Valitor Acquiring Service PCI DSS Compliant

Valitor cross-border acquiring services and international merchant and card solutions, recently received validation of compliance against the PCI DSS. This is in addition to its already-earned ISO 27001 certification for all of its operations and services to retailers, banks, savings banks and card holders. The two security standards form a sound foundation on which to build the company’s security affairs for the future. The company’s information security policies are based on laws and regulations on personal privacy, the EU’s directives on personal privacy and relevant security standards ISO 27001 and PCI DSS.

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Ingenico Inks Contactless Terminal Partnership

Coles retailer has selected Ingenico to renew its fleet of Payment terminals. Subsequently, 24,000 lanes of the Coles group will soon be equipped with the Ingenico’s “iPP350,” which includes integrated contactless capability. The “iPP350” is a compact ergonomic payment terminal with a colour-screen for high visual impact, specifically designed for the retail market. It integrates an embedded contactless reader, simplified maintenance, universal connectivity and complies with all statutory and regulatory requirements delivering fast and secure transactions.

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Raiffeisen Bank Extends First Data Contactless JV

First Data Corporation electronic commerce and payment processing expanded its cooperation with Raiffeisen Bank Poland. This will provide card payment processing services to support the bank with its implementation of a new contactless card programme. Raiffeisen Bank’s current customer offering will be expanded to include contactless payments functionality with the introduction of Visa payWave payment cards which are embedded with an antenna and microchip. Cardholders simply place the card near a special terminal equipped with a contactless card reader to initiate the transaction, which is executed in a split second.

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WestJet Deploys Visa Debit Payment Technology

Visa Canada and WestJet announced card holders can now use Visa Debit to purchase airline tickets online and through the airline’s Sales Super Center. Visa Debit allows one-step online electronic debiting of funds without requiring customers to sign in to their bank account, and is backed by Visa’s multiple layers of security, which helps to reduce the risk of fraud through Visa’s Zero Liability Policy, Verified by Visa®, E-Promise, AVS (Address Verification Service) and CVV2 (the three-digit code).

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Chase Partners Southwest Airlines, Enhances Rewards

Chase Card Services added Southwest Airlines as its newest Ultimate Rewards point transfer partner, targeting those who want the flexibility to transfer points for travel to 72 cities in 37 states on more than 3,400 flights a day, coast-to-coast. Southwest offers travelers a wide variety of benefits, from flexible fares to no fees for first or second checked bag (weight and size limitations apply) to in-flight WiFi access. Chase “Sapphire Preferred”, “Ink Plus” and “Ink Bold” cardmembers will now be able to transfer Ultimate Rewards points to Rapid Rewards accounts at full value – meaning one Ultimate Rewards point is equal to one Rapid Rewards Point.

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VeriFone Tests iPad Payment Sleeve

VeriFone Systems is working on an add-on to Apple Inc.’s iPad tablet that slips on to the device and transforms it into a payment terminal that can scan barcodes. The San Jose company is building on its current PayWare Mobile smartphone payment sleeve, and plans to debut the technology this month. The device works in concert with VeriFone’s GlobalBay mobile retail software, which aids employees on the salesroom floor. Eplan says what differentiates the VeriFone iPad payment system from other rival products is its ability to plug directly into the retailer’s point of sale system, which manages inventory and tracks customers.

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HyperWallet Files Software Patent

HyperWallet Systems global payment solutions filed a new provisional patent for its software program. This permits a person to receive funds electronically without having to be a member of the system responsible for transferring the funds, or being a member of the same system as the person sending the funds. The provisional patent filing expands the company’s intellectual property portfolio and highlights hyperWALLET’s commitment to product development, service innovation and growth. hyperWALLET’s latest software product can help financial services companies and multi-nationals send money globally in a low-cost, low hassle manner, and in accordance with anti-money laundering and anti-terrorist financing best practices.

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Clearent Appoints Sales Team Head

Clearent credit card processor appointed Brad Staudt VP, Direct Sales. With this, he will further accelerate the growth of Clearent’s sales team, which serves mid-sized businesses in select markets across the nation. During his more than 15 years of experience in the credit card processing business, Brad has built highly successful teams of sales representatives, independent agents and ISOs. Brad has served in sales leadership roles for TransFirst, Global Payments, Heartland Payment Systems and First Data Corporation.

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mBanking Remittance Projected to hit $55B in 2016

According to a report from Juniper Research released recently, growth will come from mobile remittances sent across established migration corridors – such as the US-Mexico and intra-regional transfers across Africa and the Middle East – as migrant workers send money home from foreign countries. Nearly $55 billion in international remittances will be enabled via mobile devices by 2016. For 2011, it is estimated to be under $12 billion. Substantial inter/intra-regional activity from and within Western Europe will see that region account for the largest remittance volumes by the end of the forecast period.

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Innovative Computer Professionals Joins the IFX Forum

The Interactive Financial eXchange Forum announced that Innovative Computer Professionals has become a member, at the Small Business level. ICP representatives will be active in the Forum’s ATM/POS Working Group. The IFX Forum is an international non-profit industry association whose mission is to develop and promote the adoption of its open, interoperable standard for financial data exchange, IFX, which is available at no charge at http://bms.ifxforum.org/. ICP provides consulting services and solutions to the ATM/POS industry, with specialization in gaming, card encoding/embossing, ATM/POS host systems, and PCI DSS compliance.

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