Pensio and ReD payment and fraud prevention solution

Pensio, the Danish payment management specialist, and leading global fraud prevention provider ReD, have announced a new partnership that is offering an integrated, tailored fraud screening solution to Pensio’s broad range of merchant customers. The first merchant to take advantage of the integrated service is progressive retailer LN-CC. David Hobson, ecommerce Director at LN-CC said, “As we expand our global online presence, it’s vital that we have the right fraud detection in place to protect our business. By working with Pensio and ReD we achieve that for every type of payment instrument.”

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Citigroup Net Profit Doubles

Citigroup reported today a 4Q profit for 2013 at double that of its 4Q profit of 2012. Net Income was at $2.7 billion on revenues of $17.8 billion for 4Q/2013 compared to net income of $1.2 billion on revenues of $17.9 billion for 4Q/2012. CVA/DVA was a negative $164 million ($100 million after-tax) in the fourth quarter, mainly resulting from the improvement in Citigroup’s credit spreads, compared to negative $485 million ($301 million after-tax) in the prior year period. Excluding CVA/DVA, fourth quarter revenues were $17.9 billion, down 2% from the prior year period. Fourth quarter 2013 results also included a $189 million after-tax benefit related to the divestiture of Citi’s Credicard business in Brazil, while results in the prior year period included a $1.0 billion repositioning charge ($653 million after-tax). Excluding CVA/DVA, the impact of the Credicard divestiture in the fourth quarter 2013 and the fourth quarter 2012 repositioning charge,6 earnings were $0.82 per diluted share, up 19% from the prior year period.

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Visa Metrics 2014

Visa has decided to no longer provide financial metrics for marketing expense, capital expenditures and tax rate for fiscal full-year 2014. However, for fiscal full-year 2014 Visa did provide financial metrics on net revenue growth and client incentives as a percent of gross income. Visa expects annual net revenue growth to be in the low double-digits on a constant dollar basis, with an expectation of two percentage points of negative foreign currency impact for fiscal full-year 2014.

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Computop Launches Updated Payment Platform

Computop PSP made available its Computop Paygate 6.0. This latest version of the company’s multichannel global payment platform offers new features and functionality that make it even easier and faster for merchants to conduct business both domestically and internationally, and is fully SEPA enabled in preparation for the pan-European payment harmonization initiative due to go live in February and August 2014. The release of Computop Paygate 6.0 extends yet further the choice of international and domestic alternative payment and processing methods available to support consumer preferences. Paygate 6.0 sees Computop significantly extend its local market presence in a number of key global territories.

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Aptito mPOS Now Visa-Ready

Net Element mpayment and value-added transactional services announced Aptito cloud-based POS payments platform is now Visa-Ready for their mPOS solution. Aptito helps restaurants drive consumer engagement via tablet, mobile and all other cloud-connected devices. Aptito’s mPOS system provides hospitality merchants with tools to increase sales, productivity, and customer loyalty. The solution is a tablet-based POS that combines traditional POS functionality with mobile ordering, payments, social media, intelligent offers, mobile applications, loyalty, and transactional data all in one solution supported by Aptito’s cloud-based payments platform. Restaurants can leverage Aptito to plug into social networks, daily deal promotions and other marketing programs while having the ability to use Aptito’s integrated mobile marketing tools to deploy their own lead generation campaigns and loyalty rewards.

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Inside Secure Upgrades SafeZone FIPS

INSIDE Secure today announced it has upgraded its SafeZone FIPS software cryptographic module to improve security for a broad array of smart connected devices. INSIDE’s enhanced SafeZone cryptographic software enables developers for the first time to build FIPS 140-2 certified applications for Trusted Execution Environments (TEE) based on ARM TrustZone® frameworks. A TEE isolates sensitive operations on smart connected devices from the standard, general-purpose, operating system, providing a safer execution environment for these applications to run within. TEEs have already been deployed in more than 100 million devices, and many popular smartphones now incorporate TEE technology.

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USA Tech Wins 2014 ‘Future 50’ Award

USA Technologies is among the winners of the SmartCEO 2014 Future 50 awards for Greater Philadelphia.The Future 50 awards program recognizes the region’s 50 fast-growth, mid-sized companies, five large blue chip companies and five small emerging growth companies based on a combined three-year average of revenue and employee growth. USA Technologies is to be celebrated at an awards ceremony on January 16, 2014.

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Massive credit card and identity theft scheme

A Ukrainian national charged as part of a multiagency federal investigation into a worldwide online marketplace for stolen personal and financial information was arraigned in federal court Monday following his extradition Friday from Croatia. Operation Open Market, which began in March 2007, targeted an organization known as “Carder.su.” The investigation revealed members of the ring, known as “carders,” were involved in large-scale trafficking of compromised credit card account data and counterfeit credit cards, as well as money laundering, narcotics trafficking and various types of computer crime.

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Primax Enlists First Data for Processing

Primax debit and credit card issuing and merchant acquiring programs, products and services entered into a payments card processing service agreement with First Data. Primax closed on the transaction to acquire the processing business of New England Bankcard Association Inc. (NEBA), a Massachusetts-based association of banks that provided credit card issuing and merchant acquiring programs, products and support services for its members. The Primax acquisition of NEBA processing consolidated the current processing and servicing business of NEBA into Primax and the processing agreement, which was previously between NEBA and First Data, is now between Primax and First Data.

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India CPI Performance

India’s prior “white-hot” economy has been gearing down for the past three years, but so are consumer prices. The year-on-year growth in the OECD Consumer Price Index for India has dropped from 15.3% in 2009 to 10.9% this year. RAM Research projects the India CPI will increase slightly by ten basis points in the fourth quarter. So far this year, India’s Y/Y CPI was up 11.1% in June, declining to 10.7% in Sept and back up to 11.1% in October.

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