RDM Corporation Scanner Certified by FTNI

Financial Transmission Network (FTNI) has completed its certification to support the RDM Corporation’s “RDM Connect” auto feed multi-feature check scanner with its “ETran” platform. Integrating “RDM Connect’s” multi-functional scanner to process checks, swipe credit and debit cards and capture ID cards facilitates the merchant’s desire to simplify payment acceptance. The “RDM Connect” scanner resonates well with FTNI’s ETran application, a receivables platform letting merchants process Remote Deposit Capture, ACH and credit/debit cards, all from a single platform which also satisfies the growing demand for payment diversity by accommodating mail-in, walk-in, call-in and web payments.

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Trustwave on Groupement d’Intérêt Economique Cartes Bancaires GIE CB Preferred Vendor List

Trustwave information security and compliance solutions has been added to Groupement D’intérêt Economique Cartes Bancaires’ (GIE CB) preferred vendor list. This process validates that Trustwave has met all necessary requirements to provide security services and technology solutions to Cartes Bancaires (CB) merchants, acquirers and service providers. CB is one of the largest European interbank card payment and cash withdrawal systems and being listed as among its preferred vendor indicates Trustwave’s internal methodologies for measuring compliance with PCI DSS have been vetted and approved by CB.

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Firich Introduces Eco Friendly Mobile POS Terminal

Firich Enterprises OS terminals and POS related peripherals launched its “Retail Smart” fan-less mobile POS terminal with Intel Atom N270 processor (1.6GHz). This POS hardware solution has been created for the growing trend of mobile POS and temporary point of service counters. Designed to replace traditional POS counters including separately adding monitor, reader device, printer, customer display, keyboard, and mouse to a PC, “Retail Smart” builds peripherals into the design including a LED display eliminates a keyboard and mouse, IC card reader, MSR, VFD customer display, and thermal printer supporting paper roll capacity of up to 100mm and printing speed of 230mm/sec. All of the integrated peripherals are cable-less design to reduce downtime for maintenance and takes up less counter space. It also incorporated “Green” product concepts to reduce the amount of power that is consumed as well as reducing its carbon footprint.

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Metropolitan Area Unemployment Improving Across Board

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Unemployment rates were lower in April than a year earlier in 297 of the 372 metropolitan areas, higher in 54 areas, and unchanged in 21 areas. Twelve areas recorded jobless rates of at least 15.0%, while 16 areas registered rates of less than 5.0%. Two hundred thirty-seven metropolitan areas reported over-the-year…

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Tyfone Announces Strategic New Hires

Tyfone mobile financial solutions has announced strategic new hires for expanding and marketing its NFC contactless payment and mobile banking solutions. Tyfone named Todd Nuzum to the new role of vice president of technology, bringing with him more than 25 years’ experience in technology research and development, including 13 years as a business systems architect with First Data merchant processing. Mark Miyamoto brings over 16 years of sales and management experience from various industries to Tyfone and will serve as director of sales. Aparna Battula will serve as director of engineering, with more than 16 years’ experience while Mahendran Kathiresan, serving as director of global alliances, will work out of the Asia-Pacific Division.

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Gemalto to Provide Silicon Valley Bank U.S.-Issued EMV Chip Cards

Silicon Valley Bank (SVB) has commissioned Gemalto to deliver U.S issued globally compliant EMV chip payment cards for their entire cardholder base to give their clients the security and convenience of payment cards based on the Europay MasterCard Visa (EMV) standard. Gemalto also provides consulting on EMV migration, personalization, and delivery of the cards to the end-user. Migrating to new EMV chip payment cards will enable SVB to fully address a growing concern for U.S. cardholders and offer them global card acceptance. Gemalto will provide SVB MasterCard World Elite portfolios full card design and production, secure data management and personalization of the upgraded cards and ensuring global acceptance and forward compatibility for both online and offline EMV payment transactions.

