TSYS Announces Journal Online and Editorial Board

TSYS announced the redesign and new online format for n>genuity journal (www.ngenuityjournal.com), the thought leadership journal of the global payments industry published by TSYS for executive level and other payments industry professionals. The site provides new user-friendly features, a crisp, modern design and intuitive navigation and sorting features. In addition to becoming a more sustainable publication, the paperless format will result in more frequent publishing of payments news, commentary and all-new research from leading experts in the industry.

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BluePay Offers Advanced POS Card Processing

BluePay retail credit card processing solutions include advanced POS systems, credit card terminals and software for accepting multiple types of payments quickly and safely. BluePay’s retail credit card processing services allow merchants to authorize credit cards seamlessly with advanced POS systems such as Aldelo, Micros, Aloha and Squirrel. BluePay can even integrate retail payment processes with merchants’ existing accounting software for simplified, accurate reporting. Other payment solutions from BluePay include virtual terminals, mobile and wireless capabilities, secure hosted payment forms, and e-commerce processing. BluePay is a one-source solution for merchant account needs in compliance with PCI standards.

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Ping An Bank Implements Fiserv Funds Transfer

Fiserv announced Ping An Bank has implemented the Fiserv solution for asset/liability management, liquidity management and funds transfer pricing. Ping An Bank required a bank-wide daily liquidity and interest-rate risk management solution that would also handle its regulatory reporting. In addition, the bank chose to replace its in-house funds transfer pricing solution, which lacked key functionality such as forward funds transfer pricing projection and analysis.

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Payment Data Sees Record ACH Processing Month

Payment Data Systems electronic payments solutions provider announced that August 2011 set a record for transactions processed by the company. August’s ACH (electronic check) processing volumes were up 64% and ACH returned check transactions were up 50% compared to July of 2011. Credit card processing volumes for August were also the highest of any month in the previous three years. Credit cards dollars processed during the month were up 8% over July of 2011 and up 79% over August of 2010.

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Adyen Integrates Moneris Solutions

Adyen payment processing integrated with Moneris credit and debit card processor and acquirer, giving customers of both companies a single point-of-entry to a global suite of credit, debit and local payment methods. According to the North America B2C e-commerce report 2010, the number of Internet users in the United States is estimated to reach 205 million in 2010 (accounting for 66% of the population). The older Canadian population is the fastest growing segment of online users. By leveraging the strengths of each other, merchants of both Adyen and Moneris will be able to offer the relevant payment methods to the desired customer base increasing the probability of an on-line conversion.

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Trunkbow Extends Partnership with China Unicom

Trunkbow International Holdings Limited, a leading provider of Mobile Payment Solutions (“MPS”) and Mobile Value Added Solutions (“MVAS”) in China, announced that it has extended its MPS cooperation with China Unicom through the deployment of its terminal-based MPS platform in Hubei Province, bringing the Company’s total MPS installed base to 23 provinces through China Unicom and China Telecom. This platform will be used for both payment processing and employee and student identification, with Trunkbow to receive revenue based on a percentage of each user’s monthly phone bill. This platform will allow China Unicom’s 7.2 million subscribers in Hubei province to make purchases at retail locations using their mobile phones at the point-of-sale, and will function as a convenient, secure electronic identification card for students and employees at schools and other locations using the technology.

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Monitise Granted Mobile Commerce Patent

Monitise mobile banking, payments and commerce networks worldwide has been granted a patent for their secure mobile/internet shopping solution. The UK patent relates to how Monitise can generate ‘virtual card details’ on the mobile phone to enable a consumer to shop in a secure and convenient way without them having to divulge data from their credit or debit cards such as personal account numbers, card expiry dates and security codes. The consumer chooses which account to use as the funding account for the virtual card. Monitise UK provides services to banks covering more than 55% of the UK retail banking market and works to help banks and financial institutions to defend and extend their role at the centre of the mobile payments infrastructure.

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Wincor Nixdorf launches New Web Extensions

Wincor Nixdorf is presenting its ProTopas/Web-Extensions 2.0 software, which enables a flexible and uncomplicated design of intuitive user interfaces and supports a variety of innovative options for self-service touch applications. Wincor Nixdorf introduced Web-Extensions as early as 1996, thus becoming a pioneer in the use of Web technologies on self-service systems. Today, Wincor Nixdorf’s Web-Extensions are found on more than 100,000 systems worldwide. ProTopas/Web-Extensions 2.0 enables designers to create new interfaces using standard image editing programs such as Photoshop and import them in design tools such as Microsoft Expression Blend.

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CPS Allows eCommerce Merchants to Accept China UnionPay Cards

China Payment Services (CPS) released a new international Renminbi online payment service a week out from being a sponsor at eTail China, an international eCommerce conference being held in Shanghai from September 20 – 21. CPS now allows merchants to securely and reliably accept online payments in China, from China UnionPay cardholders. China Payment Services (CPS) is a wholly owned subsidiary of the Payment Network International group of companies and is an official business partner and reseller of ChinaPay, a subsidiary of China UnionPay.

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Revolving Credit Drops 5-1/4% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Of the total $2.45 trillion in outstanding US consumer debt, total outstanding revolving credit dropped in July from $795.9 billion to total $792.5 billion, the first drop in 2 months. This compares to the June figure of 795.9 and is consistent with trends over the past 2 and half years showing…

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VeriFone Expands Internationally Through Hypercom Legacy

VeriFone has integrated Hypercom international distributors into the VeriFone International Partner (VIP) program, giving distributors access to support resources and a wide array of technology to enhance their ability to deliver the latest payment solutions to their markets. Having completed the Hypercom acquisition August 4, Verifone is now aggressively welcoming Hypercom’s international distributors into the VIP program and work with them to accelerate international growth, increase innovation and build value. VeriFone has revealed plans to grow and enhance all major product lines that existed prior to completing the acquisition and bolster them with the strong VeriFone global brand identity. The VIP program offers Hypercom distributors a wide range of services including in-depth product and sales training and web-based access to exclusive strategic, product and technology information.

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mPay & MasterCard Forge Payments Agreement

mPay Gateway signed agreements with MasterCard Worldwide to expand MasterCard acceptance through support of mPay Gateway POS. mPay Gateway’s point-of-care patient payment software calculates what the patient owes, authorizes payment at the time of service, and automatically collects the outstanding patient obligation after the insurer has settled the claim, eliminating the expensive and laborious statement process. mPay Gateway makes it simple for healthcare providers to accept card payments as a standard operating procedure. The company’s software also helps healthcare providers improve cash flow through faster receipt of funds while offering their patients an easy, convenient and secure way to pay for services.

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