Tyfone Patents Seminal NFC OTA/OTW Provisioning

Tyfone mobile financial solutions has issued its seminal patent for over the network provisioning of add-on smartcard secure elements for circuitry in add-on electronic transaction cards. This includes programming the electronic transaction card to operate as credit, debit, or stored value cards. Technologies covered encompass the use of wired or wireless networks for provisioning transactional identities and information into a smartcard in an add-on slot of mobile devices, like that used on “SideTap” MicroSD cards along with its “u4ia” mobile financial services platform enables a customizable digital wallet for any device that is capable of secure mobile banking, mobile ID and NFC payments services.

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Experian launches customer contact tracing

Experian global information services has launched its “Dynamic Tracing” platform to give lenders up to date customer contact details and credit information. This greatly reduces the risk of lenders making incorrect decisions based on out of date data. This is in response to research indicating up to 15% of customer records held by large consumer organisations may not have all of the most recent customer information. It collates customer contact information, addresses and credit information relevant to the customer at those addresses, from Experian’s databases and highlighting out-of-date information.

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ABA ENDORSES GlobalVision ANTI-FRAUD SOLUTION

The American Bankers Association has endorsed GlobalVision Systems’ “GUARDIAN OFFICER” technology solution to combat financial fraud. The “GUARDIAN OFFICER” platform utilizes advanced and innovative technology that empowers financial institutions of all sizes to prevent losses and damages caused by fraud. It offers the comprehensive solution set needed to effectively combat various types of fraud that have evolved over the years through technological advancements and enforces and automates the process of monitoring, detecting and reporting fraudulent activities among all transactions of all product lines in a financial institution. It is designed to prevent and reduce the incidence of check fraud, check kiting, deposit fraud, ATM fraud, ACH fraud, wire-fraud, debit and credit card fraud, among other fraud activities.

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ABA DISAPPOINTED ON INTERCHANGE SENATE VOTE

According to Frank Keating, ABA president and CEO, “The American Bankers Association…is deeply disappointed with the outcome of the Senate vote…[against the move] to approve the amendment sponsored by Sens. Tester (D-Mont.), Corker (R-Tenn.) and others to address the serious concerns over the Durbin debit interchange amendment marks a dark day for every bank that issues debit cards and for consumers that have come to rely on them.” He went on to say “American consumers will now have to pay more for basic banking services, while big-box retailers go off and count their unjustified profits…It is clear that a majority of the Senate supported the amendment offered by a bi-partisan group of senators to address the serious concerns over the Durbin debit interchange amendment, just not enough to reach the 60-vote “super-majority” threshold needed for Senate action….We will continue to push hard for relief from this ill-conceived law.”

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Sysrepublic Enhances Secure POS Loss Prevention

Sysrepublic POS loss prevention and systems integration solutions serving the global retail market introduced its new query language and product architecture enhancements for its Secure loss prevention software. While a real time query tool to find and investigate critical business issues and suspected fraud has always been a feature of Secure, now customers have access to the most granular level of detail contained within their POS systems. Users now can create and execute highly complex queries that have the capability to join or disregard multiple data elements. These queries can include POS data, as well as other data elements from additional sources within the retailer’s enterprise, such as HR data or delivery data. Queries can be executed while users wait or can be scheduled to run in the background where users may return to view results at a later time.

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CHARGE Anywhere Awarded as 2011 Mobile Solutions Provider of the Year

CHARGE Anywhere has been awarded the Mobile Solutions Provider of the Year as voted by the bankers and executives attending the 5th Annual Mobile Banking and Emerging Application Summit in New Orleans, LA and sponsored by Bank Technology News (BTN). This is in continuation o fCHARGE Anywhere technology having been awarded the 2010 CTIA E-Tech Awards in the Mobile Applications – Mobile Payments Category, the 2010 Mobile Merit Awards for Best Overall Enabler Application, the 2009 Best of Interop-PCI Security Solution Award, the 2009 Electronic Transaction Association Technology Innovation Award, and achieved a Super App designation by BlackBerry.

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Agilence Launches Automated Case Delivery, Adjudication and Reporting

Agilence point-of-sale video auditing solutions, unveiled its “HawkeyeDX” cloud-based SaaS offering that automates case delivery, adjudication, and reporting directly from Hawkeye POS Video Auditing solution. The “HawkeyeDX” (Data Exchange) a value-added solution for Agilence customers and available free of charge for those employing Agilence’s professional auditing services, allows Agilence auditors and retailers to efficiently exchange case data and analyze the performance of stores, managers, and employees. HawkeyeDX has been optimized for Android Devices, which Agilence will demonstrate on the Cisco CIUS and Motorola Xoom in Agilence’s booth 1601 at the NRF’s Annual Loss Prevention Conference and Expo. It facilitates Efficient Data Exchange; Automated Notification and Case Prioritization; Actionable Intelligence for Faster Adjudication and Analysis of Performance; and Scalability and Security.

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Cycle30 Chooses B2Bsoft Wireless Standard for Wireless POS

B2B Soft business-to-business software solutions for retail management in the wireless/cellular retail industry partnered with Cycle30. B2B Soft’s Wireless Standard, the premiere Point-of-Sale solution for the wireless industry, is now fully integrated with Cycle30’s hosted order-to-cash platform for wireless billing. Wireless Standard is currently used at over 4,000 wireless retail locations throughout North America. The modular retail management platform comes with tools designed to help wireless operators excel in a highly competitive industry. With Wireless Standard integrated into Cycle30’s billing engine, customers get consistent process, from payment processing integrations to streamlined POS, as well as powerful reporting and increased visibility across the enterprise for wireless carriers. Wireless operators using the Cycle30/Wireless Standard platform will see more effective business automation, real-time control of indirect national retail channels, increased productivity, and better targeted and improved customer service at their retail locations.

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Transaction Wireless Brings Mobile, Social and Email Gifting International

Transaction Wireless “B2B wCentive” multi-channel digital gift card and integrated marketing solutions has expanded into the international market at the 2011 Prepaid Conference and Expo, which can now be customized and localized in many Euro-regions and languages. Meanwhile, SVM gift card program management solutions for retailers and distribution channel partners is using the Transaction Wireless gift card platform to offer digital gift card solutions internationally. The “B2B wCentive” solution reduces operating costs while improving resale and co-branding opportunities by providing merchants and incentive houses with a comprehensive system to manage and support multiple B2B accounts, suppliers, and brands.

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China Merchants Bank and Renren to Pioneer Social Credit Card

China Merchants Bank commercial bank and Renren real name social networking internet platform forged a joint venture to issue a co-branded “Renren CMB” credit card with social features. This credit card program will be a globally innovative pilot that pioneers the combination of social, location and mobile services. CMB will offer information about, and services provided by over 10,000 of their merchant partners through Renren’s Location Based Services. When the co-branded credit card holders “check in” from their current locations through Renren’s Location Based Services function, they will receive promotional information from CMB merchant partners located in the vicinity. In addition, a wide range of loyalty incentive programs will also be offered by both Renren and CMB for the co-branded credit card applicants and holders.

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Wincor Nixdorf to buy Dynasty Technology

Wincor Nixdorf signed an agreement to acquire Dynasty Technology Group in Madrid, which specializes in software and associated professional services such as IT integration and adaptation for retail banks. Rebranded “Dynasty Technology Group – a Wincor Nixdorf company,” this development allows Wincor Nixdorf to tap the additional growth potential seen in the software sector and will enhance its stature as a global provider of end-to-end IT solutions to provide retail banks comprehensive services from a single source.

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