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BankAtlantic to Launch Android m-Banking App

BankAtlantic is set to launch its newest Mobile Banking Application (“App”) for Android platform phones. Offering users one-touch access to banking information, the new app is the culmination to provide value and convenience to help users manage finances while on-the-go. This latest Application will offer Android phone customers the same free, fast, safe and secure mobile banking medium as iPhone users, allowing them to view account balances and transaction history; to transfer funds between accounts; and automatically locate the nearest BankAtlantic branch or ATM location.

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Diebold ATM Featured at the US Pavilion in Italian Art Show

A Diebold ATM is being featured in a unique artistic creation by artists Allora and Calzadilla in the U.S. Pavilion at the 54th International Art Exhibition – la Biennale di Venezia in Venice, Italy. Allora and Calzadilla, well-known artists and innovative interpreters of contemporary art, were asked by the Indianapolis Museum of Art (IMA) to showcase the best of American art at the Biennale di Venezia. The artistic creation, which is on display through Nov. 27, 2011, incorporates an ATM that issues cash with musical accompaniment. The initiative involves prominent partners like Banca Nazionale del Lavoro, part of the Banque Nationale de Paris and Paribas Group (BNL-BNPP), and the Bureau of Educational and Cultural Affairs of the U.S. Department of State, which manages the U.S. Pavilion at the 54th International Art Exhibition – la Biennale di Venezia.

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Revel iPad eftpos raises funding through venture capitalist

Revel Systems iPad and cloud-based POS systems has closed a $3.7 million round of funding led by DCM venture capital firm, coinciding with Jason Krikorian, DCM General Partner, having joined its Board of Directors. The additional capital will be used to expand sales and marketing, roll out new products, grow its tech sales and support network and further develop its customer base across the United States. The system is among the only POS systems that is fully PCI-compliant, including its hardware, software, and network.

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Fundtech partners WebExpenses for expenses management

Fundtech global transaction solutions for banks and corporates has partnered with WebExpenses for managing business travel and entertainment expenses. Fundtech’s branded version called “Online Expenses” will be offered to its current customer base of more than 2,000 direct corporate clients, as well as future customers. Meanwhile, WebExpenses will promote Fundtech as their preferred supplier of electronic invoicing presentment and payment (EIPP) services. The “Online Expenses” solution gives organizations the flexibility to easily revise their expenses policies and reinforce them as frequently as needed. The easy-to-use reporting and analysis tools provide better visibility and control for managers and auditors, which have the ability to reduce fraud. Adjustments can also be made on country-by-country tax compliance and client recharging.

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Pre-Paid Cards Primed to Explode

Pre-paid is primed for explosive growth in the coming year, given 50% of payment industry professionals surveyed expect wider adoption of pre-paid cards as more consumers move away from credit cards and cash. Nearly 30% of respondents said that more consumers will deposit more money to their pre-paid accounts, with $37 billion loaded onto prepaid cards last year, compared to only $18 billion in 2009 and $9 billion in 2008. These findings, according to a survey conducted by Firstsource Solutions at the Card Forum & Expo, also disclosed over 40% indicated that increased scrutiny from regulators regarding loading and set-up fees will pose the greatest risk to the industry. Also concluded was 66% said that social media platforms have played a critical role in enhancing the customer experience; 75% agreed social media will be a significant factor in customer service in the future; and nearly 35% said their organizations use Twitter to connect with customers.

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Cardlytics CEO To Participate in Media Targeting Panel

At the upcoming BMO Capital Market’s 3rd Annual Advertising & Marketing Services Conference in New York, N.Y., the founder and chief executive officer of Cardlytics, Scott Grimes, will join in a panel discussion on advertising and marketing strategies and technologies during “High Performance Ad Networks & Media Targeting” on June 2. Grimes has more than two decades of experience in the financial technology industry, and has held various roles incorporating his skills as an entrepreneur and strategist. Prior to founding Cardlytics, he served as senior vice president at Capital One where he developed and launched a number of industry-changing products.

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