Bell ID joins US Smart Card Alliance

Bell ID smart token management solutions has joined the Smart Card Alliance non-profit organization for the adoption of smart card technology in North America. This follows the release of its white paper ‘Six Myths Preventing EMV Migration in the U.S.’ late last year, which highlights the inevitability of the U.S. transiting to EMV-based payments technology, which concluded migration to EMV may come sooner than expected. This development allows Bell ID to increase its visibility and further develop relationships with industry players through active involvement within meetings, events and outreach activities and will be allowed to exhibit at upcoming SCA conferences.

Details

First National Bank of Omaha and Grand Ole Opry Launch Visa Card

First National Bank of Omaha and Grand Ole Opry launched the Grand Ole Opry Visa Card Program with experiential rewards for country music fans. Such rewards include Opry tickets, hotel stays, VIP backstage passes and even the ability to sit onstage during a live performance. Opry cardholders will earn two points for every dollar spent on qualifying transactions at all Gaylord Entertainment properties including the Grand Ole Opry, the four Gaylord Hotels, Ryman Auditorium, General Jackson Showboat and Wildhorse Saloon and one point per dollar spent outside of Gaylord Entertainment properties.

Details

Higher One and Green Dot Allow Cash Transfers to the OneAccount

Green Dot prepaid financial services is now a Higher One payment services company cash transfer partner, allowing Higher One “OneAccount” customers conduct cash transfers into their accounts with the Green Dot “MoneyPak.” The Higher One OneAccount offered through Higher One’s bank partner, The Bancorp Bank, Member FDIC, enables students to receive their residual financial aid faster, manage their money online in relevant and responsible ways, and use a Debit MasterCard to make purchases anywhere MasterCard is accepted. The Green Dot MoneyPak allows Green Dot cardholders and Green Dot partner customers to instantly transfer cash to other accounts, including the Higher One OneAccount. Green Dot MoneyPak is available at approximately 55,000 retail locations nationwide.

Details

Visa Releases mobile security best practices

Visa released a set of mobile acceptance best practices for merchants, software developers and device manufacturers who are using consumer mobile devices, such as smartphones and tablet computing platforms to facilitate the acceptance of card payments. Visa best practices call for encryption and tokenization of cardholder data and are designed to foster a better understanding of the merchant and service provider responsibilities related to securing cardholder data when a mobile phone is used as an acceptance device instead of a traditional terminal. These best practices are intended for mobile acceptance application and software solution providers as well as merchants who use these solutions. The guidance advises encryption of all account data including at the card-reader level and in transmission between the acceptance device and the processor and to enable truncation or tokenization of card numbers, allowing the merchant to identify the cardholder without storing the full account data.

Details

Elan Financial Introduces Online Credit Card Management

Elan Financial Services credit card issuer has introduced its “ScoreBoard” online reporting, offering trending and reporting data to allow customers to monitor their own credit card spending. The new service also allows them to compare card sales data to industry trends. The application is available to Elan small business credit cardholders and merchant customers who process credit, debit and electronic check transactions through Elavon Merchant Services. It features easy-to-read charts and graphs that provide a monthly snapshot of the cardholder’s credit card purchases and payments, providing insight into their merchant accounts, tracking sales transactions when customers use a card for payment of goods and services. Elan Financial Services provides a complete range of processing and payments services, including credit cardissuing, prepaid card solutions and ATM and debit card processing for more than 2,000 clients in 50 states.

Details

SunTrust and MasterCard Launch Reloadable Prepaid Campus Card Program

SunTrust Banks and MasterCard Worldwide have launched the SunTrust Campus Card, providing a student identification (ID) card and a MasterCard reloadable prepaid card. This allows universities and colleges to offer their students access to a reloadable prepaid account to pay for everyday expenses on and, in some instances, off campus, while benefiting from the flexibility and security of a reloadable prepaid card. Off campus, students will be able to use the SunTrust Campus Card to make purchases at millions of locations where MasterCard cards are accepted or withdraw funds without a fee from more than 2,900 SunTrust ATMs. SunTrust and MasterCard will subsequently launch a website for college students and faculty members targeted to teaching financial literacy and featuring budgeting tools and educational materials later this year.

