CorFire and Inside Secure Launch NFC

CorFire, the industry-leading mobile commerce business of SK C&C USA, and Inside Secure, a leader in semiconductor solutions for secure transactions and digital identity, announced an agreement that promises to accelerate the rollout of NFC applications by ensuring that INSIDE Secure’s portfolio of MicroRead and SecuRead NFC solutions, as well as its Open NFC protocol stack, are interoperable with “CorTSM,” CorFire’s trusted service manager (TSM) solution. INSIDE Secure’s award-winning MicroRead NFC controller offers the broadest range of NFC options and provides the capacity to implement any secure element, including SIM or SD card, to support any business model. The INSIDE Secure SecuRead solution integrates the MicroRead NFC controller with a high-performance secure element and a GlobalPlatform-compliant Java Card(TM) operating system.

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SoundBite Communications Earns Level 1 PCI Re-Certification

SoundBite Communications achieved its annual re-certification as a Level 1 Service Provider compliant with the PCI-DSS. SoundBite’s Level 1 PCI re-certification underscores the company’s commitment to information security and solidifies its reputation as an industry leader. This is the fourth consecutive year that SoundBite has achieved Level 1 certification for all sites. Earlier this year SoundBite had expanded its certification to include its London-area datacenter and UK-based operations.

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MasterCard and Western Union Partner on e-Payments

MasterCard and The Western Union Company forged their global agreement whereby electronic payments for prepaid cards and money transfers are more efficient and convenient, serving the 2.5 billion underserved adults worldwide. This makes MasterCard the preferred brand for Western Union-sponsored prepaid programs around the world and Western Union the preferred money transfer service for MasterCard.…

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CoreFirst deploys FIS card processing

FIS banking and payments technology announced CoreFirst Bank & Trust has deployed its debit card processing and card personalization services. Deploying FIS’ card processing services lets CoreFirst Bank & Trust manage its debit card processes in real-time, allowing the bank to process files as they are received. By eliminating the need to manually track and log incoming files, CoreFirst Bank & Trust can create operational efficiencies, providing more time to focus on customer service. FIS’ card processing services are built on open architecture to ensure long-term scalability, availability and performance, supporting more than 3,500 card issuers and acquirers.

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Wincor Nixdorf Forges GCA ATM deal

Wincor Nixdorf banking and retail IT solutions finalized an agreement with Global Cash Access to provide additional cash dispensing ATMs in U.S. casinos. With this, Wincor Nixdorf will provide GCA 45 ProCash 1500xe cash dispensing ATMs, increasing GCAs installed base of Wincor Nixdorf ATMs to approximately 900. GCA also utilizes Wincor Nixdorf’s ProCash ATM application software, ProView multivendor ATM monitoring software and PC/E Terminal Security.

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OTI Inks $7mm Core Technology License Agreement

On Track Innovations implemented its non-exclusive license for core technologies within its proprietary portfolio of IP and patents amounting $7 million USD with a multibillion dollar corporation. OTI’s technology, patent and IP portfolio includes, among others , product applications, software platforms, system and product architecture and product concepts in the fields of contactless payments and NFC; ID; Petroleum; and Parking solutions.

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Visa secures e-wallet domain

The .ME Registry and Visa have secured www.v.me as the online destination for “V.me” by Visa, Visa’s digital wallet and global acceptance mark. This will offer a simple and secure way to pay online as well as in person, with PC, tablet, and mobile devices using Visa and non-Visa accounts. www.v.me is the destination for consumers, merchants and developers who wish to participate in Visa’s digital wallet.

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Acculynk Intros Internet PIN Acceptance Consortium

Acculynk has introduced its International Internet PIN Acceptance Consortium, allowing secure internet payments across international borders by establishing Acculynk’s PaySecure as the standard for processing internet PIN-debit transactions internationally. The Consortium’s mission is to enable internet PIN debit as a secure payment method for e-commerce merchants, financial institutions and online consumers across international borders. The purpose of the Consortium is to collaborate with networks and financial institutions in target markets to prioritize the integration of PaySecure, as well as to develop solutions necessary to ensure full compatibility across the array of processes adopted by individual markets.

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MasterCard Introduces New Shopping Experience to Cardholders

MasterCard is now allowing cardholders who are traveling or shopping to pause and enjoy the moment through an array of experiences by simply presenting their MasterCard card as part of its “Priceless New York” campaign. The new MasterCard section at JFK Airport terminal 8 offers domestic and international travelers a relaxing environment while they wait for their flight. Cardholders can enjoy many convenient benefits all in one place such as free WiFi, access to iPads, charging stations, and a luggage corner for carry-on items. Interactive touch screens can be found for cardholders to search for information on specific cities; check weather and flight information or find restaurant information. A component of the section highlights family fun and entertainment for all to enjoy. This exclusive section will be available to MasterCard cardholders all year around. The brand new MasterCard Holiday Star Lounge officially opened on “Black Friday,” Nov. 25 on the 2nd floor of Time Warner Center.

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Eastern Bank Deploys Elan Credit Card Program

Eastern Bank has partnered Elan Financial Services (Elan) card issuer to offer a full suite of Eastern Bank Visa credit cards to customers in its more than 90 branches. The Visa credit cards offer reward options, such as a full one percent cash back, merchandise, gift certificates, as well as great travel selections, for both consumers and businesses. Elan Financial Services is dedicated to serving financial institutions with best in class credit card products and rewards that meet the unique needs of every customer. Elan’s end-to-end solution also includes card servicing and marketing as well as branch support and sales incentives.

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Fiserv Adjusts to Fed Bankruptcy Procedure Changes

In conjunction with the changes to the Federal Rules of Bankruptcy Procedure (FRBP), Fiserv announced that its LoanServ solution offers the capabilities designed to help ensure mortgage servicers are able to stay compliant amidst evolving regulations. The rules change the procedures and policies for servicing loans in bankruptcy and aim to enhance transparency in the process. The FRBP changes govern the filing of proofs of claim and notice issues related to payment changes, post-petition fees and other accuracy checks to actions and data of the servicer.

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