iovation Partners with Failsafe Payments to Expand Fraud Protection for Merchants

Image via CrunchBase

Certo Payment Gateway Plus iovation Allows Merchants to Know Who to Trust Online

PORTLAND, Ore.--(BUSINESS WIRE)--iovation, provider of the world’s first device reputation service for preventing online fraud and abuse, today announced a partnership with Failsafe Paymentsto protect merchants and merchant service providers (MSPs) using Certo Payment Gateway.

“We are excited to partner with Failsafe Payments and proud to be protecting a new group of online merchants from fraud and abuse. While 3-D Secure can help reduce chargebacks, a comprehensive, multi-layered approach is the best defense against cyber crime”

Certo Payment Gateway is an e-payment platform that provides merchants and MSPs the ability to authenticate transactions. Certo allows merchants to accept multiple banks, acquirers, payment brands, 3-D Secure, shopping carts and other payment types. Now, with iovation ReputationManager, merchants and MSPs can:

• Determine whether or not a transaction is safe or risky
• Detect and prevent financial fraud while protecting good customers
• Uncover relationships between accounts and devices and expose entire fraud rings

“The iovation ReputationManager service will protect our merchants and MSPs from financial risk and also protect their customers,” said Patrick Sallnert, chief operating officer for Failsafe Payments Europe and North America. “We are very pleased to work with iovation’s award-winning technology for detecting fraud and abuse.”

“We are excited to partner with Failsafe Payments and proud to be protecting a new group of online merchants from fraud and abuse. While 3-D Secure can help reduce chargebacks, a comprehensive, multi-layered approach is the best defense against cyber crime,” said Greg Pierson, CEO and co-founder of iovation. “Our shared global database of online fraud and abuse sources and patterns will significantly improve the fraud management capabilities of Failsafe merchants and MSPs.”

About Failsafe Payments

Failsafe Payments is a Merchant Service Provider (MSP) based in Nicosia, Cyprus and Cleveland, Ohio and established in 2007 by a very experienced team within local and international e-payments. Certo Payment Gateway are integrated into multiple local and international payment brands, payment options, banks, MSPs, alternative payments, shopping carts, order systems, 3DSecure and 3^rd party services such as advanced fraud scrubbing and loyalty programs and can be used by both Merchants and MSPs.

About iovation

iovation helps companies know which online visitors to trust in order to reduce fraud, abuse, and protect customers and online communities. We apply the world’s largest database of devices used to access the internet (computers and mobile phones) to determine the level of risk associated with any type of online transaction. Retail, financial, social network and gaming companies query iovation’s reputation database of over 300 million devices more than 5 million times each day. iovation delivers instant recommendations through our SaaS services across multiple points of end-user contact. For more information, visit www.iovation.com.

Contacts

iovation
Connie Gougler, 503-943-6748
connie.gougler@iovation.com

Permalink: http://www.businesswire.com/news/home/20100617005348/en/iovation-Partners-Failsafe-Payments-Expand-Fraud-Protection

Shift4 Corporation to Waive Start-Up Fees for Gift Card Services to New and Existing Customers

LAS VEGAS, NV--(Marketwire - June 22, 2010) -  Shift4 Corporation, the world's leading independent provider of payment gateway services, announced today that it will offer fully integrated gift card services via IT'S YOUR CARD® to new and existing users of DOLLARS ON THE NET® until December 31, 2010.

As part of this promotion, Shift4 customers will receive IT'S YOUR CARD with no fees for the following:

• Unlimited gift card numbers (for use in electronic or plastic gift cards)


• Cross-property setup (multiple locations)


• Customizable Web pages for online selling


• Installation


• Training

"We want to give something back to our customers that will help them become more successful," said Dave Oder, President and CEO of Shift4. "Enabling businesses to start selling gift cards -- or to switch to our superior gift card solution -- without the upfront costs is one way we could do that. And with the lowest transaction fees and best security of any gift card solution on the market, IT'S YOUR CARD is the best choice."

