BOKU announced that Payment Service Provider (PSP) WorldPay has selected BOKU as its global mobile payments partner, integrating BOKU’s payments platform into its payment network.

Visa and Monitise to Introduce Mobile Payments Services in India

Movida, a mobile payments joint venture backed by Visa and Monitise, announced it has signed an agreement with HDFC Bank, India’s second-largest private bank, to introduce a new mobile payment service in India.

ThreatMetrix Launches TrustDefender Mobile

ThreatMetrix announced the launch of a new mobile software development kit (SDK) that helps identify fraudulent transactions originating from mobile applications. “The new product, called TrustDefender Mobile, expands on ThreatMetrix’s already established malware detection and cookieless device identification technology for laptops and desktop computers. The same risk-based fraud screening capability that is available to browser-based transactions is now available to mobile applications.”

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The Payments Council has announced it is funding the development of a centralized database to facilitate mobile payments innovation in the UK.

PaymentOne Introduces HTML5 Mobile Payments API for Direct Carrier Billing

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PaymentOne announced its support for the emerging HTML5 standard and the immediate availability of the PayOne HTML5 API. “The PayOne HTML5 API provides an HTML5-compliant Web-based payment flow for developers of mobile games and applications looking to monetize their offerings across all platforms and devices with a highly secure and frictionless ‘charge it to my mobile phone bill’ payment method.”

PreCash Adds Savings Account to Its Vision Visa Prepaid Cards

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“Like Americans with banking relationships, prepaid customers want optional services associated with their cards. PreCash developed these features: a savings account for people to plan for the future, roadside assistance to provide them with comfort in the case of car emergencies, and cash back on gas purchases to reward them for using the card,” remarked Mia Mends.

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Ireland-based mobile technology firm boxPAY has opened an office in California to manage US and Canadian-based web merchants who use boxPAY‘s services and to provide billing services in the US and Canada.

AsiaPay releases ePayAlert fraud monitoring service

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Asian online payments provider AsiaPay has rolled out ePayAlert, a fraud monitoring and control management system which can help identify and prevent online fraud associated with card-not-present transactions.

Visa executive claims PayPal in-store payment service could leave consumers vulnerable to fraud

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In a statement released on Wednesday 15 February 2012, Jim McCarthy, global head of product at Visa, suggested that rival PayPal’s mobile payment service currently being tested at Home Depot stores could raise security issues. PayPal representatives have not as yet commented on Visa’s statements.

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In December 2011, the Netherlands and France have registered the highest online banking penetration of all markets in Europe accounting for 66.3 percent respectively 59.9 percent of the total internet audience, a recent study has unveiled.

According to an overview of internet usage in Europe released by market research firm comScore, Swedish internet users were also highly active when it came to online banking, recording 55.9 percent reach.

Wells Fargo partners Bancomer Transfer Services to expand ExpressSend remittance network

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US financial services provider Wells Fargo has partnered Bancomer Transfer Services, a subsidiary of multinational financial services group BBVA Group, to expand its ExpressSend Remittance network.

Interswitch delivers e-payment services to sustain cashless policy

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Nigerian electronic transaction provider and payment processor InterSwitch is supporting Central Bank of Nigeria’s (CBN) cashless policy with electronic payment services, namely Paydirect, Autopay, Direct Debit, Verve Card, Quickteller, Webpay and Smartgov.

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Barclays announced that it has launched Europe’s first person-to-person service for sending and receiving money using mobile phone numbers.

TSYS Acquiring Solutions To Offer American Express OnePoint

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TSYS announced that both its front-end authorization and capture as well as back-end clearing and settlement platforms are now enabled to process American Express OnePoint transactions.

mTrust taps Encap for software-based authentication solution

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mTrust, a Slovak electronic service platform vendor, has partnered Encap, a provider of software-based, two-factor authentication and digital signing to select the latter’s two-factor authentication solution.

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NetSpend, a leading provider of general-purpose reloadable (GPR) prepaid debit cards, has announced the launch of the PayPal Prepaid MasterCard.

Effects of Credit Scores on Consumer Payment Choice

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The Boston Fed has published a Public Policy Discussion Paper entitled “Effects of Credit Scores on Consumer Payment Choice”.

