Gemalto Provides Secure Solution To Knab

Gemalto is delivering a comprehensive suite of banking solutions to Knab, a dynamic online-only retail bank in the Netherlands. Drawing on Gemalto’s comprehensive solution for banks, Knab can enjoy the benefits of having a single solution partner for the authentication server, the software development kit, the EMV payment cards and card readers and the related fulfillment services, all of which form an integral part of delivering secure consumer banking services online and on mobile. Gemalto provides the Ezio eBanking Server, a dedicated back-end authentication solution for protecting online banking operations, along with the Ezio Mobile Software Development Kit (SDK) to secure Knab’s mobile banking app. In addition, each new subscriber gets a Knab debit card, combined with a portable EMV smartcard reader that verifies card holder identity and protects online transactions with EMV level security. Based on Gemalto’s Clarista range, these payment cards and readers form part of the ‘connection kit’ that Knab issues to all new account holders, that is packaged and shipped by Gemalto from its personalization center direct to end users.

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OTPay Integrates with MasterPass

MasterCard and OTP Bank Hungary announced the introduction of OTPay, the first digital wallet in Europe to leverage the application programming interface (API) of MasterPass™. This application is customized to the unique needs of the OTPay customer, making the online use of payment cards easier and more comfortable for cardholders. OTPay will provide consumers a new way to pay online, as well as creating options for bill payment, prepaid top up and person to person transactions. The OTPay mobile application will be available for download not only for OTP Bank customers, but for clients of other banks too. The application will allow cardholders to shop and pay at over 30,000 MasterPass™ accepting merchants around the world. The application was developed by Cellum, the Hungarian company group known for delivering mobile payment solutions with banking-grade security, also a developer of a MasterCard® Mobile solution, which has been running for more than two years.

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NRF Welcomes Chase PIN and Chip Announcement

The National Retail Federation issued the following statement from President and CEO Matthew Shay in response to the announcement by JPMorgan Chase & Co. that the bank will issue its Europay MasterCard Visa credit cards as PIN and Chip cards. NRF retail trade association represents discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. NRF’s This is Retail campaign highlights the industry’s opportunities for life-long careers, how retailers strengthen communities, and the critical role that retail plays in driving innovation.

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Square Acquires BookFresh Merchant Solutions

Sellers use Square to manage POS with Square Register, run loyalty programs and promotions for customers, and access important analytics that help them make better business decisions. Now they have added resources thanks to the Square acquisition of Bookfresh POS merchant solutions. The BookFresh team remains dedicated to maintaining and improving the product. For Square merchants, the Company will continue to advance easy-to-use commerce for dynamic customer experiences.

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Dash Mobile Raises $1.2 Million and Releases iOS 7 Update

Dash, a mobile payment platform for restaurants, bars, and clubs, that allows patrons to check-in, view, split, and pay their tab from the Pay with Dash smartphone app, announces today that it has raised $1.2 million in a Seed-2 round, bringing its total seed fundraise to $1.9 million. Existing investors including New York Angels, Caerus Ventures and Jonathan Segal, Founder and CEO of The ONE Group, participated in this round, with new investment from Mike Germano, CEO of Carrot Creative. Coinciding with the new fundraise, Dash also released today a iOS 7 update for the Pay with Dash app that incorporates location-aware BLE to automatically check-in patrons as they walk into a venue. Additionally, a stored credit system allows both Pay with Dash users and venues to pay with and offer credit that can be used towards any Dash tab.

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Beijing Unionpay Card Technology joins GlobalPlatform

Beijing Unionpay Card Technology joined GlobalPlatform as a Participating Member. BCTC will make participation in the GlobalPlatform compliance program a priority, in order to work towards becoming a recognized GlobalPlatform testing laboratory. The program – through its approved laboratories, qualified test tools and established testing infrastructure – standardizes the management of applications on secure chip technology and seeks to ensure the advancement and maintenance of an interoperable, sustainable and trusted end-to-end environment for managing applications on secure chip technology. BCTC will have representation in GlobalPlatform’s Card Committee and will also contribute to all aspects of GlobalPlatform’s market specific task forces. The aim of the Card Committee is to define industry and technology-neutral specifications for the secure, interoperable deployment and management of multiple embedded applications on secure chip technology.

