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IndustryUpdate
ANNOUNCEMENTS marketing, direct selling association, union and the legal
industry vertical markets.
ACI Worldwide lands on FinTech 100 list Jumio unveils new Netswipe
Naples, Fla.-based processor ACI Worldwide was named Mobile payment and credentialing firm Jumio Inc.
to the American Banker's FinTech 100 list. The ranking of updated its proprietary credit card scanning and valida-
24 – four places better than its 2012 FinTech 100 show- tion technology, Netswipe 2.0. The new release features
ing – follows ACI's naming to the Forbes list of America's what Jumio called near-instant processing speed and
Best Companies with revenues under $1 billion. more comprehensive card data extraction, which results
in reduced payment friction.
CashStar expands Portland HQ
JUSP offers dynamic mobile POS pricing
Digital gift card network operator CashStar Inc. added
5,000 square feet of office space to its Portland, Maine, JUSP S.p.A., the Milan, Italy-based mobile POS provider,
headquarters. CashStar expanded so it could hire more released a dynamic pricing model for its all-in-one chip-
engineers, product managers, and client services, mar- and-PIN mobile POS (mPOS) solution. JUSP waives
keting and sales personnel. commission fees and charges a different (dynamic) fee
each month based on mPOS sales in any given month.
CradlePoint becomes PCI member
Dynamic pricing is designed for larger merchants, JUSP
CradlePoint Inc., a mobile wireless networking solu- said.
tions firm, joined the PCI Security Standards Council A 'bi-directional' NFC solution
(PCI SSC) as a participating organization. CradlePoint
will add its network security expertise to the PCI SSC Merchant360 Inc., a value-added service network opera-
community, said Kent Woodruff, the company's Chief tor, released what it terms a "bi-directional" NFC solu-
Security Officer. tion that enables POS terminals to communicate with
mobile devices for more than just payments. The solu-
FIME accredited for VMPA testing tion allows for the direct transfer of receipts and issuance
Smart chip testing organization FIME was accredited of coupons from terminals to smart devices, even when
by Visa Inc. to deliver Visa Mobile Payment Application such devices are offline, according to Merchant360.
(VMPA) testing. VMPA is a near field communication Angry Birds card reaches Canada
(NFC) -based application that resides in the secure ele-
ment of smartphones and transforms them into pay- Rovio Entertainment Ltd., developers of the popular
ment devices. Angry Birds mobile game and franchise, launched the
Angry Birds-branded general purpose reloadable pre-
ISO offers next day funding
paid card in Canada via Ontario-based program man-
Forth Worth, Texas-based ISO First American Payment ager Paymobile. The card is designed to promote smart
Systems LP issued a next day funding product called spending for Canadians and is available for purchase at
Next Day Funding. The product allows qualifying mer- www.paymobile.com.
chants to receive funds in half the time of traditional POS Supply resells POS stand
processing timelines, First American said.
POS Supply Solutions Inc. added the Pike iPad POS
New attack vector documented
Stand to its hardware offerings. The POS hardware
Online data backup provider Gillware Data Services reseller said over 121 million Apple Inc. iPads have been
reported on the new CryptoLocker "ransomware" virus. sold since 2010, which has created a large market for
The virus targets corporate networks via fake emails POS kiosk stands and enclosures.
that trick employees into downloading the virus. The POS Tablet launched for small businesses
ransomware then encrypts important files and sends a
message to the company that decryption of the files will Hardware provider POS Portal unveiled POS Tablet,
cost hundreds of thousands of dollars, Gillware said. a newly created venture designed to supply small
merchants with tablet-based POS systems. "This is an
i-payout hits payment milestone exciting time for small business," said Josh Johnstone,
Digital payment platform provider International Payout Marketing Director for POS Tablet. "Merchants can
Systems Inc. (i-payout) reported it has facilitated the now get their hands on some pretty amazing POS soft-
processing of 1.5 million transactions over the past year. ware apps; all they need to make it work is hardware."
The company recently issued a new brand logo and Merchants can lease or buy equipment from POS Tablet.
website geared toward global growth in the multilevel
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ANNOUNCEMENTS marketing, direct selling association, union and the legal
industry vertical markets.
