Tuesday, December 7, 2010

MasterCard Develops Payment Solution for ‘Aadhaar’ in India

MasterCardImage via Wikipedia


PURCHASE, N.Y.--(BUSINESS WIRE)--MasterCard Worldwide, a leading global payments company, today said it has developed a payment solution for ‘Aadhaar’. ‘Aadhaar’ is a 12-digit Unique Identification Number (UID) that captures basic demographic and biometric information of Indian residents. The UID will make it possible for residents to establish their identity with financial institutions thereby providing them a gateway into the formal banking system. This payment solution will enable Aadhaar holders to perform payment transactions using UID numbers with biometric authentication.

“MasterCard is proud to collaborate with the UIDAI in enabling financial inclusion for a significant portion of the Indian population by facilitating payments.”  The solution is based on the Unique Identification Authority of India (UIDAI) platform and MasterCard’s payment network and family of brands. The solution will empower ‘Aadhaar’ account holders to move away from cash and towards electronic transactions.

The solution supports prepaid, debit and credit payment products in a broad based offering to drive UIDAI’s objective of Financial Inclusion.
As part of the proposed solution, it enables participating banks to issue a 16 digit Primary Account Number (PAN) to individuals enrolled into ‘Aadhaar’. MasterCard has developed a direct interface with UIDAI to perform UID biometric authentication of such payment transactions. With this solution, payment transactions will be performed using the UIDAI authentication infrastructure and MasterCard’s authorization, clearing and settlement infrastructure.
“MasterCard is proud to collaborate with the UIDAI in enabling financial inclusion for a significant portion of the Indian population by facilitating payments.” said Mr. T.V. Seshadri, General Manager, South Asia, MasterCard Worldwide. “MasterCard has been at the forefront of driving secure payment transactions in India and strongly believes the Aadhaar initiative will have a radical and transformative impact on the payments industry in India. It is indeed a decisive step for MasterCard towards achieving our national goal of displacing cash with electronic payments and opening up immense payment possibilities in India. MasterCard is confident that this state-of-the-art solution also brings safety, security, speed and efficiency in the evolving payment industry.”
For the proof-of-concept, MasterCard has integrated and collaborated with ElectraCard Services Pvt. Ltd. (ECS) and Integra Micro Systems (P) Ltd. (Integra) for front-end processing and terminal deployment respectively. Today’s demonstration will showcase a working model of this integration that brings advantages of scale, flexibility and innovation.
ECS provides enterprise solutions and third party processing services around credit, debit and prepaid card management and EFT switching to financial institutions across 25 countries. As part of its product innovation strategy, ECS has enhanced its electra platform to process UID biometric enabled transactions, thus providing a secure and convenient payment mechanism for Aadhaar holders.
Integra Micro Systems is a leading technology & service provider for several leading Banks in India. The International Award winning terminal, iMFAST, is a popular front end device for use in the Financial Inclusion program that includes Aadhaar, NREGA and e-governance solutions. Integra is playing a vital role in the financial integration program by way of significant investments in new generation innovative solutions.
About MasterCard Worldwide
As a leading global payments company, MasterCard Worldwide prides itself on being at the heart of commerce, helping to make life easier and more efficient for everyone, everywhere. MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide. In 2009, $2.5 trillion in gross dollar volume was generated on its products by consumers around the world. Powered by the MasterCard Worldwide Network – the fastest payment processing network in the world – MasterCard processes over 22 billion transactions each year and has the capacity to handle 140 million transactions per hour, with an average network response time of 140 milliseconds and with 99.99 percent reliability. MasterCard advances global commerce through its family of brands, including MasterCard®, Maestro®, and Cirrus®; its suite of core products such as credit, debit, and prepaid; and its innovative platforms and functionalities, such as MasterCard PayPass™ and MasterCard inControl™. MasterCard serves consumers, governments, and businesses in more than 210 countries and territories. For more information, please visit us at www.mastercard.com. Follow us on Twitter: @mastercardnews.

