Digital Transactions Authoritative, insightful and timely information for payments professionals
• Money-transfer specialist Dwolla Inc. submitted a 164-page proposal for speedier electronic payments, dubbed FiSync, to the Federal Reserve’s Faster Payments Task Force.
• Fuel-pump manufacturer Gilbarco Veeder-Root introduced its FlexPay IV, a payment terminal developed with VeriFone Systems Inc. that Gilbarco says is the industry’s first terminal for a gas pump that accepts EMV chip card payments and is certified as compliant with the PCI PTS 4.0 security standard; the terminal also supports near-field communication (NFC) transactions.
• Consumer revolving credit leaped 14.2% in March on a seasonally adjusted annualized basis to $951.6 billion, the Federal Reserve reported.
• Ingenico ePayments, the terminal maker’s e-commerce unit, appointed cross-border payments veteran Joe Leija general manager for North America. Leija joins Ingenico from Sage Payment Services, and before that worked for Chase Paymentech and First Data.
• Identity-verification technology provider Intellicheck Mobilisa Inc. introduced its Retail ID Mobile fraud-prevention platform that two department-store chains will install this month.
• Mobile-application testing service Applause App Quality Inc. extended its contract with PassportParking Inc., developer of mobile apps for parking, transit, and other uses.
• On Track Innovations Ltd. said it will offer contactless readers and telemetry controllers through Unattended Card Payments, a vendor of self-service payments solutions. UCP will market the OTI products for the North American market.
• Mobile-payments provider Axiologix Inc. entered the carrier-billing market through a joint venture with SLA Mobile, a provider of direct operator billing services.
• Researcher IHS has made available a report on the global smart card market, based on research conducted in March and April and with an analysis of factors expected to affect growth over the next five years.
