Bango mPayment Expands, Serves over 200mm BANGO

Bango has further expanded its mobile payment platform by adding carrier billing in Canada for a North American total of over 200 million customers. Bango additionally provides mobile credit card and PayPal for payments that cannot be charged to the carrier bill. Bango m-payment specializes in the migration of e-commerce services from desktop PCs to the mobile phone and tablets. Developers and publishers using the Bango platform to reach their mobile customers benefit from one-click payment to the carrier phone bill. The Bango platform reaches over 600 million paying mobile users worldwide, in 120 countries, through smartphone apps.

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ValidSoft’s Fraud Solutions Recognized

Elephant Talk Communications’ ValidSoft subsidiary (www.validsoft.com) was highlighted recently in WallStreetCorner.com financial news report. It noted Elephant Talk and ValidSoft’s strategic solution for mobile payment applications can work in the cloud, especially in connection with Near Field Communication (NFC). There is a growing market for stronger card security due to new forms of privacy attacks, including “spear phishing” aimed at consumers’ email accounts, he added. Also ValidSoft can help eliminate credit card and bank card fraud. Its “VALid-POS” and “VALid” multi-factor authentication platform allow the card issuer to integrate and market the solutions as services to its member banks as part of its processing platform. Those member banks handle about 28 billion transactions a year, and they experience costs of about $2 billion a year due to fraud, ValidSoft has noted.

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SERVERSIDE UPGRADES IMAGE CHECKING SERVICE

Serverside Group has upgraded its existing Image Checking service to allow images selected for card creation to be screened prior to printing and made available the “ImageValidator” optional upgrade. The “ImageValidator” is an image checking tool that enables issuers to achieve greater certainty about the origin or appropriateness of an image in much less time. The “ImageValidator” instantly indicates whether an image, or similar image, has been checked before; informs the image checker of all previous decisions made for an image if it has been checked before, avoiding duplication and ensuring consistency; and searches the internet for other instances of the uploaded card image and provides links to any found images. The new tool is powered by TinEye.

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Hypercom Offers EMV Card Metro Payment

Hypercom has completed the full EMV certification of all of its “Artema Modular” self-service payment systems and “Artema Compact” countertop terminals across 49 Dubai Metro stations. Speeding ticketing for 4 million passengers per month, the EMV certification means that travelers on Dubai’s urban railway network will benefit from secure and convenient payment using their chip and PIN cards. Thales’ Dubai Metro fare collection selected Hypercom’s self-service and countertop payment systems for the implementation, which offers the “Artema Modular” unattended payment system to provide a rugged and reliable card payment solution that has been designed to ensure secure transactions.

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Freak Figures Indicate COFs Up, Unemployment Down

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Historically fluctuating with one another, March unemployment and credit card chargeoffs didn’t correlate positively for the first time in six months. The unemployment rate was down to 8.8% to 13.5 million members of the American workforce. This increased number of employed persons avoided increased defaulting on their credit cards, which are…

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eCommerce & Payment Processing Up 8.% Y/Y

Overall year-over-year electronic commerce and payment processing dollar volume growth increased 8.1% in March, compared to February’s 8.4% growth rate. Dollar volume growth was 6.9% in March versus 7.7% in February as overall average ticket growth was up 1.3% in March by 0.7% year-over-year. This, according to the First Data “SpendTrend,” tracking same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations, concluded signature debit dollar volume growth rose to 10.2% in March, the largest increase since December. Also, credit dollar volume growth slowed to 7.7% in March after posting a 12-month high of 9.9% in February.

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Heartland Appoints Executive Officers

Heartland Payment Systems made senior management additions and changes to support the growing breadth and depth of the company’s core services and merchant base. These additions include Maria Rueda as Chief Financial Officer, who most recently served as CFO at ING DIRECT and CFO/Financial and Operations Principal for Bloomberg Tradebook through Geller & Co. Also, Heidi Goff was appointed Heartland CMO, who was most recently was President & Managing Director at Hypercom, VP/GM with North America for Transaction Network Services, Executive VP at Global Payment Systems and Senior VP with MasterCard Automated POS Program.

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Hyatt Joins MasterCard Enhanced Folio Data Program

MasterCard Worldwide and Hyatt Hotels have signed partnership agreements under which the Hyatt will participate in the MasterCard enhanced folio data program. With this, businesses that use MasterCard corporate cards will be able to access line item expense data from their travel and entertainment (T&E) activities at more than 12,000 hotels and resorts in the United States and Canada. The MasterCard hotel folio data program enables simple separation of personal and business expenses; gives companies access to “level 3” expense data, such as room charges, tax, meal, telephone and business center fees- all of which can be integrated directly into a company’s expense management system; and provides companies with the ability to more effectively track and manage corporate travel spending, reduce costs and improve efficiencies.

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Chase & Kohl’s to Kickoff Cardmember Rewards

Chase Card Services and Kohl’s Department Stores have partnered to forge their exclusive marketing partnership. With this, Chase cardmembers with Ultimate Rewards will gain access to a wide range of increased rewards benefits for shopping at Kohl’s. Promoting this initiative, Kohl’s and Chase will launch several new incentives to reward Chase cardmembers for shopping at Kohl’s throughout 2011. These include enhanced gift card promotions and expanded bonus point programs for qualifying Kohl’s purchases.

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Monolithic to Institute Adexa Fabless Supply Chain

Monolithic Power Systems fabless semiconductors has selected and will be implementing Adexa Supply Chain Planning solutions’ planning and demand planning solutions. With this, Monolithic Power Systems expects to further improve visibility, accuracy, and performance optimization in its supply chain, while enhancing collaboration across multiple business units. CA-based Monolithic Power Systems analog semiconductor company specializes in deep system-level and applications knowledge, strong analog design expertise, and an innovative proprietary process technology.

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HID Global Gets FIPS 201 Mag Stripe Reader Certification

HID Global has expanded its “multiCLASS” Magnetic Stripe line of readers available on the U.S. General Services Administration (GSA) FIPS 201 Evaluation Program’s list of approved products to now include non-keypad readers. The listing enables U.S. Government organizations to purchase HID Global’s latest physical access reader products as they begin to implement migration programs from legacy magnetic stripe (magstripe) cards to contactless 13.56 MHz FIPS 201 credentials, for both single- and two-factor authentication scenarios. The “multiCLASS” line of multi-technology readers allows an agency’s access control system to function properly during the transition from current card technology to new FIPS 201 card requirements and contain features to simplify the conversion to the new standard because they are capable of simultaneously reading legacy cards and the new FIPS 201 cards. HID Global has also achieved UL294/cUL outdoor certification on all “multiCLASS” Magnetic Stripe readers.

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Tech Lock Certifies APAC PCI DSS

APAC Customer Services outsourced services and solutions has been certified as enterprise-wide compliant with the PCI DSS version 2.0 as a Level 1 Service Provider by Tech Lock. As a Level 1 Service Provider, APAC will undergo an annual onsite assessment by Qualified Security Assessors to apply some of the most strict and thorough testing procedures of any regulation or standard. IL-based Tech Lock is a PCI Qualified Security Assessor that specializes in holistic and multi-regulatory compliance.

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