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IndustryUpdate
customers," said Marco Ceccarelli, CIE Senior Vice RESEARCH
President and Chief Technology Officer.
Payza issues gateway best practices CAN taps pulse of payments
Online payment gateway provider Payza released guide- During the Transact 14: Powered by ETA conference
lines for e-commerce merchants to follow when search- held in April, CAN Capital Inc. conducted an on-site
ing for a gateway operator. A blog post titled Picking survey of payment professionals and found that 42
the Right Payment Gateway for Your Business stated the percent believe new payments technology is the trend
four main elements for merchants to consider are conve- to watch this year; 22 percent also felt technology posed
nience, value, security and support. the biggest threat to their business. Product integration
and increased partnership activity were also identified
Samsung joins FIDO Alliance as trends. Pricing pressure, at 29 percent, was considered
the number one threat.
Samsung Electronics Ltd. joined the FIDO (Fast IDentity
Online) Alliance, an industry consortium working on No pushing in the aisle
online authentication standards. Samsung and PayPal
Inc., a founding member of FIDO, deployed the FIDO In a survey of 3,000 mobile app users by location-based
Ready technology, which involves fingerprint-based shopping platform data aggregator Retale, 71 percent of
authentication and is incorporated into Samsung's respondents said they prefer not to be tracked in-store
recently released Galaxy S5 smartphone. via their smartphones, 29 percent were fine with being
monitored, and 56 percent would say no to push notifi-
ShopKeep POS scores $25 million cations while shopping, if offered. Retale said to reverse
this trend, retailers will need to educate customers about
Mobile POS provider ShopKeep POS raised $25 million the technology's positive aspects, including real-time
in additional funding from Canaan Partners, Tribeca discount offers and loyalty rewards.
Venture Partners, TTV Capital and Contour Venture
Partners. The company said it will use the funding "to CNP fraud fighters
help more brick-and-mortar small businesses ditch their
cash registers." In the final report of a four-part series on fraud titled,
What Card Issuers Need to Know About Card-Not-Present
Spindle rolls with Yowza!! platform Fraud: The rise of digital transaction fraud and how new tech-
nologies may help, The Members Group explores various
Mobile commerce provider Spindle Inc. made available methods for CNP-transaction authorization. Key areas
its Yowza!! POS. The new solution, a component of the covered include enrollment in online 3-D Secure proto-
Yowza!! Merchant suite of payment acceptance and ser- col programs and how each can mitigate CNP fraud to
vice tools, is a cloud-based POS and retail management reverse the tide on CNP fraud, which totaled $5.3 billion
platform. Yowza!! POS can serve as a central manage- in losses reported in 2013.
ment console for small, midsize, and larger merchants; it
operates in both Android and iOS mobile environments, "[T]he use of payment tokens, or tokenization as it's
Spindle said. commonly called, offers the greatest potential to slow
the growth of CNP fraud in the U.S.," the authors wrote.
Square to open office in the Big Apple "That's because the process replaces all of that coveted
San Francisco-based Square Inc. said it will open a New card account data with a single, secure token."
York office in summer 2014. The office will be located in Prepaid in front seat
the SoHo neighborhood and will allow Square to expand
its New York team to more than 350 employees. Square An Aite Group LLC Impact Note, Prepaid Mania: A
has other offices in Atlanta; Kitchener-Waterloo, Ontario, Merchant Affair, details merchant perceptions about pre-
Canada; and Tokyo and reportedly employs over 800 paid marketing strategies and the trends that are most
worldwide. appealing. Asked which types of prepaid cards mer-
chants currently offer or plan to offer in the future, 89
2Checkout to gain $60 million percent reported having third-party closed-loop prepaid
Columbus, Ohio-based payment firm 2Checkout report- cards, followed by prepaid debit and company branded
ed closing on a $60 million investment round, led by closed-loop cards.
Chicago Growth Partners and Trident Capital. "We Navigating transportation ticketing
welcome this strategic investment to enable us to scale
quickly and dominate more international markets," said A GlobalPlatform Inc. recently released a white paper
2Checkout CEO Shawn Budde. titled On-Chip Services: Seamlessly Performing Payment
Transactions within the Existing Transportation Ticketing
Infrastructure. It outlines how stakeholders within trans-
22
22
customers," said Marco Ceccarelli, CIE Senior Vice RESEARCH
President and Chief Technology Officer.
