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ChapterTitleUpdate
Industry

Checks dominate B2B payments ponent as part of ABnote's mobile
wallet offering. "OTI's WAVE device
Based on the Association for Financial Professionals' 2013 AFP Electronic expands our capabilities for secure
Payments Survey, U.S. companies continue to make business-to-business (B2B) NFC-based payments," said John
payments by check, yet interest in mobile payments is growing. "The typical Ekers, Global Chief Information
organization makes half its B2B payments by check, down from 81 percent in Officer of ABnote.
2004," said Jim Kaitz, AFP President and CEO. Barriers to B2B electronic pay-
ments included difficulty convincing customers and suppliers to adopt other Equinox aligns with Infinite
methods and lack of resources.
Equinox Payments LLC teamed
Smart-enabled digital age with Infinite Peripherals Inc.
in launching Apple iOS compat-
An ABI Research report containing market data for the fourth quarter 2013 ible mobile offerings that integrate
on retail technologies and applications identified smartphones as a key com- with IPC's Linea Pro and Infinea
ponent changing the way people shop. "Smartphones will completely revolu- Tab systems. The objective is to
tionize the existing analytics, CRM, digital signage, loyalty and POS markets, equip handheld devices with bar
not to mention opening up a whole new medium for retailers to sell advertis- code scanner, card reader, inven-
ing to brands," said Patrick Connolly, Senior Analyst for ABI Research. The tory management, asset tracking,
report includes more than 100 forecast tables. ID verification and lead tracking
capabilities. Under the agreement,
PARTNERSHIPS IPC will also offer its customers
the Equinox Remote Key Injection
ABnote, OTI move WAVE platform for security management.
FreedomPay and Microsoft
Global card manufacturer and secure credentialing solutions provider ABnote
entered a collaborative agreement with On Track Innovations Ltd., an NFC unite
applications developer, to launch OTI's patented device-agnostic WAVE com-
FreedomPay Inc. and Microsoft
Corp. are jointly developing a pay-
ment platform-as-a-service that
integrates mobility to capture con-
sumer and inventory data enter-
prise-wide. "In the past, the pay-
ments business was purely trans-
actional," said Colin Kerr, Industry
Solutions Director, Worldwide
Financial Services at Microsoft. "To
fend off competition and to unlock
the inherent value in payments,
banks and merchants must treat the
payments business as an informa-
tion business."
Ingenico and JCB EMV ven-
ture
France-based Ingenico partnered
with Japan-based JCB International
Co. Ltd. to support development
of JCB's J/Speedy EMV contact-
less payment solution through
Ingenico's Telium 2 platform. The
launch is slated for mid-2014. "It
is definitely a big step forward
for us to have Ingenico incorpo-
rate the J/Speedy kernel onto their
global terminal platform," said Tac
Watanabe, Executive Vice President
and Head of Brand Infrastructure &
Technologies for JCB.

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