Zale Deploys NewComLink for Customer Financing

Zale Corporation has implemented the NewComLink retail credit solutions platform as part of its new program to provide alternative financing options to its U.S. customers. Zale announced the new alternative financing program on August 31, 2011, which is currently available in all Zales, Zales Outlet and Gordon’s retail stores. With this development, Zale can connect customers with additional financing options to help complete their jewelry purchases. The NewComLink platform brings new efficiencies to financing and allows retailers to serve additional customers who want to make a purchase, increasing incremental sales, profits and improve customer satisfaction.

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HSBC Bank Brazil Implements SafetyPay eBanking

SafetyPay partnered HSBC Bank Brazil ($72 billion in assets), extending online payment services to the bank’s 5.5 million account holders and 400,000 small and midsize business clients. The bank serves 564 municipalities in Brazil with 893 branches and more than 24,000 employees. With assets equaling $72 billion, HSBC is the sixth largest bank in Brazil. SafetyPay has partnered with and integrated 23 financial institutions and 2,000 merchants worldwide.

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IT Governance Warns on PCI DSS Compliance

IT Governance PCI and information security experts warn an increasing number of payment card breaches within both the merchant and service provider industries, organizations are now receiving increased pressure from acquirers and card brands to become PCI DSS compliant. However, 79% of the organisations assessed were not PCI compliant and 90% of organisations that were hit with a data breach were not PCI compliant. IT Governance has a team of experienced consultants who have helped a lot of clients to successfully meet the PCI DSS requirements and become compliant within the desired timescale.

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CHASE PAYMENTECH PROTECTS FROM PAYMENT CARD FRAUD

Chase Paymentech acquirer and payment processor launched its Safetech Encryption to help protect merchants and consumers from payment card fraud and data theft. Available to Chase Paymentech Canada POS retail customers, Safetech Encryption is breakthrough technology designed to secure cardholder data for card-present transactions. It is meant to eliminate the processing, transmission and storage of unprotected payment card account information on retailers’ systems. The customer’s card data is encrypted and formatted so that the retailer’s POS systems process the transaction in typical fashion, but the card data is rendered useless to any other person or system that obtains it.

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UK Payments Council Revises National Payments Plan

The Payments Council launched its revised National Payments Plan, shaped by public consultation. This- the second edition of the Plan- reflects feedback from a public consultation to increase customer confidence in making electronic payments. This will include enhancing the benefit customers get when using the Faster Payments Service by developing mandatory minimum standards, and helping customers ensure that they are sending an electronic payment to the right person using the correct account data. It is also meant to minimize any risk of fraud, choose payment options that best suits their needs and raising awareness of chip and signature cards.

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VeriFone Deploys New Payment Terminal

VeriFone Systems launches “H5000” countertop payment solution. Accepting magnetic stripe, EMV chip and contactless transaction with a single hybrid card slot and integrated NFC/contactless reader, the “H5000” is the successor to the Hypercom “Artema Hybrid” and represents the first major enhancement of a Hypercom system since VeriFone completed its acquisition. The all-in-one solution incorporates PIN pad and an optional printer and features a color screen and graphical user interface for fast and easy use as well as value-added-services.

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Conference Board Index Up Fifth Month Running

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Leading Economic Index (LEI) for the U.S. posted a 0.2% increased in September to now sit at 116.4 (2004 = 100). This represents the 5th consecutive month the Conference Board reported the Index increased, after having moved up 0.3% in August and 0.6% in July. This adds to…

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RedFin Network Stronger After Hypercom

RedFin Network emerged from the recent end-of-life announcement by Hypercom of their Secure Payments Savannah Software Product line in a stronger and more robust position. RedFin Network processing environment increased its already extensive list of processing integrations and solutions. RedFin Network operates a Level I PCI (Processor Card Industry) compliant gateway known throughout the industry as The RedFin Gateway. RedFin Network provides 24/7 Class A support, distribution, wireless activation, billing, fulfillment and exclusive distribution of HioPOS Plus ( www.hiopos.com ) and Blue Bamboo ( www.bluebamboo.com ) products and services throughout the Americas.

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Citi Renews Sears U.S. Private Label Card Agreement

Citi announced a multi-year renewal of its long-standing U.S. private label credit card agreement with Sears Holdings Corporation, which includes Sears, Kmart, and Lands’ End, the nation’s largest online apparel retailer. Citi has provided branded payment products to Sears since 2003 and, with this renewal, offers customer purchase processing at over 2,200 Sears branded and affiliated stores and more than 1,300 Kmart stores serving millions of American families and small businesses across the country. This program is among the 90 million consumer and commercial credit card products Citi Retail Partner Cards provides.

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Blackhawk Network Acquires Cardpool

Blackhawk Network prepaid and financial payments products acquired Cardpool gift card exchange. Letting consumers buy, sell and trade gift cards, Cardpool connects gift card holders around the world to create a gift card exchange marketplace where customers can buy, sell, or trade gift cards safely and securely. Consumers can continue to exchange their gift cards at www.cardpool.com for cash or a different gift card, which are all verified for authenticity and balance as part of the secure and trusted transaction process.

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CSI Global-Fleet Fuel Card Partnership Reaches 10-Year Milestone

CSI Global-Fleet Fuel Card has offered an innovative array of fuel, maintenance and service solutions that greatly simplify fleet fuel management and is now commemorating its ten year partnership with the U.S. Bank Referral Partner program. U.S. Bank’s government, non-profit and tax exempt fleet fuel program and monthly billing process distinguishes it from other fleet fuel card programs. The referral partner program has innovative features geared towards enhanced controls, reporting and cost analysis. With this, CSI offers the ability to set up drivers and vehicles under a group profile; support for additional text messaging data prompts following authorization; and users to unlock cards online.

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