Payza issues gateway best practices CAN taps pulse of payments
Online payment gateway provider Payza released guide- During the Transact 14: Powered by ETA conference
lines for e-commerce merchants to follow when search- held in April, CAN Capital Inc. conducted an on-site
ing for a gateway operator. A blog post titled Picking survey of payment professionals and found that 42
the Right Payment Gateway for Your Business stated the percent believe new payments technology is the trend
four main elements for merchants to consider are conve- to watch this year; 22 percent also felt technology posed
nience, value, security and support. the biggest threat to their business. Product integration
and increased partnership activity were also identified
Samsung joins FIDO Alliance as trends. Pricing pressure, at 29 percent, was considered
the number one threat.
Samsung Electronics Ltd. joined the FIDO (Fast IDentity
Online) Alliance, an industry consortium working on No pushing in the aisle
online authentication standards. Samsung and PayPal
Inc., a founding member of FIDO, deployed the FIDO In a survey of 3,000 mobile app users by location-based
Ready technology, which involves fingerprint-based shopping platform data aggregator Retale, 71 percent of
authentication and is incorporated into Samsung's respondents said they prefer not to be tracked in-store
recently released Galaxy S5 smartphone. via their smartphones, 29 percent were fine with being
monitored, and 56 percent would say no to push notifi-
ShopKeep POS scores $25 million cations while shopping, if offered. Retale said to reverse
this trend, retailers will need to educate customers about
Mobile POS provider ShopKeep POS raised $25 million the technology's positive aspects, including real-time
in additional funding from Canaan Partners, Tribeca discount offers and loyalty rewards.
Venture Partners, TTV Capital and Contour Venture
Partners. The company said it will use the funding "to CNP fraud fighters
help more brick-and-mortar small businesses ditch their
cash registers." In the final report of a four-part series on fraud titled,
What Card Issuers Need to Know About Card-Not-Present
Spindle rolls with Yowza!! platform Fraud: The rise of digital transaction fraud and how new tech-
nologies may help, The Members Group explores various
Mobile commerce provider Spindle Inc. made available methods for CNP-transaction authorization. Key areas
its Yowza!! POS. The new solution, a component of the covered include enrollment in online 3-D Secure proto-
Yowza!! Merchant suite of payment acceptance and ser- col programs and how each can mitigate CNP fraud to
vice tools, is a cloud-based POS and retail management reverse the tide on CNP fraud, which totaled $5.3 billion
platform. Yowza!! POS can serve as a central manage- in losses reported in 2013.
ment console for small, midsize, and larger merchants; it
operates in both Android and iOS mobile environments, "[T]he use of payment tokens, or tokenization as it's
Spindle said. commonly called, offers the greatest potential to slow
the growth of CNP fraud in the U.S.," the authors wrote.
Square to open office in the Big Apple "That's because the process replaces all of that coveted
San Francisco-based Square Inc. said it will open a New card account data with a single, secure token."
York office in summer 2014. The office will be located in Prepaid in front seat
the SoHo neighborhood and will allow Square to expand
its New York team to more than 350 employees. Square An Aite Group LLC Impact Note, Prepaid Mania: A
has other offices in Atlanta; Kitchener-Waterloo, Ontario, Merchant Affair, details merchant perceptions about pre-
Canada; and Tokyo and reportedly employs over 800 paid marketing strategies and the trends that are most
worldwide. appealing. Asked which types of prepaid cards mer-
chants currently offer or plan to offer in the future, 89
2Checkout to gain $60 million percent reported having third-party closed-loop prepaid
Columbus, Ohio-based payment firm 2Checkout report- cards, followed by prepaid debit and company branded
ed closing on a $60 million investment round, led by closed-loop cards.
Chicago Growth Partners and Trident Capital. "We Navigating transportation ticketing
welcome this strategic investment to enable us to scale
quickly and dominate more international markets," said A GlobalPlatform Inc. recently released a white paper
2Checkout CEO Shawn Budde. titled On-Chip Services: Seamlessly Performing Payment
Transactions within the Existing Transportation Ticketing
Infrastructure. It outlines how stakeholders within trans-
22
22
