ACI Worldwide upgrades Financial Crime Management

ACI Worldwide payment systems launched “Proactive Risk Manager 8.0” financial crime management solution. It features Multi-dimensional, multi-channel views of customer activity; Transaction enrichment options combining multiple fraud scores; Enhancements in rule writing and alert management; The addition of employee fraud monitoring; and Security enhancements to meet PA-DSS certification. The “Proactive Risk Manager” release 8.0 allows ACI to introduce its Analytic Gateway which gives users the ability to send transactions to multiple scoring engines to better detect suspicious transactions, as well as significant enhancements in rule writing and alert management to help analysts manage and respond to more alerts and includes security enhancements to meet PA-DSS certification.

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Datacard Group Showcases MX Series Card Issuance

Datacard Group ID and card personalization solutions will be showcasing the Datacard “MX6000” and “MX1000” card issuance systems at the China 2011 International Smart Cards and RFID Exhibition. Datacard Group demonstrations will include the new laser engraving capabilities on the “MX6000” and “MX1000” system capable of engraving CLI and MLI cards within the same compact module. The module increases productivity and allows card issuers to engrave images, grayscale photos, bar codes, text and other variable data, creating highly secure IDs and financial cards that resist forgery and alteration.

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Abu Dhabi Commercial Bank partners Mobibucks for m-payments

Abu Dhabi Commercial Bank (“ADCB”) and Mobibucks mobile payment solutions have partnered to offer “Mobi” for making purchases using a mobile phone number. This unique mobile payment provides customers with a patented cashless, card-less, paperless and phone-less payment solution that targets the everyday purchases made by consumers. Mobibucks entered the Middle East market with the opening of Mobibucks “FZ-LLC ” as part of an international expansion to bring mobile payments to consumers around the world.

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Turkcell partners Garanti Bank for mobile payments

Turkcell communications and technology has partnered with Garanti Bank payment systems to launch its “Cep-T ParaCard” co-branded prepaid card. The “Cep-T ParaCard” no name prepaid card with MasterCard logo issued by Garanti Bank lets Turkcell customers to top-up money to the card via Garanti POS machines at TIMs, or from any Garanti ATM, and can subsequently use their cards for payments worldwide wherever MasterCard is accepted. The Cep-T Para service is a SIM based secure service that can be used with any handset. Cep-T Para subscribers can use this service to transfer money to any operator’s mobile subscribers. Recipients can withdraw their money instantly from Garanti ATMs by simply using a secure code sent to them, without a debit card.

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M-payment Set to Explode as mobile penetration reaches 100%

The booming retail market with annual transactions worth 410 billion dollars (about Rs 1,850,000 crore) and nearly 100 per cent mobile penetration make phones a perfect medium for payments, said The Associated Chambers of Commerce and Industry of India (ASSOCHAM). A growing middle class with over 300 million people and their increasing disposable income has led the retail market to grow exponentially. India has also been among the fastest growing mobile market with more than 720 million subscribers and by 2015 mobile phone penetration is projected to hit nearly 100%. India has 173 million debit cards and 23 million credit cards in use but the point of settlement terminals in India remain low at 419 per million inhabitants as compared to 1,700 in China, 17,020 in the United States and 24,611 in Brazil. The market is rife for m-payment.

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SecuTrans to Implement Hypercom EMV Payment Application

SecuTrans Bank Card Service credit and debit card merchant service provider is set to deploy Hypercom’s “Optimum” countertop and mobile payment systems with SPOS32 MSR/EMV software application. The PCI approved and Interac-certified “Optimum” fixed countertop and mobile payment terminals in Canada include the Optimum T4210 (dial), T4220 (Ethernet with dial), T4230 (GPRS with dial) countertop and M4230 GPRS and M4240 Bluetooth mobile card payment terminals. SecuTrans Bank Card Service has become a solid ISO in Canada to offer secure, flexible and affordable bankcard processing products and services.

