Hopefully the South Will Rise Again

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average national credit card debt dropped 18% to $6,285, with consumers in 19 states having paid down their debt by equal to or more than the national average. With this, Wisconsin cardholders paid down debt by a whopping 37%; Hawaii consumers paid down debt 22%; Missouri & Nevada both paid down…

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Williams-Sonoma & Barclaycard Launch Visa Card

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Williams-Sonoma and Barclaycard launched a co-branded Visa credit card and loyalty program. Allowing cardholders to earn reward points for purchases made everywhere Visa is accepted, rewards can be redeemed for culinary themed awards including Williams-Sonoma gift cards, statement credits for recent Williams-Sonoma purchases, customized travel packages, and cooking events at select…

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DataCash Appoints Cardholder Present Services Head

Wendy Dobson has been appointed Head of DataCash Cardholder Present Services, a critical part of the strategy to further develop DataCash’s international multi channel solutions in coordination with MasterCard. A card payments industry veteran, Wendy gained valuable experience in EMV cardholder present and global multi channel card processing, through appointments at Comms XL, Transaction Network Services, STS and most recently at Servebase. She will oversee the crucial component of DataCash’s global aspirations, to provide merchants and partners with a consistent, leading payments solution across multiple channels.

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Layered Tech Names Chief Risk Officer

Jeff Reich was named chief risk officer with Layered Technologies compliant hosting, managed dedicated hosting and on-demand virtualization/cloud computing services. Bringing with him more than 30 years’ security, risk and compliance expertise, Reich will further expand Layered Tech’s leadership position in providing compliant cloud, dedicated and hybrid hosting environments. As a well-known industry expert on security and risk management, Reich will deliver significant value to Layered Tech clients, whose compliance needs are growing in areas such as PCI DSS and HIPAA. Reich has extensive experience in cloud computing, having served as chief security officer for Rackspace Hosting, vice president and chief security officer of CheckFree, and senior manager of information protection at Dell Inc.

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PowerPay Card Design Supports U of Maine Alumni

The University of Maine Alumni Association (UMAA) partnered with PowerPay merchant account payment processing solutions. This lets University of Maine alumni-owned or operated businesses and their supporters to generate an ongoing stream of funding for UMAA simply by processing credit card transactions. PowerPay’s GIVE U Program takes 20% of PowerPay’s profit from each transaction at the participating business and donates it to the UMAA on behalf of the merchant. These funds support alumni programs, communications, scholarships and alumni events, including homecoming and reunions.

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Ground Labs to Showcase Cardholder Data Discovery

Payment card industry execs and stakeholders will be attending the fifth annual PCI Security Standards Council (SSC) Community Meeting in North America. Ground Labs, a leading developer of security and auditing software solutions for the payment card industry, will be a sponsor of this year’s event in Scottsdale, Arizona and participate in the Vendor Showcase. The PCI SSC Community Meetings provide an opportunity for industry stakeholders to learn from each other’s experience working with the PCI Data Security Standard (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.

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ElectraCard Services (ECS) nominated Prepaid Awards Finalist

ElectraCard Services (ECS) software solutions for electronic payment has been nominated as a finalist for the Prepaid Awards 2011. This nomination was conferred on “Best Prepaid Service Provider” category for its recognition in international market for its prepaid offering and its visibility in the prepaid space. This award recognizes the achievements and successes of the prepaid sector. The Prepaid Awards have grown both in the quality of submissions received and in the amount of industry professionals attending the event. The ‘Best Prepaid Service Provider’ award is sponsored by American Express.

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Standard Chartered Clearstream Cash Correspondent

Clearstream, the international central securities depository (ICSD) within Deutsche Börse Group, will appoint Standard Chartered Bank as a new cash correspondent bank in Hong Kong, for Hong Kong dollars and the Chinese Renminbi held outside mainland China. Clearstream opened its first office in the region in Hong Kong in 1990, has representative offices in Dubai (since 1995) and Tokyo (since 2007) and a branch in Singapore (since 2009), from which 20% of its revenues are generated.

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SmartSoft Instant Card Issuance Awarded ACT Canada Innovation

SmartSoft EMV based instant card issuance, Mobile/NFC, and EMV training and consultancy solutions to the global payment industry announced Everlink Payment Services Integrated Payment Solutions and Services received the prestigious Canadian Innovation Award from ACT Canada, an internationally recognized non-profit association and trusted knowledge resource in the payment and secure identity markets. The Everlink Instant Card Issuance solution is powered by software developed by SmartSoft and allows banks and credit unions to instantly issue EMV debit, credit or prepaid cards as well as PayWave and PayPass contactless cards.

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Visa Europe Launches Apprentice program

Visa Europe launched its Higher Apprenticeship program after recruiting 14 apprentices this summer for its 20 new apprenticeships. PDS Group IT and Telecoms apprenticeship consultancy, was selected by Visa Europe to help build its IT, Finance and Business Administration Apprenticeship programmes. PDS won the contract after providing an initial feasibility study. All but one of the 14 apprentices will join the TPS technology division to study for a Foundation Degree and a Level 4 Diploma to become ICT Professionals, whilst one will work in the Finance division and study for AAT and CIMA qualifications over a four-year period. Visa Europe has also introduced six Business Administration Apprentices who will join the teams in HR, Strategy, Corporate Communications, Relationship Management & Sales, Risk, Compliance & Corporate Services and Marketing, bringing the total apprentice intake to 20.

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INGENICO Inks Avis Europe Payment Service Contract

Ingenico payment solutions finalized a five year contract with Avis Europe car rental. Providing a fully managed payment service across its retail network, Ingenico ensures Avis Europe a fully managed service including approximately 3,000 iCT250 chip and PIN terminals, transaction management delivered through Ingenico’s Axis platform, helpdesk and hardware maintenance services at more than 1,000 of its retail locations. With this new system in place, Avis will become the first European car rental company to offer their customers a fully PCI DSS compliant chip and PIN solution, providing an enhanced, secure car rental payment experience. The roll out is scheduled to commence across mainland Europe at the beginning of 2012.

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Payday Express Advances its Card Fraud Protection

Payday Express Short term loan specialist has advanced its fraud protection with improved cardholder verification process, to help combat debit card crime and deter card not present (CNP) fraud. Payday Express has previously developed a number of checks to prevent and tackle CNP fraud and has strengthened these with the addition of a more stringent cardholder verification process, for cases where customers call in to pay with a different card to the one originally registered on their account. The aim is to ensure that the company’s exposure to CNP fraud is limited, which decreases the number of payments charged back to the business; and also to ensure that there is better protection for those who have been victims of card theft.

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