Trustwave information security and compliance has been commended for its “TrustKeeper” security and compliance web portal with the the Data Security Award by the European Card Acquiring Forum (ECAF). This recognizes the acquirer, the processor, the network services provider, the payment services provider, payment scheme, or the solution provider with the best performing security system based on merchant satisfaction, fraud rates or security breaches. The “TrustKeeper” web portal supports merchants’ compliance efforts and facilitates PCI DSS compliance validation with its “PCI Wizard, ” which also allows merchants complete required vulnerability scans and receive their compliance certificate.
Aptys Solutions payments network has added ACH functionality to its “PayLOGICS” payment processing platform. Utilizing the ACH functionality in “PayLOGICS” lets banks exchange ACH items with other financial institution partners. The Aptys’ ACH functionality includes exception item management, automated scheduling, warehousing, returns, reversals and full origination. Because ACH and checks processed through PayLOGICS utilize the same architecture, financial institutions eliminate the need to create a new infrastructure to manage ACH payments. Aptys’ services-oriented architecture allows financial institutions to validate a transaction file and conduct duplicate checking on that same file.
pcipolicyportal.com documented policy and procedure templates for PCI compliance has made available Version 2.0 of its policy and procedure manual, touching on all necessary policies, procedures, templates, checklists, and forms for compliance with the PCI DSS provisions. After successfully launching its initial policy and procedure manual in October 2009, pcipolicyportal.com reached out to current clients, industry leaders and numerous I.T. professionals in creating Version 2.0, which has once again become the industry benchmark for policy and procedure templates for organizations around the globe. Over 215 pages in length, the manual addresses the 12 requirements and includes every possible policy, procedure, form, template, or checklist your company will need to comply with the PCI-DSS provisions.
TotalBank recently implemented VSoft’s “Agile Branch” Capture Solution, Remote Deposit Capture Solution (RDC), “Image Exchange” Solution and complete Electronic Day-Two Processing. TotalBank is a member of Grupo Banco Popular Español and selected VSoft’s imaging solutions to reduce operational costs and maximize efficiency. VSoft offers core and payment-processing solutions that improve service, reduce cost and maximize efficiency for financial institutions. Its solutions provide seamless, real-time, high-volume and high-performance transactions across multiple channels and can be delivered in-house, or as an outsourced ASP or SaaS model to best meet the needs of individual financial institutions.
Dollar Financial unbanked and under-banked consumer services opened a four-year $200 million global revolving credit facility. With a potential to further expand the credit facility to $250 million, borrowings under the new facility replaces the Company’s existing $75.0 million revolving credit facility in the United States and C$28.5 million facility in Canada. The new revolving credit facility may be used to initially fund a portion of the Company’s previously announced $195.0 million pending acquisition of Purpose U.K. Holdings Limited, the parent company of Month End Money (“MEM”). MEM, which operates under the brand name PaydayUK, is the leading provider of internet loans in the United Kingdom through both internet and telephony-based technologies.
Wright Express Corporation Chairman and Chief Executive Officer is set to participate in a fireside chat at the Lazard Capital Markets Annual Technology & Media Conference in Boston. A webcast of the presentation will be available live at the “Investor Relations” section of the Company’s website, http://www.wrightexpress.com. Wright Express offers value-based, business payment processing and information management solutions through its fleet, corporate, and prepaid payment solutions provide provided to more than 350,000 customers.
CEDICAM, Credit Agricole Group’s payment subsidiary, and Equens have forged a commercial partnership to develop strategy in the European card and payment processing market. Their commercial partnership represents a unique joint opportunity across the French, German, Dutch and Italian geographies which will mutually benefit each organisation’s clients. With this, they will combine volumes and developing synergies in order to reduce unit processing costs and foster growth dynamics in order to be able to offer technical and commercial expertise and broad regional coverage.
JCC Payment Systems card transaction processor has implemented inteli-scape’s “inteliWare” solution, powered by FMT’s Application Mediation platform, to protect its e-commerce payment gateway from fraud and provide merchant risk management capabilities. In conjunction with its recent growth, JCC deployed “inteliWare” given its ability to pro-actively assess risks and take inline, real-time interventions and decisions based upon the vast analytical data which the business had acquired over the years. It allows JCC to acquire and attract new e-commerce merchants, together with the ability to offer new, innovative products and services from a single platform.
UniBank & Trust will now implement “Universal Banking” from Fiserv on the “Signature” bank platform, giving users access via the Internet, reducing costs while delivering the business benefits of a traditional, on-site solution. The selected platform features “Data Warehouse,” “Treasury and Financial Crime Risk Management” solutions, “Aperio” customer channel management and “Teller” multi-currency, full-function, branch tellering and transaction processing solution. Using “Aperio” to provide a single view of the end customer to bank agents, allows UniBank to provide speedy, accurate responses to customer inquiries.
Giesecke & Devrient (G&D) and Vodafone are showcasing pilot projects for future mobile security applications at CeBIT 2011. The SIM card will be the key to applications in which it serves as the security element for authentication and encryption, such as gaining mobile wireless access to company networks. This adds more simplicity and convenience to the use of mobile authentication and encryption solutions. One application that the two companies are presenting in Vodafone’s Pavilion 32 at this year’s CeBIT involves SIM card-based authentication for access to a company network. The key is securely stored behind the SIM card’s cryptoprocessor and is used to establish a secure connection via a VPN.
SelectCore prepaid payment and transaction processor has inked partnership agreements with Resultz Media Group, which will provide investor relations services and encourage investment in the Company. SelectCore is also in the process of selecting a US based investor relations firm and plans to make an announcement in this regards in the immediate future. SelectCore not only focuses on transaction processing, but POS solutions for the prepaid telecom market and financial services as well with its prepaid mobile top-up to stored-value cards, with which it targets nearly 80 million underserved and credit-challenged consumers. RMG advises smallcap companies such as this operating in the public marketplace.
BMO Bank of Montrea launched its BMO “SmartSteps for Parents” online, interactive hub to help parents educate children on money management. Indicating only 54% of parents have talked with their children about household finances and 37% are not certain their children have a firm grasp on the basics of money management, BMO “SmartSteps” for Parents offers saving and spending lessons. Additional findings show 72% let their kids oversee their own money while 69% learned money management skills from their parents. The “SmartSteps” tools address key money issues for separate age groups ranging from ages 5 to 15; blogs allow parents to ask questions and voice concerns; and BMO experts provide real life tips and advice that can easily be applied at home.