GoNow Issued Patent for Mobile eWallets

GoNow Technologies has been granted a patent by the U.S. Patent and Trademark Office for two-way, secure, wireless communication between a smartphone or other computing device and a reprogrammable card with data storage in a fully encrypted, secure element on the GoNow Card. The value of a reprogrammable card, paired with an eWallet on a smartphone, has now been recognized as the key way to enable 100% acceptance of phone based eWallets. When paired with any eWallet application on a smartphone, a single reprogrammable GoNow Card can store more than 50 credit, debit, ATM, loyalty or gift cards. The user simply selects the payment or other card on the phone eWallet, or from a set already on the card, and the magstripe on the card is instantly programmed with the key data for the card selected. The GoNow Card can then be used at any traditional magstripe, Dip, ATM or other reader, with no changes necessary to current retailer terminals or back office systems.

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ReD and Alpha Payments Cloud Partner

ReD global fraud prevention and Alpha Payments Cloud payments solution partnered to support acquirers and merchants as they drive secure cross-border ecommerce growth. The partnership will make ReD’s highly regarded, real-time fraud prevention service, ReD Shield®, available to Alpha Payments Cloud clients across North America, Europe, Asia Pacific and Latin America, via the APC Product Hub.

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Canadian regulators propose new crowdfunding exemptions

The Autorité des marchés financiers (AMF), the Financial and Consumer Affairs Authority of Saskatchewan (FCAA), Financial and Consumer Service Commission of New Brunswick (FCNB), the Manitoba Securities Commission (MSC) and the Nova Scotia Securities Commission (NSSC) published for comment the Integrated Crowdfunding Prospectus Exemption (the Crowdfunding Exemption) and the Start-Up Crowdfunding Prospectus and Registration Exemption (the Start-Up Exemption). The proposed exemptions would, subject to certain conditions, allow both reporting and non-reporting issuers to raise money by distributing securities through internet portals. The Ontario Securities Commission (OSC) is also publishing the Crowdfunding Exemption for comment by way of a local notice and the British Columbia Securities Commission (BCSC) is also concurrently publishing a local notice soliciting comments on the Start-Up Exemption.

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Payza Available to Canadian Merchants

Payza online payment platforms for e-commerce, corporate disbursements and remittances formed a strategic relationship to provide credit and debit payment service to merchants based on fully-featured Payza as a Platform enterprise solution. The service offers highly competitive pricing, a wide range of supported payment methods, built-in security and fraud protection, strong merchant support, and a host of tools, features, and reporting options. The platform’s business payment module will enable businesses to accept major credit cards, with payments settled directly into their bank account. The recurring billing feature also has a variety of intervals and billing terms, and is created at a product level which allows for additional products to be added to the basic subscription. Unlike other payment processors and merchant accounts that charge monthly, gateway and other service fees on top of transaction fees, the Payza Merchant Gateway only charges for the processed transactions.

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MasterCard MasterPass Embarks on Latest Market

MasterPass digital payment solution from MasterCard is now available in Italy. Following its success in the US, Australia, Canada and the UK, MasterPass is now debuting in Italy thanks to MasterCard’s agreements with the country’s major banks and an increasing number of participating retailers. Over 3,500 of Italy’s leading brands and companies have recognised the new business opportunities e-commerce has to offer. With digital shopping becoming an increasingly multi-channel process in Italy, MasterPass is making online purchasing even faster, simpler and more secure. Having stored their name, card and shipping details when they sign up for the service, consumers no longer need to enter them at the checkout: they simply click or tap on the “Buy with MasterPass” button and enter their password to complete the payment. This kind of simplicity is fundamental to the growth of e-commerce, now a well-established phenomenon with 3.7 million Italians making at least 10 online purchases a year and a rise in online shopping using mobile devices.

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MasterCard Supports Greater Transparency in Payments

MasterCard today announced a new initiative to help smaller merchants create efficiencies in their operations by accepting electronic payments. The effort combines changes to the company’s U.S. region rules with best practices and insights developed from conversations with smaller merchants.
The new standards deliver greater transparency and value to smaller business owners. In the standard, acquirers and payment service providers are required to provide their customers with a clear and detailed disclosure of the fees they are charged, while also ensuring a minimum of 30 days’ notice before they modify any fees related to MasterCard transactions.

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hyperWALLET To Provide Prepaid Cards to Karrot

hyperWALLET® Systems Inc., a trusted global payments provider to top-tier organizations, today announced that Karrot has launched hyperWALLET’s branded prepaid card services to provide a unified payment solution for its loyalty and reward payment solutions. 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.

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Tsys Announces Latest Partnership Expansion

TSYS Merchant Solutions announced its partnership with Navy Federal Credit Union designed to provide Navy Federal’s merchant members with the ability to accept credit and debit cards as payments for their goods and services. TSYS Merchant Solutions, a wholly owned affiliate of TSYS (TSS), is ranked as the seventh largest merchant acquirer in the U.S. by number of active merchant outlets according to The Nilson Report. Navy Federal members will now have access to world-class payment acceptance and marketing solutions, including competitive comparison dashboards, mobile, tablet, e-commerce and retail point-of- sale solutions, along with 24/7 customer and technical support.

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Payoneer Payment Provider for Google Trusted Stores

Payoneer global payments announced Google has selected Payoneer as a payments provider for Google Trusted Stores. Payoneer will power the program’s customer payouts, providing bank transfer services that enable Google Trusted Stores to send payments to people in many countries where it currently operates. The Google Trusted Stores program helps customers identify merchants they can trust online. Google stands behind the merchants that have earned the Trusted Store badge with a $1,000 lifetime purchase protection for shoppers. Payoneer was selected to deliver purchase protection consumer payouts in select countries where Google Trusted Stores operates.

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Alcinéo and ASK Partner on Contactless Cards

Alcinéo and ASK are pleased to announce their partnership to provide contactless payment solutions for fare collection systems. Alcinéo will provide its contactless payment suite that covers the main payment scheme such as PayWave of Visa, PayPass 3.0 released by MasterCard or ExpressPay 3.0 for American Express. Additionnally, this payment suite comes with en Entry Point layer fully compliant with the modular architecture requested by EMVCo. Alcinéo payment suite has already gone through several certifications process successfully.

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Cardlytics Releases Purchase Data on Customer Loyalty

Cardlytics announced the release of its latest white paper: “Understanding True Loyalty – Gaining Insight into Customer Loyalty Based on Whole-Wallet Spend.” This white paper goes into detail on what makes a customer truly loyal and how marketers can more accurately communicate with this important group using Whole-Wallet Analytics. This white paper compares consumer spending within categories to test the predominant theory that a retailer’s most frequent customers are their most loyal customers. Through relationships with nearly 400 banks in the US and the UK, Cardlytics utilizes their patented Cardlytics Automated Transaction System (CATS) to analyze the purchase behavior of consumers within and across categories and geographies. The analysis demonstrated that frequency should not be the only determining factor when identifying an organization’s most loyal patrons.

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Dovetail Names Sales, Account management

Dovetail, a leading provider of next generation enterprise banking solutions, announces the appointment of Sean Conboy, Head of Sales and Account Management for the UK and Africa. Sean joins Dovetail after seven years at Pegasystems, where he was responsible for selling complex software solutions to Financial Institutions. With over 20 years’ experience working with leading Financial Institutions, Sean will be responsible for leading the expansion of Dovetail in the UK and new markets in Africa.

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