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VTB 24 Bank to Deploy NCR ATM marketing

VTB 24 Bank is refocusing its one-to-one marketing ATM campaigns with the NCR “Aptra Relate.” Implemented by NCR and MultiCarta, “APTRA Relate” allows VTB to extend the functionality of their ATMs and create marketing campaigns based on customer data taken from the CRM system. The software will help the bank engage in a personalized dialogue with its more than 300,000 customers and sell more financial products as soon as the customer enters their PIN number. The ATM user can then agree to his participation in VTB’s marketing campaign by checking the “I accept” box on the interface. The customer also has the option to enter his telephone number if he wishes to receive more detailed information from the bank. The one-to-one interaction between VTB 24 and its customers is made easy thanks to the user-friendly interface.

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Point acquires Paybox e-commerce

Point electronic payment solutions acquired Paybox leading service providers of payment solutions in the e-commerce and card present sectors. Paybox offers payment solutions for a wide range of physical and remote access systems such as merchant websites, electronic payment terminals, call centers, automatic terminals, mobile phones or PDA’s. Paybox processes approximately 10 million payment transactions per month and the majority of these e-commerce transactions come from 15,000 e-merchants linked to the company, bringing to Point valued expertise.

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ElectraCard Services to Administer IndusInd Bank credit card program

ElectraCard Services (ECS) technology and business solutions in electronic payments signed an agreement with IndusInd Bank to extend technology and processing services for their credit card business. As technology partners, ECS will cater to various aspects of credit card program offerings such as “electraCREDIT” comprehensive credit card management solution; “electraGUARDTM” advanced fraud management engine; “electraCOLLECT” comprehensive collection solution; and “electraSECURE” fraud prevention solution for ecommerce transactions. ECS also will process and provide expertise to ensure a seamless migration and furnish the Bank a smooth, fast and secure platform to service its customer base.

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Consumer Confidence Index Drops 5+ Points

The Conference Board Consumer Confidence Index after having improved in April to 66.0 decreased in May to 60.8. With this, the Present Situation Index decreased to 39.3 from 40.2 and the Expectations Index also dropped to 75.2 from 83.2 last month. Consumers’ assessment of current conditions was less favorable than in April with those claiming business conditions are “good” having decreased to 14.6% from 15.5% and those claiming business conditions are “bad” having increased to 37.1% from 35.9%. Meanwhile, those stating jobs are “hard to get” increased to 43.9% from 42.4%, but those stating jobs are “plentiful” increased to 5.6% from 5.1%. Still, consumers expecting business conditions to improve over the next six months declined to 17.0% from 19.2% while those anticipating business conditions to worsen increased to 15.5% from 14.0%.

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Ink from Chase Launches Small Business Mobile App

Ink from Chase of Chase Card Services officially launched its “Jot” mobile application and online solution for small business owners on the go. It saves time allowing users to track, categorize and organize business expenses in real-time from their iPhone and Android. Jot will let Ink from Chase customers receive text alerts within seconds of making a purchase with their Ink card; immediately tag these purchases to custom categories on a mobile device or online; let employees to tag their business expenses; view all transactions on their account, including those of their employees, through their mobile device or online; adjust employees’ card spending limits through their mobile device; and download reports into accounting software. The multi-channel national advertising campaign to introduce Jot will appear across outlets such as ABC, NBC, CNN, Fox, Bloomberg BusinessWeek, Entrepreneur, Forbes, INC, the New York Times, Wall Street Journal and numerous social media channels and will continue through 2012.

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National Retail Federation Airs Radio Ads Urging Swipe Fee Reform Support

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The National Retail Federation is rolling out radio advertising campaign urging Alaskan Senators Lisa Murkowski and Mark Begich, New Hampshire Senators Jeanne Shaheen and Kelly Ayotte, North Dakota Senators Kent Conrad and John Hoeven and West Virginia Senators John Rockefeller and Joe Manchin to oppose efforts to delay a new federal…

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