AmEx Commends Boom-Spurring Business Owners

American Express OPEN small business division wants small businesses to “Start Booming,” made clear in its latest national ad campaign. Featuring real and inspiring business owners, the ads feature “Booming” businesses which have uncovered better ways of doing business with management tools and services to improve the way they manage their companies. The essence of small business optimism is illustrated in the first TV advertisement in the campaign, “Reveille,” issuing a rallying cry for small businesses to “Start Booming,” offering snapshots of the daily lives of “Booming” business owners across America who are reinventing business to revive the economy. In conjunction, AmEx OPEN’s new business tools to help entrepreneurs “Boom” include “AcceptPay” web-based tool that allows small business owners to accept online payments and electronically invoice customers; “InsuranceEdge” online portal that offers small business owners real-time, competitive quotes; “FX International Payments from American Express” allowing businesses to make overseas payments; and “SearchManager” online solution that allows business owners to easily manage paid search campaigns.

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JPMorgan Chase Appoints Chairman of Florida Region

Mel Martinez has been appointed the JPMorgan Chase Chairman of Florida, Mexico, Central America and the Caribbean. He will serve on JPMorgan Chase’s Executive Committee and will be the firm’s senior executive across the region, in which Chase will add at least 20 branches a year to the local network of 240 branches and 1,000 ATMs. Martinez was elected as the first Cuban-American to the U.S. Senate in 2004, having served on the Senate Committees of Armed Services; Banking, Housing and Urban Affairs; Foreign Relations; Energy and Natural Resources, and Commerce as well as the Special Committee on Aging. Chase serves nearly 6 million customers in Florida and employs 14,000 Floridians. The bank also has provided face-to-face loan counseling for more than 18,000 families struggling through its 11 Chase Homeownership Centers in Florida.

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RDM FFIEC

RDM Corporation specialized software and hardware products for electronic payment processing, announced that it has introduced new FFIEC compliance tools in its ITMS(R) suite of RDC software products. Responding to the new FFIEC Guidance regarding RDC, RDM enhanced existing capabilities and created new functionality to assist customers with compliance. This new offering provides financial institutions with a set of tools specifically designed to help them comply with the FFIEC guidelines with respect to RDC. These improvements to security and risk mitigation include enhanced security authentication, a comprehensive reporting suite, an easy to use limits and monitoring module as well as check endorsement capability.

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Muscato to Manage Reward & Prepaid Card Program

The Muscato Group US card processing division, “M2 Payment Solutions,” is now the major processor for Reward Card Solutions and its rapidly growing loyalty and corporate incentive prepaid card business. The “M2 Payment Solutions” serves cardholders in over 120 countries and is now focusing on the US prepaid market with its processing platform and patented security and fraud prevention technology. Reward Card Solutions is a reseller of the Elite branded open-loop prepaid Visa, MasterCard and American Express Incentive LAP Cards to corporations for use in their loyalty, award and incentives programs.

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S1

Bank of Montreal introduced two new credit cards targeting small business owners with low rates and fees. They include the no-fee “AIR MILES MasterCard for Business” with higher rewards, more rebates and discounts and the no-fee “Preferred Rate MasterCard for Business” a 17.5% interest rate. The “BMO AIR MILES MasterCard for Business” card replaces two predecessor cards, eliminating the $60 fee and doubling the amount of rewards earned from 1 reward mile for every $40 spent on the card to 1 reward mile for every $20. All “BMO MasterCard for Business” cards have built-in features designed to help busy small business owners run and protect their business.

