TMG Launches Location Based Payment

Dwolla mobile and social payment platform supported by The Members Group (TMG) has unveiled its “Dwolla Spots” location-based payment technology. This lets users pay for goods or services on-site for a flat transaction fee of 25 cents for a convenient and inexpensive way to exchange money on location from a mobile device. The Dwolla user selects the new Spots tab from within Dwolla’s mobile application to pay merchants on a location-based map and entering the transaction amount. The “Dwolla Spots” solution is exclusive to the Apple iOS and will be released later this month in the Apple App Store.

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Sysnet Obtains PFI Status

Sysnet Global Solutions is now an approved Payment Forensics Investigator (PFI), confirmed by the PCI Security Standards Council (PCI-SSC), and subsequently listed on the PCI-SCC website as such. The PCI Security Standards Council’s PFI program establishes and maintains the rules and requirements regarding eligibility, selection and performance of companies that provide forensic investigation services to ensure they meet PCI Security Standards. The PFI program aims to help simplify and expedite procedures for approving and engaging forensic investigators. The PFI list will replace the previous ‘QFI’ list as of March 1, 2011. After March 1, the card brands will only accept forensic reports from companies that are on the PFI list.

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Ideal Financial Updates on Processing Program

Ideal Financial Solutions “Ideal Merchant Services” (IMS) program allows individuals to offer discounted credit card processing to vendors with whom they already do business and to enjoy commissions in perpetuity on transactions made by the business. The “IMS” solution reduces fees associated with credit card processing for the vendor for more than 100 active agents. In January, business increased 200% versus the previous month, February was 250% more than January and March projects at a 300% improvement over February.

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Mitek Systems Check Enrollment App

Mitek Systems has introduced its “Mobile ACH Enrollment” application for mobile payments companies to offer consumers a convenient way to enroll their checking accounts. The “Mobile ACH Enrollment” lets users implement their checking accounts as funding sources for mobile payments quickly by taking photos of blank checks with their smart phone cameras. Consumers can connect their checking accounts to their mobile-payment solutions by typing in a complex set of numbers shown on their checks via their smart phone keypads. These strings of numbers often confuse and frustrate consumers to the point that they either abandon their attempted mobile transactions or enter the digits incorrectly.

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ThreatMetrix to Showcase Online Fraud Prevention

ThreatMetrix fraud prevention solutions that do not require personally identifiable information (PII) is set to present on mobile commerce fraud during the Merchant Risk Council Annual e-Commerce Payments & Risk Conference March 22 – 24 in Las Vegas. ThreatMetrix serves over 350 customers in e-commerce, financial services, payments, social networking/Web 2.0, affiliate marketing and government. On a daily basis, the company’s ThreatMetrix Fraud Network profiles over 15 million devices and screens hundreds of thousands fraudulent transactions. The 2011 MRC conference is focused on helping companies address online payment risks, utilize new global online payment strategies, and increase operational efficiencies in e-commerce.

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Strangeloop Partners with Exclusive Concepts, Speed for Yahoo! Merchants

Strangeloop website acceleration solutions has partnered with Exclusive Concepts to offer its proprietary Site Optimizer service to Yahoo! store merchants worldwide. Yahoo! “Merchant Solutions” hosted platform for ecommerce stores is a partner to Exclusive Concepts online stores seeking to convert online shoppers into loyal buyers, provides a breadth of marketing services – from advanced search engine marketing to conversion testing – to more than 800 merchants around the world. As an authorized Yahoo! partner, Exclusive Concepts will be the exclusive provider of Strangeloop’s website acceleration technology to this market. The Strangeloop Site Optimizer is an automated web performance optimization solution that functions at the scale demanded by global ecommerce sites and enterprise applications. Through partners like Exclusive Concepts, Site Optimizer can be offered as a hosted service, making Strangeloop’s advanced optimization technology accessible to businesses of all sizes.

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Phoenix Partners with InTechnology

Phoenix Managed Networks POS has inked agreements with UK-based InTechnology IT service providers for plastic card transaction delivery. This lets Phoenix use InTechnology’s next generation infrastructure to provide highly reliable and cost-effective data communications services for transaction-based applications to retailers and financial institutions. It also marks Phoenix Managed Networks’ first initiative to penetrate the European market.

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MoneyGram Partners to Launch Remittance Kiosk

MoneyGram International launched its money transfer kiosk with DongA Bank. Entertaining network expansion throughout Vietnam and addressing transaction growth, Moneygram more easily plugs its citizens into the $400 billion global remittance market with this development. in 2010, the Company increased its network in by 30% with the help of DongA Bank, its leading agent with over 252 locations and home delivery to any business or home address. Remittances to Vietnam are predominantly sent from the United States and may be received at any of MoneyGram’s nearly 1,500 locations countrywide, which in addition to DongA Bank includes leading banks Eximbank and Sacombank added in 2010 as well as Vietcombank, VIB, and Saigon Bank.

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Masabi Launches App for Ticket Purchases Anywhere

Masabi mobile ticketing technology for the transport sector, announced that the mobile rail ticket purchase application it developed for thetrainline.com, now supports most high-end smartphones and everyday handsets. Mobile users are able to search train times and purchase tickets using a credit or debit card, and then pick-up their tickets at the station. The application will start displaying tickets as secure barcodes on the phone’s screen when rail operators start supporting this feature in the coming months.

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CFIB Against Card Fees, Push for Interac/Cash Payment

The Canadian Federation of Independent Business (CFIB) has launched a major campaign to inform consumers about the high cost of credit card merchant fees and ask them to consider paying with Interac or cash instead. CFIB, the organization responsible for the concept of the Federal Code of Conduct for the Credit and Debit Card Industry, is equipping its 108,000 member-businesses with signs to be placed at cash registers and tables across the country that promote the benefits of those other forms of payment. Established in 1971, CFIB takes direction from more than 108,000 members in every sector nationwide, giving independent business a strong and influential voice at all levels of government and helping to grow the economy.

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