Feedzai, a data science company that uses real-time, machine-based learning to analyze big data and minimize risk in the financial services industry, inked a partnership with Socure, the industry leader in real-time online identity verification solutions.
An all-in-one, tablet point-of-sale (POS) system for small business has hit the market. The new NCR Silver Register runs NCR Silver in the cloud and excludes third-party user applications to help maximize employee productivity and help minimize security risks.
The Accenture Mobile Wallet platform has been cited in the “Ovum Decision Matrix: Selecting a White-label Mobile Wallet Platform,” scoring the highest overall technology assessment ranking in the report.
TX-based POSsible has rolled-out plug-and-play POS-in-a-Box solution enabling customers to purchase conveniently at their local retailers.
TSYS announced its Enterprise Tokenization solution to secure payment card information for purchases made online, through mobile devices and “digital wallet” applications. The solution is a key component of the company’s Connected Mobility agenda which includes API interfaces and consumer-facing applications to support payments, communications and commerce. To truly secure mobile commerce and provide increased protection against unauthorized account use, including that stemming from data breaches and other forms of fraud, TSYS Enterprise Tokenization protects card data by substituting a card’s Primary Account Number (PAN) with a token. The token acts as a substitute value for the actual PAN, while the data is in flight and at rest inside an issuer’s or retailer’s systems. The true PAN value associated with the token can be identified at any time with the right decryption keys. This preserves the length and format as the original PAN, and is no different from standard payment card information for transaction processing systems, applications, storage and tools.
Eckoh secure payment products and customer service solutions has been granted a patent (No. 2478916) for the transaction security method and system that underpins its CallGuard product.The patent was filed in 2010 by Veritape, a leading secure payment solutions company acquired by Eckoh in June 2013. Both Eckoh and Veritape have specialised in developing card payment solutions to assist companies in making ‘card-not-present’ transactions more secure, particularly those made over the phone through a contact centre. CallGuard, installed on customers’ sites, has proven its success in the market with deployments across the globe. Many companies such as outsourced contact centre providers have adopted the simple plug-and-play solution that prevents sensitive customer cardholder data from reaching call recordings and contact centre agents.
ams AG analog ICs and sensors announced that US-based DeviceFidelity, Inc. is using unique ams RF technology in its latest CredenSE 2.10 NFC microSD card to enable secure, certified NFC transmissions between any mobile phone and contactless payment terminals from Visa and MasterCard. DeviceFidelity CredenSE 2.10 is the world’s first NFC microSD card to successfully achieve global payment certifications from both Visa and MasterCard without requiring external booster antenna or device specific attachments. Using the AS3922 from ams, an integrated NFC front end with Active Boost technology, CredenSE achieves a typical read range of 4cm in a mobile phone’s microSD slot. The mobile phone is a notoriously difficult environment for RF and variations between phone models make it difficult to consistently achieve good performance. The stringent requirements for read range compatibility with payment terminals for payment applications cannot be met in small form factors such as SIM or microSD cards with a traditional passive NFC card emulation front end and simple planar antenna. The DeviceFidelity CredenSE 2.10 is the first commercially produced NFC microSD card that meets EMV standards using only an ultra-small antenna embedded in the card, making distribution and compatibility with hundreds of phone models possible with one easy-to-deploy microSD card. It can be used to transform any mobile device with a microSD card slot into a contactless payment device without any need for device specific external antenna or attachments. Active Boost allows for robust tag-to-reader communication at a coupling factor 100 times higher than is possible with conventional passive tag designs. The AS3922 also offers unique Antenna Auto Tuning and Q factor adjustment, which are critical to microSD, SIM and µSIM applications. The IC includes an ACLB interface for communication with the contactless interface of any Dual Interface Secure Element, and DCLB and NFC-WI interfaces for digital communication.
MoneyGram announced a new agreement with the mobile platform company DeviceFidelity to become the exclusive money transfer provider for DeviceFidelity’s award-winning moneto™ mobile financial service offering. The new service is available to moneto users immediately on iPhone and Android platforms. The agreement brings together a leading provider of mobile plug and play solutions and the world’s second largest global money transfer company to give moneto users a fast, convenient, and secure way to send money using a mobile device to any of MoneyGram’s more than 321,000 locations in 198 countries. Consumers simply sign up for a moneto account by downloading the free moneto mobile app from the iPhone App Store or Android’s Google Play. Once registered, users receive a moneto prepaid MasterCard card in the mail, and then have access to the moneto app’s award-winning features.
On Track Innovations received a blanket order for 30,000 of its NFC and contactless payment readers for use in North America from a global leader of integrated technology solutions in the retail petroleum industry. OTI plans to deliver the entire order to its customer this year and expects additional revenues for providing support services to the customer. OTI expects to receive follow-on reader orders from this customer later this year. OTI worked closely with the customer to create a custom-built antenna (hardware) and support the various contactless payment schemes (application) on the reader itself, ultimately providing the customer with an OEM kit to fit the customer’s wide range of products. OTI was chosen over its competitors for its proven ability to solve the customer’s specific needs based on its know-how and extensive intellectual property.
On Track Innovations received a blanket order for 30,000 of its NFC and contactless payment readers for use in North America from a global leader of integrated technology solutions in the retail petroleum industry. OTI plans to deliver the entire order to its customer this year and expects additional revenues for providing support services to the customer. OTI expects to receive follow-on reader orders from this customer later this year. OTI worked closely with the customer to create a custom-built antenna (hardware) and support the various contactless payment schemes (application) on the reader itself, ultimately providing the customer with an OEM kit to fit the customer’s wide range of products. OTI was chosen over its competitors for its proven ability to solve the customer’s specific needs based on its know-how and extensive intellectual property.
Micros and payleven mobile payment partnered to provide businesses cloud-based POS with integrated mobile Chip & PIN card payment. Based on Micros’ “Kachng!,” the partnership created a cloud based pay-as-you-go system that incorporates rich POS capabilities which can be implemented in minutes. A “Kachng!” rolling subscription costs from GBP49 per month per POS and payleven simply charges 2.75% per transaction and GBP89 + VAT for the card reader. Both can be cancelled at any time. It offers a truly mobile POS that works via 3G, 4G or Wi-Fi – perfect for both mobile retail and flexible in-store transactions.
Visa launched its plug-and-play mobile money platform, allowing financial institutions and mobile operators to offer bank-grade managed mobile financial services to consumers. This allows Visa to host and fully manage all aspects of a mobile money program on behalf of the provider, from user interface design to consumer enrollment, transactions processing, authorization, clearing and settlement. This can enable domestic-only or globally interoperable mobile money services. Users can access a financial account that is linked to their mobile phone number. From cash-in and -out transactions at agent locations, to paying bills, sending money to relatives, topping-up air time and buying train tickets, consumers can take advantage of bank-grade financial services and Visa-quality payments. Visa’s new platform is designed to comply with the regulatory frameworks established for mobile financial services for mobile network operators and financial institutions to provide local connection to Visa’s global payment network, VisaNet.