Shift4's Director of Strategic Business Development Daniel Montellano said, "Companies who offer gift cards tend to bring in new customers, see increased sales and store traffic, promote customer loyalty, and enhance their marketing efforts."

IT'S YOUR CARD leverages Shift4's core competencies in transaction processing and data security and offers the following differentiating features:

• 100% Processor Neutrality -- merchants can switch processors or POS/PMS systems and continue to use the same cards


• Full Integration -- fully integrated into the PMS/POS so you can activate, swipe, charge, report, and process balance inquiries from the same place you charge credit cards (no extra terminals or phone lines required)


• No Finance Charges/Discount Rates -- the merchant gets the money and holds the money from gift cards


• Unmatched Security -- TrueTokenization^sm, the most comprehensive and mature payment security technology in the industry


• Full Compliance -- meets the escheatment and expiration rules of each state


• Robust Reporting -- tracking and reporting tools that allow you to see who is using your gift cards and how they are being utilized, including reports to handle the distribution of funds between entities

To take advantage of this limited-time offer, existing and prospective customers should contact Shift4 at 1-800-265-5795, info@shift4.com, or www.shift4.com/itsyourcardoffer.

About Shift4 Corporation Shift4, a leading developer of secure payment processing software and services utilizing the Software as a Service (SaaS) model, provides real-time enterprise payment solutions for leaders in the hospitality, retail, food services, auto rental, mail/telephone order, and eCommerce markets. Leveraging connectivity to every major processor, DOLLARS ON THE NET provides both high-speed and low-cost authorizations and settlements for credit, debit, check, private label, and gift card transactions. DOLLARS ON THE NET also features the ability to access, review, report, and edit transactions prior to settlement combined with a searchable 24-month archive of transactions for retrieval and chargeback defense. Shift4 is an innovator in payment security, being the first to deliver a tokenization solution for long-term card data protection as well as4Go® and i4Go^sm to protect payment data in transit and legacy applications.

Media Contact

Gianna A. Vivo

Shift4 Corporation

702-597-2480, ext. 43300

Email Contact

Click here to see all recent news from this company

Urban Outfitters Selects Starmount to Develop Mobile Point-of-Sale

Companies to Demonstrate Prototype on Apple® iPod touch® at Oracle Retail CrossTalk 2010

CHICAGO, June 22 /PRNewswire/ -- Starmount today announced they have signed an agreement with global retailer, Urban Outfitters, Inc. (Nasdaq: URBN), to develop an in-store mobile point-of-sale (POS) application. Deployed on the Apple iPod touch to deliver an easy-to-use interface, the application is aimed at improving personalized customer service, increasing floor efficiency and reducing transaction time and costs.

"We are excited to work with Starmount on mobile POS," said John Devine, Executive Director of Information Technology, Urban Outfitters, Inc. "Starmount's solution will deliver a platform to drive efficiency in-store while enabling us to create the differentiated customer experience Urban Outfitters is known for."

The mobile POS solution will provide store associates a tool to complete transactions where the point-of-decision is occurring. It will include full functionality of a fixed-base POS system as well as integration with in-store databases. The mobile application will be developed on the Starmount Application Framework, which is platform and operating system independent and easily integrates applications from point-of-service systems to inventory management tools.  The framework can be extended to new mediums such as interactive kiosks and digital signage, enabling customers to focus on their changing business needs instead of the underlying technology.

"Urban Outfitters is truly an innovator with in-store technology," said Joe Halloum, President and CEO, Starmount.  "The collaboration with Urban Outfitters continues our longstanding relationship to deliver connected commerce products and services that will improve their customers' in-store experience while lowering their transaction costs."

A prototype will be demonstrated at Oracle Retail CrossTalk 2010, June 22-24. The annual forum brings together retail executives from around the country to share ideas and discuss industry trends. Starmount is proud to be a Silver Sponsor of this year's event. Learn more at www.oraclecrosstalk.com.

