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IndustryUpdate
ANNOUNCEMENTS Three execs to lead Transact 14 roundtable
The Electronic Transactions Association said Wells
Acculynk granted authentication patent Fargo Merchant Services' Debra Rossi, Vantiv LLC's
Donald Boeding and Bank of America Merchant Services
PIN debit authentication gateway provider Acculynk LLC's Brian Mooney will lead an executive roundtable
received a patent from the European Patent Office for at Transact 14: Powered by ETA. The tradeshow will be
the company's PIN-based online customer authen- held April 8 to 10, 2014, at the Mandalay Bay Resort and
tication process over the Internet. The patent pro- Casino in Las Vegas.
tects the mechanisms and processes behind Acculynk's
PaySecure service as the firm expands into European EMVCo to expand EMV specs
e-commerce markets.
EMVCo, the global Europay/MasterCard/Visa (EMV)
Apple settles FTC complaint chip card standards body, reported it will expand its
specification to include transaction tokenization. Using
Apple Inc. agreed with the Federal Trade Commission tokenization methods frees merchants and digital wal-
to refund consumers for allowing children to make let operators from the necessity to store sensitive card
iTunes purchases without their parents' consent. The account numbers, EMVCo said.
FTC complaint alleged that Apple did not inform
accountholders that entering iTunes passwords opens DCC specialist achieves certifications
a 15-minute window in which children can pay for
an unlimited amount of purchases from Apple's App County Kerry, Ireland-based dynamic currency con-
Store. Apple will pay a minimum of $32.5 million to version (DCC) provider Fexco Merchant Services com-
settle the FTC action. pleted ISAE 3402 and SSAE 16 certifications. By being
certified on the internal risk governance and control
CheckAlt crosses $4 billion threshold standards, Fexco further demonstrates its commitment
to providing sound and transparent financial services,
Remote deposit capture specialist CheckAlt said it the company noted.
ended 2013 by surpassing $4 billion in check payments
processed last year. The results indicate to CheckAlt Fiserv gamifies bill payments
that it is continuing to gain momentum in the payments
and financial services industries by improving the way Payment processor Fiserv Inc. incorporated gamifica-
banks, credit unions and merchants accept and process tion principles to its CheckFree RXP electronic bill pay-
paper and virtual checks. ment service to make paying bills more intuitive and
• According to The National Retail Federation's 2014 Super Bowl Spending survey,
181 million people were expected to view the game, spending on average
$68.27 for game-day food and beverages, athletic wear, decorations and
televisions, reaching $12.3 billion in total spending.
• The NPD Group Inc. estimates total U.S. retail toy sales for the 2013 holiday
shopping season dipped 1 percent compared with a year ago; sales in youth
electronics and arts & crafts gained 18 percent and 8 percent in their respective
categories.
• The U.S. Census Bureau's Advance Monthly Sales for Retail and Food Services,
December 2013 report projected retail and food services sales of $431.9 billion
for December, up 0.2 percent from November and 4.1 percent above December
2012's sales figures.
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ANNOUNCEMENTS Three execs to lead Transact 14 roundtable
The Electronic Transactions Association said Wells
Acculynk granted authentication patent Fargo Merchant Services' Debra Rossi, Vantiv LLC's
Donald Boeding and Bank of America Merchant Services
PIN debit authentication gateway provider Acculynk LLC's Brian Mooney will lead an executive roundtable
received a patent from the European Patent Office for at Transact 14: Powered by ETA. The tradeshow will be
the company's PIN-based online customer authen- held April 8 to 10, 2014, at the Mandalay Bay Resort and
tication process over the Internet. The patent pro- Casino in Las Vegas.
tects the mechanisms and processes behind Acculynk's
PaySecure service as the firm expands into European EMVCo to expand EMV specs
e-commerce markets.
EMVCo, the global Europay/MasterCard/Visa (EMV)
Apple settles FTC complaint chip card standards body, reported it will expand its
specification to include transaction tokenization. Using
Apple Inc. agreed with the Federal Trade Commission tokenization methods frees merchants and digital wal-
to refund consumers for allowing children to make let operators from the necessity to store sensitive card
iTunes purchases without their parents' consent. The account numbers, EMVCo said.
FTC complaint alleged that Apple did not inform
accountholders that entering iTunes passwords opens DCC specialist achieves certifications
a 15-minute window in which children can pay for
an unlimited amount of purchases from Apple's App County Kerry, Ireland-based dynamic currency con-
Store. Apple will pay a minimum of $32.5 million to version (DCC) provider Fexco Merchant Services com-
settle the FTC action. pleted ISAE 3402 and SSAE 16 certifications. By being
certified on the internal risk governance and control
CheckAlt crosses $4 billion threshold standards, Fexco further demonstrates its commitment
to providing sound and transparent financial services,
Remote deposit capture specialist CheckAlt said it the company noted.
ended 2013 by surpassing $4 billion in check payments
processed last year. The results indicate to CheckAlt Fiserv gamifies bill payments
that it is continuing to gain momentum in the payments
and financial services industries by improving the way Payment processor Fiserv Inc. incorporated gamifica-
banks, credit unions and merchants accept and process tion principles to its CheckFree RXP electronic bill pay-
paper and virtual checks. ment service to make paying bills more intuitive and
• According to The National Retail Federation's 2014 Super Bowl Spending survey,
181 million people were expected to view the game, spending on average
$68.27 for game-day food and beverages, athletic wear, decorations and
televisions, reaching $12.3 billion in total spending.
• The NPD Group Inc. estimates total U.S. retail toy sales for the 2013 holiday
shopping season dipped 1 percent compared with a year ago; sales in youth
electronics and arts & crafts gained 18 percent and 8 percent in their respective
categories.
• The U.S. Census Bureau's Advance Monthly Sales for Retail and Food Services,
December 2013 report projected retail and food services sales of $431.9 billion
for December, up 0.2 percent from November and 4.1 percent above December
2012's sales figures.
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