November 17 – Cardtek, a leading software developer for financial transactions and provider of EMV migration solutions, has been selected by MasterCard Payment Transaction Services S.A. (formerly Trevica S.A.), a payment processing company fully owned by MasterCard, to provide their HCEXpert solution. Cardtek’s solution will enable MasterCard Payment Transaction Services S.A. to provide managed services to its banking customers for NFC payments on smartphones.
Search Results: Payments
October 30 – New business research* by Kaspersky Lab and B2B International reveals that 33 percent of financial services don’t offer customers a secure channel for all their online payments.
October 23 – Fiserv, Inc., a leading global provider of financial services technology solutions, has announced that First Hawaiian Bank, the oldest and largest bank in Hawaii with $18.7 billion in assets, has selected a suite of digital banking, payments and personal financial management (PFM) capabilities from Fiserv.
October 20 – When looking back on the history of payments, October 2013 should go down as a landmark in technical and social cultural history. It was then that access to the Internet by mobile device exceeded access to the Internet by desktop or laptop computer in the United States. And the rest of the world is trending in that direction as well, says Aite Group’s latest report, Mobile Online Payments: Disruption and Opportunity.
October 16 – The Electronics Payments Coalition has commended the FBI for its announcement on EMV migration to consumers. It released the following statement:
September 11 – The Electronic Payments Association has announced its Payments Innovation Alliance has launched a Mobile Wallet Initiative to enable stakeholder companies and the broader mobile wallet community to leverage an “open” acceptance platform that includes support for retailer- and bank-branded mobile wallets for electronic payments.
September 11 – Vantiv, Inc., a leading provider of payment processing services and related technology solutions for merchants and financial institutions of all sizes, has launched OmniShield Assure, a security bundle designed to assist in protecting consumer card data, significantly reduce the chance of counterfeit fraud and enhance payment processing security to help merchants with PCI 3.1 compliance requirements.
By Paul McMeekin
Imagine a world in which consumers have control over their money and are connected directly to their payment mechanism of choice no matter where they are. In this world, shoppers pay anyone directly from their accounts, banks reclaim a direct relationship with consumers and retailers drive up store spending. Payment stakeholders benefit by eliminating inefficiencies in the payments ecosystem, thereby reducing costs and protecting margins in the face of relentless change and regulation.
August 17 – Mobile payments still account for just a very small fraction of retail in-store payments, according to new research from the ATM Industry Association. ATMIA’s research paper, “U.S. Mobile Payments: Do They Disrupt Cash,” sought to determine what real impact mobile payments are having on the use of cash, and what additional impact can be expected in the future. (more…)