Acculynk “PaySecure” user-authentication for e-commerce partnered UnionPay International to provide e-commerce authentication (UPOP) service to US based merchants. UnionPay International is a subsidiary focusing on international business of UnionPay, a global bankcard network with over 3.5 billion UnionPay cards issued worldwide. A single PaySecure implementation on the merchant’s e-commerce site also provides the capability to generate sales lift from new PIN-debit customers in North America, Asia-Pacific, Latin America and the Caribbean. Acculynk provides a flexible, customizable online- and mobile- authentication technology that meets local needs and regulatory requirements in international markets. Country-specific authentication changes can be incorporated without disrupting the merchant or acquirer. The “PaySecure” solution two-factor authentication provides online merchants with a secure, low-cost, guaranteed funds payment in which the merchant also benefits from a 100% shift of fraud chargeback liability.
RewardsNOW marketing solutions company for loyalty programs, is hosting a complimentary webinar offering crucial insight into the importance of loyalty and reward programs given the Durbin amendment and the Federal Reserve Board’s recently released final regulations for debit interchange. Scheduled for October 6, from 1-2 pm EST, the presentation will address how loyalty programs for major financial institutions (FIs), credit unions and community banks will be impacted by the new regulations. They will also present the business case for using loyalty programs for banks large and small. Presenters will look at ways that FIs might use these reward programs to offset losses from interchange caps.
Payment Pathways privacy management solutions has been awarded Patent Number 7,831,490 by the U.S. Patent & Trademark Office for an Internet-based registry of openly accessible electronic payment addresses. Known as the e-payments “Greenlist” registry, the invention provides the user with a way to locate a virtual listing for payment addresses just as the “white pages” found phone numbers and physical addresses. Unlike current payment mechanisms, “Greenlist” allows people and businesses to pay directly from their bank accounts without having to stage money somewhere else first. Its Ultimately a pointer securely keyed to the actual financial institution accounts and routing information to solely expose the payment addresses of deposit-only bank accounts.
CyberSource has signed a deal to offer the “TeleCheck Internet Check Acceptance” service from First Data as a preferred Internet check solution for its merchants. The TeleCheck Internet Check Acceptance service from First Data is now a preferred Internet check solution for CyberSource merchants. This service provides Internet merchants access to the underserved market of customers who prefer to pay by check, and is designed to be flexible and easy to implement. Merchants can accept customer checks, using the ICA service’s proprietary fraud prevention tools and databases, which reduce merchant risk through real-time authentication, account number screens and identity-based check writer files.