First Data Allows Multi-Channel Transaction Growth

First Data Corporation electronic commerce and payment processing launched its product suite with enhanced payment acceptance offerings for merchants looking to expand their payment strategy with flexible, secure and cost-effective solutions. This includes “Smart Routing,” which lets merchants pay the lowest cost option based on the networks available for each PIN debit transaction. The First Data “Global Gateway e4” comprehensive Internet Payment gateway offering advanced functionality including multi-currency and global payment processing support, Level III support for business-to-business procurement cards, flexible recurring billing services, an intuitive merchant virtual terminal with multi-location administration and reporting, integrated fraud tools and added layer of security with the TransArmor tokenization solution.

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Quarri Helps Move With Us Achieve PCI Compliance

Quarri Technologies security software company announced Move With Us real estate agency network selected its “On Q” (POQ) to achieve compliance with the PCI DSS. Move With Us requires customer credit card information, which is entered and processed through a web-based application. Quarri POQ helps organizations achieve and maintain PCI compliance by addressing a variety of PCI DSS issues that have been historically difficult to solve, such as data encryption, malware effectiveness and application security.

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Airbus and BBVA Implement Swift Digi ID

SWIFT financial messaging announced that Airbus and BBVA have gone live with its 3SKey digital identity solution. 3SKey simplified signing mechanism for corporates and financial institutions secures the exchange of information in banking applications, enabling corporate treasurers to manage their various banking relationships using a single, multi-network personal digital identity. This reduces the complexity of managing the ever-increasing number of tokens and passwords needed to administer multiple accounts with multiple financial institutions. With this first implementation with Airbus, BBVA becomes the first bank to go live with 3SKey. With this, more than 20,000 3SKey tokens have been distributed and there are 25 banking groups live, with many more in the pipeline.

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AmEx 4Q/11 Prosperous Thanks to Record Cardmember Spending

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express Company posted 4Q/11 net income of $1.2 billion, up 12% from $1.1 billion in the year-ago period. Meanwhile, consolidated total revenues net of interest expense were $7.7 billion, up 7% from $7.2 billion in the year-ago period thanks to continued strong growth in cardmember spending and higher travel commissions…

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Citi Increases Small Biz Lending $.9B in 2011

Citi passed its $7 billion lending commitment to U.S. small business by over $900 million in 2011, more than 30% higher than the $6 billion total in 2010. This is up from the $4.5 billion total in 2009. Specifically, Citi pledged $24 billion in lending over the course of three years – $7 billion in 2011, $8 billion in 2012 and $9 billion in 2013. Citi is dedicated to providing access to capital for those organizations supporting qualified, mission-based Community Development Financial Institutions, Community Development Corporations, micro-lenders and other non-profits that then on-lend to small business owners, via Citibank Community Capital and the Communities at Work program.

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Wireless Standard Expands Platform

B2B Soft, a business-to-business software company specializing in retail management for the wireless/cellular retail industry, is pleased to announce that four Cricket authorized dealers are now using the Wireless Standard retail management platform to power their combined 35 retail locations across the United States. Wireless Standard, the industry’s premier Point-of-Sale platform is now deployed in over 4,500 wireless storefronts worldwide. Wireless Standard provides an integrated solution that brings consistency of process to every facet of wireless retail.

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USA Technologies Appoints Two New Directors

USA Technologies wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retailing industries appointed Steve G. Illes and Frank A. Petito, III to the Board of Directors to fill existing vacancies on the Board. This appointment increases the Company’s Board of Directors to eight members, and the Company anticipates filling the remaining vacancy on its Board in the near future. Frank A. Petito, III is President of Orbitz for Business, and has served as Senior VP, Corporate Development. He started out as an investment banker at Morgan Stanley and was VP, mergers and acquisitions at Hambrecht & Quist, a technology-focused investment bank in San Francisco. Steve G. Illes is an entrepreneur and investor and currently co-founder of InTherapeutics, an early pioneering balloon catheter company, and also has financed start-up and new technology companies.

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Agilysys & Modiv Media Partner, Facilitate mCommerce Adoption

Agilysys and Modiv Media mobile shopper marketing partnered to deliver in-store mobile shopping solutions to grocers nationwide, allowing grocers to integrate mobile technologies, personalized offers, coupon targeting, mobile self-checkout, mobile payment and rapid integration with IBM POS systems. Modiv Media enables Agilysys to bring an industry-proven solution to its large base of retailers. Modiv Media’s retailer-branded mobile shopping solution”including a multi-channel media delivery service that drives personalized offers to shoppers”enhances Agilysys’ ability to develop and deploy in-store mobile shopping solutions on consumer-owned devices, including iOS and Android smartphones.

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mopay Forecasts Mobile Payment Growth

mopay innovative payment solutions for online merchants announced direct carrier billing will be a catalyst for innovation and change within the mobile payments industry in 2012. More and more organizations across vertical industries will introduce direct carrier billing solutions in 2012, primarily driven by increased globalization and consumer concern for online security given the explosive growth of identity theft and the rash of recent data breaches. Innovations such as HTML5 will also open up new opportunities for direct carrier billing as retailers and providers adopt this new technology. According to the Yankee Group, mobile payments will account for more than $1 trillion of the global economy by the year 2015.

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Vision Payment Solutions Recognized in ePayment Pub

ISO, Vision Payment Solutions & AGENT addressed trends in the payment-processing industry should consider carefully: the gradual transition of many companies’ payment-processing solutions from traditional, POS terminals for processing their customers’ and clients’ payments, to fully integrated mobile merchant solutions – including everything from smart-phones with credit card-swiping abilities, to tablets like the iPad, processing payments of all varieties with speedy, efficient applications.

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FTSI & NCR Announce Professional Services Division

FTSI self-service technology solutions is debuting six new professional services for credit unions and community banks. These new services complement FTSI’s core competencies: ATM product sales, maintenance services and cash management. The new services offer financial institutions to drive savings and are based on FTSI’s industry expertise and fostering relationships with key partners. FTSI has partnered with mSHIFT, as well as other industry leaders, to offer quick to deploy mobile banking solutions that will help make community bank and credit union brands shine in a competitive market. MSHIFT mobile banking solutions are custom built and tailored to meet the specific needs of each financial institution. FTSI’s solution features a quick configuration and no hardware or IT resources are required–enabling financial institutions to go to market in 90 days or less.

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Citi Team USA Flag Tour Celebrates U.S. Olympic & Paralympics

The Citi Team USA Flag Tour made its fourth stop in Jacksonville. At the event, the athletes spoke to a crowd of more than 350 people and highlighted the importance of the network of support they received from family, friends and the community as part of their own personal Olympic and Paralympic journeys. The event was capped off by a ceremony to raise the Citi Team USA flag on the Citi Jacksonville campus which will remain up through the London 2012 Olympic and Paralympic Games. Previous tour stops have included Citi sites in Sioux Falls, SD, Irving, TX, and Tucson, AZ.

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