Contacts

MasterCard Worldwide
Georgette Tan, (65) 6390-5971
georgette_tan@mastercard.com,
or
Jennifer Stalzer, 914-249-5325
jennifer_stalzer@mastercard.com
Permalink: http://www.businesswire.com/news/home/20101206007217/en/MasterCard-Develops-Payment-Solution-%E2%80%98Aadhaar%E2%80%99-India



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Monitise and ViVOtech Partner to Deliver NFC Mobile Payments


CARTES & IDentification 2010

LONDON--(BUSINESS WIRE)--Monitise (LSE: MONI.L), a global leader in mobile money solutions, has joined forces with leading near field communication (NFC) software developer ViVOtech, to deliver mobile phone payments services to banks across the United States.
The partnership means customers of participating banks will be able to turn their handset into a mobile wallet (linked to registered bank accounts, credit and debit cards) and purchase items using contactless payments at merchants with NFC capabilities.
In addition to contactless payments, service users will be able to transfer money from their registered accounts to other bank accounts, perhaps in response to an overdraft alert or to friends and family. The service will also deliver retail coupons and discounts directly to the user on their mobile phone.
From the commercial perspective, the partnership offers banks and other financial institutions a world-class, secure mobile financial management and purchasing service which they can deliver to their customers.
This NFC service will be delivered through the combination of ViVOtech’s over-the-air (OTA) software and Monitise’s Mobile Money technology.
ViVOtech’s software allows data, such as credit, debit or prepaid card credentials, to be remotely loaded onto a secure chip. This can be in an NFC phone, a SIM card or a chip contained within a microSD card that can be inserted into the majority of existing smartphones, including BlackBerry, Android, Nokia and even in various iPhone cases.
In the coming months, new handsets released by major manufacturers will have built-in NFC capability.
The partnership is part of Monitise’s program to broaden its range of contactless payments capabilities worldwide, evidenced by the recent announcement of a microSD technology trial with U.S. Bank, the 5th largest bank in the United States.
Lisa Stanton, Monitise executive director of global alliances, said, “Monitise welcomes its partnership with ViVOtech to deliver the next generation of fast, secure contactless payments to our many financial institution clients in the United States. We pride ourselves on being at the forefront of mobile financial management and contactless payments. Combining the power of ViVOtech’s OTA software with our Mobile Money technology platform will ensure that we continue to deliver what the banks and their customers are looking for.”
Michael Mullagh, CEO of ViVOtech, said, “We are delighted that Monitise will be using ViVOtech’s over-the-air provisioning technology for NFC mobile handsets. With this initiative, Monitise will help to accelerate the development of NFC-enabled smartphones, allowing banks to deliver enhanced shopping and payment experiences to cardholders using their existing mobiles as well as the new breed of smartphones.”
Research shows that consumers in the United States upgrade their handsets approximately every 18 months, pointing to the potential rapid and widespread adoption of NFC technology, driven by the offer of new services.
Monitise handles over 100 million mobile inquiries and transactions a year on 2,700 different types of handsets, delivering internationally proven bank-grade security as well as slick, user-friendly apps. The company has partnerships with over 240 financial institutions, with millions of people across the globe using its technology to manage their finances on their mobile phone.
To date, ViVOtech software has been used successfully in more than 30 NFC phone pilot projects around the globe.
About Monitise
Monitise plc (LSE: MONI.L) is a global leader in Mobile Money solutions, with the proven technology and expertise to enable financial institutions and other service providers to offer a wide range of mobile banking and payments services to their customers in both developed and developing territories.
With live services in the UK and in the USA, where it is in partnership with FIS, the company is currently working with international partners to deliver similar safe, secure mobile banking and payment services in territories worldwide, including India and the Asia-Pacific region. Current key partners include Visa, VocaLink, FIS, HSBC, Lloyds TSB, First Direct, Royal Bank of Scotland, NatWest, Travelex, Ulster Bank, Standard Chartered Bank, Vodafone, Orange, O2, T-Mobile, 3 UK, Best Buy, The Carphone Warehouse and First Eastern. For more information, visit http://www.monitisegroup.com.
About ViVOtech
ViVOtech (www.vivotech.com) is the leading end-to-end enabler of next-generation NFC mobile payments, loyalty and marketing solutions – including mobile wallet, patented Over-The-Air (OTA) provisioning, Trusted Service Manager infrastructure, NFC touch point (smart poster) management, and loyalty/coupon management software; and contactless NFC payment acceptance terminals. ViVOtech’s versatile software solution not only works with emerging NFC-enabled smartphones, but also with multiple existing mobile handset models including BlackBerry, iPhone, Android, and Nokia with add-on NFC accessories. ViVOtech products are used by prominent retailers, banks, processors, and mobile network operators all over the globe; the company has shipped more than 780,000 contactless NFC terminals to more than 35 countries. In 2009, ViVOtech received the prestigious Frost and Sullivan North American Smart Cards Product Line Strategy of the Year Award. In 2010, ViVOtech received the 2010 Mobility Award for its NFC mobile ViVOwallet software, Smart Card Alliance Award “Outstanding Smart Card Achievement” (OSCA) Award for Innovation in Payments Technology and the Contactless Intelligence “Monkey” Awards for Competitive Advantage through Technology used by Citi Tap and Pay NFC Pilot. ViVOtech’s investors include Citi, First Data Corporation, Motorola Ventures, NCR and Nokia Growth Partners.

