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August 09, 2011

Visa Rolls Out EMV Roadmap for US

Visa logo 60pxhVisa has announced plans to accelerate the migration to EMV contact and contactless chip technology in the United States. "The adoption of dual-interface chip technology will help prepare the U.S. payment infrastructure for the arrival of NFC-based mobile payments by building the necessary infrastructure to accept and process chip transactions that support either a signature or PIN at the point of sale."

"By encouraging investments in EMV contact and contactless chip technology, we will speed up the adoption of mobile payments as well as improve international interoperability and security," said Jim McCarthy, global head of product, Visa Inc. "As NFC mobile payments and other chip-based emerging technologies are poised to take off in the coming years, we are taking steps today to create a commercial framework that will support growth opportunities and create value for all participants in the payment chain."
Visa believes chip technology will also help secure payments through the use of dynamic authentication. READ MORE »

Philadelphia Fed Publishes Presentations from Payment Card Conference

Philadelphia fed logoOn July 11 and 12, the Payment Cards Center of the Philadelphia Fed hosted a conference, “Government Use of the Payment Card System: Issuance, Acceptance, and Regulation.” They have now made some of the presentations from this conference available on the conference website.

Heartland Payment Systems Launches Mobuyle

HeartlandPayments logo 140pxHeartland Payment Systems has announced Mobuyle, a new mobile payments acceptance solution that combines a Mobuyle Android app and a Mobuyle Encrypting Reader that plugs into the audio jack (ala Square).

Mobuyle is designed for brick and mortar businesses looking for off-premise processing capabilities or on-site flexibility, including the ability to easily add extra point-of-sale (POS) payment terminals to dispel long checkout lines or “line-busting.” It is also ideal for mobile businesses that want to provide customers convenient payment options.

It also features electronic signature capture, GPS location capture, merchandise picture storage, and voice authorization capabilities, and enables merchants to accept card payments even if they are out of network range with Store and Forward (SAF) functionality.

CardinalCommerce and Alipay Form Partnership

Alipay logo 115pxCardinalCommerce has announced the addition of Alipay to its eCommerce platform, Cardinal Centinel. "Cardinal Customers can now have immediate access to the large number of Chinese shoppers who desire international goods through Cardinal Centinel®, the patented Universal Merchant Platform. With registered users numbering over 550 million, Alipay is China's first third-party online payment platform to offer a cross-border online payment solution."

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