Mashreq Announces NFC Stickers

Mashreq pioneers its Tap n Go NFC Sticker solution and is set to redefine the world of mobile payments. The Tap n Go Sticker makes low-value purchases exceedingly simple by converting any mobile phone of any generation into a credit card that can then be used to make contactless payments at thousands of retail outlets in the UAE and abroad.The Sticker is powered by the latest NFC technology that helps it to communicate wirelessly and securely with payment terminals, allowing transactions to be processed instantly. Existing Mashreq credit card customers can easily apply for the Tap n Go Sticker through MashreqOnline or the 24X7 Direct Banking Centre while new to Mashreq customers can get their Stickers just by applying for a Mashreq credit card.

Details

Fime helps Indian banks move to chip and PIN

Fime, is helping Indian banks to reduce time to market for EMV readers and chip enabled debit/credit cards when seeking the MasterCard Terminal Integration Process (M-TIP) service by streamlining its processes and offering. The MasterCard chip testing processes are mandated to qualify that banks and financial institutions align to its requirements before chip products are deployed in the market. FIME, an independent service provider accredited to provide formal approval for MasterCard M/Chip™ services, has refined its offering to ensure the M-TIP service can be delivered quickly and efficiently to acquiring organisations in India. FIME’s SAVVI analysis test tool, along with test cards qualified by MasterCard, enables acquirers to debug and test the compliance of a contact, contactless and mobile payment acceptance terminal in preparation of formal MasterCard approval prior to market implementation.

Details

Ixaris Announces Payments App Store

Ixaris virtual prepaid cards now lets banks and other financial institutions select and customize payments solutions in an ‘app store’ environment before deploying them to their customers. Ixaris’ app store approach promises to empower business decision makers when it comes to product development by liberating them from the perennial constraints of limited IT resource at financial institutions. Through open payments platform Ixaris Payments Server, non-technical staff at banks can configure or even combine the functionality of a wide range of payment services into business payment solutions without the need for IT expertise. This enables banks to develop new revenue streams by quickly bringing to market new payments programmes. Ixaris Payments Server comes with a collection of market-tested, PCI-compliant payment applications for consumers and businesses – both corporate and SME – which meet common payments needs. Solutions include corporate and SME purchasing, travel and expenses, incentives and rewards, consumer e-commerce, gifting, remittance, disbursement and payroll.

Details

Powa Embarks on New Market with Teller Partnership

Powa Technologies has partnered Teller card payment acquirer, to introduce PowaTag payment technology to Teller’s client base of 94,000 merchants operating in more than 20 European countries.More than 385 global brands including Electrolux, Carrefour and Universal Music have adopted the Powa solution to improve their customers’ purchasing experiences. Powa attracted international attention when it received a world record $96.7 million in a Series A funding round, in recognition of its potential to become a dominant force in the mobile payment solutions sector. PowaTag is being described by many industry experts as a game changer; by combining capabilities which include instant mobile commerce and Bluetooth geo-location, it allows customers to make payments with a click of their smartphones, via printed tags, printed media, billboards and even TV and radio broadcasts.

Details

Amazon’s Phone Payments

Amazon today unveiled Fire, the first smartphone designed by Amazon. Fire is the only smartphone with Dynamic Perspective and Firefly, two new breakthrough technologies that allow you to see and interact with the world through a whole new lens. Dynamic Perspective uses a new sensor system to respond to the way you hold, view, and move Fire, enabling experiences not possible on other smartphones. Firefly quickly recognizes things in the real world”web and email addresses, phone numbers, QR and bar codes, movies, music, and millions of products, and lets you take action in seconds”all with the simple press of the Firefly button.

Details

Amazon’s Phone Payments

Amazon today unveiled Fire, the first smartphone designed by Amazon. Fire is the only smartphone with Dynamic Perspective and Firefly, two new breakthrough technologies that allow you to see and interact with the world through a whole new lens. Dynamic Perspective uses a new sensor system to respond to the way you hold, view, and move Fire, enabling experiences not possible on other smartphones. Firefly quickly recognizes things in the real world”web and email addresses, phone numbers, QR and bar codes, movies, music, and millions of products, and lets you take action in seconds”all with the simple press of the Firefly button.

Details

Contactless Payments

New research shows the number of consumers making contactless payments via their mobile handsets would reach 300 million globally by 2017, up from just over 110 million last year. 
The Juniper Research report found that many markets were being seeded for mobile contactless adoption by accelerated rollout of contactless cards. These rollouts were being accompanied by marked increases in contactless POS (Point of Sale) terminals, with vendors VeriFone and Ingenico both now shipping the majority of their terminals with NFC (Near Field Communications) as standard.

Details

PAYD PRO

Moneris Solutions Corporation, releases PAYD PRO™, the first and only smartphone-based mobile point-of-sale (“mPOS”) solution in Canada to accept both Interac Debit and credit card payments. PAYD PRO is also the first mPOS product to include EMV® Chip & PIN and contactless payment technology. This revolutionary solution allows merchants to process payments securely, anywhere they do business.

Details

SimplyTapp Announces Newest Board Member

SimplyTapp Host Card Emulation (HCE) solutions for mobile payments announced Mohammad Khan has been named to its Board of Directors. Mohammad Khan co-founded ViVOtech in 2001, the early leader in contactless and Near Field Communication (NFC) mobile payments. As its President and Board Member, Khan paved the road for mobile payments by shipping more than one million NFC POS terminals to a wide variety of brand name merchants around the world. Khan and the team also ran multiple successful field trials globally for mobile payments, offers, and loyalty programs confirming to the industry that consumers liked using their mobile devices to shop, save and pay at physical stores. Prior to ViVotech, Khan worked at VeriFone for 15 years joining in its infancy days, and contributed in making magnetic stripe and smart cards to be the leading payment medias for the industry globally.

Details

net mobile Enables Google Mobile Payment

With Telefonica O2 UK and its over 23 million customers, again one of the largest European mobile network operators has placed its confidence in net mobile AG’s (net-m) expertise in the area of mobile payment services. net-m’s unique payment architecture enables the flexible and cost-effective integration of existing pay-interfaces of mobile network operators with Google’s Play Store, one of the leading app stores worldwide.

Details