VSoft Joins Viewpointe Network

VSoft is now a member of the Viewpointe network for exchange services, benefiting both organizations with an expanding network of exchange partners. This also provides VSoft clients with access to a fully integrated and seamless clearing and settlement solution with Viewpointe Clearing, Settlement & Association Services (VPCS&AS) rules coverage, common business practices through a single multilateral agreement, and settlement using a National Settlement System. The partnership includes Pointe2Pointe for image exchange services; National Settlement System (NSS) for Internet-based net settlement system; and Association Services, providing education and support for all payments network participants. VSoft is able to consolidate its clients’ exchange activity through a dedicated channel, thereby eliminating the need to establish a complex structure of partnerships and connections with each individual financial institution.

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Compass Plus to Unveil Platform at FinovateFall 2012

Compass Plus retail banking software and electronic payments system is set to present its “TranzAxis” platform at FinovateFall 2012 on Sept. 12 and 13. The “TranzAxis” platform provides a full set of application development tools (builders, designers, editors, debuggers, etc.), as well as a set of specialist components that assist in implementing more diverse applications in a given domain. TranzAxis is easily scalable to benefit institutions of any size that face continuously changing business requirements and provides efficiency, flexibility, faster product deployment and cost savings.

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Virtual Piggy Appoints Star to Board of Advisors

Virtual Piggy online youth purchasing appointed Sela Ward to their Board of Advisors, an Emmy and Golden Globe award-winning American movie and television actress. Encouraging children empowered to manage their financials within reasonable limits set by the parents, Sela is an advocate of Virtual Piggy and how it helps children learn how to spend wisely, save for the future, and even donate to charity within a secure and controlled environment. Her appointment was thanks in part to her perspective on the market Virtual Piggy can reach and help refine our product and messaging.

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Beall Implements VeriFone Multimedia Payment

VeriFone Systems has been awarded a contract to supply the Beall’s retail chain with its “MX 915” advanced payment and media-enabled solutions system in a space-saving form factor. Beall’s also will be complementing the MX 915 with VeriFone HQ, an advanced estate management solution allowing them to easily keep stores up to date with evolving payment and mobile solutions. The “MX 915″ is one of the first models in the new customer-facing MX 900 series, with a brilliant 4.3” color display, powerful processor and generous memory. MX 900 Series systems provide the broadest compatibility available with rapidly evolving mobile/NFC wallets, EMV smartcards, and alternative payment methods, and easily adapt as more payment methods are introduced.

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Euronet Pakistan Awarded Outsourcing Agreement

Euronet Pakistan signed a comprehensive Electronic Financial Transactions (EFT) Outsourcing Agreement with Burj Bank. Burj Bank will utilize Euronet’s PCI DSS compliant processing platform, replacing the current in-house system. Euronet will enable and launch MasterCard debit cards for Burj Bank customers along with other innovative services as part of their extensive overhauling roadmap and offer new transactions and services to their customers in a timely and cost-effective manner, to ensure that the Bank stays ahead of its competition.

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i2c & Western Union Launch Intl. Prepaid Card

i2c payment processing and commerce solutions and Western Union partnered to bring consumers in the Philippines the Western Union Gold Prepaid Card on i2c’s MCP global processing platform. The Western Union Gold Prepaid Card allows consumers to direct a Western Union Money Transfer transaction directly onto a card, or utilize a “split payout” option to load part of a remittance onto a card and receive the rest in cash. The card also offers innovative mobile text features that help consumers better manage their money. Cardholders can load Western Union remittances and receive account information using SMS text messages, which interfaces with local systems for a “split payout” option.

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Wincor Nixdorf Overhauls Tegut POS infrastructure

Tegut… Gutberlet Stiftung & Co. KG food retailer is overhauling its POS infrastructure with BEETLE POS systems and the application solutions TP.net and TP.Admin from Wincor Nixdorf. Wincor Nixdorf completed the rollout of new BEETLE POS systems at the more than 300 stores of the Fulda-based food retailer tegut… The IT service provider from Paderborn has now also been commissioned to install its POS applications TP.net and TP.Admin on the BEETLE systems. Its ease of customizing and expansion, variety of application options based on an innovative software concept, outstanding integrability and low TCO make TP Application Suite the ideal solution platform for all checkout processes at modern stores. This will replace the existing SAP POS 2.0 solutions, Wincor Nixdorf again demonstrated the merits of its store portfolio to win the bid in the face of competition from well-known rivals.

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Pay.on extends PayPipe Routing

Pay.on AG worldwide payment processing extended the payment coverage of its routing gateway PayPipe to China. The gateway offers direct links to China UnionPay (CUP), one of the world’s largest credit and debit card organisations, and to the CUP subsidiary ChinaPay, the also internationally well-known CUP card acquirer. Consequently, payment service providers and their merchants in the USA, Europe and other parts of the world now get easy technical access to the principal payment procedures of the world’s second largest economy with annual disposable income totalling EUR 290 billion and over 145 million active Chinese online shoppers. With integration of China CUP and ChinaPay into PayPipe, PAY.ON has opened the gate for payment providers to monthly several million cross border transactions by CUP card customers. PAY.ON comprehensively meets the various technical requirements of all market participants. Payment service providers (PSPs) and independent sales organisations (ISOs) are linked to both Chinese market leaders via a simple PayPipe integration for global transaction processing.

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TapBase Launches iPhone Payment & Wallet Apps

TapBase kicked off its “TapPay” and “TapWallet” mobile apps on the iPhone for its Tap mobile payments, loyalty and rewards platform. The “TapPay” app was designed and developed with significant input from small businesses and the functionality extends far beyond the payment processing available from existing mobile payment systems. The TapWallet application allows consumers to securely store and carry payment card information as well as loyalty and membership cards. When a bill arrives, the customer selects a payment card, signs the transaction on their phone and authorizes the payment. The merchant is notified that the transaction is complete and is provided with a copy of the receipt.

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