Fibernet Completes Yearly PCI DSS and SOC 1 Type II Certification

Fibernet Internet Service Provider passed PCI and SOC 1 Type II Certification security standards. It also received SSAE16 SOC 1 Type II certification. The attestation awarded to Fibernet by Cadence Assurance. All data centers must complete the certification requirements of PCI security. Regulations involve the human resources training programs, restriction of personnel who have physical access to the data center, and protection against environmental hazards. Fibernet Corp. has completed SOC 1 Type II certification, which requires demonstrable compliance to the standards for an entire year; Type I certification only requires compliance at the time at the time of attestation. Fibernet Corp is one of the first businesses to become an approved service provider by the credit card industry.

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Payleven Partners on Distribution With Ingram Micro

Payleven mobile card payments partnered Ingram Micro IT products, making its Chip & PIN card reader widely distributed through Ingram Micro in Germany, Austria, the Netherlands, Italy, Belgium, the UK, Spain and Poland. This is important in making freely available commercially mobile card payments. The Chip & PIN bluetooth card reader, the most secure solution for mobile card payments on the market, is a world first in the distribution portfolio of Ingram Micro. The Chip & PIN card reader from payleven connects via bluetooth to an app on a smartphone or tablet. This gives small and medium-sized businesses, from restaurant owners, to shop assistants, to taxi drivers the opportunity to accept debit or credit card payments on-the-go.

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American Express and CFO Research Shows Trends on IT

American Express research indicates 96% of U.S. senior finance executives agree they will need to extract much greater value from financial and operating data in 2014. When considering where IT improvements could offer the most value to growth plans, nearly half (48%) say cutting costs, while the other half (48%) take a more insights-driven approach, citing effectiveness through analytical tools as the most valuable way IT can contribute to growth. To that end, 40% of surveyed executives say they plan to increase real spending on IT by 10% or more over the next year. However, while many senior finance executives plan to increase IT spend, only 8% plan to increase spend by 30% or more. The top three goals cited for mobile improvements are Providing employees with better data retrieval capabilities (42%); Enabling employees to share data and make better real-time decisions (34%); and Providing employees with up-to-the minute access to data (30%).

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Cipurse-Compliant Contactless Cards in Circulation

The world’s first contactless smart cards compliant with the CIPURSE open security standard provide a convenient and cashless way to pay for services such as taxi rides or use health care. Manufactured by Giesecke & Devrient (G&D), the cards are based on a CIPURSE-compatible contactless security controller from Infineon Technologies. Initially defined for flexible and contactless transport and ticketing systems, CIPURSE also allows the flexible combination of identity and payment functions in mobile devices or multiple application cards. CIPURSE is highly flexible and allows the combination of multiple transport- and ticketing applications on a single card. The cards can also easily support identity or payment functions. Utilizing the advanced AES 128 encryption algorithm, CIPURSE enables fast and secure transactions. Furthermore, a certification process ensures compatibility of CIPURSE products from different suppliers. This combination of features makes CIPURSE an ideal solution to implement open and future-proof contactless systems without compromising on security.

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MasterCard Opens New Intl Office

MasterCard announced the official opening of a local representative office in Dhaka, Bangladesh. The first in the industry to inaugurate an office in Bangladesh, MasterCard marked the occasion with an opening ceremony, which was graced by Guest of Honour Atiur Rahman, Governor of Bangladesh Bank as well as Nurul Amin, Chairman of Association of Bankers, Bangladesh (ABB). Also present at the ceremony were Ron Garrow, chief human resources officer, MasterCard; Ari Sarker, division president, South Asia, MasterCard; Vikas Varma, area head, South Asia, MasterCard; and Syed Mohammad Kamal, country manager, MasterCard Bangladesh; among other MasterCard executives, members of the media, as well as local and international banks and financial institutions. This is based on the growth potential of the market driven by the growing middle class and e-commerce. Situated in the heart of Gulshan, Dhaka, the Bangladesh office will be headed by Syed Mohammad Kamal, country manager, MasterCard Bangladesh.

