OKI Intros All-in-one Banknote Sorter with Banding Unit

OKI deployed its “CX330” banknote sorter for financial institutions in China. Exhibited at the China International Exhibition on Financial Banking Technology & Equipment 2011 (CIFTEE) to be held in Beijing from September 1, the compact “CX330” can sort the banknotes by the denomination as well as by fitness level and can band Chinese banknotes in a single machine. The product will be available from December 2011. The sharp increase in the number of installed ATMs and the expanding supply of banknotes has created growing need in China for the automation of banknote sorting at financial institutions, for which the “CX330” integrates sorting and banding unit.

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PaymentOne Partners Telefónica for Direct mPayment

PaymentOne, the pioneer in frictionless payment and carrier billing solutions, announced a direct carrier billing relationship with Telefónica Germany. Telefónica Germany is part of Telefónica SA, a leading provider of broadband and mobile services and the second largest carrier group in the world. The mpass system — driven by Telefónica Germany, Telekom and Vodafone — enables merchants to accept direct carrier billed payments for virtual, digital and physical goods. PaymentOne’s merchant customers can now offer Telefónica Germany subscribers the option to charge services up to 30 euros directly to their mobile phone carrier bill for one-time transactions, recurring subscriptions, in-app billing and Web billing.

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ING Belgium Implements Gemalto End-to-End Authentication

ING Belgium is deploying Gemalto’s Ezio end-to-end strong authentication solutions to deliver increased security to circa one million online banking customers. The Ezio solution builds on Gemalto’s strong authentication platform, security software and Ezio devices to deliver enhanced eBanking protection. Gemalto also provided a full set of complementary services including server integration, packaging and direct delivery of the Ezio Classic card readers to ING Belgium customers anywhere in the world.The Ezio Classic reader makes use of the smart banking cards that the ING customers already have, to easily generate a One-Time-Password for secure access to their bank account online as well as signing online transactions.

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INGENICO Provides GTBank Nigeria Fast Track Service

Ingenico payment solutions has implemented a Branch Banking solution to create a Fast Track Service lane in the banking halls of Guaranty Trust Bank (GTBank), Nigeria. This requires every customer to use their debit cards on Ingenico iPP350 PIN pad terminal for their cash withdrawal and deposit transactions. GTBank has put forth efforts to continuously improve its 3 million customers’ experience and partnered with Ingenico to deploy a Branch banking solution with 850 units of iPP350 PIN pad terminal across its 187 branches nation wide. Ingenico’s Branch Banking Solution carries out the customer’s debit card PIN validation online via the iPP350 PIN pad terminalTerminal Management System.

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Unemployment Stagnates as COF Rate Diminish

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Consumers are still using credit cautiously, as credit quality measures are still improving rapidly, charging less and increasingly paying down balances as card defaults registered the second largest monthly decline since 2005. This could have also to do with the fact consumers aren’t finding jobs very quickly either. A stagnating July…

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PCI Security Standards Council updates wireless guidelines

The PCI Security Standards Council open industry standards body providing management of the PCI DSS published an update to the PCI DSS Wireless Guidelines Information Supplement, providing organizations with the current PCI DSS considerations for implementing wireless technology securely in payments environments.
A product of collaboration with the Council’s Wireless Special Interest Group – comprised of more than 40 participants from POS vendors and network security companies to acquiring banks and large merchants – the wireless guidelines were first published in 2009 to help organizations understand how PCI DSS applies to wireless environments, how to limit the PCI DSS scope as it pertains to wireless and to provide practical methods and concepts for deployment of secure wireless in payment card transaction environments.

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Fiserv Introduces m-Banking, Alerting & Payments Platform

Fiserv financial services technology introduced the new Mobiliti mobile banking, alerting and payments suite. Mobiliti unites the functionality of Mobile Money from Fiserv and BankAnywhere from the recently acquired M-Com within a single product suite, and will replace both of those product brands. Mobiliti is available in multiple distinct versions tailored for use by financial institutions of varying sizes within both the United States and international markets. Mobiliti supports SMS (text messaging), mobile browser and downloadable applications for AndroidTM, iPhone and Blackberry.

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Green Dot Appoints New GM, Green Dot Cards

Green Dot prepaid financial services hired marketing and branding expert Eric Duehring general manager of the Green Dot-branded Card business unit. Duehring will oversee Green Dot-branded card sales, in retail and online, in addition to related Green Dot marketing activities to drive customer acquisition and retention and focus on optimizing the Green Dot brand presence at retail POS. Duehring brings to his new role more than 20 years of marketing and brand-building expertise with companies such as AOL/Time Warner, Microsoft Corporation, and Sara Lee Corporation. Most recently, Mr. Duehring held the position of senior vice president, global brand and general manager, U.S. consumer sales, at Rosetta Stone.

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X-Cart and CRE Eliminate eCommerce PCI Compliance Scope

X-Cart eCommerce solutions and CRE Secure cloud-based secure payment solution for merchants forged an alliance to offer CRE Secure’s hosted payment page technology to X-Cart eCommerce merchants through a fully integrated X-Cart module. X-Cart’s eCommerce platform is deployed by thousands of online merchants in more than 100 countries while CRE Secure’s patent-pending HTML Clone technology allows merchant payment pages to be generated on-demand, delivering a seamless experience to the shopper and eliminating the X-Cart platform from the scope of PCI. The PCI DSS requirements for X-Cart merchants that use the CRE Secure integrated shopping cart module can be reduced from the highest levels – Level C or D, which requires a third party auditor for validation, to the lowest, least costly level to maintain compliance – Level A.

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Merchant Warehouse Payment Processing Appoints VPs

Merchant Warehouse secure payment processing and merchant account services announced key hires to its Executive Management Team. This includes Brian Graham, executive VP of sales and David McSweeney, VP, merchant experience. As Merchant Warehouse continues to experience rapid growth in its customer and partner acquisition, its latest additions strengthen the company’s leadership in payment processing. Brian Graham joins Merchant Warehouse with over 25 years of experience in sales and business development, most recently as the senior sales leader at Hewett Associates. David McSweeney brings 20 years of experience in customer service to Merchant Warehouse, most recently as the vice president of merchant processing at Cross Country Automotive, where he was successful in identifying consumers’ needs and wants to enhance the customer experience.

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First Data Enlists Trusteer For Online Banking Security Compliance

Trusteer secure web access services announced First Data will make Trusteer Rapport and Trusteer Pinpoint available with the First Data Internet Banking solutions and will refer Trusteer to its financial institution clients as a preferred solution provider for risk mitigation and to help enhance financial institution compliance with the new FFIEC guidance on Internet banking security. Trusteer Rapport and Trusteer Pinpoint will help to protect Internet banking sessions from sophisticated Trojans like Zeus, SpyEye, Torpig, and Tatanga that can hijack a user’s browser to commit fraud. Trusteer is currently used by more than 150 leading financial organizations and enterprises in North America and Europe, and tens of millions of end users to protect their online banking, shopping and other communication against sophisticated malware attacks and fraud.

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Datacard adds card issuer security features

Datacard Group launched several new software and hardware security enhancements designed to help financial card issuers comply with security audits. The new solutions are all configured for the Datacard MX Series card issuance systems, include a software security patch management service, a full suite of Identity Access Management (IAM) features, and other options to increase physical security. Datacard’s patch validation and management software service tests all relevant security patches from Microsoft before they are deployed to the field. The systems will support security requirements with no interruption or slowing of the card production process. Datacard “MX Series” card issuance systems will now be shipped pre-configured with the recommended security settings, according to the company.

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