“Snap-to-Buy” Technology Extends Glamour Shopping Experience

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SpyderLynk, creator of SnapTag, has announced its new Snap-to-Buy technology will be deployed in Glamour’s March issue, and through its Glamour Apothecary “shop-able” Wall.

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Sybase 365, a subsidiary of mobile messaging and mobile commerce services company Sybase, has entered a partnership with UK-based Telefonica Digital, a business division of mobile services provider Telefonica, to provide mobile wallet services in Europe and Latin America.

bpost selects Fiserv for AML detection of money transfers

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Belgian postal operator bpost has selected US financial services technology company Fiserv to use the latter’s AML Manager for its international and domestic money transfers.

Under the agreement, the AML Manager from Fiserv is set to provide bpost with automated transaction monitoring and fraud detection tools.

Mobile NFC metro tickets to be used by 1 in 8 mobile users in the US and Western Europe by 2016- report

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13 percent of North American and Western European mobile users are set to use their NFC-enabled mobile phones as a metro rail or bus ticket by 2016, compared to less than 1 percent today, a recent report has revealed.

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InComm announced that it has acquired Medagate Corporation, the company that powers OTCNetwork, the only national closed loop over-the-counter (OTC) healthcare benefits payments platform.

News Ticketing adds PayPal as payment option on Foxtix platform

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Australian ticketing organisation News Ticketing has selected Paypal as the new payment option for its ticketing platform Foxtix, media outlet mumbrella.com has unveiled.

PayPal has already been available as a payment option across Moshtix, an electronic ticketing company also backed by News Ticketing.

Google suspends Google Wallet prepaid credit card functions

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Google has disabled the provisioning of prepaid cards for its Google Wallet mobile payment platform following security concerns that arose this week, online media outlet reuters.com reports.

According to the source, Google took this decision after the airing on the internet of a flaw in the wallet’s design that could allow an unauthorized user of a phone to tap into an existing balance on a card by reconfiguring the wallet’s settings.

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Chinese third-party online payment platform Alipay has expanded its credit card-based online payment service Quick Pay to overseas e-commerce websites, enabling Chinese consumers to make purchases from overseas e-tailers. The service features a mobile device password verification system.

Maxa Technologies, Datecs partner for mobile payment service

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UK technology provider Maxa Technologies (Maxatec) has entered an agreement with Bulgarian EPOS provider Datecs for the latter’s MPED-400 mobile Pin Entry Device (PED).

The MPED-400 is a PCI EMV and Common Criteria approved mobile Pin Entry Device with connectivity features including Bluetooth, USB and Serial. The PED can be used for POS payments as well as for payments taken in the field.

MagTek launches iDynamoEMV mobile payment terminal

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US manufacturer of electronic devices and systems MagTek has launched anEMV chip and PIN mobile payment terminal dubbed iDynamoEMV.

The iDynamoEMV payment terminal enables smartphone and tablet users to accept credit or debit card payments. The device supports magnetic card reading and EMV chip and PIN, with optional contactless card reading. Additionally, the iDynamoEMV connects to Apple devices via the Apple connector and is compatible with smart devices via the mini USB connector.

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“Online fraud resulting from malware, viruses and criminal-controlled bots is a serious concern for both merchants and consumers,” says Johan Gerber, Group Head, Global Network Products for MasterCard Worldwide. “With the increased sophistication of these fraud attacks, merchants are finding it more difficult to distinguish between good customers and criminals. Our relationship with Silver Tail Systems allows us to extend beyond the traditional fraud detection methods and provide merchants with a strong defense against fraud, while improving the consumers’ online experience.”

Virtual Piggy Announces New Payment App for Apple iOS Devices

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“Kids are very comfortable with e-commerce and over a third of kids 8-11 now have their own mobile device and that number is rising,” said Virtual Piggy Executive, Catherine Williams. “The Virtual Piggy app brings our secure online payment method to the platforms where kids spend the majority of their time.”

Gemalto Offers U.S. Banks Seamless EMV Issuance Services

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Gemalto has announced its in-branch Dexxis EMV instant issuance card solution for U.S. banks, designed to “streamline and accelerate EMV migration. Dexxis instant issuance allows banks to immediately issue and activate initial and replacement cards directly at the physical bank branch location, rather than sending personalized cards to end users via postal mail.”