NetWorld Launches Mobile Payment Portal

NetWorld Alliance online business-to-business publisher and event producer has launched “Mobile Payments Today” portal for mobile payments. This will focus on mobile payments projects and technology for banking, retail, restaurants, remittance, apps, online gaming and mobile POS. The content is designed to assist organizations in understanding the cost savings and operational benefits promised by mobile payments. Mobile Payments Today will provide blogs, news, videos, white papers, webinars, supplier listings, research, product reviews, and event info. With 3% of small and medium businesses already having implemented mobile payments, 7% will do so in the next 12 months while 16% will by the end of 2012, according to The SMB Group.

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Nation’s Largest Credit Union-Owned POS Network Implements NitroSecurity

Credit Union 24 has selected NitroSecurity’s integrated “NitroView” SIEM, Log Management, Database Activity Monitoring and Application Data Monitoring solutions to strengthen its corporate security strategy and demonstrate compliance with PCI DSS. With nearly half a million locations at major retailers and local merchants, it is the largest credit union-owned POS network in the United States. Counting more than 100,000 national and international ATM locations in its network, the company offers access to the greatest number of surcharge-free ATMs in the country. Credit Union 24 identified policy and procedural alternatives that eliminated much of the need to access PCI DSS “in scope” data for normal operations and still provide the highest level of service and security to its participating credit unions.

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Cardo Tackles Procurement Compliance with Ariba

Cardo is implementing offerings from Ariba “Procure-to-Pay” to create and enforce an efficient procurement process through which it can not only find opportunities for savings, but convert them to hard-dollar results. The software solution is delivered as a service through the Ariba Commerce Cloud, Ariba Procure-to-Pay provides companies with all of the tools necessary to dynamically manage suppliers, processes, budgets, approvals and payments on a global basis. Using the service. This ultimately lets Cardo maximize its purchasing leverage through compliance to contracts; ensure that spend is authorized prior to commitment; reduce and control the risk of error, abuse and fraud; and provide a clear understanding of commitments and liabilities.

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dm-drogerie Deploys 1,200 Hypercom Terminals

dm-drogerie markt GmbH + Co German-based drugstore has selected and began deploying more than 3,700 Hypercom “Artema Hybrid” payment terminals to its nearly 1,200 retail outlets nationwide. The “Artema Hybrid” features a single slot ‘hybrid’ card reader and secure integrated PIN Pad to accept both magnetic stripe and chip card transactions. It was the first terminal to be certified according to the TA 7.0 chip-card specifications, recently introduced by the Zentraler Kreditausschuss (ZKA) German banking association.

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MoneyGram Forges Partnership For Expansion

MoneyGram International global money transfer intends to extend its market presence in Malaysia thanks in large part to a recent influx of migrant workers and foreign students. This included a 30% increase in transaction volume in 2010, during which time the global remittance business exceeded USD 400 billion for an increase of 6% over 2009. According to the World Bank, Malaysia currently ranks sixth on the list of top 10 send countries with a remittance outflow of about USD 7 billion annually. This reinforces Malaysia’s key position for MoneyGram as a continuously growing send market within the Asia Pacific region. Facilitating this expansion is its partnership with MayBank.

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GlobalPlatform Updates Card Security

GlobalPlatform secure chip technology has completed maintenance work on its Card Specification, Configurations and supporting guidelines with the introduction of its v1.0.1 of its UICC Configuration. Deploying GlobalPlatform Card Specification v2.2 within the mobile services sector and managing the delivery of over-the-air services. GlobalPlatform has also updated the Mapping Guideline Configuration, which guide card implementations based on Card Specification v2.1.1 to a GlobalPlatform card compliant to v2.2. Updates have also been made to the Java Card and MULTOS API for GlobalPlatform Card Specification v2.1.1, as well as GlobalPlatform Card Specification v2.2 Amendment A 1.0.1. These documents can be downloaded free from the GlobalPlatform website by any interested party.

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Vindicia and GlobalCollect Forge Partnership

Vindicia SaaS billing solutions for digital merchants has entered into a partnership with GlobalCollect to give its customers access to its portfolio of local, international, and alternative payment methods. This strategic cooperation offers Vindicia’s merchants in the digital goods space the opportunity to obtain best of breed billing and subscription services, combined with GlobalCollect’s broad range of popular payment options via its single-interface platform WebCollect.

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94% of North American Consumers Would Use Secure mPayment

Mobio Identity Systems international mobile payments and marketing company, released a comprehensive report on mobile payment adoption and use in North America called “Mobile Commerce Handcuffs”. In it is disclosed 94% of respondents would make a mobile payment if they knew it was secure. There are numerous additional significant findings, which are supported with charts, graphs, and statistics. Overall, the report highlights the significance of security as a barrier to growth of the m-commerce market.

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Mobile Payment Users to Surpass 375 Million by 2015

With banks such as US Bank and Regions introducing expanded mobile phone
payment and banking options, advancements in this market are
ever-expanding. This year, it is being projected the m-payment audience
will move from that of margin to more mainstream from about 116 million
to over 375 million by 2015. The sector is growing rapidly, with some accounts
indicating the number
of active users of mobile money services predicted to double in the next
two years, exceeding 200 million by
2013. Nearly 40% of active users in 2015 will be in the Africa&
Middle East region.
These findings are according to research
from In-Stat, which discloses the importance of such factors as growing
smartphone penetration; consumer comfort level; a desire to develop
opportunities to generate revenue from mobile based commerce; and
infrastructural developments supporting contactless payments.

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Smart Card Alliance Conference Focuses on EMV and Secure ID

The Smart Card Alliance’ theme of its 2011 Annual Conference will be “The Roadmap to EMV Payments and Secure ID.” Attendees will participate in presentations and discussions on the advancement and growing adoption of smart card technology in EMV, contactless and mobile payments, and secure identification. The conference will be held May 3rd through May 5th, with pre-conference workshops on May 2nd, at the Hyatt Regency McCormick Place in Chicago. The Conference will allow professionals in the payments and security markets to gather together to share use cases and best practices, meet vendors in the large exhibit hall, witness live demonstrations, network with industry peers, and more.

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Wells Fargo Reports Remittance Transactions Up 43%

Wells Fargo & Company announced record growth for its Global Remittance Services business, with transaction volume growth of 43% and dollar value growth of 41% from 2009 to 2010. Total value remitted in 2010 totaled more than $1.41 billion to 15 countries. The number of customers using the service increased 41% from 2009 to 2010. During fourth quarter 2010, overall remittance transaction volume growth was 43% over fourth quarter 2009 and total dollar value remitted growth was 49%. Wachovia financial centers that converted to Wells Fargo stores drove 31% of the total dollar growth during the fourth quarter of 2010. The Wells Fargo distribution includes over 27,000 remittance payout locations with 26 remittance network companies in 15 countries, including: Mexico, Guatemala, El Salvador, Honduras, Nicaragua, Dominican Republic, Colombia, Ecuador, Peru, Bolivia, Argentina, the Philippines, India, Vietnam and China.

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