JPMorgan Chase Ending Debit Rewards for Most in July

Bloomberg Businessweek (from Bloomberg Businessweek on March 21st) March 21 (Bloomberg) -- JPMorgan Chase & Co. will stop offering debit-card rewards for almost all of its customers in July to reduce losses from a proposed cap on interchange fees.  The company is mailing letters to customers announcing the change, said Tom Kelly, a spokesman for the bank. New York based JPMorgan said in November it would end rewards for new customers in February, while keeping programs for existing clients.  <<read more>>

Related articles

• JPMorgan to End Debit-Card Rewards in July (businessweek.com)
• Backgrounder: Behind the Battle Over Hidden Debit Card Fees (propublica.org)

IndiaPay Ready to Replace Visa, MasterCard

Mar 21, 2011

India Pay, which changed it's name to Rupay last December is ready to go...  

http://www.indiapay.com/

Mumbai, Mar 21 (PTI)

After almost two years of planning, the National Payments Corporation has at last finalized the proposed unique India Card which once commercially launched would be an domestic alternative to the global real-time payment processing firms like Visa and MasterCard.

Mumbai, Mar 21 (PTI) After almost two years of planning, the National Payments Corporation of India has finally finalized the proposed unique India Card which once commercially launched would replace the global real-time payment processing firms Visa and MasterCard, from the domestic payment system. "We have finalized name of the proposed card as Rupay at our board meeting here today. We have also finalized the logo for the same," a senior official of the RBI-set up National Payments Corporation of India (NPCI), told PTI this evening.The official sought not to be named. The official further said the leading financial consultancy firm Ernst & Young(E&Y) will develop and roll out the entire architecture, including the design and software for the Rupay card rollout. A senior E&Y official confirmed the development to this agency. He further said, the NPCI will initially launch a domestic ATM/debit cards to begin with and then would hit the credit card market later on. In 2009, the RBI had asked the Indian Banks Association to launch a not-for-profit company and design a rival card, then tentatively called India Card, that meets the requirements of the domestic banks. And finally, RBI plan is materialising and Rupay will be like the Union Pay of China, which is the domestic real-time payment processing firm for Chinese banks, and was planned to be launched last year.  <>

Senator Corker: Durbin Amendment is an "All Out Assault"

Sen. Corker: Durbin Amendment Is an 'All Out Assault' on the Community Bankers and Credit Unions - 

Sen. Corker: "I don't think the federal government should be setting prices. I fundamentally disagree with that. I emphasize that there is an issue here with retailers. I understand there is tremendous difficulties in negotiating with these entities but arbitrarily setting a price and have the Federal Reserve chairman do it is not the way to go. The way this amendment was passed was not correct. It was never debated and it was never discussed until the amendment was brought up to vote. The folks that regulate these entities have even said this is problematic. You could tell in Ben Bernanke's testimony that he was very uncomfortable with the orders he was given by Congress on how to set this. The OCC and the FDIC have both said this is highly problematic. If you were going to set prices you couldn't do it properly against the standards laid out in the Durbin amendment.

Read More at CNBC

Gemalto and STMicroelectronics Partner on NFC Apps

March 21, 2011 02:00 AM Eastern Daylight Time 

Gemalto and STMicroelectronics Partner to Jointly Develop Expanded Range of Secure Solutions for NFC Applications

CTIA WIRELESS 2011

ORLANDO, Fla.--(BUSINESS WIRE)--STMicroelectronics (NYSE: STM), a world leader in secure microcontroller ICs, and Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, today announced a new partnership to develop a range of solutions to initiate and distribute digital security services for NFC (Near Field Communications) applications. Building on the two companies’ extensive security expertise and portfolio of NFC technologies, the partnership aims to deliver solutions that will meet the strong global demand for NFC-based services.

“Gemalto is committed to bringing best-in-class digital security technology and expertise to advance NFC adoption globally”

The partners are addressing the industry’s need for a secure element, such as the widely adopted SIM-based NFC solution, for trusted NFC applications. They plan to further develop a number of additional packaged offers that include the highly secure ST33 EAL5+ chipset from ST, specially designed for mobile applications, and Gemalto’s secure operating system, mobile handset software, Trusted Service Management and secure personalization services. The combined turn-key solution will accelerate the adoption and implementation of NFC services, including consumer applications such as contactless payment, transportation ticketing, personal data protection and device integrity.

