FreedomPay Names Vice President, Technology

FreedomPay added Marc Pereira to its executive team as vice president of technology. With nearly 20 years of e-commerce and technology experience, Pereira will be responsible for overseeing, envisioning and maintaining the company’s technology infrastructure, which covers both the development process and the network infrastructure management operations. Marc will ensure that FreedomPay’s world-leading commerce platform is constructed using best practices in security, code optimization and scalability. Pereira joins FreedomPay after serving nearly 12 years in strategic executive roles at eBay Enterprises. Marc has led project teams in coordinating complex, concurrent product development initiatives, deployment and forecasting.

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JetPay Payment Services Names EVP, Sales

JetPay Payment Services Appointed Jeffrey S. Tourek as Executive Vice President and National Sales leader. Jeff comes to JetPay from Heartland Payment Systems where he was Executive Director for Major Accounts. JetPay Corporation is a nationally recognized payments processor for all major payment cards, with vertically integrated services for businesses that include prepaid debit cards, payroll services and related payroll tax filing, and human resource management. JetPay offers a unique blend of hi-tech transaction processing with customizable solutions for a wide swath of business needs. JetPay Payment Services’ technology platform handles all types of payment transactions including swiped cards at the merchant, mobile payments, and large internet card-not-present businesses.

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2Checkout Offers Instant Underwriting to Merchants

2Checkout now offers online retailers the ability to apply for their new merchant accounts online and be underwritten and approved instantly. No other bank or payments processor enables a merchant to start selling as quickly. A new merchant can go from application to live payment processing in seconds, versus the industry norm of weeks. 2Checkout is a global payments processor that lets online retailers accept credit cards, debit cards, PayPal, and recurring billing in 26 currencies and 15 languages. In addition to processing payments with PCI Level 1 compliance, 2Checkout also protects merchants by passing all transactions through their proprietary fraud review. 2Checkout also gives merchants options for hosted checkout, APIs for direct website integration, turnkey implementation with more than 100 shopping carts, and free mobile and tablet apps for monitoring and managing sales.

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Higher One Acheives Validated Oracle Integration

Higher One announced from the floor of the Alliance HEUG conference (booth 706) it has achieved Oracle Validated Integration of Higher One Payment Processing with Oracle’s PeopleSoft Campus Solutions 9.0. Higher One provides payment processing to campuses across the country. For institutions, these services can offer assurance that transactions will occur in real-time and within the strictest of security standards, all through a proven integration. To achieve Oracle Validated Integration, Oracle partners are required to meet a stringent set of requirements that are based on the needs and priorities of the customers. This proven strategy can assure institutions that they can rely on Higher One’s virtually seamless processing of payments made by students and parents, including online, on-campus, international and mobile payments.

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EMVCo Publishes Tokenisation Framework

EMV Payment Tokenisation Specification – Technical Framework v1.0 has been published by EMVCo. The technical document – which will be of interest to all industry participants including merchants, acquirers, card issuers and new payment entrants engaged in the mobile and digital secure payment ecosystem – is designed to allow market implementers to develop interoperable tokenisation solutions. EMVCo, which is collectively owned by American Express, Discover, JCB, MasterCard, UnionPay and Visa, announced that it would expand its scope to lead the payments industry in its work to standardise tokenisation in January 2014. The new specification will help provide the payments community with a consistent, secure and globally interoperable environment to make digital payments when using a mobile handset, tablet, personal computer or other smart device. This will encourage industry efficiencies and security enhancements for digital commerce. The new specification from EMVCo will maintain compatibility with the current payment infrastructure and will be complementary to the existing EMV Chip Specifications to ensure consistency across all payment environments. Moving forward, EMVCo will actively solicit Associate, Subscriber and public feedback to support enhancements and inclusion of additional use cases. The specification framework will evolve with industry input collected to broaden its applicability and relevance to marketplace needs.

