Sample PCI Policy Templates for PCI DSS V3.0 Now Available

Merchants and service providers can now download hundreds of high-quality PCI policy templates from the undisputed global leader at pcipolicyportal.com. Since 2009, pcipolicyportal.com has been assisting companies all throughout the word, from Cape Town, South Africa to Charleston, South Carolina, so turn to the trusted experts today for industry leading PCI policy templates.

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Fime introduces EMV migration consulting

Fime payments consultancy launched a customized consulting offer to help US payment card issuers and acquirers accelerate their move to secure EMV chip payments.Designed specifically for the unique and complex U.S. payments industry, FIME’s EMV chip consulting packages can ensure successful, cost-effective and efficient migrations for organizations of any size and at any stage of implementation. FIME has extensive experience consulting issuers and acquirers on global EMV chip implementations from initial education through to successful implementation.

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Ingenico Announces Latest Client

Ingenico announced the opening of a new branch office in Morocco. This new office is part of the company’s geographic expansion strategy which seeks to closely answer customers and partners needs to optimize its level of service on each continent. Ingenico will continue to deliver more advanced and innovative solutions answering needs of all types of customers, such as banks, micro finance institutions, retailers, ID & Gov, vertical market and PSP’s.

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U.S. NIM 2013

The net interest margin (NIM) for major U.S. credit card portfolios has been edging down since mid-year 2013, according to CardData. Capital One, the NIM leader among major U.S. issuers, posted a 35 basis point decline in NIM for the first quarter. Capital One’s U.S. NIM for 2013 was 13.1%. Citibank’s NIM declined 31 basis points in the first quarter for its domestic card portfolio. Citibank’s NIM for 2013 was 9.7%. The Chase NIM for U.S. cards dropped 12 basis points in the first quarter. Chase’s NIM for last year was 9.7%. Meanwhile, American Express’ U.S. NIM was flat in the first three months of this year. For 2013 the AmEx U.S. NIM was 8.9%. The Discover NIM for 2013 was 10.1%, the second highest among the top issuers. Discover will be releasing its first quarter report next week.

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Amex Serve Now Sold at Walmart

American Express today announced its full service reloadable prepaid Account, American Express Serve, will be available for purchase at 4,100 Walmart stores nationwide. These Walmart stores will also become a part of Serve’s free cash reloading network. This means Serve customers can now add cash to their Account for free across 19,500 U.S. Walmart, CVS/pharmacy®, and participating 7-ELEVEN® locations.

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Fifth Third Posts 1Q/14 Net Income of $318mm

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fifth Third Bancorp reported first quarter 2014 net income of $318 million versus net income of $402 million in the fourth quarter of 2013 and $422 million in the first quarter of 2013. Net income available to common shareholders was $309 million compared with $383 million in 1Q/13, and $413 million…

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Domino’s Adds Google Wallet

Domino’s Pizza is adding even more convenience to its customer experience by integrating Google Wallet with its Android ordering app. Domino’s customers who have an Android device can now pay for their online orders using Google’s digital wallet. Domino’s customers who place an online order of $10 or more using the Android ordering app and pay by selecting the “Buy with Google” button at checkout will receive a free order of Domino’s new Specialty Chicken, now through June 15.

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NetSpend, Western Union Launch Co-Branded Prepaid Card

NetSpend, a TSYS Company and prepaid cards, partnered Western Union to develop an innovative co-branded prepaid card, available later this year. With approximately 68 million Americans are financially underserved without access to traditional forms of banking, many are turning to prepaid cards to spend, save and manage their money. With nearly 18% currently underbanked, NetSpend and Western Union will jointly develop the co-branded card’s custom features through NetSpend’s proprietary, fully integrated payments platform, and plan to deliver the card through a portion of their combined distribution networks later this year. NetSpend maintains an extensive network of 70,000 distribution locations and 130,000 reload points. Western Union offers its services in the U.S. through a network that includes banks, national retail and grocery chains and independent locations.

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MasterCard Nominates Additional Board Members

MasterCard Incorporated announced that its Board of Directors has nominated Julius Genachowski and Merit Janow for election as independent directors at the company’s June 3, 2014 annual meeting of stockholders. Genachowski is managing director and partner at The Carlyle Group and served as Chairman of the U.S. Federal Communications Commission. Janow serves as Dean of Columbia University’s School of International and Public Affairs and has been a professor and served in various leadership positions at Columbia for the past 18 years. Janow served as a member of the Appellate Body of the World Trade Organization, following her tenure as Executive Director of the International Competition Policy Advisory Committee of the U.S. Department of Justice and Deputy Assistant U.S. Trade Representative for Japan and China.

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Discover Financial Services Announces $3.2 Billion Share Repurchase Program

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Discover Financial Services announced that its Board of Directors has approved a new $3.2 billion share repurchase program and increased the quarterly common stock dividend from $0.20 to $0.24 per share. This replaces the prior $2.4 billion share repurchase program. The company expects to make share repurchases from time to time…

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NCR Announces Latest Client Expansion

Bricks & Minifigs is now the largest aftermarket Lego store in the country with seven stores, including five family-owned franchise locations and two corporate locations throughout the United States. In need of an integrated mPOS system with sales, inventory and customer engagement capabilities from a provider that understands the retail space, they signed with NCR to deploy its Silver POS solution. Employees find that helping customers is easy with Silver since current inventory and customers’ purchase histories are both just a click away. The mobile POS also streamlines operations and helps the retailer operate with real-time data and customer information just as an e-commerce site does. Bricks & Minifigs uses the NCR solution to manage their email marketing campaigns and loyalty programs.

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