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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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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JHA Payment Processing Offers Text Alerts for Fraud Prevention

Jack Henry & Associates technology solutions and payment processing services primarily for financial services organizations, announced that its JHA Payment Processing Solutions (PPS) division will offer “smsGuardian” anti-fraud text alert notification service. Now available for the credit unions supported by Jack Henry & Associates’ Symitar division, and banks using the jhaPassPort EFT platform provided by its Jack Henry Banking division, “smsGuardian” service sends transaction alerts directly to a cardholder’s mobile phone or other SMS-enabled device. The recipient customer then authorizes or blocks the transaction.

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Trend Micro & HyTrust to Launch Cloud Security

Trend Micro and HyTrust announced a partnership to help organizations streamline security and compliance reporting for virtualized and cloud computing environments. The companies will provide tools to reduce audit response times and increase auditor confidence. Trend Micro helps companies prevent data breaches while ensuring business continuity. Deep Security’s 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. Trend Micro Deep Security and the HyTrust appliance with PCI DSS compliance tools are available now.

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iovation to Present on Mobile Security and Improving Systems

iovation, the Device Reputation Authority protecting online businesses from fraud and abuse, announced its upcoming panel presentation at the 3rd Mobile Contactless Payment Innovations Summit. With this, the Company will share insights on assessing risk and detecting fraudulent behavior from mobile devices such as tablets and smart phones on October 17th and 18th in Chicago. iovation has seen mobile transactions increase by more than 300% annually, playing a critical role in online business.

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eBay Integrates Facebook to Its Global Commerce Platform

At its Innovate Developer Conference 2011, eBay announced the integration of Facebook’s new Open Graph functionality into its Magento and GSI global commerce platforms. This will allow developers to build new social shopping experiences for millions of consumers and retailers of all sizes, from small business entrepreneurs to national and global brands. Facebook functionality will be integrated into eBay Inc.’s X.commerce open commerce ecosystem. This gives third party developers access to eBay’s global commerce technology, including the Magento open commerce platform. More than 100,000 retailers worldwide who use Magento will soon have a seamless way to enable their customers to use new sharing options including ‘want’ and ‘own’ buttons as part of a new social shopping experience.

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