All articles by Verdict Staff
Verdict Staff
International e-commerce revenue driver for SMEs
According to recent research from WorldPay, SMEs focusing on e-commerce solutions to increase international transactions revenue This would provide payment processors with a potential new revenue stream as well
Proxama launches contactless testing kit
Proxama has launched a MasterCard NFC mobile contactless reference kit, designed to enable vendors and issuers to run a number of different tests on new payments products Users of the kit will be able to run a number of different tests to view typical payment journeys, understand how a payment application behaves and test compatibility. They will be able to test variants of payment procedures, including the different levels of payment authentication that can be employed such as Always require PIN and pre-transaction verification.
MasterCard’s LCD display cards launched in Romania
Two more banks are to launch MasterCards LCD display cards that show the consumer their balance and can generate one-off passwords for internet purchases. They follow in the footsteps of BNP Paribas Turkish subsidiary TEB in 2010, which was the first to launch an LCD display card.
MasterCard and Intel develop NFC to combat online fraud
MasterCard and Intel have collaborated on a mechanism to deploy NFC technology as a means of improving online shopping security Consumers usingIntels Ultrabook device and future generations of Intel-based PCs will be able to purchase items online by tapping a MasterCard PayPass enabled card, tag, or smart phone onto their computer. Ed McLaughlin, chief emerging payments officer at MasterCard, said: The collaboration with Intel will deliver enhanced security and faster checkout with the convenience of a simple click or tap.
Samsung launches mobile payment efficiency solution
SENHR1 combines a NFC controller and a secure element storing personal information and security keys, vital for reliable and efficient mobile payment on NFC enabled mobile devices Users will be provided with a device that can sufficiently store ones choice of diverse mobile services, such as credit card codes, e-money and transportation transactionpayment services – at the required capacity
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VeriFone acquires Stockholm-based Point
VeriFone has acquired Point; one of northern Europes largest providers of point of sale services for retailers VeriFone aims to extend the Point platform throughout the region and create the worlds largest infrastructure for rapid deployment of alternative payments The acquisition comes at a cost of around 600 million ($820 million) and is expected to close by the end of 2011
Clear2Pay acquires ATM testing company Level Four
Clear2Pay is further boosting its position in the payments testing services market with the acquisition of the UK-based ATM testing business Level Four Software Holdings. Its software is capable of automatically executing thousands of test cases at a time across different card schemes, languages and devices.
Adyen, Pathé offer mobile payment to Dutch cinemas.
Adyen has signed a contract with Dutch cinema chain Path to supply online and mobile payments for its 21 cinemas across the Netherlands The new service means that online and mobile payments can be processed on a single screen with a single click, instead of loading multiple pages to verify payments The Adyen payment facility uses skin technology enabling merchants to adjust everything related to the look and feel of the page to the logo and colours to the fields into which customer data is put in
Clear2Pay launches mobile test tool
Clear2Pay has launched a new Mobile Payments Application (MPA) testing solution, designed to enable vendors and issuers to test mobile payments products against interoperabity and security standards. The launch of the MPA Test Tool follows Clear2Pays acquisition of Lexcel Solutions in June, and its announced intention to boost investment in testing products and services Clear2Pay said the new product alleviates the process of certification required by card schemes, and replaces the time-consuming process of sending mobile phones back and forth to certification laboratories
Credit Unions Reap Durbin Impact Benefits
Credit Unions are reaping the benefits of the effect the Durbin Amendments have on banks debit card portfolio strategies, with a number of credit unions launching initiatives to attract more debit card customers