OTI Starts Filling Orders for Retrofit COPNI mPayment

Reflecting the ever-expanding mobility of our world today, On Track Innovations contactless smart card solutions is filling orders for its contactless mobile payment product at break-neck speed. OTI’s COPNI (Contactless Payment and NFC Insert) lets mobile network operators (MNOs) support NFC functionality and contactless payment applications from major card associations, mass transit ticketing (with MIFARE support) as well as loyalty programs and other proprietary programs. COPNI NFC add-on to mobile phones and is independent of the SIM, handset type and model and lets MNOs dynamically manage applications such as e-coupons and loyalty programs. The COPNI-enabled mobile phone can be used in a broad range of payment transactions including prepaid, credit and debit, as well as loyalty programs and other NFC related applications.

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Cineplex Offers PayPal mPayment Option

Cineplex Entertainment now offers guests the option to use PayPal when purchasing tickets to a movie or other form of entertainment at Cineplex Entertainment theatres. A PayPal account can be used to purchase tickets from www.Cineplex.com, the Cineplex Mobile Apps, or through its mobile site m.cineplex.com. From February 10-17, 2011, guests who purchase $20 CAD or more in tickets for Cineplex theatres using their PayPal account will receive $10 CAD cash back to their PayPal account. This allows guests to complete transactions using their PayPal account balance, bank account or credit card. When purchasing a ticket for a movie or an event at Cineplex Entertainment theatres, guests can select PayPal as the payment option after they have chosen the show time and entered the quantity of tickets. They are then transferred to PayPal’s secure Web site where they then log in to their PayPal account and confirm the transaction.

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NXP Launches Smart Card Security Authentication

Just in time for Valentine’s Day, NXP Semiconductors has kicked off its “au10tic” secure IC microcontrollers for device authentication. Based on NXP’s security technology, the “au10tic” ICs provide a complete tamper-resistant security solution including key generation and programming services, as well as the option for remote management of applications and credentials running on the secure MCU. The NXP “au10tic” secure ICs can be used for counterfeit protection; for authentication of devices and users accessing secure content and services; and for device identification to enable secure machine-to-machine communication. The authentication chips can be integrated to smartphones, laptops and tablets to game consoles and electronic accessories. NXP Semiconductors has approximately 28,000 employees working in more than 25 countries and posted sales of USD 3.8 billion in 2009.

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SelectCore Updates Progress on Refinancing

Concerning its refinancing efforts, SelectCore payment and transaction processor for prepaid telecom and financial services has been in discussions and has received multiple term sheets and commitment letters from interested lenders. The Company is currently evaluating its options, but at this time has not accepted nor is it certain that it will accept any financing offer. SelectCore also negotiated an amendment to its loan agreement with ComVest Capital II that eliminated any prepayment penalty. In consideration for this, among other amendments, the Company agreed to repay the $2.5M term loan by March 31, 2011 and the $2.5M revolving line of credit by December 31, 2011. The Company subsequently paid down $1.25M of the term loan in Q4 2010, leaving $1.25M due March 31, 2011.

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PaymentOne Awarded Two Patents for mWallet & Payments

PaymentOne global carrier billing for mobile consumers has issued two new patents by the US Patent Office related to multi-billion dollar markets for mobile commerce and direct carrier billing. These cover its fraud control and user authentication for commerce that is conducted using a carrier connected billing telephone number and its Internet payment methods and modalities tied to a user’s mobile, broadband and/or landline account. Collectively its patents the PaymentOne real time authentication and fraud control system. They further cover technology to validate, execute, and settle financial transactions using a variety of funding methods including a mobile bill account, credit/debit cards and pre-paid cards for physical and digital goods and services.

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mBlox Delivers 4.4B Global Transactions in 2010

mBlox mobile transaction network has delivered over 4.4 billion application-to-person transactions throughout 2010, a billion more transactions than the previous year. The company processed 26% more global transactions than in 2009 while its mobile transaction revenue across Europe grew by 12%. This is cause and effect to new mBlox services, offering merchants tools to produce secure, location-based applications for consumers, to allow increased consumer relevance and utilisation while facilitating broader mobile commerce. Products to be publicly launched this spring will enable leading brands and application developers to interact and transact with consumers on the move and process payments via a broad range of financial instruments. To keep up with this growth, mBlox launched its PayMobile solution in France, growing revenues in the Country 29% since the previous year.