The development of a state-of-the-art embedded secure element incorporates the industry’s leading public key cryptography, matching the latest GP 2.2, JavaCard 3.0.1 specifications as well as Common Criteria EAL4+ and EMVCo certifications. Available both as a System-in-Package (SIP) version combined with ST’s ST21NFCA NFC controller, or as a stand-alone secure element in DFN or micro-SD packages, it will offer a full range of free memory sizes, up to 768 Kbytes, for applications that can be managed throughout the product lifecycle through innovative memory management.

“ST is delighted to partner with Gemalto on new and innovative products that will fully benefit from ST’s broad NFC portfolio, which ranges from an NFC router to advanced SIM and Secure Element ICs,” commented Marie-France Florentin, General Manager, Secure Microcontrollers Division, STMicroelectronics. “By combining some of the most advanced NFC related technologies from both companies, ST and Gemalto will bring leading and highly secure solutions to the market to further accelerate the deployment of NFC services across the world.”

“Gemalto is committed to bringing best-in-class digital security technology and expertise to advance NFC adoption globally,” added Frédéric Vasnier, Senior Vice President Telecommunications, Gemalto. “To better serve our customers operating in different markets, offering a broad portfolio of solutions reinforces our range of platforms to install, manage and execute mobile applications, and provides the foundation for large scale usage of NFC services. The new partnership ensures that Gemalto and STMicroelectronics will stay at the forefront in providing our customers with the most advanced NFC solutions that best fit their go-to-market.”

About Gemalto

Gemalto (Euronext NL 0000400653 GTO) is the world leader in digital security with revenues of €1.9 billion in 2010, and over 10 thousand employees operating out of 87 offices and 13 Research & Development centers in 45 countries.

Gemalto is at the heart of our evolving digital society. The freedom to communicate, travel, shop, bank, entertain, and work—anytime, anywhere—has become an integral part of what people want and expect, in ways that are convenient, enjoyable and secure.

Gemalto delivers on the growing demands of billions of people worldwide for mobile connectivity, identity and data protection, credit card safety, health and transportation services, eGovernment services and national security. We do this by providing solutions that leverage Gemalto’s secure software and services for governments, wireless operators, banks and enterprises to help them achieve their goals, enabled by a wide range of secure personal devices. Gemalto is the world leader for electronic passports and identify cards, smart banking cards, two-factor authentication smart tokens for online protection, Subscriber Identification Modules (SIM) and Universal Integrated Circuit Cards (UICC) in mobile phones. Moreover Gemalto delivers on emerging applications related to the ‘Internet of things’ by supplying wireless modules and Machine Identification Modules (MIM) for Machine-to-Machine communication.

As the use of Gemalto’s software and secure devices increases with the number of people interacting in the digital and wireless world, the Company is poised to thrive over the coming years.

For more information visit www.gemalto.com, blog.gemalto.com, or follow @gemalto on Twitter.

ViVOtech Introduces 3rd Gen ViVOnfc Software for NFC Handsets

March 21, 2011 11:56 AM Eastern Daylight Time 

ViVOtech Introduces ViVOnfc Software Suite 3.0

Patented Two Server TSM Software Architecture Delivers Scalable Interoperability Between Multiple NFC Ecosystem Players

CTIA WIRELESS 2011

ORLANDO, Fla.--(BUSINESS WIRE)--ViVOtech, the near field communication (NFC) software and systems company, today announced the third generation of its ViVOnfc™ Software Suite, the most collaborative and widely field tested Trusted Service Manager (TSM), over-the-air (OTA) provisioning, and digital wallet software for NFC handsets.

“ViVOtech has a long history of NFC software ‘firsts’ and this release is no exception by providing the key building blocks to enable multiple players in the complex NFC ecosystem to interoperate at scale and provide transformative rich payment, shopping and loyalty experience for consumers.”

“NFC mobile commerce is quickly moving from promise to reality,” said Michael (Mick) Mullagh, ViVOtech CEO. “ViVOtech has a long history of NFC software ‘firsts’ and this release is no exception by providing the key building blocks to enable multiple players in the complex NFC ecosystem to interoperate at scale and provide transformative rich payment, shopping and loyalty experience for consumers.”

How It Works:

The ViVOnfc™ Software Suite 3.0 – based on ViVOtech’s patented two-server software TSM architecture – comprises TSM provisioning software, the ViVOnfc Issuer Server, ViVOnfc Control Server and ViVOwallet® Library.

