The Home Depot has transitioned to Fujitsu “U-Scan” self-checkout software in their U.S. and Canadian retail stores. The “U-Scan” application has open integration architecture utilizing a unique Virtual POS to enable retailers to implement business critical POS software changes while avoiding costly and complicated self-checkout re-integration and lengthy testing cycles. The self-checkout software provides retailers an open platform that can run on other self-checkout hardware platforms; offers the flexibility to quickly make changes to their POS system; can be easily customized to give retailers a unique experience; and its messaging framework architecture allows customer’s POS to communicate efficiently and directly with the U-Scan self-checkout software.Details
CompSource eCommerce electronics retailer in the United States, has signed an agreement to integrate Mazooma online debit payment solution for U.S. consumers on its website, www.compsource.com. This allows CompSource customers to pay directly from an online back account by selecting Mazooma at checkout, offering convenience and security. Mazooma supports 75 percent of all consumer bank accounts in the U.S. and has no jurisdictional limitations. The debit payment solution is being enabled with CompSource through OH-based Cardinal Centinel technology platform for enabling alternative payment brands in both eCommerce and mobile Commerce.Details
Totaldebtrelief.net is recommending debt settlement as an alternative to bankruptcy.
As has recently been made public by FICO, a bankruptcy filing will cause the consumer’s credit score to drop by up to 260 points and will remain on the consumer’s credit record for 10 full years. During this time it will be virtually impossible to obtain needed credit. Consumers who file bankruptcy can also expect to be required to pay hefty fees when requesting future utilities such as gas, electricity, home phone, cell phone, water, etc. The consumer who files for bankruptcy can also expect to be denied an apartment rental as well as possibly be passed over for a job, as more and more employers these days perform credit checks as part of their routine job applicant screening process. When it comes to debt consolidation/home equity loans, what the consumer in fact is doing is exchanging unsecured for secured debt — thereby risking losing their home if they are unable to make their home equity loan payments. The most effective debt relief program in existence today is known as Debt Settlement. This program achieves debt elimination of 50% or more in almost all cases without the need for a bankruptcy filing.
First Data electronic commerce and payment processing converted National Bank of Kuwait’s credit card portfolio to “FirstVision” global issuing and consumer finance processing solution, in conjunction with the renewal of First Data’s processing contract with the bank for an additional five years. The contract stipulates First Data will continue to provide a range of processing solutions and fraud management services to the bank for its credit card portfolios. National Bank of Kuwait has been a First Data client since 2001 and conversion to FirstVision has enabled the bank to expand further beyond its domestic market and offer credit cards in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates.Details
Citi’s “Instant Citi Rewards” program has been introduced to its more than one million credit cardholders in the Philippines. The program allows cardholders
instant reward redemption at many stores and restaurants nationwide when cardholders use Citi Classic Visa and MasterCard, Citi Gold Visa and MasterCard and Citi
Platinum Visa to pay for up to 50% of their purchases. The “Instant Citi Rewards” can be used when the cardholder informs the merchant that partial payment
will be made with Citi Rewards Points. Any portion of the bill can be paid using accumulated points and the rest to their credit card. There are no expiration
dates for Citi Rewards Points and users can enjoy exclusive privileges at partner establishments.
Gemalto digital security has provided a secure procedure to customers in Germany to address the card outage on New Years, which was verified and approved by the German banking authorities on January 7. Keeping the concerned EC cards and credit cards fully compliant with the German card banking system, Gemalto is supporting bank customers in resuming full normal operations, creating a strong secure software solution concerning the affected cards to avoid reissuing. Gemalto will book a special provision to cover the potential consequences related to this event, somwhere in the range of 6 to 10 million euros as part of 2009 results, modifying accordingly GemaltoÃ¢ÂÂs expectation of around 180 million euros adjusted EBIT for the year by the same amount.Details
Enterprise software solution provider Epicor has released the “Epicor Secure Data Manager” integrated system validation for payment card security. Epicor Secure Data Manager is a comprehensive standalone
payment-handling solution that achieves single Payment Application Data
Security Standard (PA-DSS) validation across multiple retail systems
while also providing authorization and settlement functionality.
