Vindicia and WorldPay Partner on Intl Payment Acceptance

Vindicia Subscription Billing and WorldPay payments processing, risk and alternative payments, announced a partnership to deliver enhanced payment acceptance capability to Vindicia’s digital eCommerce merchants. The alliance integrates WorldPay’s payment processing capabilities into Vindicia’s billing platform, CashBox, which is specifically designed for the digital industry. As a result, CashBox customers will be able to benefit from expanded international reach, comprehensive support for major merchant cards, and preferred regional networks and payment methods. Vindicia customers will gain access to numerous global payment methods and 115 currencies provided by WorldPay’s worldwide network.

Details

Visa Board Elects New Independent Chair

The Visa Board of Directors has elected Robert W. Matschullat its non-executive, independent chair, just as John Swainson’s term as Lead Director will end and will return to chair position Matschullat has been a Visa director since October 2007 and served as both Chairman and interim Chief Executive Officer of The Clorox Company and is currently its Lead Director. He also served on the boards of The Seagram Company Limited, Morgan Stanley & Co. Incorporated and of the McKesson Corporation. Mr. Matschullat currently serves on the board of directors of The Clorox Company and The Walt Disney Company.

Details

Paymetric Finalist in Info Security Products Guide Awards

Paymetric integrated and secure enterprise payment acceptance solutions has been named a finalist in two categories for the Info Security Products Guide. These global awards recognize security and IT vendors with advanced, ground-breaking products and solutions that are helping set the bar higher for others in all areas of security and technologies. The categories include PCI Compliance for Paymetric’s Data Intercept Solutions for XiSecure™ On-Demand and Security Products and Solutions for Enterprise (Large) for Paymetric’s Data Intercept Solutions for XiSecure™ On-Demand.

Details

Barclaycard and Amex Forge Card Issuing Agreement

Barclaycard and American Express agreed to expand the scope of their current global relationships with Barclaycard becoming an American Express card issuing partner in the UK. Building on their existing relationships, this partnership will enable Barclaycard card acceptance on the American Express global network in the UK. Barclaycard and American Express currently have a number of business relationships around the world, including in the U.S for card issuing, and the UK for acceptance of payments. Barclaycard and American Express will commence product development during 2013.

Details

Wirecard Supports Telefonica mPayment

At this year’s Hubert Burda Media Digital Conference (DLD), Telefónica Germany introduced new solutions for direct money transfer from smartphone to smartphone (person to person) and their digital wallet as part of a show case. This is based on technical implementation by Wirecard AG, which is both a software company and card-issuing bank. Wirecard manages the processes that Telefónica needs, such as payment processing and the provisioning of the virtual “O2 Wallet mpass Card” to NFC-enabled SIM cards. The next developmental stage will follow soon with the O2 Wallet, the digital wallet of Telefónica.

Details

First Data Sees Overall Flat 4Q/12

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data reported its 4Q/12 consolidated revenue was $2.8 billion, up $69 million, or 3%, compared to a year ago, primarily driven by a $55 million increase in debit network fees. Adjusted revenue, which excludes certain items including debit network fees, increased $18 million, or 1%, year-over-year to $1.8 billion. For…

Details

Acumera to Streamline PCI Compliance Audits

Acumera Trusted Connection Services for convenience stores launched its PCI Audit Support to accelerate PCI compliance audits as part of Acumera’s PCI Tools solution. Acumera’s PCI Tools include automated external vulnerability scans with historical archiving, logging of PCI-related events, dynamically generated site network diagrams and clear identification of non-PCI payment application devices in the cardholder data environment. Acumera has completed its own PCI DSS compliance assessment and obtained an annual report on compliance (ROC), becoming a fully compliant service provider. Coalfire, a Qualified Security Assessor (QSA) firm, successfully completed the testing and controls validation of Acumera as a network and security service provider.

Details

Evolution1 Card Program Named Paybefore Winner

Evolution1 has been selected as a winner in the 7th annual 2013 Paybefore Awards in the Best Benefits Distribution Card Program category. The Evolution1 Card Program for Taft-Hartley Trust Funds was chosen from a record number of entries. It enables union members to have a convenient, consumer-friendly card to access their health reimbursement account (HRA) pre-tax funds to pay for their current health care expenses.

Details

MasterCard reports KeyBank agreement

MasterCard and KeyBank announced MasterCard will be the exclusive payment network for a new suite of KeyBank credit card products. KeyBank will launch the MasterCard branded suite of cards this year to further strengthen the strategic relationship between KeyBank and MasterCard that previously included long-standing agreements in debit and ATM. The renewed credit card focus includes the purchase of a $725 million credit card portfolio earlier this year, and the bank’s expanded relationship with MasterCard bolsters its Relationship Rewards program. The “Relationship Rewards” program allows clients to earn points for everyday banking activities, including debit and credit card purchases.

Details

PayPal Extends OLO6 Interest

OLO digital commerce engine for restaurants announced a $5 million dollar Series B financing from PayPal and existing investors. OLO allows customers to order and pay from restaurant websites and mobile apps, so that they can Skip the Line at the restaurant of their choosing. OLO transmits the prepaid order directly to the restaurant point-of-sale (POS) system. OLO is committed to serving as an open and independent commerce platform that allows restaurants to choose whichever payment types they would like to accept – a common carrier for digital commerce. OLO accepts all major credit cards, many stored-value cards, and digital wallet providers.

Details

Western Union Expands Operation in Central Europe

Western Union Business Solutions global payment services launched new offices in Frankfurt, Germany and Vienna, Austria to bring improved international payments services to companies and organizations that operate internationally in both markets, particularly in the SME sector. These services include financial products designed specifically to support small and medium sized importers and exporters, allowing customers to execute payments in over 135 currencies to over 200 countries and territories around the world. The opening of German and Austrian offices is a key element of Western Union Business Solutions’ European expansion strategy as it grows its global presence.

Details