Discover Announces Financial Community Briefing

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Discover Financial Services plans to host a financial community briefing in New York City on Thursday, March 22, from 8:30 a.m. to 11:30 a.m. Eastern time. David Nelms, chairman and chief executive officer, and other members of Discover’s senior management team will update the financial community on the company’s performance and…

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Alert Logic Completes Acquisition of Armorlogic

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Alert Logic, the leader in delivering Security-as-a-Service for the cloud, announced the completion of the acquisition of Armorlogic (www.armorlogic.com), a leading developer of Web application security solutions. Alert Logic will combine the leading blocking capabilities of Armorlogic Profense WAF with its own proven Security-as-a-Service model to simultaneously increase the effectiveness and…

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MasterCard and Telefonica Put a Name to JV

MasterCard and Telefónica launched its “Wanda” mobile financial solution. This will provide mobile payment solutions to the over 87 million Movistar customers in the 12 markets where it will operate. These mobile payment services will be linked to a mobile wallet or prepaid account that will allow for money transfers, mobile airtime reload, bill payment and retail purchases, among other services. The mobile wallet and prepaid accounts will be available anytime, anywhere in the world.

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MasterCard to collaborate with Unicom on mpayments

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Unicom Payment and MasterCard have signed a Memorandum of Understanding (MOU) for the establishment of a mutually beneficial relationship to explore future business collaboration. The MOU aims to forge a platform for potential cooperation in emerging mobile payments including in the areas of mobile Virtual Card Network, MasterCard inControl, MasterCard PayPass…

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Western Union launches GEO payments

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Western Union Business Solutions announced the launch of its new GEO for Education service with the University of Edinburgh, a leading Scottish university, to provide an international payments platform specifically for overseas students. Western Union Business Solutions is a business unit of the Western Union Company, a leader in global payment…

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Ingenico posts strong full year net profit

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Ingenico announced its fourth-quarter revenue and its audited financial statements for the year ended December 31, 2011. 2011 Revenue of over €1 billion, objective achieved ahead of plan Strong growth in profitability Growing contribution of Transactions and Services in total revenue An expanded offer in the healthcare vertical market and mobile…

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Alternet Deploys end-to-end mobile payments

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Alternet Systems announced the creation of a new initiative to provide an end to end solution within the mobile payment ecosystem, which will provide a fast and efficient go to market suite of services including card management, payment processing and advanced mobile financial services that connect a mobile wallet to traditional…

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Inside Secure Delivers Mobile NFC

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] INSIDE Secure and Sunward Telecom announced they will be demonstrating a new NFC upgrade solution that fits entirely within a standard-size SIM card and achieves industry-standard, 4-cm proximity transaction performance when inserted in a non-NFC mobile phone. Simulating a MasterCard® PayPass™ payment transaction, the demonstration shows how non-NFC mobile phones can…

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Société Générale Implements Oberthur NFC

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Oberthur Technologies, the world’s second largest provider of security and identification solutions and services based on smart card technologies, announced the signing of a contract with Société Générale for the roll out of NFC services in France this year. “At Société Générale we constantly strive to bring to the market reliable…

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Chargeoffs Back on The Skids As Consumers Wise-Up

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Delinquencies and chargeoffs remained low in January, falling from the December figure 31 basis points of 5.64% to 5.33% to the lowest point in nearly four years. This statistic is well below the 6% mark, where it has for the last four months, and when compared to the performance 18 months…

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MasterCard Launches m-Money Partnership Program

MasterCard kicked off its “MasterCard Mobile Money Partnership Program” global initiative to help more than 2.5 billion financially-underserved consumers worldwide gain access to formal financial services through their mobile phones. In partnership with Comviva, Sybase 365 and Utiba, this will let consumers purchase goods and services via their mobile phones at millions of brick and mortar and online merchants worldwide, as well as transfer funds and pay bills. This is designed to target the 70% of the global population with a cell phone, only half of which have a bank account. The “MasterCard Mobile Money Partnership Program” offers prepaid companion cards that account holders can use at merchants that accept MasterCard cards; virtual card accounts that can be used for eCommerce payments with a user’s mobile money account; and person-to-person payments between subscribers of two different mobile money services.

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MoneyPass Makes Available ATM Network Affiliation

MoneyPass network of surcharge-free ATMs added “PIN POS” capabilities to its list of offering for financial institution clients. Already offering access to a broader network of 22,000 nationwide surcharge-free ATMs, MoneyPass now provides cards that have a “PIN POS” network affiliation. Financial institutions that use Elan Financial Services for their debit processing, can now choose to participate in MoneyPass “PIN POS” service, MoneyPass surcharge-free ATM service or both. MoneyPass “PIN POS” offers financial institutions a low cost, low-commitment stream of revenue.

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