Prepaid buyers are increasingly younger: 2 in 3 young adults (aged 18-34) surveyed bought prepaid cards, up from 3 in 5 surveyed in 2013. And they are increasingly mobile enabled, as nearly 2 in 3 smartphone owners, 3 in 4 smartphone and tablet owners, and 9 in 10 adults who have paid for goods and services by mobile phone have bought prepaid cards within the previous year.Details
UL is pleased to introduce a new test solution that was developed together with 7Layers, for handset manufacturers and conformance test laboratories, who want to test and verify the implementation of UICC-based NFC functionality in mobile devices.
The GSMA has produced technical core requirements (TS.26 NFC Handset API & requirements) and related test cases (TS.27 NFC Test book) for testing the UICC based NFC functionality in mobile devices. GCF and PTCRB have added these GSMA test requirements into their respective certification programs. Therefore, and among other mandatory requirements, mobile manufacturers must pass these GSMA test cases using officially accredited test laboratories under these certification schemes. In order for handset manufacturers to test the behavior of their NFC device, under the conditions defined in the GSMA test cases, and to verify its compliance with the specific GCF/PTCRB certification requirements, UL and 7Layers have developed automated test platforms, that are officially validated by GCF and PTCRB.
Experian Data Breach Resolution has enhanced its “ProtectMyID” active fraud surveillance and identity theft resolution solution. Partnering BillGuard card fraud monitoring mobile application, Experian makes available the “ProtectMyID” comprehensive solution for protecting exposure of Social Security numbers and payment card numbers. Members of Experian’s ProtectMyID can now download the BillGuard mobile app and access both their ProtectMyID alerts and BillGuard features within the BillGuard mobile app.Details
Visa Europe reports there are more than 100 million contactless Visa cards, as are 1.8 million Visa terminals as of end-of-year 2014. Hundreds of big-name merchants are rolling-out contactless and annual transaction volumes exceeded 460 million which is 263% higher than the previous year and the value of those transactions is 283% higher than the previous year.Details
Synchrony Financial (f/k/a GE Capital Retail Finance) posted a 19.9% surge in fourth quarter (Q4/14) profits to $531 million, but slipped slightly from the prior quarter. Period-end loan receivables growth for the retail payment card giant remained strong at 7%, driven by purchase volume and average active account growth.Details
A first-of-its-kind study on Western Union sheds new light on the positive impact of cross-border money transfer broadly and of its services in particular. For example, each Western Union Agent location in the Philippines handles transactions that infuse enough funds into the local economy to create 85 non-Western Union jobs.Details
Emerging Greenlight Planet unveils the Sun King Eco Easy Buy, a pay-as-you-go platform that enables customers to purchase Sun King Eco solar lamps in staggered 10-week installments. Greenlight Planet has sold over 3 million Sun King solar lamps, has 11 offices globally, over 700 full-time employees and 6,000 Sun King micro-entrepreneurs.Details