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.”

Details

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).

Details

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.

Details

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.

Details

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.

Details

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.

Details

GPN 3Q/02

Atlanta-based Global Payments reported that revenue for the quarter ending August 31st grew 15% to $127.7 million compared to $111.0 million in the prior year. Operating income was up 11% from $22.7 million one year ago to $25.3 million. The company said it was pleased with the performance from its ISO and direct channels, as it is signing a record number of new merchants in the U.S. and Canada. Also GPN says its average ticket and spread hold steady due to its diversified merchant portfolio. As a result, GPN reaffirmed its revenue guidance of $495 million to $514 million for fiscal 2003. For complete details on GPN’s latest performance visit CardData ().

Details

VISA ISO 14443

VISA International has developed a new global payment specification to facilitate contactless payments via smart cards or other electronic devices. This is the first time that ‘contactless’ payment chip technology has been applied to general-purpose payment cards. Based on an international standard, ISO 14443, the new specification uses a chip embedded in a plastic card or an electronic device, such as a mobile phone which is then held in front of a terminal and a wireless interface to transmit the payment information. The first use of this new specification is expected to be in South Korea with SK Telecom. VISA and SK Telecom are already working together to test the viability of infrared payment for mobile phone users. Prior to VISA’s announcement, the most common use for the technology has been in transit systems, particularly in Europe and Asia. The new specification will allow for its use for everyday payments should VISA member banks and merchants wish to introduce it. Vendors working with VISA on the use of new specification include Cybernet, Ingenico, Philips Semiconductors, SchlumbergerSema, and Smart Card Systems.

Details

InfoSpace Authorize.net

InfoSpace’s Authorize.net has inked a deal with University of California to be the “preferred” provider to enable the processing of credit card transactions online. The Authorize.Net payment processing platform was also selected by New York Times Digital to facilitate the processing of certain credit card transactions online. Authorize.Net has more than 1,200 resellers and is offered as an IP-based payment platform to both financial institutions and merchant service providers, enabling them to offer payments services under their own brands. The service also has more than 170,000 merchant account sign-ups.

Details

BNA & PAYMENTECH

Toronto-based BNA Smart Payment Systems is now certified to process credit and debit transaction through Dallas-based processor Paymentech. The BNA application runs on a Banksys “C-ZAM/SMASH” terminal, which has an integrated pin pad for the secure debit transactions, is certified for the retail industry. The certification is unique in that the application was developed in standard Java language. Most payment applications are developed in either proprietary or older languages. Also noteworthy, the application runs on a Banksys terminal, which features more current technology than the “gray box” Ethernet communications cards, WAP browser for Internet access and smart card compliance features like EMV. The terminal and application reads standard ABA magnetic stripe cards and ISO standard smart cards.

Details