ACI Announces Latest Encryption Client

ACI Worldwide announced that Ecentric Payment Systems is utilizing ACI’s Point to Point Encryption (P2PE) solution to provide a more secure path for consumer transactions initiated at many of the largest retailers in Africa.
P2PE is an emerging encryption technique in the payments industry that protects sensitive cardholder data in transit”as it is transmitted from a merchant’s store to its acquiring bank. Ecentric processes nearly 400 million transactions per year for retailers, and as more African markets develop and mature and South African retailers expand into other countries across the Continent, this number is quickly increasing. A long-standing ACI customer, Ecentric has broadened this relationship and is relying on ACI’s P2PE solution to protect sensitive cardholder data across its customer base.

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NTT Communications Payment Solutions Help Merchants Maximise e-Commerce

NTT Communications announced the introduction of its payment solutions to help merchants expand their reach and gain access to the global e-Commerce market’s vast potential. The solutions lower the barriers of entry for merchants, allowing rapid access to high-growth e-Commerce markets such as China.Developed by NTT Com Asia, the company’s East Asia Headquarters, the payment solutions leverage the group’s global presence and strengths in technology and IT infrastructure, providing comprehensive solutions for all online payment needs. A single, simple integration gives access to multiple acquirers and payment methods around the world, allowing merchants to quickly expand their business reach. With the company’s proven China payment solution, overseas merchants can conduct cross-border e-Commerce in Reminbi and take advantage of the market’s e-Commerce boom. As a consolidated payment solution, merchants can manage the entire payment value-chain through a single point of contact and simple, one-time integration.

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AIB Merchant Services& China UnionPay Ink Card Acceptance

AIB Merchant Services became the first Irish merchant acquirer to add the Chinese card UnionPay to its list of available card schemes, which will provide Irish businesses and retailers the ability to accept transactions made using UnionPay debit and credit cards. Acceptance of the Chinese UnionPay card will enable Irish businesses to tap into the immense spending power of Chinese visitors to Ireland. Currently there are almost as many UnionPay cards globally in circulation as the two leading payment cards combined and UnionPay is projected to grow 51 per cent by 2017. AIBMS believes Irish merchants are poised to increase business from the Chinese tourist trade.

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Bluebird Gets Financial Management Tools

American Express this morning announced it will add free personal financial management tools to American Express Serve1 and Bluebird starting this summer. These tools help customers monitor their spending by automatically sorting transactions into categories such as bills, food, fun, shopping and transportation so they can easily track where their money is going. When customers log in to their Serve and Bluebird accounts, they will also be able to create budgets, set spending limits and alerts, as well as set and track financial goals.

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BofA Merchant Canadian Services

Bank of America Merchant Services, the No. 1-rated electronic payments processor in the United States1, announced today the creation of the company’s new Canadian merchant services operation. Based in Toronto, the organization will provide a full suite of products and services – ranging from payments and commerce to security and advice — to both existing domestic U.S. customers currently doing business in Canada, and new Canadian market customers. The new Canadian subsidiary already has relationships with all major Canadian credit and debit card processing networks.

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PayCube Focuses on mPayment Channel

PayCube has been building core payment processing platforms for the retail-payments community and participated in various custom software development projects for its customers beyond traditional core payment backend systems. PayCube has participated in the design, development and support of mobile payments by extending core enterprise payment, loyalty and promotion stacks to the mobile channel. PayCube has built cross platform apps using frameworks such as PhoneGap, Sencha Touch, JQuery mobile, jQT etc. that are based on HTML5 user interface systems for mobile payments development for its customers. Projects include extending core gateway and card acquiring / processing capability on mobile phones (Android, Apple and Windows) and cross linking loyalty and real-time promotions and couponing capabilities. Some of the feature sets supported by the apps developed by PayCube include LBS (Location based services), user credentials wrapped as QR code, integration with encrypted card readers using audio jack, communicating with 3rd party integrated POS systems like MICROS.

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FIS and MasterCard Speed U.S. EMV Adoption

FIS banking and payments technology, its NYCE® Payments Network and MasterCard announced a licensing agreement that will make MasterCard’s EMV debit solution available to all NYCE participants. EMV chip card adoption is a common goal of the U.S. payments industry, designed to increase card transaction security and decrease card-based fraud. This agreement provides all NYCE Network participants with an EMV license with respect to MasterCard products and continues the advancement toward a secure payment environment. This agreement permits FIS to offer a MasterCard-NYCE solution to all NYCE participants, bringing full EMV deployment across the U.S. another step closer.

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IKaaz Cloud Based Payments

Following a successful entry into the Nigerian market with contactless mobile payments, Bangalore based iKaaz is now ready to offer its popular NFC and bluetooth powered cloud based payments platform to consumers in Kenya. Announcing a strategic alliance with Family Bank, one of Kenya’s leading banks, iKaaz along with its local partner EDGE financial systems will bring the revolutionary Tap & Pay solution to Family Bank’s customers. Family Bank customers can now expect to move faster through checkout at retail stores as well as be able to use the same payment tags to pay at transportation check points.

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NYCE Agrees With MC EMV Debit

FIS the world’s largest provider of banking and payments technology, its NYCE® Payments Network and MasterCard today announced a licensing agreement that will make MasterCard’s EMV debit solution available to all NYCE participants. EMV chip card adoption is a common goal of the U.S. payments industry, designed to increase card transaction security and decrease card-based fraud. This agreement provides all NYCE Network participants with an EMV license with respect to MasterCard products and continues the advancement toward a secure payment environment.

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