Discover Honored for IT Innovation

Discover has been recognized as America’s most innovative users of business technology on the 2011 InformationWeek 500 list for the sixth consecutive year. This recognizes Discover for exhibiting a pattern of technological innovation including the rollout of its Rapid Development Data Sourcing methodology. InformationWeek identifies and honors the nation’s most innovative users of information technology with its annual 500 listing and also tracks the technology, strategies, investments and administrative practices of America’s best-known companies.

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iPayment to Present at the Bank of America Conference

iPayment will be presenting at the Bank of America Merrill Lynch Leveraged Finance Conference at 9:30 a.m. EST on December 2. Discussions will be led by Chairman and Chief Executive Officer of iPayment and the Company’s Chief Financial Officer, offering an overview of the Company, its business and growth strategies and recent financial results. iPayment provides credit and debit card payment processing services to small merchants across the United States, allowing merchants to accept credit cards from VISA, MasterCard, American Express, Discover and Diners Club, as well as other forms of payment, including debit cards, checks, gift cards and loyalty programs.

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GlobalPlatform Appoints New Board Members

GlobalPlatform, the organization which standardizes the management of applications on secure chip technology, has announced its Board of Directors for fiscal year 2011-12, following annual elections for five of the eleven Board seats. Marc Kekicheff, Senior Business Leader of Chip Innovation within the Technology Office at Visa Inc. retains his position as Chairman of the organization for the second year. Uwe Wittig, Group Vice-President within the Payment Division of the Cards and Services Business Unit at Giesecke & Devrient also continues as Vice-Chair. For the fifth consecutive year Yves Moulart, Director of Development and Innovation within STMicroelectronics’ Secure MCUs Division, Secure Software Solutions will serve as GlobalPlatform’s Secretary / Treasurer.

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ACOM Solutions Launches Payment Automation & ePayment

ACOM Solutions has launched its “EZPaySuite” scalable and feature-packed Payment Automation Solutions. The addition of EZPaySuite to ACOM’s solution line-up expands their market reach to now include enterprise customers of every size. EZPaySuite sets a new standard of success for ACOM in the Document Management and Process Automation marketplace by building upon the company’s strategic focus in developing affordable, intuitive easy-to-use solutions for managing their documents and information. EZPaySuite extends this strategic focus by giving users the ability to manage and automate secure payment processing, multi-level distribution and settlement activities from multiple systems and technology platforms with one unified solution.

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ControlScan Enhances Merchant PCI Compliance Reporting

ControlScan PCI compliance and security solutions designed for small merchants and the ISOs and acquirers that serve them, has enhanced the company’s compliance tracking and reporting tool PCI Dashboard with SmartSync, an interface that feeds detailed merchant PCI compliance information into acquirers’ business systems. ControlScan’s PCI Dashboard enables ISOs and acquirers to easily access the compliance status of their entire merchant portfolios in real-time as well as to pinpoint detailed merchant-level activity, such as the frequency and content of merchant support interactions with ControlScan support agents. The SmartSync solution lets acquirers incorporate PCI compliance information directly into their merchant management systems; customize specific PCI compliance data and reporting criteria; facilitate merchant billing; and Manage internal PCI compliance programs.

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PCSi Partners Bluepoint for RDC & Processing Solutions

PCSi item processing and Bluepoint Solutions remote deposit capture, item processing and enterprise content management solutions for financial institutions partnered to enhance PCSi’s remote deposit capture and processing offerings. PCSi processes approximately 15 million items per month. The CUSO will host Bluepoint’s item processing solution, ImagePoint Hub, to aggregate checks, create cash letters and transmit them for settlement to any endpoint. PCSi will also offer its member credit unions Bluepoint’s complete suite of Check 21 capture applications including branch, teller, mobile, home and merchant.

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CoreFirst Bank & Trust Deploys FIS’ Card Processing

CoreFirst Bank & Trust has deployed FIS’ debit card processing and card personalization services. FIS’ card processing services supports debit, credit and prepaid card-based transactions, providing the necessary messaging and integration with payments industry compliance schemes. Based on flexible technology, FIS’ card processing services are built on modern, open architecture to ensure long-term scalability, availability and performance and support more than 3,500 card issuers and acquirers.

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Chase and Groupon Help Teachers With School Supplies

Chase, DonorsChoose.org and Groupon’s philanthropic “G-Team” arm announced their one-week-only giving opportunity to help purchase essential classroom supplies for science, technology, engineering and mathematics (STEM) education-related projects. Continuing its support of education initiatives that enhance STEM curricula, Chase will give an additional $40 for every $10 donation made to DonorsChoose.org through G-Team at http://www.groupon.com/deals/gx-gt-donorschooseorg. Chase has teamed up with DonorsChoose.org to offer a “G-Team” campaign within the Grouponicus Holiday Shop, Groupon’s expertly curated collection of hand-picked deals perfect for gifting to ease financial burden on teachers.

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Smart Posters and Mobile Marketing Tap $300mm NFC Tag Market

Smart posters and mobile marketing are the greatest opportunity for service providers and manufacturers of NFC tags; they account for over half of shipments to date and are expected to be the fastest growing segment, accounting for 70% of shipments in 2016. Companies, including Avery Dennison, Identive, and UPM Raflatac have all released products targeting the growing interest for the non-payment services that NFC enables. In total, this market is expected to be worth $298 million over the next five years.

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Online Payments Shift to Credit Cards, Less Debit Cards

There has been a 16% increase in the U.S. online market as retail e-commerce sales continue to rise to $309 billion in 2011 and are further forecast to climb to an estimated $444 billion by 2016. Also, from 2011 to 2016, the total payments volume (TPV) for the online use of credit cards by U.S. consumers will climb 63%, while the TPV for debit cards is expected to rise just 2% during that same period. This, according to Javelin Strategy & Research, concludes credit cards typically generate higher consumer spending and greater revenue for merchants, but frenzied purchasing periods such as Cyber Monday can cause consumers to throw cautionary spending patterns to the wind and take advantage of the “deal” phenomenon. Javelin’s study shows that consumers spend more money on a single online transaction using credit cards than when using other payment options, spending an average $82.10 with a major credit card versus $58.29 using a major debit card.

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