electronic payments

Global payments company MasterCard Worldwide announced a payment platform for ‘Aadhaar’. The solution will enable Aadhaar holders to perform payment transactions using UID numbers with biometric authentication.

The new system builds on the Unique Identification Authority of India (UIDAI) platform and MasterCard’s payment network and family of brands. The service enables ‘Aadhaar’ account holders to move away from cash and towards electronic transactions.

NACHA – The Electronic Payments Association® announced that Secure Vault Payments™ (SVP) will move into full commercialization following a pilot designed to assess the feasibility of SVP. Supported by eWise’s Online Banking ePayments (OBeP) platform, financial institutions, merchants, billers, payment gateway providers, and core payment processors have embraced SVP as a payment solution.

China UnionPay card network operator has launched an initiative to organize a group of national banks, wireless operators and handset makers to form a mobile payments industry alliance in a move to make the sector be more standardized and regulated.

According to the official statement members will be working to promote mobile payment business adopting the international standard on contactless communication defined by the ISO.

With prepaid debit cards surging in popularity, Vesta Corporation, a global pioneer and leader in electronic payments, today announced the launch of an innovative Web reload service for NetSpend Corporation, a leading provider of card-based prepaid financial products to underbanked consumers. Powered by Vesta's payment technology, this industry-first service lets NetSpend customers immediately add funds to their prepaid debit cards from bank issued debit cards.

Heartland Payment Systems, the nations leading payment processor, has extended its agreement with 7-Eleven®, Inc., US largest chain in the convenience retailing industry. Under the terms of the prolonged contract the processing company will be further authorizing and settling credit and debit card transactions for more than 5,800 7-Eleven-branded convenience stores nationwide.

The Merchant Risk Council (MRC), a merchant-led trade association focused on electronic commerce risk and payments globally, announced new staff rearrangements its introduced recently. The company appointed Paul MacKay as the MRC s new Program Manager, and Liz Sundquist as the MRC s new Education Manager.

 An international payment solutions provider for the card-not-present marketplace Payvision announced that it has appointed Jim Mouzakiotis as the new Director of Sales, Midwest Region for Payvision and Joe Rodriguez as the new Director of Sales, East Coast Region.

 Heartland Payment Systems®, one of the nation’s largest payments providers, is extending its contract with transmodus, a technology leader in remote deposit and check management automation utilizing service-oriented architecture. The contract extension runs through 2015. 

 The RedFin Network, Blue Bamboo's premier wholesale distributor, announced the release of its proprietary RedFin SideBar, a tool for transaction processing integration with QuickBooks® Pro, QuickBooks Premier and QuickBooks Enterprise Solutions for versions 2006 - current.

Using the RedFin SideBar merchants will be able to process credit card payments directly from their existing QuickBooks interface with the following unique features:

First American Payment Systems, L.P., one of the fastest-growing electronic payments processors in the U.S., today announced that it has signed American National Bank of Texas as a referral partner. Under this partnership, American National Bank of Texas promotes First American as the exclusive payment processing provider to its merchant clients.