eBay Integrates Facebook to Its Global Commerce Platform

At its Innovate Developer Conference 2011, eBay announced the integration of Facebook’s new Open Graph functionality into its Magento and GSI global commerce platforms. This will allow developers to build new social shopping experiences for millions of consumers and retailers of all sizes, from small business entrepreneurs to national and global brands. Facebook functionality will be integrated into eBay Inc.’s X.commerce open commerce ecosystem. This gives third party developers access to eBay’s global commerce technology, including the Magento open commerce platform. More than 100,000 retailers worldwide who use Magento will soon have a seamless way to enable their customers to use new sharing options including ‘want’ and ‘own’ buttons as part of a new social shopping experience.

Details

Fiserv Releases Research on Retailer Practices

Fiserv financial services technology solutions published a white paper identifying five best practices financial institutions can borrow from online retailers in order to boost customer engagement and create cross-sell opportunities. The paper, titled “Online Banking Meets Online Buying”, shares findings from a series of consumer focus groups and a June 2011 Fiserv Consumer Insights survey of 3,000 U.S. consumers and outlines how the consumer mindset differs when banking online and buying online, stating that consumers hold their financial institutions to a “higher standard.” However, there are still opportunities to market products and services through the online channel. Adopting the following tricks of the trade from online retailers can increase cross-sell success.

Details

VantageScore Solutions Announces Stress Test Results

VantageScore Solutions concluded testing its “VantageScore 2.0.” remained predictive when tested during a period of extreme economic volatility. With this, it confirmed its risk management capabilities in regions where the duel stress of high home price depreciation and high unemployment have significantly influenced default rates. The VantageScore model was built and is validated using a massive pool of anonymous consumer credit files from a blended timeframe that includes a period of unprecedented credit availability prior to the recession, and the extreme volatility that ensued.

Details

New Net Technologies (NNT) Launches Next Generation PCI Compliance

NNT PCI DSS and general security and compliance solutions launched Version 5 of its NNT Change Tracker and NNT Log Tracker Enterprise software suite. The software is specifically designed to improve payment security and protect against network threats and data breaches in-line with the PCI Data Security Standard (PCI DSS), which requires organizations that store, process or transmit customer payment card data to adhere to information security controls and processes that ensure data protection. NNT Change Tracker manages the file integrity monitoring (FIM), system hardening and configuration change monitoring aspects of the PCI DSS, enabling organizations to audit IT systems for vulnerabilities and then set a baseline to monitor changes to configurations, file systems, registries and settings, with an easy to use and secure dashboard that ensures systems are, and remain, compliant.

Details

Tyfone Launches m-Wallet Combined with Digital Commerce

Tyfone announced the availability of “iCashé” mobile wallet and eCommerce engine. Offering purchasing power through any mobile banking application and built entirely on top of Tyfone’s award-winning u4ia mobile financial services platform, “iCashé” blends comprehensive mobile banking features with convenient consumer purchasing, gifting and loyalty programs. It also provides contactless NFC payments and the highest level of secure identity management. Moreover, Any financial institution can offer customers using electronic and mobile banking convenient commerce services while all financial institutions using “iCashé” will immediately enjoy a new revenue stream.

Details

German Banking Industry Committee Forges JCB Card Agreement

The German Banking Industry Committee (GBIC) and JCB International (JCBI) partnered to issue JCB and girocard co-badged cards in Germany. The GBIC is operating the leading German debit card system “girocard” and unifies the five associations of the German banking industry. It is also a member of Euro Alliance of Payment Schemes. JCBI is the subsidiary company of JCB in charge of international business, and the only global payment brand based in Japan. GBIC being one of the leaders in the debit card industry in the European market with more than 90 million girocards issued in Germany, JCB expects to increase brand presence significantly in the region.

Details

Tinkoff Credit Systems Issues TSYS Credit Cards

TSYS partnered Tinkoff. Credit Systems (TCS) to celebrate the issuance of one million credit cards on TSYS’ PRIME card management solution. One million credit cards marks a significant milestone for Moscow-based Tinkoff. Credit Systems and has now issued 1.7 million cards. The company has been committed to providing the best customer experience while creating competitive and quality products since its inception. TCS’ portfolio currently consists of MasterCard branded credit cards, including co-branded and affinity products.

Details

Western Union Expands Online FX

Western Union global payment services has expanded its Online FX and Online FX for Mobile services to business clients wishing to make bank-to-bank payments from France, Germany, Ireland and Italy. Online FX service is also available in the United Kingdom, and further expansion into additional European countries is scheduled for early 2012. The 2011 global cross-border payments market for small and medium enterprises is estimated to be $24 billion in potential revenues.

Details

Cinterion Launches Ultra Thin M2M App

Cinterion Machine-to-Machine (M2M) industry leader for more than 15 years and a Gemalto company, launched its super-thin HSPA+ M2M module. The ruggedized, high-bandwidth module features flexible Surface Mounting Technology and enables secure, high-speed voice and data communications on global 2G and 3G cellular networks. It also provides a reliable bridge to forthcoming 4G LTE networks. At 2 mm in height, PHS8 is ideal for the most space-constrained M2M solutions such as increasingly compact industrial PDAs, global tracking and tracing devices, discreet security systems, mHealth solutions and more.

Details

Consumers Keep Paying Down Those Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] For the 609.8 million credit cards held by U.S. consumers, they keep paying down their credit card debt. Down to a nationwide total outstanding revolving credit of $790.1 billion in August, this figure dropped 3.4% from the year ago period. These figures are down from the July figure of $792.3 billion…

Details