ViVOnfc TSM provisioning software creates a secure, OTA channel for mobile network operators (MNO), handset manufacturers, banks, merchants, and their chosen TSM partners, to provision credit, debit, prepaid, loyalty, and transit transportation cards to the secure storage on NFC-enabled mobile phones. The ViVOnfc TSM software also enables delivery of mobile marketing content to consumers such as personalized and location-based coupons, offers, promotions and rewards programs through a SPAM free authenticated mobile network. ViVOnfc software has been widely tested through more than 20 field trials, including the largest to date conducted last year by Citi and Vodafone using more than 3,000 NFC handsets.

ViVOnfc Issuer Server is used for OTA provisioning by credit, debit, and prepaid card issuers; merchant, loyalty and transit card issuers; and ticket, coupon or offers issuers. The server sends application data to the Secure Element or baseband memory of an NFC phone. The server also allows the card issuer to set up and manage soft-cards in NFC mobile wallet applications, powered with ViVOwallet Library. Hosted in the application issuer datacenter or a TSM, the Issuer Server can work with multiple TSM services run by an MNO, handset player, bank, or by a TSM on behalf of an MNO, handset player, or bank.

ViVOnfc Control Server, when run by a TSM, facilitates the OTA provisioning functions, and provides life cycle management of secure element and supported applications. It directs requests from the digital wallet application running on a phone to the Issuer Server supporting the application issuer’s back-office systems. The Control Server allows a TSM to interact with multiple Issuer Servers, and provides the most scalable interoperable solution for multiple NFC ecosystem players by enabling a mobile network operator (MNO) or a handset maker to build a richer and broader revenue stream from its NFC offerings, and monetize the real estate of the NFC secure element most effectively.

ViVOwallet Library is versatile NFC-enabling software that has an intuitive user interface which runs on mobile phones. ViVOwallet software is used to create a digital wallet on an NFC phone, that can access and securely manage multiple payment, loyalty, and transit cards, coupons, and tickets, stored in the wallet. ViVOwallet enables the OTA provisioning channel for soft-card data and payment applications on the handset, and provides management of the applications in the mobile phone’s secure element and baseband memory. ViVOwallet software works with all point-of-sale (POS) systems and terminals for payment, loyalty, and coupons redemptions that are equipped with ViVOpay® or other contactless readers. To date, ViVOtech has shipped more than 800,000 contactless readers.

ViVOtech’s new patents cover several additional important features of the ViVOnfc Software Suite 3.0, including:

• An easy-to-use and opt-in function for a consumer to request secure download of their payment cards into an NFC handset anytime, anywhere, by self-authenticating to their card issuers through mobile networks.
• The ability of an issuer to provision their branded image, customer support information and other relevant information from their plastic cards to the card holder’s mobile devices, providing a unique card issuer brand, and look and feel, on the mobile screen.
• The ability to allow first-time provisioning of single payment or loyalty cards one at a time, as well as existing users to provision multiple cards when switching mobile phones.

“ViVOtech has been at the forefront of in-store mCommerce since its inception,“ said Mohammad Khan, president and founder of ViVOtech “Our patented third generation NFC Software Suite provides all of the essential software and systems required to forever transform how consumers shop and pay for goods and services, receive and take advantage of special offers and advertising, and use their mobile phones in totally new ways that make their lives easier.”

About ViVOtech

ViVOtech, the near field communication (NFC) software and systems company, enables rich mobile commerce solutions for in-store payment, loyalty, marketing, and merchandising. Merchant, payment, mobile, web and advertising companies use ViVOtech solutions to enhance customer experience and grow their business. VIVOtech’s NFC software and systems are the broadest, most tested and deployed worldwide. Founded in 2001, Silicon Valley-based ViVOtech provides the key building blocks of the NFC ecosystem: smart applications, wallet and provisioning software, and point of sale systems. Join the NFC revolution at http://www.ViVOtech.com.

