); and AMEX (UAE).
Xoom has launched a money transfer service to Singapore. Xoom customers can now send money online to bank accounts in Singapore via their U.S. bank accounts, credit cards or debit cards.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Sudheer Prem, Chief Technology Officer of ID Insight.
DB Card Services in the Netherlands has issued the 1.3 millionth Card Issued by Prepaid Financial Services. The DB Card is a Euro Prepaid MasterCard launched in 2013 by PFS and DB Cardservice, an innovative payment provider and distributor based in Netherlands.
Sionic Mobile has ankled Spencer White as Chief Operating Officer and EVP Business Development. With more than 25 years experience, White co-founded Softcard (the AT&T, Verizon and T-Mobile mobile wallet joint venture – formerly Isis) whose technology was recently purchased by Google.
One of the largest financial institutions in the Netherlands is now offering its customers an easy-to-use, secure and private mobile payment system. Rabobank is now offering a mobile wallet with secure payment app from G&D.
Intel acquired PasswordBox, a Montreal-based and award-winning provider of a cross-platform identity management service that gives users a convenient way to log into all of their websites and applications from any device without having to type or remember passwords.
DHgate becomes the first merchant in China to go live with MasterCard’s MasterPass. China Construction Bank commenced use of MasterPass in March, becoming the first issuer in China and Asia to implement MasterPass with its digital wallet, LongPass.
Payfont has been awarded £100,000 funding from Scottish Enterprise, helping to fund its online security to counter data theft disasters. The Anonymised, Distributed, e-Commerce Architecture (ADeCA) will protect organisations and their customers by managing distributed data fragments via a contextual security protocol. It makes a user’s data completely unique to that user, anonymous to others. This approach raises the bar significantly against Cybercriminals used to stealing large databases of data records that rely on standard encryption and linear access security methods.Cybercrime and its identity theft and money laundering consequences are now at epidemic proportions globally.The 2014 average data breach cost for a company is US$3.5m, up 15% on 2013.
World First has today announced the launch of a ground-breaking new mobile app which will allow clients to make high-speed currency transfers directly from their portable device. The World First Money Transfer App is available to download on iTunes and other app stores for free. It enables clients to manage their international payments on-the-go, so they could be making a secure transfer whilst on the Eurostar from London to Europe, and the money will be in their local account before they arrive.
Aconite’s Smart EMV Manager system been interfaced to the Visa Mobile Gateway to enable the first mobile phone application for contactless payments in the Greek market. First Data Hellas selected Aconite’s Smart EMV Manager, which includes an EMV Scripting engine, to enable remote over-the-air management of the settings within the Visa mobile payWave EMV application installed in a custom SIM. Aconite solutions insulate banks and service providers from the complexity of the transition to mobile payments by making it a natural extension of their existing card issuing and management capabilities.