Inside Contactless Offers Open NFC Available on SourceForce.net

INSIDE Contactless is making the Open NFC protocol stack more widely
available, placing the full source code and full API documentation on
SourceForge.net for free download. The source code for the core Open NFC
version 3.5 software – including Android, Windows Mobile, Linux and Java
(JSR-257) editions – and API documentation will be available on
SourceForge.net starting May 15. The Open NFC protocol stack brings
proven, high quality, well-documented NFC software into the open source
arena, providing a complete NFC middleware solution for mobile phones,
embedded products and other devices. It benefits device makers, software
developers as well as others in the mobile ecosystem in several ways,
providing greater impetus to implement NFC solutions across a broad
range of consumer products. This move extends INSIDE’s software stack as
the de facto open solution for NFC enablement on mobile devices.

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BANAMEX VISA

Banco Nacional de Mexico and VISA are introducing the Primer Prime National Football Team Debit Card. Combing features of the “Cuenta Perfiles Banamex” account with safe banking access, the Visa Perfiles Card supported by Banamex offers total flexibility. The fees plan: a monthly rent covering every transaction or paying for each one individually; Access to money: by debit card and/or checkbook; The card design: blue, silver or in the colors of the Mexican National Football Team; tax free returns on investments from $1,000 to $100,000 pesos; Safe Debit that protects your account balance from unacknowledged charges for up to $20,000 pesos, 72 hours before reporting the loss or theft of the card; and life insurance of up to $25,000 pesos and travel accident insurance of up to $75,000 dollars.

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HID Global Receives Shingo Operational Excellence Award

HID Global secure identity manufacturing facility has been awarded the Shingo Silver Medallion. The Shingo Prize is recognized as the premier award for operational excellence and articulates the characteristics of a successful world-class lean enterprise. HID Global was recognized for its exceptional business and operational achievements resulting from its customer-centered business process, manufacturing and support initiatives. HID Global’s Connecticut facility has a track record for executing manufacturing principles by fostering a long-term culture of continuous business improvement within its organization. Reduction in lead times, improvement in on-time delivery, reduced scrap and significant increases in shipments with an incremental increase in labor were noted as contributors to the North Haven facility’s award-winning performance.

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TAZCARD

Based on TazTag’s “TazCard,” INSIDE Contactless, Sagem Orga and TazTag have partnered for the development of pre-alpha testing for NFC contactless payment with full NFC functionality on other applications. About the size of an ordinary credit card, the “TazCard” Java-based handheld device is capable of supporting a variety of NFC applications and has been facilitated with INSIDE’s Java-based test payment application. This all on a Single Wire Protocol (SWP)-enabled SIM card developed by Sagem Orga, which is connected to the INSIDE MicroRead NFC controller built into the TazCard. The TazCard also utilizes INSIDE’s Open NFC(TM) protocol stack. With its 3.5-inch color touch screen, the TazCard is able to provide the user with a full NFC experience for payment and other NFC transactions. INSIDE’s third-generation MicroRead NFC chip provides the most mature NFC implementation.

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Regions makes ATM deposits quick and easy

Regions Financial is installing 323 image-enabled “DepositSmart” ATMs in select markets in Alabama, Florida and Tennessee in 2010. The imaging technology gives customers the freedom to make deposits 24 hours a day without envelopes or deposit slips. Customers simply follow the on-screen prompts to deposit checks and cash directly into the ATM, which reads the checks, counts the cash, and totals the transaction. Regions began piloting the technology in several markets in 2009, one of which was Tuscaloosa, Ala. The bank will be the first to deploy the ATMs broadly in Alabama. “DepositSmart” ATMs offer Quick credit for cash deposits; same-day posting of checks deposited before 6 p.m. local time on regular business days; itemized receipt lists the number and denomination of bills deposited and displays images of deposited checks; stacks up to 20 checks or 50 bills at one time for each deposit, or a combination of both with no envelope required; adds up multiple bills and checks and calculates the total deposit amount, no deposit slip needed; and the ATM screen displays a list of bills and images of checks to be deposited for verification and approval.

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AMEX YUAN CHECKS

American Express has made available its “Yuan Travelers Check” for international travelers visiting China. The Bank of China will become the sole encashment bank for this product within China, with which an American Express partnership signals a new era for travelers’ safety to China. Namely, travelers to China from Canada, India, Japan Korea, Malaysia, Singapore, the UK and USA will be able to purchase American Express Chinese Yuan Travelers Cheques in their home markets. The American Express Chinese Yuan Travelers Cheques can be encashed at more than 2,000 Bank of China branches and 1,600 partner hotels in China.