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Trustwave’s SpiderLabs Experts to Speak at Black Hat 2010

Trustwave security and compliance solutions experts are set to deliver
multiple briefings at “Black Hat 2010” in Las Vegas, July 28 through 29.
Delivered by members of “SpiderLabs” security team at Trustwave
responsible for incident response and forensics, penetration testing and
application security, and security research. David Byrne and Charles
Henderson will deliver “GWT Security: Don’t Get Distracted by Bright
Shiny Objects,” which will look at common vulnerabilities in Google’s
Web Toolkit (GWT). Nicholas Percoco and Jibran Ilyas will present
“Malware Freak Show 2010,” which will expand upon their initial Malware
Freak Show presentation delivered at DEFCON 17. Steve Ocepek and Charles
Henderson will deliver “Need a Hug? I’m Secure,” which will look at the
ways manual penetration testing can help an organization protect their
environment from 0-day attacks, as well as more common vulnerabilities
like SQL injection and cross-site scripting (XSS).

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WESTERN UNION

With the number of foreign residents in Japan currently over 2 million, Western Union has been registered to operate international money-transfer services under Japan’s new Act Concerning Settlement of Funds. Western Union is the first money-transfer provider authorized to offer cash-to-cash transfers across 200 countries and territories under the new law regulated by Japan’s Financial Services Agency (FSA). It allows Western Union to work with companies across multiple classes of trade in addition to banks to offer Western Union® Money TransferSM services. Upon regulatory approval, Travelex is expected to become Western Union’s first Agent under the new law to offer the Western Union Money Transfer service at Travelex stores in Japan.

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ILoveVelvet Launches mPOS Solution

ILoveVelvet is introducing its suite of hardware and software solutions to the United States retail market to provide mPOS payments, create a customized in-store experience, enhance product and customer knowledge and advance the training of sales staff. The main initiative with this is to enable retailers to provide custom shopping encounter while eliminating the payment queue. Compatible with Apple iPhones, iPads and iPods for in-store mobility, the Velvet “D-Holster” is a comprehensive cradle that allows retailers to scan bar codes and provide smart card and magnetic swipe readers for customer payment and loyalty cards. It also offers a contactless processor to reduce the global payment cycle.

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TRX Reaffirms Payment Card Industry Compliance

TRX process automation has reaffirmed compliance with PCI Data Security Standard v1.2 compliance. TRX reaffirmed compliance with the latest standards after undergoing an extensive on-site audit conducted by an independent third-party, operating in accordance with the PCI Security Standards Council. TRX has adhered to a data security standard designed to provide additional assurances that client-confidential data is kept secure. As part of the certification maintenance process, TRX undergoes quarterly external vulnerability assessments to ensure that key systems remain secure and compliant between annual certifications.

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AT&T Launches mPayment Application for SMBs

AT&T and Apriva have partnered to offer “AprivaPay” and “AprivaPay Professional” mpayment applications to enhance productivity and cash flow. The new applications allow smartphones to function as devices that accept credit and debit card transactions, tapping the worldwide mobile payments market, expected to grow from $68 billion in 2009 to more than $600 billion by 2014. The “AprivaPay” browser-based application allows businesses to process credit and debit transactions through the browser of their mobile phones. The “AprivaPay Professional” is a full featured application that is downloaded directly onto a smartphone.

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Ethoca360 Makes Available Risk Detection Solution

Ethoca360 “Signals” ideally suited as a partner solution, evaluates order transaction data elements and finds links, matches and behavioral patterns in the Global Fraud Alliance (GFA) repository that indicate either risk (negative signals) or probable safety (positive signals). These raw data signals complement any fraud prevention services a partner has in place today, because they leverage the pooled GFA member payment experiences to enhance fraud scoring accuracy, reduce false positives, improve manual review productivity and enable better decision making, by providing information about potential fraud risk that can’t be obtained any other way. Ethoca360 “Signals” can be completely contained and integrated into partner solutions.

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Skyline Provides PayYourRent.com RDC

PayYourRent.com announces Skyline’s “DirectFED” as their official remote deposit capture provider, allowing PayYourRent.com users to quickly scan paper checks for quick deposit. With online payments still at 25%, the rest still rely on paper checks, which “DirectFED” is targeting with its system by allowing businesses to scan the checks and directly process through PayYourRent.com. This partnership ultimately allows managers to save time by not having to run to the bank to deposit paper checks.

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