PARADATA & CARDINAL CENTINEL

Whistler, B.C.-based Paradata Systems has agreed to provide the “Cardinal Centinel” merchant authentication software to its customers. CardinalCommerce’s “Cardinal Centinel” is a software authentication platform that supports credit card industry initiatives to reduce the incidence of online fraudulent transactions and guarantee payments to online merchants. Paradata is a merchant provider of white label services to several high-profile financial organizations, including the Royal Bank of Canada and Moneris Solutions. CardinalCommerce also announced that it has successfully completed VISA’s “3-D Secure Vendor Compliance Testing Program, Version 1.0.1,” for both their ACS and MPI components. Cardinal’s ACS component consists of its Payment Authentication Platform, which has been primarily designed to provide authentication services to issuing banks and their cardholders. Cardinal’s MPI component, Cardinal Centinel is used by merchants and merchant service providers to authenticate cardholders’ identities, eliminate liabilities for fraudulent transactions, and guarantee payments to merchants.

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ICICI & CUSTOMER-ASSET

Mumbai-based ICICI OneSource says it has completed the integration of CustomerAsset, a contact center services company that ICICI OneSource acquired in May. ICICI OneSource’s contact center services now include inbound and outbound calls, e-mail, chat and back office processing services. In transaction processing, ICICI OneSource is focusing on specific verticals in the financial services sector where it has extensive domain expertise, including retail banking, credit cards, mortgages, insurance and asset management. ICICI OneSource provides transaction processing support and customer contact services to international clients from offshore facilities located in Bangalore and Mumbai in India, and front-ended by in-market client relationship teams in the UK (London) and the US (New York and Denver).

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Verifone ECA

VeriFone unveiled the “VeriFone CR 1000i” check imaging peripheral which integrates with existing POS payment terminals to facilitate electronic check conversion. VeriFone also announced an agreement to integrate the TeleCheck ECA check conversion product to VeriFone’s “SoftPay” and “Verix” software solutions. Originally designed for use in the multi-lane retail POS environment, the “CR 1000i” has been enhanced with communication options that make it suitable for smaller merchants served by the traditional countertop payment terminal market. The “CR 1000i” employs intelligent imaging algorithms to optimize the size of the check image data, making it easier to store and transmit the data. There is sufficient memory to hold up to 400 check images. An internal 56Kbps modem handles batch transmissions to the processor, bank or clearing organization quickly and efficiently, providing the shortest connect time and lowest transmission costs in the industry. Adding the TeleCheck ECA service to VeriFone’s SoftPay and Verix software solutions will make it possible to convert checks to electronic transactions with a variety of diverse POS options, including the ability to process imageless ECA transactions. Upon completion of the integration this fall, merchants will be able to use the TeleCheck ECA service on several VeriFone terminals, including the “Omni 3200” and “Omni 3300” payment terminals. In addition, retailers will have the ability to add the service to the new “CR 1000i.”

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iPIN Expands EPP

iPIN released the “iPIN 3.0” version of its EPP technology which features a consolidated technical architecture with multiple payment instrument capabilities, new subscription functionality, multi-platform interoperability and increased performance. iPIN 3.0 also incorporates broader functional requirements to meet the needs of the end-to-end payment value chain (i.e. transaction acquisition, real-time accounting and revenue sharing, settlement and customer care).

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MKN 6000

Ottawa-based Mobile Knowledge has signed its first U.S. order for its “Series 6000” mobile data terminals with Barwood Inc., one of the largest taxi fleet tech operators in the Washington D.C. metropolitan
area. The “Series 6000” terminals provide taxi drivers with debit card, credit card and smart card capability. The terminals feature multimedia color touch screens for use by both drivers and passengers, and full GPS location-tracking services. Barwood operates 400 vehicles. More than 4,000 of the “Series 6000” data terminals have been deployed in Canada and the Asia Pacific. Barwood expects to deploy the Mobile Knowledge system by the end of this year.

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DataExpress v2.0

KS-based EPIQ Systems “DataExpress Open Platform v2.0” which provides Web-based file transmissions between business trading partners in a secure, centralized and fully automated environment via multiple protocols and user-interfaces and gives the options of scheduling “CONNECT: Direct or Bulkdata Gateway” transmissions to the Federal Reserve. DataExpress version 2.0 runs on Windows NT and UNIX platforms and offers EPIQ customers the choice of using the new SecureFTP or HTTP/S protocols, in addition to the existing FTP, SMTP, ASYNC and BISYNC options, to establish protected connections between trading partners.

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VXN Expands

Datawire Communication Networks, which offers the “VXN”, a globally focused, secure, reliable, real-time, Internet-based transaction delivery network, has inked an alliance with GO Software and an agreement to provide transaction delivery to CardSystems. Datawire also reported a significant uptake from merchants utilizing Internet-based transport through the First Data Merchant Services IPN which is based on Datawire’s “VXN.” GO Software’s “PCCharge” will be the first application to be enabled and certified to provide merchants with access to this new service offering. Under terms of the multi-year agreement between CardSystems and > Datawire, this best-of-breed solution allows CardSystems to offer its customers fast, secure, reliable and “always-on” access to its payment processing products and services, through the Datawire “VXN” over standard Internet connections.

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AXESS CARD

Akbank’s new “Axess MasterCard” smart credit card has become Europe’s fastest growing credit card, gaining one million customers in its first eight months. The success has been driven by Welcome Real-time’s smart card technology. Due to the success of “Axess,” Akbank’s credit card portfolio has increased by 45%, and the bank’s share of the Turkish credit card market has increased by 53%. Approximately 6,500 merchants have adopted “Axess” as their preferred credit card. In recognition of its success with the new card, MasterCard has presented Akbank with an achievement award. With Axess, the consumer is offered advantages like the chance of winning surprise gifts, the concept of “chip money”, which can be spent as soon as it is earned, and special promotions.

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