WU MONEY IN MINUTES

The Western Union Company and Banco do Brasil have teamed to offer the “Western Union Money Transfer Money in Minutes” service online to Banco do Brasil banked consumers through the bank’s Web site. The online money-transfer service arrangement with Banco do Brasil is an important step in Western Union’s “go-to-market” strategy in Brazil. As Western Union expands its money-movement service offerings, and in an effort to strengthen both its relationship and value proposition with consumers, the company looks to tap into cash, account and card-based solutions. The Western Union Money Transfer service has been available in Brazil since 1997, when both companies started the relationship, providing international money-transfer services through Banco do Brasil’s network that currently includes more than 5,800 locations.

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Hypercom Introduces Secure Payment Solutions for iPhone

Hypercom Corporation has unveiled the first two members of a product family that enable smartphones to accept card payments for merchants with Apple iPhones who demand secure card present processing capabilities on the smartphone platform. Hypercom’s “SmartPayments” payment solutions for the iPhone extend the use of electronic payments beyond in-store retail to home merchants, door-to-door delivery and repair services, event vendors and an array of other merchants with business-critical features not provided by recently-announced competitive units. “SmartPayments Mobile” is also designed for upscale retailers who want to stay close with high-value customers on the retail floor and expedite their purchases. It also feature encrypted, PCI, PA-DSS certified high security to fully protect the iPhone from scratches and other damage that results from using less protective products. Meanwhile, the “MobilePlus” solution adds a barcode scanner for instantaneous pricing, inventory control, auto population and validation of drivers’ licenses or other forms of barcoded information as required for on-the-go merchants selling products and services.

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VeriFone Deploys MSI as a PAYware Mobile iPhone Processor

VeriFone’s has chosen NJ-based MSI Merchant Services payment processor to distribute and process its “PAYware Mobile” credit card encryption sleeve. It is now readily available to the ISO’s of MSI, and the application software, available through the iPhone Apple Store, is free of charge. The sleeve plugs into the iPhone dock connector, cradles the phone and is ready to read the cards. The PAYware Mobile allows the secured acceptance of credit cards anywhere, any time with an iPhone 3G or 3GS and a merchant account. Transactions initiated by PAYware Mobile are managed through VeriFone’s “PAYware Mobile” secure gateway, allowing credit card transactions as well as check card transactions. It also prevents sensitive card data from ever entering the iPhone or being intercepted in transit.

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AirePoint and ezPOS Credit Card Reader Available as iPhone App

The new “AirePoint” wireless credit card reader and “ezPOS” app is now available. “AirePoint”
and “ezPOS” Point of Sale application provides more features than any
other card reader app on the market. In addition to both card present
and card not present capability, signature capture and transaction
voids, “ezPOS” provides an online pricelist for easy one-touch access to
sale items. This enables the merchant to securely process a transaction
in only one minute. “ezPOS” has passed the Payment Card Industry’s PA-DSS
requirements. Global Tek Labs is a developer of iPhone OS apps and accessories,
including custom hardware and software designs for use with iPhones,
iPod touch devices and iPads and has teamed with MersaTech, to provide one-stop shopping
and support for “AirePoint” and “ezPOS” merchants.

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Hypercom Exceeds 250,000 Remote Key Injections in U.S.

Hypercom’s HyperSafe Remote Key System (HRKS) has successfully completed more than 250,000 injections. Hypercom’s HyperSafe Remote Key System standards-based remote key injection product allows retailers to securely initiate on-site, in-store payment terminal key injection at POS. The system offers a fast and highly secure alternative to the industry’s traditional secure room key injection process. It eliminates the need for off-site secure room key injection by incorporating PKI (Public Key Infrastructure) to securely distribute symmetric 3DES keys. HRKS meets ANSI x9.24 and Visa PIN Security Guidelines for remote key management, and is FIPS 140-2 Level 3 and X509 compliant. HRKS is available with Hypercom’s Optimum T4200 countertop and M4200 mobile payment terminals, M4100, and L4100, L4150 and L4250 multilane terminals installed globally since 2004.

