Google, PayPal, Citi and Visa lead payments debate

Google’s VP mobile wallet will join Managing Director Global Enterprise Payments at Citibank, Head of Mobile at Visa – and the new VP of mobile at PayPal to launch Google mobile wallet. A growing number of key retailers and ecommerce companies are also participating in The Open Mobile Summit this year – in particular, The Gap, Choice Hotels, 7 Eleven and HSN join the ‘Future of mobile shopping’ panel later that same day. Overall, more than 800 senior strategists from across converging mobile, Internet, media and commerce will gather this year for the 4th annual Open Mobile Summit, happening in San Francisco this November 2-4th.

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CreditCall Joins Development of PCI Security Standards

CreditCall payment services provider and transaction gateway joined the PCI Security Standards Council as Participating Organization, with which it will work to achieve and improve payment data security worldwide. With this, CreditCall adds its voice to the standards setting process and will receive previews of drafts of standards and supporting materials in order to provide feedback to shape their final versions, as well as engage a growing community of more than 600 organizations united to improve payment security.

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VietinBank To Issue its First JCB card

Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), one of the largest state-owned commercial banks in Vietnam and JCB International (JCBI), the international operations subsidiary of JCB, the only global payment brand based in Japan launched the “VietinBank-JCB Cremium” card. JCB and JCBI entered into the Vietnam market to expand JCB card acceptance in 1991. The “VietinBank-JCB Cremium” cards will be accepted at over 34,000 JCB merchants in Vietnam, as well as the worldwide acceptance of 18 million merchants globally through JCB’s merchant network located in 190 countries and territories. The card will be issued as both the Standard card (with a credit limit of 50 million dong) and the Gold card (with a credit limit from 50 to 300 million dong).

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High-Tech Bridge Joins PCI Security Standards Council

High-Tech Bridge SA (htbridge.ch), a leading Swiss information security company, has joined the PCI Security Standards Council as a new Participating Organization. High-Tech Bridge will work with the Council to achieve and improve payment data security worldwide through the ongoing development of the PCI Security Standards, including the Payment Card Industry Data Security Standard (PCI DSS), PIN Transaction Security (PTS) requirements and the Payment Application Data Security Standard (PA-DSS). With this, High-Tech Bridge adds its voice to the standards setting process and will receive previews of drafts of standards and supporting materials in order to provide feedback to shape their final versions, as well as engage a growing community of more than 600 organizations united to improve payment security.

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AMEX Partners Tencent

American Express is set to partner with Tencent Holdings to develop a way for users of Tencent’s online payments service to buy goods outside of China. Tencent Internet company faces competition from Alibaba and Baidu in processing online payments for consumers in China. American Express has a potential upside of 20.6% based on a current price of $47.87 and an average consensus analyst price target of $57.72.

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YES BANK Fores Strategic Banking Alliance with Indian Army

YES BANK signed an MoU with the Indian Army for the YES VIJAY Salary Account, designed exclusively to cater to the needs of the Army personnel. YES-VIJAY Salary Account will offer the Lifetime Unique Zero Balance Savings Account, Anywhere Banking at all branches on an online real-time basis, Free Supplementary Shopping-cum-ATM Card for Joint Account holders, Free Additional ATM Card for single account holders, Personal Loans & Salary Overdraft & Education Loans at concessional rates amongst a host of other benefits. Army personnel will also be able to gain from YES BANK’s Wealth Advisory Services through a dedicated Financial Advisor, who will be a one point contact for all financial services needs including banking, investments and insurance and other special needs.

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INSIDE Secure Names VP Applications and Ecosystems

Laurent Sanchez has been named VP, applications and ecosystems with INSIDE Secure semiconductor solutions. Bringing with him a background in chip technologies, electronic payment, and mobile software brings valuable industry relationships to INSIDE’s growing ecosystem of mobile, NFC, and payment partners, Sanchez will open NFC technologies, establish relationships and launch strategic initiatives with key industry partners in the payment and mobile ecosystems, as well as lead business development activities for INSIDE’s applications and services. He most recently directed strategic initiatives, partnerships, and application ecosystems for Audience, a pioneer in intelligent voice processing technology, developing application business and creating a community of third-party developers. Sanchez holds a master of business administration degree from the Graduate School of Management in Aix en Provence, and a master’s degree in electronics and computer science from INSA.

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RBS Implements cash withdrawals at Post Office branch

The Post Office announced that Royal Bank of Scotland Group, or RBS, retail and business current account customers will be able to make cash withdrawals and balance enquiries at any Post Office branch in the UK. Holders of 19 million RBS Group debit cards across the three brands will benefit from this new arrangement. The Post Office will not charge for the transactions now available at all 11,800 Post Office branches nationwide. Withdrawals up to daily individual limits are available and customers only need their debit card and PIN to access their cash. Around 80% of total UK debit cardholders can now access their money at Post Office branches, the company said.

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MasterCard Hit $4mm Mark, Benefits Cancer Research

MasterCard Worldwide announced it has reached its goal of raising $4 million for Stand Up To Cancer (SU2C) through its “Eat, Drink and Be Generous” campaign. MasterCard made a donation to SU2C every time cardholders used their MasterCards when dining out. To keep the momentum moving forward with additional support for SU2C, MasterCard has partnered with Rewards Network, who powers the leading dining rewards programs in North America, including “iDine” for which through Oct. 31, 2011, Rewards Network will donate 50 cents to SU2C when diners use a registered MasterCard in qualifying transactions over $15 made at participating iDine restaurants. Diners enroll and register the MasterCard they use when dining out at over 10,000 participating restaurants.

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Discover Ranks Best for Resolving Identity Fraud

Discover ranks best in identity fraud resolution among the top U.S. credit card issuers for the second year running. This, according to the latest Javelin Strategy & Research’s annual assessment of identity safety in the credit card industry, ranks among the top 23 card issuers in the categories of identity fraud prevention, detection and resolution based on research from issuers’ websites and calls to customer service representatives. Pushing it to the top, available security features for Discover cardmembers include a $0 Fraud Liability Guarantee; Proactive account monitoring for suspicious activity; Fraud alerts via phone, e-mail or text; Dedicated fraud specialists; Credit score monitoring; Paperless statements; and Fraud prevention education tips.

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