Contacts

Monitise
Rebecca Warzycha, +1 401-305-5211
rebecca.warzycha@monitisegroup.com
or
For ViVOtech
SS|PR
Kristin Miller, +1 719-634-8292
kmiller@sspr.com
Permalink: http://www.businesswire.com/news/home/20101207005525/en/Monitise-ViVOtech-Partner-Deliver-NFC-Mobile-Payments


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Visa Mobile Contactless Payments Solution Certified for Commercial Use

A generic, 8GB, class 6, Micro SD card sitting...Image via Wikipedia

Visa approves DeviceFidelity’s In2Pay™ microSD for use with leading smartphone models
SAN FRANCISCO--(BUSINESS WIRE)--Visa Inc. (NYSE:V) and Visa Europe1 today announced the commercial availability of mobile contactless payments enabled by DeviceFidelity’s In2Pay microSD solution. For the first time in Visa’s history, a mobile contactless payment solution is now included in the list of Visa compliant products available for potential commercial deployment by financial institutions in the U.S. and select markets.
“In addition to issuing plastic magnetic stripe or chip-enabled payment cards, financial institutions can now consider offering their account holders a new technology that enables them to transform their existing phones into fully functional mobile payment devices.”

Following 18 months of technology development in partnership with Texas-based DeviceFidelity, and trials with leading financial institutions in the United States, Europe and Asia, Visa has tested and supports commercialization of In2Pay microSD for use with leading smart phones.
Smartphone models compatible for use with this landmark technology include the BlackBerry® BoldTM 96502, the iPhone 4, the iPhone 3GS, iPhone 3G, and the Android based Samsung Vibrant Galaxy 5, representing three of the leading mobile operating systems in the world. Visa expects to add additional phone models for use with this technology, including phones based on the Symbian and Windows operating systems.
“This is a historic milestone for Visa and its clients,” said Bill Gajda, head of Visa Mobile. “In addition to issuing plastic magnetic stripe or chip-enabled payment cards, financial institutions can now consider offering their account holders a new technology that enables them to transform their existing phones into fully functional mobile payment devices.”
From Trials to Commercial Availability
The compliance testing process for mobile devices established by Visa includes extensive technical, security and usability testing with respect to the Visa mobile payment functionality. It ensures reliable and secure Visa transactions that are compatible with the global standard for chip-enabled payments, and establishes a required signal range for all mobile contactless payments. Visa’s compliance testing process ensures the combination of the phone; secure chip and mobile payment application will provide the level of user experience Visa accountholders have come to expect from Visa.
The microSD payment technology has been developed in partnership with DeviceFidelity and had previously been available only to financial institutions who were participating with Visa in mobile payment trials including some of the largest financial institutions in the U.S. – JP Morgan Chase, Wells Fargo Bank, US Bancorp and Bank of America. Now, Visa issuers can obtain the technology under Visa’s standard contract terms and can load the Visa mobile payment application to microSD cards.
Issuers who choose to adopt the technology can provide their account holders with a tiny microSD card that can be inserted into the phone’s existing memory slot to enable the device for payment. The technology is compatible with existing contactless payment terminals already installed at retail outlets worldwide and enables account holders to simply hold the phone in front a payment terminal in order to pay.
This technology also opens the way for mobile operators, retailers and other stakeholders in the payments ecosystem to partner with financial institutions to bring Visa mobile payment functionality to consumers.
“This is a significant step towards the next generation of payments, loyalty and rewards, allowing banks and retailers to build entirely new business models,” said Nick Holland, Senior Analyst with Yankee Group. “Visa's announcement clearly illustrates that the future of payments will be mobile.”
