card payment

Hypercom Corporation announced the completion of the full EMV certification of all of its Artema Modular self-service payment systems and Artema Compact countertop terminals across 49 Dubai Metro stations. The system will speed ticketing for 4 million passengers per month. Now travelers in Dubai’s urban railway network will be able to make payments using their chip and PIN cards.

A global payment service provider WorldPay is partnering with RSA, The Security Division of EMC dealing, to support the cardholder verification processes in the US and UK when RSA provides RSA® Adaptive Authentication for eCommerce authentication services for major card associations.

As part of RSA’s ecommerce security services, RSA now incorporates the WorldPay Risk Guardian platform, one of the leading ecommerce platforms in the industry, to help it process card owner verification checks.

A provider of end-to-end encryption solutions Semtek established a multi-year relationship with RBS WorldPay payment system to provide end-to-end security services and infrastructure for RBS WorldPay U.S. merchants.

Under the terms of the partnership Semtek's Cipher Decryption Service (CDS) is being installed on RBS WorldPay's host systems to capture transactions that have been encrypted in multiple formats.

According to the results of the study commissioned by PULSE financial institutions implement new tactics to attract more debit card users. 72% of issuers consider improving the performance of their debit portfolios by increasing penetration, activation and usage as a top priority this year. The key tactics on the agenda is the deployment of instant issuance technology.

With instant issuance, cardholders receive a debit card at the branch as part of the process of opening a demand deposit account, rather than receiving their card in the mail.

A UK major card network Barclaycard has entered into a partnership with Software-as-a-Service (SaaS) accounting firm KashFlow to pilot an e-invoicing service for merchants. According to the reports of TechCrunch, Barclaycard is running the pilot test with 100 merchants so as to trial the KasFlow-based system for creating, sending and managing invoices through a Web browser.

Apart from this functionality participants will also be able to track late transactions and receive payments via the Barclaycard gateway, for which the firm charges a three per cent fee.

Citi and AT&T have partnered for a new card offering to allow customers earn a $50 bonus savings credit on a new AT&T Universal Savings and Rewards Card between June 29, 2010 and August 15, 2010. Consumers who open a new AT&T Universal Savings and Rewards Card will receive a $50 bonus savings credit when they spend $50 or more within the first three months of becoming a cardholder.

MasterCard is partnering with Resorts World Sentosa to make MasterCard the “Preferred Card” at the integrated resort. The partnership will result in a portfolio of cardholder usage incentives, seasonal marketing programs and merchant offers.

A global card payment services company YESpay International Ltd has reported the completion of the EMV chip and PIN end-to-end certification of its EMBOSS card payment service with Chase Paymentech and First Data, two major card acquirers in the USA and Canada.

Now YESpay is partnering with merchants in the USA and Canada who need to upgrade their retail POS systems to EMV chip-and-PIN card payment standards.

Capital One has announced the introduction of its new premium rewards credit card for small business owners. The Venture for Business Card enables the cardholders to earn double miles on every purchase with an opportunity to earn up to 15,000 bonus miles within the first three months.

In an official statement Capital One says that there are no limits on when, where or how double miles can be earned, no retailer specifications or spending categories, no separate rewards enrollment or re-enrollment requirements, and no limit on the number of miles cardholders can accumulate.

Barclaycard has demonstrated its new application that turns smartphones into a chip and PIN payment terminal. The solution targets small businesses like plumbers, electricians and market traders. The system will be piloted in the second half of 2010 before the Christmas period.

Card fraud costs the U.S. card payments industry an estimated $8.6 billion per year, according to a report released today by Aite Group. Though this sum is small compared with the $2.1 trillion in total yearly U.S. card volume, this area remains troubling for the industry. Fighting card fraud effectively involves triage and telepathy — picking appropriate battles to fight while anticipating fraudsters' next steps based on the rapidly evolving technological landscape, Aite's analysts say.

 Dynamic Card Solutions (DCS), the leading provider of instant issuance and PIN selection solutions for banks, credit unions and retailers that issue magnetic stripe, EMV and contactless cards, today announced a partnership with Ontario-based Threshold Financial Technologies Inc. (Threshold) to offer financial institutions a comprehensive EMV PIN change and card issuance solution using DCS’ patented CardWizard® software.