What’s New

Beanstream Mobile Payments Serves Up Chip & PIN With a Side of Debit


EMV transaction on mobile phone

In our blog post, Time to Say so Long to Swiping?, we discussed how payments security and the EMV (Europay, MasterCard and Visa)– standard has transformed the way Canadians and Europeans are taking payments. With credit card fraud on the rise, EMV has created one interoperable system that will help secure payment transactions. With the increase in demand for EMV in Canada, and the looming October 2015 migration to EMV for the United States, Beanstream is staying ahead of the curve by offering an EMV solution for mobile in Canada.

Mobilizing Chip & PIN

Beanstream, a Digital River company, is one of the first innovators in Canada to recognize the need to process EMV transactions on the go. Launching this fall, the release of Beanstream’s mobile POS solution with EMV, opens the door for merchants to capture all sales opportunities and broaden their client base by processing debit, credit and contactless payments. But what does this really mean for merchants?

Consumer Preferred

There is an increasingly high demand for debit usage in Canada. Interac Canada found that over 4.5 million debit transactions had been processed in 2013, an increase of 23 percent since 2009, representing 56 percent of total card transactions according to the March 2012 Nilson Report.

Chip technology, EMV, provides debit and credit cards with the ability to store and process data securely. Unlike EMV’s archaic ancestor, the magnetic stripe, the strength in processing power and cryptography between the card with chip and the merchant terminal allow for security checks to be performed to ensure the card validity.

Canadians have embraced the security provided by EMV transactions shown by the quick conversion of nearly 90 percent of Interact debit cards and over 84 percent of terminals in 2011 to EMV. As of the end of 2012, all Canadian Automated Banking Machines and Interac debit cards have been converted to chip technology.

Interac Debit Transactions chart

Speed at Point of Sale

Contactless payments have taken off in Canada with many payments less than $100 now being eligible for ‘tap and go.’ Most credit and debit cards issued in Canada now support contactless payments, which greatly speeds the checkout process and is both simple to use and convenient for consumers.

Risk Reduction

With the introduction of EMV terminals, fraud responsibility is shifting. In Canada and Europe, the liability of fraud has shifted from the merchant to the card issuer when chip and pin or contactless transactions are processed. Merchants that accept chip-and-PIN or contactless cards now can more effectively manage fraud liability.

For merchants on the go, mobile payments are no longer an option, they are a necessity. Beanstream mobile POS and EMV enables merchants who want to process every type of in-person payment, on the go or in stores across Canada while reducing fraud liabilities. So, take your happy hour now, dial up Beanstream and don’t forget some debit with those chips. Learn more at Beanstream.com.

A Developer Portal with a difference


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Our Developer Portal offers more than a library of APIs. We offer developers a hub for innovation and the symbiotic exchange of ideas.

One good idea seeds another

Collaboration has always been at the heart of our payment processing success. Since its start in 2000, Beanstream’s e-commerce success has rested on developer innovation. We know our APIs work because we are our biggest consumer. Over 400 integrated partners and 8000 successful integrations have also proven our APIs are robust and flexible. Perhaps it is no surprise we’ve already seeing an exponential influx of new registrants.

And now there is even more impetus – as a part of Digital River’s global operation, we’re reaching into the UK and US, sparking the global developer community.

Aligning with the needs of a cutting-edge and dynamic developer community.

It is not enough to just push useful integrations to our valued developer community. We want to help your work get visible, provide you with cutting-edge opportunities, and reach out for your advice.

Today, we offer a developer blog, the ability to load and link your own integrations in our code garden and watch them take root. You can sign up for a user account, join our alpha-geek team, or ask a question on our developer-specific twitter-feed.

Tomorrow opens a world of possibility, spearheaded by our new Developer Liaison, Brent Owens.

“I’m looking forward to working with the developer community to shape the face of payments,” says Brent.

He would love to hear your ideas.

Highly capable APIs

“A big part of Beanstream’s success is that we’ve kept our APIs simple and flexible from the start,” says Shawn Gerty, Director of Software Architecture for Beanstream. “This gives our APIs their power.”

We make it easy for you to integrate to our APIs. On the home page, we invite developers to: Take Payments, Tokenize Payments, Analyze Payments or use our Legato Javascript.

  • Take Payments enables merchants to access to our powerful Processing REST API. Merchants choose between a straightforward payment interface requiring very few parameters or they can customize a feature-rich integration. Note, we also offer hosted payment solutions and our previous series of Classic Developer APIs.
  • Tokenize Payments enables merchants to store customer card data or confidential information on Beanstream’s servers instead of on the merchant’s system, drastically reducing the merchant’s PCI responsibilities. Our Tokenization REST API allows the merchant, when it comes time to make a payment, to pass a unique customer code or “token” to the Beanstream gateway instead of the confidential information. As an added advantage, repeat customers enjoy a much more streamlined checkout process.
  • Analyze Payments enables merchants to leverage our Reporting REST API to generate and download customized reports through simple search and sort functions. This allows omni-channel reporting where the data across all types of payment, whether mobile, e-commerce or card-not-present can be combined to provide a full analysis of business trends.
  • Our Legato Javascript enables a server-to-server integration while, at the same time, allows the merchant’s PCI scope to be reduced and the customer’s experience stay consistent with the merchant branding. When the customer submits their payment information, the sensitive credit card information passes to our PCI-compliant server via a single-use token instead of going through the merchant server.

We have also supplied new programming languages for operational examples of all core process payment actions. Languages include: Python, Ruby and PHP.

So, stop by, take a look around, check out our code, show off your code and feel free to give feedback.

DIGGING DEEPER WITH DIGITAL RIVER WORLD PAYMENTS: BUILDING THE FUTURE OF GLOBAL PAYMENTS

Featuring insight from Beanstream’s founder, Craig Thomson

Digital River Commissioned Study Explores Why More Branded Manufacturers Are Opening Direct-to-Consumer Ecommerce Channels

2014 SECOND EDITION – QUARTERLY FLOW


souheil

On behalf of my colleagues at Digital River and Beanstream, we are excited to bring you the second installment of the Quarterly Flow.

It was great to see so many of you at MRC Las Vegas where we kicked the year into gear with the launch of SPEED WINS, our marketing campaign demonstrating Digital River World payments’ ability to increase speed to revenue for customers and partners anywhere in the world.

We’ve been very busy along these lines and are pleased to announce the expansion of our SMB Payments solution to the United Kingdom and welcome UK merchants and partners to an existing community of 17,000 in Canada.

As always, we hope you find the content below useful and welcome feedback on how we continue to enhance our engagements with you. -Souheil Badran, Senior Vice President and General Manager of Digital River World Payments


Now Open in the UK: Payments Solutions for Small and Mid-sized Enterprises

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We are launching a powerful suite of payment processing opportunities within the United Kingdom. Not only can small businesses sign up to process e-commerce transactions within hours, but we offer the most efficient partner integration in the market and a host of advanced processing options.


Skiing, Allergies, and Science at MRC Vegas 2014

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The Merchant Risk Council brought together 1,100 fraud and payments professionals under one roof for the 2014 MRC E-Commerce Payments Risk Conference. Our team let attendees know why “Speed Wins” by adding a little fun with a ski simulator at the Digital River booth. Check out this blog to view the action at MRC, discover why data science is so important and learn what fraud and allergies have in common.


In The News

In case you missed it, below are a number of recent announcements, blog posts and articles from the Digital River World Payments team:

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