VeriFone and LifeNexus Secure Health Card

VeriFone Systems secure electronic payment solutions and LifeNexus “iChip” and Personal Health Card have forged agreements to provide “iChip” acceptance software on VeriFone payment acceptance solutions. The LifeNexus Personal Health Card is the first multi-purpose electronic health card utilizing the embedded iChip for securely maintaining an individual’s health record and incorporates a payment card option. Making “iChip” acceptance software available on VeriFone systems at pharmacies, hospitals and physician offices makes it easy for consumers to securely exchange their private healthcare information with providers.

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U.S. Retail Sales for January Up 5.5%, Y/Y

MasterCard Advisors’ SpendingPulse macroeconomic report tracking national retail and service sales provided summary results for January 2011. Excluding auto sales, total retail sales grew by 5.5% year-over-year, on par with December’s growth rate, and slightly higher than November’s. Strong sales also led to a rebound in shorter-term growth — on a month-to-month seasonally adjusted basis, January sales were up by 1.8%, reversing the slowdown that month-to-month sales had posted in December. Excluding both auto sales and gasoline, on a seasonally unadjusted basis, year-over-year sales in January grew by 4.6%, slightly slower than November and December, 2010, but nevertheless a healthy rate of growth by most standards. Spending grew in every part of the country, with the best unadjusted year-over-results in the South Central and Southeast regions respectively posting 9.7% and 7.7% growth.

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Fundtech Introduces Cash Management Offering

Fundtech global transaction banking has officially made available its “Global CASHplus Enhancement Pack” in India. The “Global CASHplus Enhancement Pack” offers 16 new product features that meet the evolving cash management business and operations requirements of banks. New features for liquidity management, receivables and payments will improve both business process and operations. Fundtech was founded in 1993 to provide software and services to banks around the world for wire transfers, ACH origination, cross-border payments and remittance.

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45% Favor m-Payment, 73% Concerned With m-ID Theft

With 45% of the most active mobile device users around the world open to the chance to pay for goods and services using their mobile phone, despite the fact 73% disclosed significant privacy and identity theft concerns, Asia expressed the most interest. Overall, 69% of Asian respondents favored using mobile phones for most payments, led by 76% of Chinese consumers; 75% in India; 56% in Korea and 47% in Japan. On the other side of the globe, 70% of Brazil consumers favored using mobile phones for most payments, miles ahead of the mere 26% In the U.S. and Europe, combined.

These findings, according to Accenture research, also shows 47% of Chinese consumers indicated the had used a mobile phone to make purchases in the past six months, followed by 42% in Korea and 33% in Japan. A majority (64 percent) of consumers surveyed indicated they would use gift cards and coupons delivered directly to their mobile phones, led by Chinese respondents (94 percent) Korean respondents (91 percent) and Indian respondents (76 percent). Globally, 79 percent of the consumers surveyed indicated they would redeem those coupons when checking out of a store, compared with 77 percent who said they would use coupons that had to be clipped from magazines.

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G&D to Present eCommerce Solutions

Giesecke & Devrient is presenting its complete security solutions for the next mobile wireless generation, machine-to-machine communication (M2M), NFC applications and mobile transactions (mobile payment, banking and ticketing), targeting network providers, public authorities and banks. For starters, the company’s cell phone solutions make it possible for example to buy train tickets or pay for admission tickets with NFC; allows for the secure remote administration of SIM cards and handsets over the mobile network; and its “MobiCore” from Giesecke & Devrient combines the openness of flexible operating systems for handsets and netbooks with the highest security standards.

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Datacard Launches Latest Version of its Software

Datacard Group secure ID and card personalization solutions has made available its latest “CardWizard” card issuance software version, 5.3, following extensive research and development. Building on the custom background selection, optimum user interface and reporting functions, enhanced security and multiple language support, “CardWizard 5.3” software integrates Datacard “Affina” smart card software to let issuers build cost-effective smart card development and personalization into their card issuing environments. The “Affina” software is compatible with various card and payment schemes and has been successfully implemented in over 200 central card production environments for EMV-compliant programs.

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YourCash Implements TNS ATM Transaction Delivery

YourCash independent provider of ATM solutions launched their market leading merchant fill proposition into the Netherlands in 2003 to serve the remote customer market. They have secured a number of major contracts with key Dutch supermarket chains, offering GPRS enabled ATMs, and currently have an estate of over 600 ATMs to facilitate northward expansion in the region. For this, TNS is delivering its “TNSLink” secure communications solution for ATMs that helps to maximise ATM uptime and that utilises TNS’ PCI DSS certified backbone network and can be deployed using ADSL, GPRS or a merchant’s existing internet connection. YourCash offers a number of ATM solutions for the retail and services markets in the UK and Netherlands.

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Gemalto and iPass Partner to Offer Global WiFi Hotspots

Gemalto digital security has entered into a Technology Collaboration Agreement with iPass enterprise mobility services to expand benefits of its “Roaming Director,” which gives mobile operators access to a customized global Wi-Fi roaming solution. The “Roaming Director” service solution lets mobile operators dynamically connect subscribers to their preferred 2G and 3G roaming partners. By adding the global Wi-Fi roaming capability to Roaming Director, mobile operators will go to market more quickly with a comprehensive mobility offering that provides their roaming subscribers with greater choices of network connectivity. By utilizing the “iPass Open Mobile” client for smartphones, subscribers can access over 260,000 hotspots.

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SelectCore Update on Iridium MasterCard

After having launched the reloadable “Iridium” MasterCard in 1Q/10, SelectCore is now disclosing its limited sales outlets have generated considerable revenue. Although the proprietary POS technology that facilitates real-time card activation and reloads has been deployed on only 4,000 company-owned VeriFone terminals in the marketplace, the Company sees this as grounds to continue a nation-wide roll-out once it completes its refinancing. SelectCore deployed the “Iridium” MasterCard as part of its strategic growth strategy to diversify into high-margin financial transaction processing, and markets to millions of un-banked and credit challenged consumers who do not have access to traditional financial services offered by the banks.

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PayThru to Launch mpayments Solution

paythru mpayments is set to kick off its mobile payment applications for debt collection; parking; charity; retail; ticketing; gaming; and its own “paythruMONEY” virtual cards, wallets, vouchers and P2P money transfer. Merchants generate more profit with paythru because there is no network revenue share to pay. It also delivers sector leading conversion rates, as paythrus technology makes the payment process virtually frictionless. Consumers can use paythrus service on any mobile phone, on any network and with any bank or credit/debit/prepaid card. Once a consumer has used paythru they can buy from any merchant, anywhere in the world without having to re-enter their card details.

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