UC Group Acquires Cognosec GmbH

UC Group has acquired Cognosec GmbH in a bid to extend its global information security services for the online business community. UC Group and Cognosec GmbH will jointly focus on assisting businesses to trade more securely, by providing integrated security, risk management and payment services, in response to the growing number and sophistication of cybercrimes. Cognosec GmbH will become part of UC Group’s payment business, reporting to the SecureTrading Group. The Cognosec GmbH acquisition enables UC Group to combat payment processing value chain and information security risks through the assessment and application of appropriate security for businesses in any part of the globe.

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Trustwave issues Mediterranean Smart Cards PCI DSS Certification

Mediterranean Smart Cards Company (MSCC) electronic payment processing has renewed its PCI DSS Compliance certification. This marks the third consecutive year that MSCC has been granted the PCI DSS compliance certification, confirming the company’s dedication to maintaining a secure smart cards processing network in line with international standards. The compliance certificate classified MSCC as “Level 1 Service Provider” for offering a wide range of services including; authorization, switching, payment gateway, clearing and settlement, issuance processing, processing Magnetic-Stripe transactions and providing 3D secure access control server and was issued by Trustwave.

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IKEA automates cash handling with Wincor Nixdorf

IKEA is the world’s first retail customer to use Wincor Nixdorf’s new CINEO solution to automate cash handling at its stores. Following successful piloting in France and Germany, the solution is already installed in more than 40 stores in ten countries. The new solution enables cash to be automatically verified at the end of a shift and stored in an audit-proof manner in the CINEO systems’ storage media. At the start of a shift authorized employees are assigned precisely defined quantities of notes and coins. The cash is stored in intelligent cassettes which can also be used by cash-in-transit operators to take it away. The new solution increases security and ensures significant time savings by eliminating the cost and effort involved in handling cash.

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Post Holiday Card Rates Plummet to Annual Lows

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After peaking at well over 15% following the holiday shopping season, credit card interest rates have plummeted back to averages not seen since August. Now standing at 14.96%, averages have seen a .18% drop over the past week and a half. And if history is any indication, This drop will continue…

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Ingenico Partners iMobile3, Deploys mPOS

Ingenico payment solutions and iMobile3 advanced mobile commerce forged a strategic partnership to launch the Ingenico “iMRP” Mobile Retail Platform. With this, Ingenico offers offers merchants offerings required to deliver secure multi-channel commerce solutions directly to store associates and consumers via smartphone and tablet-based mobile means. This gives merchants the flexibility to expand their existing commerce reach by including a versatile, fully integrated mobile solution designed to enhance the overall customer engagement and shopping experience. It facilitates targeted one-on-one customer interaction and adds secure in-aisle and on-site mobile sales and increases conversion rates, personalized customer experience and provides consumers EMV chip card, contactless, magstripe, and NFC mpayment options.

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TSYS Appoints Group Execs

TSYS announced the addition of Dennis Jones joins as Group Executive of Business Operations, TSYS International, along with Rick Machold as Group Executive, Assistant General Auditor, TSYS. Jones will oversee the operations teams responsible for account migration, data center and facilities, customer care and production support for TSYS’ international segment. He has held senior executive positions at NatWest and subsequently RBS, including a two-year assignment as Chief Executive Officer at RBS National Bank in the U.S. Meanwhile, Machold will be responsible for providing independent reviews and evaluations of the company’s operations, information systems, controls, major business processes and reporting functions in order to provide recommendations to management, external auditors and the audit committee. He has served as the head of enterprise risk for Invesco LTD. where he designed, implemented and managed the global enterprise risk management process.

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Wells Fargo Names Internet Solutions Head

Secil Tabli Watson has been named Wells Fargo head of Wholesale Internet Solutions. Here she will guide strategic direction for the Commercial Electronic Office (CEO) portal for instant online access to more than 80 applications. These include credit and loans, global payments, and other services. She also will be responsible for CEO Mobile service, which allows customers to monitor their accounts and perform critical tasks from anywhere using Web-enabled mobile devices.This after having served nine years as SVP, Internet Services Group, managing online and mobile payments, fraud prevention, authentication, customer experience and insights, payment and fraud operations.

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The Bancorp Bank to Issue Suze Orman MasterCard

The Bancorp Bank will be the issuing Bank for Suze Orman’s Approved Prepaid MasterCard, allowing users to effectively manage their finances. This is part of Suze Orman’s “PEOPLE FIRST” movement with her Approved Card, which carries her name and a promise of excellent benefits and value with no hidden fees. The Approved Card offers a wide array of benefits for a prepaid card, such as identity theft protection, TransUnion credit scores, reports, monitoring, transparent and competitive fees, as well as money management tools.

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EMS Set to Deploy VeriFone iPad Solution

VeriFone Systems announced Eastern Mountain Sports has successfully piloted its “GlobalBay” iPad solution in four stores. The VeriFone “GlobalBay” platform is a software-as-a-service (SaaS) and offers next-generation mobile retail software for retailer-to-consumer interaction and leverages retailers’ existing POS, e-commerce, and store systems. Preparing for 2012 deployment, Expert guides in four EMS stores have been piloting the VeriFone GlobalBay Retailing App for iPads to outfit shoppers from the full line of products that the company offers in-store and online. The “GlobalBay” Retailing App for iPad offers configurable features to meet individual retailer needs and improves the interaction between store associate and consumer while enhancing the overall in-store selling experience.

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Heartland Appoints CSO To FS-ISAC Board

John South, CSO, Heartland Payment Systems, has been elected to the Board of Directors of the Financial Services Information Sharing and Analysis Center (FS-ISAC). In his new role, South will help oversee the operation of the FS-ISAC and set direction for future information sharing and security initiatives that benefit the membership. South is currently Heartland’s liaison with security professionals in the FS-ISAC as Heartland contributes to, and collaborates with, the organization to help protect the payments and financial services ecosystem. In 2009, Heartland was instrumental in the formation of the Payments Processing Information Sharing Council (PPISC) – a group under the FS-ISAC umbrella – that fosters information sharing among industry leaders, organizations and government agencies.

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Daily Systems’ Mobile POS for iPhone Expands with NBC

Daily Systems’ iAPS payment sled for iPhone and iPod touch enables the nationwide college bookstore chain Nebraska Book Company (NBC) to sell merchandise in seasonal pop-up stores. The mobile POS solution is also used to increase check-out capacity in the regular stores during peak periods and accept credit card payments at off-site events such as book signings and stadium sales during football games. The Daily Systems’ iAPS sled fits any generation of the iPhone and iPod touch and turns these into complete mobile POS terminals with an integrated magnetic stripe reader, smart card reader, bar code scanner and receipt printer.

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Mercury Payment Systems to Demo Hosted Ecommerce, mPayments

Mercury Payment Systems will demonstrate new hosted payments technology at the National Retail Federation (NRF) annual convention and expo in New York City. The solution shifts the responsibility of handling sensitive card holder data to Mercury, helping remove both software developers and merchants from the scope of the PA-DSS and PCI DSS. The Mercury “HostedCheckout” is a customizable payment page on the merchant’s website, where card data is collected for secure payment processing by Mercury. All other functions for ecommerce and mcommerce are designed and programmed by the software developer prior to their HostedCheckout integration. Mercury’s proprietary tokenization technology handles all transactions without storing sensitive card holder data.

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