Trend Micro and HyTrust to Advance PCI Compliance Reporting

Trend Micro Incorporated and HyTrust announced a partnership to help organizations streamline security and compliance reporting for virtualized and cloud computing environments. The companies will provide integrated reporting tools that reduce audit response times, and increase auditor confidence. Trend Micro “Deep Security” solution provides advanced security and protection for servers deployed across physical, virtual or cloud infrastructures. Its modules include Firewall/Deep Packet Inspection, Intrusion Detection and Prevention, File Integrity Monitoring, Agentless Anti-malware and Advanced Monitoring, as well as configurable log inspection capabilities.

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Fiserv Tops International Retail Core Banking

Fiserv financial services technology solutions has been positioned by Gartner in the Leaders Quadrant of the 2011 “Magic Quadrant for International Retail Core Banking” based on evaluation of its Signature bank platform. The Gartner Magic Quadrant is an annual analysis of international core banking system vendors and their technologies. The report evaluates market understanding and responsiveness; industry and geographic strategy; business model; innovation; product, sales and service; overall viability; customer experience and track record.

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ACS Launches Conactless Reloadable Card Fare System

Abu Dhabi, Casablanca and Mexico City are turning to ACS, A Xerox Company, to make their public transit payment systems more efficient and convenient for millions of riders. ACS is modernizing the commuter payment systems in all three cities by implementing its Atlas ticketing system. With the wave of a reloadable debit card from the local transit agency, riders can pay fares without using cash. This “contactless ticketing” system will ease commuter congestion and make boarding and paying easier and faster.

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CSI Deploys m-App Business Payment

CSI Enterprises launched their “globalVCard” mobile app for business users with iOS and BlackBerry devices. This allows small business to make secure business purchases through a mobile payment solution built specifically for their needs. The CSI “globalVCard” payment method allows the user to create secure single and multi-use virtual MasterCard account numbers from their tablet or smartphone device. The CSI “globalVCard” app offers a secure business payment solution for both smartphone and tablet platforms and is available on the top three smartphone operating systems.

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Wincor Nixdorf and Level Four Ink Partnership

Wincor Nixdorf IT solutions partnered with Level Four Software ATM test automation for existing and potential mutual clients to help them realize the benefits of test automation earlier in the software development lifecycle. This enables customers to gain further value from their automated testing framework and bring ATM products and services to market more rapidly, with more certainty and at less real cost. The partnership will focus on mutual clients who have selected Wincor Nixdorf’s multivendor ATM application software and who are existing or potential users of Level Four’s leading ATM test automation solution, BRIDGE:test.

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Mobey Forum Covers How To Implement NFC

Mobey Forum released a white paper entitled ‘Business Models for NFC Payments’, which highlights what needs to happen to make NFC contactless mobile payments at the point of sale (POS) a mass market reality. As NFC technology continues to gain momentum, the study demonstrates how stakeholders can assess different implementation options, define the business case and roles that will meet their requirements and establish a clear go to market strategy with essential partnerships. This latest white paper from Mobey Forum aims to ultimately speed up the development and use of NFC technology for payments.

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Oberthur Awarded as Best Prepaid Manufacturer

Oberthur Technologies has won for two years in a row the Best Prepaid Manufacturer category at the 4th Annual Prepaid Awards Ceremony. The Prepaid Awards is held once a year to recognise the significant achievements and successes of the prepaid sector. The event brings people and companies from across the industry to reinforce and recognise the efforts made. This award recognises Oberthur Technologies’ leadership in the global prepaid market delivering more than 50 million prepaid cards globally for the payment sector.

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American Express Forges Expansion

American Express Meetings & Events forged two new exclusive agreements with Le Public Système France-based integrated communication agency and UK-based WRG Creative Communication integrated marketing and event production agency. With this AmEx will offer streamlined access to all areas of meeting and event management, creative communication and production along with budgeting, compliance and expense management expertise from American Express. Businesses will have access to a comprehensive range of meetings and events services that are typically handled as separate and at many times fragmented components.

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Credit Card ABS Performing, Not Expected to Last

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Credit card ABS performance losses dwindled from persistently high levels while excess spread has strengthened to twice the pre-recession average. The Fitch’s Delinquency Index for September is 2.30%, a 35% drop-off compared to last year while losses fell nine basis points (bps) to a multi-year low of 6.32% from 6.41%. On…

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Card Rewards Redemption Trending Upward

With the consumer confidence index recently plunging to 44.5 from 59.2 in July on Conference Board, rewards redemption was way up in 3Q/11. Up four points from recent averages, 47% of consumers redeemed at least a portion of their rewards in the past three months, up from 43.1% in 1Q/11 and 43% in 2Q/11. The aspect of “free money” motivates 60.6% of redeemers, 39.5% of whom applied it towards payment of a monthly credit card balance while 23.1% deposited the cash rewards into a personal savings account. With this, consumer demand for mobile devices and applications continue to rise, but only 19.5% of reward-using credit card holders can see or redeem their rewards balance on their mobile device.

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JHA Payment Processing Adds 20 Credit Unions in 2011

Jack Henry & Associates payment processing services to the financial services industry announced its “JHA Payment Processing Solutions” division added 20 credit unions to its client roster during fiscal year 2011. Nineteen of these credit unions elected to replace a competitive ATM, debit, and credit card processing solution with a PPS solution and one launched a new card program. JHA Payment Processing Solutions provides payment solutions to the financial industry including ATM, debit, and credit card solutions. These innovative solutions include one of the largest switch processors in the United States, access to one of the credit union industry’s largest surcharge-free ATM networks, online real-time transaction authorization and processing, signature and PIN-based processing, in-house and outsourced fraud prevention and detection solutions, cardholder awards programs, card program management and profitability solutions, card manufacturing and personalization, instant issue and activation, marketing materials and programs, and renowned customer service.

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Debit Card Rewards Facing Extinction, Still Remain

The availability of debit card rewards offers fell 30% over the past year, according to Bankrate.com’s 2011 Debit Card Rewards Study, but are still largely unchanged. Additional findings show .5% is still the payout ratio, 71% of debit rewards cards have no annual or monthly fees (up from 50% last year); 71% have no cap on rewards-compared to 75% in 2010; those that have caps lowest caps at $120 cash, 80,000 miles and 50,000 calendar points per year; the highest payouts are 1% while the lowest are 0.25%; and flat per-transaction payouts constitute 18% of offers.

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