telco Telia Deploys Accumulate m-payments

Accumulate’s mobile security platform “Mobile Everywhere” (ME) is used for securing all mobile transactions and for the enabling of mobile services as a integrated part of the PayEx mobile payment solutions and its Telia branded mobile payment service. With this, the “SMS Premium” solution provided by Accumulate allows payments for ticketing, music and purchase of goods in vending machines and person-to-person money transfer. It can allow more payment options and other mobile services, and this without having the end user to re-download, re-install and reactivate their mobile application. It gives users access to mobile payments; mobile banking; ticketing, coupons, loyalty and membership points; and online card transactions.

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Reserve Bank of Australia Initiates Payment Innovation Consultation

The Reserve Bank of Australia is launching the formal consultation phase of its Strategic Review of Innovation in the Payments System to identify areas in which innovation in the Australian payments system may be improved through more effective co-operation between stakeholders and regulators. It is taking a medium-term perspective, looking at trends and developments overseas in payment systems and at possible gaps in the Australian payments system that might need to be filled through innovation over the next five to ten years. The Bank has since been gathering preliminary input through informal discussions with a wide range of interested parties, conducted a survey of consumer payment patterns and is participating in an international study of retail payments innovation being undertaken by the Bank for International Settlements.

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Clearstream signs first to implement cross-border settlement

Clearstream has signed the first customer who will explore the full potential of its Cross Border Services (XBS) offering, the first pan-European cross-border settlement solution in central bank money. The XBS service suite was expanded from over-the-counter (OTC) settlement to the settlement of trades from selected stock exchanges. biw Bank für Investments und Wertpapiere AG is now a market maker at Wiener Börse AG using Clearstream Banking Frankfurt (CBF), the German central securities depository (CSD), as settlement agent. More than 80 Clearstream customers around Europe already use components of the XBS service. In line with customer demand, the initial focus of the XBS offering is on selected international markets that represent roughly 70% of the European cross-border settlement flows.

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Borsa Italiana appoints new board

The Shareholder Meeting of Borsa Italiana has appointed the new Board of Directors for the period 2011-2014 which is composed of Nicolas Bertrand, Gian Luca Bolengo, Janet Cohen, Alessandro Decio, Alessandro Di Michele, Carmine Di Noia, Raffaele Jerusalmi, Marina Forquet Famiglietti, Massimo Mocio, Pietro Sella, Antoine Shagoury, Massimo Tononi. The Shareholder Meeting of Borsa Italiana has also appointed the Board of Auditors composed of Roberto Ruozi (Chairman), Giuseppe Levi and Mauro Coazzoli (Active Statutory Auditors), Arturo Sanguinetti and Nicola Frangi (Substitute Statutory Auditors). Later the Board of Directors of Borsa Italiana appointed Massimo Tononi1 Chairman of the Company and confirmed Janet Cohen Vice President and Raffele Jerusalmi CEO. The Board of Directors of Borsa Italiana has appointed a new Nomination Committee, composed of Janet Cohen, Pietro Sella e Massimo Tononi. And a new Consultation Committee composed of Giorgio Basile, Giampio Bracchi, Fabio Galli, Lucrezia Geraci, Gianluca Gugliotta, Giovanni Sabatini.

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Javelin Awards Top Identity Fraud-Preventing Card Issuers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In the wake of the Citi card breach-wherein about 3,400 accounts were accessed and $2.7 million was stolen- there are some revealing new findings out on the top 23 card issuers. Ranking these card issuers on its “Prevention, Detection and Resolution” fraud model, Javelin made available its “Seventh Annual Card Issuer’s…

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AmEx Offers Facebook Ads for Membership Rewards Points

American Express is now allowing Cardmembers to pay for Facebook Ads using Membership Rewards points, marking the first time any company has connected a rewards program to advertising spend in this way. American Express’ industry-leading Membership Rewards program is a featured benefit used by millions of American Express small business and consumer Cardmembers. Facebook is the most popular social media site for small business owners,1 and Facebook’s advertising platform reaches more than 500 million people globally. With the addition of Membership Rewards points as a payment option, business owners now have a powerful new way to build their businesses through the rapidly growing area of social media advertising.