Resources

Product information: www.starmountsystems.com/products/

For sales or service inquiries: 1-866-412-9587

About Starmount

Starmount is a leading provider of connected commerce solutions, from software for digital signage, interactive kiosks, and mobile devices to integration and implementation of point-of-service applications. Starmount provides tightly integrated products and services, enabling our clients to create the best engagement experience for their customers. Headquartered inAustin, Texas, Starmount works with a diverse client base around the world including customers from the retail, quick-serve restaurant, hospitality, and gaming industries. www.starmountsystems.com

iPod touch and Apple are registered trademarks of Apple Inc.

SOURCE Starmount

Related articles by Zemanta

• Urban Outfitters to Open 45 New Stores in 2010 (shoppingblog.com)

Gartner Report: Mobile Payment Users Worldwide to Exceed 108 Million in 2010

Image via CrunchBase

STAMFORD, Conn., June 21, 2010 —    The number of mobile payment users worldwide will exceed 108.6 million in 2010, a 54.5 percent increase from 2009, when there were 70.2 million users, according to Gartner, Inc. Mobile payment users will represent 2.1 percent of all mobile users in 2010.

"We continue to see strong growth in developing markets in Asia, Eastern Europe, the Middle East and Africa for mobile payment, while adoption in North America and Western Europe lags behind due to the plentiful choices of payment instruments that consumers have," said Sandy Shen, research director at Gartner. "Developing markets have found the right formula for mobile money services — functions that users want and an ecosystem that can sustain the service."



"The answer for developed markets, however, remains elusive. The offerings for developed markets will take a different format," Ms. Shen said. "Instead of a point offering for mobile payment, the service needs to be built on top of the existing payment behavior and infrastructure so that users can choose any channel — retail, phone, online or mobile — that suits their context at the moment of payment."



Asia/Pacific is the leading region with mobile payment users. In Asia/Pacific, mobile payment users will surpass 62.8 million in 2010 (see Table 1), and represent 2.6 percent of all mobile users. In Europe, the Middle East and Africa (EMEA), mobile payment users will total 27.1 million and represent 2.1 percent of all mobile users in the region. In North America, mobile payment users will number 3.5 million and represent 1.1 percent of all mobile users in the region.

Table 1

Mobile Payment Users by Region (Thousands)

Region	2009	2010
Western Europe	4,519	7,127
North America	1,905	3,502
Asia/Pacific	41,865	62,828
EMEA	16,823	27,091
Latin America	5,131	8,010
Total	70,242	108,558

Note: EMEA Region includes Eastern Europe, Middle East, and Africa. Source: Gartner (June 2010)

Ms. Shen said that the strong demand for mobile payment in developing markets is being driven by the unbanked and underbanked populations that do not have ready access to the banking infrastructure or PC, positioning mobile as the natural choice of access platform. At the same time, regulators in early-adopter markets are tightening up policies to provide better user protection and fight against unlawful financial activities relating to money transfer.



Short Message Service (SMS) remains the dominant mobile payment technology. Its ubiquity and ease of use makes it the technology of choice, not only for consumers in developing markets, but also for those in developed markets. Wireless Application Protocol/Web can support either downloadable clients or mobile browsers. It is more frequently used by consumers in developed markets due to the higher penetration of data-capable phones and active data plans.



Many financial institutions have failed to see the business case of Near Field Communication (NFC) payment, in particular, which offers similar functionality to contactless cards but with the added complexity of dealing with mobile carriers and other ecosystem partners.



Ms. Shen urged service providers in developing markets to investigate service interoperability to speed market uptake and foster healthy competition. She said that solution providers should ensure platform flexibility so that platforms can work with both the bank's and mobile carrier's systems, and so that it can be readily customized for local deployments.



Other interested parties will include financial institutions, which can use mobile payment to reach the unbanked and underbanked populations that cannot be easily reached with the traditional infrastructure. They will need to collaborate with mobile carriers in developing markets to take advantage of their brand recognition and service coverage. In developed markets, they should work with large retailers and online merchants to build on existing purchase and payment behavior.

