EPAY

Euronet Worldwide, an electronic payments distributor, is rebranding its
global Prepaid Division as ‘epay,’ subsequently combining six different
names worldwide. This development marks Euronet’s Prepaid Division from
a prepaid mobile top-up distributor to a major provider of payment
services and technology. Prepaid subsidiaries are already carrying the
epay name while PaySpot, Telerecarga, Movilcarga, Brodos and Transact
have yet to adopt the new branding. The ‘epay’ division hosts a retail
network of approximately 227,000 locations across a number of
international markets, allowing service providers to deliver electronic
payment products and services to consumers throughout the world, having
processed over 700 million payment transactions totaling $11 billion.
Euronet Worldwide processes secure electronic financial transactions for
financial institutions, mobile operators and retailers through
comprehensive ATM, POS and card outsourcing services in 42 countries.

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Visa Announces New PA-DSS Global Deadlines

Visa announced that in Asia Pacific; Central and Eastern Europe, Middle
East and Africa; and Latin America and the Caribbean regions, Visa
acquirers must ensure that newly signed merchants use “PA-DSS” compliant
applications by July 1st, 2010. By July 1st, 2012, those acquirers must
ensure existing merchants and agents in the Visa network use “PA-DSS”
compliant applications. In the U.S. and Canada, Visa acquirers must
ensure that all new and existing merchants and agents in the Visa
network use “PA-DSS” compliant applications by July 1st, 2010.
“PA-DSS” compliant applications do not store prohibited data such as
track data, sensitive authentication data, or PIN data, helping
merchants and agents who use them mitigate compromises and support
overall compliance with the PCI DSS.

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REAL & FDC

First Data electronic commerce and payment services has signed a
merchant services agreement with Real Polish hypermarket chain of the
Metro retail group for its “POLCARD.” In doing so, First Data is to
upgrade Real’s POS network to accept chip-based cards for current EMV
standards and provide installation, maintenance and processing services
for the 4,000 POS terminals at 54 Real hypermarkets across Poland. The
terminals themselves feature cash-back capabilities, offering cash
access as an alternative to ATM use. First Data currently provides
processing services for more than 70,000 terminals and card acceptance
devices throughout Poland.

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MBNA Exec and GTCR Create Palladian Financial

A former top executive for MBNA has teamed with a major private equity
investment firm to form a new payments services company.
Michael Rhodes and GTCR have teamed to create Wilmington, Delaware-based
Palladian Financial Holdings, LLC. The new company will provide a
variety of services related to consumer credit, payments and
loyalty/rewards. Rhodes, a 15-year financial services industry veteran,
was formerly Vice Chairman at MBNA and also as Chief Marketing Officer.
After the sale of MBNA to Bank of America, he became CEO of MBNA Europe
Bank. Rhodes will serve as CEO of Palladian. GTCR plans to invest up to
$300 million of equity capital to support management’s strategy.

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VISA PCI PA-DSS

Visa announced that in Asia Pacific, Central and Eastern Europe, Middle East and Africa; and Latin America and the Caribbean regions, Visa acquirers must ensure that newly signed merchants use “PA-DSS” compliant applications by July 1st, 2010. By July 1, 2012 those acquirers must ensure existing merchants and agents in the Visa network use “PA-DSS” compliant applications. In the U.S. and Canada, Visa acquirers must ensure that all new and existing merchants and agents in the Visa network use “PA-DSS” compliant applications by July 1st, 2010. “PA-DSS” compliant applications do not store prohibited data such as track data, sensitive authentication data, or PIN data, helping merchants and agents who use them mitigate compromises and support overall compliance with the PCI DSS.

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Mobile X Platform Integrates in MS Dynamics POS

OR-based mobile POS solution provider New West Technologies has
integrated the “Mobile X Platform” into Microsoft Dynamics POS 2009.
The new MXP is portable and ready to take Dynamics POS 2009 retail to
the next level with the ability to customize mobile according to POS
experience and behavior. This easy, efficient and cost effective
solution starts simple for the entrepreneur and scales, able to grow
with the business need. MXP is targeted towards industry needs and designed to be customizable
according to your retail specifics and reporting needs.

