FDC & ReD Offer Multi-Layer Fraud Prevention

First Data and Retail Decisions have teamed to offer an enhanced fraud detection solution for First Data’s global online merchants that will reduce chargebacks and manual validation expenses. First Data currently provides merchants with an array of risk and fraud solutions and will now offer a fraud prevention tool fully integrated with its payment processing capabilities for worldwide e-commerce merchants. Using ReD’s neural scoring and predictive technologies, fraud will be identified and reduced without the prevention or delay of good transactions.

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alphyra Introduces SMART TRANSFER via PAYZONE

alphyra has launched “SMART TRANSFER,” a new International money transfer service on its “PAYZONE” network. The “SMART TRANSFER” service lets customers transfer money internationally to friends or family using the “PAYZONE” network of payment terminals, at retailers and convenience
stores UK-wide. The service will be available through selected outlets
initially across the UK, and will offer consumers competitive transfer
rates, with savings of over 60% compared with other services such as
Western Union and MoneyGram, according to alphyra.

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TNS & MEI Target Vending for Payment Cards

Transaction Network Services and Mars Electronics International have partnered to provide vending customers with the ability to purchase items via cash, coins, debit or credit cards supported by MEI’s “Remote Data Port” technology. The MEI Remote Data Port provides the added benefit of supporting the MEI EASITRAX(TM) Vending Management System, which offers dynamic scheduling, machine status alerts, curbside polling that eliminates the “first walk” to the machine and many other functions enhancing control and efficiency. TNS is a leading provider of point-of-sale (POS) transaction processing networking in the country and is Pepsi trademark-authorized for credit and debit card vending transactions. MEI serves the unattended payment system markets in bottling and full-line vending, gaming, retail and transit. It holds the largest installed base of vending payment systems.

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Ontario Systems Names New Executives

Ontario Systems has appointed Jay P. Moorman vice president of client services and W. Douglas Allgood was elected vice president of
research and development. Moorman previously served as Ontario Systems’
support services director and has worked for the software developer for
nearly 12 years. Allgood was most recently vice president of enterprise application services for Chemtura Corp. Aditionally, Brad Chenoweth, who most recently served as vice president of client services, was named vice president for the sales and marketing communications groups, returning to a group where he began his career at Ontario Systems.
Ontario Systems provides debt collection software to organizations
that manage large volumes of accounts receivables.

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CyberSource Fraud Screen Now Available

CyberSource Corporation and Visa Canada announced the availability of
CyberSource “Advanced Fraud Screen” enhanced by Visa to the
Canadian market. “Fraud Screen” provides fraud risk
prediction scores. It does so through behavioral scoring by assessing over
150 order variables such as Canadian and international address validation,
order frequency, and order history. Risk scores are typically calculated
in less than 2 seconds. The service is further enhanced by Visa’s Virtual
Intelligence Risk Technology, which provides ongoing model updates using
knowledge of global fraud trends and online and offline payment card usage
patterns to improve fraud detection accuracy for card-not-present
merchants. CyberSource Corporation is a provider of electronic payment and
risk management solutions.

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National City Consolidates Rewards Program

OH-based National City has launched a new comprehensive bank rewards program. Customers earn points for debit card, credit card, bill payment, check writing transactions as well as home equity or small business line of credit. The program enables small business owners to combine their business and consumer points into one account. Families also can accelerate accumulation of points by consolidating multiple accounts from one household. Additionally, customers can choose to accumulate points for larger rewards, with a four-year redemption window. National City will support the launch with a fully integrated outdoor, print, online and television campaign.

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Al Rajhi Bank to Deploy Biometric Opteva ATMs

Al Rajhi Bank has purchased 240 “Opteva” ATMs through Diebold’s business
partner in the Kingdom, Alhamrani Universal Company. Diebold’s Agilis
software will enable the integration of biometric technology in Opteva
terminals purchased by the bank. Diebold will manage the implementation
of 82 biometric terminals, providing overall development of the biometric
software solution, and will create a customized user interface in the
local language. The biometric units will be deployed at Social Security
offices throughout Saudi Arabia. The machines will allow 400,000 retirees
to access monthly retirement payments. The biometric technology will
replace the use of PINs for the authentication of identity.

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DRFS Hires a New Chief Financial Officer

Los Angeles-based Direct Response Financial Services has hired Daniel Brandt as its CFO. Brandt will immediately assume all responsibilities as Chief Financial Officer for the Company. This will include financial oversight of the rapidly expanding Direct2Own division as well as Direct Card Services, LLC. Brandt was educated at Arizona State University where he obtained degrees in International Business, Supply Chain Management and Spanish. Direct Response Financial Services, Inc. provides financial, technology and marketing solutions for serving unbanked and under-banked consumers. Direct2Own enables individuals with no credit or sub par credit to purchase items such as computers, televisions, cell phones and audio equipment with just a small down payment and affordable monthly payments.

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Diners Club Rewards Adds Surprises

Diners Club this week released its latest “Club Rewards” catalog which now includes “Club Rewards Surprises,” and also announced the addition of EVA Airways Evergreen Club and SpaWish.com to its program. Cardmembers can now use points for an exclusive three-day E. & J. Gallo Winery experience in California’s Sonoma Wine Country or for tickets to one of Hollywood’s premier primetime television awards shows. Newly established partnerships with TicketsNow and Broadway.com provide the option of using Club Rewards points for sporting events, concerts and theater productions nationwide or for Broadway and Off-Broadway show gift certificates. Cardmembers looking to race their own stockcar, redeem for ski pass certificates accepted at more than 200 resorts in North America or float in a hot air balloon now have the option of doing so with new experience offerings.

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INDIATIMES VISA

Mumbai-based ICICI Bank and Indiatimes have teamed to launch a co-branded rewards credit card. The new “Indiatimes ICICI VISA” offers 10% cash-back on most online purchases made on the Indiatimes shopping portal. The card also produces 5% cash-back on air travel tickets sold via the Indiatimes shopping portal. Additionally, cardholders are eligible for discounts up to 40% on certain Indiatimes purchases. Furthermore, cardholders earn four reward points for every Rs 200 spent at Indiatimes. The points are redeemable for purchases on the shopping Web site. Indiatimes has set up a special section on its Web site, called “ShopMore” which is for the exclusive use of “Indiatimes ICICI VISA” cardholders. There are currently 1.8 million consumers shopping on the entire Indiatimes Web site which includes more than 500 merchants.

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Pay By Touch System Expands in the Midwest

After testing the new Pay By Touch biometric payment system in Portland, Oregon for a year, Albertson’s has decided to expand its deployment of the biometric payment systems in its Jewel-Osco stores throughout the Midwest. The rollout began in the Chicago area early this year and is expected to be completed in all 204 Jewel-Osco stores this month. To date, Pay By Touch has more than 2.3 million shoppers using biometric authentication products and services at more than 2,000 locations nationwide. Last month the Company landed its first merchant in Alabama. Also in February Pay By Touch launched “Pay By Touch Online.” This month Pay By Touch launched its first UK implementation at the Midcounties Co-operative supermarket in Oxford. (CF Library 2/3/06; 2/7/06) (CFI Library 3/14/06)

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