R.I.A. FCU Selects VSoft for Item Capture, Image Exchange

VSoft process improvement solutions for financial institutions, announced R.I.A. Federal Credit Union has selected its branch item capture and image exchange solutions. R.I.A. Federal Credit Union chose to deploy VSoft’s branch item capture solution as an outsourced model, which enables a seamless transition of its check processing to VSoft’s data center, VServe. The solution gives the credit union the ability to capture deposits in the back office, streamlining processes and reducing internal expenses. The credit union will also benefit from VSoft’s branch item capture, inclearings/shared drafts, out returns, archive/research and cash lettering services.

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USA Technologies Issues “Endorsement” of S.A.V.E. by James Stuckert

USA Technologies wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retailing industries, tissued the following statement regarding James W. Stuckert’s “endorsement” publicized by S.A.V.E.: In a testament to the S.A.V.E. group’s desperation, in a June 25, 2012, announcement regarding James Stuckert’s supposed “endorsement,” Mr. Stuckert was positioned as an independent shareholder. However, Stuckert is in fact a member of S.A.V.E. and any “endorsement” from him brings new meaning to the term “self-serving.”

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Novo Diav mPayment Lets Michigan Farmers Markets Take SNAP & WIC

Novo Dia Group, a software development firm specialized in the health and human services industry, announced that 325 iPod touch devices with the Mobile Market+ point-of sale (POS) application have been deployed at 26 farmers markets in Michigan, enabling participating vendors to accept several types of benefits cards, including the Supplemental Nutrition Assistance Program (SNAP), Women, Infants and Children (WIC), Electronic Benefits Transfer Cash Value Benefits (WIC EBT CVB), Farmers Market Nutrition Program (FMNP), and Summer EBT for Children (SEBTC). Additionally, vendors can process debit and credit card transactions with the same device, providing even more sales opportunities with no extra hardware investment. This effort is part of an initiative, making fresh produce, from farmers markets, more readily available to low-income families.

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Inside Secure Awarded at Canadian & International Innovation 2012 Gold

INSIDE Secure semiconductor solutions for secure transactions and digital identity announced its “SecuRead” NFC solution designed into RIM Blackberry devices won ACT Canada Canadian & International Innovation Gold Medal awards for payment solutions benefiting issuers, and for payment solutions benefiting consumers. The double Gold Medal win affirms INSIDE’s focus on security solutions for mobile devices that benefit multiple members of the mobile payment ecosystem. The “SecuRead” platform is designed into RIM Blackberry devices is the first Open NFC™-based payment solution certified by MasterCard and represents the leading edge of NFC payment support built into a smartphone. The SecuRead solution in RIM devices with an embedded secure element gives RIM a competitive advantage, and gives the mass consumer market intelligent handsets that “know” whether the user wants to complete an authentication, access or payment transaction.

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USA Technologies Releases Quarterly Projections

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies wireless, cashless payment and M2M telemetry solutions announced for the quarter ending June 30th projected total revenue of approximately $8.0 million, compared to $6.9 million in the year ago period. Meanwhile, transaction fees are expected to total $6.4 million, an increase of approximately 27% from 4Q/11 and recurring revenues…

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AmEX Launches Digital Service to Streamlines Corporate Payment

American Express has launched its “PAYVE” digital payment service, allowing large and mid-size companies to centralize the processing of multiple payment methods through a single, easy-to-use electronic platform. Payment methods include check, ACH, international wire and American Express’s web-based payment solution, Buyer Initiated Payments (BIP) allowing companies to improve working capital and cash flow management while streamlining accounts payable (AP) processes. The “PAYVE” solution allows companies to consolidate payments through a single platform to increase control, efficiency and transparency of their payables and accelerate their migration from paper check to electronic payments to reduce costs and make their accounts payable process more efficient. Clients simply send a file to American Express that can include instructions for multiple vendors and various payment methods. American Express will then direct payments to each supplier using the designated method – check, ACH, international wire or BIP.