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Smartphones Topped 180 Million Units In 2009

The number of smartphones shipped in 2009 topped 180
million units worldwide, with Nokia, Research in Motion, and Apple
sharing 60% of the market. According to research from Parks Associates, annual sales will reach almost 400 million by
2014, and as the number of users approaches one billion, consumer demand
will grow for mobile broadband services that can share content,
particularly high-quality video, across connected devices and the home
network. The Parks Associates sponsored CONNECTIONS Europe to be held April 27 in Amsterdam will
feature consumer research and analysis on new service
opportunities in the mobile sector in the session “Mobile Video: The
Cloud, The App Store & the Connected Home.”

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VeriFone Deploys Next Generation VX Payment

VeriFone Holdings unveiled VX Evolution, delivering the next generation of its popular VX payment solutions family with market-leading enhancements including integrated contactless and end-to-end encryption. The four new VX Evolution systems designed to PCI PED 2.0 specifications, all feature industry-leading performance with ARM11 advanced processors and large standard memory configurations. All provide VeriShield Protect technology built-in to support end-to-end encryption of card data and include the “VX 520” countertop workhorse, featuring standard 160MB memory; the VX 680 mobile payment featuring more memory, large color display touch screen and options for WiFi, GPRS, CDMA and Bluetooth; the VX 820 programmable PIN pad featuring a 3.5” color display and touch screen; and the VX 820 DUET hand-over payment device with integrated PIN pad functionality.

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NIRVANA

Eurobank has deployed Nirvana to process consumer loans and credit card applications.
Nirvana is a single, low-latency product that fulfills an organisation’s
external real-time middleware needs, and which was developed from the
outset to bridge the divide between internal data and external clients.
The solution provides advanced transactional and flow
control semantics between the online application website, the back
office and the Altamira core banking system. Additionally, applications
in need of credit reference checks are transmitted in real time to
Tiresias, the Greek inter-bank credit reference authority and results
are asynchronously added to the back office.

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Dejavoo Teams With Merchant Warehouse On Product Development

Merchant Warehouse has announced that the Dejavoo line of terminals will
be the preferred platform for new product development by Merchant
Warehouse. Dejavoo Systems is a comprehensive,end-to-end electronic
payment provider that integrated the Merchant
Warehouse “BINsmart” software to its terminal application and enabled
periodic updates via its Value Added Server eliminating redundancy with
communications and setting up a dual communication infrastructure
between Terminals and Merchant Warehouse’s back end operation.
Dejavoo Systems is a US and Latin American-based value added reseller
and a developer of next generation point-of-sale (POS) devices targeting
desk top and handheld wireless POS terminals and secure applications,
related programs, systems and services. Dejavoo considers transaction
switching, processing and value added services as its core and necessary
components in its goal to provide ISO’s and merchants with an improved
cost effective, and revenues generating solution.

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PAX VP

Payment terminal provider PAX Technology has appointed Carmen Paraschiv
as Vice President of Strategic Development. Paraschiv will be responsible
for working with our internal teams in making sure PAX products meet
industry compliance guidelines and will work very
closely with partners with certifications and rollouts. Paraschiv joined PAX Technology, Inc. after 15 years in the
payment industry. She spent 2 years as EVP of Project Management at
Exadigm, Inc. where she successfully managed their first 3 Class A
certifications. Prior to Exadigm, she was with Lipman for 11 years which
was acquired by Verifone in 2006. Paraschiv held a range of key positions
at Lipman USA including Customer Service and Quality Assurance Manager.
She also was part of the Lipman/Verifone transition team in the US and
became Verifone’s PMO Manager in January, 2007. After leaving
Lipman/Verifone, Paraschiv established Stand by Me, Inc. as an industry
consultant. She holds a Bachelor’s Degree in Economics and Computer Science from
the University of Planning and Cybernetics, Academy of Economic Studies
in Bucharest, Romania.

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Aptys Solutions Launches PayHUB

TX-based payment provider Aptys Solutions has launched the PayHUB
payment processing platform created to support support all aspects of
payment processing, including image exchange, ACH processing, wire
processing, Federal Reserve
messages, in-network exchange (INEX) payment processing and mobile
payments. PayHUB is a multi-client, multi-tenant solution geared for rapid
deployment that creates, aggregates, processes and delivers all
financial institution payments. PayHUB operates in a highly secure
environment, helping mitigate fraud.
By streamlining the payment system, Aptys Solutions enables financial
institutions to make informed decisions through the payment analytics
module.

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