Payment Alliance International and BECU Partner

Payment Alliance International and BECU jointly announced today that they have entered into an agreement to brand 138 ATMs located at Rite Aid stores in Washington state. PAI will own and operate all of the ATMs inside Rite Aid stores. BECU members will enjoy surcharge-free access and convenience at BECU-branded ATMs in Rite Aid stores for cash-only transactions. The agreement creates one of the largest ATM networks in the area with more than 300 BECU-branded ATMs in the Puget Sound region and 350 plus BECU-branded ATMs in the state of Washington. PAI operates one of the largest ATM networks in the United States, with equipment at more than 60,000 retail locations across the country. As part of the network, the company provides ATM services for approximately 1,500 Rite Aid locations nationwide.

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Magento Adds Credit Card Payment Extension

First Atlantic Commerce (FAC) today announced its technology partner, Tropical Web Shop, has developed an extension for the leading eCommerce platform, Magento, enabling merchants to gain simple and easy access to the software. Tropical Web Shop has created an extension to the software, which adds the credit card payment functionality for the overall eCommerce system. The e-Commerce First Atlantic Commerce Payment Gateway Extension for Magento CE is now available direct from Tropical Web Shop, saving merchants time required to customize their integration and configure it to FAC’s payment gateway.

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Credit Unions Select DNA from Fiserv

Fiserv, Inc. today announced that four Puerto Rican credit unions have selected the DNA(TM) account processing platform through USICOOP, a San Juan-based cooperative. With combined assets of nearly $1 billion, the four credit unions will use the DNA platform to improve efficiency and provide the technical foundation to attract additional credit unions to the co-op. Serving a combined membership of over 100,000, Credicentro Coop, MaunaCoop, CamuyCoop and CoopRincón created USICOOP in 2013 to cost-effectively transform their enterprise technology. After a thorough evaluation of core platforms, USICOOP selected DNA, and with it, plans to lead a technological transformation in Puerto Rico’s financial services industry.

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Cryptomathic Selected by LuxTrust

e-security solutions provider, Cryptomathic, has announced that LuxTrust, Luxembourg’s primary provider of digital identity and data security services, has implemented Cryptomathic Signer. The solution will provide a nationwide e-Signature service that will enable residents to securely and conveniently access banking and government web services, and digitally sign legally binding transactions or online forms from any location. The central signing scheme allows Luxembourg residents to use their standard credentials and a single user-friendly authentication mechanism to access multiple online applications from any organisation connected to the LuxTrust service. An essential component for the service is the Cryptomathic Signer, a pioneering central server that delivers advanced digital signatures with virtual chip cards.

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OTI Ships 10,000 NFC Readers

On Track Innovations Ltd. has received an initial purchase order for 10,000 Saturn 6500™ readers from a leading U.S.-based systems integrator serving the unattended point of sale market segment. The Saturn 6500 is a secured NFC and contactless reader built specifically for the unattended machine market, providing quick and easy support for electronic payments. Such cashless payments can increase sales by 20% or more since it does not limit the purchase to the cash in a customer’s pocket.

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Neiman Marcus Reports Breach

As the credit card industry is still digesting the Target breach, what it means for customers, and how much it will cost, it looks like there was another victim over the holidays. Neiman Marcus confirmed over the weekend that it appears some of their credit card information from customers was breached and then used fraudulently . There is no official release of specific data compromised or how many people it may have affected.

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First Data Announces Latest SpendTrend Analysis

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data released its “SpendTrend” analysis for Dec. 3, 2013, through Dec. 30, 2013, compared to Dec. 4, 2012, through Dec. 31, 2012, tracking same-store POS data by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks from nearly four million client U.S. merchants. Dollar volume growth of 6.1%…

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Visa Launches Heritage-Based Corporate Platform

Visa launched “Everywhere you want to be” multi-stakeholder communications platform designed to deliver universal access to Visa’s secure digital payments. In the 21st century, “everywhere” transcends card usage at physical locations. It’s about realizing potential and achieving dreams. “Everywhere” now is relevant for a farmer in Rwanda paying school fees on his mobile phone, a jewelry designer in California selling to a global online customer base or a government official in Brazil rebuilding a village using a Visa prepaid card. With a new tagline, as well as a refreshed brand logo, Visa is introducing a new visual identity for one of the most recognized and powerful brands in the world. Visa’s first new spot under the “Everywhere you want to be” tagline is entitled “Flying,” and features U.S. Olympic women’s ski jumping hopeful and Team Visa athlete, Sarah Hendrickson.

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American Express Discount Rate

The average discount rate for merchants accepting American Express cards hit a new low in the second and third quarters of 2013. Over the past seven years the worldwide average discount rate has declined from 2.57% to 2.52%. American Express says there are many factors that will likely result in more erosion. The mix of spending by location and industry, volume-related pricing discounts, strategic investments, and certain pricing initiatives are major factors in the erosion. Despite the decrease in the average discount rate, discount revenue increased 5% in the third quarter as billed business volume rose 7%. American Express notes faster growth in Global Network Services’ billings than overall American Express billings had an impact on discount revenues too. The average discount rate reflects pricing at merchants accepting general purpose American Express cards. It represents the percentage of billed business (both proprietary and Global Network Services) retained by the American Express from merchants it acquires, prior to payments to third parties unrelated to merchant acceptance.

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NCR Announces Latest POS Innovation

NCR announced its fully integrated POS solution and an all-imaging bi-optic scanner. Both solutions are designed to provide retailers with innovative technology that helps provide competitive differentiation by enabling exceptional in-store shopping experiences. NCR is the leader in consumer transaction technologies including retail self-checkout technology and POS terminals with more than a million touchpoints in service. NCR POS solutions handle more than 125,000 transactions per minute. The new imagers and POS solutions are designed to improve operations and fit within the existing footprint of previous NCR devices.The NCR “RealScan” Imager reads 1D, 2D and Mobile bar codes fast and efficiently, provides high-performance imaging with the largest scan zone in its class and enables the ability to improve store security, provide real-time scanner feedback to managers, simplify cashier training and stream live images and videos.The “RealPOS XR7″ features a stylish all-in-one design with versatility, ruggedness and data security, either a 15″ or an 18.5” multi-touch display and is powered by the 4th generation Intel Core processor.

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