Etisalat Afghanistan Implements mobile money service

Telepin Software mobile money transaction platforms announced that Etisalat Afghanistan has commercially launched “mHawala” Mobile Money Services platform. Telepin’s Cayman Transaction platform will be used by Etisalat Afghanistan for a full mobile financial services (MFS) offering that includes central bank cooperation, banking ecosystem participation, utility merchant involvement, and salary disbursement, which enables complete mobile banking capabilities and future cross-border money transfers. Etisalat Afghanistan is the first mobile network operator in Afghanistan to offer this entire range of Mobile Financial Services.

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Oberthur names New CEO

Oberthur Technologies’ Board of Directors named Xavier Drilhon CEO after having held the role of Deputy Managing Director of François-Charles Oberthur Group which he joined in 1994. He joined the card activity early in 1998 where he held various responsibilities in the industrial and commercial fields. He played a key role in the purchase of the De La Rue Group’s card division, in the merger with Oberthur Card Systems as Director of Corporate Operations and in its IPO in 2000. Since 2008 he has headed the Card Systems Division where he improved the economic results despite the 2009 global recessionary period, created a new product line in convergence solutions and took an active part in the purchase and integration of the company XponCard.

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Latest Card APRs Show Rising Trend

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Credit card APRs hovered around 16% back in 2008 before dropping to a rock bottom 12.64% back in 2010, encouraging a much-needed boost in borrowing. But throughout 2011, rates have consistently increased since the June average of 14.83% and now sit at record highs, currently at 14.99% for the month of…

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MasterCard and mFoundry Offer Enhanced mPayment

MasterCard and mFoundry partnered to allow more banks to give their customers the option to pay for items with their NFC mobile phones. MasterCard made a strategic investment in mFoundry, combining the MasterCard “Tap & Go PayPass” technology with mFoundry’s mobile financial services platform to make mobile contactless payments accessible to more consumers. Mobile phones provide the most promising tool for NFC payments, as consumers increasingly use their smartphones for a host of functions, including managing their finances.

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CenPOS App Offers Mobile Card Terminal Solution

CenPOS payment processing technology provider launched its “CenPOS Mobile” app for Apple devices to offer customers a mobile payment solution. The “CenPOS Mobile” solution transforms the mobile device into a secure credit card terminal, allowing the user to accept card swiped, hand-keyed and/or tokenized transactions and connect to all of the CenPOS payment acceptance platforms. It serves as an entry point to the CenPOS network, allowing the mobile user to view detailed reporting for transactions that occur throughout the business enterprise, not only on their CenPOS Mobile device.

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NFC Data Set to Intro NFC Payment

NFC Data NFC is touting its “padloc” NFC “e-wallet” and POS. The pre-release “padloc” mobile wallets will come with coupons pre-loaded in its “tap2sav” app. The pre-sale offering is at www.nfcsocial.com and accepts pledges through January 8th 2012. This is an opportunity for technologists, early adopters, consumers, and merchants to inexpensively get an NFC key fob that turns ANY smartphone, tablet, or PC into an NFC e-wallet and an NFC payment acceptance device.

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McAfee Launches Improved PCI Certification for Merchants

McAfee announced the availability of an improved McAfee(R) PCI Certification Service to help merchants successfully and confidently complete PCI DSS certification. To meet PCI compliance requirements, merchants are invited to try the McAfee PCI Certification Service free for 90 days. The McAfee PCI Certification Service includes scanning, remediation assistance, technical support, self-assessment, and validation of merchant compliance status. The service is easy to use and specially designed for Level 2, 3 and 4 merchants to audit their initial and ongoing PCI compliance status.

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National Bankcard Ranks #1 In December Person Processing

topcreditcardprocessoprs.com authority on credit card processors released their list of the best retail credit card processing companies for the month of December 2011. National Bankcard has been named the best processing company for in person processing requests as the result of a meticulous evaluation process covering hundreds of credit card and sale processing companies. topcreditcardprocessors.com evaluates credit card processing companies using an evaluation process which identifies the best in person processors and compares them across the most critical aspects of in person processing which determine success for their customers. The list of the best which topcreditcardprocessors.com creates is released on a monthly basis for consumers of credit card processing services.

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Recurly Intros Subscription Billing Payment Gateway

Recurly pay-as-you-go subscription billing service provider released a payment gateway designed to handle recurring billing. The Recurly payment gateway enables companies who provide services on a subscription basis, to benefit from subscriber renewal management capabilities as well as credit card error optimization achieved only by extremely expensive, custom-built systems in the past. Recurly’s payment gateway helps businesses optimize their customer retention rates, minimize customer churn, and extend the lifetime value of their subscribers under management thanks to integration with the TSYS “Total Systems Service” credit card processing service.

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PreCash Intros Secure Payment Services

PreCash payments and transaction processing company announced the launch of PreCash Secure Payment Services. PreCash offers Money Service Businesses (MSBs) agent agreements that ensure compliance with applicable state and federal regulations and include risk management and settlement features. PreCash agents are able to sell, load or unload prepaid debit stored value products and can transmit money for the purpose of prepaid wireless refills and bill payment.

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