Bank of America Initiates 2011 Hurricane Support

The Bank of America Charitable Foundation announced a $250,000 commitment to support the American Red Cross Disaster Fund for the 2011 hurricane season. This is now underway with relief response to Hurricane Irene that impacted states from North Carolina to New England. In addition, the Bank of America Charitable Foundation will match employee donations to relief efforts through the bank’s Matching Gifts program.

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TRUSTONE FCU IMPLEMENTS FISERV PAYMENT

Fiserv financial services technology announced TruStone Financial Federal Credit Union implemented its “Acumen” account processing solution. This was thanks in most part to the advanced, open architecture of the solution, its ability to deliver efficiencies and automation, and the availability of a broad portfolio of integrated ancillary solutions. The stability of Fiserv, the largest provider of business-driven technology solutions for credit unions, also played a key role in their decision. TruStone Financial will also deploy 15 value-added solutions from Fiserv including Corillian Online(R) for online banking, ZashPay(R) for person-to-person payments, CheckFree(R) RXP(R) for bill pay, AccountCreate(SM) for online account opening, Mobiliti(TM) for mobile banking, ConvergeIT(R): IVR for audio response, Item Processing Solutions for check processing, Nautilus(R) for document imaging, AML Manager for managing risk, Prologue(TM) for accounting, Profit360(TM) for member relationship management, Next Multi-Channel Marketing for cross selling, LynxGate(R) for ATM management, WebLoan for online lending, WireXchange(R) for wire transfer processing, statement processing and risk and compliance solutions.

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SafeNet Awarded Compliance Certification from IdenTrust

SafeNet information security “eToken PRO,” “eToken PRO Anywhere” and “eToken NG-FLASH Anywhere” certificate-based authentication token devices completed compliance certification from IdenTrust trusted identity solutions and digital identity authentication. As financial services firms look to expand eBanking applications and services amidst a climate of ongoing risks and threats, they require solutions that can extend from verification of identities to layered protection for transaction security and digital signing, as well as back-end transaction validation and processing. The IdenTrust certification of SafeNet’s industry-leading certificate-based authentication solutions and HSMs now provides global financial institutions with interoperable, standards-based options required to build a complete identity and transaction protection strategy and ecosystem.

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US BANK DEPLOYS SECURE VAULT PAYMENT

U.S. Bank implemented Secure Vault Payments (SVP) online payment for the University of Wisconsin-Stout, Wisconsin’s Polytechnic University. With this, UW-Stout students and parents are able to initiate online tuition payments with SVP using a consumer online bank account at U.S. Bank or any Secure Vault Payment-enabled financial institution. Financial institutions authenticate the payer and immediately withdraw funds from the payer’s account and transfer funds to the school’s account the next business day.

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FIS to Present at Citi Technology Conference

FIS banking and payments technology is set to present at the Citi Technology Conference at the Hilton New York Hotel in New York. A live webcast will be available at the Investor Relations section of the FIS Web site at http://www.investor.fisglobal.com. FIS is dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. It employs more than 32,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions.

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VeriFone Initiates New Direct Sales and Service Strategy

VeriFone Systems announced a new direct distribution relationship for retailers, acquirers and processors in Germany, Italy, France, Spain, Austria and Switzerland. These organizations will now be able to obtain products, services, support and value-added solutions directly from VeriFone. This will allow ready access to multiple new and upcoming products and service offerings available directly from VeriFone. Previously, retailers in these countries were limited to the portfolios that local distributors chose to sell and support. Going forward retailers will benefit from a direct sales and support relationship with VeriFone. With its recent acquisition of Hypercom, VeriFone now fields a workforce of more than 500 direct sales, support and engineering personnel on the ground in these countries. This will let VeriFone to more broadly deliver advanced payment solutions through the VeriFone VX Evolution systems, consumer facing MX systems, Secure PumpPAY and emerging mobile and tablet based systems; Integrated e-commerce processing and payment page services; and VeriShield Total Protect, Secured by RSA for encryption and tokenization.

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Bank of America to Sell 13.1 Billion Shares in China Construction Bank

Bank of America Corporation agreed to sell approximately 13.1 billion common shares of China Construction Bank Corporation (CCB) in a private transaction with a group of investors, expected to generate approximately $8.3 billion in cash proceeds. After completion, Bank of America will hold approximately 5% of CCB and would remove the significant investment in financial institutions deduction from the company’s Tier 1 common capital under Basel III associated with this CCB stake.

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GlobalCollect Joins Demandware LINK to Offer Reatailers Pre-Built Integrations

GlobalCollect has joined Demandware LINK technology partner community committed to removing the hurdles retailers face when integrating front end eCommerce technologies into an enterprise class eCommerce solution. With this, GlobalCollect has developed a pre-built integration to the Demandware Commerce platform to ease the implementation process to access its global payment services platform within the Demandware environment. GlobalCollect provides Demandware’s retailers with easy and cost- effective access to all major international credit cards as well as eWallets, flanked by the value-added ability to do integrated fraud screening.

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DubLi Launches Customer Referral Program & Shopping Mall

MediaNet Group Technologies announced DubLi.com launched its Customer Referral Program and the DubLi Shopping Mall in Spain. This rewards V.I.P. Members for referring new customers who subscribe to the V.I.P. Member package. Existing DubLi V.I.P. Members can earn cash rewards that will be deposited directly into their DubLi Cash Organizer. All V.I.P. Member package holders are eligible to receive the DubLi-branded Debit Card to which they may deposit funds from their Cash Organizer. The DubLi Debit Card will be available in multiple currencies to better serve DubLi’s global customer base.

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FIRST UNITED BANK Implements BPC BANKING card management

Russia-based First United Bank chose BPC Banking Technologies Open System e-payment solutions for the global financial industry to deploy its card management system. For the Bank, the card management system implemented its “SmartIssuer” from its “SmartVista” suite for a flexible, scalable, comprehensive solution to manage its card products, focusing on the BPC card strategy including new credit and debit card products. The “SmartIssuer” solution will interface to the Bank’s Diasoft core banking system and the existing outsourced processing center. This allows Pervobank to create unique products designed to appeal to various customer demographics.

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