Entersekt announced Swisscard AECS AG has implemented its mobile application Transakt to enable safer, more user-friendly 3-D Secure protection of online purchases. Swisscard is a joint venture between Credit Suisse AG and American Express. Designed to serve as an added layer of security for e-commerce purchases, 3-D Secure has significantly reduced fraud rates, but has proved unpopular with consumers and merchants owing to the cumbersome user experience of many current implementations. Entersekt’s card-not-present authentication solution reinvents the 3-D Secure user experience by enabling consumers to authenticate purchases through their mobile device with the touch of a button.When shoppers registered for the service initiate a transaction on a 3-D Secure e-commerce web site, they receive a push message on their mobile phone with the payment details. They then choose an “Accept” or “Reject” response.
Checkout form Stripe has released its latest version. These redesigns feature expanded address support and supports separate billing and shipping addresses. Now Stripe will automatically select the user’s country, and we can fill in their city and state when they enter a postal code. The Company also supports integrated billing address verification and users are notified immediately if they’ve mistyped anything. Additionally, the Stripe added the “Remember me” checkbox that allows customers to save their payment info by providing a mobile phone number. This in turn enables a rapid checkout experience in the future on any site using Checkout. Stripe securely identifies your users via text message so they don’t have to retype their payment information or remember an additional password.
The Logic Group partnered PayPal online payment company, allowing shoppers to buy online without sharing their financial information with merchants. The PayPal integrated service offers end users choice and flexibility when it comes to selecting a payment method; transactions can still be completed by debit or credit card, or through PayPal, funded directly via their bank account or existing PayPal balance. The Logic Group can also provide fully customisable, and scalable, Pay Pages for merchants, and manage sensitive data allowing all to benefit from PCI DSS compliance, Verified by Visa and MasterCard SecureCode functionality and reduced associated costs.
PayPal and Asian carrier Singapore Airlines announced that customers in the US, Singapore and five other Asia Pacific countries and territories can now pay for their tickets via their PayPal account on singaporeair.com. Singapore Airlines customers may purchase tickets in as few as three clicks without having to retype their credit card or financial details. Apart from their PayPal account balance, users can pay for flights using credit or debit cards that are linked to their PayPal accounts. Users’ privacy and financial information will also be protected in the online transaction. Singapore Airlines will be able to provide customers with a better checkout experience with PayPal’s hassle-free and secure payment service. Furthermore, the airline will be better positioned to reach out to more travellers on PayPal’s worldwide network of 94 million active users.
Paypal has announced that it has reached the milestone of 35 million
accounts in Europe. Further demonstrating the services’ growing
popularity, 23% of European online consumers use the company’s protected
payment service. Without ever having to retype their financial
information or share it with the merchant, in 2006 Paypal users spent
$8.4 billion in Europe. The service has a presence in 15 countries,
supports payments from 103 markets using 17 global currencies, and has
more than 133 million accounts.
eFunds’ Penley subsidiary and Fiserv’s IntegraSys unit have signed a deal through which IntegraSys will privately label and sell Penley’s “ID Verification” solution to credit unions. This agreement helps IntegraSys provide its credit union customers with an extensive, easy-to-use and cost-effective identity fraud prevention program as well as compliance with the USA PATRIOT Act Section 326, 314(a) and Office of Foreign Assets Control (OFAC) regulations. Penley, a wholly owned subsidiary of eFunds Corporation, offers easy-to-use technology solutions that provide financial institutions with comprehensive information that protects against fraud, offers business intelligence and increases operational efficiency. Fiserv, Inc. provides information management systems and services to the financial industry, including transaction processing, outsourcing, business process outsourcing and software and systems solutions.
Chase Manhattan Bank introduced its digital wallet based on Brodia’s e-commerce services. The ‘Chase Companion’ wallet will be available free-of- charge to Chase’s 20 million cardholders. ‘Chase Companion’ also offers other online tools that give consumers the ability to organize shopping records and merchant e-mail. For example wallet users can block unwanted e-mail and receive only the types of offers that match their interests. ‘Chase Companion’ also features additional benefits such as password management, special offers and discounts.