Additional information is available in the Gartner report "Market Insight: The Outlook on Mobile Payment" which is available on the Gartner website athttp://www.gartner.com/resId=1367813.

Related articles by Zemanta

• By 2010, over 108 mn will pay via cellphone (ciol.com)


• Mobile Payment Transactions to Double in Value to $200bn by 2012, According to Juniper Research (pindebit.blogspot.com)


• Mobile payments to reach $630 bn by 2014 (ciol.com)


• 2010 to see 54 per cent jump in mobile payment users (computing.co.uk)


• Gartner predicts big increase in mobile commerce (v3.co.uk)

Gartner Says Number of Worldwide Mobile Payment Users to Reach 108.6 Million in 2010

Image via CrunchBase

STAMFORD, Conn., June 21, 2010 —    The number of mobile payment users worldwide will exceed 108.6 million in 2010, a 54.5 percent increase from 2009, when there were 70.2 million users, according to Gartner, Inc. Mobile payment users will represent 2.1 percent of all mobile users in 2010.

"We continue to see strong growth in developing markets in Asia, Eastern Europe, the Middle East and Africa for mobile payment, while adoption in North America and Western Europe lags behind due to the plentiful choices of payment instruments that consumers have," said Sandy Shen, research director at Gartner. "Developing markets have found the right formula for mobile money services — functions that users want and an ecosystem that can sustain the service."

"The answer for developed markets, however, remains elusive. The offerings for developed markets will take a different format," Ms. Shen said. "Instead of a point offering for mobile payment, the service needs to be built on top of the existing payment behavior and infrastructure so that users can choose any channel — retail, phone, online or mobile — that suits their context at the moment of payment."

Asia/Pacific is the leading region with mobile payment users. In Asia/Pacific, mobile payment users will surpass 62.8 million in 2010 (see Table 1), and represent 2.6 percent of all mobile users. In Europe, the Middle East and Africa (EMEA), mobile payment users will total 27.1 million and represent 2.1 percent of all mobile users in the region. In North America, mobile payment users will number 3.5 million and represent 1.1 percent of all mobile users in the region.

Table 1

Mobile Payment Users by Region (Thousands)

Region	2009	2010
Western Europe	4,519	7,127
North America	1,905	3,502
Asia/Pacific	41,865	62,828
EMEA	16,823	27,091
Latin America	5,131	8,010
Total	70,242	108,558

Note: EMEA Region includes Eastern Europe, Middle East, and Africa. Source: Gartner (June 2010)

Ms. Shen said that the strong demand for mobile payment in developing markets is being driven by the unbanked and underbanked populations that do not have ready access to the banking infrastructure or PC, positioning mobile as the natural choice of access platform. At the same time, regulators in early-adopter markets are tightening up policies to provide better user protection and fight against unlawful financial activities relating to money transfer.

Short Message Service (SMS) remains the dominant mobile payment technology. Its ubiquity and ease of use makes it the technology of choice, not only for consumers in developing markets, but also for those in developed markets. Wireless Application Protocol/Web can support either downloadable clients or mobile browsers. It is more frequently used by consumers in developed markets due to the higher penetration of data-capable phones and active data plans.

Many financial institutions have failed to see the business case of Near Field Communication (NFC) payment, in particular, which offers similar functionality to contactless cards but with the added complexity of dealing with mobile carriers and other ecosystem partners.

Ms. Shen urged service providers in developing markets to investigate service interoperability to speed market uptake and foster healthy competition. She said that solution providers should ensure platform flexibility so that platforms can work with both the bank's and mobile carrier's systems, and so that it can be readily customized for local deployments.

Other interested parties will include financial institutions, which can use mobile payment to reach the unbanked and underbanked populations that cannot be easily reached with the traditional infrastructure. They will need to collaborate with mobile carriers in developing markets to take advantage of their brand recognition and service coverage. In developed markets, they should work with large retailers and online merchants to build on existing purchase and payment behavior.

