MasterCard announced that Rama Sridhar will take on the new role of Group Head, Regional Lead, Asia Pacific, Network, Processing & Security Solutions effective immediately. In this newly expanded regional role, Rama will take on responsibility for integrating the services of Network Products, Processing and Enterprise Security Solutions (ESS) into the regional go to market strategies.
Springboard Retail announced The Pink Stores Lilly Pulitzer Signature Stores has launched mPOS as part of a major store transformation project. In The Pink’s eight stores are located in Massachusetts with flagship stores on Newbury Street in Boston and on Nantucket Island. They piloted the project in their Boston store where they removed the cash wrap and stationary POS terminals went 100% mobile. They are using Apple’s iPads and iPad minis powered by Springboard Retail. The results from the first 11 days of In The Pink’s rollout of mPOS reveal a 24.5% increase in sales over the same period in this store a year ago. Transaction count was up 6.5%, transaction value was up 17%, units per transaction was up 12% and total units sold was up 19%. In The Pink repurposed 48 square feet of floor space and reclaimed full floor to ceiling use of 6.5 feet of prime wall space. The Nantucket store is next to undergo the transformation.
Traditional POS devices continued to expand 3.9% in North America and 4.6% around the globe in 2012. With growth expected to continue at 3.6% worldwide for 2013, according to IHL Group research firm’s POS Vendor Shipments Database, the Asia/Pacific region led all regions in terms of growth, but even the economic challenges of most of the EMEA region did not completely squash growth, which came in at over 2% year over year. Additional findings show Microsoft operating systems run on over 87% of the POS terminals shipped and HP is now the second largest supplier of POS Systems worldwide, rising from the #20 position just 10 years ago. Meanwhile, the value of the North American POS Market topped $7.8 Billion for the first time in 2012.
The number of pieces of new mobile malware in 2010 increased by 46%, compared with 2009 and 20 million new pieces of malware were discovered in 2010, equating to nearly 55,000 new malware threats every day. Of the almost 55 million total pieces, 36% were created in 2010, increasing as consumers coincidentally use their mobile devices for payments increasingly.
This is according to McAfee’s “McAfee Threats Report: Fourth Quarter 2010,” indicating a steady growth of threats to mobile platforms. Android/Geinimi, a Trojan inserted into legitimate mobile applications and games for the Android platform, was one of the most important threats of the quarter. McAfee Labs expects cybercriminals to more and more use botnet infections to target mobile devices.
Keynote Systems Internet and mobile cloud monitoring has launched its “MITE 2” (Mobile Internet Testing Environment) for automated testing and verification of mobile content. This lets mobile content developers test and verify mobile Web content using a built-in library of 1,800 devices and 11,000 devices profiles for free download at mite.keynote.com. Also, “MITE” offers many useful features and functionality that allows mobile content owners, providers and QA professionals to quickly see how well Web sites, content, and applications perform from an end-user’s perspective. With this, an embedded WebKit browser engine lets users interact with any mobile Web site and get the most accurate end user perspective; customize the device library to expand upon the 11,000 profiles that come standard in MITE; automate mobile content testing; and verify that a mobile Web site is optimized for a given device using a score and actionable recommendations.
Hypercom Corporation announced that its new “Optimum
M4200” series have received Interac Association Chip PED Device
Certification for use within the Interac Direct Payment (IDP) network.
The Optimum M4200 mobile series has already received PCI PED approval,
MasterCard Worldwide Payment Terminal Security approval for IP and
wireless transactions and EMV Level 1 & 2 certifications for global
merchant markets. The M4200 family shares the same application
development toolkit and user interface as the T4200, enabling business
applications written for one platform to be quickly repurposed for the
other for fast deployment. The new certification from Interac covers the
Optimum M4240 Bluetooth and M4230 GPRS models with integrated smart card
Hypercom rolled-out the new “Optimum M4200” series of mobile electronic payment terminals. The “M4200” mobile series will be available with or without an integrated smart card reader for global deployments, with a choice of long-range GPRS with dial backup or Bluetooth wireless with dial or Ethernet connectivity. The rechargeable battery supports more than 200 transactions per charge even while printing receipts. The line offers the same rapid 32-bit multi-application processing, compact form factor and memory size as Hypercom’s recently released “Optimum T4200” countertop platform. The series also features the latest security standards approvals, including PCI PED, EMV Level 1 & 2 and MasterCard’s PTSP. The M4200 family shares the same application development toolkit and user interface as the T4200, enabling business applications written for one platform to be quickly repurposed for the other for fast deployment.
A new report says that large U.S. banks must move quickly to protect their lucrative payments business amidst the acceleration from paper to electronic consumer payments. DiamondCluster International says the impact of technology on the bank payments business since the 1980s has shifted from the back-end of the payments value chain (creating economies of scale on the acquiring side of payments transactions), to the front end in the 1990s (applying advanced technology to improve issuing of payment instruments such as credit cards), to the middle link: the use of the payment instrument itself in the consumer’s purchasing process (including the store). DiamondCluster says one of the first steps a bank must take to compete in the payments future is to develop a decision-making process that crosses payments businesses. The silos in banks? payment businesses must also be reconfigured. Above all, DiamondCluster says banks need payments strategies that cross their payments businesses.