Financial Institutions have the option to integrate Visa’s mobile payment solution into their existing mobile application, and offer additional services such as Visa transaction alerts that notify account holders in near real-time of account activity, and targeted merchant offers that are tailored to consumer lifestyle and location. Together, these services have the potential to enhance the consumer payment experience and allow account holders to better manage their payment accounts.
”This is a win-win for banks, merchants, wireless carriers, handset makers, app developers and consumers alike as it delivers a unique combination of consumer preferred devices, smart chip based security and application driven innovation, something that the NFC ecosystem has aspired for a long time,” said Deepak Jain, President and CEO of DeviceFidelity, Inc. “Working with Visa and its financial institution partners, we are excited to be at the forefront of this important milestone and helping to make mobile payments a reality for consumers.”
With nearly 5 billion mobile handsets in market around the globe, consumers everywhere have come to rely on their mobile phone as a part of everyday life. According to IDC3, smart phone shipments globally are expected to increase 24% in 2011, helping drive continued growth in more robust and powerful mobile devices that are capable of supporting contactless payment.
"Mobile payments are a strategic priority for Visa in Europe where we have played a leadership role in developing the market," commented Sandra Alzetta, Head of Innovation at Visa Europe. "We are delighted that the hard work we've invested in market trials has paid off. With this milestone, we can help our customers enter the mobile payment space on a commercial basis, offering valuable and exciting benefits to consumers."
About Visa Inc.
Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable digital currency. Underpinning digital currency is one of the world’s most advanced processing networks—VisaNet—that is capable of handling more than 20,000 transactions a second, with fraud protection for consumers and guaranteed payment for merchants. Visa is not a bank, and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: Pay now with debit, ahead of time with prepaid or later with credit products. For more information, visit www.corporate.visa.com.
About Visa Europe
In Europe, there are over 399 million Visa debit, credit and commercial cards. In the 12 months ending March 2010 those cards were used to make purchases and cash withdrawals to the value of €1.4 trillion. 11.2% of consumer spending at point of sale in Europe is with a Visa card, and more than 70% of that is on Visa debit cards.
Visa Europe is owned and operated by more than 4,000 European member banks and was incorporated in July 2004. In October 2007, Visa Europe became independent of the new global Visa Inc., with an exclusive, irrevocable and perpetual licence in Europe. As a dedicated European payment system it is able to respond quickly to the specific market needs of European banks and their customers - cardholders and retailers - and to meet the European Commission’s objective to create a true internal market for payments.
Visa enjoys unsurpassed acceptance around the world. In addition, Visa/PLUS is one of the world’s largest global ATM networks, offering cash access in local currency in over 200 countries. For more information, visitwww.visaeurope.com
About DeviceFidelity
DeviceFidelity, Inc. develops plug-and-play technologies that empower a variety of institutions to deploy their services and applications on millions of mobile phones worldwide. Its patent-pending In2Pay microSD and In2Pay iCaisse solution transforms popular mobile phones into an interactive contactless transaction device. Committed to bringing contactless innovation to the mobile phone, the company has numerous patents pending in both U.S. and international patent offices. DeviceFidelity is a private corporation with headquarters in Richardson, Texas and offices in San Mateo, California and New York. For more information, go to www.devicefidelity.com.
1 Visa Europe is a separate entity that is an exclusive licensee of Visa Inc.’s trademarks and technology in the European region
2 The BlackBerry RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited

