Users Select Kount as Top Fraud/Security Solution

Those who rely on Kount Complete to protect and grow their business chose Kount as the Customer Choice for Fraud/Security Solution at the CNP Expo Awards ceremony on May 22. Built by a leading online merchant to protect itself from the rapidly evolving world of fraud, Kount drastically minimizes the impacts of fraud for every client and partner provides based on the extensive capabilities of its fully integrated solution. When compared to its competition, Kount earns both the business and vote of its customers, earning it the distinction of Customer Choice for Fraud/Security Solution. CNP Expo sessions cover an expansive range of merchant e-commerce and CNP concerns including fraud, chargebacks, recurring billing, PCI compliance, alternative payments, mobile payments and new regulations.

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Net Element Set to Acquire Cloud-Based POS

Net Element International electronic commerce and mobile payment processing entered into a binding term sheet to acquire Aptito, a next generation, cloud-based point of sale platform for restaurants and operate it through TOT Group (“TOT”), its mobile payments and transaction processing holding company. TOT is a multinational mobile payments and transaction processing holding company which provides a unique range of flexible online and offline payment solutions. Clients include wireless carriers, content providers and merchants. TOT delivers comprehensive, end-to-end payment solutions to enable merchants to reliably accept cashless transactions at the point of sale (POS). Aptito is a next-generation, cloud-based payments platform, which brings online consumer experience into offline commerce environments via tablet, mobile and all other cloud-connected devices. Aptito’s Restaurant mPOS solution provides restaurants with tools to increase sales, productivity, and customer loyalty.

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First Data to Market MPayMe mPayments

MPayMe mobile solutions and First Data partnered to offer mobile payment solutions in key markets in Asia Pacific. MPayMe and First Data will work exclusively together in Asia Pacific, and First Data will be the sole distributor and reseller of ZNAP across the region. MPayMe’s ZNAP is a mobile business and payment solution that uses QR codes to offer a secure, flexible, convenient and consistent experience for bill payment, mobile, online, printed advertising and in-store. This alliance will allow consumers to pay bills and buy goods without having to go to a kiosk or convenience store, or logon through a time-consuming online verification process. Consumers can make payments through a combination of credit/debit/prepaid, coupons and loyalty instruments all through one integrated application.

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Fortumo Inks Carrier Billing Partner

mPayments provider Fortumo has signed Global Framework Agreements with leading operator groups Telefónica and Telenor to bring direct carrier billing services to 460 million additional subscribers worldwide. Using the BlueVia Payments API to charge purchases to their mobile operator bill, users in more than 30 countries will now be able to purchase digital goods over the web and on Android, Windows 8 and Windows Phone devices. Fortumo’s in-app purchasing SDK has become developers’ preferred choice for mobile operator billing and in-app purchasing on Android, Windows Phone and online. It is already used by a lot of top developers such as Rovio, Popcap, Gameloft, Digital Chocolate, Vostu, Game Insight, Alawar and many others. Fortumo’s mobile payments platform, including direct billing connectivity to Telefonica and Telenor is available to all developers looking to accept global mobile payments.

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Chase Paymentech Eases PCI Compliance Burden

Chase Paymentech Europe, a subsidiary of JPMorgan Chase Bank, N.A. and leading global merchant acquirer and payment processor, launched Dynamic Hosted Payments Page, a technology that helps European online merchants improve security. When merchants submit a payment transaction using the Dynamic Hosted Payments Page, they do not store, process or transmit cardholder payment data. This helps the merchant lower its Payment Card Industry (PCI) compliance responsibilities at both the acceptance and storage level. Instead, online shoppers upon checkout are seamlessly taken to a Chase Paymentech secure page for final payment processing. The Orbital Payment Gateway features Customer Profile Management; an Account Updater; “3D Secure” for authentication without merchants handling the card data; and Chase “Safetech” Fraud Tools with real-time analysis through advanced, fraud-fighting technologies.

