Paysafecard buys Wallie Payment Services

Paysafecard.com acquired 100% of the shares of payment provider Wallie Holding International Payment Services, giving increased footing in prepaid payment market. Wallie is currently live in eleven countries in Europe with their ‘Wallie’-branded prepaid solution. The Company enables cash payments online through the use of a PIN, exclusively for merchants in the online games industry. This marks the first time paysafecard.com Wertkarten AG has expanded through acquisition, which has more than 350,000 points of sale and more than 3,500 accepting merchants worldwide.

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Burgan Bank Achieves PCI-DSS Compliance

Burgan Bank has completed PCI DSS compliance, having received PCI DSS version 2.0 certification from the global PCI Security Standards Council. This affirms Burgan Bank’s adherence to international security standards which aim at protecting banking cards’ information while recognizing data security methods that the bank applies to protect and safeguard customer information as well as preventing credit card fraud. Burgan Bank’s PCI Data Security Standard compliance was audited by ControlCase, a specialized auditor that is approved by the PCI Standards council.

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Earthport Introduces POS Solution

Earthport global payments utility has introduced its ‘epXchange’ web-based POS service to deliver “desk-top” payment for retail clients. This offers immediate access for Earthport clients to a cross-border payments service, removing the time and costs normally associated with a product implementation or in-house development. New clients implementing the software include Al Fardan Exchange and Al Samhouri Exchange.

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FBC Bank Implements ElectraCard Card Processing

ElectraCard Services (ECS) software solutions for electronic payment systems signed an agreement with FBC Bank to provide an end to end processing for its MasterCard debit and prepaid cards. With this, FBC Bank will be the first domestic bank to issue MasterCard® debit and prepaid card in Zimbabwe, since the introduction of multi-currencies. ECS is a preferred processor for Prepaid for MasterCard in whole of Africa, Middle East and Asia-Pacific and will handle complete processing of the debit and prepaid cards right from applications, card and accounts, transactions, billing, statements, payment and dispute resolution.

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PCI Security Standards Council Exceeds 100 Euro-Members

The PCI Security Standards Council (PCI SSC) announced more than 100 European companies are now PCI Participating Organizations. The Council is made up of more than 600 global Participating Organizations (POs) worldwide. Continual global involvement not only benefits stakeholder organizations but also the larger payment security community, by ensuring the diverse and unique industry and geographic perspectives of those across the payment chain are represented in the work of the Council. European participation – including merchants, financial institutions and processors from around the continent – has been a key factor in the Council’s analysis and guidance on technologies in the payment environment, such as call center recording technologies and EMV, as well as the development of critical resources like the Prioritized Approach framework.

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City of Guelph Implements ForeScout PCI-DSS Compliance

The city of Guelph, Ontario has selected the ForeScout “CounterACT” platform to help achieve continued PCI-DSS compliance and implements a secure means for employees and contractors to use their personal mobile devices. Before implementing ForeScout “CounterACT,” compliance reporting had been more difficult for the City of Guelph. In order to meet PCI-DSS compliance, they needed to run internal assessments costing them both time and money. ForeScout simplified this process by using one interface that delivers the status and security posture of every device on the network in real-time. Conexsys, a ForeScout Gold Certified Partner, expedited assessment and implementation of the CounterACT solution.

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AmEx OPEN Launches Double Rewards Offering

American Express OPEN launched its “Business Gold Rewards Card,” offering double points for all spending on online marketing. With small businesses rapidly moving marketing dollars online, American Express is offering richer and more innovative ways to help them get more out of their investments. American Express’ Rewards programs, including the industry-leading Membership Rewards, are a featured benefit used by millions of American Express Cardmembers. The new card gives 3X points on airfare; 2X points on advertising, gas and shipping; and 1X points on everything else. The Marketing Suite includes “YourBuzz,” to help small businesses manage their online presence, learn what is being said about them and their competitors, and connect with customers in the places where they are most vocal”social media, “AdManager” for helping small businesses create, target and measure the results of their online advertising campaigns, and “SearchManager” online solution for managing paid search campaigns across all major search ad networks.

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Fiserv Enhances Platform for U.S. Banks

Fiserv enhanced its “Signature” bank platform for large to mid-tier U.S. financial institutions to provide solutions for banks to generate new sources of revenue and improve efficiency. With this, Commercial Lending in Signature 11.1 has expanded revenue generation capabilities at the commitment and origination level with new fee options. Also, Signature 11.1 introduces Single Customer View for Signature, a value-added banking service which utilizes service-oriented architecture (SOA) to integrate applications, streamline business processes and align IT. This enables financial institutions to achieve a consolidated view, at a summary level, of all customer accounts within a financial institution. Single Customer View is a key differentiator for financial institutions looking to provide a superior customer experience. Additionally, there is improved convenience for Fiserv-managed cardholder applications and data via Signature and Aperio from Fiserv and a new browser-based user interface (UI), with user-friendly Web page feel and adds significant value to users in terms of training, usability, security and product stability.

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GlobalCollect Appoints New GM, North America

Doug Lambert joined GlobalCollect, General Manager North America to oversee all commercial aspects, cross functional staff matters, and operational business activities across the North American region. Bringing with him 20-years’ experience, Lambert joins GlobalCollect from Bank of America where he was most recently Senior Vice President & National Sales Executive.

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Retail Decisions Wins Patent Dispute

Retail Decisions (ReD) payment fraud prevention and payment processing has been granted by the United States Court of Appeals for the Federal Circuit’s (“Federal Circuit”) affirmation of the Northern District of California’s its motion for summary judgment in its long-standing patent litigation with CyberSource Corp. This in response to CyberSource having alleged the ReD “Shield” fraud detection product offered by ReD infringed the ‘154 patent. The patent relates to processes for detecting fraud in credit card transactions while the decision was reached based on unpatentable abstract ideas.

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Fico Releases Improved Predictive Platform

Fico released its “Model Builder 7.2,” allowing analytic developers to rapidly discover, design and deploy predictive analytics for high-volume decisions. This includes new capabilities to develop and deploy optimised suites of segmented ensemble models. These advancements enable companies to improve the productivity of analytic staff, make more profitable decisions based on more precise risk estimates and ultimately shorten time to value and increase return on investment. The FICO “Model Builder 7.2” automates the discovery of optimal segmentation schemes and accelerating the refinement of subpopulation models to compare different ways of segmenting the population. It features a revamped segmentation discovery algorithm that improves runtime, scalability and accuracy, while giving analysts unprecedented control to manage and direct their search for the most powerful segmentation scheme.

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