Morpho Deploys NFC SIMs With KT Korea

Morpho announced has shipped the first half million units of its “NFC/LTE” SIM card to KT Korea, the second largest mobile network operator in South Korea, as part of a multimillion framework agreement signed earlier this year. With Morpho’s technology, KT can now enable customers to experience the benefits of contactless transactions. Customers can now use their mobile phones to pay transit fares or to make retail payments at 200,000 contactless terminals.

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No News is Good News on Unemployment Front

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total nonfarm payroll employment was up 171,000 in October but the unemployment rate was essentially unchanged at 7.9%, according to the U.S. Bureau of Labor Statistics. The number of unemployed persons of 12.3 million was also unchanged in October after dropping off in September to 7.8%. Those long-term unemployed- of 27…

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Heartland 3Q/12 Net Income Sustains Respectable Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Heartland Payment Systems payment processors announced a net income of $19.4 million for the three months ended September 30, 2012, up on 2Q/12 net income total of 17.8 million. With this, small and Mid-Sized Enterprise (SME) quarterly transaction processing volume was $18.8 billion, up 5.8% from the year ago period, while…

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Bell ID Joins EMV Migration Forum

Bell ID has joined the EMV Migration Forum, independent, cross-industry organisation started by the Smart Card Alliance, to drive and support EMV payments technology in the United States. Bell ID will contribute its extensive knowledge of provisioning and managing the delivery of secure services to end-users via chip-based technologies on plastic cards and in mobile NFC-enabled devices. The launch of the EMV forum provides a central hub for the U.S. payments community to effectively discuss and agree how EMV technology should be implemented across the country. The forum brings together payment systems, banks and financial institutions, product manufacturers and key actors in the NFC ecosystem, to ensure interoperability, security and consumer usability of secure-chip technology.

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Google Wallet Rationalizes Consumer Purchasing

On sites that accept Google Wallet, consumers no longer need to enter their credit or debit card number, billing address or other payment information because it’s already stored in their Google Wallet. Typically, on mobile websites, users need to key in 17-20 fields of information on a small screen while having to click and scroll through multiple pages to provide shipping and billing information. Now they just click the ‘Buy with Google Wallet’ button, log into Google Wallet and click to complete your order. Consumers can also view credit and debit cards, shipping addresses and transaction history conveniently in one place at wallet.google.com/manage and set a default card for future purchases on your Google Wallet account, making future transactions even faster.

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Citi Hungary Makes mBanking Easier

Customers calling CitiPhone from a domestic mobile phone number registered in advance with Citibank will now hear a personalized menu, tailored to the products and selected information most relevant to them. Customers will no longer need to input their 16-digit debit or credit card number or the loan agreement ID number. They simply enter their four-digit telephone PIN code, and the system will immediately recognize and identify them and instantly offer a personalized menu.

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Monet Deploys IBM Cloud mBanking

IBM announced that Monet, one of Pakistan’s leading mobile-commerce providers, has selected a customized IBM cloud-based solution that will enable the company to enhance service efficiency and expand its presence across the country. Launched in 2012, Monet provides banks, mobile network operators and branchless banking agents in Pakistan with a technology platform that offers end-users a simple interface through which they can access a wide range of financial services on their mobile phones. IBM will develop a specialized solution based on IBM SmartCloud technology, to deploy Monet’s mobile banking applications from Fundamo, a leading mobile financial services platform provider ider and an IBM partner.

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Barclays Updates on Audio ATM Progress

Barclays has fulfilled its commitment to the Royal National Institute of Blind People’s (RNIB) ‘Make Money talk’ campaign and over 75% of Barclays cash machines are now audio enabled. Speech output is available on over 3,000 Barclays ATMs through audio jacks so that blind and partially sighted people are able to plug in their earphones to listen to the options being read out to enable them to carry out their transactions. Previously if a blind or partially sighted person wanted to access their money at an ATM, they needed to ask a friend or relative for help or in some cases a passer-by. Make Money Talk was launched by the RNIB in September 2011 calling for banks in the UK to provide ATMs with audio facilities for their blind and partially sighted customers.

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GlobalPlatform claims Hits 100-Member Milestone

GlobalPlatform has reached 100 members and has produced widely adopted specifications for secure-chips, devices and back-end systems. The infrastructure delivers a trusted end-to-end solution, which facilitates the secure and interoperable deployment and management of multiple embedded applications on secure chip technology. The need to deploy services using an agreed infrastructure has become particularly important as markets converge to deliver innovative chip-based services to consumers through mobile devices.

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Ingenico Announces Quick Service Payment Tool

Ingenico payment solutions launched its Next Generation Loyalty solution for retailers and quick-service restaurants to interact with digital consumers via smartphone, website or in-store. Ingenico is changing how retailers interact with today’s digital consumers by making social, local and mobile services a reality and accessible to any retailer globally by using Ingenico’s cloud based technology. Ingenico’s Next Generation platform and smartphone application combines loyalty, gifting, promotion management and secure payments across multi-channel retail environments including web, POS, mobile POS and self-service kiosks. Ingenico developed its Next Generation Loyalty platform to combine secure payments, building on over 30 years of payment expertise to deliver a true multi-channel payment experience for the consumer. This solution supports Ingenico’s offering to help retailers and quick-service restaurants extend their consumer’s shopping experience across multi-channel environments.

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Visa Transactions Processed Up 2% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa posted their fiscal fourth quarter (3Q/12) net income of $1.7 billion and adjusted net income of $1.0 billion for a net income of $627 million. Meanwhile, net income for the full-year 2012 was $4.2 billion, an increase of 19% over the prior year. Payments volume growth, on a constant dollar…

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