Contacts

Visa Inc.
Elvira Swanson, +1-415-932-2564
globalmedia@visa.com
or
Visa Europe
Lorraine Pitt, +44-207-795-5291
europeanmedia@visa.com
Permalink: http://www.businesswire.com/news/home/20101206007179/en/Visa-Mobile-Contactless-Payments-Solution-Certified-Commercial


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Dynamic Card Solutions, Now Part of Datacard Group, Awarded Patent for Printing Method of Instantly Issued Unembossed Financial Cards


Patent Further Enhances Company’s Portfolio of End-to-End Instant Issuance Solutions

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Dynamic Card Solutions (DCS), recently acquired by DataCard Corporation (Datacard Group), and the leading provider of instant issuance and PIN selection solutions for banks, credit unions and retailers that issue magnetic strip, EMV® compliant and contactless cards, today announced that the U.S. Patent and Trademark Office granted the company a patent encompassing proprietary instant issuance printing technology for unembossed “flat” financial cards, further enhancing Datacard Group’s portfolio of end-to-end instant issuance solutions.
“We are pleased to have obtained this patent, as it demonstrates our ongoing innovation in the marketplace and the fact that we continue to pioneer strategic technology for instant card issuance”

Filed in 2007, the patent entitled ‘Real Time Card Printing Systems and Methods’ (U.S. Patent No. 7806338) describes the ability to produce—at the branch level—financial cards from blank card stock, including the ability to print unembossed financial cards instantly using reverse retransfer film with inhibitor panels.
The CardWizard® software platform enables the instant issuance of permanent financial cards, including debit, credit, ATM or prepaid cards, at the branch level. This patent specifically outlines the CardWizard software’s ability to print standard background designs, custom images, cardholder’s name, expiry date, logos, PAN and CVV/CVV2 codes in real time on full, over-the-edge retransfer film instead of directly on the card, using inhibitor panels to inhibit the retransfer film from transferring to the card on such areas as the signature panel, magnetic stripe or contact chip.
"We are pleased to have obtained this patent, as it demonstrates our ongoing innovation in the marketplace and the fact that we continue to pioneer strategic technology for instant card issuance,” said Ron Zanotti, senior vice president of financial instant issuance for Datacard Group. As debit and credit cards continue to be the convenient payment method of choice, many financial institutions are instantly issuing card products with multiple background images to associate their cards with affinity programs and/or institutional branding. This type of personalization at the branch level is an affordable way that financial institutions can increase service levels, increase revenue generation on cards, and cross-sell other card products.”
With the acquisition of DCS and the CardWizard software, Datacard Group offers a true Secure Issuance Anywhere™ infrastructure, which includes scalable, flexible hardware, software, supplies, and consultation and project management for any card issuance environment. The company’s expertise and intellectual property create an unmatched resource for financial institutions looking to implement a card issuance program that aligns with their business strategy and drives revenue and profitability. These card programs can include central or instant issuance, PIN selection and PIN change, embossed or unembossed cards, and contactless, NFC and EMV® compliant personalization applications.
For more information, please visit www.instantissuance.com or www.datacard.com.
About Datacard Group
Datacard Group is building on a 40-year heritage of innovation and customer success. Our portfolio of solutions, backed by expert service and support, enable card and secure ID programs for financial, government and other markets worldwide. With an unmatched commitment to customer satisfaction, Datacard remains the industry’s leading brand of secure ID and card personalization solutions. www.datacard.com
About Dynamic Card Solutions
Dynamic Card Solutions (DCS), recently acquired by Datacard Group, is the leading provider of instant issuance and PIN selection solutions for banks, credit unions and retailers that issue EMV® compliant, contactless and magnetic stripe cards. DCS currently has more than 550 financial institution customers supporting thousands of active branches globally. For additional information, call +1 303.754.2000 or visit the Dynamic Card Solutions Web site at www.instantissuance.com.


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Wells Fargo to Roll Out Mobile Payments Pilot; Visa Demonstrating Capability at CARTES 2010

CHICAGO - APRIL 09: A Wells Fargo sign hangs ...Image by Getty Images via @daylife
Piloting innovation to help customers conduct their payments in a quicker and more convenient way
CARTES & IDentification 2010
SAN FRANCISCO--(BUSINESS WIRE)--Continuing its leadership in the mobile banking space, Wells Fargo & Company (NYSE:WFC) is rolling out its Visa® (NYSE:V) microSD mobile payment pilot. This San Francisco based pilot will include 200 Wells Fargo team members who are also users of specific BlackBerry® smartphones and iPhone™ models.
“We’re proud, once again, to lead innovation in helping our customers conduct their financial transactions when, where and how they want.”

