S1 & PayPal Ink P2P Payments Processing

S1 Corporation payments and financial services software solutions has signed agreements with PayPal to develop and deploy payment solutions directly integrated into online and mobile banking platforms. Ten financial institutions so far have signed with S1’s “PM Systems” to offer Person-to-Person Payments powered by PayPal. The PayPal service allows consumers and businesses to make easy, fast and secure payments directly from their bank accounts to almost anyone with a mobile number or email address around the globe. The integration with the PayPal solution allows consumers to quickly send money to almost anyone with a mobile phone or email address by leveraging the PayPal network. If the recipient is one of the 90 million PayPal users, the funds will be deposited instantly for verified accounts, or they can create an account.

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VISA & MONTISE

Developed in partnership with Monitise, Visa is kicking off its “Visa Mobile” application for the iPhone to allow users access to more than 50 unique merchant offers through their iPhone. Available as a free download from the iTunes app store, “Visa Mobile” targets budget-conscious Visa account holders with its list of popular merchants to deliver exclusive offers. Offers are automatically delivered and stored in the application, can be tailored to consumers’ life styles and preferences, and can be redeemed either online or at physical retail locations. The application uses location-based technology to provide consumers with a map and directions to a nearby retailer where they can redeem merchant offers. Visa signed a global alliance with Monitise in June 2009 to custom-develop mobile services for Visa across a spectrum of handsets to ensure Visa account holders have a consistent, user-friendly, and secure mobile payment experience. Moreover, the application shows users nearby merchant locations and provides directions to locations where they can redeem offers and allows them to find the nearest ATM.

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MasterCard Foundation Appoints New Board Member

President Festus G. Mogae of Botswana has been appointed to the
MasterCard Foundation Board of Directors. President Mogae’s career is
distinguished by achievements that advanced economic and social progress
in Sub-Saharan Africa. President Mogae led the Republic of Botswana from
1998 to 2008. In 2009 President Mogae accepted the position of Special
Envoy of the United Nations Secretary-General on Climate Change, a role that
culminated with his participation in the UN Climate Change Conference in
Copenhagen. President Mogae spent the past year as the African
President-in-Residence at Boston University’s African Presidential
Archives and Research Center. He also served as Vice President, Minister
of Finance and Development Planning, and Permanent Secretary to the
President and was the Alternate Governor for Botswana at The
International Monetary Fund, The World Bank and The African Development
Bank.

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eBay Shoppers Set Records For Busiest mShopping Day

eBay mobile GMV grew 127% in the U.S. and 165% globally on Sunday, Dec. 12 -“Mobile Sunday”- over the same Sunday last year. Mobile holiday shopping on eBay peaked globally on the second Sunday of December for the second consecutive year, having generated nearly $5 million in GMV in the US and $13 million in GMV globally. eBay mobile GMV was up 38% on “Mobile Sunday” over Cyber Monday 2010. Clothing and accessories topped the list of most-sold items among U.S. shoppers buying with their phones, with the top five U.S. states by sales volume including California, Pennsylvania, Florida, Indiana, and Ohio. U.S. mobile shopping peaked between 1:00 p.m. – 4:00 p.m. EST with more than 9,500 transactions per hour.

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Blaze Mobile Invents New “Smart” Payment Sticker

Blaze Mobile mobile payment solutions invented a “smart” sticker, letting information transfer in real-time to a mobile device without a carrier network. When consumers make contactless purchases, the data is sent directly from the sticker to the mobile device, eliminating the need for a carrier network or WIFI. The sticker, which can be used on any mobile device, offers Blaze’s users real-time account information whether in a store, subway, transit station, airplane, or anyplace without cell phone reception. The data transfer works in both directions, so the mobile device can also transmit information to the smart sticker without using a carrier network or WIFI. This new sticker improves upon Blaze’s first mobile payment sticker, which was introduced as a solution to the lack of NFC cell phones in the marketplace. Blaze servers deliver this digital receipt to the mobile device OTA using the carrier network over the course of a few seconds.

