ElectraCard Platform Announces Latest Payment Suite Upgrade

ElectraCard Services (ECS) announced Acleda Bank upgraded to its electra iTx series payment suite. ECS played a very crucial role and provided ACLEDA Bank Plc. with a flexible and scalable platform that empowered them to expand and differentiate their offerings. The Bank anticipates their customer acquisition to double over the next five years, adding to their existing one million account holders. With the new payments processing system – electra iTx series, ACLEDA Bank Plc. will be able to rapidly expand its ATM network, start UPI, MasterCard and JCB issuance and acquiring along with existing VISA connectivity, and adding new delivery channels, BNAs and kiosks. The electra iTx series platform is a next generation PA-DSS certified secure transaction platform, built from the ground-up on open standards and industry best-practices to support a service oriented architecture (SOA) that is fast becoming the technology backbone of today’s leading organizations.

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Equinox Payments Partners Infinite to Offer miOS Payment

Equinox partnered with Infinite Peripherals mPOS devices to offer a mobile payment solution that is compatible with Apple iOS by integrating IPC’s Linea Pro™ for the iPod touch® or iPhone®, or the Infinea Tab® for the iPad®. Empowering Apple handheld devices with a barcode scanner and a magnetic stripe reader, both the Linea Pro and Infinea Tab work with custom software to create a mobile system for POS, as well as inventory management, asset tracking, ID verification and lead tracking. To date, IPC has deployed more than 300,000 of its mobile POS devices nationwide. IPC will be able to offer its customers remote key injection capabilities on its POS-related devices, utilizing the Equinox Remote Key Injection (RKI) platform and thereby maximizing convenience, efficiency and cost-effectiveness.

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NFC and SIG Form Relationship

The NFC Forum and the Bluetooth Special Interest Group (SIG) announced the signing of a Memorandum of Understanding that will enable the two organizations to work more closely together, via a formal liaison relationship. The NFC Forum and the Bluetooth SIG have collaborated previously, most recently in the creation of a developers’ guide entitled “Bluetooth Secure Simple Pairing Using NFC,” which was jointly published as an Application Document available to the public. Under the new agreement, the two organizations will work together to update and maintain the Application Document to accommodate Bluetooth Smart products using the Low Energy feature of the Bluetooth specification.

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MasterCard Joins Smart Cities Council

Smart Cities coalition to advance smart city development and innovation partnered MasterCard for a turning point in the development of innovative digital transaction processing platforms for city government, businesses and citizens. MasterCard will work with the Council’s advisors and members to provide cities with better, safer and more secure payment methods. Technology has been the single largest change agent in the ongoing transformation of the finance function. Electronic payment processing has increased convenience, security and transparency, and has contributed to reduce administrative costs. MasterCard will also contribute to the Smart Cities Council Readiness Guide to improve the livability, workability and sustainability of the world’s cities. The Readiness Guide is a collaborative and comprehensive resource that provides a step-by-step roadmap, vendor-neutral technology recommendations, evaluations and case studies for smart city development.

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Deezer Partners Boku on Operator Billing

Boku direct operator billing mobile payments partnered Deezer global music service with more than 10 million monthly users around the world to bring a new and easier way to subscribe to Deezer’s music streaming service. This partnership appeals to subscribers on all mobile operators in Germany. With this partnership, Deezer offers music fans in Germany the ability to subscribe to Deezer’s Premium and Premium+ offer using their mobile phone. Subscribers will then be charged on a recurring monthly basis directly on their mobile phone bill.

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SASSA MasterCard Debit Card Promotes Financial Inclusion

Following the 10 million South Africa Social Security Agency (SASSA) MasterCard Debit card milestone announcement, an independent consumer survey has attributed this program as being one of the largest contributors to increasing financial inclusion in South Africa. According to FinScope South Africa 2013, South Africa’s banked population has grown 8% since 2012, with 75% (27.4 million) of the adult population now banked. The survey says the roll out of the South African Social Security Agency (SASSA) MasterCard Debit cards contributed 1.9 million people to the banked population in 2013. The SASSA Debit MasterCard card can be used anywhere MasterCard is accepted. Recipients can also withdraw cash at any ATM, which does however attract transaction charges. The South African Government challenged the financial sector to achieve financial inclusion of 70% in the country by 2013, with a target of 90% set for 2030.

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YESpay Partners PMC on mPayment Solution

YESpay and retail technology specialist PMC announced a strategic partnership aimed at delivering mobile solutions to retailers that require secure, PCI-compliant payments. With YESpay mobile payments solution built-in, PMC will ship its recently announced Store Enabler mobile solution. The YESpay SaaS P2PE encrypted mobile payment service reduces the retailers’ PCI liability which in a mobile environment is even more critical to ensure safety of consumers’ card data. The advanced YESpay mobile API, built into the Store Enabler platform, gives retailers the choice of devices for use in mobile sales environment and allows extension into the full suite of the YESpay’s Omni-channel Payments Platform.

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AnywhereCommerce Intros mPayment Solution

AnywhereCommerce is set to launch its mpayment acceptance device, Nomad 2.0, at CARTES 2014 in Paris. The newly designed EMVCo L1, L2 certified, PCI 3.1 approved and Visa Ready device works with mobile phones and tablets to enable mobile point of sale (mPOS) acceptance of Chip-and-PIN and magnetic stripe card payments. Nomad 2.0 is designed to flexibly support multiple card-present payment method options, including debit, credit, gift and loyalty card transactions through both magnetic stripe technology and EMV Chip-and-PIN functionalities. The device employs patented encryption technology, and provides the option to connect to a mobile device through secure Bluetooth or a USB port. Nomad 2.0 is compatible with Android, iOS, Windows 8.1, and Windows Phone 8 operating systems.

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Debit Card Spending Losing Footing on Credit Card Spending

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Spending for goods and services on general purpose and private label consumer and commercial credit, debit, and prepaid cards reached $4.633 trillion in 2012, and is projected to reach $7.285 trillion by 2017. This indicates the more than 20-year trend that had debit card purchase volume and purchase transactions gaining share…

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Elavon Promotes NA President From Within

Elavon global payments provider promoted Guy Harris President, NA, to oversee operations in USA and Canada. Having joined Elavon in 2010 as Managing Director of Western, Central and Southern Europe (WCSE), Harris drove growth in Elavon’s WCSE region and led from the front employing a customer-centric approach. He previously was VP, Global Sales for Misys, a leading global supplier of IT solutions to the banking industry. While there, he delivered revenue through 5 regional sales heads – Europe, MEA, Americas, Asia and Strategic Accounts, and he transformed the sales team structure to increase productivity throughout the organisation. He brings 25 years of IT sales management experience to the role.

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Heartland to Offer AmEx Merchant Financing

Heartland Payment will be the first processor to distribute American Express Merchant Financing, giving small businesses access to highly price-competitive alternative financing solutions and be able to obtain loans based on their annual card processing volume. American Express’ Merchant Financing is designed to provide immediate capital to finance short-term investments and be paid back over a 12-month period, thus avoiding long-term debt commitments. In contrast to traditional commercial lending vehicles, Merchant Financing provides convenient access to capital up to $750,000″enabling even more small business owners to finance their growth needs, stay competitive and enhance their businesses.

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