Oink announced that it has partnered with Plinga GmbH to provide a safe, seamless payment technology for their social games. Plinga’s 15 currently published titles are played by more than 30 million users per month, in 16 different languages, and on more than 2,000 social networks and web portals around the globe. Oink is a mobile-first payment technology designed to allow retailers and game publishers to reach consumers in a safe, legal and effective manner compliant with the FTC and other international regulations. The award-winning technology serves as a digital family wallet that is available online or via mobile and allows safe, secure transactions – and can be enhanced with parental controls.Details
SmartMetric expects that its motions which it has brought in its patent infringement law suit against both Visa and MasterCard to be heard by the US Federal Circuit Court this coming May.
If, as expected, the Court’s hearing is held in May, then a ruling can be reasonably expected by June 2014. SmartMetric is asking the Federal Circuit Court to make a ruling on its motions before the Court that both defendants, Visa and MasterCard are in control of the EMV technology used on the new chip credit and debit cards and therefore are liable as patent infringing parties. In representations to the court Visa and MasterCard have denied they “control” the offending technology therefore should not be held liable. SmartMetric believes this to be a preposterous position of the card company’s especially in the light that both company’s expert witnesses under oath in deposition have acknowledged that Visa and Mastercard do control the technology.
Consumers in Brazil have more options when they send and receive money transfers thanks to an agreement with MoneyGram and São Paulo, Brazil-based Confidence Câmbio. Customers can now use MoneyGram services at 69 Confidence Câmbio stores across the country. Confidence Câmbio is a well-known company with a presence in many of the largest cities in Brazil. It is part of Confidence Group which also owns the first foreign exchange bank in this country. Group Confidence is part of Travelex – the largest foreign exchange group in the world.Details
MasterCard launched MasterPass, its cutting edge digital service in China, enabling Chinese consumers to be the first in Asia to experience a simpler, quicker and more secure way to shop online and overseas, at thousands of MasterPass-accepting online retailers. China Construction Bank, with the largest cardholder base in the country, will be the first issuer to leverage the MasterPass platform to enable its digital wallet, LongPass. MasterPass enables consumers to make online payments in a comfortable, fast and safe way as they can conveniently and securely store their MasterCard and other branded credit, debit and prepaid card information, shipping details and more, simplifying the process of completing a transaction from any connected device including PCs, tablets and smartphones.Details
GlobalPlatform has qualified the Collis Compliance Test Suite for GlobalPlatform Common Implementation Configuration for Amendment D and E. The Collis Compliance Test Suite for GlobalPlatform Common Implementation Configuration implements the official test plan developed for the GlobalPlatform Compliance Program. The test suite ensures the compliance of the core features of a card that implements GlobalPlatform Card version 2.2.1 technology. This includes the enhanced security options from Amendments D and E. This test suite has achieved qualified status under the GlobalPlatform Compliance Program. GlobalPlatform has extended its compliance program to provide a formal framework that enables the creation and qualification of test tools that can now be used to confirm the compliance of a card product to the association’s Card Specification and different configurations.Details
Western Union global payment services launched its mobile money transfer service to Nigeria, which increases the reach of Western Union payout options in the country. The new service to Nigeria integrates directly with Paga, the leading mobile payment platform in Nigeria, with more than 1.2 million users. Paga users now have the option of receiving a Western Union Money Transfer® transaction directly into their Paga account. Using Paga’s multi-channel platform, consumers can withdraw the money by sending it to a bank account, withdrawing from an ATM, or through Paga’s network of over 4,000 agents in Nigeria. Consumers can also choose to pick-up their funds at participating Western Union® Agent locations across the country.Details
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Leading Economic Index® (LEI) for the U.S. was up 0.5% in February to 99.8 after a 0.1% increase in January and a 0.1% drop in December. The LEI increased sharply in February, compared to recent monthly figures, suggesting weather-related stifling is over and consumer spending in 2H/14 will…Details
An automated teller machine (ATM) with no card reader. Pre-staged withdrawals on smartphones. Cardless transactions. And everything managed via the cloud. A new era of banking, inspired by the Millennial generation, is dawning at Diebold Federal Credit Union (DFCU), where an innovative ATM from Diebold, Incorporated and a mobile wallet solution are allowing members to complete self-service transactions and make retail purchases without using physical debit or credit cards. DFCU is piloting the world’s first ATM without a card reader or PIN pad that relies solely on mobile authentication. When a consumer scans a unique QR code at the ATM using a smartphone, the ATM authenticates the user via cloud-hosted services to enable secure, cardless transactions.Details
Online identity proofing service miiCard today announced a cooperation with eMerchantPay, a trusted international payment processor, to offer its merchants a secure, compliant payment processing platform in combination with the miiCard service that eliminates payment fraud and enables higher value transactions. miiCard’s patented identity verification solution, enables merchants around the world to conduct high value transactions purely online while eliminating identity-related chargebacks and Card Not Present fraud. As a consumer-driven identity service, miiCard provides a seamless, real-time verification experience before the payment process that establishes the customer’s identity to the same level as an in-person photo ID check.Details
HyperWallet global payments provider announced Karrot launched branded prepaid card services for a unified payment solution for its loyalty and reward payment solutions. Karrot provides online loyalty and reward program solutions for a wide variety of companies. With a deep understanding about the impact of motivation, Karrot builds loyalty programs that promote the desired behavior and foster strong, long term relationships. hyperWALLET’s branded prepaid card program will provide Karrot with a streamlined payment solution in USA and Canada that allows earned loyalty funds to be made available to recipients instantly in local currency onto prepaid cards that can be used at ATMs, point of sale, or online.Details
Comtrex Systems EPOS partnered Eagle Eye digital consumer engagement solutions. Eagle Eye AIR allows merchants to easily connect with potential and existing customers to deliver relevant offers, rewards and services that can be redeemed securely through any POS. Following a successful engagement supporting the Tesco Clubcard Boost programme with high street brands such as Zizzi, Prezzo and Ask, the EPOS provider expanded the Eagle Eye AIR platform into all existing points of sale. Based on the results of current merchants using this programme, switching from paper to digital vouchers will see a quick ROI including a reduction in operational costs, the elimination of fraud and an improved customer experience. The platform enables real time validation providing merchants with improved insights into consumer activity which can be used in future digital marketing campaigns to personalise offers.Details
CardinalCommerce remote commerce received new intellectual property protection with regard to technology that expands its Universal Merchant Platform invention, related to its tokenization technology, in the form of patent US 8,645,266 B2. The United States Patent and Trademark Office (USPTO) awarded Cardinal the patent on February 4, 2014. Cardinal’s Universal Merchant Platform technology includes a system for securely processing Consumer Authentication for applications including eCommerce. The company’s patents on the invention date back to 2002. The new patent provides further and strengthened protection for Cardinal’s tokenization technology within the Cardinal Centinel® platform.Details