INSIDE Secure Adds NFC With SIM Card

INSIDE Secure announced a major technology innovation that allows an NFC card emulation solution to fit into a standard SIM card form factor and still achieve industry-standard 4cm proximity transaction performance. The INSIDE core technology is part of an initiative that will allow the company to bring multiple new NFC products to market in 2012 and 2013, both directly and with key strategic partners. This core technology creates significant improvements over conventional NFC core technology, enabling 4cm or greater contactless read distance in a mobile device with an antenna footprint of less than 1cm2. For this, a SIM card containing the INSIDE core technology chip is inserted into the SIM slots of selected legacy phones from leading handset makers, making them instant NFC contactless payment devices.

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Retail Card Charge-Offs Post Record Lows

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] October defaults are nearing four year lows while the Fitch Credit Card Chargeoff Index broke below the 8% mark during the October. Dropping 89 basis points (bps), retail defaults stood at 7.78%, levels last observed in February 2008 and remaining 33% lower year over year. Meanwhile, late stage delinquencies snapped a…

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Intel and MasterCard Partner to Secure ePayment

Intel Corporation and MasterCard forged a multi-year strategic collaboration to further enhance the security and consumer payment experience for online shopping. Combining MasterCard payment processing with Intel silicon innovation and chip-based security, the partnership will provide more options for a safer and simpler checkout process for online merchants and consumers using Ultrabook devices and future generations of Intel-based PCs. Together, the Companies will refine MasterCard’s “PayPass” and Intel “Identity Protection Technology (IPT).” Intel “Identity Protection Technology” implements two-factor authentication and hardware-based display protection for online security against malware.

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CHARGE Anywhere Launches m-Payment App

CHARGE Anywhere secure mobile payment and payment gateway solutions announced its “CHARGE Anywhere Payment App” for BlackBerry is now available for download. The CHARGE Anywhere Payment App for BlackBerry offers merchants a secure POS terminal to process cash, check, credit and gift/loyalty, merchants can leverage a BlackBerry and turn it into a fully functional point-of-sale terminal for a more mobile and cost effective solution than traditional legacy terminals. The mobile POS solution for iPhone(TM), BlackBerry®, Android(TM), Windows Mobile®, Java® and Brew(TM) Platforms, allow users to securely process payments in real-time reducing risk and decreasing the scope of PCI-DSS.

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MoneyGram Announces Reverse Stock Split

MoneyGram International global payment services company filed a certificate of amendment to its Amended and Restated Certificate of Incorporation to effect a 1-for-8 reverse stock split and to proportionately decrease the number of authorized shares of common stock. The reverse stock split is effective as of November 14, 2011, and the common stock will begin trading on a split-adjusted basis on the New York Stock Exchange at the opening of trading on November 15, 2011. Beginning on November 15, 2011, the common stock will trade for 20 trading days under the symbol “MGID” to indicate that the reverse stock split has occurred. Thereafter, MoneyGram’s trading symbol will revert to its original symbol, “MGI.”

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TAG FinTech Announces Date for FinTech Georgia 2011

FinTech Georgia 2011 is an annual symposium that will showcase some of the leading financial and payment industry executives discussing the future of technology, emerging trends in payments and factors shaping the industry, such as the Dodd Frank/Durbin Amendment. The founder and former chairman of CheckFree Corporation (now Fiserv), will provide this year’s keynote address as he accepts FinTech Georgia’s Lifetime Achievement Award on November 16.

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Ingenico Takes-Over Xiring

Ingenico payment solutions is launching a friendly contractual voluntary tender offer for all the shares of the company Xiring not currently held by Ingenico. A cash offer of EUR17 per share, this offer is in line with Ingenico’s strategy of expanding into services and increasing the contribution of recurring transaction-based revenue. In 2010, XIRING reported revenue of €20.6 million, roughly half of it recurring, and a restated3 EBITDA margin of 23.6%. The offer is for all XIRING shares not currently held by Ingenico and will be open from November 16 to 29, 2011.

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Oberthur to Supply e-Residence Permit Cards

Latvian Interior Ministry selected Oberthur Technologies to provide the electronic secure cards, pre-personalization and related software middleware, for both Latvian residence permits and citizen cards. The Interior Ministry of the Latvia Republic will launch their new electronic identity documents on 2nd of January 2012: the electronic EU residence permits for non-EU citizens residing in Latvia and the electronic ID cards for citizens. The cards supplied by Oberthur Technologies will be produced in polycarbonate raw material.

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NICE Allows C3 Real-time Payment, PCI Compliance

NICE Systems announced that C3/CustomerContactChannels (C3), a global provider of customer management solutions, is enhancing its recording and quality management systems with NICE Interaction Management and NICE Quality Management, recording and quality management solutions of the NICE SmartCenter Workforce Optimization suite. C3/CustomerContactChannels, a global provider of customer management and business processing services, offers solutions for a variety of industries, including the healthcare, telecommunications, travel, and finance sectors.

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UK Post Implements HSBC Card Processing

HSBC Merchant Services independent cards payment processor won a tender to provide Post Office Ltd with card processing services to its approximate 11,500 branches nationwide. With this, It will provide an extensive range of technology, including virtual terminals for the Post Office website, and process payments from all Post Office branches, including the innovative ‘Post and Go’ self-service kiosks and the entire estate of 13,000 paystation™ bill payment terminals.

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Aldemore Bank to Deploy Experian Processing

Experian signed a three year contract to provide Aldermore Bank its range of credit information, software and analytical services from its consumer and commercial banking portfolio. Experian will support Aldermore Bank’s lending, providing consumer and commercial credit reference information for new business and ongoing customer management. Coupled with Experian’s analytics services, this lets the provider manage risk and lend more efficiently to its customers. Specifically, Aldermore Bank will focus on its front office capability through Experian “Transact” application processing system.

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