Datum Datacentres Meet PCI DSS Compliance

Datum Datacentres is now PCI DSS compliant. Datum provides secure co-location to enterprise and service providers within its highly resilient data centre. The Datum PCI is underpinned by its secure facilities, specific and documented processes, advanced technology and by its people. Focusing on robust and comprehensive standards to enhance payment card data security, the PCI Security Standards council helps organisations ensure the safe handling of cardholder information at every step. The keystone is the PCI DSS which provides a framework for developing a robust payment card data security process.

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RMB breaks into the top ten most-used currencies for payments

A symbolic milestone has been achieved by the Chinese currency, as in both November and December 2013 it was one of the top ten most-used currencies for payments in terms of value.
Over the past three years, the RMB overtook 22 currencies, most recently the Singapore Dollar and the Hong Kong Dollar, and is now trailing the Swiss franc 1.12% to 1.29%. RMB payments remain concentrated in Hong Kong, which has a 74% market share in terms of value, with strong growth seen in the United Kingdom, Singapore and Taiwan.

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Rev Worldwide and UnionPay International Announce Prepaid Partnership

Rev Worldwide and UnionPay International announced Rev Worldwide is now a UnionPay International registered non-bank third party service provider focused on prepaid products. The relationship seeks to grow prepaid market opportunities around the world, leveraging Rev’s proprietary global processing platform, prepaid product set, program management services, mobile and multi-currency platform innovations, along with UnionPay’s international issuer network, leading merchant acceptance network in China, and corporate partnerships. Rev’s proprietary processing platform is currently utilized across the world, responsible for various firsts in the global prepaid industry, and has integrated services that have pushed the travel, mobile and general purpose reloadable segments forward. Beyond its global payments processing capabilities, the company provides key program management services and overall strategic support to partners, allowing them a faster time to market with more flexibility, from product design to implementation and growth.

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EMP Group Furnishes Credit System Support for Woolworths

Woolworths Financial Services entrusted the management of its credit processing and account management systems to the EMP Group for the next five years. WFS is the financial services joint venture between Barclays Africa Group (formerly known as Absa), and the continent’s foremost food and clothing retailer, Woolworths. WFS provides a broad range of financial services products to more than 1.8 million customers in South Africa and Namibia including store cards, Visa credit cards, personal loans, and insurance. Emerging Markets Payments payments solutions provider and processor provides innovative payments solutions to more than 140 banks and 30 000 merchants in 45 countries and operates processing platforms in South Africa, Nigeria, Egypt and Jordan.

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State Bank of India to Deploys OKI ATMs

KI announced the delivery of cash-recycling ATMs, ATM-Recycler G7, to State Bank of India, OKI’s first delivery of its cash-recycling ATM in India. The number of ATMs and CDs operating in India reached 140,000 units in 2013, making it the third largest market in Asia, following China and Japan. The number is expected to continue increasing and approximately double by 2016 due to the Financial Inclusion*1 set by the Reserve Bank of India. Building on the delivery to SBI and leveraging cash-recycling ATMs that contribute to banknote and operation management, OKI aims for 25% share in unit shipments of the Indian ATM market. OKI plans to accelerate global sales development of its ATMs and aims for 40% market share in the global cash-recycling ATM market, namely in emerging markets, where economic growth is expected to continue.

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Multiservice Payment Deploys BPC SmartVista Customs Payments

BPC Banking Open System payment solutions launched a new system which dramatically improves the choice and convenience for customs payments users. The new web-portal for customs payment clearance for customers and the e-declaration service via POS terminals and the internet helps Multiservice Payment System offer improved levels of customer service. SmartVista’s sophisticated capabilities enable Multiservice Payment System to streamline the processing with bank-acquirers and to rapidly launch new services. By providing customers with 24/7 access to the service, the company Multiservice Payment System has been able to significantly reduce costs and workloads on customs offices, while also offering clients a secure, quick and easy to use service. The development, implementation and deployment of the solution, including integration to a number of external systems were completed in only 2 months.

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Global Payments aquires PayPros

Global Payments Inc. announced today an agreement to acquire PayPros which is a California based innovative provider of fully-integrated payment solutions for 58,000 small-to-medium sized merchants in the United States. PayPros delivers its products and services through a network of over 1,000 technology-based enterprise software partners to vertical markets that are complementary to the markets served by Accelerated Payment Technologies, Inc., a Global Payments company since October 2012. Under the terms of the agreement and pending regulatory approvals and customary closing conditions, Global Payments will pay $420 million in cash to acquire PayPros, inclusive of tax assets. The transaction is expected to close by the end of Global Payments’ 2014 fiscal year. PayPros’ calendar 2013 annual revenues are anticipated to be approximately $100 million. Global Payments will provide further details when the transaction closes.

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EVO Payments and ReD Partner

EVO Payments International (EVO) and ReD announced a global strategic partnership to deliver a powerful, fully integrated international payments fraud solution to existing and future EVO ecommerce merchants. The partnership will leverage ReD’s expertise in providing fraud solutions for all payment types and channels present in every part of the payments value chain, to deliver real-time fraud prevention capabilities to EVO’s ecommerce merchants across all of EVO’s geographic and vertical markets, including retail, hospitality, gaming, and financial services. ReD’s solution incorporates ReD Shield®, a real-time, online fraud prevention solution tailored to the requirements of major ecommerce merchants, reducing payment fraud and the need for costly manual reviews.

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Credit Card Spending Limits Highest Since 2008

Experian® today announced an analysis of bankcard trends from the Q3 2013 that showed a 29 percent year-over-year increase in bankcard origination volumes (limits), equating to a $16 billion increase in new bankcard limits issued. The Q3 2013 bankcard origination volume of $73 billion was higher than the conclusion of the 2008 recession, as origination volume in Q4 2008 was $70 billion.

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Online Spending with Visa Fuels Solid Growth

UK consumers’ preference for electronic payments continued to increase in 2013 as Visa Europe announces that spending with UK Visa credit, debit, commercial and prepaid cards increased by 9.2% to £445bn. This is according to Visa Europe’s annual results for the year to 30th September 2013. Spending by UK cardholders with Visa debit increased by 9.3% on the previous year. Debit payments account for over 80% of Visa Europe’s business in the UK. More than £1 in every £3 spent in the UK is now spent using Visa. Growth was also strong in other core areas of the Visa Europe business, with spending on commercial cards increasing by 18.1% and on prepaid cards by 42.8%.

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MasterCard and IDB Sign Agreement

MasterCard and the Inter-American Development Bank (IDB) have recently signed a keystone agreement, as announced at the World Economic Forum in Davos, Switzerland, to work together in an effort to improve economic inclusion, transparency and financial formalization through the expansion of electronic payments in Latin America and the Caribbean (LAC). The five-year public-private partnership is intended to enhance access to information and promote the transition to electronic payment services in the region, which can help reduce transaction costs and increase the efficiency of financial disbursements. Replacing cash-based systems for electronic ones also can potentially reduce leakages, increasing the likelihood that payments and benefits end up in the hands of intended beneficiaries and recipients, helping to improve the lives of the underserved.

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First eChecking Payment Processing App

Hybrid POS Inc. in alliance with Paysoft International, Inc. have teamed up and have designed the First eChecking Payment Processing App for today’s businesses on the Road. Now businesses Nationwide can use their iPhone or Android device to process a collection transaction, using eCheck21 technology. This payment method allows your business to see the deposit same day in your account.

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