Freescale and INSIDE Secure Refine Prepaid Meter

Freescale Semiconductor and INSIDE Secure announced a secure prepaid utility meter reference design with NFC connectivity that OEMs can use to quickly and cost-effectively bring to market electricity meter products. The reference design, based on the Freescale Kinetis MK30 microcontroller (MCU), provides the first NFC-based, prepaid meter with the ability to securely reload energy credit balances. Utilities in many countries require a sophisticated payment infrastructure to facilitate the utility payment process while preventing fraud. Secure prepaid meters, such as this reference design developed by Freescale and INSIDE Secure, address this need by adding sophisticated smart card security mechanisms that have been proven in the banking industry.

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EckohPAY Awards 3-Years Contract to VFS Global

Eckoh the UK’s leading provider of customer service solutions using speech recognition, is pleased to announce the award of a three year contract with VFS Global (“VFS”) in collaboration with its partner BT. VFS provide a range of administration services on behalf of Embassies in relation to Visa applications, including checking applications and collecting Visa fees, through to submitting applications directly to the Embassy. To support VFS, Eckoh has provided a PCI DSS compliant payment solution to collect payments from callers as part of the Embassy Visa appointment booking process.

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3V Transaction Services Extends mPlatform

3V Transaction Services extended its mobile financial services platform to its franchise partner, 3V Netherlands. This marks a further international expansion for 3V’s mobile money technology services and a further step in the execution of the company’s strategy of providing business technology solutions to operators in the mobile consumer payments sector. The 3V “Visa Prepay” service in the Netherlands now provides customers with a secure VISA debit card linked to their mobile phone which can be topped up with cash or via bank accounts. The service is designed to offer Dutch consumers a convenient and globally accepted payment service linked to their mobile phone to allow universal spend and money management.

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Card Penalty Fees Soft Again in 2011

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Penalty fees paid by consumers last year took another dip. After rising predictably year/year for most of the last decade, 2010 saw the first penalty fee decline, down to $22.5 Billion, with 2011 showing a drop to $19.4 Billion, according to the R.K. Hammer Card Penalty Fee Index. This is the…

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B2B Soft Offers Dealers Wireless Standard Directly

With the new year getting into full swing, wireless dealers are taking stock and looking at market potential and profit making strategies for 2012. B2B Soft, a business-to-business software company specializing in retail management for the wireless/cellular retail industry, is pleased to announce that it will be attending a series of Cricket Profitability Summits. Wireless Standard provides wireless dealers with a comprehensive business solution from which they can manage every aspect of their business simply and effectively.

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North Shore Bank Expands First Data Contract

First Data electronic commerce and payment processing announced North Shore Bank expanded its partnership. With this, the bank will implements First Data debit processing solution, renewing its long-time membership with the STAR Network. North Shore Bank has also signed an ATM driving agreement that takes advantage of First Data’s customer relationship management offerings, such as transaction personalization and performance management.

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BestInternetMerchantAccount.com Commends Merchant Warehouse

Best Internet Merchant Account has selected Merchant Warehouse as the Provider of the Year for 2012 and highly recommends this service to any business in need of the best payment processing options. Merchant Warehouse provides what businesses need to accept credit cards online, through a mobile device or in person with a credit card terminal or wireless credit card terminal, including all the hardware and software from the leading brands in the industry to meet the payment processing needs of any type of business. At Merchant Warehouse they are dedicated to providing the payment processing solution that will best fit the business model of each individual business. The team at Merchant Warehouse is very knowledgeable and always professional.

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Global Payout to Deploy SolidTrust Debit Cards

Global Payout has signed a Prepaid Card Agreement with SolidTrust Pay to offer complete management consultant services in launching their prepaid debit card program. The Prepaid Card Agreement requires Global Payout to assign the Tyburn Group as Program Manager for their new debit card program. In addition, Global Payout will manage the due diligence, card design and card program approval in conjunction with Tyburn Group, Inc. and their U.S. issuing bank. This Agreement will result in monthly transaction revenue from active prepaid debit cards marketed and distributed by SolidTrust Pay commencing in the second quarter of 2012. SolidTrust Pay anticipates 10,000 active cards within the first 12 months, 18,000 active cards within 24 months and 25,000 active cards with 36 months.

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SITA Achieves PCI-DSS on Aiport Passenger Processing

SITA IT solutions achieved PCI DSS certification as a service provider of its common-use platform “AirportConnect Open.” SITA’s “AirportConnect Open” is used by more than 300 airlines to process millions of passengers every day in more than 400 airports around the world. It supports workstations and CUSS kiosk applications that is compliant with the latest security standard PCI DSS Version 2.0.

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GLORY (U.S.A.) Improves Cash Recycler

GLORY (U.S.A.) cash management solutions announced the launch of an efficient high performance new cash recycler incorporating its intelligent cash management technology. The RBG-100 iCR is designed to be installed in teller lines to process customer transactions, night deposits and teller vault buys and sells. GLORY creates the true next generation of cash recyclers that incorporate intelligent systems for the daily management of cash inventory in banks and financial institutions. Benefits include an increase in capacity; internal automatic verification to ensure balanced cash inventory; and an approved UL-291 safe allowing for overnight storage of cash inventory.

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SmartMetric introduces biometric-enhanced EMV card

SmartMetric has created an EMV card enhanced with biometrics. Its “Chip & Biometric EMV” Card incorporates fingerprints to activate the card to increase the security of standard EMV chip and PIN cards, which SmartMetric claims are still vulnerable to fraud attacks, even though they are safer than a magnetic stripe card. SmartMetric has timed its introduction of this product to the arrival of EMV cards in the United States.

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