Nearly 70% of eCommerce merchants need to “protect the brand” as the primary driver for tightening controls against hackers and other payment security risks. Only 26% said avoiding fines resulting from non-compliance with PCI DSS was their driving force. This, according to a survey conducted by CyberSource, a Visa company and Trustwave, also demonstrated over the next 24 months, an increasing proportion of organizations expect to remove payment data from their environment as a way of reducing security risks. Additional findings show organizations that do not capture, transmit, or store data inside their own network tend to employ fewer personnel, validate PCI DSS compliance more quickly, and operate at a lower overall cost of payment security management; 75% of PCI DSS Level 1 merchants that have removed payment data from their environments spend less than $500,000 on their payment security infrastructure and 60% of those that keep data in-house can make that claim.
Xpress Money global instant money transfer announced tie-ups with Vietnam International Bank (VIB) and DongA Commercial Joint Stock Bank. VIB has earned the title of ‘The Bank with Most Satisfying Retailing Services’ and this new agreement with Xpress Money offers overseas workers the advantage of sending money to their dependants to 130 locations in Vietnam. The beneficiaries can collect the money in US Dollars. DongA Commercial Joint Stock Bank has won the accolade of ‘Vietnam Excellent Brand Award 2010’ presented by Vietnam Economy Times. The agreement brings about the special feature of home delivery of remittances in addition to the already existing counter pick up of instant money transfer services in Vietnam. The beneficiaries also have a choice to collect the remittance in US Dollars, Vietnamese Dong or Euro currency from any of the more than 200 locations of the bank. DongA’s service network covers 61 cities & provinces of Vietnam.
Scottish and Southern Energy energy retailer teamed with Telrock mobile payments to launch technology to revolutionize the way millions of customers manage their energy and telecoms accounts. This allows customers to confirm their energy bill is accurate and make payments directly via their mobile phone as a simple alternative to call-centres, post or internet. To make payments, they simply respond to the payment request directly in the app making payment as quick and simple as the touch of a button. The option is also available for 2-way text messaging as the secure payment mechanism.
Discover announced that the WJ Onahan School won its $25,000 School Giveaway contest for having received the most votes out of more than 2,900 schools nominated. This after Discover gave its Facebook fans the opportunity to nominate their favorite public school (K-12) for a chance to win $25,000. Each fan could cast one vote each day throughout the contest period. The Onahan School received the most votes, winning $25,000 to use on books, supplies, technology and other much-needed items. Discover’s School Giveaway contest is an extension of its year-long “Everyday Giveaway” sweepstakes program.
Small businesses who already use Direct Deposit to pay employees are prime candidates for Direct Payment. Indicating Direct Deposit is a safer, more convenient way to receive a federal benefit payment than by paper check. Revealing strong preferences towards ACH payments and showing the potential for Direct Payment adoption, more than 44% of small business Direct Deposit users currently employ and plan to continue using other ACH services from their financial institution. Additionally, 37% of Direct Deposit users already pay at least a quarter of bills online and made 48 online or preauthorized bill payments in 30 days, two-thirds more than non-users. This, according to NACHA, concluded small business preferred Direct Deposit, many of whom were predisposed to current online bill payment activity, the use of deposit and cash management services, the number of bills paid, use of online banking services, and online banking activity.
The Royal Bank of Scotland Group launched its Sepa Direct Debits via “Bankline,” RBS’s online banking service for UK clients. With this, organisations no longer require multiple bank accounts or a range of complex payment instruments to make cross border collections across Europe. Harlands Services Limited are a leading Bacs processing company and have for sometime been seeking expansion opportunities across Europe. Until SEPA, trading in any country other than the UK meant that they would need to adopt the legacy SEPA Direct Debits processing system in each country, which was operationally inefficient and limited business expansion plans. Moving to SEPA has improved Esendex’s cash collection process in Europe and means they can now offer a SEPA Direct Debit solution throughout the region without the need to apply for local bank facilities.
South Indian Bank unveiled its 500th ATM. The bank has plans to open 100 ATM Centers during the current fiscal and also 61 CBS branches to take the total to 700. With the up-gradation of technology , SIB has been offering a host of hi-tech products which enables the customers bank from anywhere. For this the Bank has launched various value-added products and services like Global Debit-cum-ATM card, Internet Banking, Mobile Banking etc. South Indian Bank’s Global ATM-Cum-Debit Cards are now acceptable in the International Network Systems of VISA and Master Card. SIB customers can access 1.7 million ATM outlets of VISA around the world, shop at various Visa authorized merchant outlets and avail all the benefits of Visa Debit-Cards. South Indian Bank’s Global ATM-Cum-Debit Cards can be also used in 8,30,000 ATMs & 7 million POS terminals.
Anoteros announced an agreement with Infoserve of the Philippines to establish systems services and branding for ATMs, electronic funds transfers, point-of-sale systems and debit cards primarily in the provinces, which largely do not enjoy the electronic banking/e-commerce services available in urban areas. Work will be performed through the Anoteros wholly-owned subsidiary, Antero Payment Solutions, Inc. Duties include system hosting, system upgrades, personnel training, 24/7/365 service maintenance and systems backup nightly. Infoserve may contract for additional services of ATM Assure for check/debit verification, Antero Check Verification for bad check historical experience and ID Assure for personal identification.
Travelport is set to exhibit at Arabian Travel Market 2011, where it will showcase its latest travel technology offering to travel agencies, airlines and corporations in the Middle East. Taking place from 2-5 May at the Dubai International Convention and Exhibition Centre, Travelport will demonstrate the diverse functionality of its Galileo and Worldspan global distribution systems (GDS), highlighting innovative solutions and rich content that can help its travel partners in the region achieve success. Travelport will be conducting daily workshops for the travel trade on its land & sea offering, including online portal Travelport Leisure, whilst airlines will be able to learn more about Travelport’s Sponsored Flights advertising programme and other Partner Marketing opportunities during dedicated sessions. Travelport is a broad-based business services company and provider of critical transaction processing solutions to companies operating in the global travel industry.
Arabian Travel Market’s Consumer Day, held on Thursday 5 May 2011 at the Dubai International Exhibition and Convention Centre, provides leisure travelers with unrivalled opportunities to experience, learn, win and most of all have fun. A number of competitions and prize draws will be running throughout ATM Consumer Day, in fact all pre-registered visitors will go into a draw for a fabulous new Apple iPad. In addition all-inclusive travel and luxury accommodation packages in Dubai and Oman are also up for grabs at the event. Visitors can win a weekend break for two, inclusive of breakfast and dinner at the luxury Sofitel Jumeirah Beach Hotel, Dubai. Pre-registered guests can also win a luxury weekend for two in Muscat, Oman, staying in a five-star hotel with return flights included.
VoiceCash prepaid card has made available its “VoiceCash Prepaid MasterCard” Prepaid Card, giving customers a variety of advantages which are available through the internet. This lets cardholders travel without cash, allows online shopper who wants to track purchases and expenses sans credit card, or allowing them to take advantage of the cashback program. Besides easy and secure payment, full cost control and a convenient online management, the VoiceCash Prepaid MasterCard offers much more: users can take advantage of the revolutionary cashback program. By paying at more than 1,500 cash back shops with their VoiceCash card, users accumulate cashback points with every purchase. The cashback is loaded directly on the card account – thereby the card users are shopping twice as smart.