MASABI

Masabi mobile ticketing technology for the transport sector has secured $2 million from m8 Capital mobile technology venture capital fund. This will support commercial deployments of Masabi’s mobile ticketing systems with rail companies and to expand operations into other geographies, especially its “Ticket Machine in your Pocket” technology, which allows secure, usable ticket purchase and display on the majority of common mobile phone handsets, as well as high-end smartphones. The company is already working with customers including Atos Origin and thetrainline.com, with the first consumer launches due in the coming months.

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WISeKey Launches Underbanked mBanking

WISeKey and eight CGI members, including the GSMA Development Fund, a grant from The Bill and Melinda Gates Foundation, Western Union, MPower Ventures and Women’s World Banking, committed in 2008 to bring m-banking to millions of people. With this, WISeKey is offering a platform to enable anyone with a mobile phone to carry out transactions, even if they don’t have a bank account, based on WISeKey technology. THe mBanking solution allows financial institutions, mobile operators, e-commerce and catalog retailers to provide customers with universally trusted services through the most common and secure channels. It can either be deployed quickly by organizations through S-as-S or the full platform can be installed on customer premises on iPhone, Blackberry, Samsung, Ericsson, Nokia and any J2ME capable phone.

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Evolis Enhances Card Printer UHF Encoding

Evolis plastic card personalization is introducing its ultrahigh-frequency (UHF) Gen 2 RFID encoding option within its Pebble and Dualys card printers. This integrating of UHF Gen 2 encoders to its Pebble and Dualys single and dual-sided models allows organizations to implement efficient yet secure identification and access control RFID systems. The Gen 2 UHF RFID technology brings security, speed and convenience to any identification process. Gen 2 ID cards offer a wider read range and allow multiple card reads at the same time. Extremely secure, Gen 2 is an internationally recognized standard that allows for significant flexibility in many applications when integrated in an Evolis card printer.

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CashStar CEO to Present at Shop.org Annual Summit

CashStar co-founder and CEO David Stone will discuss how retailers can open new marketing channels with digital gift cards during the highly popular “40+ Things You Can Do to Make More Money Next Week” session at the 2010 Shop.org Annual Summit in Dallas, TX. The Shop.org Annual Summit is an educational and networking event for online and multichannel retailers featuring the industry’s most prominent and innovative thought leaders. CashStar is a digital gifting and incentives partner for retailers nationwide with a powerful platform to deliver retailers high-margin sales, promote online and in-store traffic and encourages customer loyalty.

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ACS Launches Denver Public Transit Smartcard

Transit riders in the Regional Transportation District (RTD) of Denver will now have access to more efficient and green advanced fare collection through Affiliated Computer Services. The City signed a four-year, $15 million contract with ACS to offer public transportation users smart cards free of charge and load them with a pre-paid amount. To conduct fare transactions, the user waves the smart card in front of a scanner when boarding for a contactless ticket entry. The smart card implementation is expected to begin in early to mid-2011 and will initially be installed in 350 buses serving approximately 10,000 riders in the Boulder, CO area. ACS will equip the RTD with processing and data collection equipment including smart card readers, wireless communications and central data processing equipment.

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Heartland Terminal Merchants hit 5,100 Milestone

Since introduction, 5,100 business owners across the country have purchased and deployed the Heartland “E3” terminal. Protecting their users with end-to-end encryption, this marks the largest number of merchants in the United States actively using this technology to secure their transactions. The “E3” terminal protects users by ensuring analog data on the magnetic stripe never enters the acquiring payments system in clear-text digital form. It safeguards card account information from the moment of card swipe and through the processing network to protect cardholder data, making it useless to cyber criminals. In response, Heartland is set to further its footprint with the launch of its “E3” magnetic stripe reader (MSR) wedge for PC-based payment applications. Designed to protect cardholder data at the point of swipe before the data reaches potentially vulnerable PC-based applications, the ‘wedge’ encrypts sensitive cardholder data in a tamper-resistant security module (TRSM) with state-of-the-art Advanced Encryption Standard (AES), Identity-Based Encryption and physical protections compliant with the PCI PIN Transaction Security (PTS) 3.0 standards.