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Bluepoint Appoints New Chief Technical Officer

Bluepoint Solutions RDC, item processing and enterprise content management solutions appointed Robert Loughrey, chief technology officer (CTO) to oversee Bluepoint’s product development, quality assurance, professional services and customer support. Bringing with him more than 25 years of experience managing research and product development initiatives, Loughrey is a proven manager of both projects and people, his vision will play a key role in Bluepoint’s continued expansion into bank and credit union markets, as well as the development of new channel partnerships. He was also the senior program manager of PatientSafe Solutions, where he led three major software releases within 15 months and a group engineering manager at Intuit, where he implemented Agile development methodologies like Scrum, which allowed for the quick development and delivery of two leading-edge products.

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Digital River Offers Cloud-Based Subscription Billing

Digital River enhanced its Digital River World Payments solution to include cloud-based subscription billing, allowing merchants to increase recurring revenue across global markets as well as optimize the entire payment lifecycle from subscription initiation through the commerce transaction and payment. Digital River has offered subscriptions as part of its Global Commerce™ enterprise solution for more than a decade and is now extending that deep experience to the Digital River World Payments solution. The new integrated offering provides merchants access to both global online payment processing and a cloud-based subscription billing service via a single solution, a unique differentiator among competitive subscription solutions. It offers compliance management for subscriptions; customizable billing models; and support during pre-and post-transaction stages.

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Mako Networks Level 1 PCI DSS Certified

Mako Networks network management and security company is now certified for a third consecutive year as compliant with the PCI DSS. Having met the more than 200 requirements of the PCI DSS, Mako was the first network management company in the world to pass the rigorous audit process in 2010, the highest security clearance attainable for protecting credit card data. The audit culminates in an annual worldwide Report on Compliance (RoC), issued for 2012 by Verizon Business, which attests to the overall security of Mako’s solutions, including a cloud-based Central Management System, and network appliances installed at customer locations. Merchants that use the Mako System to protect their payment card data can apply the Mako RoC in their own annual audits, drastically reducing the scope and number of technical questions they’re required to complete.

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PYDS Selects Futurex Encryption for Its Mobile App

Payment Data Systems electronic payments solutions provider selected the industry leading “Excrypt SSP9000” hardware security module from Futurex for deployment with its “iRemotePay” mobile application. The “iRemotePay” platform is a wireless mobile payments app, initially deployed for the iPhone®, iPad®, and iTouch® to process credit card and ACH payments (e-Checks) over the wireless networks from remote locations and view these payment transactions while away from the office. The “Excrypt SSP9000” is compliant with both current and emerging audit requirements, including ASC X9.24 – Part 1 and Part 2, FIPS 140-2 Level 3, and PCI HSM. During payment transactions, sensitive cardholder data is immediately encrypted at the point of capture by the iRemotePay mobile application and then decrypted by the Excrypt SSP9000 behind a secure boundary, ensuring full end-to-end protection.

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First Data PCI Rapid Comply Solution Now Live

First Data Corporation electronic commerce and payment processing announced the First Data PCI Rapid Comply(SM)solution, an easy-to-use online Self-Assessment Questionnaire (SAQ) and vulnerability scanning tool that can help small to mid-sized merchants achieve and maintain Payment Card Industry Data Security Standard (PCI DSS) compliance. The PCI Rapid Comply solution is a merchant-facing, “help-based” web application that can be used to complete the annual SAQ quickly and easily. By answering just a few “pre-SAQ” questions, the PCI Rapid Comply solution can direct merchants to the SAQ version that is right for their business and help pre-populate the appropriate SAQ questions with accurate answers.

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ERPLY & Embarcadero Bring Windows POS to Mac OS X

Embarcadero Technologies software solutions for application and database development, announced ERPLY cloud-based POS software, used Embarcadero Delphi XE2 with FireMonkey to develop its Windows Point of Sale software and pave the way for a Mac OS X version. ERPLY recently announced a strategic integration with PayPal providing businesses with a new way to accept mobile payments and manage their business operations. ERPLY’s largest deployment has 500 locations and the Windows POS application is now being launched across the retail chain of Elizabeth Arden Corp.

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