Skrill digital payments has partnered with Linden Lab to integrate the Skrill Digital Wallet as a payment option for Second Life user-created virtual world. Users can buy Linden Dollars (L$) with their currency of choice at the market exchange rate. Linden Dollars are then used for transactions among users for a wide variety of user-created virtual products and services in the Second Life marketplace. Since Second Life first opened in 2003, millions of people from all over the world have participated in the vibrant virtual economy, and Linden Lab pays out tens of millions of dollars to successful Second Life content creators every year. Skrill’s Digital Wallet provides users with a secure and easy method to send and receive Linden Dollars. Skrill 1-Tap, Skrill’s recurring payment solution, allows users to enter their information only once to enable continuous payments thereafter with just one tap or click.Details
The UK’s LINK ATM network announced Christmas 2014 was a record time for cash machine withdrawals. A total of £662 million was dispensed by ATMs on 24 December 2014, with an average withdrawal of £82. This was a 22% increase on the £544 million dispensed on the same day in 2013 while £11,899 million was withdrawn throughout December 2014, an increase of 4% on December 2013, which totaled £11,468mn. There was also an increase on New Year’s Day, with 14% more cash withdrawn this year than last (£164 million on 1 January 2015, compared with £144 million on 1 January 2014).Details
Gemalto announces the final closing of the acquisition of SafeNet data and software protection. This followed the approval by the relevant regulatory and antitrust authorities. SafeNet will be integrated with Gemalto Payment & Identity segment and its contribution mainly consists of Platforms & Services activities.Details
While U.S. credit card outstanding, among the top 4 issuers, were flat year-on-year (Y/Y) in the third quarter, it is likely to grow 2% Y/Y in the fourth quarter (Q4/14) and for all of 2015. Driving the growth is Capital One while Bank of America is hampering the peer group growth.Details
IL-based Zebra Technologies has unveiled a crop
of nine new products, solutions and services in the wake if its acquisition of Motorola Solutions’ Enterprise Business in October 2014. Most notably the Zebra PD40 mobile payment solution which supports mobile payments anywhere in the store using virtually any type of payment card.
Comprion test solutions for cell phones, extends its involvement in EMVCo activities. Testing for mobile payment is now required by the mobile operator association GSMA through their NFC Handset Test Book. Comprion joins EMVCo as a Technical Associate. The company offers its experience and expertise in detecting communication problems of the contactless interface used for mobile payment. Paying by cell phone is certainly a convenient way of purchasing everyday commodities; however, it is also a sensitive topic as the user’s private banking data are involved. A high degree of reliability of the deployed technology relying on comprehensive testing is the key success factor. Without testing, technology problems might lead to a lack of user acceptance. Therefore, the GSMA TS.27 NFC Handset Test Book demands that handsets to be used for mobile payment have to run through the EMVCo test plan.Details