Crédit Foncier de France to Deploy Logica Payment

Crédit Foncier de France (CFF) has implemented the Logica “All Payments Solution” (LAPS), which helps CFF attain SEPA reachability and provides long term scalability for its evolving payment needs. This allows for the delivery of incoming SEPA Direct Debits (SDDs) for CFF and fully automates SEPA Credit Transfers (SCT) for Compagnie de Financement Foncier, a subsidiary of CFF. CFF decided that it needed a flexible payment system, for which it chose Logica due to its ability to deploy LAPS in less than three months with minimal risk, deliver a cost-effective ‘pay-as-you-grow’ license model and its proven success and strong customer references.

Details

ClickandBuy Appoints New CEO

Peter Vesco will replace Charles Fränkl as ClickandBuy’s new CEO. Bringing with him expertise gained as President and Managing Director for Northern Europe at Hypercom, Vesco has many years’ experience in the payment market. He was also CEO of GSA (Germany-Switzerland-Austria) and Italian operations at FirstData and COO of GSA and Italian operations at Atos Worldline With this, Frank Stoffer will assume the position of CFO and Managing Director of ClickandBuy Holding GmbH in addition to his current management activities at CBS GmbH, bringing with him many years of experience in the finance area of Deutsche Telekom.

Details

China Economic Index Up .2%

The Conference Board Leading Economic Index (LEI) for China increased 0.2 percent in April to 154.5 (2004 = 100), following a 0.9 percent increase in March and a 0.1 percent decline in February. Two of the six components contributed positively to the index in April. The Conference Board Coincident Economic Index®(CEI) for China, which measures current economic activity, increased 1.3 percent in April to 201.8 (2004 = 100), following a 1.3 percent increase in March and a 0.6 percent increase in February. All five components contributed positively to the index in April. The Conference Board LEI for China aggregates six economic indicators that measure economic activity in China. Each of the LEI components has proven accurate on its own. Aggregating individual indicators into a composite index filters out so-called “noise” to show underlying trends more clearly.

Details

Spain LEI Down in April

The Conference Board LEI for Spain declined in April for a six-month change in the index to now stand at -0.6 percent (about a -1.3 percent annual rate) in the period ending April 2011, down from -0.4 percent (about a -0.7 percent annual rate) during the previous six months. In addition, the weaknesses among the leading indicators have been widespread in recent months. The Conference Board CEI for Spain, a measure of current economic activity, remained unchanged in April, following a slight increase in March. Between October 2010 and April 2011, the coincident economic index increased 0.3 percent (about a 0.6 percent annual rate), a reversal from the decline of 0.7 percent (about a -1.4 percent annual rate) between April and October 2010. Meanwhile, real GDP increased at a 1.2 percent annual rate in the first quarter of 2011, following an increase of 0.9 percent annual rate in the final quarter of 2010.

Details

BMO Launches Mobile alerts Platform

BMO Bank of Montreal announced the launch of “BMO Alerts,” the latest addition to BMO’s suite of online and mobile banking tools designed to help Canadians stay on top of their day-to-day finances. With this, BMO offers free, integrated mobile alerts across all mobile platforms and delivered via email, text message (SMS) and iPhone ‘push’ notification. The “BMO Alerts” allows customers to customize their notifications based on personalized account settings with Account Balance Alerts; Withdrawal Alerts; Deposits Alerts; and Debit Card Security Alert. This introduction is part of BMO’s ongoing commitment to ‘Making Money Make Sense’ campaign, whereby BMO has introduced various tools since 2009 to help Canadians’ personal finances

Details

Citi Issues Letter on Credit Card Compromise

In a letter to their customers and shareholders, Citi disclosed details on its recent credit card division security breach. In it, the Bank disclosed it took immediate action to rectify the situation and protect any customers potentially at risk as soon as it was discovered, none of those impacted are liable for any fraud on the account, and every decision made throughout this process was in the best interest of its customers. While Citi Cards’ Account Online system was compromised, the main cards processing system was not. Other Citi consumer banking online systems were not accessed or compromised. Of the one percent of US credit cardholders’ accounts effected, the majority of which were identified within seven days of discovery, the full extent of information accessed on 360,083 accounts has been confirmed. Of these, 217,657 accounts were reissued credit cards along with a notification letter. However, data that is critical to commit fraud was not compromised: the customers’ social security number, date of birth, card expiration date and card security code (CVV). Subsequently, Citi implemented enhanced procedures to prevent a recurrence of this type of event and notified law enforcement and government officials.