ACI Worldwide lands on FinTech 100 list Jumio unveils new Netswipe
Naples, Fla.-based processor ACI Worldwide was named Mobile payment and credentialing firm Jumio Inc.
to the American Banker's FinTech 100 list. The ranking of updated its proprietary credit card scanning and valida-
24 – four places better than its 2012 FinTech 100 show- tion technology, Netswipe 2.0. The new release features
ing – follows ACI's naming to the Forbes list of America's what Jumio called near-instant processing speed and
Best Companies with revenues under $1 billion. more comprehensive card data extraction, which results
in reduced payment friction.
CashStar expands Portland HQ
JUSP offers dynamic mobile POS pricing
Digital gift card network operator CashStar Inc. added
5,000 square feet of office space to its Portland, Maine, JUSP S.p.A., the Milan, Italy-based mobile POS provider,
headquarters. CashStar expanded so it could hire more released a dynamic pricing model for its all-in-one chip-
engineers, product managers, and client services, mar- and-PIN mobile POS (mPOS) solution. JUSP waives
keting and sales personnel. commission fees and charges a different (dynamic) fee
each month based on mPOS sales in any given month.
CradlePoint becomes PCI member
Dynamic pricing is designed for larger merchants, JUSP
CradlePoint Inc., a mobile wireless networking solu- said.
tions firm, joined the PCI Security Standards Council A 'bi-directional' NFC solution
(PCI SSC) as a participating organization. CradlePoint
will add its network security expertise to the PCI SSC Merchant360 Inc., a value-added service network opera-
community, said Kent Woodruff, the company's Chief tor, released what it terms a "bi-directional" NFC solu-
Security Officer. tion that enables POS terminals to communicate with
mobile devices for more than just payments. The solu-
FIME accredited for VMPA testing tion allows for the direct transfer of receipts and issuance
Smart chip testing organization FIME was accredited of coupons from terminals to smart devices, even when
by Visa Inc. to deliver Visa Mobile Payment Application such devices are offline, according to Merchant360.
(VMPA) testing. VMPA is a near field communication Angry Birds card reaches Canada
(NFC) -based application that resides in the secure ele-
ment of smartphones and transforms them into pay- Rovio Entertainment Ltd., developers of the popular
ment devices. Angry Birds mobile game and franchise, launched the
Angry Birds-branded general purpose reloadable pre-
ISO offers next day funding
paid card in Canada via Ontario-based program man-
Forth Worth, Texas-based ISO First American Payment ager Paymobile. The card is designed to promote smart
Systems LP issued a next day funding product called spending for Canadians and is available for purchase at
Next Day Funding. The product allows qualifying mer- www.paymobile.com.
chants to receive funds in half the time of traditional POS Supply resells POS stand
processing timelines, First American said.
POS Supply Solutions Inc. added the Pike iPad POS
New attack vector documented
Stand to its hardware offerings. The POS hardware
Online data backup provider Gillware Data Services reseller said over 121 million Apple Inc. iPads have been
reported on the new CryptoLocker "ransomware" virus. sold since 2010, which has created a large market for
The virus targets corporate networks via fake emails POS kiosk stands and enclosures.
that trick employees into downloading the virus. The POS Tablet launched for small businesses
ransomware then encrypts important files and sends a
message to the company that decryption of the files will Hardware provider POS Portal unveiled POS Tablet,
cost hundreds of thousands of dollars, Gillware said. a newly created venture designed to supply small
merchants with tablet-based POS systems. "This is an
i-payout hits payment milestone exciting time for small business," said Josh Johnstone,
Digital payment platform provider International Payout Marketing Director for POS Tablet. "Merchants can
Systems Inc. (i-payout) reported it has facilitated the now get their hands on some pretty amazing POS soft-
processing of 1.5 million transactions over the past year. ware apps; all they need to make it work is hardware."
The company recently issued a new brand logo and Merchants can lease or buy equipment from POS Tablet.
website geared toward global growth in the multilevel
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