UT-based Q Comm International has named Harry Hargens, formerly with Omron, VeriFone, TransNet, HONOR, and National Data, to its Board. Mr. Hargens has been a part of the payments/transactions processing industry since 1981. He currently serves as a CEO, president, and director of InstaPay Systems, Inc. He holds an MBA from the University of Chicago and a BSEE from Illinois Institute of Technology. Q Comm International is a provider of proprietary prepaid transaction processing and information management systems.
MA-based Pipeline Data has hired Thomas Tesmer, formerly with Heartland Payment Systems and HONOR, as CTO effective July 6th.
Atlanta-based InstaPay Systems Kryptosima subsidiary has signed a patent license and equipment purchase agreement with an undisclosed payment processor outside the USA. The agreement also provides for Kryptosima to sell PIN pads/card readers to the processor. InstaPay’s focus is on the implementation of new payment services, such as ATM card payments from home or office to make Internet purchases or fund brokerage accounts.
Dallas-based MetroPCS and One Global Finance have introduced the wireless industry’s first fully integrated stored value card. The new “MetroPCS Wired Plastic MasterCard” provides a direct link to each MetroPCS phone. By dialing #222 customers can hear the card’s available balance, pay their MetroPCS bill and add funds to their Metro-Connect account. Customers also receive text messages directly to their MetroPCS phone with daily balance alerts, load confirmation, and other important notifications. The card is re-loadable and no bank account, credit or employment verification is required to qualify for the card. Loading options include Western Union, InstaPay retail locations, and participating MetroPCS dealers, bank wire transfer and USPS money order.
Internet Payment Solutions and its PayByCash.com Web site have contracted with InstaPay’s Kryptosima to utilize its “payENKRYPT” service. payENKRYPT is the first service to go into production offering Internet merchants the ability to accept ATM card payments. Customers will swipe their ATM card and then enter their PIN on a device about the size of a computer mouse that conveniently connects to their computer. InstaPay’s focus is on the implementation of services such as Internet payments via an ATM/Debit card from home or office, for funding client’s securities brokerage accounts.
InstaPay Systems announced that LAROSE.COM has contracted to be the first merchant to utilize its “payENKRYPT” service which offers Internet merchants the ability to accept ATM card payments. payENKRYPT will enable customers to swipe their ATM card and then enter their PIN on a device about the size of a computer mouse that conveniently connects to their computer, then the payment data is encrypted and transmitted from the consumer’s PC directly to the Instapay/Kryptosima payment gateway, thereby protecting the consumer’s payment data from risk of theft. The payment gateway then obtains real-time authorization of the transaction via its connections to ATM networks.
San Diego-based InstaPay Systems has signed a sponsorship agreement with MD-based Carrollton Bank for EFT network sponsorship for merchants using Kryptosima’s “payENKRYPT” payment gateway service.Â InstaPay’s focus is on implementing secure Internet payments such as the use of an ATM card w/PIN from home or office to fund securities brokerage accounts.
San Diego-based InstaPay Systems has named Harry Hargens, formerly with Omron, GlobalPayments, and VeriFone, to the position of president. In 1995, as Director of Product Management, new markets for National Data (now Global Payments), Hargens created NDC’s first LAN product for multi-lane retailers such as grocers, enabling NDC to enter that vertical market for the first time. In January of 2000, Hargens became President and CEO of Kryptosima LLC, raising $1 million in venture capital in the most difficult equity market in a decade.
San Diego-based InstaPay Systems has introduced “payENKRYPT” which uses a PIN pad to encrypt transaction data and once the transaction is complete the PIN entered is destroyed. To use an ATM card, payENKRYPT uses a PIN pad that easily attaches to a PC to securely encrypt transaction data per banking industry standards. The device is called a PIN pad because it allows the consumer to swipe their card, and then safely enter their Personal Identification Number (PIN) when an ATM/Debit card is used.
San Diego-based Filmagic Entertainment Inc. has changed its name to InstaPay Systems Inc. to reflect the company’s new focus in the transaction processing market. InstaPay’s licensed technology provides a gateway service that enables and delivers certain transactions to allow the use of the consumer’s bank-issued ATM card over the Internet. This service is the first and so far only gateway service to enable Internet merchants to accept ATM Card transactions where the consumer uses their PIN number to verify their identity and complete their transaction.