MasterCard Names VP, Global Products & Solutions

MasterCard appointed Ezediashi Ofili VP, Business Leader to drive the growth of its Prepaid Business in sub-Saharan Africa. He will also oversee MasterCard’s Global Products and Solutions team in the region. With more than twenty years’ experience in the banking, energy, Information Technology and credit rating sectors in both Africa and Europe, Mr. Ofili has played a key role in several major projects most recently the launch of the Nigeria National Identity Card project. MasterCard is seeking to expand its prepaid product offering in the region and has partnered with several financial institutions to drive this strategy. Mr. Ofili is a qualified Petroleum Engineer from the University of Ibadan, and is also a Microsoft Certified Engineer and Project Management Professional with PRINCE2® certification. In addition to that he holds a Master’s degree in Business Administration – Strategic Management of Technology – from Cass Business School in London.

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DataCash and Shopitize Launch Cashback Mobile App

DataCash partnered Shopitize to enable quick-and-easy cashback payments for UK shoppers using the Shopitize App. The Shopitize mobile app, available on both Android and iPhone, enables shoppers to earn cash rewards on top brands across major UK supermarkets. The customer downloads the app and registers with Shopitize to gain access to exclusive grocery deals directly from major brand partners including Kellogg’s, Danone, Innocent, Yeo Valley and Dr. Oetker. When the shopper purchases an item, they take a photo of their receipt using their Shopitize app to submit for verification. Shopitize’s system automatically matches eligible purchases against the offers available and once the customer accumulates five pounds in savings, they automatically receive cashback.

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APR Average Recedes Slightly

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average credit card APRs were down slightly in August to 14.95% after jumping .03% in July to 14.96%. This follows a relatively lengthy period of APR stagnation through the winter and well into the spring. Typically, card rates drop off from January to February, as was the case last year when…

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VeriFone Launches Mobile App for NYC Taxi Payment

VeriFone Systems announced its “Way2ride” mobile app that allows New York City taxi passengers to get in, tap, and get out the moment their ride is over. The “Way2ride” is available for iOS and Android smartphones, makes the taxi experience faster and easier for New Yorkers and business travelers by enabling riders to pre-load payment information and preferred tip amounts. Once inside the cab, passengers can pay at any time with a tap of their phone. At the end of the trip, riders can simply get out of the taxi and get on with their day. Digital receipts are stored in the app and accessible at Way2ride.com for easy tagging and expensing of business trips. After the New York launch, VeriFone will be expanding Way2ride acceptance throughout its network of more than 70,000 payment-enabled taxis worldwide. Way2ride uses VeriFone’s patented Zoosh sound-based technology to check passengers into their ride, allowing for secure transmission of payment information through the cloud.

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PCI Council Highlights Changes to PCI DSS and PA-DSS

The PCI Security Standards Council published PCI Data Security Standard and Payment Application Data Security Standard (PA-DSS) 3.0 Change Highlights as a preview of the new version of the standards coming in November 2013. The changes will help companies make PCI DSS part of their business-as-usual activities by introducing more flexibility, and an increased focus on education, awareness and security as a shared responsibility. The seven-page document is part of the Council’s commitment to provide as much information as possible during the development process and eliminate any perceived surprises for organizations in their PCI security planning. Specifically, the summary will help PCI Participating Organizations and the assessment community as they prepare to review and discuss draft versions of the standards at the 2013 Community Meetings in September and October.

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Jack Henry Wins Processing Client

Jack Henry & Associates payment processing services announced that Bank of the Sierra has selected its SilverLake System core processing platform to provide enterprise-wide automation. In addition to SilverLake, Bank of the Sierra will initially implement an array of Jack Henry Banking’s complementary solutions including ArgoKeys DepositKeys account opening and administration; Vertex Teller Automation System; Vertex Teller Capture; NetTellerOnline Banking; iPay Consumer Online Bill Pay; the iPay Biz 2.0 small business online bill payment suite; goDough mobile banking; OurCashFlow online financial management (OFM); Opening Act online deposit and loan account opening; Electronic Statements’Interactive; DirectLine Wires; DirectLine International; Remote Deposit Capture, Remote Deposit Anywhere (RDA) mobile and flatbed remote deposit capture; Cognos 10business intelligence and enterprise reporting; Smart GL general ledger reconciliation and compliance; Relationship Profitability Management (RPM); and components of the Synergy Enterprise Content Management (ECM) solution; components of the Yellow Hammer fraud detection and prevention suite; the Gladiator security services suite; Centurion Business disaster preparedness and recovery services; jhaCall Center; and more.

