Ground Labs to Demonstrate Cardholder Data Discovery

Ground Labs developer of security and auditing software solutions for the payment card industry, will be a sponsor of this year’s PCI SSC European Community Meeting. The PCI SSC Community Meetings provide an opportunity for industry stakeholders to learn from each other’s experience working with the PCI DSS. Participants also have opportunities to raise new ideas for future versions of the Standards and learn about best practices for protecting cardholder data as they interact with solution vendors and other service providers in the industry. Singapore-based Ground Labs is one of the international sponsors of the upcoming Community Meeting. The company’s flagship products, Card Recon and Enterprise Recon, perform cardholder data discovery to assist companies in identifying storage risks and help prevent security breaches that result in the theft of customers’ credit and debit card numbers.

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Planet Payment Appoints LatAm VP, Managing Director

Samia Bounaira has been appointed VP, Managing Director for Latin America with Planet Payment international payment processing services. She will manage the Company’s business development efforts and expanding its market reach in the strategically-significant Latin America region from Mexico City. Samia most recently was VP and Managing Director at Hypercom after holding a position as Sales Director of Mexico and Central America for Oberthur Technologies.

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Eufiserv POS Operations Underway

EUFISERV Payments announced the start of POS operations within the EUFISERV Card Scheme. This marks a significant milestone in the development of a new European Card Scheme as requested by the market and the European authorities, with POS functionality. It is a Chip & PIN based and fully SEPA compliant and compliant with European competition law. As of today the 45,000,000 EUFISERV cardholders of the German Savings Banks can make purchases at the 226,000 POS terminals managed by the EURO 6000 in Spain.

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Oberthur To Host Next Gen Payment Webinar

Oberthur Technologies, a world leader in the field of secure technologies, announced that a free, one-hour webinar is being held for U.S. banking industry leaders to provide information and insights on the latest payment technologies including NFC, EMV and On-line Authentication. The “Next Gen Secure Payment Solutions” webinar will be held on October 26th at 1 P.M. to touch on EMV: Key issues to review before migrating from a standard magstripe card; NFC: Understanding the value of NFC. Roles and responsibilities in a NFC model; and Online Authentication: Benefits & strategies worth considering.

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Asia-Pacific ATM market Explodes

The continued growth of the world’s ATM installed base hides significant differences between regions, says Retail Banking Research (RBR) in the latest edition of its authoritative study “Global ATM Market and Forecasts to 2016”. While Asia-Pacific has just set the record for the most new ATMs deployed in one year, the number of installations fell in 12 of the world’s 65 largest markets. Continuing rationalisation of branch networks and ATM estates, bankruptcies, mergers and weakening activity among independent deployers were the primary reasons behind the declining installed base in these countries. Rapidly growing demand from Asia-Pacific and Latin America more than offset the decline in the mature markets however, so the overall growth picture was positive in 2010. Demand from customers and cost cutting have been the most important drivers of ATM growth on a worldwide basis for the last few years. In 2010, rapidly growing volumes of ATM cash withdrawals in Asia-Pacific, Central and Eastern Europe and the Middle East and Africa helped to convince many deployers to continue expanding their ATM estates.

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Moneris Launches mPayment Processing

Moneris Solutions card processor launched its “e-Select plus” Mobile App. Giving merchants the ability to accept credit card payments using their smartphones and capture sales on the go, the new offering lets them obtain real-time authorization, send email receipts to customers, and generate reports on transaction history through their mobile devices. The bundled card reader accessory plugs into the audio port of the smartphone, allowing credit cards to be swiped for ease-of-use. The Mobile App extends the capabilities of the e-Select plus platform, offering merchants additional convenience and security.

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Doha Bank & Akbank Forges Remittance Agreement

Doha Bank has entered into an agreement with Akbank for remittance of funds from Qatar to Turkey, allowing Doha Bank’s customers to transfer money online from Doha Bank Account to their account with any branch of Akbank in Turkey. Turkish customers in Doha will also be able to remit funds to beneficiaries having accounts with any other bank in Turkey. The beneficiaries can collect cash from any branch of Akbank. The Similar service for corporate customers is also under consideration.

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Commidea Secures high volume CNP Payment

Commidea managed service payments provider launched “Vanguard” payment gateway for the secure management of Customer Not Present transactions. Vanguard offers a fast and certified solution for online purchasing with the authorisation taking, on average, less than two seconds. With this, e-commerce sites can handle high volumes of purchases without fear of transaction delays. The system provides a cost effective and straightforward way of ensuring that no sensitive cardholder data enters or passes through merchant systems, therefore simplifying efforts to achieve and maintain mandatory PCI DSS compliance. Vanguard has also integrated ‘Verified by VISA and MasterCard SecureCode’ into its payment process, which gives the merchant extra reassurance on the security measures employed within the service.

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Monthly Payment Rate Breaking Records

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The September Fitch Prime monthly payment rate (MPR) performance rebounded after struggling last month to know sit at a new record 21.88%. This compares to last month figures of 21.14% and year ago figures of 19.65%. Primarily comprised of general purpose portfolios originated by Bank of America, Citibank, Chase, Capital One…

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National ATM Council Suing Visa & MasterCard

The National ATM Council- representing 350 non-bank ATM operators across the US- filed a lawsuit in the US District Court for the District of Columbia asserting Visa and MasterCard overcharge for usage fees. Claiming ATM operators are unable to provide discounted rates for transactions over PIN-debit networks not made on Visa or MasterCard, the suit alleges price fixing drives up ATM service fees for consumers, while driving down revenue for ATM operators. The suit claims there are around 400,000 ATMs in the United States, and about 50% are run by independent ATM operators.

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PULSE and NETS Increase POS/ATM Acceptance

PULSE debit/ATM network forged a long-term POS and ATM acceptance agreement with NETS electronic funds transfer services company. With this, NetWorks’ 285 member institutions will be able to utilize PULSE for PIN debit transactions at POS locations nationwide. It will also be able to expand ATM acceptance to its members through PULSE’s more than 380,000 U.S. ATMs. More than 1,400 NetWorks ATMs in a 10-state area in the Midwest also will be enabled to accept PULSE(R), Discover(R) and Diners Club International(R) cards.

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Payment Data Systems Sees Record 3Q/11 Processing

Payment Data Systems integrated electronic payments solutions provider announced 3Q/11 set a record for transactions processed by the company. Its ACH (electronic check) processing volumes were the highest in the history of the company, up 598%, while ACH returned check transactions were up 771% from the previous quarter. Credit card processing volumes for third quarter were also the highest of any quarter in the previous two years. Credit cards dollars processed during the month were up 23.5% over second quarter of 2011 and up 61% over same period in 2010.

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