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U.S. Bank FlexPerks Visa Loyalty Recognized

U.S. Bank’s FlexPerks Visa card program has now won a COLLOQUY Loyalty Award, which recognizes outstanding innovation in loyalty marketing. FlexPerks earned top honors in the Loyalty Innovation in Financial Services category for its pioneering approach to transitioning former U.S. Bank WorldPerks Visa customers to the new U.S. Bank FlexPerks Travel Rewards program. The inaugural COLLOQUY Awards honored the most innovative, customer-focused loyalty initiatives in North America. Award finalists were first chosen by loyalty marketing experts, with the final winners then chosen by COLLOQUY subscribers. U.S. Bank Retail Payment Solutions (RPS) offers credit, debit, and prepaid payment solutions to consumers and small businesses through U.S. Bank and in partnership with financial institutions, businesses, governments and employers.

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Fortune and AmEx Award Powerful Women

Fortune and American Express OPEN have chosen ten female small-business entrepreneurs to join the annual Fortune Most Powerful Women Summit, to be held October 4-6. The ten women will join 400 of the world’s most influential women leaders in business, philanthropy, government, education and the arts for panel discussions, on-stage interviews and interactive sessions over the course of three days. Two of the Most Powerful Women Entrepreneurs will join a panel discussion about how the best and brightest build businesses. That session will include Tory Burch, Co-founder and Creative Director of Tory Burch, and Susan Sobbott, President, American Express OPEN. Fortune Assistant Managing Editor Leigh Gallagher will moderate. American Express OPEN is the Founding Partner of Fortune’s Most Powerful Women in Small Business Initiative.

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73% of Small Businesses Hurt by Economy

The three-month consecutive drop in small business owner confidence skidded to a halt in September, having jumped from 73 to 73.8 on the Discover Small Business Watch. This follows a 14.4 May plummet as concerns grow over temporary cash flow issues, offsetting some improvement in the way small business owners see the climate for their own operations. Small business owners reporting temporary cash flow issues jumped to 46% for the month, down from 53% in August, while 50% do not and 5% are unsure. Additionally, 68% of small business owners rate the economy poor, up from 62% in August; 16% plan to increase spending, down from 17% last month; and 55% report economic conditions are getting worse for their businesses. This is most evident in the 71% waiting for the economy to improve before they do any hiring and the 73% having disclosed the economy has hurt their business.

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Metro Bank Launches Fee-Free Visa

Metro Bank has launched “America’s Next Great Credit Card” personal Visa credit card. Offering a 9.90% APR, no annual fees, no late fees and no balance transfer fees, the Metro Bank Personal Visa Credit Card. The average consumer credit card rate was 16.79% APR. Metro Bank’s credit card services also include online account access and a 24/7 live customer call center. Customers can apply by visiting their nearest Metro Bank store or calling the bank. Metro Bank has 33 stores throughout PA, offering seven-day banking, free checking, free instant-issue Visa debit card, free coin-counting machines, free online banking and 24/7 live customer service.

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mPayment Transactions to Hit $1.13 Trillion by 2014

In 2009, the total number of mobile payment users increased to 351.4 million and is projected to hit 1.06 billion in 2014 for a CAGR of 20.5%. Meanwhile, the gross value of mobile payments transactions was $37.4 billion in 2009 and is projected to hit $1.13 trillion in 2014. This data, according to MarketResearch.com, also shows 2009 SMS accounted for 76.4% of mobile payment transactions in 2009, which is expected to decline to 58.7% in 2014. This is part of the Company’s “3Q.2010 Global Mobile Payment Market Forecast, 2010 – 2014: Global mobile payments users to exceed one billion by 2014 with over $1 trillion in transactions taking place in that year.”

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WELLS FARGO REMITTANCE

Wells Fargo has added Banco De Oro Unibank and M. Lhuillier to the Wells Fargo “ExpressSend” remittance network, tripling its total payout locations to over 2,800 branches and 2,900 ATMs. BDO has over 700 branches, nearly 1,400 ATMS and was named the #1 commercial bank for Overseas Filipinos Remittances for 2008 and 2009 based on volumes. The bank has several rural bank partners and is part of the growing network of SM shopping malls throughout the Country, where customers may claim their remittances. BDO has nearly 2,700 remittance pick up locations around the Philippines.

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