Tuesday, 13 December 2011
Gemalto Selected by Isis to Deploy Mobile Payment and NFC Services in the U.S.
Gemalto has been selected by Isis to secure its mobile commerce platform through Gemalto's Allynis Trusted Service Manager (TSM) solution. Isis, the mobile commerce joint venture between AT&T Mobility, T-Mobile USA and Verizon Wireless, will provide consumers and merchants with an open and secure mobile commerce platform that will revolutionise how consumers shop, pay and save.
"We selected Gemalto for its long-standing relationships with financial institutions and mobile operators, which include experience in securely provisioning services over the air and issuing sensitive financial information to the consumer," said Ryan Hughes, Chief Marketing Officer of Isis. "Gemalto's dedication to security is unmatched in the industry and will provide the Isis Mobile Commerce Platform with the necessary infrastructure to ensure consumer and merchant confidence in the Isis Mobile Wallet."
Isis will enable consumers to enjoy the speed, security and convenience of mobile contactless payment using NFC technology at retail outlets such as restaurants, movie theatres and drug stores. Consumers will be able to securely pay, present loyalty cards, and redeem coupons all with a tap of their phones.
SCL Achieves PCI Level 1 Service Provider Certification
SCL, the world's leading independent prepaid and foreign exchange point of sale systems provider, has achieved PCI DSS Level 1 Service Provider certification. Now retailers, banks, shopping malls, bureau de change and travel agencies can access a fully approved PCI compliant system to manage the activation and sale of their prepaid, gift and travel money cards as well as foreign exchange services.
Jonathan Turner, SCL Director of Operations comments, "Security is essential for anyone providing prepaid or travel money related services - they must use a compliant provider now - or else face breaches, fines and loss of reputation. Achieving PCI DSS compliance is no mean feat. It involves significant investment in technology, processes, people and product/service. Without it, however, companies can no longer accept card payments."
"SCL has issued more than 30 million prepaid cards on its UltraPoS platform, and handles millions of transactions every year for merchants, acquirers and issuers of all sizes. We are well aware of the challenges they face. By offering a pre-approved PCI DSS system, we can now ensure their prepaid operations are compliant, while improving customer protection and increasing their brand reputation."
First Data Introduces New Online Payment Gateway
First Data Corporation today announced the introduction of Global Gateway e4, a new, online payment gateway built on the latest technology and specifically designed to address eCommerce merchants' business needs. The gateway offers a safe and reliable solution for card-not-present transactions and includes a comprehensive suite of payment services with the ability to expand payment acceptance globally.
With more and more consumers shopping online and consumer emphasis moving to multi-channel purchasing environment, merchants need simple solutions allowing them to serve their customers across several channels and with the payment tools that fit their business. The First Data Global Gateway e4 gives merchants a broader set of processing capabilities, a more intuitive user-interface, greater reporting capabilities and simplified integration, documentation and processes to make them more competitive in today's marketplace.
Two-Thirds of Us Worry about our Phone Being Lost or Stolen
Christmas and New Year is a time to be merry and full of festive cheer. But when it comes to losing or having your mobile phone stolen, cheer can soon turn to tears, according to Lookout Mobile Security, the leader in mobile security.
In a recent UK survey conducted by Lookout among mobile users, around two-thirds admitted they were 'very worried' or 'worried' about their phone being lost or stolen, a figure that is set to rise as we embark on a series of parties, presents and pantomimes. A third of those questioned confessed that they could last just a couple of minutes to a couple of hours if their phone was lost or stolen - 10 per cent couldn't survive at all!
While most expressed serious concerns over the safety of their phones and what is on them, very few actually do anything to protect them, according to Lookout's research. More than 85 per cent have no way of tracking a lost or stolen phone, 60 per cent do not use a PIN or handset lock and 74 per cent do not regularly back up personal contacts and information.
Visa-Rwanda Partnership to Drive Electronic Financial Services
Visa Inc. and the Government of Rwanda announced a wide-reaching Charter of Collaboration to develop localised solutions to extend access to financial services to local and international consumers throughout the country.
The partnership is a step in the Government of Rwanda's Vision 2020 plan, the country's blueprint to become a middle-income nation within the coming decade, with per capita income of $1000 by 2020, up from $220 in 2000. The success of that plan relies on a number of pillars, including shifting to a knowledge-based economy, private sector development and improving infrastructure.
Creating public-private partnerships is also a key component of Visa's global growth strategy. The company's aim to generate 50 percent of its revenue from markets outside of the United States by 2015 will partly be enabled through its ability to build, buy and deploy new technologies that extend its products to geographies where electronic payments are limited today, such as Rwanda.
Ambassador Gatete Governor of the National Bank of Rwanda commented: "This partnership is aligned with the National Bank of Rwanda's strategy to reduce the widespread usage of cash and increase liquidity within the banking system, which ultimately reduces interest rates and improves price stability."
GlobalPlatform Extends Compliance Program to Meet Financial Sector Requirements
GlobalPlatform has extended its compliance program to validate that a secure product meets the requirements outlined in the new GlobalPlatform Basic Financial Configuration. This technical advancement has been progressed by GlobalPlatform to meet industry demand for a qualification process, which confirms that a financial card product operates within the payment landscape as defined by GlobalPlatform Card Specification and expected by the industry.
GlobalPlatform has launched the Basic Financial Configuration to specify which elements of the GlobalPlatform Card Specification v2.1.1 should be implemented by product vendors to ensure functional interoperability within the payment marketplace. This latest advancement of the GlobalPlatform Compliance Program will qualify financial products to promote market consistency and ensure long-term compatibility.
Gil Bernabeu, GlobalPlatform's Technical Director, comments: "Rather than validate compliance to an entire GlobalPlatform Specification, we have refined our compliance program to focus on functional requirements within a given sector. The development of the Basic Financial Configuration and supporting compliance program is in direct response to requests that we have received and the need to ensure the deployment of GlobalPlatform standards in the payments sector."
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