XERO & ANZ

Online accounting software provider Xero has entered into a regional agreement with ANZ to distribute its online accounting services to ANZ customers. The agreement allows for exclusive distribution in Australia and to explore opportunities in Singapore, New Zealand and more broadly across the Asia Pacific region. Xero will offer ANZ’s 450,000 small business customers in Australia an online, integrated banking and accounting solution that allows them to understand trading performance and cashflow position in real-time.

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MasterCard Launches MoneySend Apps for iPhone & iPad

MasterCard Worldwide and Obopay have teamed to offer the “MasterCard MoneySend” service for iPhone and iPad users. MasterCard MoneySend allows users in the U.S. to send or request money via their iPhone through participating banks and credit unions, or when
they create a virtual prepaid account through Bancorp Bank that is
linked to an existing MasterCard payment card or checking account. The
designated account funds the MoneySend transaction, and users can manage
and trigger the exchanges through the app. Personal and financial
information is never stored on the iPhone or iPad.MasterCard MoneySend is available for free
download at the iPhone App Store.

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BANK OF PAPUA & MISYS

Application software provider Misys announced that Bank of Papua New Guinea has gone live with “Misys Opics Plus v3.0”, “Misys Opics Risk Plus” and “Misys Eagleye”. Misys Opics Risk Plus and Misys Eagleye provide a comprehensive risk management framework for the central bank including performance and return attribution analysis, portfolio and currency compliance limits and policy controls. The integrated front-to-back system will provide for easier reconciliation and regulatory reporting. The Bank of Papua New Guinea is a contemporary central bank and regulator, employing best practice in the development of monetary policy, financial sector supervision and payment system. The Bank’s objective was to significantly update its systems in order to improve its operational efficiency and risk management capabilities to ensure it had a comprehensive reserves management system. Misys Solutions for Treasury & Capital Markets has 31 years of experience and unrivalled software development expertise. It creates integrated, comprehensive solutions for financial institutions to manage their capital market activities across multiple asset classes.

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DATATEL

DATATEL Hosted IVR, Managed Services and Telephony Automation Solutions has made available its PCI Compliant Hosted Telephone (IVR) Credit Card Payment Service. Datatel’s Hosted Telephone Credit Card Payment Service provides organizations the ability to automate payment processing over the telephone on a PCI-compliant platform. Datatel provides a telephone payment platform, secure connectivity to credit card processors, secure connectivity to back-office systems, plus a Payment Card Industry (PCI) compliant environment and dedicated support. By avoiding the time commitment of dedicating development resources, keeping up with payment card industry security requirements, hardware and telecommunication infrastructure; customers enjoy rapid and worry free implementation.

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PAYSAFECARD

With paysafecard breaking into the Latin American market, GlobalCollect has extended the reach of the payment method to Argentina. Allowing consumers to make online cash payments in local currencies without needing a bank account or credit card, paysafecard appeals to the 70% of adults without a bank account. This offers an alternative payment method, crucial to the survival of e-commerce merchants. paysafecard is being distributed via 3,500 outlets in Argentina, which will be the company’s base for further expansion into Mexico. Over the past ten years, paysafecard has been made available in 25 countries worldwide at more than 280,000 outlets.

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PyraMax Bank Deploys Monitise iPhone mBanking App

PyraMax Bank has launched its iPhone app powered Monitise Americas mobile banking technology. Monitise Americas can now build iPhone apps quickly and cost effectively, enabling mobile banking for many more financial institutions than previously possible. Monitise Americas’ advantages lie in its scalable, modular approach to mobile banking, which provides a customizable offering to financial institutions of all sizes wishing to enter the mobile space. They can choose to offer customers a broad range of services – from basic account information and alerts delivered via SMS to more enhanced functionality delivered via mobile browser or branded iPhone app. Monitise has processed over 20 million mobile app banking inquiries and transactions in the past six months for over 200 banks, credit unions, and prepaid issuers around the United States.

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PLATINUM PLAY

Citibank launched its “Citibank Cash Back Platinum Card” to address an increasing trend toward practical consumerism among the emerging affluent in Malaysia. The new card covers the widest range of everyday items made available in the market with instant cash back of up to 5% on gasoline, groceries, phone bills and pharmaceutical purchases throughout the year. This is being made available in response to extensive research conducted throughout the Country showing there is an increasing trend in the emerging affluent segment toward practical consumerism and purposeful spending. The research also concluded over 40% of consumers in this segment preferred immediate money savings on all their card purchases to any other form of reward.

