Debit Usage to Grow 50-70%

The debit card market is expected to see a 50% to 70% growth in terms of usage this year as a result of stricter credit card measures aimed at reducing household debts.Introduced in 2005, debit card usage in 2010 has grown by 68% year-on-year to approximately RM4.7bil. At the same time, there was limited awareness among the consumers and merchants about the benefits of debit cards. The minimum annual income requirement for credit card eligibility has been raised to RM24,000 from RM18,000 previously. For cardholders earning RM36,000 per annum and less, they can only hold credit cards from a maximum of two issuers and the maximum credit limit for those earning less than this amount had also been capped to double the monthly income of the card holder from each issuing bank. The average value of annual transaction per card for credit cards in 2010 stood at RM9,338 while that for debit cards was merely RM141. The drop in number of credit and charge cards in 2010 was due to the imposition of the RM50 service tax.

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Costs Up Sharply for New Credit Card Accounts

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] During the first half of the last decade the cost to book new credit card accounts (CPA) rose some each year. Since 2007, however, the more recent annual average CPA has risen dramatically, according to the R.K. Hammer CPA Model just released. In their annual year-end series of card industry metrics…

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USA Technologies Extend Management Employment Agreements

USA Technologies wireless, small-ticket cashless transactions extended employment agreements for the Company’s executive leadership team, including that of George R. Jensen, Jr., Chairman & CEO. Also included are Stephen P. Herbert, President & COO, and David M. DeMedio, CFO through June 2014. The Company will also issue 125,000 shares of Common Stock to Mr. Jensen, 75,000 shares of Common Stock to Mr. Herbert, and 25,000 shares of Common Stock to Mr. DeMedio. USA Technologies is a leader in wireless, small ticket cashless, associated financial/network services and energy management and provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries.

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Secure Payment Systems Integrates with Giftango

Secure Payment Systems value added payment services and transaction processing has been integrated with Giftango’s proprietary eGift card solutions. This development offers to participating merchants access to a new suite of tools to assist with virtual gift card promotions, web based sales and distribution opportunities. Correspondingly, SPS will connect to the Giftango API, allowing its gift & loyalty card clients to connect to the Giftango virutal eCard and variable card design emailing options available in the robust Giftango back-end.

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Serverside Selects Datapipe for PCI DSS Compliance

Datapipe managed services and infrastructure for IT and cloud computing has forged agreements with Serverside Group global card customization specialist. Datapipe’s turnkey PCI DSS compliance solution, Serverside can now deliver a trusted PCI environment ensuring the security of their clients’ card data. A certified PCI solution provider since 2005, Datapipe is a trusted member of the PCI Security Standards Council. Datapipe delivers those services from the world’s most influential technical and financial markets including New York metro, Silicon Valley, London, Hong Kong and Shanghai. Serverside Group digital card design offers software solutions to issuers, personalization bureaus and card manufacturers.

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Electronic Merchant Systems Addresses Wireless Terminal Market

Wireless credit card processing provides a fast and secure way for customers to pay for service, at the time of service, for which Electronic Merchant Systems card processing announced its complete selection. The wireless credit card processing terminals are specifically designed for service providers, priding itself on low rates and customer support. Electronic Merchant Systems provides a complete selection of cell phone credit card processing software, add-ons and devices, PDA and iPhone Apps, credit card swipers, credit card receipt printers and more.

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Wireless Standard Exhibits at RCA’s 19th Annual Convention

Wireless Standard is set to exhibit at RCA’s 19th Annual Convention and Innovation Expo from April 18th – 20th, where this year’s theme is “4G for All America”. As active members of RCA, the Wireless Standard team is looking forward to meeting with attendees to offer Point-of-Sale solutions that will assist them in staying competitive in a marketplace that continues to grow and evolve. Wireless Standard will provide one-on-one consultations and live demonstrations of the POS that is now being used by over 4,000 wireless retailers. Users can run all aspects of their business online with real time access to their data.

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LiveVox Cloud PCI Platform Wins ATA Award

LiveVox cloud contact center solutions was awarded the Technovation Award from the American Teleservices Association for its Secure VoIP Predictive Dialer. Recipients of the Technovation award must demonstrate significant innovation and cultivate a focus on new product development for the contact center industry. LiveVox delivers integrated predictive dialer, ACD, IVR and call recording applications solely from the cloud. Its PCI-compliant platform delivers ongoing cost efficiency and reliability through the use of redundant Secure VoIP/MPLS networks for voice and data transport.

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IronKey Implements Anti-Malware eBanking

Fairfield County Bank is moving to protect its business clients from fraud with the IronKey “Trusted Access for Banking.” Giving clients a convenient and safe means to conduct online business banking even if the client’s own computer is infested with the worst possible malware, “Trusted Access” provides online banking experience isolated from financial malware. With IronKey “Trusted Access,” the bank will provide customers a way to conduct online banking on a dedicated, secure and isolated platform that’s convenient for them to use. It automatically launches a protected, virtualized Web browser and takes the user directly to Fairfield’s website and prevents visiting fake websites introduced by phishing or other scams.

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SUREWORKS SEEKS BETA SITES FOR NEW POS CLOUD OFFERING

Sureworks is now seeking beta sites for its “Checkout” POS system, designed to help retail owners avoid cash outlays. Allowing users to tracks sales, manage inventory and enhances customer service, Sureworks “Checkout” will be offered as a service at subscription pricing, delivering all of the functionality of a standard, on-site POS application at minimal cash outlay. It also runs on Windows, Mac & Linux; Works Online & Offline; is 100% Touch-enabled; and offers ultimate Ease of Navigation. The Sureworks POS software development company develops state-of-the-art, intuitive Smart applications.

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AttendStar Creates Ticket Scanning, Onsite Sales App

AttendStar.com online ticketing integration has kicked off new onsite ticket scanning technology, allowing event managers to sell tickets, take credit card payments and scan tickets with one central, easy-to-use and efficient system using the iPod Touch or iPhone 4. The new POS system combines with a ticket-scanning platform using version three and above of the iPod Touch and iPhone 4, allowing credit card swiping on the back of the handheld case and reading any 1D barcode with the laser scanner at the top of the device. This authenticates tickets in less than one second. Large event lines can still move quickly while event managers receive accurate audience counts and diminish ticket fraud.

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