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Cinterion Introduces Solderable M2M Module

Cinterion, a Gemalto cellular M2M communication provider, is introducing its “BGS2” LGA (Land Grid Array) module for M2M solutions requiring voice and high speed GPRS data. Designed for high volume production, this ultra compact module is ideal for small M2M devices like personal tracking units and portable medical devices that help safeguard health and wellness. The “BGS2” is being developed to simplify the direct link of NFC devices, sensors or GPS receivers to the micro controller of the host application, helping to lower the total cost of ownership for implementers.

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TD Bank Launches New Credit Card

TD Bank is introducing its TD “Payment Plus” Credit Card to help customers who carry a balance manage their money by offering rewards for responsible credit card payment behavior. The card gives users the opportunity to receive a monthly credit provided they make a payment of at least 5% of their outstanding balance by the payment due date with a standard interest rate. TD Bank “Payment Plus” helps users become more responsible for interest charges and debt obligations; offers the flexibility to choose to make a larger payment and get an interest-charge savings without getting locked into payment terms that may not be right for their budget; and rewards them for paying down balances. The new card also offers automatic rewards if they make a payment larger than the minimum balance.

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Protegrity Advance PII Tokenization

Protegrity USA launched Protegrity Data Security Platform 5.5 to protect sensitive customer data in applications, files and databases. This extends Protegrity’s tokenization to additional data types including Personally Identifiable Information (PII), email addresses, social security numbers, dates, addresses and names for improved security of this data and to minimize risk. The Protegrity Data Security Platform is proven to reduce the scope and associated costs of complying with PCI DSS or HIPAA requirements for healthcare, retail, marketing, financial services, insurance, government and life sciences organizations that process PII or credit card data. Also, Because Protegrity Data Security Platform 5.5 now tokenizes alphabetic, numeric and alphanumeric data, it can be deployed by organizations that need to follow strict regulations in protecting data classified as “HIPAA 18” (medical IDs, dates, e-mail addresses, URLs, etc.). And unlike other tokenization methods which negatively impact IT system performance by storing massive amounts of encrypted data in the token server, Protegrity Tokenization removes the encrypted data from the token server, creating a very small system footprint.

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NewNet and Perceptive Development Showcase mPayments

NewNet Communication Technologies and Perceptive Development have forged a joint collaboration to demonstrate their end-to-end secure mobile payment solution at the GSMA Mobile World Congress in Barcelon, February 14 -17. NewNet’s secure access Traxcom products process over 1.5 billion transactions a month and provide secure connectivity that enables the delivery of legacy transaction payment services and brand new services such as mobile payments, e-banking, and e-commerce. Integrated, next generation encryption technology such as the Derived Unique Key Payment Transaction (DUKPT) ensures data confidentiality and safety, and enables carriers to expand current services and enter new markets such as healthcare. The Derived Unique Key Payment Transaction (DUKPT) data encryption enables mobile devices with add-on transaction processing devices, such as magnetic strip card readers, smart card devices and NFC enabled Point of Sale devices, to work together with the AccessGuard Platforms to deliver a highly secure end-to-end mobile payments solution.

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Cardtronics to Present at the Deutsche Bank Conference

Cardtronics non-bank operator of ATMs is set to present at the Deutsche Bank Small and Mid Cap Conference on Wednesday, February 16 at the Ritz Carlton in Naples, Florida. The presentation will begin at 3:20 p.m. Eastern Time. Investors and interested parties may listen to the live webcast of this presentation by visiting the Company’s website at www.cardtronics.com under the investor relations section at the appropriate time. A replay of the presentation will be available for one week. Cardtronics operates over 33,500 ATMs for its account in the United States, the United Kingdom, Mexico, and the Caribbean and assists in the operation of over 2,900 ATMs under managed services contracts with customers, allowing them to place their brands on over 11,700 Cardtronics’ ATMs.

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