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Nets Inks Banks to Extended Contract

A new agreement with the Danish Regional Bankers’ Association (RBF) and The Association of Local Banks, Savings Banks and Cooperative Banks in Denmark (LOPI) through their new umbrella company BOKIS A/S ensures that Nets will continue to handle international payment card services for the approximately 70 member banks until 2018. The agreement was signed and puts in place the framework and structure for future new agreements, thus ensuring expedient and flexible implementation of new services. These include a substantially improved fraud management system which is currently being implemented, and contactless international cards that will be issued on the Danish market during the summer.

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Western Union Expects to Deploy Pension Payment Service

Western Union announced the results of the trial of its Global Existence Transaction service, a new pension payments product that enables identity checks for overseas pensioners. Conducted in partnership with the London Pensions Fund Authority (LPFA), the trial resulted in savings of five per cent. Pensions administrators in the UK are required to verify the identity of pensioners that live abroad on an annual basis. Western Union Business Solutions’ Existence service helps administrators meet this requirement and enables them to send payments to overseas pensioners, requiring an annual in-person pick up at a local Western Union retail location. The five per cent figure represents the value of funds saved as a percentage of the total value of pensions that were included in the initial trial, which was conducted in 2013.

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Datacard Group Collaborates to Host EMV Seminars

Datacard Group continued its commitment to educate and consult financial institutions on EMV migration. The company, along with its partners – Visco (Cambodia) Joint Stock Co., Ltd in Cambodia and Omega Computer Corporation in Philippines – will conduct two half-day EMV seminars. Ideal for financial institutions that want to learn about the differences between magnetic stripe and EMV smart card technologies and best practices for EMV migration, the first seminar will take place on March 11th, 2014 in Phnom Penh, Cambodia and the second seminar will be on March 13th, 2014 in Manila, Philippines. Experts will discuss security concerns such as risk management, verification security, various types of smart cards and personalization options, as well as benefits and considerations during migration planning, implementation and post implementation.

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Ingenico and PayEx Partner on mPOS Payment Solutions

Ingenico completed a deal with PayEx to deliver a fully integrated mobile payment solution in the Nordics. In partnership with PayEx’s POS supplier, OpenSolution Nordic AB, Ingenico’s solution will make mobile, on-the-go payments possible. The solution targets the Nordic retail and transportation sectors, both of which have increasing requirements to complete payments on-the-move, and will increase the range of PayEx terminals in use across the Nordics. The iSMP-based solution turns an iPod® or iPhone® into a Chip & PIN PCI approved mobile payment solution, and enables the seller to receive secure payment on-site to boost cash-flow and deliver a more convenient service to customers.

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First Data Shows Weather Slows Consumer Spending

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data released its January SpendTrend analysis, compared to January 2013, tracking same-store POS data by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks from nearly four million U.S. merchant locations serviced by First Data. Dollar volume growth of 2.5% slowed from December’s 3.4% growth as severe winter…

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First Data Names CEO Chairman

First Data payment technology announced its Board of Directors has named Frank Bisignano chairman in addition to his role as CEO. Bisignano was named chief executive officer for First Data on April 29, 2013. Since then, he has moved to rapidly reposition the company from a traditional processing business to a product and technology solutions provider to merchants and financial institutions. Under Bisignano’s leadership, initiatives to focus on clients, increase operating efficiencies and bring innovation to the fast-paced payments industry have launched successfully. Bisignano also introduced an equity ownership plan that put stock in the hands of nearly all of First Data employees. In addition, under his leadership, the company unveiled the Clover™ Station, a transformational point-of-sale solution for small and medium sized businesses.

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BlueSnap upgrades its BuyNow e-commerce checkout page

BlueSnap upgraded its BuyNow hosted checkout pages enabling merchants to present a flexible, full-featured, PCI-compliant checkout page to shoppers in 180 countries without development expense or the need to commit company resources to meet PCI security standards. The new release features eye path-optimized page design, easy customization, A/B testing, mobile device support, and other enhancements to help merchants close more online sales.Online retailers that use BlueSnap’s hosted checkout pages have full access to all platform functions, including award-winning subscription management, coupon generation, catalog management and full support for both physical and digital goods as well as dynamic localization across 60 currencies, 29 languages and 110 payment methods.

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