Digital Transactions Authoritative, insightful and timely information for payments professionals
• Payment gateway Shift4 Corp., which claims to have introduced in 2005 the first payment-data tokenization solution, announced it has surpassed the 7-billion mark in tokenized transactions.
• The NFC Forum announced it has made available a newly adopted and four candidate technical specifications for near-field communication. The adopted specification is concerned with interoperability between NFC devices and existing radio-frequency infrastructure and cards. The group, which manages NFC standards for payments and other applications, says the importance of the new specification stems from the growth of the Internet of Things, which is expected to include almost 40 billion connected devices by 2020.
• InstaMed, a health-care payments network, said it has become the only processor in the health-care market so far to achieve validation by the Payment Card Industry Security Standards Council for compliance with the Council’s point-to-point encryption standard version 2.0.
• MintChip, the digital cash replacement developed by the Royal Canadian Mint and later acquired by tech startup nanoPay Corp., has processed nearly 10,000 transactions since its June 21 launch in the trendy Toronto neighborhood of Liberty Village, The Toronto Star reported.
• Silicon Valley Bank and MasterCard Inc. announced the participants in the Commerce.Innovated startup business accelerator.
• Transaction Network Services Inc. appointed George Zirkel senior vice president and head of global payments strategy and John Tait managing director of the TNS Payments Division for the Asia Pacific region. Zirkel comes to TNS from mobile-payments company TabbedOut; Tait from financial-services provider Indue.
• Processor Fiserv Inc. named Devin McGranahan president of its billing and payments group, succeeding Rahul Gupta. McGranahan recently was a senior partner at McKinsey and Co.