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Cybercom joins PCI Security Standards Council

Cybercom is approved to join a new Forensic Investigator program that simplifies for companies and organisations to hire and work with forensic experts like Cybercom. The PCI SSC Forensic Investigator program aligns industry requirements for identifying and approving forensic investigators. PCI SSC has assessed Cybercom’s employee skills, methods, quality control, equipment, credentials, and insurance coverage. The SSC will manage a centralized public listing of PCI Forensic Investigators that are subject to the Council’s quality assurance reviews. Organizations requiring forensic investigative services can now consult a single central resource recognized by each payment card brand.

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Nelnet Joins the Secure Vault Payments Network

Nelnet Business Solutions announced they will join the Secure Vault Payments network and offer the online payment option to their more than 700 higher education clients. Secure Vault Payments is a safe and secure online payment network developed by NACHA and eWise online payment & personal financial management solutions. Designed specifically for the unique security and convenience requirements of online payments and ecommerce, Secure Vault Payments enables students to make fast and secure tuition payments through their financial institutions’ online banking platforms without enrolling, registering or sharing any account information with the school. Financial institutions authenticate students and provide schools with real-time authorization and confirmation of ACH transactions.

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LifeLock’s Priorities Pay Dividends in 2010

LifeLock proactive identity theft protection has reached more than 3,500 law enforcement officials and more than 5,500 consumers to share educational curriculum surrounding the growing threats of identity theft. LifeLock will end the year having presented to 30 one- and two-day Identity Theft Summits for law enforcement. From Seattle to Boston and from New Orleans to Milwaukee, the free summits bring law enforcement together in an environment to learn from current investigators the varying methods and generations that thieves are using as well as best practices to investigate cases. This program has positioned LifeLock to receive recognition from the Communitas Awards for Leadership in Community Service and Corporate Social Responsibility. The educational program was also recognized by the International Business Awards where the LifeLock Corporate Communications Team was named Communications Team of the Year for their commitment to helping educate law enforcement officials.

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United Federal CU Implements FIS Core Processing

FIS banking and payments technology has signed an agreement with United Federal Credit Union for its MISER core processing solution, which will also deploy FIS’ “Connections” CRM solution. The solution can scale in support of United Federal’s growth strategy and provides advanced lending, collections and charge-off functionality. This will help the credit union maximize income on deposit accounts. FIS’ “MISER” core processing solution for credit unions delivers increased efficiency, revenue and profitability through its integrated and scalable design. With MISER, credit unions can service both retail and commercial customers, increase the speed of member service requests and transaction processing and manage workflow by interfacing with documents, images and cross-selling opportunities.

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SkinnyBytes Launches Power-over-Ethernet PC

SkinnyBytes has launched its “PoE-156 ‘Touch’” 15.6” All-In-One Power-over-Ethernet (PoE) computer. Engineered for extremely low power consumption and able to receive all of their power over a standard network cable via Power-Over-Ethernet. The PoE-156 supports VESA mounting, making it ideal for a variety of environments including schools, healthcare, POS, industrial, or digital signage. It is focused on offering value and efficiency through only one cable for power and data. It is also quipped with built-in stand or VESA wall/panel mount.

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mopay Achieves Record Global Growth in 2010

mopay payment solutions for online merchants posted record global growth in 2010 following the launch of its official U.S. headquarters in Palo Alto, Calif. mopay added 150 new merchants globally, with the U.S. already accounting for 15 percent of all new merchant signups and added 20 countries to its coverage list in 2010. With this, the Company saw growth and success that resulted in significant momentum and now covers 80 countries. Concurrent developments include having extended its existing mobile payment solutions portfolio to landline payments with the launch of “mopay call” and the “mopay 2go” to address the exploding mobile apps market in Europe, the U.S. and APAC.

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Fiserv Marketing Website Deploys Marketing Tools

The Fiserv online payment marketing website has been enhanced to provide financial institutions that use the “CheckFree RXP,” “Paytraxx” or “ZashPay” access to marketing materials. These materials can be used to support marketing and channel management and include primary market research from Fiserv, marketing planning and execution guides, interactive online tools and creative campaigns. The campaigns and materials available through the marketing website are based on more than a decade of Fiserv investment in research on online banking and payment behavior, including segmentation, adoption trends and the response of consumers to various creative appeals. Financial institutions that took advantage of one or more Fiserv-developed online bill payment marketing campaigns saw active users grow an average of 21% to nearly 32%, versus an average growth of 16.5% for non-marketers.

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