PayPal Launches iPhone Send Money App

PayPal has unveiled a new Send Money application for iPhone. Version 2.0
of the PayPal Send Money app gives PayPal and iPhone customers around
the world secure mobile access to their money and convenient features
for everyday life, including Bump money transfers, Split Check and
Collect Money. With “bump” users can put two iPhones together for quick
PayPal transfers; “Split Check” allows users to divide and quickly
reimburse each other for the cost of a meal, including tip and tax, for
up to 20 people; and “Collect Money” allows users to request money from
multiple people for a joint gift, team dues, concert tickets, and more.
The new Send Money app comes at a time when smartphone sales have
surpassed 172.4 million units in 2009, and consumers worldwide are
expected to spend $119 billion by 2015 through their mobile phones.
PayPal mobile transactions have increased nearly six-fold, from $25
million in 2008 to $141 million in 2009.

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First Data & Tyfone Launch MicroSD-Based Contactless M-Payments

First Data electronic commerce and payment processing and Tyfone mobile contactless payment and secure mobility solutions have inked collaborative agreements to provide “SideTap” MicroSD memory cards. Equipped with Tyfone’s m-contactless payment solution, “SideTap” works like an actual mobile “wallet,” complete with financial information and secure identification from multiple sources. Without losing core memory card, the m-wallet solution can function through such sources as specific retailers or financial institutions in both open-loop and closed-loop scenarios. The “SideTap” card’s onboard controller that manages over-the-air (OTA) access, in conjunction with the u4ia, (pronounced euphoria) mobility platform is fully expandable. First Data will provide merchants and financial institutions with Tyfone’s patented SideTap secure memory card and u4ia mobility platform for OTA life cycle management.

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VoiceCash Appoints New VP Sales & Marketing

Pascal Beij has been appointed VP, sales and marketing with VoiceCash Mobile Bank international mobile money transfer services to oversee increasing marketing activities and growing sales revenue. Pascal Beij comes to VoiceCash from ZBG Group private equity company, where he was in charge of Commercial Strategy and Business Development for the Consumer Finance businesses. Bringing with him over 13 years of Sales & Marketing experience in Financial Services and FMCG and worked for companies like Nike and GE Capital, where the 36-year old held various leadership positions in GE Money and GE Commercial Finance.

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HYPERCOME & MCS

Hypercom Corporation has announced that vending solution provide MCS MICRONIC Computer Systeme GmbH has selected and will resell Hypercom’s high security Artema Modular to integrators and retailers in Germany. Three of the major regional rail transit operators in Germany use Hypercom’s Artema Modular self-service payment terminals with GPRS to speed ticketing in more than 370 trains serving over 200 million commuters and other travelers per year. The popular product enables pay at the pump in Portugal, and payment at on-street parking machines in the Belgian capital Brussels. In addition to venues across Europe, the Artema Modular provides convenience, security and speed to consumers at self-service machines in the Middle East, Asia Pacific and North America.

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NCR Adds C-Store Sheetz As Kiosk Partner

NCR Corporation has added PA-based Sheetz convenience stores to its growing roster of retail partners. NCR’s outdoor kiosk is the most secure and highest-capacity weather-protected DVD-rental kiosk in the industry. With capacity for more than 900 DVDs each, the kiosks provide consumers the widest, most popular selection of new and classic DVDs available. By the end of March, consumers can visit NCR’s BLOCKBUSTER Express-branded DVD-rental kiosks at nearly all 365 Sheetz locations open 24 hours a day. This represents NCR’s first major BLOCKBUSTER Express kiosk deployment in six new markets located throughout North Carolina, Ohio, Pennsylvania and West Virginia.

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BMO WORLD ELITE MC

BMO Bank of Montreal has launched a new MasterCard product designed for Canadians that will provide cardholders with first-class benefits. To complement the MasterCard benefits, BMO is launching its proprietary rewards program that will provide customers with superior value, choice and flexibility. Customers will earn 1 BMO ELITE Rewards point for every $1 spent in purchases and the rewards points never expire. BMO is the first financial institution to leverage MasterCard’s World Elite benefits and develop a best in class travel rewards credit card. The MasterCard World Elite Program features exclusive access to tickets to popular concerts, theatre events, international cultural events, luxury travel packages and much more. Special offers with select partners including Mandarin Oriental Hotel Group and Fairmont Hotels and Resorts are also part of the program.

