Fifth Third Processing Intros Secure Processing Platform

Fifth Third Processing Solutions has introduced its eCommerce Plus technology platform. Allowing online merchants to securely transact with authenticated payments and alternative payment brands, merchants can also offer PayPal, Checkout by Amazon, Google Checkout payment options. Fifth Third Processing Solutions has partnered with CardinalCommerce Corporation for the alternative payments acceptance within the Fifth Third Processing Solutions eCommerce Plus technology. Merchants using Fifth Third Processing Solutions eCommerce Plus will now have the ability to quickly and easily accept alternative payment brands in order to drive conversion through these secure checkout processes.

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HID Global Announces Magnetic Stripe Reader FIPS 201 Certification

HID Global has expanded its “multiCLASS” Magnetic Stripe line of readers available on the U.S. General Services Administration (GSA) FIPS 201 Evaluation Program’s list of approved products to now include non-keypad readers. The listing enables U.S. Government organizations to purchase HID Global’s latest physical access reader products as they begin to implement migration programs from legacy magnetic stripe (magstripe) cards to contactless 13.56 MHz FIPS 201 credentials, for both single- and two-factor authentication scenarios. HID Global’s “multiCLASS” line of multi-technology readers allows an agency’s access control system to function properly during the transition from current card technology to new FIPS 201 card requirements. The multiCLASS readers contain patented features that simplify the conversion to the new standard because they are capable of simultaneously reading legacy cards and the new FIPS 201 cards.

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Litle & Co. Selects CyberSource Anti-fraud for eCommerce

CyberSource Corporation from Visa has partnered with Litle & Co. to offer its “Decision Manager” as the preferred fraud detection solution the latter’s portfolio of eCommerce merchants. CyberSource Decision Manager includes the world’s largest fraud detection radar — data insight derived from the over 60 billion transactions processed annually by Visa and CyberSource, supplemented by 200 validation and correlation tests — to help merchants make faster, more accurate order acceptance decisions. CyberSource’s Decision Manager allows merchants to automatically assess the validity of inbound orders, which- when received-simultaneously correlates attributes of that order against the data, device insights and validation tests generated from transactions processed by Visa and CyberSource.

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Cinterion Launches Efficient M2M Module

Gemalto’s Cinterion cellular machine-to-machine (M2M) communication modules is launching the “MC55i-W” wireless M2M module. The new module integrates an advanced 65 nanometer chipset with reduced power consumption and enhanced operating temperature ranges for reliable, anytime, anywhere wireless communications. Available starting April 2011 and ideal for quite a number of M2M applications including secure remote monitoring, vending, and metering, the MC55i-W is compatible with previous MC55/56/55i modules and offers Full Type Approval and pre-approval by the largest global mobile network operators to enable a swift time to market for customers. To date, Cinterion has shipped more than 12 million MC55/56/55i modules to customers, including some of the world’s largest Fortune 100 companies.

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Bellwether FCU Deploys NCR mBanking

NH-based Bellwether Community Credit Union has deployed NCR “APTRA” Mobile Banking to offer its members convenience. The credit union already uses NCR “APTRA” Online Banking solution and will now provide members with access to mobile, online and ATM account access. The real-time convenience of mobile banking gives consumers the control they demand from their banks. In fact, according to NCR Buzzback research, 79 percent of U.S. consumers would choose one financial institution over another based on the ability to better control when and how they bank. While globally, 26 percent of consumers said that they have changed financial institutions at least once in the past five years in order to gain access to mobile banking services.

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AmEx Necessity Appointed Executive VP With Wolters Kluwer

Wolters Kluwer Corporate Legal Services (CLS) legal process and business performance management appointed Thomas Nestor as executive vice president (EVP), finance. This after having held a number of progressively senior-level positions at American Express, his most recent as the vice president and lead financial officer for the U.S. Consumer Card Group, where he provided critical insight on business performance issues and identified strategic opportunities to optimize the P&L and drive growth. Nestor was pivotal in AmEx’ response to the CARD Act legislation by developing the framework for new pricing and fee models that enabled credit card businesses to conform to unprecedented legislation while optimizing profitability. He was also invaluable to the introduction of the Plum Card, the first payments card product designed for small business with trade terms functionality.

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50% of Adult Global Population Unbanked

VRL Financial News is set to demonstrate its research on the Prepaid market and the views of 35 speakers at its 2nd Annual Prepaid Summit in Dubai on the 22nd and 23rd March. It discloses just over half of the world’s adult population does not use banks or microfinance to channel, save or borrow money – they still trade in cash. There is a huge opportunity to move this traditional unbanked segment into prepaid cards. The Middle East has more than 60 million internet users and over 80 billion mobile phone users. The Prepaid Summit: Middle East 2011 will address the key issues impacting on the take up of prepaid in the region, combining Middle Eastern and international case studies with exclusive research on the market.

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Scotiabank Makes Available Visa Contactless

Scotiabank is making available the Visa “payWave” contactless payment feature to its line of credit cards. Visa “payWave” transactions make small purchases faster and easier, reducing the amount of time customers spend at the checkout. Visa payWave is a no-fee enhancement which is now available on select Scotiabank credit cards, including ScotiaGold Passport Visa, Scotia Momentum Visa and SCENE Visa. Scotiabank cardholders will now be able to make secure contactless transactions at Petro-Canada, Rexall Pharma Plus pharmacies, Cineplex Entertainment movie theatres, Jean Coutu, Rabba Fine Foods, M&M Meat Shops, Second Cup, as well as other retailers.

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Multicard and Rabobank Deploy Cashless Payment

Multicard credential solutions, identity management and system integration services and a business unit of Identive Group has deployed its mobile cashless payment solution with Rabobank. Providing e-payment stickers and related services that will enable users to make purchases using their current mobile phones, directly from a virtual wallet, Multicard will provide the Bank mobile phone applications to transfer money, check balance and top-up money to the wallet, as well as handle management of all transactions, incorporating Rabobank’s MiniTix payment engine. Multicard, a business unit of Identive Group and a worldwide supplier of card solutions for secure identification programs and offers a complete open payment platform, ID systems management and engineering services as well as full implementation and program management.

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Micropross Testing Earns EMVCo Approval

Micropross “Must” Card Level 1 electrical test tool has passed the approval scheme defined by the EMVCo organization and been qualified by the CAWG (Card Approval Working Group). With “Must,” smartcard manufacturers cover all electrical test cases defined inside the EMVCo test specification. The test hardware that is used is the Micropross MP300 TC3. It is possible to add on top of the electrical test certified protocol test cases, making the “Must” platform a complete test environment for Level 1 characterisation of contact smartcards.

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G&D Collaborates to Embed Multi-Mode IMSI SIM

T-Mobile USA and UK-based Everything Everywhere communications company have partnered with Giesecke & Devrient (G&D) to develop a multi-mode international mobile subscriber identity (IMSI) SIM. Designed for cost-effective international machine-to-machine (M2M) deployment, the multi-mode solution will act as a local SIM when deployed in the U.S. and the UK. This unique “borderless” solution will offer M2M application providers the ability to deploy multiple global subscriptions for reduced roaming costs and improved coverage in areas outside of local networks.

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