Iris Analytics Appoints Chairman

Iris Analytics GmbH Promoted its Managing Director to Chairman. Hanns-Michael Hepp will oversee the prevention and control of electronic payment fraud in his new role. He helped established IRIS Analytics GmbH in 2007. Hepp also helped develop IRIS. His first significant involvement in the German banking industry was to establish credit cards as a mass market product in Germany. During his tenure as Head of Banking Sales at GZS Gesellschaft für Zahlungssysteme mbH, the niche product consisting of 230,000 cards issued in 1984 to 4 million cards in 1993, making MasterCard the dominant credit card in Germany. Hepp has published several scientific papers on fraud prevention and risk control, and pioneered the practical use of artificial intelligence techniques to fight payment fraud in real-time. He previously served on the MasterCard International Security Committee between 1993 and 1997.

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MoneyGram Announces Canada Post Contract Extension

MoneyGram money transfer and payment services company and Canada Post extended their agreement to provide MoneyGram services at Canada Post locations through 2020. Through this collaboration, MoneyGram will continue to offer fast and convenient money transfer services at more locations in Canada than any other provider. In addition to domestic and international money transfers, MoneyGram also offers bill payment services at Canada Post locations, providing consumers the ability to make payments for necessities such as phone services, home mortgages or automobiles.

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TSYS Announces PRIME 4 Contract

TSYS announced it has upgraded to its PRIME 4 card management solution for C. Hoare & Co independent private bank. This will support the bank’s Visa credit and debit card portfolios C. Hoare & Co. is one of the financial institutions across 70 countries that license TSYS PRIME issuer or acquirer solutions. The bank has been a TSYS client since 1992 and upgraded from an earlier version of the platform in order to take advantage of PRIME 4’s future-proof architecture, integrated workflows, increased automation and richer functionality.

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Fundtech unveils wireless card processing terminal

Fundtech launched Mobilescape VX, a device upgrade for its Mobilescape wireless card processing solution. The hardware combines Verifone’s VX 680 POS hardware with Fundtech’s software, transaction processing, wireless service, and customer support. The new handheld terminals include a color touch screen and an ARM11 processor, as well as compatibility with the web-based Mobilescape Manager platform. Mobilescape VX provides U.S. businesses with traveling sales personnel the capability to accept card payments from anywhere via a small, portable device that is compatible with the AT&T cellular network.

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Visa Tech Ctr

Visa moves 500 employees to downtown San Francisco to hobnob with payment innovators. The centerpiece of One Market will be an innovation center designed to provide an immersive experience for clients and partners, where they can interact with Visa subject-matter experts, and explore new products and technologies that advance the payment experience in areas such as mobile, security and cloud-based technologies.

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