Details

Android & Starbucks extends mobile payment offering

Starbucks launched its “Starbucks for Android” app, providing more consumers access to the fastest way to pay and other features to manage their Starbucks Card on-the-go. Coincidentally, the company announced Safeway supermarkets plan to rollout mobile payment in July at nearly 1,000 Starbucks in Safeway supermarkets across the United States. The “Starbucks for Android” app is available through Android Market for Android phones running 2.1 or above and follows the successful rollout of Starbucks Card Mobile Apps on other platforms. It ultimately allows users to pay with their phone; manage card account; reload card balance; check “My Starbucks Rewards” status; and find nearby Starbucks stores.

Details

LSN Mobile Partners with First Data to Deliver Mobile Discounts

LSN Mobile mobile news network partnered with First Data electronic commerce and payment processing to introduce their “My Mobile Offer” mobile offer program. Giving advertisers and retailers an efficient, cost-effective and trackable mobile marketing solution to boost store traffic, “My Mobile Offer” leverages Short Message Service (SMS), mobile advertising and traditional marketing and capitalizes on the popularity and increasing usage of personalized offers and discounts, allowing brands to take advantage of the power of mobile marketing. Once consumers opt-in to redeem an offer, “My Mobile Offer” sends a unique code to their mobile device on SMS for redemption at checkout. It uses First Data’s Mobile Voucher (mVoucher) solution for redemption, enabling a retailer’s existing POS infrastructure to handle the redemption of the unique codes with no hardware to install or technology to download.

Details

SPVA Releases Post Manufacturing Payment Device Requirements

The Secure POS Vendor Alliance (SPVA) non-profit business organization founded by Hypercom, Ingenico and VeriFone releaseed standards for the post manufacturing stage of a secure payment device, requiring a payment device be properly handled from the moment it is produced to the moment it is loaded with customer keys. This was initiated to increase accountability for payment device vendors, manufacturers, key injection providers responsible for the initial loading of the payment device, acquirers and security audit firms. Key elements include secure storage and transport; transfer and accountability; authentication; key management; incident response; outsourcing; and auditing.

Details

eWise and Affirmative Technologies Accelerate New Payment Alternatives

eWise payments and online financial management solutions provider has partnered with Affirmative Technologies to accelerate the adoption of new payment alternatives for merchants, financial institutions and billers. Through this agreement, both companies will provide their customers with new, integrated payment technology solutions that are scalable, customized, and secure. Affirmative Technologies’ ACHNow and ACH Risk Manager will be integrated with Secure Vault Payments, made available through a partnership between eWise and NACHA. This integration taps into the core competency of eWise’s payment technology to deliver alternative payment solutions in a more streamlined and secure way.

Details

Verizon cloud achieves PCI compliance

Verizon Computing as a Service has successfully completed a PCI DSS audit. With this, retailers and other organizations that process credit card transactions can move critical payment applications to the Verizon cloud knowing the infrastructure they’re using is protected by the industry-recognized set of payment-card security standards. Verizon CaaS, delivered from company cloud centers in the U.S. and Europe, was the first cloud-based solution to successfully complete a PCI DSS audit for storing, processing and transmitting credit card information.

Details

PMX Gold Updates on Gold ATM

The PMX Gold ATM Terminal is designed to integrate seamlessly with the International Banking System and conduct both conventional ATM transactions and a wide array of Gold Banking functions, including the ability to both dispense and accept for deposit gold, silver and platinum bars. In a related development PMXO confirmed that a new Gold Banking Services Division is being formed to capitalize on the emergence of gold as a parallel currency. The company anticipates the PMX Gold ATM Terminal will enable our customers to Purchase Gold Bullion or other precious metals using all major credit/debit cards; deposit or withdraw certified serialized 999.9 Fine Suisse Gold, Silver and Platinum Bars directly to/from the ATM’s; use the equity in gold accounts for dollar-based transactions via a PMX Gold Card accepted at ATM’s and financial institutions worldwide; and conduct gold transfers with individuals and institutions as an alternative to currency-based transactions.

Details