Gemalto’s Cinterion cellular machine-to-machine communication modules has partnered with Numerex M2M solutions to distribute and integrate the Cinterion modules across all M2M markets. Allowing customers to rapidly implement M2M applications, Cinterion offers security products covering wireless communication modules, Machine Identification Modules (MIM), advanced value-added software applications and remote management services. The agreement combines Cinterion’s broad portfolio of award-winning wireless communication modules with Numerex’s unique DNA® service model (Device, Network, and Application) for its range of integrated services.Details
Bluepoint Solutions, provider of Check 21, remote deposit capture, item processing and enterprise content management solutions for financial institutions, has been selected by four credit unions to implement its “QwikDeposit ToGo” mobile remote deposit capture platform. Bluepoint’s “QwikDeposit ToGo” solution lets members securely deposit checks with a camera-equipped smartphone, providing the convenience of anytime, anywhere deposits. The application is configured to support the majority of the smartphones available in the U.S. market and deploys Mitek Systems’ patented mobile RDC solution.Details
As consumer credit card debt lurched up for the first time in nearly 2 and half years by $2.3 billion in December 2010, January credit card chargeoffs inched higher as well from 8.3% in December to 8.4% in January. This small increase in chargeoffs coincides- and is most likely subsequent to- unemployment having exploded .7%…Details
Visa has set forth to acquire PlaySpan in its most recent agreements for $190 million in cash, complimenting its 2010 CyberSource acquisition and to further tap the digital and mobile commerce market of nearly $948 billion, globally. Providing a payments platform to handle transactions for digital goods in online games, digital media and social networks, PlaySpan offers a Monetization-as-a-Service platform that allows merchants to monetize their content using a broad suite of payment and commerce-related solutions in fraud and risk management, analytics, merchandizing and global payment connectivity.
Visa’s fiscal 1Q/11 posted 25% year-over-year growth in eCommerce payment volumes globally, a segment in which PlaySpan with having generated an estimated $25 billion in consumer spending globally in 2010.Details
In conjunction with increasing consumer confidence in the young 2011-along with unemployment and chargeoffs-more consumers pulled out their credit cards in January. Total dollar volume growth for all card types was up 7.4% since the year ago period and 6.5% from the previous month while transaction growth increased 8.3% in January from the 7.6% growth in December.
Corroborating CardFlash research, consumer credit card spending saw its first increase in 27 months, these findings are according to First Data’s “SpendTrend” analysis, which also shows transaction growth on credit cards was at a 13-month high in January and year-over-year credit dollar volume growth was the second highest in over a year.
Moreover, total revolving credit balances increased in December for the first time in over two years and likely increased in January. However, the average ticket growth declined -0.8% on a year-over-year basis, although this was a slight improvement from December’s average ticket decline of -1.0% as consumers continued to bargain shop.Details
Saudi Arabia-based Mobily mobile operator has started deploying the Gemalto bio-sourced SIM, made with renewable material and easily recyclable, for its more than 18 million subscribers. The Gemalto SIM is fully compliant with telecommunications standards and its card body is certified 100% compostable, focused on reducing the environmental impact while providing high-standard technical properties. The new card also enables Mobily to convey their visual identity by displaying their branding with quality colors and graphics.Details
Elavon has Class-B certified Hypercom’s “SPOS32” EMV and PA-DSS approved payment software on the PTS approved Optimum “T4200” and “M4200” mobile products. Elavon payment acquirers is among first to do so and can now process credit card transactions originating from the Hypercom devices in Canada on the Hypercom high-security platform.
The PTS-approved and Interac certified Optimum “T4200” and “M4200” product family consists of six powerful 32-bit multi-application systems that share the same platform, user interface, and software toolkit to maximize efficiency, application portability, and offer customers a broad range of options to serve any market need.Details
Available in March, DeviceFidelity is set to demonstrate its updated “In2Pay” V3. The “In2Pay” V3 turns mobile phones into a “mobile wallet” and lets users make payment transactions with their handsets. It also brings additional NFC capabilities to the mobile device, delivering contactless reader and Peer to Peer transaction capabilities. These features enable users to scan smart posters and electronic coupons, upload the information to their mobile phones, and apply discounts at the time of purchase.
These features also allow mobile merchants to use the iCaisse4 as a Mobile POS terminal to accept the various types of contactless cards issued all over the world. In2Pay V3 utilizes on board near field communication PN series NFC controller and SmartMX secure element from NXP Semiconductors.Details
Blackhawk Network prepaid and financial payments products has made available its GiftCardMall.com iPhone application to let iPhone users purchase and send personalized eGift cards to a recipient’s email or Facebook account. eGift Cards can be personalized by adding your favorite photo of your Valentine to a gift card or by adding a special note or love poem. Marketing itself as a last minute gift idea, the gift card application features Williams-Sonoma®, SpaFinder®, Best Buy, REI and Southwest Airlines. Consumers download the GiftCardMall.com iPhone application to the iPhone; select an eGift card from a variety of brands and customize it by adding a personalized message and uploading a photo or using your iPhone to take a photo to be added to the eGift card; and purchase the eGift card online and send the same day to your Valentine’s email and Facebook.Details
Aptys payments network provider for financial institutions has added ACH functionality to its “PayLOGICS” payment processing platform for least cost routing and in-network exchange (INEX) of ACH transactions. The “PayLOGICS” platform allows service providers the option to clear ACH items within their network of banks before the Fed to lower transaction processing costs and to offer faster clearing services. Utilizing the ACH functionality in “PayLOGICS” enables financial institutions to exchange ACH items with other financial institution partners, resulting in additional savings while sending their remaining transactions to the Federal Reserve or other clearing partner. Aptys’ ACH functionality includes exception item management, automated scheduling, warehousing, returns, reversals and full origination.Details
Foregenix is working with Visa Europe to deliver a series of educational and training webinars devised to help acquiring banks, financial institutions and merchants understand how using cardholder data discovery solutions can help them become PCI DSS compliant.
The webinars follow the announcement by the PCI Security Standards Council of PCI DSS version 2.0, which reinforces the need for businesses to have an accurate and regular methodology in place for finding and securing unprotected and legacy cardholder data to accurately define their PCI scope reduce their risk. Information on the webinars can be found at www.foregenix.com.Details
M3 Technology gaming information and casino management systems have launched the “M3T Cash Access Kiosk” integrating an Evolis “Dualys Kiosk” card printer. This will allow casino clients to offer quick access to cash to customers through such avenues as ATM, credit card, check cashing, bill breaking, and ticket redemption. This is in addition to the “M3T Vault” real-time cash management system. In partnership with TransTech Systems ID badging, M3T can offer the Evolis “Dualys Kiosk” for plastic card personalization and let patrons enroll in the casino player’s club. This printing can also issue gift or promotional cards.Details