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Knab Deploys Gemalto Ezio Banking Server and SDK mCommerce

Gemalto is delivering a comprehensive suite of banking solutions to Knab online-only retail bank. Drawing on Gemalto’s comprehensive solution for banks, Knab can enjoy the benefits of having a single solution partner for the authentication server, the software development kit, the EMV payment cards and card readers and the related fulfillment services, all of which form an integral part of delivering secure consumer banking services online and on mobile. Gemalto provides the Ezio eBanking Server back-end authentication solution for protecting online banking operations, along with the Ezio Mobile Software Development Kit (SDK) to secure Knab’s mobile banking app. In addition, each new subscriber gets a Knab debit card, combined with a portable EMV smartcard reader that verifies card holder identity and protects online transactions with EMV level security. Based on Gemalto’s Clarista range, these payment cards and readers form part of the ‘connection kit’ that Knab issues to all new account holders, that is packaged and shipped by Gemalto from its personalization center direct to end users.

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Visa and First Data Announce EMV Partnership

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa and First Data’s STAR® Network announced an agreement to share Visa’s common debit solution offering issuers, acquirers and merchants a streamlined and cost-effective approach for debit EMV chip adoption. EMV cards contain an embedded computer processor or a chip that generates a one-time code for each transaction making it nearly…

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Chase Liquid to Adopt New Disclosure Box

Chase today unveiled a new simple and clear disclosure form for its Chase Liquid® prepaid card. Chase is the first prepaid provider to adopt a new model disclosure box released today by Pew Charitable Trusts. The new disclosure form allows customers to plainly see a description of fees and when deposits are available in a simple, easy to read format. The new prepaid disclosure form builds on Pew’s success in creating a model simple disclosure form for checking accounts. In December 2011, Chase worked with Pew to develop a revised summary guide for Chase Total Checking that made its terms and conditions easier to understand for consumers.

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AnywhereCommerce upgrades Rambler mPayment

AnywhereCommerce launched its latest version of its mpayment acceptance device, “Rambler 3.0.” Engineered with increased flexibility to work with most smart phone and tablet cases, the “Rambler 3.0.” transforms smartphones and tablets into full-featured, highly secure mPOS, enabling secure and reliable acceptance of magnetic stripe card payments. Supporting multiple card-present magstripe payment methods, including debit, credit, gift and loyalty card transactions, Rambler 3.0 is a cost-effective solution for nearly any card acceptance need. This third-generation release of the product includes a redesigned form factor featuring flexible clip-arms for a surer, more snug and secure fit when attached to a smartphone or tablet.

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NXP Offers mPayment Platform Support

NXP Semiconductors announced its NFC controller, PN547, is successfully integrated with Google’s latest version of the Android 4.4 operating system, ‘KitKat’. Android 4.4 now offers new platform support for NFC-based transactions through host-card emulation (HCE), allowing Android smartphone owners to use their phones to initiate a wide range of mobile applications, including payments, loyalty programs, card access, transit passes and other customized services. Support for Android 4.4 and HCE allows more consumers to experience the potential of NFC and will further expand the ecosystem. NXP has successfully demonstrated and validated multi-Secure Element (embedded SE, UICC based SE and HCE) performance on its leading NFC controllers to facilitate OEM adoption and integration. PN547 improved RF performance, easing EMVCo and NFC Forum certifications while using smaller antenna size and lowering overall solution bill of materials.

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PAYe Network introduces US ATM cardless network

PAYe Network announced the launch of its USA network at the ATMIA Conference 2014: Reinventing the ATM. PAYe Network is the world’s first universal ATM ‘Pay-In-Pay-Out’ global cardless network with over 1 million cash-access-points with built-in interoperability to existing financial networks and full regulatory compliance. PAYe transactions can be initiated with or without a card by utilizing state-of-the-art virtual tokenization technology and patent pending systems and methods. PAYe identified a problem in the current payments system and has developed a unique solution. The problem is that ATM networks only allow for bank issued debit and credit card transactions.

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