i-Free Advances mWallet

i-Free has unveiled new functionality in its “Wallet” mobile app, offering a contactless transport card can be loaded on “Wallet”. The same app will also be used to acquire, store and manage discount coupons. Using NFC technology and QR codes, “Wallet” is now officially available for 8 smartphone models from HTC and Philips. i-Free introduced Russia’s first fully functional NFC Wallet app, which comes built into smartphones, in May 2013. The app uses i-Free TSM (Trusted Service Manager) platform, which has been certified by MasterCard. The MasterCard certificate authorizes the remote issuance of Mobile MasterCard PayPass® payment cards to mobile phones anywhere in the world. Today, i-Free TSM platform is the only certified solution of its kind in the CIS, and one of the first in the world.

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Payvision Adds JCB on Processing Platform

Payvision Payment Solutions specialized in Global Card Processing for the eCommerce market added JCB Card to its global payment portfolio. As the only international payment card brand based in Japan, JCB has built a strong presence in Asia, while processing secure payment transactions for its expanding network of 24 million merchants worldwide. Chinese Wing Hang Bank adds yet another strong brand to its expanding card portfolio, and through this partnership, Payvision is able to offer its customer-base in Hong Kong and Macau a new secure card payment solution, in order for them to benefit from profitable cross-border ecommerce opportunities between China and Japan. Merchants can now add JCB Card to their payment portfolio when processing through Payvision.

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First Data and Discover Announces Merchant Acquiring Agreement

First Data Merchant Solutions direct-to-market merchant acquiring business and Diners Club International announced their merchant acquiring agreement. Allowing First Data Merchant Solutions to accept all cards on the Discover Global Network, including Diners Club and Discover transactions- alongside Visa, MasterCard and American Express- the agreement will be especially important to First Data Merchant Solutions customers in the travel, hospitality and entertainment sectors who service and supply international visitors to the UK. The Discover Global Network is comprised of Discover Card, Diners Club International, BC Global Card, DinaCard and Rupay.

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Wincor Nixdorf Posts 3Q/13 Net Sales Up 5% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Wincor Nixdorf completed fiscal 2012/2013 with year-on-year growth of 5% in net sales and a significant increase of 31% in operating profit (EBITA). In total, net sales generated by the supplier of IT solutions for banks and retailers in fiscal 2012/2013 amounted to €2,465 million (prev. year: €2,343 million), while EBITA…

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DataCash Announces Latest Payment Gateway Client

DataCash, a MasterCard Company, partnered with digital agency Tangent Snowball, to offer their existing clients the benefits of DataCash’s payment gateway. Tangent Snowball offers a unique range of services including bespoke enterprise e-commerce, built upon their open-source framework ‘Oscar’. Oscar is built for flexibility and is used in production by Tata Group, PepsiCo and Carlsberg amongst others. The new partnership with DataCash combines the passion from both companies to provide industry leading technology for online retailers. The collaboration will offer Tangent Snowball clients an enhanced ecommerce service through the DataCash payment gateway enabling a seamless, secure and inclusive payment experience which can be used across multi-channel platforms for both medium and large merchants.

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ACI Completes Acquistion

ACI Worldwide announced it has completed the acquisition of Official Payments Holdings, Inc., a leading provider of electronic bill payment solutions. Under the terms of the agreement, ACI Worldwide acquired Official Payments in an all-cash transaction for $8.35 per share. Official Payments currently has more than 3,000 customers representing access to over 100 million end users. The company processes approximately 20 million payments and over $9 billion in volume annually.

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Bank Better Initiative

BS Citizens Financial Group, Inc. announced the launch of Bank Better, a company-wide program to make banking simple, clear and personal for Citizens Bank and Charter One customers. Bank Better launches with a signature approach to overdrafts — no overdraft fee for transactions of $5 or less – and several other significant updates to the bank’s offerings.This feature applies to an unlimited number of transactions of $5 or less. Replacement of a tiered system of overdraft fees with a simple flat fee of $35 per item for overdrafts and returned items greater than $5. There are no changes to Sustained Overdraft Fees, which apply when an account is overdrawn by any amount, for three or more consecutive days. Complete overdraft policies will be available online starting November 8 when the simplified policies take effect.

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MultiSIM Smart Card

All in one SIM card released by Oberthur Technologies Friday improves flexibility at warehouses and point-of-sale. The card contains the first classic 2FF, micro 3FF and nano 4FF all in one card. It is a key progress on the telecom market as it dramatically improves the user-friendliness of the SIM card. Concretely, it means that the same SIM card can be used in any mobile phone. If end-users want to change from one form factor to another, they do not need to ask their operator for a new SIM card but can just deplug or replug their MultiSIM.

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Post Office Launches SME Card Payment Service

The Post Office has launched a new card payment service to help sole traders and small businesses accept card payments from their customers, in partnership with WorldPay payment processing. This allows small businesses a range of ways to take secure card payments made in-store, online, via mail or telephone order, or on the move – just by visiting their local Post Office. New WorldPay research has revealed that 87% of customers are likely to spend more money per transaction when paying with a debit or credit card, as opposed to cash. And in the last year, one in five (20%) UK consumers has had to abandon a purchase due to a small business or sole trader not accepting cards or because they weren’t carrying enough cash to pay*. Now small business owners will be able to easily sign up to take cards so they never miss a sale again.

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PCI Data Security Standard

The PCI Security Standards Council (PCI SSC) published version 3.0 of the PCI Data Security Standard (PCI DSS) and Payment Application Data Security Standard (PA-DSS). Available now on the PCI SSC website, version 3.0 becomes effective on 01 January 2014. Version 2.0 will remain active until 31 December 2014 to ensure adequate time for organizations to make the transition. Changes are made to the standards every three years, based on feedback from the Council’s global constituents per the PCI DSS and PA-DSS development lifecycle and in response to market needs. Proposed changes for version 3.0 were shared publicly in August, and Participating Organizations and assessors had the opportunity to discuss the draft standards at the 2013 Community Meetings prior to final publication.

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NFC Reference Guide

The NFC Forum announced the publication of the “NFC Reference Guide for Air Travel.” The new, comprehensive reference guide is available at no charge from the NFC Forum’s website. Potential uses of NFC technology for air travel that save time for passengers and streamline operations for airlines and other businesses include: NFC use for secure provision, storage, and reading of boarding passes on mobile devices; NFC on a mobile device to enable “tap-and-go” access to elite lounges; Airlines and airports using NFC to provide (and cancel) access to secured areas to staff via their mobile devices; NFC tags coded and embedded in luggage tags to quickly access baggage information and better track bags’ progress; Travelers tapping their NFC-enabled devices to enter a parking garage, pay at exit, or store parking details for later reference; NFC’s well-established payment applications for purchases in airport shops, and even on board the aircraft.

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