Details

Bremer Bank Selects Memento Enterprise Platform

Bremer Bank has selected the Memento fraud management solutions for financial institutions and its “Enterprise Platform” for combating financial crime across multiple payment types and delivery channels. Memento and Bremer collaborated on a successful proof of concept using historical bank data. The evaluation demonstrated Memento’s ability to accurately detect fraud across multiple channels and the efficiency gains possible through innovative applications for loss prevention and risk management staff. Bremer Bank will use the enterprise platform and deploy Memento’s Check Fraud, Deposit Fraud, ACH & Wire Fraud, Employee Fraud and AML solution modules as well as build custom solutions to meet current and future financial crime challenges.

Details

AmEx & Chase Targeted Junk Mail Volume Scrutinized

ForestEthics and supporters sent a direct message to Chase and American Express at today’s annual ‘Card Forum and Expo’ at the Fontainebleau Miami Beach hotel: your junk mail hurts forests. An airplane flew the banner message “CREDIT CARD JUNK MAIL BY AMEX & CHASE HURTS FORESTS” back and forth repeatedly in plain view of the conference during its opening day. This is due in part to credit card companies having mailed 1.4 billion solicitations in 4Q/10, equating to about four credit card offers for every man, woman and child in the U.S. throughout the three month period, for which Chase, American Express and Citigroup were responsible for more than half.

Details

Evans Resource Group joins PCI Security Standards Council

Evans Resource Group software solution and consulting company that specializes in testing and assessment of “message oriented middleware” (MOM) applications has joined the PCI Security Standards Council as a new participating organization. As a Participating Organization, Evans Resource Group will work with the Council to evolve the PCI Data Security Standard (DSS) and other payment card data protection standards. As a Participating Organization, Evans Resource Group will now have access to the latest payment card security standards from the Council, be able to provide feedback on the standards and become part of a growing community that now includes more than 600 organizations.

Details

Carrier Billing Available for Protext Mobility AmberWatch

Protext Mobility innovative messaging applications and solutions for the mobile communications market introduced a new payment option via carrier billing for the purchase of the Company’s AmberWatch SafeText parental management solution. AmberWatch SafeText customers can now choose to subscribe to the service by entering their mobile phone number and charging the payment directly to their mobile phone bill.

Details

Green Dot Announces Investor Conference Presentations

Green Dot Corporation announced Steve Streit, chairman and chief executive officer, and John Keatley, chief financial officer, will be presenting at the Morgan Stanley IT Services Summit at the New York Palace Hotel in New York, NY. Also the Company will present at the J.P. Morgan 39th Annual Technology, Media and Telecom Conference at the Westin Copley Place in Boston, MA. Green Dot is a prepaid financial services company providing simple, low-cost and convenient money management solutions to a broad base of U.S. consumers. Green Dot also owns and operates the Green Dot Network, a leading prepaid card reloading network in the United States.

Details

Pacific Amber And YESpay Brings Merchants Live

A growing number of merchants in Canada and USA are now Live and EMV Chip & PIN enabled thanks to the trio: Pacific Amber Technologies, YESpay International and Chase Paymentech! Since 2010, merchants using AmberPOS are able to process EMV Chip & PIN transactions via YESpay’s fully EMV and PCI-DSS certified payment solution, EMBOSS. Adoption is now exploding because of this successful partnership and the increasing need to adopt Chip and PIN in Canada as a result of the EMV liability shift. With live merchants all across North America, Pacific Amber Technologies constitutes a reliable and valuable partner to both YESpay and Chase Paymentech resulting in the successful national rollout of merchants of all sizes. All three parties are working closely together to be at the front of emerging cutting-edge technologies and to offer the fastest time to market and low-cost EMV payment solution possible to merchants.

Details