EntryPoint Inc., the idealab! company that recently acquired PointCast, Monday announced that Discover Financial Services has agreed to have Discover Card become the preferred credit card when users open and utilize EntryPoint’s eWallet feature.
With over 500,000 downloads during the beta release, EntryPoint has now added new features including stock alert functionality and an integrated audio player that allows simple access to MP3 files and CDs. EntryPoint is now available for consumers to download at [http://www.entrypoint.com].
After completing a short form, Discover Cardmembers can enter their Discover Card account number and personal information into eWallet, where it will remain securely stored on their personal computer and only accessible by a password. When shopping anywhere online, Cardmembers can make their selections and proceed to the check out page as normal.
At that point, they simply drag their Discover Card from their eWallet onto the merchant Web page and it automatically fills in the form. Shoppers no longer have to retype their credit card and shipping information every time they want to make a purchase.
“EntryPoint is looking forward to working closely with Discover Card to help drive e-commerce sales in what is expected to be a record-breaking online holiday shopping season,” said Francis Costello, President of EntryPoint Inc. “Imagine going to the store and being required to fill out a long, tedious form every time you buy groceries or clothes. EntryPoint’s eWallet eliminates this process every time you shop online by automatically filling in the information for you and storing it securely on your hard drive.”
Taking up less than an inch of desktop real estate, EntryPoint provides instant access to the most commonly used Internet categories: news and information, e-commerce, resources and search. EntryPoint’s new stock alert feature allows users to customize their stock portfolios and enables them to be alerted when there are any changes as specified by the user.
For example, if users designate specific high or low stock prices, they can be alerted immediately when either of the boundaries are reached. In addition, the added functionality also enables users to have quicker and easier access to audio controls to listen to their favorite MP3 or other music and audio files.
“Our agreement with EntryPoint makes shopping online more convenient than ever for our Cardmembers,” said Colleen Zambole, Vice President of Electronic Commerce for Discover Financial Services. “EntryPoint’s eWallet not only expedites the check out process, it also makes reaching for the Discover Card as simple as getting it from your purse or wallet. And our Cardmembers can rest assured that the transaction is completely secure and will allow them to earn their Cashback Bonus(R) award wherever they shop online.”
EntryPoint’s eWallet features the Discover Card and also allows users to input and use any other credit card of choice when shopping online. The eWallet feature also allows users to store log-in information at their favorite sites.
‘EntryPoint’ to the Internet
Personalized headline news, stock quotes, sports, e-commerce and more are only one-click away via the EntryPoint client that sits unobtrusively on a user’s desktop. Customizable features include a news headlines ticker and news briefs, stock quotes, sports scores, weather, shopping, a Web search function and a finance and resources guide for commonly used Internet functions.
[www.discovercard.com] Discover(R) Card provides a selection of easy-to-use online services at [www.discovercard.com] to simplify everyday financial management for its Cardmembers. Selected features on the site include:
— Account Center – where registered Cardmembers can access current and past transaction information and sort it to their preference by date, description or amount.
— Discover [email protected](SM) – allows Cardmembers to choose from a menu of free email options to regularly inform them about the status of their accounts and stay up-to-date with their payments.
— SmartCheck(SM) payment option – is a free, convenient way for Cardmembers to pay their Discover Card bills online.
— Internet ShopCenter(SM) – where Cardmembers can find exclusive online discounts and special Cashback Bonus(R) awards on thousands of products.
Discover Financial Services, a business unit of Morgan Stanley Dean Witter & Co., operates the Discover Card brands with more than 47 million Cardmembers and the Discover/Novus(R) Network. The Network is the largest independent credit card network in the United States with more than 3 million merchant and cash access locations.
About EntryPoint Inc.
Based in San Diego and Sunnyvale, Calif., EntryPoint Inc. is an idealab! company offering Internet services that reach users directly at their desktop. By leveraging PointCast’s compelling, content delivery technology, together with eWallet’s intuitive e-commerce tools, EntryPoint provides instant desktop access to the most commonly used Internet functions via a unique personalized toolbar. For more information visit us at [www.entrypoint.com].