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BPC Banking Technologies Expands P2P Service Partnership

BPC Banking Technologies Open System e-payment solutions implemented its P2P money transfer service for Alfa-Bank, Russia. Available on ATMs and via Internet Banking, the P2P service delivers card-to-card transfers for MasterCard and Visa cardholders in Azerbaijan, Armenia, Belarus, Kazakhstan, Moldova, Russia and Ukraine. Alfa-Bank cardholders may make P2P transfers, via the ATM network, to recipients with cards issued by any CIS bank. For P2P transfers through Alfa-Bank’s internet banking channel, the cardholder may use Visa card issued by Alfa-Bank and MasterCard card issued by any bank of these 7 countries, in both rubles and US dollars. All transactions are secure and comply with MasterCard SecureCode and Verified by VISA.

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DataCash Partners MoPowered mCommerce

DataCash partnered with MoPowered mobile commerce, allowing its merchants to meet the needs of a demanding mobile market by using MoPowered’s secure SaaS platform technology. This will also give retailers the reassurance and reputational advantage of providing customers with the best and most secure of payment services. MoPowered allows merchants to make the most of the growing smart phone adoption in the UK with optimised mobile websites and create another point of sale for existing and new customers.

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GiftCards.com Acquires Mobile Start-up Company

GiftCards.com acquired Giftly mobile gifting app to build a digital and mobile commerce platform in the $110 billion gift card industry. GiftCards.com commands strong positions in both the plastic and digital gift card spaces and prints on-demand custom gift-cards in its own facility. It offers personalized, pre-designed, virtual, local, group, and discount gift cards. Meanwhile, Giftly lets consumers buy and deliver digital gifts via its website and free app. Giftly has pioneered a new platform for gift cards which sends gift credits to recipients when they redeem a gift, rather than issuing plastic cards, and requires no point of sale integration.

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Chase Enhances United MileagePlus Explorer Card

Chase Card Services announced all purchases made with the United MileagePlus Explorer Card outside of the U.S. will no longer be subject to foreign transaction fees. A cardmember spending $3,000 while traveling outside of the U.S. would save $90. This enhancement adds to the other unique benefits, such as a free checked bag, priority boarding and two United Club® passes per year, that MileagePlus Explorer cardmembers already enjoy. Cardmembers and up to one traveling companion will receive their first checked bag free on United operated flights when they purchase their ticket with their card- worth up to $100 per roundtrip. Service charges for additional/oversized/overweight bags will apply. Cardmembers also board prior to general boarding, so they have earlier access to overhead space and can relax as the rest of the plane boards and earn 10,000 additional bonus miles after spending $25,000 or more on the Card each calendar year.

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TNS Intros Telco-Based Verification

Transaction Network Services (TNS) added to its “TNSVerify” product suite a solution to help reduce risk and fraud in the US payments and financial services industries. Professionals managing fraud, risk, and compliance challenges for brick-and-mortar and online companies, can benefit from unique telecommunication data insight and capabilities in a single solution thanks to TNSVerify. TNS has partnered with leading mobile and landline telecommunications providers who together, recognize the inherent problems and risks associated with establishing identity in response to the defective grey market phone subscription data currently serving the identity verification market. The “TNSVerify” solution boasts the highest security levels. TNS can reference accurate and current information through its extensive relationships with over 1,100 telecommunications companies, including many of the US’ largest mobile, VoIP, cable and landline telephone service providers.

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NCR Installs First EMV Compliant ATM in U.S.

NCR Corporation has begun upgrading ATMs at People’s United Bank with the new consumer card security technology, in conjunction with Vantiv and Pendum, and the first EMV ATM in the US is officially in service. The first upgraded ATMs are the People’s United Bank ATMs located at their 250 Park Avenue, New York, branch. The upgrade includes an upgrade to the card reader hardware inside the machines as well as a software upgrade. Since 2011, NCR has been shipping all SelfServ™ ATMs with smart card readers as standard. Globally, 36 percent of cards and 65 percent of terminals in deployment run using the EMV standard. Vantiv became the first U.S. acquirer to complete MasterCard’s testing requirements to process EMV transactions for MasterCard, Maestro and Cirrus brands at both ATM and at the point-of-sale locations.

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