With Epicor SDM, payment card information is
securely stored in a central repository where PA-DSS requirements are
consolidated and managed. By handling data from inception through storage, Epicor SDM maintains data privacy by providing
neighboring applications with a token for reference rather than specific
credit card details. Connected systems then pass this token into the
data stream, and Epicor SDM utilizes the token’s data to determine the
credit card information needed for processing each transaction. In addition to integrated system validation, Epicor SDM also includes
Authorization and Settlement features, including Centralized Key
Management, Secure Data Service for encrypting securing data, Secure
Payment Service for storing and retrieving payment records, and Payment
Capture Service for Point-of-Sale transactions.
Arcot has introduced its “ArcotOTP” EMV authentication solution for cardholders to authenticate “Card Not Present” transactions using their mobile phones to lower the cost of providing EMV authentication. Increasing convenience for cardholders on the go, “ArcotOTP” can be used by the hundreds of millions of EMV cardholders and allows them to use their mobile phones to secure e-banking, e-commerce, and telephone orders, among others. The mobile application combined with the Chip Authentication Program solution from MasterCard, increases security, reduces the risk of fraud and makes it easy for cardholders to shop or bank online. It also extends the range of devices available for MasterCard CAP authentication and provides customers the ability to authenticate with an application on their mobile phones, which now can be used in place of the card reader to generate the single-use password.Details
First Data Corporation electronic commerce and payment processing has converted the National Bank of Kuwaitâs credit card portfolio to its own “FirstVision” global issuing and consumer finance processing solution. With this conversion comes the renewal of First Data’s processing contract with the bank for an additional five years. The contract stipulates First Data will continue to provide a range of processing solutions and fraud management services to the bank for its credit card portfolios, allowing the bank to expand further beyond its domestic market. With this, NBK plans to offer credit cards in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.Details
Net1 Universal Electronic Technological Solutions of Net1 UEPS Technologies has secured agreements with the Iraqi government, having enrolled its one millionth beneficiary in January. Net1’s UEPS system was implemented in Iraq in August of 2008 and is currently used for the distribution and payment of government grants to war victims, government pension payments to beneficiaries, salary and wage distribution and payments to employees of the two state banks. Net1 expects to deliver the newly ordered cards over the remainder of fiscal year 2010. Net1 provides its universal electronic payment system (“UEPS”) as an alternative payment system for the unbanked and under-banked populations of developing economies, consisting of an estimated four billion people.Details
Stratus Rewards of Stratus Media Group has partnered with The British Academy of Film and Television Arts / Los Angeles (BAFTA) in which Stratus Rewards will be the official credit card and presenting sponsor for BAFTA/LA for the coming year. Kicking off the annual Tea Party before the Golden Globe Awards on January 16 at the Beverly Hills Hotel, the partnership intends to expand awareness of Stratus Rewards to those who desire luxury, access and exclusivity, while providing members unique BAFTA experiences and exclusive access to key events over the coming year. Stratus Rewards, a by-invitation-only lifestyle club offering a globally accepted credit card, was created to support and enhance the affluent lifestyle and forge new territory through club partnerships.Details
ACI Worldwide has added a number of “tier one” retailers with its “On Demand”
service and the “ACI Retail Commerce Server” version 4.6. In 2009, ACIâs growing
On-Demand service offer added a top-ten US grocer
and a top-15 quick service restaurant to this market-leading solution.
Additionally, ACI renewed contracts for two of the worldâs largest
retailers. Another noteworthy addition to ACIâs retail customer base is
a top-25 US grocer. In September 2009, ACI made Retail Commerce Server version 4.6 available
to the market. Retail Commerce Server provides enterprise payment
acceptance authorization, switching, rewards and loyalty management,
gift and stored value card management, and enhanced loss prevention with
refund and check authorization tools. Retail organizations manage their
electronic payments with an integrated suite of product solutions from
ACI allowing them to execute a comprehensive and strategic electronic
payments and loss prevention program. The new version, responding to customer demands for ever-higher system
availability, delivers dual site processing in a real-time environment
using an active:active configuration. This means that retailers, for
whom Retail Commerce Server is critical to their store systems, can
ensure 100 percent availability of their payment system, gift card,
loyalty and risk management tools. It allows two instances of Retail
Commerce Server and two instances of databases to run as companions and
have the databases replicate data in seconds.