EVO Partners with Trustwave to Offer PCI Compliance

EVO Merchant Services selected Trustwave to provide PCI DSS compliance validation solutions to its Level 4 merchants. Trustwave is a leading provider of information security and compliance solutions. EVO Merchant Services engaged Trustwave to provide its merchants access to TrustKeeper, its security and compliance web portal. The web portal supports merchants’ compliance efforts, including moving merchants through the complex compliance process with greater ease and efficiency by making the tasks achievable by non-technical users to facilitate PCI DSS compliance validation for merchants or acquirers. It features PCI Wizard, which simplifies the complex PCI DSS compliance process.

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Layered Technologies Achieves PCI 2.0 Compliance

Layered Technologies compliant hosting, managed dedicated hosting and on-demand virtualization/cloud computing services is now compliant with PCI DSS 2.0. Having provided PCI compliant hosting and managed services under the previous standards, Layered Tech has already supported clients who have successfully been assessed against the new PCI 2.0 requirements. The latest criteria include clarification, additional guidance and evolving requirements to address emerging threats and changes in the market. The compliant hosting solutions help enterprises adhere to the Payment Card Industry’s extensive data security standards by providing a comprehensive layer of secure management services ranging from PCI-compliant monitoring, vulnerability scans and change management processes to an advanced suite of network administration and server management services.

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Conexant introduces controller-based modem with SPI interface

Conexant Systems semiconductor solutions for imaging, audio, embedded modem and video surveillance applications, has introduced the “CX93040” controller-based modem that utilizes a SPI interface. The “CX93040 “is available as a V.32bis version, a V.34 version and a V.92 version. The “SmartModems” integrate a microcontroller, digital signal processor, memory and a SmartDAA interface onto a single die while the “CX93040” is well-suited to POS terminals and set-top-boxes where the modem is used as a back channel.

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Top Philippine banks Outsource ATMs to Wincor Nixdorf

Philippine National Bank (PNB), Allied Banking Corporation (ABC) and Allied Savings Bank (ASB) will enhance the standard of customer service at bank branches and offsite ATMs using real-time Managed Services from Wincor Nixdorf to give customers greater access to banking services through the ATM channel. The Managed Services solution implemented by Wincor Nixdorf has increased the availability of each of the banks’ ATMs through proactive and real-time monitoring with the end goal of allowing customers to perform critical, self-service transactions 24/7 with limited disruption. The Managed Services implementation began in February 2011 for the three banks, which have a total distribution network of approximately 635 branches and more than 750 ATMs in the Philippines.

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SelectCore Launches m-Remittance Solution

SelectCore prepaid telecom and financial solutions for the credit challenged and unbanked consumer market is making available its Free and Instant Money Transfer solution. The Company is now preparing to go to market with its technology by securing international merchant partnerships and deploying the service domestically throughout thousands of its existing retail locations. Delivered instantly to the recipient’s mobile device and funds are available for immediate use at their local merchant, the money transfer platform generates revenue for SelectCore based on transaction fees and margin earned from merchant redemptions.

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VISA & MASTERCARD FACILITATE IndusInd Bank POS acquiring

IndusInd Bank has signed an agreement with Atos Worldline India (Venture Infotek) for POS acquiring solutions. With this, Atos Worldline India will be setting up MasterCard and Visa PoS acquiring network for IndusInd Bank across India. Atos Worldline India will also help IndusInd Bank to establish a merchant establishment network. Atos Worldline India will help merchants to open accounts with IndusInd Bank. IndusInd Bank will promote PoS acquiring business amongst its existing customer base and newly acquired customers whereas Atos Worldline India will provide the necessary support to the merchants to encourage and improve usage of PoS terminals deployed at merchant establishments of IndusInd Bank.

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Visa Launches Real Time Remittance

Visa has made available its “Personal Payments” remittance platform, allowing UAE customers to send remittances in real time to anyone who has a Visa card, which can be a debit, prepaid, credit, platinum or any other card bearing the Visa logo. UAE Exchange and the Union Bank of the Philippines have just become the latest financial institutions in the world to adopt the service. Any money transfer to the Philippines using this service will now cost Dh25 per transaction and the funds deposited directly to the Visa card accounts can be used immediately at millions of merchant outlets or withdrawn from ATMs in the Philippines. Philippines-issued Visa debit and Visa prepaid cards issued by the Union Bank of the Philippines will receive funds in real time, giving recipients their money in minutes.

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Novo Technologies and Veritape Parnter, Intro PCI DSS Compliance Solutions

Novo Technologies flexible call recording solutions and Veritape recording company accredited as a PCI DSS Participating Organisation have forged their partnership. This will allow Novo to include CallGuard in its NovoPCI solution portfolio. This gives organizations access to a suite of high-performance solutions for PCI DSS compliance. CallGuard ensures that recorded telephone conversations are fully compliant with PCI DSS regulations. Compatible with any call recording system, the solution detects and blocks all “DTMF” tones (the sounds produced when keying in a number on a telephone keypad), thus preventing call center agents or order placement staff from having any exposure to credit card numbers during a phone transaction and ensures they aren’t stored.

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Outstanding Revolving Consumer Debt Posts Largest M/M Drop in 6 mos

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Of the total $2.4 trillion in outstanding US consumer debt, total outstanding revolving credit dropped nearly 1.5% in April to 790.1 billion. This after having edged up for the first time this year in March by 0.1% to $796.1 billion. This puts the figure back on the course it was following…

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Consumer Confidence Flat in May

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Consumer sentiment was pretty flat in May, with spending expectations and economic confidence changing very little from the prior two months on the Discover U.S. Spending Monitor. Up only 0.1 to 89.5 in May from the last month figure, may reflect pressure from high gas prices and continued high unemployment, but…

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Regions Purchases Credit Card Portfolio for $1B

Regions Bank has signed a definitive agreement with FIA Card Services to acquire the Regions-branded credit card portfolio of approximately $1 billion for undisclosed terms. The portfolio of 500,000 existing Regions customer accounts will accelerate Regions’ efforts to improve balance between its consumer and commercial loan portfolios, further diversify revenue streams and better serve its customers. Regions expects the transaction to close during the second quarter. Regions hopes to integrate credit card servicing into its customer service environment by mid 2012.

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