VISA has contracted Corio, Inc. to provide infrastructure and application management services for its human resources system.
Adobe.com has implemented the “ClearCommerce Suite” for authorizing credit card payments and detecting fraud. The software provides automated processing of all major payment types and a powerful risk management platform to optimally manage the cost of fraud.
Portal Software has signed an agreement with VISA International to explore the replacement of its legacy billing system with a pilot project using Portal’s “Infranet” billing platform. Portal’s Infranet provides an integrated billing and customer management platform that will allow Visa to rapidly respond to changing business needs.
Paymentech and Arcot Systems have teamed to provide the full suite of Arcot “TransFort” merchant solutions to businesses selling goods and services online. Together the two companies have raised the bar in providing a global end-to-end service for secure e-commerce payment processing using Verified by Visa. E-commerce merchants can now get unprecedented fraud and chargeback protection, while increasing the confidence of online shoppers.
London-based Logica, a major supplies of mobile payments, and PictureIQ, have signed an agreement to enhance the real-time delivery of multimedia messages by ensuring interoperability between different mobile handsets or Internet-connected devices. Under the terms of the agreement, Logica will incorporate PictureIQ’s “TransForce MTS” into its own Picasso Multimedia Messaging Service Centre to deliver rich-media transcoding services that will facilitate the management of multimedia content including images, animation, video and audio messages. PictureIQ’s “TransForce MTS” solution is an enabling server software
platform capable of powering the real-time optimization and rendering of content and messaging services for varied aspects of Internet and mobile device delivery, including device displays, formats, screen resolutions, audio players and more.
Dallas-based Travelweb has chosen ClearCommerce for its credit card payment processing and fraud protection software. The ClearCommerce Suite is a high-performance, enterprise risk management and payment processing application that will support TravelWeb’s transaction volumes while maintaining the speed and necessary reliability.
Experian launched a sophisticated Web-enabled data analysis solution that helps collections organizations reduce expenses and improve operations by tracking the location of payments and statements in the postal system. The “ePIN+” system utilizes the latest United States Postal Service tracking technology to give users precise information about any mail piece. It provides the date customers receive billing statements and when their payments have entered the postal system. Information gathered through “ePIN+” can be seamlessly integrated with a user’s predictive dialing capability providing relevant information on the status of the mailed invoice or returned envelope for the debtor with whom they are speaking.
Sprint and eBay have teamed sell Sprint Prepaid PhoneCards. To kick-off the launch of the new store, Sprint has placed one million minutes of prepaid domestic long distance up for bid on eBay with proceeds to benefit a camp for seriously-ill children. Under terms of the program, eBay shoppers will be able to choose from two different denominations, with rates as low as 4.2 cents per domestic minute, if buying a 25 pack of 480 minute cards. The single 120 minute cards will sell $5.40 while single 480 minute cards will sell for $21.60.The proceeds from the million prepaid domestic minutes Sprint donated will benefit Victory Junction Gang Camp. The Yankee Group’s Technologically Advanced Family Study shows that nearly 45% of all U.S. households used prepaid calling cards to make long-distance calls in the past year, up from 41% in 2000.
Q Comm International has entered into an agreement with Access ATM of Houston, and Financial Services Authority of Dallas, to distribute Q Comm’s “Qxpress 200” POSA terminals. The two companies will utilize their current distribution and marketing network consisting of more than 100 distributors nationwide to promote Qxpress 200 to the more than 10,000 retailers that they currently serve.
CardinalCommerce has signed agreements with Transactional Technologies and Digital Courier Technologies to resell “Cardinal Centinel,” an easy-to-install software authentication platform that supports credit card industry initiatives to reduce the incidence of online fraudulent transactions. Cardinal Centinel makes it easy for merchants to participate in these programs and to integrate them into their electronic shopping sites.
Metavante Corporation announced this morning the signing of a definitive agreement to acquire the assets of Spectrum EBP. Spectrum is a privately held, Atlanta-based company that was founded in 1999 by J.P. Morgan Chase, Wachovia, created by the September 1, 2001 merger between Wachovia Corporation and First Union, and Wells Fargo. Metavante has existing bill payment contracts with the three founding member banks of Spectrum, as announced in August 2000. Including the three founders, 24 financial institutions currently belong to the Spectrum network or have signed letters of intent to participate in the network. This is the second electronic presentment and payment acquisition the company has made in July. In early July, Metavante announced its plans to acquire the assets of Paytrust. (CF Library 7/2/02)
UT-based Q Comm International has signed Puerto Rico International Communications to an agreement to purchase Q Comm’s “Qxpress” POS terminals and license the Q Data Center technology for an ongoing transaction fee. The company will also offer Q Comm’s solutions through Zybercom Corp., a wholesaler of prepaid long distance headquartered in San Diego, that is partially owned by Puerto Rico International Communications. Zybercom’s product line includes international origination prepaid phone cards for more than 140 countries. Zybercom sells services through more than 50 master distributors in the United States and Mexico.