Additional information is available in the Gartner report "Market Insight: The Outlook on Mobile Payment" which is available on the Gartner website athttp://www.gartner.com/resId=1367813.

Contacts: 
 

Christy Pettey 
Gartner
+1 408 468 8312
christy.pettey@gartner.com 

Ben Tudor 
Gartner
Tel (Media Hotline): +44 (0)1784 267738
Tel: +44 (0)1784 267298
ben.tudor@gartner.com 


About Gartner: 
Gartner, Inc. (NYSE: IT) is the world's leading information technology research and advisory company. Gartner deliver the technology-related insight necessary for its clients to make the right decisions, every day. From CIOs and senior IT leaders in corporations and government agencies, to business leaders in high-tech and telecom enterprises and professional services firms, to technology investors, Gartner is the indispensable partner to approximately 60,000 clients in 10,000 distinct organizations. Through the resources of Gartner Research, Gartner Executive Programs, Gartner Consulting and Gartner Events, Gartner works with every client to research, analyze and interpret the business of IT within the context of their individual role. Founded in 1979, Gartner is headquartered in Stamford, Connecticut, U.S.A., and has approximately 4,300 associates, including approximately 1,200 research analysts and consultants serving clients in 80 countries. For more information, visit www.gartner.com.

Related articles by Zemanta

• By 2010, over 108 mn will pay via cellphone (ciol.com)
• Mobile Payment Transactions to Double in Value to $200bn by 2012, According to Juniper Research (pindebit.blogspot.com)

New Market Research Report on Smart Cards in the Americas Now Available From the Smart Card Alliance

PRINCETON JUNCTION, NJ, JUNE 22, 2010 – Today, at least one smart card has been shipped for every person on the planet, with the globally installed base of smart cards estimated to have surpassed eight billion in 2009.  In the Americas, the number of smart cards is expected to grow to 1.2 billion by 2014.  More research, and new information on the state of the smart card market in the Americas, can be found in a new study, “Smart Cards & Smart Card ICs –Americas –2010," created by IMS Research in association exclusively with the Smart Card Alliance.

“This report is the first research of its kind to address smart cards specifically for the Americas, and contains the most up-to-date smart card research available for the region,” said Randy Vanderhoof, executive director of the Smart Card Alliance.  “That makes it an essential marketing tool for our members, or anyone that is part of the smart card market in the United States, Canada, Mexico or Latin America.  Using the more than 90 tables and 50 figures in the report can help companies identify growth areas and opportunities, and make more educated investments in developing smart card-based products and services.”

 

For the report, IMS Research has drawn on in-depth interviews with major smart card manufacturers, smart card system suppliers, and semiconductor suppliers to the smart card industry.  The features of the report include:

·         Estimates of the smart card installed base for 2008 and 2009 with forecasts to 2014

·         Detailed forecast unit shipment volumes to 2014

·         Detailed breakdowns by product type, end-user sector and geographic region for smart cards and smart card ICs

·         Key trends and opportunities in fast developing sectors such as payment and banking, and ID

·         Key market breakdowns segmented by smart card type, user sector, memory requirement, core bit-width, card type, and geographic region

·         Market share estimates for leading vendors in terms of total unit shipments, with additional splits by memory and microcontroller card types

·         Market share estimates for the first half of 2009 for SIM cards, payment and banking, and e-ID

Pricing and ordering information for the report can be found on the IMS Research Web site, or through the Smart Card Alliance Web site. 

About the Smart Card Alliance

The Smart Card Alliance is a not-for-profit, multi-industry association working to stimulate the understanding, adoption, use and widespread application of smart card technology. 

Through specific projects such as education programs, market research, advocacy, industry relations and open forums, the Alliance keeps its members connected to industry leaders and innovative thought.  The Alliance is the single industry voice for smart cards, leading industry discussion on the impact and value of smart cards in the U.S. and Latin America.  For more information please visit http://www.smartcardalliance.org.

###

Related articles by Zemanta

• The Advantages & Disadvantages of Using Smart Cards (brighthub.com)