CardWeb.com’s CardData database of Company Profiles today features YapStone.
Phillip Dunkelberger is the President and Chief Executive Officer of Nok Nok Labs.
Palo Alto, CA-based Nok Nok Labs has added a Trusted User Interface (Trusted UI) capability to the FIDO-Ready NNL S3 Authentication Suite. The new solution, delivered with Trustonic’s ARM TrustZone-based Trusted Execution Environment (TEE), provides strong security across mobile payments, m-commerce and the entire payments ecosystem.
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.
AGNITiO and fellow FIDO Alliance founding member Nok Nok Labs, a company founded to transform online authentication for modern computing, announce the world’s first demonstration at CES of a FIDO Ready™ Voice iD implementation, showcasing the market-transforming benefits of spoken voice authentication and identification for digital transactions. The Agnitio and Nok Nok Labs FIDO Ready™ demonstration shows how Voice ID and Nok Nok Lab’s Multifactor Authentication Client can be integrated into a mobile application to perform voiceprint-based strong authentication. The solution shown illustrates how FIDO-based authentication can replace the use of passwords to log in or confirm an e-commerce payment. This combination of Nok Nok Labs and AGNITiO FIDO Ready™ product empowers users of online, mobile, and point-of-sale applications to conveniently access sites and services, and perform transactions that are more secure, private, and easy-to-use.
Swipely loyalty and rewards program is expanding to help more than 150 retailers turn credit card transactions into interactions. Swipely gives these new merchant members a hassle-free way to understand, retain and engage customers with loyalty rewards and personalized offers without coupons or keychain cards. The system works with the credit and debit cards more…
Cardlytics transaction marketing has been named among the Red Herring Global 100, honoring private technology ventures. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries. Cardlytics’ selection as a Red Herring Global winner and a Red Herring North America 100 winner is credited to its transaction marketing platform, which unites banks and merchants to provide rich rewards to customers based on their individual purchase behavior.
IT Expo East 2011/M2M Evolution-KORE Telematics digital wireless services provider in machine-to-machine (M2M) communications will lead a presentation titled “Top Considerations when Making an M2M Network Services Partnering Decision,” at IT Expo East’s M2M Evolution conference, being held February 2-4. The presentation will address factors considered when making an M2M network services decision. Whether developing a wireless solution for mHealth, utilities, mobile payments, security or any other vertical, certain basic principles can be followed to create an efficient and effective M2M strategy and ensure your network service partner selection criteria are met for the short and long term.
PayPal is set to host its second annual “Innovate conference” Oct. 26-27 in San Francisco. Inviting experts and developers to explore the growth of mobile payments, the rise of social commerce and the move to Internet-enabled local payments, the three main areas that are changing the way we pay, the Conference will address the future of commerce and payments and how to best capitalize on it. Attendees are invited to explore the capabilities of mobile and social activities, such as The Mobile Payments Opportunity in Emerging Markets; Attracting Gen Y’ers: Mobile Banking, Social Media and New Technologies for Financial Institutions; How to Integrate PayPal for Digital Goods; and Replacing Checks and Cash with PayPal.
Zong mobile payment service, used primarily by online gaming and social networking websites, has completed a $15 million round of funding led by Matrix Partners. Formerly a division of Echovox, Zong is now a standalone company and will use the investment to further market leadership by accelerating the growth of its merchant network in US and international markets and through funding the rapid expansion of its mobile carrier network. Zong is the mobile payment provider for Facebook Credits, a new virtual currency platform being deployed across the Facebook network of over 400 million monthly active users.
eBay reported that PayPal posted $597 million in net revenue for the
third quarter, an increase of 27% year-over-year, but flat sequentially.
Net total payment volume for the quarter was $14.8 billion, an increase
of 28% year-over-year. Global active registered accounts increased to
65.3 million, representing 19% year-over-year growth. During the third
quarter, PayPal handled 214.5 million payments, a 2% increase over the
prior quarter, and up 28% from 3Q/07. PayPal’s 3Q/08 transaction revenue
rate remained at 3.89% from the prior quarter and 3.87% in the year ago
quarter. The processing expense rate for the third quarter was 1.20%,
compared to 1.23% from the prior quarter and 1.21% for 3Q/07. PayPal’s
transaction loss rate inched up two basis points to 0.29%. For complete
details on eBay/PayPal’s third quarter performance, visit CardData
3Q/07: $11.6 billion 54.8 million
4Q/07: $14.0 billion 57.3 million
1Q/08: $14.4 billion 60.2 million
2Q/08: $14.9 billion 62.6 million
3Q/08: $14.8 billion 65.3 million
SOURCE: CardData (www.carddata.com)
Prepaid debit card provider NetSpend has hired Frank Cotroneo as its new COO and is responsible for NetSpend’s operations, finance and accounting, and business information; Anh Vasquez as EVP responsible for NetSpend’s online channel and Tom Cregan as executive vice president and general manager, responsible for NetSpend’s check cashing, payday loan, and general retail channels. Before joining NetSpend, Cotroneo was founder and principal of Core Business Consulting, LLC, providing strategy, finance and business re-engineering consulting services . Vazquez comes to NetSpend with extensive experience in the online space, working for Intel and Netscape, and as a senior executive, most recently senior vice president, on the core team that built Wal-Mart’s billion dollar online business. Cregan joins NetSpend from PaySpot, Inc., a subsidiary of Euronet Worldwide, where he served as president. Prior to his role with PaySpot, Cregan was chief executive officer of e-pay Australia and New Zealand, a company that Cregan set up and sold to Euronet Worldwide in 2003.