VISA Sponsors Texas Getaway With Gift Card Deal

The San Antonio Marriott Rivercenter is offering guests a $25 VISA gift card per room, per night for up to two nights with the special Great Weekend package now through September 6, 2010, when they pay with their VISA Card. Guests at the San Antonio River Walk accommodations will find stylishly appointed guests rooms and fine amenities that make the hotel a popular choice for visitors to nearby SeaWorld, The Alamo, and the San Antonio Convention Center. Guests will also enjoy the on-site DASA spa, complimentary coffee and tea in-room, expert River Walk hotel staff to help coordinate activities and events, plus a full array of guest services, from babysitting to valet dry-cleaning. This limited-time offer is just one of Marriott’s many hotel deals on the River Walk in San Antonio, TX.

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U.S. Branded Prepaid to Top $440b by 2017

The total value of the branded prepaid card opportunity in the United States is expected to surpass $440 billion by 2017, nearly quadrupling its estimated value of $120.2 billion in 2009. Consumers in our Country will remain the world leader in hosting prepaid card use, holding 53% of the overall global market share and more than double the next six leading markets. The Prepaid Market Sizing Report, prepared by The Boston Consulting Group (BCG) and commissioned by MasterCard, indicates future branded prepaid growth will be driven primarily by increases in the public sector and corporate payroll segments. India, the UK, Mexico, Italy, Middle East and Brazil markets will hold approximately 25% of the branded prepaid market. The Brazilian market, however, is expected to expand from just $1.7 billion in 2009, to more than $17 billion in 2017. In 2009, branded prepaid payroll alone was valued at $25.6 billion and is projected to reach $99.6 billion by 2017.

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New Bank of America TV Ad to Debut During All-Star Game

Bank of America is set to debut its latest commercial during the 2010 Major League Baseball All-Star Game on Tuesday, July 13, at 8 p.m. on FOX, celebrating its commitment to MLB. This is the first time in three years that Bank of America has introduced new baseball-themed creative during the Midsummer Classic. Entitled “Stitching,” the 30-second spot was designed by agency partner Hill Holliday and uses the imagery of a baseball being sewn together as a metaphor for how the game is deeply woven into the fabric of our national culture. Bank of America is leveraging its sponsorship of the MLB All-Star Game to deploy more than 250 associate volunteers to assist in baseball-themed community events benefitting organizations such as Little League Challenger Division and Rebuilding Together in and around Orange County, which ties to MLB’s overall theme of “Going Beyond” and giving back to the community.

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Tyfone Powers Adoption of Multi-Mode mBanking Service

OnPoint Community Credit Union reports that usage among its members on its mbanking service have exceeded expectations with the number of monthly mbanking transactions up an average of 20% per month while monthly enrollments grow an average of 27%. Using Tyfone’s mbanking platform, designed to increase bank profitability in part to bring banking customers and their financial institutions closer together, OnPoint launched the first phase of its mbanking service at the end of 2009. This phase allows members to use their mobile phones to check account balances, view account history, transfer funds between accounts, and locate branches and ATMs. Tyfone’s infrastructure is hosted in a SAS 70 Type II compliant environment that is configured to scale rapidly.

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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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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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