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Posts Tagged ‘E-commerce-payment platform’

[] MasterCard (MasterCard) introduced MasterPass mobile payment solution

March 17th, 2013 No comments

MasterCard (MasterCard) stepping in to mobile payment has been for a long time now, in 2013, the Mobile World Congress (MWC 2013), the Group announced its latest mobile payment platform extension–MasterPass. MasterPass is an extension of MasterCard PayPass program, users can be equipped with NFC-enabled devices or online (virtual wallet) payment. MasterPass extends these services, supported by QR codes (QR Code) or labels (tags) to pay, and has largely eliminated the old system’s hardware limitations.

The system can be used to accept payment of any device, regardless of an iOS phone, Android tablet or other device. In addition, the platform will allow businesses regardless of body place where, are able to accept customer payments, customers are buying goods from many different locations.

MasterPass program also increased the company claimed that the “value added services” can be provided to customers such as account balance (account balances), the loyalty program (loyalty programs) and discounted access and access.

The program’s “virtual wallet” component, allows users to MasterCard the cloud, storage card and other payment information, address information, such as content, support cooperation shops “one-click purchasing”. “Wallet” supports all major credit cards and debit cards, so it is not restricted to MasterCard credit cards.

Mobile payments have not been popular in the consumer groups have a variety of reasons, but MasterCard MasterPass responded to the two biggest obstacles: hardware requirements, and allow consumers to see the benefits of mobile payments.

The company said MasterPass has long been supported by a group of financial institutions and businesses, which will include the big United States airlines. But we will have to see on the mobile payment efforts can ultimately be consumer acceptance.

[Compiled from: TheVerge]

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Amazon Japan support public transportation card payment

March 13th, 2013 No comments

On February 19, JR East Japan with Amazon Japan signed a cooperation agreement that Amazon Japan will support Tokyo Metropolitan common bus card Suica as well as bound to mobile payments mobile phone.

JR East Japan provided Japan Honshu island’s the Intercity train service, bus card system for Suica 38.88 million tickets were issued in March 2012, 36.57 million support mobile payments. Suica has 2.82 million people with cell phones bound, 178,000 per month 74.64 million bus stop and shop card transactions.

Suica can be set by entering the card number and password at any one payment on a computer, or you can bind mobile wallet, mobile payments and NFC features.

Suica is one of the world’s most widely used transportation card system, another widely used transport are Hong Kong’s Octopus card system. Beijing e-card, bus cards, and Guangzhou Yang Cheng Tong is also a portion of the local businesses of credit card payment, but only for non-networked transactions.

From: Asiajin

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Ali adjustments to pay Bao Peng Lei into 4 groups uniform is responsible for

March 8th, 2013 No comments

After the Alibaba group split into 25 Division, this cycle of the structure adjustment in PayPal: PayPal today published within messages, announced its split into 4 business group, Peng Lei are no longer in Alipay CEO positions, but is responsible for the above 4 business group made up of the entire financial operations. Specific adjustments to the framework, “Alipay” become shared platforms business group, financial services group, domestic business, international business division in four parts, served as Ali group CPO (Chief human resources officer) and Alipay CEO Peng Lei, is no longer held CEO positions, but continued to serve as group CPO (Chief People Officer) at the same time fully in charge of the business.

In fact, in January of this year Alibaba group adjusted its organizational structure and management system of follow-up, when Ali Group 7 of the original group, broken down into 25 Division, and then to some common macro-group, to 9 Executive Committee members are responsible for the management of the group.

Chairman and CEO Jack Ma of Alibaba’s Board of Directors in January to adjust messages, “said Alipay, Ali after the financial as well as other businesses of the group will be adjusted separately”.

Revised in January with a very important characteristic, is the original “Taobao”, which was the C2C business division alone no longer exists, and becomes a foundation layer. This concept has continued in this adjustment, “Alipay” has not yet exist as a separate division, same as “base layer”, Peng Lei will no longer serve as CEO of reasons for this.

According to Sina technology understanding Alipay original business split in three parts to share platforms, domestic as well as international business, plus the original Ali financial services make up the latest “financial sector”.

