Swisscard Deploys Entersekt’s Transakt Mobile App

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.

TRANSAKT TERMINAL

Calgary-based Wildcard Wireless Solutions has reached agreements
with CardReady International for the sales, support and marketing of its
flagship “TransAKT CDMA” wireless POS terminal in the USA.
CardReady, a U.S. merchant service provider that is sponsored by Key Bank,
will accept and process credit card transactions generated by end users of
“TransAKT” terminals and will also provide front line customer support. In
order to facilitate manufacturing of an initial inventory of “TransAKT”
wireless terminals required for CardReady’s U.S. sales, CardReady has
arranged a US$350,000 financing for Wildcard by way of an inventory secured
loan. In exchange for providing sales, support, and marketing in the USA
for the terminals, CardReady and Wildcard have signed a MOU wherein
CardReady has been granted the exclusive distribution rights within the USA
for the “TransAKT CDMA” wireless terminal and has been designated the
“Merchant Service Provider of Choice.”

TransAKT Terminal

Calgary-based Wildcard Wireless Solutions has reached agreements with CardReady International for the sales, support and marketing of its flagship “TransAKT CDMA” wireless POS terminal in the USA. CardReady, a U.S. merchant service provider that is sponsored by Key Bank, will accept and process credit card transactions generated by end users of “TransAKT” terminals and will also provide front line customer support, according to The RAM Report (www.ramreport.com). In order to facilitate manufacturing of an initial inventory of “TransAKT” wireless terminals required for CardReady’s U.S. sales, CardReady has arranged a US$350,000 financing for Wildcard by way of an inventory secured loan. In exchange for providing sales, support, and marketing in the USA for the terminals, CardReady and Wildcard have signed a MOU wherein CardReady has been granted the exclusive distribution rights within the USA for the “TransAKT CDMA” wireless terminal and has been designated the “Merchant Service Provider of Choice.”

TRANSAKT CERTIFICATION

Calgary-based Wildcard Wireless Solutions has received Vital Processing
Services’ “Class B” platform certification for both its restaurant and
retail software applications in the USA.. The software applications, which
run seamlessly on Wildcard’s “TransAKT” wireless POS terminals, will allow
the Company to immediately begin marketing its flagship product in the
American marketplace. Wildcard is currently in negotiations with several of
these U.S. merchant acquirers who are interested in marketing and
distributing the company’s “TransAKT” POS terminals.