Bancorp Payment Solutions & InsurCard Launch Prepaid Visa

The Bancorp Bank Payment Solutions Group has joined with
InsurCard to offer an instant issue prepaid card program to North
American Risk Services for property and workers
compensation claims. The “InsurCard” offers great benefits for an injured worker or a
displaced homeowner because they can begin using the funds immediately
anywhere that Visa debit cards are accepted.
This card is issued by The Bancorp Bank pursuant to a license from Visa
U.S.A. The “InsurCard Prepaid Card” was specifically designed to meet the stringent requirements of both the
insurance and prepaid card industries.

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FSV&Allpoint Ink Contract Renewal

Allpoint Network Cardtronics affiliate, a surcharge-free ATM network operator, has renewed its agreement with FSV Payment Systems network branded prepaid debit card products and processing services. Allpoint has available 37,000 surcharge-free ATMs in major retail locations, including 7-Eleven; Target; Costco; CVS/pharmacy; and Walgreens. The ATM locations are across the United States and the United Kingdom, offering greater access, convenience and savings to customers of financial institutions. FSV Payment Systems was founded in 1999 to deliver prepaid card programs for payroll, rebates, loyalty and promotions and general-purpose reloadable cards for retail and gift.

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NRF Reports Uptick in Retail Sales for January

January retail industry sales increased 0.5%
seasonally adjusted month-to-month and decreased 0.2% unadjusted
year-over-year. Sales at electronics and appliance stores increased 1.2%
seasonally adjusted, but decreased 7.6% unadjusted year-over-year. These
figures, according to the National Retail Federation, also show
clothing and clothing accessory store sales increased 0.3%
seasonally adjusted month-to-month while having decreased 1.7% unadjusted
from January 2009. Additional findings show sporting goods, hobby, book and music stores also saw
solid increases, with sales jumping 1.0% seasonally adjusted from
December and 5.5% unadjusted year-over-year. The housing market is still showing signs of uncertainty
as sales at furniture and home furnishing stores fell 1.4%
seasonally adjusted over the previous month and 6.4% unadjusted
year-over-year.

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INSIDE Contactless Pilots The NFC Cosyphone

INSIDE Contactless has deployed its NFC technologies for the Sagem Wireless
“Cosyphone”
commercially available NFC
handset. INSIDE’s core NFC offerings, the “MicroRead” NFC
controller chip, the “Open NFC” protocol stack and the “Wave-Me” handset
client software are working together to enhance the user experience
for the “Cosyphone.” Aimed at the over 50’s market, the “Cosyphone” enables users to make
calls, send text messages or access data services such as weather or
traffic information simply by waving the phone near an NFC tag or smart
poster without having to navigate through more cumbersome menus.
With INSIDE’s Wave-Me technology in the “Cosyphone,” waving the device
at a poster automatically simulates a complex series
of keystrokes, eliminating awkward, time-consuming, multi-keystroke
chores.

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TOURISM CARD PROMO

Global internet provider Afilias has acquired mTLD Top-Level Domain Ltd., the sponsoring organization and registry operator for the .mobi top-level domain. Under terms of the private deal, Afilias Limited has acquired all of the issued and outstanding capital stock of mTLD Top Level Domain Ltd, known publicly as dotMobi, and plans to continue operating dotMobi as a wholly owned subsidiary.
Afilias and dotMobi have worked closely together since the Mobi JV (predecessor to dotMobi) was started by Nokia, Vodafone and Microsoft to apply to ICANN for the .mobi TLD in 2004. Upon approval, Afilias provided registry services in support of the successful launch in 2006, and today there are nearly one million .mobi registrations. Now more established, dotMobi will benefit from the increased focus that a seasoned registry expert like Afilias will provide.

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UniRush & Firstsource Ink Customer Care MGMT Agreements

Prepaid card provider UniRush has signed a three year agreement with
business management service Firstsource
to provide customer care management services to UniRush cardholders.
Firstsource will provide customer care services including call center
and back office management, in addition to supporting UniRush’s e-care
work stream. The partnership is expected to provide UniRush with
increased operational efficiency, better risk mitigation and business
continuity planning (BCP) and
cost competitive solutions that help support its expanding operations in
the U.S. UniRush LLC was created to offer the over
48 million Americans without access to a traditional banking
relationship an array of basic financial services via the Prepaid Visa
RushCard.