The pilot features DeviceFidelity’s In2Pay™ technology. BlackBerry smartphone users will directly insert the In2Pay microSD card into the slot in their device, while iPhone users will receive the protective In2Pay Case for iPhone with the In2Pay microSD card.
To make payments, users simply open the Wells Fargo Mobile Banking application, select pay with phone and wave the phone in front of the contactless reader at the point of purchase. The reader will light up and beep, indicating that the payment has been received.
Wells Fargo team members participating in the pilot will be able to use their personal BlackBerry smartphone or iPhone to make payments wherever there are contactless payment readers, including fast food restaurants, taxis, sporting event concession stands and vending machines.
“Wells Fargo was the first major financial services company to pilot mobile credit and debit payments that could be used anywhere nationwide contactless readers were available,” said Peter Ho, product manager for Wells Fargo Card Services and Consumer Lending. “We’re proud, once again, to lead innovation in helping our customers conduct their financial transactions when, where and how they want.”
The secure In2Pay microSD card will host Visa payWave, Visa’s contactless payment application. Wells Fargo specifically integrated the Visa payWave functionality into its award winning Wells Fargo Mobile Banking application for this pilot. Pilot participants can choose their payment instrument with the option of loading up to one Wells Fargo Visa Credit Card and one Wells Fargo Visa Debit Card.
The In2Pay technology developed by DeviceFidelity consists of a specially designed secure memory card containing a smart card chip, an integrated software controlled antenna and flash memory for storage of user content like photos and music. The smart card chip hosts Visa’s contactless application, Visa payWave, and is capable of hosting multiple accounts such as credit, debit and prepaid.
“We are proud to be providing the technology that is powering this unique pilot program at one of the most innovative banks in America,” says Amitaabh Malhotra, Chief Operating Officer of DeviceFidelity. “Working with Visa and its financial institution partners, we are at the forefront of making fast progress in bringing this solution to potentially millions of consumers.”
Visa mobile payments use multiple layers of security including advanced security technology to uniquely identify each contactless transaction. The technology is designed to protect against counterfeit fraud. All Wells Fargo Visa payWave transactions, including those initiated by a mobile phone, are backed by Wells Fargo’s Zero Liability protection. This means that a cardholder is not liable for any unauthorized transactions made at merchants, over the phone, on the Internet or at the ATM, when promptly reported.
Visa will showcase the Wells Fargo mobile payment application at the CARTES & IDentification Conference, Stand 4J022 from Tuesday December 7 to December 9, 2010 at the Paris-Nord Villepinte Exhibition Center, in Hall 4. To arrange a media pass, schedule an interview or for product information, please contact Elvira Swanson at 415-932-2564, or globalmedia@visa.com.
In October 2007, Wells Fargo became the first major financial services company in the country to offer consumer and small business customers both mobile web site (WF.com) and text-based (93557) account access via mobile devices. Today, Wells Fargo's mobile banking portfolio provides customers with more choices in how they bank, such as the Wells Fargo Mobile Banking app available on BlackBerry smartphones and the iPhone, available from wf.com.
Through Wells Fargo's Mobile Banking applications, customers can access their current available account balances, transaction history, and credit card payment information. Customers can also securely transfer funds to their other accounts or to other Wells Fargo customers and pay bills. In addition, customers can receive alerts on their mobile devices.
The Wells Fargo Mobile Banking App is available for free from the App Store on iPhone or at www.iTunes.com/AppStore.
Mobile Banking is covered by Wells Fargo's Online Security Guarantee. Visit https://www.wellsfargo.com/privacy_security/online/guarantee to learn more.
About Visa
Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable digital currency. Underpinning digital currency is one of the world's most advanced processing networks--VisaNet--that is capable of handling more than 20,000 transactions a second, with fraud protection for consumers and guaranteed payment for merchants. Visa is not a bank, and does not issue cards, extend credit or set rates and fees for consumers. Visa's innovations, however, enable its financial institution customers to offer consumers more choices: Pay now with debit, ahead of time with prepaid or later with credit products. For more information, visit www.corporate.visa.com.
About DeviceFidelity
DeviceFidelity, Inc. develops plug-and-play technologies that empower a variety of institutions to deploy their services and applications on millions of mobile phones worldwide. Its patent-pending In2Pay microSD and In2Pay iCaisse solution transforms popular mobile phones into an interactive contactless transaction device. Committed to bringing contactless innovation to the mobile phone, the company has numerous patents pending in both U.S. and international patent offices. DeviceFidelity is a private corporation with headquarters in Richardson, Texas and offices in San Mateo, California and New York. For more information, go to www.devicefidelity.com.
Wells Fargo & Company
Wells Fargo & Company (NYSE:WFC) is a nationwide, diversified, community-based financial services company with $1.2 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com and wachovia.com), and other distribution channels across North America and internationally. With more than 278,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked #19 on Fortune’s 2009 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.
The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited.







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Checkgateway Joins the Secure Vault Payments Network


Leading ACH Payment Processor Offers Online Payment Option to Financial Institutions, Merchants, Billers and Payment Gateway Clients


PHOENIX--(BUSINESS WIRE)--Checkgateway announced today they have joined the Secure Vault PaymentsTM network and now offer the online payment option to their nearly 10,000 merchants.  
“Internet retailers desperately need a viable check debit solution that will allow them to fulfill orders in a timely manner. Because it guarantees the retailer funds, we feel combining Secure Vault Payments with our advanced technology will create win-win relationships in nearly every sector.”

