09/20/2010 • CardFlash® - Payment Card Industry News

RegaloCard & iPayStation Expand Remittance Distribution

5, Country, Priority, UNITED STATESBy Robert McKinley 09/20/2010

RegaloCard mobile payments has forged a distribution partnership with iPayStationn POS company, serving 4,000 retail locations in the US. RegaloCard proprietary mobile payments platform has created its ‘micro money transfer,’ allowing users to send remittance instantly and for free as little as $5, directed to specific uses. The RegaloCard service works with any mobile phone and carrier worldwide and is as easy to use as a prepaid calling card. This will place RegaloCards products in retail locations serving the US immigrant market, expanding RegaloCardâs distribution in the POS arena in the US and continuing the companyâs focus in making the RegaloCard micro money transfer service simple.

Western Union, DHL to Expand Services into Europe

5, Country, Priority, UNITED STATESBy Robert McKinley 09/20/2010

Western Union global payment services has partnered with DHL Express to expand their cooperation to introduce international business payment services to DHL customers throughout Europe. This allows Western Union to attract a new customer segment and DHL Express to offer additional value-added services to its customers. Their alliance currently offers the Western Union “Money Transfer” service in Latin America and the Caribbean, which will now be available at DHL’s 5,000 locations in Europe. These locations include DHL’s own locations and those owned by franchisees.

3Pea International Files SEC Form 10 Registration

5, Country, Priority, UNITED STATESBy Robert McKinley 09/20/2010

3Pea International payment solutions has filed a registration statement on Form 10 with the Securities and Exchange Commission (SEC) to register its common stock pursuant to Section 12(g) of the Securities Exchange Act of 1934. The Form 10 includes a description of the business of the company, management’s discussion and analysis of financial conditions and a description of the securities to be registered, as well as other legal and financial disclosures subject to amendment. Upon the effectiveness of the Form 10, the company will become a public reporting company. The Form 10 is available through the public website of the SEC at www.sec.gov. 3Pea trusted payment solutions company provides innovative comprehensive reimbursement solutions.

Smart Card Alliance Expands Conference Agenda

5, Country, Priority, UNITED STATESBy Robert McKinley 09/20/2010

Ways to improve national cybersecurity and healthcare IT practices will be added to an expanded agenda at the 9th Annual Smart Cards in Government: Identity, Security & Healthcare Conference, the Smart Card Alliance said. Government and industry leaders will provide the latest information and updates on these topics, as well as on the use of federal Personal Identity Verification (PIV) and PIV-I (Interoperable) credentials, homeland security identification, access control, and identity programs such as Federal Identity, Credential, and Access Management, National Strategy for Trusted Identities in Cyberspace, Nationwide Health Information Network, Transportation Worker Identification Credential, First Responder Authentication Credential, and biometric social security cards. With more than 800 registrants and 50 exhibitors and sponsors expected, the conference is the largest annual event for the government identity and security sector.

Dynamics Awarded at DEMO Fall 2010

5, Country, Priority, UNITED STATESBy Robert McKinley 09/20/2010

Dynamics, next-generation payment devices has received the DEMOgod and $1M Peopleâs Choice Awards at this yearâs DEMO Fall 2010. The DEMOgod title was given by DEMOâs producer and the conference team. The $1M Peopleâs Choice Award winner was selected by DEMO attendees. Dynamics Card 2.0â¢ is a paper-thin, flexible computing platform in a payment card form factor featuring a fully card-programmable magnetic stripe that can be read at any existing POS magnetic stripe reader. The device itself can change any bit of information on this programmable stripe at any given time.

Still Secure Partners for PCI DSS Compliance

5, Country, Priority, UNITED STATESBy Robert McKinley 09/20/2010

StillSecure network security solutions and service company is set to launch its “PCI Complete” Qualified Security Assessor (QSA)-certified, managed security solution that helps merchants and service providers comply with all PCI provisions. With this, the Company is partnering with ViaWest to provide the PCI Complete solution. Coalfire Systems QS Assessor (PCI auditor), IT audit and compliance firm has validated StillSecure “PCI Complete” provides a comprehensive solution for all the managed sub-requirements currently defined in the PCI Data Security Standards. StillSecure “PCI Complete” bundles firewall; intrusion detection and prevention; internal PCI vulnerability scanning; web application firewall; encryption and key management; and combines network segmentation with change control management.