Original PayPal line, cross-border business planning involved in the International Division, technology, customer service, cash settlement, security, financial, and business planning in sharing platforms. Businesses, B2C, wireless, air travel and rural areas are classified as domestic business Department.

MA in the adjustment of the Ali group has talked of splitting objective: want to give more opportunities for creative development of young leader, Ali, in the hope that they, through their efforts of small business the business eco-system to become more transparent.

Analysts believe that Alipay structure adjustment, means that the group will finance the Internet with Ali.

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United States pilot fingerprint payment privacy security is still vulnerable

March 8th, 2013 No comments

Futurists have predicted bank notes and credit cards will go away, fingerprint and retina scanners will complete a number of authentication problem, but intelligent degree high inorganic let all the thieves and hackers can take. Hollywood chop fingers steal fingerprint to the fingerprint recognition in doubt. Fingerprint payment system, a new technology has been in the United States South Carolina trial, fingerprint recognition technology more secure work.

On February 15, the 22 years old student of Jacques his index finger at the coffee shop to buy a cup of Italy and soda. Wright, Deputy Director of the Centre for economic development supports the use of fingerprint payment system.

Based on bio-cryptographic technology

The pilot sites have no choice in Silicon Valley or MIT, the Centre, but in the far west of a little-known University of South Dakota. In this named Institute of mining and technology campuses, paid two stores started the world’s first fingerprint test. This technology is based on a bio-cryptography technology, which integrates biometrics (physical sexuality identification) and Cryptography (study on the protection of personal information).

This fingerprint payment system by the United States Nexus the company production, users must first have a personal bank account, you need to collect personal information, bank information, and index finger fingerprint. Nexus after companies will introduce their products and ideas to the students, 50 students have first hand, this technology was one of the first ones to people.

19 years of feilipu·kelaimen is a mechanical engineering student, he said, “I really want to become part of the new technologies, to see if I can help improve the technology. ”

22 students between the ages of bulaien·huaiersi says, can have access to the Beta technology is exciting, the technology will soon be extended to all parts of the world. “We are confident that there will be hesitation, because, after all, is used for the first time in the world,” Wiles said, “so we are pioneers. ”

Voluntary registration “quick fingers”

The use of this technology for shopping queues shorter. 22nd, at the school shop, mechanical engineering bonade·jile and handed the cashier a can of Red Bull, and then enter your date of birth on the cover, “brush fingers”, after a few seconds, the machine identified his fingerprints, based upon fingerprint pulse sign below, allowing him to complete the deal. Subsequently, Keeler is proud to show his receipt on Smartphones, receipts show this bought what, and how much it costs.

If the resources of the user account is not charged per transaction, the system automatically alerts. Technology developer also plans to allow users to opt for voluntary registration of “quick fingers”, such as the middle finger, once the index finger injury emergencies, you can also complete normal transactions. At the same time by using “quick fingers”, that this unusual situation will automatically notify the police to prevent finger fingerprint criminal.

Advantages

Will no longer have to worry about losing your wallet

Institute of mining and technology economic development Deputy Director Joseph Wright of Derby, about half of personal information theft are achieved through physical entities such as stolen wallets, credit cards. “This technology will let you put aside credit card, give up the purse, you can bag all disclosure of personal privacy of everything at home, just going out on their own with, the use of biometric recognition technologies can easily shop or conduct other transactions,” Wright said.

Highlights

Pulse recognition security

Fingerprint identification technologies themselves are not new things, fingerprints are also risks of fraudulent use, many in Hollywood spy wars large WINS a key figure under your fingers, with its bloody fingerprint to open the safe.

Even fingerprint payment concept is not new, but how do convenience and safety is a big challenge. Highlights of this technology is that, in addition to identifying the system fingerprint check for pulse finger, which were paid more by fingerprint security, also associates it with the existing commonly used to distinguish criminal history check of fingerprint scanning.

Doubt

Privacy is still vulnerable

Despite the introduction of pulse recognition technology, but the technology remains there is a disclosure of personal information and other privacy issues. United States Civil Liberties Union senior policy analyst JIEYI·sitanli said that fingerprint technology’s own personal privacy risks, but he said “the pulse test” is certainly in the right direction. “Security measures have loopholes, will be threatened, but the problem is how to minimize the degree of threat,” he said.