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SumAll Deploys MasterCard eCommerce Analytics

SumAll partnered Simplify Commerce by MasterCard, allowing its merchant clients to accept e-commerce and mobile commerce payments in a matter of minutes. SumAll’s data visualization service is unique in the world of SaaS (Software as a Service) and now serves more than 100,000 companies from small and medium-sized businesses to Fortune 500 companies. At its heart, SumAll connects data to provide real-time correlations as to what is driving revenue and marketing efforts. The service lets operators leverage their data to make better business decisions, improve sales, increase customer service and maximize their profitability. Adding Simplify Commerce™ by MasterCard to SumAll’s services offers a new dimension to the company’s powerful range of online and offline data partners that, when analyzed together, allow SumAll users to gain unparalleled marketing and business insights.

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Western Union CFO Steps Down

Western Union announced Scott T. Scheirman, Executive VP and CFO, will be leaving the company on February 28, 2014. He is to serve as a senior advisor to the Company while a search is conducted with internal and external candidates. Raj K. Agrawal, Executive VP and President of Western Union Business Solutions, will serve as Interim CFO. Agrawal has served as an Executive Vice President of the Company since November 2011, and President, Western Union Business Solutions since August 2011. Mr. Agrawal served as General Manager, Western Union Business Solutions, since November 2010, and as Senior Vice President of Finance, from August 2010 to November 2010.

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Isis Launches Latest mWallet

Isis’ latest Mobile Wallet is now available to consumers for download in the Google Play app store and at thousands of AT&T, T-Mobile and Verizon Wireless retail stores nationwide. The Isis Mobile Wallet allows customers to pay at contactless payment terminals, and to save money through special offers and loyalty cards at participating merchants – all from their Isis Ready® smartphone. The Isis Mobile Wallet allows consumers to shop and pay using their mobile phone, by securely storing virtual versions of a customer’s participating credit or prepaid cards, as well as coupons and merchant loyalty cards. To use the Isis Mobile Wallet, customers simply select a payment card and tap their smartphone on the point-of-sale terminal. The redesigned Isis Mobile Wallet features a simplified user interface with a clean, white background and easy-to-navigate toolbars. Isis Mobile Wallet users can get 20 percent back every time they tap to pay using their American Express Serve Account for up to $200 in statement credits.

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NCR Announces Silver 3.0 POS

NCR released its NCR Silver POS for iPad, offering support for multiple locations to scale to meet the needs of retail shops, cafes, bakeries, restaurants or any small business that is expanding. With easy-to-use tools and reports, owners can manage items across all their sites, see a consolidated view of site sales data, and still easily navigate to individual locations for site-level details. Small business owners get more control with the ability to set user roles like Cashier or Manager and to assign permissions so they can grant or limit access to functions such as price override, discounts, returns, voids and tip adjustments. NCR Small Business has introduced Silver Sidewalk a customer community portal where NCR Silver customers can interact with each other, explore product features, search the knowledge base, find helpful tips and get assistance from the Customer Care team.

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Virtual Piggy Partners Payelp Payment Platform

Virtual Piggy partnered with Payelp Global e-commerce and business development platform, currently used by companies such as Valve, Riot Games, Skype, Apple iTunes, and PayPal. Their payment service processes over 446,000 transactions per minute and is available in over 74 countries on 300 different payment gateways. Virtual Piggy will integrate directly into the Payelp framework. Virtual Piggy is the only COPPA-compliant payment technology designed to allow retailers and game publishers to reach under 18 consumers in a safe, legal and effective manner. The award-winning technology serves as a family wallet that is available online or via mobile, and is 100% free to use. Virtual Piggy promotes financial management while empowering youth under 18 to make purchasing, saving and other money management decisions for themselves, within a parental controlled environment.

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