Contacts

ViVOtechKristin Miller, +1-719-634-8292
kmiller@sspr.com

Permalink: http://www.businesswir

NFC Business Models Whitepaper Available

NFC Business Models white paper

This free white paper is an edited extract from NFC Business Models and is based on the executive summary and key findings from the report. A full table of contents and a list of companies and brands mentioned in the report is also included.  From NFC World:

NFC Business Models white paper sets out the key issues involved in introducing mobile wallet services

The new white paper introduces a number of concepts that are fundamental to understanding the NFC market opportunity and includes details of ten of the most important findings from our NFC Business Models research report. MORE

Download the White Paper

Related articles

• The Week in Mobile: Ep. 9 - NFC FTW (bacononthego.com)
• Google and VeriFone said to be testing Android-driven NFC payments (linuxfordevices.com)
• Gemalto and STMicroelectronics partner on NFC (mobile-ent.biz)

HP Enters Prepaid Market

March 21, 2011 07:45 AM Eastern Daylight Time 

HP Opens New Market Opportunities to Banks with Prepaid Card Services

PALO ALTO, Calif.--(BUSINESS WIRE)--HP (NYSE:HPQ) today announced new services that provide banking clients with a flexible, secure, self-service and cost-effective payment delivery solution for prefunded cards.

“As consumers and businesses increasingly use debit and prepaid cards as money-management tools, banks need the ability to provide their clients with cost-effective prepaid solutions”

The HP Prepaid Card Services provide clients with:

• Increased simplicity by using a platform that provides a single view of the portfolio, thereby driving efficiency in customer service and standardizing back-office operations across products.
• New market opportunities by allowing banks to provide card-based payment services, regardless of a consumer’s credit eligibility. Prepaid cards create new revenue streams by enabling banks to meet unique market opportunities that exist within corporations, retailers, healthcare organizations, transportation agencies, universities and government entities.
• Inventory management that allows clients to deploy cards that contain no value until assigned and activated. A logistics management function tracks inventory levels, automatically reorders cards and dispatches cards when they are needed.
• Fraud protection that reduces client exposure to losses by applying advanced fraud monitoring tools on the transactions. The HP Prepaid Card Services support the latest EMV Chip and Pin requirements, thereby reducing the possibility of creating counterfeit cards or fraudulent transactions.
• More Info:  http://h20195.www2.hp.com/V2/GetPDF.aspx/4AA3-3740ENW.pdf

“As consumers and businesses increasingly use debit and prepaid cards as money-management tools, banks need the ability to provide their clients with cost-effective prepaid solutions,” said Sean Kenny, senior vice president, Industry Services, HP Enterprise Services. “HP provides financial services clients with highly flexible prepaid card solutions featuring innovative self-service capabilities that increase cardholder satisfaction while lowering costs for call centers.”

HP Prepaid Card Services add a comprehensive suite of modules across the entire life cycle of pay-before products, offering web-enabled services such as:

• An inventory management system tracks the complete life cycle of the card, providing clients with the assurance that they have card inventory ready for distribution;
• A self-service customer portal enables cardholders to easily enroll their cards securely with their issuing bank, view their transaction histories, add funds, change their PIN and report lost or stolen cards;
• A client brand able customer service portal allows simple and secure access to cardholder profiles and transactions to address customer inquiries.

HP Prepaid Card Services are an extension of the HP Cards and Payments Services portfolio, which supports an extensive range of debit, credit and now prepaid options, including the capability to use multiple currencies on a single card.

By enabling funds to become immediately available to consumers, HP Prepaid Card Services help financial institutions and businesses across a variety of industries and governments in their pursuit of an Instant-On Enterprise. In a world of continuous connectivity, the Instant-On Enterprise embeds technology in everything it does to serve customers, employees, partners and citizens with whatever they need, instantly.

About HP

HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world’s largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure at the convergence of the cloud and connectivity, creating seamless, secure, context-aware experiences for a connected world. More information about HP is available at http://www.hp.com.

Fiserv Named “Best Electronic Commerce Provider” by Global Finance Magazine

March 21, 2011 09:00 AM Eastern Daylight Time 

BROOKFIELD, Wis.--(BUSINESS WIRE)--Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, announced today that it has been named “Best Electronic Commerce Provider” by Global Finance magazine. This is the fourth year in a row that the company has been honored by the publication.

“We are particularly honored to receive this award in the year that mobile banking has been added to the criteria, as our research shows consumers want their primary bank or credit union to also connect with them via the mobile channel.”

The award is based on 12 categories of input from industry analysts, corporate executives and technology experts. This year, a new category “mobile banking” was one on which judges selected the best-in-breed provider. Other categories on which the company was judged include volume, market share, and scope of global/regional coverage; examples of cutting edge technology deployment and product innovation on a regional/global level; and examples of regional/global solutions that delivered significant benefits and cost savings for clients wanting to re-engineer their cash management processes.