JIEYI·sitanli says, to get the fingerprint recognition technology from national control of your personal privacy, first to take the voluntary principles, ensures that information is scanned after I agreed.

Why choose South Dakota

This fingerprint payment system technology patent owner a·Masi said South Dakota remote does not belong to United States technology centers, seems to be least likely to become a pilot, but for him, this is the best choice. “If this technology can be in a relatively conservative Midwest is accepted, you can promote it in any place,” Maas said.

MAS, I grew up in the State, want home people to trial the technology “mice”, he persuaded company executives of mining science and technology school of 2,400 students should serve as the first user. Joseph Wright of Derby, Deputy Director of the Centre for economic development of the school, most of middle school students in this school are mechanical engineering, science and technology, which means that they have a natural tendency of technology. And “South Dakota people are adventurous, very willing to try new things,” Wright said.

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Visa Ready: mobile payments for merchants and developers who are certified

March 8th, 2013 No comments

Obtain Visa Ready certification, such as handset manufacturers, developers, operators will be provided access to the world’s largest credit card issuers Visa support, API, SDK and other aspects of intellectual property rights. In view of the current Visa payment systems in different countries differ, new certification mark guarantees that as long as the posted this logo on devices and software can be unified in the future support of new features for mobile payments, even if developer or carrier is not currently supported.

Unified API and SDK guides developers through the payment gateway CyberSource and Authorize.Net to complete payment, will also provide phone jack reader, EMV chip and Contactless credit card payments, and other technology-driven programs.

Before the introduction in this new certification standards, Visa has invested in mobile payment company Square a few years ago.

Source: TC

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Alipay: online red envelopes from the average size of 480 Yuan

March 7th, 2013 No comments

Spring Festival every year, envelopes became more “Western style”. Yesterday, reporters learned from the PayPal, 7 days of the Spring Festival this year, online red envelopes became popular by PayPal transfer over 1.64 million times last year grew by 77% during the Spring Festival, the average size of up to 480 Yuan. 2013 Spring Festival by Alipay’s red envelopes with an average amount of about 480 dollars. Among the elders to the younger, husband wife using more “transfer to a PayPal account” red envelopes with an average amount of about 320; and younger elders to use more “transfers to the bank card” red envelope is much more lucrative, with an average amount of about 1200 dollars.

PayPal transfers Zhu Xiaolei, head of the Department told reporters that the Spring Festival because a lot of people in different places, via PayPal, even if people do not meet “greeting” can express. PayPal note language, by crawling the user at the time of transfer will be able to tell what is in red envelopes, such as “red envelopes to the wife,” “red envelopes from the parents,” “1500 for three children new year’s money, is left to the parents,” “new year red envelope my parents 2000 Yuan” and so on.

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[PIC] bit dollars (Bitcoin) launched ATM virtual currency to below the line

March 7th, 2013 No comments

Thanks King post
New Hampshire entrepreneur has created a Canadian dollar bits virtual currency currency used (Bitcoin) ATM, they hope to sell to bars, restaurants, convenience stores, perhaps let Bitcoin mysterious virtual currency to line one of the most meaningful and most daring attempt.

Zhake·hawei (right) and the mate·huiteluoke (left) created this bit currency ATM

33 zhake·hawei (Zach Harvey), an ambitious guy, is also a bit a money fan, and his business partner mate·huiteluoke (Matt Whitlock) jointly invented a bit money ATM, hope this fun machine to keep Aboriginal people especially the Internet more convenient Exchange, using a bit of coin.

This bit currency ATM prototype machines, and contrary to traditional ATM functions, it is not cash out through a bank account, but customers and according to rate it as a bit of cash currency, and automatically deposited into the customer’s bit coin account.

Zhake·hawei and mate·huiteluoke are the same in New Hampshire Lamassu Bitcoin company consultants and partners, commercialization of the ATM they want bit currency as soon as possible, sales to the United States of tens of thousands of bars and restaurants or convenience stores, especially those businesses who wish to receive virtual currency. “Bit ATM currency price of approximately $1,000 to us $ 1500,” Harvey said.