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Capital Bank Deploys Diebold ATMs

Capital Bank has partnered with Diebold, Incorporated (DBD) to standardize its ATMs and support services. Diebold installed 170 Opteva ATMs, 100 of which feature deposit automation capabilities along with comprehensive integrated services to manage the fleet. Through multiple acquisitions over the past two years, the bank’s network included ATMs from several manufacturers that were supported by various vendors. Capital Bank recognized it would be best served by a single source for the delivery and management of its ATM fleet. Through its ATM Endpoint Protection by Symantec™ and software deployment service Diebold will maintain up-to-date anti-virus and operating system software, as well as security patches and provides 24/7 ATM status monitoring, notification, remote diagnostics and failure resolution to keep Capital Bank’s ATMs up and running.

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Sage Pay Launches Channel Payment Integration

Sage Pay multichannel payment processor made available its omni-channel payment integration feature. Allowing retailers to view reports for all transaction data in one portal, this will include payments made in-store, online and over the phone, providing retailers with a single view of customer transactions and helping them better understand sales trends. The solution is available now to all size businesses and combines the data from different payment options. Results can be viewed together or broken down by transaction type and can be exported directly from the online area, into Excel or CSV format to aid the reconciliation process.

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Windows Phone Announces Seamless Payments

Seamless payment solution for mobile telephones, SEQR, is to be launched for both Windows 8 and Windows Phone, and will be integrated with Windows Phone Wallet. Seamless was founded in 2001 in Sweden, and now has a presence in around 30 countries. The launch of SEQR on Windows platforms is strategically important in order to consolidate the position of Seamless as the leader for mobile payments. SEQR will be implemented in Microsoft’s app-stores, Windows Store and Windows Phone Store in all Seamless markets in 2013.

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PSI-Pay Deploys MasterCard PayPass

PSI-Pay e-wallet and payment card issuer announced its contactless payments with its cards in conjunction with MasterCard’s PayPass functionality. PayPass allows PSI-Pay cardholders to make purchases for under $20.00 by tapping the MasterCard or Maestro-enabled card or device over a reader. MasterCard’s PayPass technology is integrated with layers of protection to help prevent unauthorised purchases and contactless payments can be made via cards, and enabled wristbands and watches. Contactless payments are made using a unique encrypted code to secure data and safeguards are also in place to bill only one in case a user taps their card or device more than once by mistake.

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Commerce Bank Launches Visa Signature Card

Commerce Bank is offering a Visa Signature Rewards credit card to alumni and friends of Southern Methodist University (SMU). The card offers high reward point values and unlimited earnings, as well as no annual fee. Cardholders are able to redeem points for cash, gift cards, merchandise, or travel. Additional Signature rewards and benefits include 24/7 concierge service, exclusive perks, such as special offers on travel, sports, and entertainment, and the Visa Zero Liability coverage. SMU has a current enrollment of more than 11,000 students and an alumni network of more than 100,000 graduates. The SMU Visa Signature card is accepted anywhere Visa cards are accepted.

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Morpho Opens NFC Data Center

Morpho (Safran), a leading supplier of high-tech solutions in security, mobility and payment, has just opened in Taubaté, São Paulo, Latin America’s first data center for Trusted Service Management (TSM) technology. The unit, which represents a part of the 3.5 million euros to be invested in Brazil, will provide the infrastructure for all businesses that need secure and convenient electronic mobile payment solutions via NFC, including banks, telecom operators and public transportation. Morpho’s Taubaté data center will enable these customers to streamline projects and releases with TSM technology and accelerate their implementation and operation. This will transform the user’s mobile phone into an electronic wallet with various payment and access features.

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