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Capital One Bank Sweepstakes to Award 26mm Miles in June

Capital One Bank launched the “Million Miles Sweepstakes” (http://www.capitalonebank.com), in which 26 lucky contestants will be awarded “Miles Millionaire” status. Those who open a new personal or small business Rewards Checking account during the month of June will be automatically entered into a daily drawing to win one million reward miles. One winner will be chosen per day Monday through Saturday throughout the month of June. In addition to travel, rewards earned with Capital One Bank’s Rewards Checking account can be redeemed for cash, gift cards and merchandise items from electronics to office supplies to designer handbags. Features of Rewards Checking, issued by Capital One, include no monthly service fee or minimum balance requirement; earned rewards automatically for everyday banking activity; redemption options from cash to travel, or merchandise; 1,000 bonus miles for opening account; and 1,000 bonus miles on first account anniversary.

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Diebold Launches ATM Skim Protection Solution

Diebold has introduced its “ATM Security Protection Suite”, designed to provide effective countermeasures against known skimming
attack vectors. The suite offers five levels of protection to proactively guard
against increasingly sophisticated card-skimming attacks.
Level one offers basic protection and includes ATM card reader security
features specially designed to deter skimmer attachment. The second level includes Diebold’s award-winning skimming-detection
technology that generates an alert – directed either to the branch alarm
system or to the ATM network monitoring system – when a fraudulent
device has been added to the terminal. Protection levels three and four incorporate the latest and most
innovative skimming countermeasure in the industry. By emitting an
electromagnetic field to interfere with a skimmer’s ability to capture
magnetic-stripe data in both motorized and dip card readers, this
solution helps prevent the capture of card information. To offer this
technology, Diebold has leveraged its self-service and security
expertise and has also worked closely with TMD, a Netherlands-based
developer of anti-skimming technology. Protection level five also includes Diebold’s ATM “SkimmingAlert”
Monitoring Service, affording customers maximum protection.

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NEOVIA Offering E-Payments to 85% Of Online Bingo Operators

Alternative payment provider NEOVIA Financial is now providing
payment services to more than 85% of UK online bingo operators. By
offering NEOVIA’s “NETELLER e-Wallet”, bingo operators can enable
customers to start playing immediately and reach players who would
previously have been excluded. More operators are seeing the benefits of
providing easy-to-use alternative payment options such as e-Wallets, so
that they can attract new players who want to play but don’t have a
credit card or want to use one. Electronic identity and
anti-impersonation checks are automatically undertaken when a new
consumer signs up for the “NETELLER e-Wallet”. These checks allow bingo
operators to reduce the fraud and compliance risks in allowing new
customers to play immediately at their websites to increase revenue.

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Consumers Spend More on Jewelry & Luxury in May

In May, growth in eCommerce forged ahead of growth in brick and mortar
sales for an 8th consecutive month of double digit year-over-year
growth, with sales increasing 13.7% since the year ago period.
Meanwhile, luxury sales saw its 6th consecutive month of year-over-year
growth, posting a 9.7% increase. This, according to the “SpendingPulse”
national retail and service sales macro-economic indicator, based on
aggregate sales activity in the MasterCard payments network, also showed
jewelry reached a 6.4% increase. On the other side of the slope,
declines were seen in the Electronics and Appliances category, down 0.7%
year over year; Consumer Electronics was down by 0.8%; the Appliance
category remained flat; U.S. Apparel decreased 3.7% for second straight
negative month, mostly in Men’s Apparel, down 10.4%, Footwear by 7.3%,
and Women’s Apparel, down 6.1%. For more on SpendingPulse, please visit:
http://www.mastercardadvisors.com/us/advisors/en/merchant_solutions/ms_spendingpulse.html

2010 RETAIL SALES
Luxury: +9.7%
Jewelry: +6.4%
Electronics: -0.8%
Appliances: -/+0%
Clothing: -3.7%

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INSIDE and CPI Get Discover Approval for Contactless Stickers

NFC provider INSIDE Contactless and card producers CPI Card Group have announced they have received type
approval from Discover for mpayment
stickers based on INSIDE’s “MicroPass 4002” contactless payment
processor. Incorporating the “Discover Zip” payment application, the
certified stickers contain all the functionality of a traditional
Discover credit, debit or prepaid card, and enable Discover card issuers
to offer their customers the additional convenience of using their
mobile phones or other portable devices to make contactless payments
anywhere using the Discover Zip standard. The “MicroPass 4002” chip became the first Discover-certified Zip
implementation on the market in 2007. These Discover stickers combine
the MicroPass 4002 with a uniquely tuned RF antenna in a compact prelam
that features an innovative shielding design that improves performance
in payment sticker applications.
With the MicroPass 4002, card manufacturers and issuers gain
leading-edge capabilities while preserving complete backwards
compatibility with existing personalization, acquiring and acceptance
devices.

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