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CYBERCOM

Global consultancy Cybercom will debut its new mobile digital wallet at the Mobile World Congress.
Cybercom’s pilot project is unique, wherein it connects NFC technology, which
makes it possible to complete a payment transaction by simply swiping
the mobile, with WPKI technology, which ensures high security when
making payments through the mobile. Several industry analysts believe that the mobile phones released this
autumn will already be technically capable of using the technology
currently under development at Cybercom. At the trade show in Barcelona,
Cybercom will demonstrate how the entire transaction chain works.

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TSYS Launches Card Offering Checking& Credit Options

TSYS has rolled out the “TSYS Hybrid” card that offers both checking and credit options on one card.
The consumer can pre-determine payment preferences by dollar amount,
type of transaction or both, or allow the card issuer to create unique
spending preferences by
posting transactions to their various accounts using their Web browser.
Transactions are conducted to allow consumers to carry credit balances
or ’pay now’ from their deposit or other accounts depending on what
works best for them. Credit, checking and other deposit accounts may be
used for payments, creating a consumer-directed way to manage household
finances.

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VERIFONE & TRUNKBOW

VeriFone Holdings is a co-lead investor in a reverse merger financing for ROC-based payments and value-added service applications company Trunkbow International Holdings.
VeriFone invested $5.0 million of the approximately $22.5 million raised. The transaction values the company at a post-money valuation of $65.0 million. Albert Liu, VeriFone senior vice president and general counsel, will join Trunkbow’s board of directors effective today.
Trunkbow has announced that VeriFone has been named the preferred supplier of payment systems technology to Trunkbow and has awarded VeriFone with an initial order to supply wireless payment solutions, including the CDMA-based Nurit 8000. In 2009, Trunkbow began rolling out its mobile payments platform initially throughout the province of Shandong with one of the large China telecom carriers and plans similar deployments throughout multiple provinces with multiple telecom carriers. Together, Trunkbow and its telecom partners expect to deploy approximately 125,000 mobile payment terminals integrated with Trunkbow’s 2.4 GHz Near-Field Communications (NFC) technology over the next 3 years.

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Symantec Helps PSG Reduce IT Security Costs

Symantec has announced Payment Systems Group has cut endpoint security administration time in half and experienced zero downtime due to malware after deploying Symantec Endpoint Protection Small Business Edition company-wide. Payment Systems Group (PSG) online payment processing company helps customers accelerate the payoff of their mortgages and other loans resulting in a reduced payoff period and shaving thousands of dollars off their obligations. To secure sensitive customer data, PSG selected Symantec Endpoint Protection Small Business Edition for its easy-to-use, enterprise-level protection that optimizes performance and system resources so small businesses can get up and running quickly. PSG has also turned to Symantec for data backup and recovery with the Symantec “Backup Exec.”

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Merchant360 Makes Available VeriFone Mobile Payment

Merchant360 POS solutions is now offering VeriFone’s “PayWare Mobile” hardware and gateway services for free with 2 year contract or for sale without commitment. Offering POS hardware, software and services, Merchant360 has also developed and released its “MobiTranz” mobile card application through Authorize.net to give merchants options depending on how they plan to use the solution. MobiTranz allows merchants to get a customer relationship management system that supports loyalty and SMS surveys while the Verifone hardware solution attaches to an iPhone and allows merchants to swipe and accept credit cards wherever they are.

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PYMNTS.com Grills Paypal&Wells Fargo on mBanking

PYMNTS.com interviews execs from Paypal and Wells Fargo with a focus on
the changing mobile banking landscape.
In the two months since its launch, PYMNTS.com has assembled a very
large and highly engaged community of relevant and senior industry
executives and opinion makers across the payments ecosystem who
regularly click on its newsletter, visit the site, and spend a lot of
time there. PYMNTs.com has become the “hub” for payments innovation for
those whose core business is payments and for those who view payments as
central to their own commerce capabilities.

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