MasterCard will provide tokenization services to commercial credit card issuers. Soon, corporations and business travelers will be able to load eligible corporate credit cards within participating mobile and digital wallet services.
Riyad Bank, one of Saudi Arabia’s top financial institutions, is migrating its entire portfolio to Gemalto’s Clarista Contactless EMV card, powered with the industry-standard MULTOS operating system. This is the country’s first contactless payment method.
With a maximum of 40 transaction processing servers running on inexpensive commodity hardware, NuoDB’s performance was seven times higher as compared to its previous version — processing more than one million transactions per minute.
Samsung Pay will be a reality this summer following the launch of the new Galaxy S6 and S6 Edge phones on April 10th. Visa and MasterCard are fully supportive of Apple Pay’s newest and most formidable competitor.
Ballpark food and beverage concessions at the 2014 World Series, which begins tonight, will be payment NFC-enabled. The Kansas City and San Francisco ballparks will be the first professional sports facilities to accept Apple Pay.
Equifax has released FICO Score 9 which offers more nuanced ways to assess consumer collection information, bypassing paid collection agency accounts and offering a sophisticated treatment differentiating medical from non-medical collection agency accounts.
Inside Secure semiconductor solutions for secure transactions and digital identity launched the PicoPulse NFC “booster” chip, allowing manufacturers to fit all components of an NFC card emulation and peer-to-peer mode solution into a standard SIM form factor. The INSIDE PicoPulse NFC RF front-end booster chip is provided with the INSIDE high-performance VaultSEcure hardware solution secure element to support NFC-compliant card emulation and peer-to-peer operation for SIM and other form factors. SIM cards based on the PicoPulse chip can be plugged into current mobile phones, tablets and other mobile devices, providing NFC functionality to enable more people to engage in mobile payment, transport, access control and other secure transactions. The INSIDE PicoPulse and VaultSEcure chips are complemented by a complete reference design OEMs can use to create SIM, microSD and other format solutions.
PAY.ON, the world’s leading provider of payment infrastructure services, adds the processing of passenger flight data (airline addendum data) to its web-based payment outsourcing platform ‘PaySourcing’. ‘PaySourcing’ enables all eMarket companies to become a full-fledged payment service provider without any set-up expenses or follow-up investments – including a direct access to the global payment network.…
Ramtron International Corporation (NASDAQ: RMTR), a leading developer and supplier of nonvolatile ferroelectric random access memory (F-RAM) and integrated semiconductor products, revealed at the Silicon Valley Design West/Embedded Systems Conference, a new low energy F-RAM memory that expands the company’s capability to improve energy efficiency, access speed, and security in its customers’ products. Ramtron also…
INSIDE Secure and Sunward Telecom announced they will be demonstrating a new NFC upgrade solution that fits entirely within a standard-size SIM card and achieves industry-standard, 4-cm proximity transaction performance when inserted in a non-NFC mobile phone. Simulating a MasterCard® PayPass™ payment transaction, the demonstration shows how non-NFC mobile phones can be easily upgraded to…
FiTeq Technologies launched the first payment card that incorporates an approved EMV payment applet in combination with the FiTeq Energizer Stripe enabling a unique cryptogram (FiTeq Transaction Specific Code) to be created within the magnetic stripe data packet for each transaction. This solution ensures dynamic authentication whether the card is used at EMV terminals or legacy magnetic stripe terminals. Regarded as the optimal means to prevent losses from skimming and Account Data Compromise (ADC), both of which can result in counterfeit account usage, Dynamic authentication will potentially save institutions billions of dollars per year by providing a fraud protection solution that is unparalleled in the payments industry. FiTeq is privately held and has their licensed patented technology already in each of the over 100 million U.S. contactless cards already in use by American Express, Discover, MasterCard and Visa.
FiTeq Technologies launched its payment card that incorporates an approved EMV payment applet in combination with the FiTeq Energizer Stripe(TM) enabling a unique cryptogram (FiTeq Transaction Specific Code(TM)) to be created within the magnetic stripe data packet for each transaction. This solution ensures dynamic authentication whether the card is used at EMV terminals or legacy magnetic stripe terminals. Dynamic authentication safeguards cardholder data by making it valid for one transaction only, then expiring, precluding re-use by fraudsters. Dynamic authentication is widely regarded as the optimal means to prevent losses from skimming and Account Data Compromise (ADC), both of which can result in counterfeit account usage. Battery powered and embedded with FiTeq’s Energizer Stripe, the card lets the magnetic stripe data packet to create a unique ID that changes for each transaction: the FiTeq Transaction Specific Code.