Secure Vault Payments is a safe and secure online payment network developed by NACHA — The Electronic Payments Association® and eWise, a provider of online payment and personal financial management solutions.
“Secure Vault Payments will allow us to tap into the online retail market,” Says John Kirchhefer, CEO of Checkgateway. “Internet retailers desperately need a viable check debit solution that will allow them to fulfill orders in a timely manner. Because it guarantees the retailer funds, we feel combining Secure Vault Payments with our advanced technology will create win-win relationships in nearly every sector.”
Designed specifically for the unique security and convenience requirements of online payments and ecommerce, Secure Vault Payments enables consumers to initiate fast and secure payments for purchases and bill payments through their financial institutions’ online banking platforms without enrolling, registering or sharing any account information. Financial institutions authenticate consumers and provide businesses with real-time authorization and confirmation of ACH transactions.
“We are fortunate to be able to provide advanced settlement, reporting and merchant boarding solutions from a procedural and software perspective for financial institutions and gateways,” says Brian Bonfigllio, CIO of Checkgateway. “I am very excited to help them with a comprehensive Secure Vault Payments offering to better the user experience and profitability for our clients.”
“We are pleased to welcome Checkgateway to the Secure Vault Payments network,” said Richard Brierley-Jones, Executive Vice-President of eWise. “Their expertise with ACH payment processing as well as their proprietary reporting and settlement system makes them a logical and valued member of the network.”
Companies interested in joining the Secure Vault Payments network should contact Dean Seifert, Senior Vice President, eWise at svp@ewise.com. Inquiries regarding the NACHA Operating Rules or Secure Vault Payments business rules should be directed to NACHA.
About Checkgateway
Checkgateway, a leader and innovator in the Automated Clearing House (ACH) payment processing industry, has been an ACH service bureau since 1993. Checkgateway is an affiliate member of the National Automated Clearing House Association (NACHA), an organization charged with making operational rules for the ACH network. In addition to providing superior and innovated services for ACH processing at a merchant level, Checkgateway also assists other Third Party Processors and financial institutions with software solutions by licensing our proprietary processing platform. Checkgateway provides the most robust and competitive processing services, software solutions and consulting services in the industry. This wide array of specialized products puts Checkgateway at the forefront of ACH payment processing.
About eWise
eWise is partnering with NACHA to provide the Secure Vault Payments network, utilizing its Online Banking ePayments (OBeP) technology and account management services. eWise is an online payment and personal financial management solutions provider with a reputation for providing innovative solutions that make transacting online easier and more secure. eWise offices in US, UK, China and Australia support some of the world’s top 50 financial institutions with solutions delivering outstanding, proven ROI for its customers and a better online experience for millions of end-users worldwide. For more information, visit www.ewise.com andwww.securevaultpayments.com.









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Offermatic Introduces Automatic Deals Generated by Credit Card Purchases

Dec 07, 2010 09:00 ET

New Offer Model Allows Consumers to Save Money via Automatic Rebates Applied Directly to Their Credit Card, While Enabling Merchants to Target People Based on Actual Spending History

SUNNYVALE, CA--(Marketwire - December 7, 2010) - Offermatic today introduces a new model for deals and offers that profoundly changes how consumers save money, and how merchants acquire and retain customers. 
For consumers, Offermatic provides a simple and powerful way to save money automatically through their existing credit or debit card -- without the need for coupons, codes, and vouchers. By signing up for the free service online and linking one or more cards, Offermatic anonymously and securely reviews purchase history and identifies highly targeted and relevant money saving offers from merchants. Offers are between $5 and $100, and rebates are applied directly to the user's debit or credit card after a purchase is made. No coupons needed. 
For merchants, better targeting equals better results. Offermatic is the first company to enable permission-based targeting of consumers based on their actual spending history -- the "spending graph." Rather than broad targeting of promotional offers, merchants can now use precision hyper-targeting, improving conversion rates by 10X - 100X over existing online or offline targeting methods. The accuracy of this new approach eliminates waste in marketing spend and allows the merchant to shift spend from marketing and advertising to the actual customer offer or deal.
Offermatic's tests with top retailers yielded a 14.5% conversion rate on offers made to customers -- an exponential improvement over average conversion rate of .5% - 1% via other channels. These results indicate that consumers prefer to receive automatic rebate offers that are highly targeted and personalized, without the hassle of coupons, codes, vouchers, and offers from daily deal sites that are neither highly targeted nor relevant.
The future of marketing is all about data. By enabling precise targeting using customers' spending graph, Offermatic is ushering in a new era of true 1 to 1 marketing. For consumers, Offermatic enables a frictionless savings model that delivers rebates directly to credit or debit cards, and filters offers to ensure relevance. Offermatic's innovative model has the potential to disrupt how promotional marketing is done.
"We're solving a real consumer problem by taking the pain out of saving money," said Faisal Qureshi, founder and CEO, Offermatic. "For retail merchants, we flip mass marketing on its head with a business model where marketing and advertising actually help the consumer. Our approach ensures that merchants and customers both win -- merchants acquire new profitable customers -- not just new customers -- and customers automatically save money just by using their credit or debit card. It's better for merchants, and better for consumers."
For more information, visit www.offermatic.com.
About OffermaticOffermatic brings to market a new model that changes how consumers save money, and how merchants acquire and retain customers. For consumers, Offermatic provides a simple and powerful way to save money automatically through their existing credit or debit card -- without the need for coupons, codes, and vouchers. For merchants, Offermatic enables permission-based targeting of consumers based on their actual spending history -- the "spending graph." Offermatic is founded by experienced Silicon Valley Internet entrepreneurs, and is seed funded by Kleiner Perkins Caulfield & Byers, Bessemer Venture Partners, and private angel investors.
Contact Info:
Mike Barash
Knock Twice
650-520-0120
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nFinanSe Launches Prepaid Mobile Customer Service App