Public Savings Bank Appoints New Board Member

5, Country, Priority, UNITED STATESBy Robert McKinley 09/20/2010

Jeffrey Sklar, payment solutions compliance expert, is set to join the Public Savings Bank’s Board of Directors, which specializes in ACH, Wire Transfers, and Remote Deposit Capture payment solutions. Sklar has developed Anti-Money Laundering AML compliance programs and training programs for MSB’s broker/dealers, insurance companies, casinos, and traditional banking institutions. He also serves as the Managing Director of SHC Consulting Group, is a Certified Public Accountant, Certified in Financial Forensics, a Certified Anti-Money Laundering Specialist, a Certified Fraud Specialist and is the Co-Chairman of the Association of Certified Anti-Money Laundering Specialists Annual Conference.

Fiserv Platform Recognized as Gartner Leader

5, Country, Priority, UNITED STATESBy Robert McKinley 09/20/2010

Fiserv financial services technology “Signature” bank platform has been positioned by Gartner in the Leaders Quadrant of the 2010 “Magic Quadrant for International Retail Core Banking.” The Gartner “Magic Quadrant” is an annual analysis of international core banking system vendors and their technologies, evaluating market understanding and responsiveness; industry and geographic strategy; business model; innovation; product, sales and service; overall viability; customer experience and track record. Fiserv was placed in the Leaders Quadrant based on its Completeness of Vision coupled with Ability to Execute, and was one of 18 vendors named in the analysis from 40 original candidates. Moreover, the “Signature” platform offers a complete, real-time, service-oriented architecture (SOA)-based solution. It supports sophisticated overdraft and agreed credit arrangement (ACA) processing, collections and card products.

Discover Posts Net Income Up $3MM Q/Q

5, Country, Priority, UNITED STATESBy Robert McKinley 09/20/2010

Discover Financial reported 3Q10 net income of $261 million compared to the year ago figure of $577.8 million and 258.0 million last quarter. This was thanks in part to $24 billion in card sales volume, an increase of 5% year-over-year; net charge-offs being down $102 million, compared to $81 million last quarter; over 30 day-delinquencies down $180 million from the prior quarter; and the continuously dropping net charge-off rate of 7.18%. Additionally, Discover Payment Services’ showed continued strong results with profit before tax up 36% from the prior year, and transaction volume of $39 billion, up 8% from the prior year.

U.S. CARD PRE-TAX PROFITS
1Q/09: $167.0 million
2Q/09: $387.9 million
3Q/09: $577.8 million
4Q/09: $546.5 million
1Q/10: $207.6 million
2Q/10: $258.0 million
3Q/10: $261.0 million
Source: CardData (www.carddata.com)

WU & DHL

5, Country, Priority, UNITED KINGDOMBy Robert McKinley 09/20/2010

VeriFone Exclusive Resort Payment Supplier

5, Country, Priority, UNITED STATESBy Robert McKinley 09/20/2010

VeriFone Systems payment solutions have been deployed exclusively to serve customers at the recently opened Marina Bay Sands Hotel and casino in Singapore. With over 2,500 rooms and suites, the three towers of the Marina Bay Sands Hotel is the biggest hotel in Singapore and, together with the casino resort and a conference centre, is Asia’s leading destination for business, leisure and entertainment. VeriFone EMV-approved solutions are being used throughout the resort, including the multimedia device, MX 870 for check-in and check-out at the hotel towers, to a range of systems installed to efficiently collect government-mandated entry levy required of Singapore residents.

SmartCard Marketing to Provide 100k+ Prepaid Education Cards Annually

5, Country, Priority, UNITED STATESBy Robert McKinley 09/20/2010

SmartCard Marketing Systems has signed an agreement as a principal involving three other companies, including The GoodNetwork System, creator of the L.E.A.P. Learning System, to provide a minimum of 100,000 prepaid cards per year in a 5-year project to introduce “real world” financial education modules to over 20 million school children in The GoodNetwork’s group of affiliated schools. The agreement calls for an initial order of 20,000 prepaid cards with additional orders of 25,000 cards every 90 days, for which SmartCard Marketing Systems has been named the exclusive provider of prepaid debit cards and payment platform solutions. The GoodNetwork plans to begin rolling out the program also in the United States by the end of 2010 which will be significant to all parties included.

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