In today’s special mentions: SHIFT4 (EMV); FREEDOMPAY (Microsoft); CARDFELLOW (Square); and SMARTCARD (Bluebird). SHIFT4 – Shift4 has completed certification for U.S. EMV with First Data’s Rapid Connect solution. Merchants can now process chip-embedded credit and debit card payments through Rapid Connect while receiving the security and flexibility benefits of Shift4’s DOLLARS ON THE NET® payment…
A portfolio of 15 U.S. granted patents and 9 applications, disclosing a comprehensive set of systems for improving and securing the existing payment card system is going up for sale. It contains the work of inventor Moon J. Kim, a former IBM Master Inventor and named inventor on over 120 patents.
Ingenico has unveiled the first and only PCI PTS 4.0 and SRED-certified mobile card reader equipped to accept both EMV and magstripe card payments, as well as NFC/contactless payments. The new Ingenico RP450c can be attached to a mobile device via audio jack, or used as a separate Bluetooth companion or in docking station mode.
Verifone Mobile Money (VMM) and South Africa’s MTN Group have inked an agreement to deliver retail payment devices to merchants across 16 of MTN’s operating countries. The solution will enable customers to pay for goods and services using their mobile phone and MTN Mobile Money wallet, while merchants will be provided with payment terminal solutions from Verifone.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Neil Garner, Chief Executive Officer and Founder of Proxama.
Thanks to Cubic Transportation Systems Sydney’s Opal contactless smartcard ticketing system across all transport modes and connecting multiple operators is up and running much sooner than expected.
The latest guesstimate for the U.S. migration to Chip & PIN (EMV) is $9.5 billion and it will take until 2018 to reach a penetration of 80%. This reflects the cost of replacing over one billion insecure magnetic-stripe payment cards, 1.2 million point of sale (POS) card readers and 7 million card reading terminals with the global EMV standard Chip & PIN technology.
London-based Powa Technologies has inked a deal with Ingram Micro to distribute the PowaPOS T-series POS solution in the North American marketplace. In September, Ingram Micro announced its intentions to expand its POS offerings.
Randstad Technologies’ Technology Deployment Services says it is ready for large-scale POS deployment projects. The technology talent and solutions firm has installed over 160,000 devices in more than 30,000 locations in its history.
The global smart card market will see steady growth due to the increasing emphasis on the Europay, MasterCard and Visa (EMV) standard in the payment and banking vertical. New analysis from Frost & Sullivan, 2014 Global Smart Card Forecaster, finds that the market earned revenues of €5.37 billion in 2013 and estimates this to reach €7.16 billion in 2019. The SIM card segment will account for 42.6 percent of the total revenue while the banking and payment vertical will make up 33.5 percent. The smart card government ID and transportation sectors will constitute the rest. This rapid shift to EMV contactless solutions and the associated large volume of shipments will cause pricing pressures in the smart card market, mainly in Asia-Pacific. A similar case is also expected in the US, where the uptake of EMV and contactless solutions has been considerably delayed. With many companies in the US having already invested in EMV in anticipation of a possible migration, it is uncertain whether these firms will have a positive return on investment.
Montreal-based SmartCard Marketing Systems has signed a letter of understanding to deploy Vieway’s Dynamic Currency Conversion DCC) payment switching services for banks & telco acquirers with ATM, POS & e-commerce gateway solutions.
EFT Source card programs and personalization services for ATM and debit cards for financial institutions has signed a definitive agreement to be acquired by long-time partner, CPI Card Group, a global leader in financial and EMV card production and related services.Through the acquisition, EFT Source adds advanced personalization capabilities to further enhance CPI’s existing personalization expertise and strengthen CPI’s reach into small- to medium-sized financial institutions across the U.S. In addition, CPI’s customer base will have direct access to EFT’s patented instant issuance solution, [email protected]®, enabling them to deliver fully functioning, traditional or EMV-capable payments cards to customers within seconds.