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IndustryUpdate
RESEARCH Secure Element Deployment & Host Card Emulation (HCE),
which analyzes the advantages, limitations and risks
associated with HCE. The report contends HCE will be
Are you being Googled? good for the near field communication ecosystem, but
Data compiled by The Strawhecker Group revealed who at this stage, remains immature, unstandardized – and
is benefiting most from Google word searches related to relative to SE-based deployments – vulnerable to mali-
the payments industry. The 21-page report titled Trend cious attack.
Graphs of Payments Industry Google Search provides a pic-
torial of the companies that scored highest when users PARTNERSHIPS
of the search engine keyed in word combinations like
mobile card processing, bitcoin, mobile wallets, card BillingTree, Ontario Systems step up healthcare
brands, merchant acquirers and other common industry
phrases. On-demand payment solution provider BillingTree
extended it relationship with Ontario Systems LLC,
Healthy ROI at mPOS an accounts receivable management technology and
Infinite Peripherals Inc. issued a white paper titled Four services provider. They have introduced an integrated
Distinct Areas of ROI of Mobile POS at Retail as a resource electronic payments solution for the Artiva Healthcare
to retailers. The paper identifies the critical areas to con- revenue cycle management system being marketed by
sider when investing in a mobile POS system, including Ontario Systems to its healthcare clients.
how it will impact operations and sales, how to calcu- EVO Snap in sync with iConnect
late per-unit cost and qualitative factors such as how to
engage customers in various scenarios. EVO Snap, a division of EVO Payments International
LLC, launched a new processing program in con-
Real-time ACH has backers junction with omni-channel POS provider iConnect
In a recent survey of financial industry profession- LLC. "We were leaving a lot of business on the table,"
als conducted by ACI Worldwide Inc., 70 percent of said Subodh Gupta, iConnect founder and President.
respondents stated they believe real-time automated "Through our partnership with EVO, we're approving
clearing house (ACH) payments will become a reality more than 95 percent of new customers and, with same-
within the next two years; 86 percent felt it would add day approval and boarding, we're getting those custom-
significant value for the business and corporate bank ers up and running faster than ever."
clients who would use the service to expedite payments. Meritus powers X-Cart
E-billing here to stay Meritus Payment Solutions entered an agreement
According to an Aite Group LLC survey, 59 percent with X-Cart to integrate its Payment XP gateway with
of U.S. consumers received both paper and electronic X-Cart's open-source e-commerce and shopping cart
billing as of the third quarter of 2013; for 41 percent platform. With the integration X-Cart's online clients
electronic billing was the only form of billing received. can now accept multinational forms of payment, man-
Americans reportedly paid more than 16.3 billion bills age fraud, and handle recurring billing through the
in 2013, of which nearly half were paid through digital gateway's secure customer vault, which also provides
channels. tokenization and advanced reporting capabilities, the
companies stated.
EMV's global foothold
Moki joins NAB at POS
According to data released by EMVCo, 2.37 billion EMV
chip-enabled payment cards and 36.9 million EMV- Moki Mobility Inc., in partnership with North American
ready payment terminals had been circulated globally Bancard, has agreed to manage NAB's mobile POS
as of the fourth quarter of 2013. And based on EMVCo's solution for in-store payment processing. Through the
latest findings, adoption rates for EMV cards in regions partnership NAB said it will deliver its PayAnywhere
where the cards had been implemented ranged from Storefront mobile payment platform via custom-built,
17.4 percent to 81.6 percent, while EMV-ready terminals in-store kiosks and Moki's Launcher program will pro-
fared better with adoption rates ranged from 71.7 to 99.9 vide monitoring and tracking.
percent. Net Element pairs with Womply on analytics
HCE needs more time to ripen Net Element Inc. and Womply partnered to make
SIMalliance, a global nonprofit industry association ded- Womply's merchant analytics platform available
icated to secure element (SE) implementation, released through Net Element's Unified Payments brand under
22
22
RESEARCH Secure Element Deployment & Host Card Emulation (HCE),
which analyzes the advantages, limitations and risks
associated with HCE. The report contends HCE will be
Are you being Googled? good for the near field communication ecosystem, but
Data compiled by The Strawhecker Group revealed who at this stage, remains immature, unstandardized – and
is benefiting most from Google word searches related to relative to SE-based deployments – vulnerable to mali-
the payments industry. The 21-page report titled Trend cious attack.
