Blackhawk Appoints New President of International

Dan Dmochowski has been promoted President of International with the Blackhawk Network prepaid and financial payments products. With this, Dmochowski will have full responsibility for all of Blackhawk’s International operations, including the development of both product distribution and card partnerships. Under Dmochowski’s direction, Blackhawk Network has already expanded from the United States to 17 countries around the world, and established relationships with the top retailers in each of these countries. Blackhawk Network has successfully secured partnerships with leading retailers in countries such as Canada, Mexico, United Kingdom, France, and Australia.

Details

3 Major Carriers Launch mPayment JV

Verizon Wireless, AT&T Inc. and T-Mobile USA have partnered to kickoff the “Isis” partnership to compete with credit card companies. Implementing NFC payment through the ‘Gingerbread’ Android smartphone on the Discover Financial Services’ payment network, “Isis” allows users to conduct payments with a wave of their phone and support industry standard NFC chips. This is Discover’s answer to compete with Visa and MasterCard mobile payment initiatives and adds to the fierce competition for the top mobile payment network. This comes on the heels of recent research concluding mobile payments will account for $214 billion in gross dollar volume by 2015, up from US$16 billion in 2010, for a 68% compound annual growth rate. This, according to Aite Group, is based on data drawn from such major players as American Express, Apple, AT&T, Bank of America, Bill2Mobile, BlackBerry, Bling Nation, BOKU, ClairMail, Visa’s Cybersource, Diebold, Discover, Euronet, First Data, FIS, Fiserv, Gemalto, Global Payments, Heartland Payment Systems, Inside Contactless, Intuit, MasterCard, Mocapay, MoneyGram, Monitise Group, mopay, NetSpend, Nokia, Oberthur Technologies, Obopay, Sybase, VeriFone, Visa, ViVOtech and Wincor Nixdorf.

Details

LUNA

The SafeNet “Luna” HSM has been selected by Cards Prepaid Ltd to support transparent data encryption, PIN retrieval, and high levels of cryptographic operations per second. The Luna SA HSM also ensures compliance with the latest PCI DSS. The “Luna” SA HSM from SafeNet was selected over rival vendors including Thales, due to the combined functionality and service for PIN IVR, customization and support of MSFT EKM. Cards Prepaid is now able to integrate Microsoft’s SQL Database for storage of sensitive customer information, using the Luna SA HSMs to securely store the server’s master cryptographic keys, whilst creating an audit trail to maintain compliance. Deployment of the Luna SA was completed in less than four weeks.

Details

Fiserv Announces New Repurchase Authorization

The Fiserv Board of Directors has authorized it to repurchase up to five million additional shares of the company’s common stock, or approximately 3 percent of its outstanding shares. As of March 1, 2010, the company had approximately one million shares remaining in its previous repurchase authorization. Under the new authorization, Fiserv may repurchase shares in the open market or in privately negotiated transactions at the discretion of management, subject to its assessment of market conditions and other factors. This authorization does not expire.

Details

Trustwave Upgrades Web App Firewall

Trustwave information security and compliance solutions has upgraded its “WebDefend” Web Application Firewall. A Web application firewall (WAF) is a technology that provides protection for Web applications (such as an e-commerce site) against cyber attacks. Trustwave WebDefend provides Web applications with real-time, continuous security against attacks and data loss, ensures Websites operate as intended and help businesses comply with PCI-DSS. It protects Web applications from attacks that could disrupt business and compromise sensitive data. The “WebDefend” solution can be purchased as a stand-alone product, or as a component of Trustwave’s 360 Application Security program, which combines Secure Code Training, Application Penetration Testing, Code Review and Trustwave WebDefend with Virtual Patching into a holistic application security program.

Details

Digital Payment Intros Parking Pay Stations

Digital Payment Technologies parking technology and solutions has sold its “65 LUKE” multi-space parking pay stations to the City of San Buenaventura (Ventura), California. DPT was chosen for its environmentally-sustainable solar powered solution, integration with third-party enforcement and citation processing solutions and industry-leading customer service and support. Additional factors involved with the selection include the aesthetically-pleasing design of the “LUKE” paystations, and the user-friendly interface featuring graphical color screens, receipt distribution and convenient payment options for consumers. Ventura is planning to add mobile phone payment capabilities that will increase convenience for consumers and help the city manage parking more efficiently.

