Varolii Achieves ISO 27001 Certification

Varolii Corporation personalized SMS, voice and email customer communications achieved ISO 27001 certification, the internationally recognized Information Security Management System (ISMS) standard. Varolii now meet ISO 27001 certification, Payment Card Industry Data Security Specification (PCI DSS), Health Insurance Portability and Accountability Act (HIPAA) and Gramm-Leach-Bliley Act (GLBA) compliance. ISO 27001 (ISO/IEC 27001) is the most rigorous global security standard that sets out requirements for an Information Security Management System. Varolii ensures client data protection while securely delivering more than five billion intelligent, personalized communications to consumers and employees on behalf of Fortune 1000 companies.

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Air NZ Combines Loyalty With Credit Card

Air New Zealand now plans to launch its “OneSmart” card, combining its loyalty card and credit card to feature Airports membership on one side and an optional Prepaid Debit MasterCard on the other side. The card can not only be used to use to skip the lines in New Zealand domestic check-in but can also be loaded with funds in four different currencies to make everyday purchases and shop online. Other features of the card include no commission charge to load foreign currency, no charge for international ATM withdrawals as well as built with PayPass for quick transactions less than NZ$80.00.

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Redha Al-Ansari Exchange joins Luup

Redha Al-Ansari Exchange network that provides worldwide remittance and foreign exchange services implemented Luup’s universal mobile payment platform to enable its services to be delivered through the mobile handset. The strategic partnership will enable Redha Al-Ansari Exchange to offer quicker, secure and more convenient services to all its customers. Luup has previously announced partnerships with several money transfer organisations in the Middle East and South East Asia. Adding Redha Al-Ansari Exchange, with their financial and remittance expertise, significantly extends the mobile remittance infrastructure and will bring benefits to hundreds of thousands of workers in the UAE and beyond.

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BBK Expands ATM Network

BBK launched a new offsite ATM, bringing its numbers to 43 ATMs. BBK ATM machines provide such services as Cash withdrawals; Account balance enquiries; Printing of mini statements; Transfer of funds between linked accounts maintained with BBK; Cheque book requests Batelco bill payments and prepaid top-ups; Zain bill payments and prepaid top-ups; Electricity bill payments; and “CrediMax” Credit Card bill payments and PIN change. BBK has been incorporating the latest technologies to offer e-banking solutions to provide new generation services through its user friendly award winning website www.bbkonline.com.

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Aconite & Thales Rationalize Quick PCI Compliance

Thales e-Security achieved PCI HSM certification for its “paySh ield 9000″ hardware security module (HSM). This is the first HSM standard introduced by the Payment Card Industry Security Standards Council (PCI SSC) to address security requirements when handling cardholder data. Aconite smart application management and EMV transaction processing solutions and Thales have together completed an integration program that allows Aconite solutions in card and mobile application management, key management and smart transaction processing ” already designed and built for PCI compliance ” and Thales payShield 9000 HSMs, to work seamlessly together.

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Wincor Nixdorf to Maintain Supermarket POS

Wincor Nixdorf forged out a 3-year deal to take over services for the more than 830 POS systems with the Sviluppo Discount supermarket chain it currently operates in its 250 stores across Italy. With this, Wincor Nixdorf will assume responsibility for the complete rollout of POS systems for new Sviluppo Discount stores- which will profit from increased POS availability and subsequent faster service- for classic hardware maintenance and service for the POS systems and help desk services for software requests.

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Gate2Shop Ecommerce Platform Deploys with Tanki Online

Tanki Online Multiplayer Online Action Game has implemented the Gate2Shopglobal ecommerce platform to handle online payments. Tanki Online required a secure e-commerce solution for global payment coverage – with the ability to expand payment options in future. With over 80 payment options in more than 160 countries, Gate2Shop’s global ecommerce platform allows the developers at Tanki Online plenty of scope to grow. Gate2Shop is a provider of e-commerce solutions designed for the software, games and digital service industries and gives vendors a complete e-commerce platform to market and sell their products online, including Risk Management, Affiliation, Fraud Prevention and Payment Processing.

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Sberbank of Russia Implements OptiCash ATM Software

Sberbank of Russia has purchased an institutional license for installation of the OptiCash/OptiNet software developed by Transoft International Inc. The software is designed to optimize cash management processes for the bank’s branches and ATMs. The solution was initially implemented in the Moscow network of Sberbank branches and ATMs, where OptiCash/OptiNet proved to be highly effective resulting in the bank improved cash availability in cashpoints while reducing operational and funding costs. Sberbank purchased an institutional license to replicate OptiCash/OptiNet across all Sberbank cashpoints in the Russian Federation and centralized all cash flow management processes within the institution.

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Transfer Summit Met With Success

There is likely to be more consolidation in the remittances market as it becomes increasingly difficult for small and medium sized operators to maintain profitability given the current trends in the business. In a wide-ranging agenda there was a consistent message. Among the key themes that were explored were the adoption of the 5×5 pricing target by the G20, the forthcoming regulatory review of the Payment Services Directive in Europe, the trend for consolidation by remittance companies, the vital role of social media in maintaining and building customer bases, the application of newer technologies to the industry and the increasingly collaborative business models that are being adopted.

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CDCU Launches Remittance Corridor with Fed

Remittances of cash between Mexicans living in the United States and their families back home in Mexico totaled $22.6 billion in 2010. But many Latin American remittance senders living in the United States do not have a bank account, with 35 percent of Ecuadorians, 64 percent of Salvadorans and 75 percent of Mexican immigrants being unbanked. In response, the Federal Reserve Bank and the Mexican Consulate have been partnering with U.S. based financial institutions to lower the cost of sending remittances to Mexico, provide safe and affordable financial services increase the speed and safety of transactions, and reduce the number of unbanked in the U.S. and Mexico by encouraging them to work with regulated financial institution on both sides of the border.

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Consumer Debt & Bankruptcies Free-fall in Tandem

October U.S. consumer bankruptcy filings totaled 106,255 nationwide, down 19.6% from the 132,173 total consumer filings recorded in the year ago period. Meanwhile, of the total $2.45 trillion in outstanding US consumer debt, total outstanding revolving credit dropped in September from $790.2 billion in August to $789.6 billion for a second consecutive month of decline.…

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Bluepoint Solutions Adds to ImagePoint Suite

Bluepoint Solutions remote deposit capture, item processing and enterprise content management solutions introduced its “ImagePoint Mailroom” solution. The “ImagePoint Mailroom” lets financial institutions capture and electronically process deposits and remittances, including credit card, mortgage, auto and other loan payments, received in the mailroom. The SaaS-based, automated processing tool is designed to scan, sort, apply and split remittances and deposits, validate the data, then export it for clearing, posting and archiving. The web-based application operates in a secure cloud environment with no local software to install or maintain, allowing institutions to quickly deploy the solution with minimal up-front investment.

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