B2B Soft Helps Metro PCS Customer Service

Metro PCS gave its dealers a pat on the back for an auspicious start to 2011 with a Dealer Appreciation Evening at Caesar’s Hotel and Casino in Atlantic City, NJ. As the company continues its 4GLTE service rollout across the nation, it’s seen a 28% increase in its subscriber base for the first quarter of 2011 vs. 2010, and a 21% increase over the preceding twelve month period. Its Wireless for All philosophy, with unlimited talk, text and web, with all-in pricing seems to be ringing loudly with consumers. Metro PCS dealers lauded B2B Soft’s “Wireless Standard” Retail Management Platform for being an instrumental part of some of that success.

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Element Payment and ThoughtKey Release White Paper

Element Payment Services PCI compliant payment processing and ThoughtKey PCI-focused consulting firm released the “Point-to-Point Encryption (P2PE): Reduce PCI Scope, Protect Cardholder Data and Preserve Profit” white paper. The white paper compares the benefits and pitfalls of relying solely on payment network segmentation to the robust option of point-to-point encryption (P2PE) coupled with tokenization in a highly secured hosted environment. The informative document will help merchants and independent software vendors (ISVs) address the challenges of achieving and maintaining PCI compliance. By eliminating cardholder data from a merchant’s environment, which in turn removes the payment network as a target, merchants significantly reduce the risk, cost, liability and the burden of achieving and maintaining PCI compliance.

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Sallie Mae’s Upromise Launches College Savings Program

Sallie Mae’s Upromise service launched a local program offering cash back for college at hundreds of independent local merchants around the country. Cash back is available every day at spas, restaurants, shoe stores, book stores, clothing retailers, specialty stores and more. Upromise continues to offer the nation’s largest network of places to earn cash for college with 54,000 restaurants, retail locations and service providers nationwide. Upromise members have long enjoyed rewards by shopping Barnes & Noble online, and now Upromise by Sallie Mae offers the convenience of in-store shopping at the hundreds of Barnes & Noble local retail stores nationwide. Local college savings can be scouted on the go with the free Upromise mobile app available on iPhone, iPod touch and Android smartphones, or planners can plot out purchases and dining destinations on a desktop.

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Mako Networks Appliance Awarded Security Certification

Mako Networks network management company received certification from ICSA Labs for its “Mako 6500” network appliance. This recognition comes after a comprehensive battery of tests performed on a “Mako 6500” unit sent for evaluation, checking for overall security, user administration and resilience against intrusion attempts. Mako Networks appliances allow small businesses to deploy firewalls to protect their computer networks and assist companies to comply with PCI DSS, for which it is the only certified network management company.

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MobilePayUSA Launches Private Beta Without NFC

Private beta-testing of the MobilePayUSA, non-NFC mobile payment solution has begun at a local Tutti Frutti Frozen Yogurt. Instead of waiting for NFC technology to become viable, Tutti Frutti is using the Virtual Terminal offered by MobilePayUSA for PC-based POS systems. MobilePayUSA does not use RFID chips embedded in smart phones that hold credit card numbers in order to process payments. Credit information is never stored on the phone or shared with the merchant with MobilePayUSA.

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Bayern Card-Services Implements FICO Fraud Prevention

FICO predictive analytics and decision management technology was chosen to provide analytics-based fraud protection through Bayern Card-Services with its “Falcon Fraud Manager.” With a credit card network consisting of over 5.7 million cards, BCS credit card processor is now allowed to more efficiently execute transaction evaluations to determine fraud risk. The integration of the FICO Falcon score into the business rules management system increases the precision and accuracy of fraud detection, and at the same time reduces the administration efforts for BCS, especially focused on fewer “false positive” false classifications, and faster identification of new fraud schemes.

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MoneyGram Renews Canada Post Disbursement Agreement

MoneyGram International successfully renewed its agreement with Canada Post, the largest retail network in the country, and added bill payment services to its suite of product offerings. MoneyGram will continue to provide money transfer services at over 6,200 post office and postal outlet locations throughout Canada. Since 2002, Canada Post has offered core MoneyGram services at its post office and retail locations. The new contract now adds the emergency and next day bill payment service and coincides with MoneyGram’s growth strategy which includes aligning with post offices, providing consumer with convenient access to reliable and affordable money transfer service close to where they live and work.

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VeriFone Helps London Clean-Air Taxi Initiative

VeriFone Systems and Black Horse Taxi Finance are offering drivers black taxis a GBP3,000 financial incentive to trade in their old models for newer, low-emission vehicles that comply with age limits. This in response to the mayor of London having launched In December 2010 the air quality strategy that outlined a range of measures to improve air quality and reduce transport related emissions, including a 15-year age limit for licensed London taxis. VeriFone and Black Horse Taxi Finance are offering the incentive to reduce the financial impact for drivers who trade up to newer, less polluting vehicles through the Islington retail outlet of The London Taxi Company, the UK’s top retailer of London’s iconic black taxi and an agent and installer of VeriFone’s card payment solution. The offer only goes to the first 200 sales of new Euro 4 – TX4 Style or Elegance London Taxis, when a Fairway, TX1 or Metrocab is offered in part exchange that is “S-reg” or older.

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Directcash Payments Announces Regular Cash Dividend

DirectCash Payments ATM provider announced a cash dividend of $0.115 (11.5 cents) per share for the month of July, 2011. The dividend will be paid on August 31, 2011, to shareholders of record on July 29, 2011. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). The Company’s policy is to pay dividends on or about the last day of each month to shareholders of record on the last business day of the preceding month.

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Britons turn to credit cards 21 days after payday

It appears that Britons are likely to run out of cash and need to add to their credit card debts around 21 days after they have been paid. About 25% of UK consumers turn to their credit cards once their current accounts have run dry, according to Moneysupermarket.com. Moreover, one in ten turns to their plastic within 15 days of being paid. The Welsh are reportedly quickest to add to credit card debt, turning to their cards around ten days after payday, whereas the east of England holds out 27 days on average.

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Consumer Spending Growth Way up in 2Q/11

Moneris Solutions (Moneris) credit and debit card processor announced that the Canadian retail economy saw a positive results across the country in consumer spending, with an overall increase of 3.80% compared to the same period last year. With the largest growth of 5.06% seen in June followed by 4.38% in May and 2.42% in April, spending in the fast food sector saw the greatest increase of 11.25 per cent in dollars spent. Apparel was the runner-up category, with men’s and women’s clothing, and sports apparel realizing 11.10 per cent and 6.33 per cent increase, respectively. Across all categories, the average purchase amount for both credit and debit card remained constant compared to the previous quarter at $115.67 and $48.00, respectively.

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ValidSoft CEO Interviewed by CEOLive

On CEOLive, ValidSoft CEO Patrick Carroll touted the company’s “privacy by design” features as positioning the company well to respond to worldwide concerns over fraud and privacy. Carroll also pointed out that the growth of NFC and “tap and go” payments using cell phones rather than credit cards would lead to a five-fold increase in electronic transaction volumes and favors ValidSoft’s multi-factor authentication approach to fraud prevention. ValidSoft’s Card Fraud prevention and detection authentication, designed to take place in 400 milliseconds, includes “something you have” (a mobile phone) coupled with “somewhere you are (or not).” ValidSoft’s fraud prevention solutions are attractive due to the fact that their privacy considerations are “built-in, by design” and help protect against the most sophisticated security attacks by being globally organized, multi-layered, and effective 24 hours a day/7 days a week, while remaining invisible to users.

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