”More than 16,000 financial institutions and business around the world trust Fiserv to help them solve complex business challenges,” said Steve Olsen, group president, Digital Payments, Fiserv. “We are particularly honored to receive this award in the year that mobile banking has been added to the criteria, as our research shows consumers want their primary bank or credit union to also connect with them via the mobile channel."

Fiserv provides its clients with traditional electronic payment solutions including debit, ACH, cards and online bill payment, as well as emerging solutions such as person-to-person payments. According to the company’s year-end 2010 earnings statement, Fiserv expanded its payments footprint by signing 537 electronic bill payment clients and 218 debit clients. The company also processed 3 of 4 online bill payments, delivered more than 330 million e-bills, managed more than 1.4 billion online bill pay transactions processed through financial institutions and has an EFT payments network with more than 1.5 million point-of-sale locations.

Additional Resources:

• Global Finance Magazine - http://bit.ly/dQ2NCx

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) is the leading global provider of information management and electronic commerce systems for the financial services industry, driving innovation that transforms experiences for financial institutions and their customers. Fiserv is ranked No. 1 on the FinTech 100 survey of top technology partners to the financial services industry. For more information, visitwww.fiserv.com.

YellowPepper Certified by Western Union as a Mobile Money Transfer Vendor

March 21, 2011 09:00 AM Eastern Daylight Time 

MIAMI--(BUSINESS WIRE)--YellowPepper, the leading mobile financial services company in Latin America, announced today that it has completed the certification and integration process in the Western Union Mobile Vendor Program.

“Western Union is an incredible partner to YellowPepper, and together we can change the way money moves around Latin America”

Now, YellowPepper is ready to support the Western Union® Mobile Money Transfer service in its platforms. Once a bank or mobile operator contracts with Western Union to activate the service, they can connect consumers with Western Union Agent locations worldwide. Mobile customers will be able to send and receive funds directly from or to their mobile wallets and use those funds to pay for utilities, goods and services.

“Western Union is an incredible partner to YellowPepper, and together we can change the way money moves around Latin America,” said Serge Elkiner, Founder and President of YellowPepper. “This certification represents a great acknowledgement of our commitment to the mobile financial services industry. International remittances are a logical extension of the YellowPepper functionality, and they build on our vision to give Latin America’s underserved financial community the ability to send money to anyone, anywhere in the region.”

YellowPepper provides a unique value proposition that allows banks, mobile network operators, merchants and consumers to conduct mobile financial transactions. The company offers a variety of services, including mobile enquiries and notifications, M-Wallet, M-Remittances, M-Top-Ups, M-Transfer, M-Bill Payments, M-B2B-Distribution and M-Commerce. The company currently has operations in nine countries: Mexico, Colombia, Peru, Ecuador, Guatemala, Dominican Republic, Bolivia, Haiti and Panama. In addition, YellowPepper has been selected by more than 40 banks and strategic partners in the region, among them: Western Union, Coca-Cola and Credibanco VISA.

About YellowPepper

Founded in 2004, YellowPepper with over 2.5 million users is positioned to lead the mobile financial services in Latin America. YellowPepper’s unique value proposition allows banks, mobile network operators, merchants and consumers to conduct mobile financial transactions in a secure, efficient and convenient manner. The Company is currently operating in nine countries: Mexico, Colombia, Peru, Ecuador, Guatemala, Dominican Republic, Bolivia, Haiti and Panama. The Miami-based company is the recent recipient of the IFC / World Bank first equity investment in a mobile financial services company in Latin America.

Contacts

For YellowPepper
CVOX Group, LLC
Maria Mancuso, 305-310-6425
maria@cvoxgroup.com

Permalink: http://www.businesswire.com/news/home/20110321005089/en/YellowPepper-Certified-Western-Union-Mobile-Money-Transfer

MasterCard Worldwide Ranks No. 31 on The 2011 DiversityInc Top 50 Companies for Diversity® List

March 21, 2011 09:30 AM Eastern Daylight Time 

PURCHASE, N.Y.--(BUSINESS WIRE)--MasterCard Worldwide is ranked among the top companies for diversity according to The 2011 DiversityInc Top 50 Companies for Diversity list. Of the 535 companies who participated this year, MasterCard ranked No.31. This is the second time in recent years that MasterCard has made this prestigious list – up 10 spots from its 2009 ranking at No.41.

Globally MasterCard has 12 regional employee-resource groups, which play an important role in the promotion of its diversity and inclusion efforts. These company-funded groups are used for recruitment, talent development, on-boarding of new employees and mentoring. In addition, MasterCard recently held its third annual Multicultural Summit.

