Datapipe Unveils PCI Certified Cloud

Datapipe managed services and infrastructure for IT and cloud computing made public its PCI DSS 2.0 Level 1 Service Provider certified cloud computing platform. Coupling a custom PCI certified cloud infrastructure with a suite of managed security services to enable PCI compliance, Datapipe’s PCI Certified Cloud is not a “mixed-mode” deployment. Layering enterprise grade managed security services on top of this elite cloud maintains the integrity of the environment and provides a truly unique offering and is in addition to Datapipe’s recently announced Intrusion Detection Service (IDS) deployed on Amazon Web Services in partnership with Alert Logic.

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Casualty of Durbin?

Laredo, Texas-based International Bancshares will close 55 grocery store branches and lay off 500 people in what the article calls a response to the Durbin Amendment. The Amendment, effective Oct. 1, puts a cap on what banks can charge merchants for debit card transactions. The bank is closing the branches in order to continue offering free checking to its customers after relying on revenue from debit card fees to cover the cost of free products and services for consumers.

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PCI DSS QSA Reveals Top 10 PCI Compliance Challenges

PCI DSS QSA Charles Denyer reveals his top 10 Challenges and Recommendations list regarding PCI compliance, which is a must-read for any merchant, service organization or any other entity involved in the processing, storing, or transmitting of cardholder data. The “Top 10 PCI List” addresses provisioning, hardening, securing and locking-down all in-scope “system components;” anti-virus; two-factor authentication; web application firewall (WAF); audit Trails and Logging; log Server | Syslog; File Integrity Monitoring; Intrusion Detection System; Policies and Procedures; and Operational Commitments from Internal Personnel.

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Debit MasterCard Rewards Program Introduced

The MasterCard “Money On The Go” program offers a Prepaid Debit MasterCard with a 1:1 ratio of reward points, with each point worth a $1.00. Redeemable towards 80,000 brand name products offered at its on-line reward site, the “Money On The Go Network” gives members a one dollar reward point for every dollar loaded onto their Mongo Prepaid MasterCard and members can redeem up to 1,000 reward points every month at their on-line rewards mall. But that’s not all! The “Money On The Go” has also included their LeisureXpress and SaversXpress benefits that save members 20-50% off at over 200,000 national recognized retailers.

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Community & Southern Bank Adds NCR ATMs to Network

Community & Southern Bank, a financial institution with more than forty branch and ATM locations throughout Georgia, will deploy 35 new NCR “SelfServ ATMs” to replace existing units and expand into new sites. Eighteen of the new NCR SelfServ ATMs will include NCR’s Scalable Deposit Module (SDM) technology, the only technology on the market that allows consumers to deposit both cash and checks simultaneously in any orientation through a single slot. The new SDM technology, designed for NCR SelfServ ATMs, delivers a consumer deposit experience that is twice as fast as other ATMs. Community & Southern Bank is using NCR “APTRA” software with “Promote,” “Exchange” and “Edge” to further enhance ATM capabilities.

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PenFed Removes ATM surcharge fees

The Pentagon Federal Credit Union stopped charging ATM fees in all of its military installations worldwide on Sept. 1. Even if a non-PenFed ATM or debit card is used in one of PenFed’s on-base machines, the credit union won’t assess an additional service charge against the cardholder. The credit union provides worldwide service to the Army, Marine Corps, Navy, Air Force, Coast Guard, Department of Defense and Department of Homeland Security personnel, members of the VFW, employees or volunteers of the American Red Cross, and others in the defense community and their families.

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AllPay Deploys Direct Debit for Recurring Accounts Receivable

AllPay used its powerful database program to help customers manage their company’s billings and receivables, maintain a schedule of payments and create an encrypted draft file for their bank. The Company drafts customer’s recurring receivables directly from their clients’ bank account saving them 1.5% – 3% on every dollar they would normally process via credit card. Combining AllPay approach and encryption security, it allows customers get their funds faster with guaranteed data security and no high fees to handle their funds.

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Consumers FCU Implements VSoft RDC

Lake County, Ill.-based Consumers Credit Union implemented the VSoft merchant RDC, home/office and mobile RDC, and branch item capture solutions. Offering a full suite of RDC solutions with flexible delivery models to support, facilitating core conversion and future growth, VSoft’s merchant, home/office and mobile capture products give members the convenience of making transactions from their office, store, home or any location using any smartphone or tablet device. VSoft’s branch item capture product will be deployed as an outsourced, ASP model to capture, correct and balance transaction, thus reducing back-office and transportation expenses.

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RewardsNOW to Host Webinar on Loyalty Programs

RewardsNOW marketing solutions company for loyalty programs, is hosting a complimentary webinar offering crucial insight into the importance of loyalty and reward programs given the Durbin amendment and the Federal Reserve Board’s recently released final regulations for debit interchange. Scheduled for October 6, from 1-2 pm EST, the presentation will address how loyalty programs for major financial institutions (FIs), credit unions and community banks will be impacted by the new regulations. They will also present the business case for using loyalty programs for banks large and small. Presenters will look at ways that FIs might use these reward programs to offset losses from interchange caps.

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Chase Shows Parenting More Costly Than Expected

According to the Chase Blueprint-Parents Survey, 62% of moms feel that raising a child is more expensive than they had expected, and are subsequently taking a proactive approach to saving money and managing their spending each month like couponing (98%), stocking up on sale items (74%) and managing their credit cards (64%). Chase Blueprint conducted the survey with Parents and American Baby to better understand how moms are approaching key personal finance decisions related to planning for and raising a child. Chase Blueprint is available for free on many Chase credit cards and can help design plans to manage the necessary purchases that arise. This is a critical life stage for families that requires extensive planning and when it comes to money, is important to get right. Ninety-five percent have cut back on spending for themselves and their partners since having children, including 52 percent who have made drastic cutbacks in their personal spending. Among those moms who feel raising a child is more expensive than expected, 61 percent made drastic cuts to their personal spending as a way to counter balance those extra expenses.

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BillMyParents & MasterCard Promo Appeals to Parents

BillMyParents teen spending solutions partnered MasterCard Worldwide to launch a campaign designed to educate parents about the benefits of prepaid cards for teens. The campaign will run across social, online and mobile media through October, highlighting the real-time tracking capabilities of the reloadable BillMyParents SpendSmart MasterCard® prepaid card. The campaign includes a national sweepstakes and a card usage rewards element, and was created to push both brand awareness and card conversions on a national level. Addressing the need for safe and easy-to-use solutions to help families manage teen spending in the digital age, BillMyParents provides varying levels of oversight that can be customized for both parents and teens. Instant text alerts can be sent every time a purchase is made or only if a purchase exceeds a certain dollar amount.

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Moneris Offers Cloud-Based POS for Inde-Retailers

Moneris Solutions credit and debit card processor launched its expanded “Morris” POS solution, offering Register, Pro, and Enterprise modules to help retailers manage their business more efficiently. The modules range from an entry-level cash register replacement to an advanced POS solution with advanced feature set designed to meet the needs of larger retail businesses. The PCI-DSS-compliant “Morris” offers retailers the ability to process transactions and provide additional POS features including inventory management, customer management, and real-time reporting.

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