Breach Fears Bolster Ukash Business 85% Y/Y

Ukash e-money network found games players and consumers are looking for alternatives to credit card payments, as Ukash has seen its business increase 85% year on year as more people look to play or pay online without having to submit personal financial details to websites. Consumers can exchange their cash for a Ukash payment vouchers of equal value, readily available at over 50,000 outlets in the UK and Ireland and over 420,000 outlets in more than 50 countries worldwide. Since its launch in 2005 Ukash has become a globally-recognised payment method that enables online transactions using cash, providing freedom from credit and debit card fraud, repudiations and charge-backs, and protecting personal identity. Ukash allows participating online games merchants to accept cash at their websites without risk of repudiations and chargebacks – which also means that new cash-focused markets are opened up. Consumers benefit from their financial identity being protected and a secure, convenient and easy to use payment method.

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Only 21% Know What Factors Contribute to Credit Scores

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Reportedly, only 21% of Americans 18+ know the factors that contribute to their credit scores. Research is also indicating 11% of consumers spend more than 10 hours a day worrying about debt. This, according to a fourth quarter survey by FreeScore.com, also shows the average consumer spends four hours a day…

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MoneyGram and Mozido Expand Mobile Partnership

MoneyGram International expanded its relationship with Mozido to include its remittance transfer services for approved Mozido mobile wallet applications. The new MoneyGram services are in addition to Mozido’s current gateway services’ arrangement with MoneyGram. Mozido has been a mobile gateway provider for MoneyGram since December 2009, when MoneyGram announced its relationship with SMART in the Philippines to enable cross-border remittances to SMART’s more than 40 million mobile subscribers.

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InspirePay Launches Universal Payments Platform

InspirePay launched its universal payment platform. consolidating online commercial transaction options into a single, streamlined, secure and customizable payments hub. Aggregating all Internet commerce choices – from credit cards to proprietary systems like PayPal, Google Checkout, Dwolla and AmazonPayments – InspirePay provides businesses and consumers with an easy-to-use, flexible and secure protocol to make and receive payments without the complexity of expensive, disconnected, closed systems that dominate the payments industry today.

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LogRhythm Expands Log Management/PCI-DSS Compliance

LogRhythm log management and SIEM 2.0 provider announced Brookstone specialty retailer deployed its “SIEM 2.0” platform to help secure customer data and to meet PCI-DSS compliance requirements. LogRhythm protects Brookstone’s 300 nationwide stores and 100 seasonal shopping locations, maintaining customer payment card information in a secure environment. LogRhythm proactively monitors client information systems and correlates events in real time. The SIEM 2.0 solution generates alerts that provide immediate notification of conditions that are impacting the integrity of an organization’s cardholder data.

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Installment Loans for Bad Credit Borrowing Up 40%

ReallyBadCreditOffers.com online bad credit services comparison site is reporting a 40% end of 2011 demand increase from borrowers looking for access to emergency bad credit loan money at the best possible rates heading into 2012. People that cannot qualify for loans from a bank or other conventional lender are turning to these offers, in greater numbers, as a source of cash during these tough economic times. Credit card rates for people with bad credit are expected to remain stable for the first six months of 2012, so debt consolidation loans offer an opportunity to eliminate credit card debts. To date, only about 30% of people who apply for a mainstream loan have their loan applications accepted. This percentage is sure to drop as 2012 moves into its fall and winter months.

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LogLogic Alerts Retailers to of PCI DSS Importance

LogLogic scalable log and security intelligence platform (LSIP) for the enterprise and cloud alerted retailers to the significance of all 12 requirements of the PCI DSS standard, version 2.0, in protecting the credit card data of their online shoppers. Although data logging is either mentioned or implied in the 12 requirements, requirement 10 requires retailers to log all activity on their network in order to protect customer credit card information. The Body Shop, Plantronics, LAVEGO AG, The Lowry, and Republic Airways are among a growing list of companies using LogLogic log management solutions to provide customers with fast, reliable logging and archiving solutions for improved compliance, operational efficiency, forensics, and security.

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Posera-HDX Acquires Payment Switch Company

Posera – HDX Limited announced that it has completed the acquisition of the payment switch company, Cash ‘N Go, for $450,000. Renamed HDX Payment Processing, the purchase price was satisfied by the issuance of 1,000,000 Posera-HDX common shares at $0.45 cents. Cash N Go, established in 1998, owns and operates a Postillion payment switch developed by S1 Corporation. The Company has historically processed approximately 8 million ATM transactions annually and Posera-HDX plans to upgrade the payment switch to facilitate the processing of Point-of-Sale transactions for its merchant client base.

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Merkle Offers TechnoServe Donation Processing

The customer relationship marketing (CRM) firm, Merkle, and its Response Management Group (RMG) subsidiary has been selected by TechnoServe ( www.technoserve.org ) to manage the nonprofit organization’s direct mail donation processing. Merkle RMG was awarded the three-year contract after an extensive RFP evaluation, in which TechnoServe closely examined numerous processing vendors. Merkle RMG provides caging services (opening mail, depositing checks and processing credit cards), as well as data capture and fulfillment of personalized acknowledgments for more than 20,000 gifts received by the organization annually.

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Globus Implements Contactless POS Payments

Globus Supermarkets now plans to equip all of its stores with contactless POS terminals after successful NFC payments trial. This was in conjunction with Telefónica O2, Komerční Banka, Citibank and Visa Europe. Two hundred clients of both Citibank and Telefónica as well as two hundred common clients of Komerční Banka and Telefónica took part in the trial. Citibank has seen more than 2,500 payment transactions conducted with a value of more than EUR1million and a total of 4,500 NFC transactions were carried out by Komerční Banka customers during the trial.

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Mint and Government Bank Sign a MOU

Mint Technology has signed a Memorandum of Understanding (“MOU”) with the Principal Bank for Development and Agricultural Credit (“PBDAC”), an Egyptian government owned bank to build and operate a payments infrastructure network to replace the current cash based system of subsidy, loan and payment distributions. The project includes a prepaid/debit card program to manage the bank’s agricultural loan program to be distributed exclusively by and through the PBDAC distribution network in Egypt of 1200 Branches and able to be used at retail point of sale merchant locations and ATMs. Mint’s contract with PBDAC will also include the deployment and management of new ATM and POS equipment and network to support the card program throughout the country.

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