This event is aimed at realizing MasterCard’s diverse perspectives and way to demonstrate its ongoing commitment to maintaining a diverse and inclusive culture. It is also used to identify ways to drive business growth and innovation.“MasterCard’s ability to innovate and provide payment solutions that make life easier for consumers all over the world is a direct result of the quality of our people and the diverse perspectives they bring to the table. We need to have a workforce that is as diverse and inclusive as the millions of consumers and geographies we serve. That commitment starts at the top and it’s what defines us as a truly global company,” said Donna Johnson, MasterCard chief diversity officer. “We are very proud at MasterCard that over these past few years we have been able to move the needle on diversity from beyond a conversation to a real point of impact.”

"Our metrics-driven, objective editorial process enables us to measure a company's cultural ability to relate to employees, customers, community and suppliers,” said DiversityInc CEO Luke Visconti. “There is a direct correlation between best practices in diversity management and human-capital results, but we feel our list is really about measuring a company's cultural ability to relate to a rapidly developing marketplace—not only in composition, but in its ability to immediately reward companies that have demonstrated respect." Visconti added, “MasterCard has demonstrated success in their approach and we are happy to welcome back a much-improved MasterCard to the DiversityInc Top 50 list.”

DiversityInc was founded in 1998 and is a metrics-based source of information on diversity management data, trends and best practices. To qualify for The DiversityInc Top 50 Companies for Diversity, participating companies must have more than 1,000 employees and must fill out a detailed questionnaire based completely on empirical questions on CEO commitment, human capital, internal and external communications, and supplier diversity. To see the full ranking of The 2011 DiversityInc Top 50 Companies for Diversity as well as more information on the methodology, visitwww.DiversityInc.com/top50.

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 2010, $2.7 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 23 billion transactions each year and has the capacity to handle 160 million transactions per hour, with an average network response time of 130 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
Jennifer Stalzer, 914-249-5325
jennifer_stalzer@mastercard.com

Permalink: http://www.businesswire.com/news/home/20110321005829/en/MasterCard-Worldwide-Ranks-No.-31-2011-DiversityInc

MasterCard to Participate in the Barclays Emerging Payments Conference

Image via Wikipedia

March 21, 2011 08:00 AM Eastern Daylight Time 

PURCHASE, N.Y.--(BUSINESS WIRE)--On Tuesday, March 29, Ed McLaughlin, chief emerging payments officer for MasterCard Incorporated (NYSE: MA), will participate in the Barclays Emerging Payments Conference in New York City. The discussion will begin at 9:20 a.m. Eastern Time and will last for approximately 40 minutes.

A listen-only live audio webcast will be accessible through the Investor Relations section of the MasterCard website at www.mastercard.com. An audio replay of the session will also be available for 30 days at the same website location.

About MasterCard Incorporated

As a leading global payments company, MasterCard Incorporated 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 2010, $2.7 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 23 billion transactions each year and has the capacity to handle 160 million transactions per hour, with an average network response time of 130 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.

Contacts

MasterCard Incorporated
Investor Relations:
Barbara Gasper, 914-249-4565
Investor_Relations@mastercard.com
or
Media Relations:
Chris Monteiro, 914-249-5826
Chris_Monteiro@mastercard.com

Permalink: http://www.businesswire.com/news/home/20110321005801/en/MasterCard-Participate-Barclays-Emerging-Payments-Conference

Sonim to Add NFC to XP3300 Handsets

From Near Field Communications World

Sonim to add NFC to XP3300 Force rugged handset

By Christopher Brown | 21 March 2011, 10:27

Sonim Technologies, maker of "the world's toughest mobile phones", is to add near field communications technology to its XP3300 Force handset later this year.

The phone, designed to withstand being dropped from a mountain edge or immersed in water, is the latest in the company's line of rugged handsets designed for workers in the most extreme environments.

An NFC and RFID-enabled model will be sampling at the end of the first quarter with product shipping in the middle of the year, Sonim's Roy Vervenne has told NFC World.

The XP3300 Force model has enterprise class GPS capabilities for real-time location tracking, a 2MP camera, long battery life and active noise cancellation.

LEARN MORE — Tech, brands, concepts: GPS, RFID, Rugged, XP3300

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• Sonim XP3300 FORCE - rugged enterprise mobile with world's longest talk time (gizmag.com)
• Sonim XP3300 Force has longest talk time in the world (slashgear.com)