Details

VISA CEWC 2010

Visa Canada is set to sponsor Credit Education Week Canada 2010 (CEWC 2010) on November 15th – 19th. Reinforcing Visa’s global commitment to financial literacy, the company believes that it is essential to contribute to and participate in important conferences like CEWC 2010. This is the fourth year in a row Visa Canada has supported Credit Education Week. CEWC 2010 will have a special focus on providing financial education to newcomers to Canada. There will be over 30 events running throughout the week across Canada. Participation in many CEWC 2010 events is free and the featured Professional Development Day (scheduled for November 16th), brings together leading experts from the financial services industry, consumer advocacy groups, community organizations and government to help teach professionals, front line service providers and individuals best practices in financial education.

Details

Ariane Deploys Hypercom Payment Solution

Ariane Systems self-service check-in / check-out kiosk technology for the hospitality industry is set to implement Hypercom “SmartPayments Wynid” integrated payment solution. As the official reseller of the SmartPayments Wynid integrated payment solution to the hospitality industry in France, Ariane now offers an extremely secure universal payment system to maximize security and offer flexibility to hotel chains. Ideal for properties with multiple POS, the “SmartPayments Wynid” solution allows payment to be processed from the check-in/out kiosk itself, from the payment terminal at the front desk or by e-payment, depending on the guests’ preferences. This not only significantly reduces the cost associated with each transaction for the hotel, but also reduces the risk of errors and decreases the length of each transaction to only a few seconds, providing added convenience to the property’s guests.

Details

Intuit Posts Revenue up 12% Y/Y

Intuit announced 3Q/10 financial results-its first fiscal quarter- posting revenue growth up 12% since the year ago figure to $532 million. This was thanks in part to customer growth in Small Business, led by QuickBooks Online and Intuit Websites, which grew subscriptions 46% since the year ago figure to an active customer base of about 217,000 and by 60% from the year ago figure, respectively. Transaction volume per merchant was down 3%. Meanwhile, in conjunction with mophie hardware provider, Intuit “GoPayment” all-in-one mobile payments solution that allows small businesses to easily swipe and process credit card payments via the Apple iPhone saw revenue up 1% since the year-ago quarter; internet banking users grew 11%; and bill pay users grew 19%. For fiscal year 2011 the company expects revenue of $3.74 billion to $3.84 billion, a growth of 8 to 11%, and for the next quarter is projecting a revenue of $920 million to $940 million, a growth of 10 to 12%.

Details

Smart Card Alliance Gets New Board

At the 9th Annual Smart Cards in Government Conference, the Smart Card Alliance announced its 2010-2011 board and seven-member executive committee. Elections were held during the 9th Annual Smart Cards in Government: Identity, Security & Healthcare Conference, making board chair Neville Pattinson from Gemalto; vice chair Bryan Ichikawa of Unisys; treasurer Willy Dommen of Booz Allen Hamilton; secretary Garfield Smith of Oberthur Technologies; assistant treasurer Brian Russell of Giesecke & Devrient; and technology vice chair John McKeon of IBM. Returning members include Bray Becker, Lockheed Martin; Linda Brown, Infineon Technologies; Matt Calman, Bank of America; Clair Fiet, Utah Transit Authority;
Roland Fournier, L-1 Identity Solutions; Greg Garback, Consultant; Bob Gilson, U.S. Department of Defense/Defense Manpower Data Center; Dale Grogan, LifeMed; Simon Hurry, Visa; Oliver Manahan, MasterCard Worldwide; Dom Morea, First Data; and Keith Ward, Northrop Grumman.

Details

Zuora Kicksoff Subscription Payment Solution

Zuora subscription billing has kicked off its “Z-Payments 3.0” subscription commerce solution to ease payment management operations. The “Z-Payments 3.0” offers over 50 new features to help companies automate their subscription payments operations for the 21st consecutive month of product innovation and is combined with Zuora’s Z-Billing and Z-Force applications to serve the subscription economy. It gives users Proactively Manage Payment Notifications; Flexible Payment Options; Robust Payment Processing; payment Adjustments On-the-Fly; Detailed Payment Analytics; and Easy Customization, Integration and Management.

Details