Xpress Money Draw Remittance Contest to Close

Xpress Money’s “Pera Pang Xkwela” promotion, in partnership with M.Lhuillier, concluded recently with 3 lucky winners. The “Pera Pang Xkwela” promotion ran on an electronic lucky draw system where only receivers of Xpress Money transactions need to register via sms to enter the draw. There were 44 winners of the 5,000 PHP and 8 winners of the grand prize of 50,000 PHP. The promotion was held from May through August with a draw held every week.

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Sparkasse Suedholstein Picks Gemalto eBanking Security

Sparkasse Suedholstein is deploying Gemalto’s Ezio strong authentication optical readers to better protect its online customers. This eliminates the need for paper-based lists of One-Time-Passwords (“iTAN”, Indexed Transaction Authentication Number”) and adds the higher level of security of the smart banking card. The bank is part of the Sparkassen Finanzgruppe, the leading banking group in Germany with 45 million retail accounts. The unique credit card-sized optical authentication device is easy to carry around in your wallet and offers a high level of mobility and convenience. With 27 million ebanking users(1), Germany has the largest number of online customer base in Europe. The “Ezio TAN” solution combines ease-of-use and speed with the security of EMV debit cards.

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Gemalto Oversees Nationwide NFC Deployment

Gemalto was selected by IDA as the trusted third party to deploy mobile NFC contactless services across Singapore. With this, it will develop and operate its Trusted Services Manager (TSM) solution to securely deploy and manage mobile NFC services such as payment, ticketing, loyalty and other wireless services like the smart poster which allows consumers to interact with advertisements. With Singapore’s three mobile operators all connected to this interoperable NFC infrastructure, banks, payment and service providers will be able to deploy innovative mobile NFC services to all mobile subscribers. This open yet secure platform will also encourage widespread participation by businesses and service providers from wide-ranging industries to join the ecosystem to offer more consumer services, including mobile coupons, mobile tickets and product information.

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JCB Holds the 12th JCB World Conference

JCB global payment brand and international subsidiary JCB International (JCBI) hosts the 12th JCB World Conference from 24 to 25 October at the Kagaya in Ishikawa, Japan. 290 JCB partner companies and financial institutions in 36 countries and territories with over 600 people participating in the event, making it the largest attended JCB World Conference. JCB aims to bring together JCB business partners from around the world to share JCB brand strategy and direction of future global expansion, and to further enhance ties and relationships with the partners. JCB will be addressing to participants JCB’s midterm business plan for future growth.

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Average Card APR Closing in on 15%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] At the start of the recession average credit card APRs hovered around 16% before dropping to a rock bottom 12.64% back in 2010, encouraging a much-needed boost in borrowing. But throughout 2011, rates have consistently increased since the June average of 14.83% and now sit at record highs, currently at 14.99%…

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Vigilix & APG Implement POS Loss Prevention

Vigilix PCI compliant POS support software completed integration between the Vigilix Application Support Tool (VAST) and APG Cash Drawer’s NetPro Ethernet Cash Drawer. APG Cash Drawer, LLC released the NetPro interface to opportunities such as this on September 10, 2010. APG and Vigilix believe that this distinctive product integration opens the door for Point of Sale ISVs to build on additional capabilities that will distinguish their POS application, increase the potential for the service providers, and ultimately add value to their customers – the merchants. The interface leverages Vigilix’s monitoring and alerting capabilities for point of sale hardware and software.

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Stanford FCU Deploys Open Solutions Model

Stanford Federal Credit Union selected Open Solutions’ “DNA” enterprise-wide, relational core platform, for its processing needs. Stanford FCU is upgrading to Open Solutions’ premier core solution, “DNA” universal data model for a member-centric design to greatly enhance workflow, flexibility and productivity. The system is built on a powerful, centralized Oracle relational database that allows service-oriented financial institutions to easily customize and enhance the system with products from Open Solutions, third-parties, in-house developers, and DNAapps available through DNAcreator and the DNAappstore. Stanford FCU also implemented Open Solutions’ DNAvoice, DNAmobile, DNAweb and a number of tools from the Document Management, Financial Solutions, Channel Optimization, and BI & Marketing product families.

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Tsys Buys Vanguard Merchant Portfolio

Tsys purchased the merchant portfolio of Vanguard Payment Systems, which provided payment acceptance solutions to a wide variety of businesses since 2005. The portfolio includes merchant accounts, which- subsequent to the transaction- have access to the products and services of TSYS Merchant Solutions, which includes customizable payment services for credit, debit and prepaid cards at the cash register or via the Internet.

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Security Service FCU Selects VSoft RDC

Security Service Federal Credit Union selected the VSoft back counter capture and ATM RDC solutions to decrease response times and thus improve employee and member experiences. Security Service chose VSoft for the superior functionality of its digital dashboard, which enables the credit union to monitor a wide range of parameters and ensure efficiency. Security Service also selected VSoft’s image exchange solution, as well as its application for image-enabled returns.

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Quality Associates Implements RCD Johns Hopkins

Quality Associates services and solutions for large-scale document management, imaging and archiving, implemented a custom remote check deposit solution for The Fund for Johns Hopkins Medicine (FJHM). The philanthropic arm of Johns Hopkins Medicine, raising money to support treatment, research and educational programs for Johns Hopkins Medicine, processes approximately 45,000 donor checks collected by 15 separate development offices. With this remote deposit solution, data capture, information sharing, check deposit and posting occur electronically within 3 days.

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NDB Advisory Now Offering Fixed Fee PA DSS Compliance Services

The PA DSS assessment consists of eleven (11) requirements along with two (2) important appendix sections, one that describes the requirements for an “Implementation Guide” and the other detailing the laboratory instructions for testing and validating an actual live environment of the application itself. There are also numerous sub-requirements within each of the eleven (11) core requirements that must be validated by a PA-QSA-a fully licensed and accredited individual allowed to perform PA DSS assessments.

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