AZ-based Hypercom Corporation announced that the Cielo payment network has selected, purchased and is deploying 30,000 Hypercom “Optimum T4205” countertop terminals to merchants throughout the Country. Expected to be completed by the end of this month, this represents a significant expansion of Hypercom’s high security product portfolio in Brazil. The Cielo electronic payment network is among the 5 largest in the world while Hypercom delivers a full suite of high security, end-to-end electronic payment products, software solutions and services in more than 100 countries.
AZ-based Hypercom Corporation announced that the Cielo payment network has selected, purchased and is deploying 30,000 Hypercom “Optimum T4205” countertop terminals to merchants throughout Brazil. Expected to be completed by the end of this month, this represents a significant expansion of Hypercomâs high security product portfolio in Brazil. The Cielo electronic payment network is among the 5 largest in the world while Hypercom delivers a full suite of high security, end-to-end electronic payment products, software solutions and services in more than 100 countries.
Unicredit Bank financial services is installing NCR Corporation’s “Solidcore Suite for APTRA.” A multivendor ATM software security solution with real-time centralized management that prohibits the introduction of unauthorized code on ATMs and protects them from insider attacks, the software is being installed across the entire Unicredit multivendor ATM network. NCR Solidcore for APTRA proactively allows only authorized code to run, rather than reacting to known attacks as they arise. Specifically, Solidcore for APTRA automatically creates and updates the inventory of good code and protects the system’s memory so that authorized code cannot be modified, deleted or hijacked — the process in which malicious code replaces authorized code with itself.
OnTrak Software Web-based software ‘at-retail’ marketing materials has deployed its “SignTrak” mobile solution that increases sales through the ordering, tracking and management of printed POS signs for Merrimack Valley Distributing Company. With “SignTrak,” Merrimack will reduce costs and improve efficiency for its entire sign ordering, sign management and sign shop operations. Merrimack Valley Distributing will have access to improved sign shop management; Control and visibility into the entire POS signage process; elimination of errors and reworks; amd reduced time-to-market ahead of competition.
On Track Innovations contactless microprocessor-based smart card solutions for payments, petroleum payments and other applications will be presenting at the Rodman & Renshaw Annual Global Investment Conference’s Technology Track in New York. A presentation regarding OTI’s market positioning, financial performance and strategic direction, the president of the Company will lead discussion. Applications developed by OTI include product solutions for “SmartID” for national ID cards, e-passports, driver’s license, and voter ID; Payments supporting MasterCard and Visa contactless payment programs and “EasyPark” in-vehicle parking meter solution.
ProPay End-to-End Payment Security, credit card processing, and electronic payment services now ranks among the 2010 Inc. 5000 List of Fast-Growth companies for the second year in a row. ProPay enables businesses of all sizes to securely accept credit and debit cards through PCI DSS compliant merchant solutions. These solutions simplify payment processing for businesses resulting in lowered operating costs, increased efficiencies and reduced PCI DSS obligations. The Company protects sensitive payment data end-to-end by leveraging encryption and tokenization with its “ProtectPay” service.
Moneris payment processing solutions is set to deploy INETCO “Insight” for proactive management from INETCO business transaction management. A lightweight, agentless business transaction management solution that allows Moneris to view the complete path of every transaction across multiple critical business applications and merchant-, processor-, bank issuer- and acquirer- environments, the “Insight” solution will be deployed within the production, test and back-up environments of all Moneris data centers located across Canada. INETCO Insight captures and displays application, network and transaction performance metrics that make it easy to isolate issues and quickly determine which IT team or third party service provider needs to do a deeper dive into the root cause.
ArcSight cybersecurity and compliance has partnered with Vigilant business-aware managed security monitoring services to strengthen Heartland Payment Systems IT security monitoring initiatives. With this, Heartland selected the ArcSight “Enterprise Threat and Risk Management” (ETRM) solution for enterprise visibility into potential threats and risks across its IT infrastructure and engaged Vigilant as its services partner to implement real-time threat detection capabilities. The solution will build customized use cases and role-based reporting focused on enterprise-wide user activity monitoring and malware detection. This further confirms the Heartland commitment to changing how data is protected and enhanced its systems to better flag anomalies in real time and establishing best practices that extend beyond existing industry requirements to protect payment card data.
The U.S. Treasury Departmentâs announcement of a 2011 pilot program to test the delivery of tax refunds via debit card accounts represents a critical milestone by the Obama Administration to ensure millions of underbanked consumers have access to well-designed transaction products. The pilot program, which was deeply informed by the Center for Financial Services Innovationâs SAFE-T Accounts proposal. The CFSI disclosed the Federal government could potentially save tens of millions of dollars a year through issuing refunds electronically in lieu of much more costly paper checks. The tax time accounts will also introduce more underbanked consumers to the potential and utility of such financial products and broaden the overall market for these and a variety of other financial services and products.
BancVue has successfully negotiated the purchase of the Silverton credit card portfolio from the FDIC. Comprised of credit card accounts representing nearly 700 agent bank relationships, the portfolio will be managed under the name “BancVue Card Assets.” BancVue will also be offering a full service card program for those community financial institutions that want to run their own credit card program as a direct issuer. More details on that program will be provided at a later date. BancVue provides financial products, marketing, and consulting solutions to community financial institutions nationwide.
FIS banking and payments technology has completed 11 new agreements year-to-date for its “BancPac” core processing solution, the latest of which with Town & Country Bank and Trust. A community bank located in Bardstown, KY, Town & Country Bank and Trust Company has deployed the FIS’ “BancPac” core processing solution in conjunction with its ATM/Debit card processing, bill payment, eBanking, imaging, TellerElite and others. “BancPac” can be fully integrated with a suite of modules designed to expedite new account origination, as well as create and maintain a successful sales culture throughout the bank, resulting in greatly improved communications, streamlined administrative functions and a complete snapshot of the sales and service pipeline.
Net1 UEPS Technologies’ “Virtual Credit Card” has made available its “VCpay” mobile prepaid virtual payment card application. Designed for CNP transactions with US wireless carriers, the “Virtual Credit Card” will be issued through Bancorp Bank. The “VCpay” solution will be made available to prepaid customers as an application that will be pre-loaded on new smart-phones or can be downloaded on select existing devices. With “VCpay,” subscriber can generate a unique, one-time use prepaid virtual card number to securely purchase goods and services or perform bill payments in any CNP environment and does not require the user to have a physical card or a bank account. Virtual accounts can be loaded with cash at MoneyGram U.S. agent locations. Net1 provides its universal electronic payment system as an alternative payment system for the unbanked and under-banked populations of developing economies.