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PayPal Posts 35% Payment Volume Increase

Net total payment volume for the quarter was $21.3 billion, an increase of 35% year-over-year and 0% quarter-over-quarter. Global active registered accounts increased to 84.3 million, representing 15% growth for both year-over-year and quarter-over-quarter. During the first quarter, PayPal handled 337.0 million payments, a 2% increase over the prior quarter and up 33% from 1Q/09. Meanwhile, PayPal’s 1Q/10 transaction revenue rate increased to 3.59% from the prior quarter while the processing expense rate for the third quarter edged down slightly to 1.13% from the year ago rate of 1.16% and previous quarter’s 1.14%. The PayPal 90-day delinquency rate has hit a period low of 3.84% while net charge off rate dropped to 9.49% from the previous quarter’s 11.14%, but is up on the year ago period’s 8.95%. PayPal’s 1Q/10 net total payment volume increased thanks in part to its a deal with Facebook that allows users to select PayPal to buy virtual goods in the Facebook gift shop. Businesses around the world can also launch marketing campaigns on Facebook and pay with PayPal. For complete details on eBay/PayPal’s third quarter performance, visit CardData (www.carddata.com).

PAYPAL HISTORICAL
$VOLUME #ACCOUNTS
3Q/08: $14.8 billion 65.3 million
4Q/08: $16.0 billion 70.4 million
1Q/09: $15.9 billion 73.1 million
2Q/09: $16.7 billion 75.4 million
3Q/09: $17.7 billion 78.0 million
4Q/09: $21.4 billion 81.0 million
1Q/10: $21.3 billion 84.3 million
SOURCE: CardData (www.carddata.com)

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Fiserv Unveils 9 Aspects of Successful New Payment Products

Fiserv has released its research that focuses on nine characteristics that are the hallmarks of a successful new payments product.
Those traits include the following: The product must be completely electronic from initiation, to settlement,
to statements; must work everywhere, all the time; be intuitive, be secure to include two-factor authentication, end-to-end encryption,
firewalls and smart compartmentalization of data; be easy and informative; always be on and customizable.

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39% of SMBs, 25% of Consumers Seek m-Remote Deposit Capture

One in four of consumers and 39% of small businesses desire mobile
remote deposit capture, to allows an image of a check to
be deposited through a camera-equipped mobile phone. A niche product in
2010, small banks and credit unions are the first to offer mobile RDC to
identified trusted consumers as a way to retain customers and grow
without reliance on branches. Smartphones are a key factor in the adoption of
Mobile RDC, given consumers need access to the mobile web and the ability to
take a two-megapixel digital picture with their camera phone. This,
according to a new report from Javelin Strategy and Research, shows
mobile RDC can be an important element to stem customer
attrition or attract new customers without costly infrastructure;
more than one in four consumers who have been victims of ID
fraud has had their checking account number stolen. Financial institutions can
cut costs by offering the eight in ten of consumers who walked in to a
branch to make a deposit or withdraw cash in the last 90 days the
alternative to use their phone to make a deposit; about one in five of
smartphone owners use mobile banking on a daily basis – more than double
the rate for consumers who do not own a smartphone and four out of ten
tech-savvy consumers view mobile RDC technology as desirable.

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ViVOtech & TAGGO

NFC communication product provider ViVOtech’s loyalty, coupon, and prepaid software platform, and its ViVOpay 8000 series consumer payment devices will support Taggo’s membership card aggregator and storefront service. Taggo VARs can now use ViVOtech products to create new mobile marketing services for retailers. Customers join programs through Taggo’s SMS and web storefront, using a patent-pending one-step enrollment process that eliminates the need for membership forms. Taggo is marketed to retailers and other organizations through Value Added Resellers (VARs) that are leading providers of loyalty, membership, gift and prepaid card products and services. While providing a full control to consumers in making payments, ViVOpay 8000 products also feature built-in intelligent mLoyalty client software, enabling merchants to offer exciting new mobile marketing and loyalty programs to customers that have a Taggo account and a Taggo contactless sticker on their phone or in their wallet. All three of these products accept payments and loyalty information from mag-stripe and contactless cards, RF tags or stickers, as well as NFC-enabled mobile phones.

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HID Global Grows Its multiCLASS Family

Secure identity provider HID Global has added
to the versatile “multiCLASS” reader line that enhance
flexibility while accelerating the cost-effective, secure and truly
seamless migration from magnetic stripe (magstripe) and proximity card
technology to secure “iCLASS” contactless smart cards.
HID Global’s new offerings extend the company’s market-leading,
multi-technology “multiCLASS” product line, to include solutions that
provide a migration path from legacy magstripe and 125 kHz technologies
to higher security 13.56 MHz smart cards, with no operational
disruption. The new additions to the “multiCLASS” family include two
keypad models; the RMK40 which offers Magstripe to “iCLASS” migration, and
the RMPK40 for migration from Magstripe and Prox to “iCLASS”.
HID Global’s new “multiCLASS” products are now available from HID Global’s
network of distributors, OEMs, and system integrators worldwide. HID
Global will enhance its “multiCLASS” magstripe reader line with non-keypad
wall switch variants and FIPS 201 compliancy in July while offering
promotional pricing on keypad products during the months of April, May
and June.

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