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T4200 & M4200

Hypercom Corporation has been certified for its 32-bit multi-application
“Optimum T4200” and “M4200” countertop and mobile payment terminals with
the GIE Cartes Bancaires national French payment authority. With this
certification, Hypercom is launching its campaign for the “Optimum
T4200” product series across the country. As France’s top card payment
solution providers, the Hypercom GIE Cartes certification is in addition
to Optimum PCI PED security approval, MasterCard Payment Terminal
Security approval for IP and wireless communication and EMV Level 1 & 2
certifications for chip card transactions. Hypercom global payment
technology offers high security, end-to-end electronic payment products
and services for high security electronic transaction needs for
businesses in more than 100 countries.

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Aite Analyzes Merchant Acquiring Opportunities

A new Impact Report from the Aite Group focuses on three opportunities
that the merchant acquiring industry, card issuers and network should
jump on.
These opportunities include capturing wallet share from other payments
types, increasing merchant satisfaction, and looking at opportunities
from terminal sales and banking-product cross-selling. While ISOs and
acquirers face a decline in the volume of transactions
processed due to reduced consumer spending, opportunities do exist in
merchant acquiring. In particular, ISOs and acquirers need to increase
wallet share, change merchants’ behavior at the POS, and better engage
existing merchants in order to increase their satisfaction level.
Aite Group is a leading independent research and advisory firm focused
on business, technology and regulatory issues and their impact on the
financial services industry.

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SCL & GLOBALPLATFORM

Seoul-based Smart Card Laboratory (SCL) international smart card
solutions provider has joined the GlobalPlatform international
specification body for smart card infrastructure as an ‘Observer
Member.’ With its membership, SCL is allowed to closely track the
debates and activities of all GlobalPlatform card, device and systems
technical committees, is given the opportunity to contribute to various
‘Mobile Task Force’ initiatives and participate in its Advisory Council,
which provide members with direct access to the Board of Directors.
GlobalPlatform is a member driven association with cross-industry
representation from all world continents with an estimated 305.7 million
smart cards deployed while Smart Card Laboratory smart card solution
offers a wide range of products and solutions related to smart cards.

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BARLAYS & VISA

Visa has awarded Barclays Bank Egypt for its marked increase in issued
credit cards and volumes, all the while maintaining quality customer
service. Barclays Bank Egypt end to end customer service focuses on its
‘Customer Life Cycle’, beginning with their first contact until the
clients conduct their first transaction with their Barclaycard. The
division is also committed to receiving customer feedback through post
purchase calls for 100% of its new customers to make sure that they have
all the necessary information. Barclays Bank Egypt growth in the credit
card market is part of a comprehensive plan for growing with the entire
retail sector and is committed to investing greater efforts to expand in
the Egyptian market for raising the awareness of the importance of
plastic card payments.

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Hispanics Avoid the Great Recession Impact

Hispanic households across the country are absorbing the impact of the
recession differently than other American households. Given Hispanics
spend an average of $115 weekly on groceries, more than any ethnic
group, Hispanics are not dining out less frequently like 52% of the
population because the majority never dined out often before the
recession. Also, Hispanics increased their entertainment spending in
2007 and 2008, with such services as movie-at-home, 40% to have no type
of account with a bank, compared to only 21% of non-Hispanics, while
less than half have credit cards. This research, thanks to Mintel,
however shows 76% of Hispanics are only in fair/poor shape while only
31% feel secure financially.

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MerchantWARE TransPort System Introduced

Merchant Warehouse has introduced the “MerchantWARE TransPort”
PA-DSS compliant POS system. “MerchantWARE TransPort” allows point-of-sale developers to remove the
card processing function entirely from their software while retaining
full functionality through a “transaction portal.” The PA-DSS audit
scope may be reduced or eliminated by delegating all of the sensitive
portions of payment processing to “MerchantWARE TransPort”.
Once integrated into a point-of-sale system, “MerchantWARE TransPort”
assumes all of the duties of handling sensitive payment data so that the
POS system never comes in contact with it. When a card is swiped,
cardholder data is collected, prepared, and transmitted via SSL to
MerchantWARE’s secure payment gateway, where it is processed and an
authorization token is automatically sent back to the POS system.

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