Graphs of Payments Industry Google Search provides a pic-
torial of the companies that scored highest when users PARTNERSHIPS
of the search engine keyed in word combinations like
mobile card processing, bitcoin, mobile wallets, card BillingTree, Ontario Systems step up healthcare
brands, merchant acquirers and other common industry
phrases. On-demand payment solution provider BillingTree
extended it relationship with Ontario Systems LLC,
Healthy ROI at mPOS an accounts receivable management technology and
Infinite Peripherals Inc. issued a white paper titled Four services provider. They have introduced an integrated
Distinct Areas of ROI of Mobile POS at Retail as a resource electronic payments solution for the Artiva Healthcare
to retailers. The paper identifies the critical areas to con- revenue cycle management system being marketed by
sider when investing in a mobile POS system, including Ontario Systems to its healthcare clients.
how it will impact operations and sales, how to calcu- EVO Snap in sync with iConnect
late per-unit cost and qualitative factors such as how to
engage customers in various scenarios. EVO Snap, a division of EVO Payments International
LLC, launched a new processing program in con-
Real-time ACH has backers junction with omni-channel POS provider iConnect
In a recent survey of financial industry profession- LLC. "We were leaving a lot of business on the table,"
als conducted by ACI Worldwide Inc., 70 percent of said Subodh Gupta, iConnect founder and President.
respondents stated they believe real-time automated "Through our partnership with EVO, we're approving
clearing house (ACH) payments will become a reality more than 95 percent of new customers and, with same-
within the next two years; 86 percent felt it would add day approval and boarding, we're getting those custom-
significant value for the business and corporate bank ers up and running faster than ever."
clients who would use the service to expedite payments. Meritus powers X-Cart
E-billing here to stay Meritus Payment Solutions entered an agreement
According to an Aite Group LLC survey, 59 percent with X-Cart to integrate its Payment XP gateway with
of U.S. consumers received both paper and electronic X-Cart's open-source e-commerce and shopping cart
billing as of the third quarter of 2013; for 41 percent platform. With the integration X-Cart's online clients
electronic billing was the only form of billing received. can now accept multinational forms of payment, man-
Americans reportedly paid more than 16.3 billion bills age fraud, and handle recurring billing through the
in 2013, of which nearly half were paid through digital gateway's secure customer vault, which also provides
channels. tokenization and advanced reporting capabilities, the
companies stated.
EMV's global foothold
Moki joins NAB at POS
According to data released by EMVCo, 2.37 billion EMV
chip-enabled payment cards and 36.9 million EMV- Moki Mobility Inc., in partnership with North American
ready payment terminals had been circulated globally Bancard, has agreed to manage NAB's mobile POS
as of the fourth quarter of 2013. And based on EMVCo's solution for in-store payment processing. Through the
latest findings, adoption rates for EMV cards in regions partnership NAB said it will deliver its PayAnywhere
where the cards had been implemented ranged from Storefront mobile payment platform via custom-built,
17.4 percent to 81.6 percent, while EMV-ready terminals in-store kiosks and Moki's Launcher program will pro-
fared better with adoption rates ranged from 71.7 to 99.9 vide monitoring and tracking.
percent. Net Element pairs with Womply on analytics
HCE needs more time to ripen Net Element Inc. and Womply partnered to make
SIMalliance, a global nonprofit industry association ded- Womply's merchant analytics platform available
icated to secure element (SE) implementation, released through Net Element's Unified Payments brand under
22
22
