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Table of Contents

Lead Story

Turbulence expected for 1099-K reporting, be prepared

News

Industry Update

Washington takes a second look at Durbin

Big card brands, big banks hit with more antitrust suits

CEOs advise wait and see at ETA forum

Update feeds need for more PTS guidance

Features

Legislative update, November 2011

Five key lessons e-commerce merchants can learn from the 2010 holiday season

Michael Duffy
Chase Paymentech Solutions LLC

Research Rundown

Give, inspire and flourish

Selling Prepaid

Prepaid in brief

Union Privilege makes savings a plus

Holiday gift cards get personal

Views

ISOs and the new frontier of payments

Brandes Elitch
CrossCheck Inc.

Education

Street SmartsSM:
Agent training - more than taking a test

Bill Pirtle
C3ET Credit Card Consortia for Education & Training Inc.

When big money meets small ISOs

Adam Atlas
Attorney at Law

Country-specific alternative payments

Caroline Hometh
RocketPay LLC

Visa to eliminate PCI DSS requirements with EMV - not

Linda Grimm
Linda Grimm Consulting

How does a credit card salesperson learn to sell POS?

Jerry Cibley
United Bank Card Inc.

PR and press release basics

Peggy Bekavac Olson
Strategic Marketing

Managing infrastructure in a virtual world

Tim Cranny
Panoptic Security Inc.

Caution: Assumptions ahead

Jeff Fortney
Clearent LLC

Company Profile

POS Portal Inc.

New Products

TIN matching simplified

TIN Matching Service
SecurityMetrics Inc.

Authenticate and process with one touch

OneTouch Mobile Payment
Admeris Payment Systems Inc.

Inspiration

Choose to be grateful

Departments

Forum

Resource Guide

Datebook

Skyscraper Ad

The Green Sheet Online Edition

November 14, 2011  •  Issue 11:11:01

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New Products

Authenticate and process with one touch

Product: OneTouch Mobile Payment

Mobile application downloads are projected to reach 50 billion in 2012, according to Chetan Sharma Consulting. Harnessing mobile payments into a platform that not only delivers high-level security but also offers ease of operation is no small feat. A Toronto-based company is convinced it has the answer and is willing to bet its patent-pending technology on it.

Canadian payment processor Admeris Payment Systems Inc. launched OneTouch Mobile Payment, a mobile payment technology that authenticates users and devices.

After initiating the first transaction, it can process all subsequent card payments with a single click, the company noted. The platform supports all primary smart phone models and older feature phones as well as mobile web or native applications. It also allows merchants to process both e-commerce and mobile commerce payments.

The tech savvy company was founded in 2007 by computer engineer Simon Law, Admeris President and Chief Technology Officer, with the support of an experienced team of managers and advisors in technology, mathematics, payments and business development.

When Admeris released OneTouch, its stated goal was to enhance the payment experience by improving the speed and security of authentication and by simplifying the payment process to eliminate consumer cart abandonment at checkout.

The turnkey platform reportedly resolves both issues using patented and patent-pending encryption and transaction verification processes.

To initialize OneTouch, an embedded mobile browser is launched during the user's first transaction. Once credit card information is entered, the data is linked with the mobile device to permit future payments that require customers to enter only a CVV or PIN to initiate transactions. No account setup, login and management are required by the consumer or the merchant, said Alexander Bosika, a consultant in Admeris' Corporate Communications department.

Mobile signature capture is also available with the technology and OneTouch reports sales details to merchants for accounting and inventory tracking.

According to Admeris, the system applies advanced fraud scoring and authentication based on dual-layer technology that encrypts nonpersonal smart phone identification with customer credit card information.

OneTouch's payment sessions are Payment Card Industry Data Security Standard compliant, and end-to-end encryption occurs within the application programming interface, the company said. Additionally, Admeris offers a multilayer ISO and agent split settlement tool with the program.

Admeris Payment Systems Inc.
866-854-9851
www.admeris.com

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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Spotlight Innovators:

North American Bancard | Harbortouch | USAePay | IRISCRM.COM | Humboldt Merchant Services