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Star Micronics Intro TSP100ECO POS Printer

Star Micronics has unveiled the TSP100ECO POS printer. The TSP100ECO
is designed to
minimize the environmental impact of point of sale receipt printing.
The TSP100ECO provides users with an impressive selection of innovative
features that help to reduce negative environmental effects. Part of
the efficient power management system is a unique sleep mode
feature that powers down the receipt printer when not in use and has the
ability to instantly power up. For the merchant that prints an average
of three hundred 6″ receipts per day, the printer is only actively used
for approximately 5 minutes of print time.

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ARM SC000

ARM has announced the launch of the highly compact and energy-efficient ARM
“SecurCore SC000” processor designed specifically for the highest volume smartcard and embedded security applications. The “SC000” combines the proven security features of ARM SecurCore processors, currently the most widely licensed 32-bit CPU for smartcards worldwide, with leadership technology from the Cortex-M0. The result provides comparable performance at three times the energy efficiency and one third of the size. The SC000 processor’s low power footprint makes it an ideal choice for a range of contactless and NFC applications.
The highly configurable security features of the SC000 processor enable vendors to easily design a diverse range of differentiated secure devices for specific smartcard applications while retaining forward architectural compatibility with the high-end SC300 processor, enabling easy migration to high-performance, high-security applications.

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Radiant Systems Offers Token Replacement Payment Security

GA-based POS solution provider Radiant Systems has released “Token Replacement”, a new payment security feature that allocates a unique identifier, or token, to cardholder data at the RBS WorldPay host to prevent personal information from being stored on the point of sale. “Token Replacement” is designed as a point-of-sale feature that is tightly integrated into the latest version of the Aloha POS. When credit cards are swiped, data is first sent to the secure RBS WorldPay host, which then processes the payment and returns a unique token identifier to the POS for future reference. In addition, the seamless integration of Token Replacement with Aloha POS software increases speed of service by reducing processing time to let sales happen faster and maximize profits.

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SMARTCARD LOYALTY

ePayment provider sQuid has launched a new contactless smartcard-based loyalty schemes. Through a scheme of their choice retailers can now appeal to new customers and reward their frequent customers. Loyalty schemes could
include cash back or a loyalty reward after a certain value of spend
or number of transactions. A unique benefit of sQuid is that business
owners can personalise the scheme to their needs with own-branded sQuid
cards, and communicate with customers via a branded portal.
sQuid uses leading-edge contactless smart card technology, providing
customers with an online account where they can view their transactions,
as well as keep track of their loyalty funds. The funds on the card are
protected with a central host system, far better than flimsy ‘stamp
cards’ common with some loyalty schemes and which are open to abuse.
sQuid’s unique pre-pay system enables multi-functional
smart cards, combining eMoney retail payments, ITSO (Transit) schemes and council smart card initiatives.

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CONSUMER PROTECTION

Option Consommateurs, a not-for-profit association dedicated to the defence and promotion of consumers’ rights, is
concerned about the adoption of the Code of Conduct for the Debit and Credit Card Industry introduced by the Finance Department in November 2009 and slated for adoption in the latest federal budget. If adopted as is, this voluntary code would give more power to merchants, to the detriment of consumers. Option Consommateurs
has stated that whenever consumers make a purchase, they must be able to freely and transparently choose their preferred payment method from among those offered by the merchant. However, the voluntary code allows merchants to require the payment method of their choice and the government should prohibit overbilling resulting from the mode of payment used, in order to permit consumers to compare competitors’ prices more easily.

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COMMERCIAL CONTACTLESS

Barclays has launched the first European commercial contactless debit cards to its business customers. All Barclays Business customers receiving new or re-issued cards will find that they come with contactless technology as standard. This enables them to pay for low value transactions by holding the card over a reader, without the need to enter a PIN or insert the card into a terminal. Over six million people in the UK already have a contactless-enabled Barclays VISA debit card or Barclaycard credit card since the bank became the first in the UK to begin rolling-out the technology to its personal customers in 2007. The maximum limit for contactless card transactions increased recently from GBP10 to GBP15 in line with demand from retailers and customers, widening the appeal of the technology.

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