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Inside Secure and ZTE Deploy mobile NFC

Inside Secure semiconductor solutions for secure transactions has expanded its partnership with ZTE Corporation to integrate Inside’s NFC technology into ZTE’s GSM and next-generation TD-SCDMA smartphone platform, which is based on the Android OS. The NFC solution INSIDE and ZTE is based on the INSIDE “MicroRead” NFC controller and the companion “Open NFC” protocol stack. It will enable consumers in China and elsewhere to use ZTE 3G smartphones for a broad range of secure NFC applications, including payments, transportation, loyalty, ticketing and access control.

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Global Blue Deploys Hypercom Payment Solutions

Hypercom partnered to market Global Blue’s “OneInterface” payment integration tool and Hypercom’s payment systems to retailers around the world. The Global Blue “OneInterface” systems integration tool streamlines and simplifies the way in which retail POS business systems connect to payment devices, such as those offered by Hypercom. It ultimately relieves POS business system of payment-related responsibilities such as device and estate management, processor and gateway communication, and most importantly PCI scope. Devices such as the Hypercom Optimum T4220 receive smart commands from the “OneInterface” app and send authorization and settlement messages directly to the processor or bank.

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gotoBilling Joins Secure Vault Payments Network

gotoBilling announced they will join the Secure Vault Payments network and offer Secure Vault Payments through their resale partners to businesses throughout the United States in July. Secure Vault Payments is a safe, secure and private online payment network developed by NACHA ” The Electronic Payments Association® and eWise, a payments and online financial management solutions provider. The Secure Vault Payments (SVP) network links consumers, financial institutions, merchants and billers, providing value to all stakeholders in the payment chain. It gives financial institutions the only online payment option that provides real-time authorization of funds and guaranteed payments for ACH transactions at costs typically lower than traditional and other alternative payment methods.

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Jack Henry ships tablet deposit scanner

Jack Henry & Associates computer systems and electronic payment solutions primarily for financial services organizations, introduced Remote Deposit Anywhere, a mobile, tablet device, and flatbed scanner remote deposit capture solution provided by its ProfitStars division as part of its Enterprise Payment Solutions platform. This ASP solution enables financial institutions to offer retail and small business customers the option to deposit checks from a compatible smartphone, camera-enabled tablet device, or flatbed scanner. Remote Deposit Anywhere will help banks and credit unions retain and attract new customers and members by expanding the available deposit channels.

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PayCommerce Announces Processor-Agnostic Gateway Services

PayCommerce announced a processor-agnostic gateway platform that empowers ISOs to deliver cloud-based, integrated payment services to existing and future customers without having to change existing processors and with which they can add on multiple new processors using a single point of integration. The PayCommerce PCI DSS Level 1 – validated payments platform provides a single source for all customer billing and payment activity and access to multiple processors and payment types, fraud management, Level 3 data, and mobile payment solutions. Processors currently supported or being integrated within the next 60 days include: Chase Paymentech, TSYS, Elavon, Global Payments, WorldPay, and First Data.

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Regions to Offer Western Union Global Money Transfer and Payment Services

Regions Bank and Western Union payment services forged out agreement to offer the Western Union global money transfer service and the Western Union expedited bill pay service across 1,700 Regions Bank locations in the U.S. Through the bank’s agreement with Western Union, Regions Bank accountholders and walk-in consumers will have the ability to send and receive domestic or international money transfers and make same-day payments conveniently and quickly to members of Western Union’s growing Biller network. The services will be available later this year at Regions Bank branches in the 16 states the bank serves. Plans also include offering Western Union online services to Regions Bank online customers.

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