nFinanSe Launches Prepaid Card Industry’s Most Comprehensive Mobile Customer Service App

Part of the Company’s Ongoing Commitment to Be a Leader in Customer Service
TAMPA, Fla.--(BUSINESS WIRE)--nFinanSe Inc. (OTCBB: NFSE) (www.nFinanSe.com) today announced the successful development, certification and release of the most comprehensive mobile Customer Service Application for the General Purpose Reloadable Prepaid Card Industry.  “Our cardholders encompass a wide segment of our society and we felt that an App was the next logical level of free value-added service for them”
The new nFinanSe App enables cardholders to access their accounts directly from their smart phones or other mobile devices, contact Customer Service or request a return call – all with just the touch of a key.
“Our cardholders encompass a wide segment of our society and we felt that an App was the next logical level of free value-added service for them,” said Jerry R. Welch, Chairman and CEO of nFinanSe. “This is part of our ongoing commitment to provide superior customer service. In today’s technology driven world, the need for innovative and responsive customer service is key for our continued growth.”
The App was developed in-house and is now available for free at the App Store at http://app-store.appspot.com.
nFinanSe has been a leader in customer-facing innovations, commencing with its “Free… of course” campaign three years ago. The Company continues to offer FREE Customer Service – 24 hour a day, 7 days a week, 365 days a year in both English and Spanish. In addition, nFinanSe offers immediate FREE access to highly trained Card Specialists without having to navigate an automated service.
The nFinanSe Reloadable Prepaid Visa® and Discover® Cards feature what the Company believes to be the best overall pricing in the marketplace at this time. The cards sell for just $3 at retail stores; have a low $2.95 monthly maintenance fee for an unlimited number of purchase transactions; and allow cardholders to load additional funds or “top up” for only $2.95. The Company also offers FREE direct deposit of payroll, FREE 24/7/365 live agent customer service in English and Spanish located in the United States and FREE cell phone text message alerts with purchase and balance information* after each transaction.
* nFinanSe does not charge additional fees for text message alerts regarding purchase and balance information. However, please be aware of any charges that may apply from your cell phone provider.
The Visa® Reloadable Prepaid Debit Card is issued by Palm Desert National Bank pursuant to a license from Visa U.S.A., Inc. nFinanSe is a registered ISO of Palm Desert National Bank. The nFinanSe Discover® Reloadable Prepaid Card is issued by Palm Desert National Bank, Palm Desert, CA, Member FDIC pursuant to a license from Discover® Network. Discover® and the Discover acceptance mark are service marks used by Palm Desert National Bank under license from Discover Financial Services. All cards’ funds are insured by the FDIC in accordance with the FDIC’s applicable terms and conditions.
“Safe Harbor” Statement under Private Securities Litigation Reform Act of 1995
This press release contains certain forward-looking statements based on nFinanSe Inc.’s, or the Company’s, current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements include statements regarding the Company’s expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will,” and “would” or similar words and include statements regarding the anticipated benefits of the Company’s products and the anticipated roll out of the Company’s products. Forward-looking statements in this release are based on information available to the Company as of the date hereof. The Company’s actual results may differ materially from those stated or implied in such forward-looking statements due to risks and uncertainties associated with the Company’s business, which include the Company’s ability to execute its business strategy and the other risk factors disclosed in the Annual Report on Form 10-K for the year ended January 2, 2010 on file with the Securities and Exchange Commission. The Company assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
About nFinanSe Inc.
nFinanSe Inc. (OTC Bulletin Board: NFSE) is an innovative financial services company and provider of stored value and prepaid card solutions headquartered in Tampa, Florida. nFinanSe has developed the nFinanSe Network™, a secure, reliable value load and activation platform that connects with retail merchants and other value load stations located throughout the United States. For more information, visit www.nfinanse.com.

Contacts

nFinanSe Inc., Tampa
Clare J. Morgan, 813-367-4400
cmorgan@nfinanse.com
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