Through this paragraph ATM to Exchange bit currency, needs download iPhone application “Blockchain” (Andriod platform Xia for “BitcoinSpinner”), to generated customer bit currency account II dimension code, to links customer of bit currency account and bit currency ATM; then customer will up does not over 100 dollars of cash delivery to bit currency ATM, bit currency ATM automatically completed exchange rate calculation and will corresponding number of bit currency meeting into customer account. Of course, by the Exchange services, customers an 1% transaction fee.

Compile: China financial equipment network (atmbox.com)

Bit coin:

December 1, 2008, one to an anonymous black man named Satoshi Nakamoto · server sends a letter research reports, describes his design and call it “Bitcoin” (bit dollars) electronic money. Bit money on such low birth. To this day, no one know who Satoshi Nakamoto, a online registration information, he said he lived in Japan, but his e-mail address from Germany on a free server. Google search on his name, there is little information. It is clear that Nakamoto is a pseudonym.

Since bit currency came out 4 years to, it has been suffered disputed: Bitcoin (bit currency) is a human design of electronic money, with Q currency, common virtual currency different of is, it does not needs reality social in the Central Bank or third party body issued, also does not needs through specific network for liquidation, bit currency of issued, and circulation and management right equal to belonging to participation which of each personal. As long as you have a computer that can access the Internet, and then by running a free and open source software can be involved. Its steady growth, there is no agency to junk money, there is no inflation worries. With the increasing difficulty gets, bit a money value has soared.

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PayPal on Monday broke out technical failure some users duplicate payments

February 23rd, 2013 No comments

On January 29, according to foreign media reports, the online payment giant PayPal United States Sunday in late Monday morning to a technical failure, many users reflect the slow payment process, PayPal confirmation that some users duplicate payments. On Monday, many user reports, could not be successfully completed PayPal payments, too slow page response, due to insufficient feedback, cause some users to duplicate payments.

Specialized monitoring Downrightnow records online, PayPal during the Monday morning there were too many failures to stop the service. This situation is also substantiated by the retail Web site.
PayPal micro-blog to confirm the fault, and apologized. In addition, PayPal will contact businesses, refunds to any duplicate payment from the user.

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Paypal attacker from jail–because he is only 16 years old

February 23rd, 2013 No comments

One a few days ago called Birchall the United Kingdom being attacked by hackers was accused of PayPal,Birchall has also freely admit that in court then attacks between August 1, 2010 famous payment site PayPal. But Birchall said, this was an act of revenge against financial institutions.

Birchall is the youngest age of hacker groups, but Birchall allegedly prestigious hacker group.

Judge Birchall crime was established, but because in a crime when only 16 years old, sentenced him to eight months for 60 hours community service.

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[PIC] PayPal transfer free of charge to the card limit raised to 5,000 yuan to 2-hour accounts

February 20th, 2013 No comments

Is transferred on the eve of the Spring Festival peak period, especially across line off-site transfers. Recently, a number of banks and third party payment companies have different degrees of relief transfer fees. If using a PayPal transfer to bank card services, first free daily limit has been raised to 5,000 yuan. It is understood that the consumers before February 8, 2013 using a PayPal transfer to bank card services, first free daily limit has been removed from the original 1000 Yuan have been raised to 5,000 yuan.

It is understood that the consumers before February 8, 2013 using a PayPal transfer to bank card services, first free daily limit has been removed from the original 1000 Yuan had been raised to 5,000 yuan.

Compared with the General online bank transfers, PayPal transfers to the card services does not require the user to enter beneficiary bank information, consumers just follow the prompts to select the receipts account bank card account number and bank name, enter an offset account name, pays the valuable account in which the funds can be transferred to the other bank cards, quickly and easily. In addition to General accounts, consumers can also choose 2 hours quick arrival mode.

If consumers use this transfer occurs when services fail or delay to the account, Alipay payment 3-5 automatically refunded within two working days from the date of service fees charged to the user’s PayPal account.

But due to user error accounts receivable account information transferred as a result of failure is not covered. PayPal also alerts the user, during operation, be sure to carefully check the recipient information. Alipay account number entered by the user at the same time designed a “large font display box”, easy to check account.

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