SEQR Partners GarantiBank on mPayment App

SEQR is making its first international market entry with its mobile payment application. In conjunction with GarantiBank the app is made available to its customers, who now have access to the most complete mobile payment solution available on the market. More than 200 stores are already signed and Subway Upground, the Bata and For Family networks, Bierhaus 67 and AVE Hotels in Bucharest are among the merchants that are live at the launch. SEQR will also be implemented nationwide in the Nike, Collective, Folli Follie, Converse, KIX, Calvin Klein Jeans, Star Place and Arsis networks, as well as Tabiet teahouse and Antipa coffee shop. Downloaded from iOS AppStore or Google Play, the application connects the user’s current GarantiBank account to the retailers’ cash register or online system via a QR code. GarantiBank is the first financial institution to make SEQR available in Romania.

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NCR Revenue Up 5% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] NCR posted 3Q/13 revenue of $1.51 billion, up 5% from the third quarter of 2012. Third-quarter revenue includes an unfavorable impact of 2% as a result of foreign currency translation. NCR reported third quarter income from continuing operations (attributable to NCR) of $98 million, or $0.58 per diluted share, compared to…

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Virtual Piggy Intros Hackathon Concept

Virtual Piggy (VPIG) will run the first hackathon designed for youth 19 years old and under in the Los Angeles area on Dec 7, 2013. The prizes include over $25,000 in scholarships towards higher education, internship programs at Virtual Piggy, brand new high tech devices including laptops, and a Virtual Piggy prize pack from sponsors. A panel of successful business people will preside over the Hackathon, including Virtual Piggy advisory board member, John Paul DeJoria. The Virtual Piggy Hackathon will be held on December 7, 2013 just before Computer Science Education Week.

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RewardsNOW Partners to Expand Local Merchant Funded Program

RewardsNOW loyalty programs for financial institutions partnered It’s My Michigan, a merchant discount program that offers Michigan residents discounts at thousands of Michigan-based merchants. The partnership with It’s My Michigan will enable RewardsNOW to expand the reach of its Shop Main Street local merchant funded shopping program beyond the metropolitan Detroit area into greater Michigan and is just one of many initiatives planned for the expansion of the Shop Main Street program. RewardsNOW’s innovative local merchant funded rewards program offers participating Shop Main Street merchants access to an easy-to-use online marketing tool where they can create customized, relevant offers designed to meet their own unique business needs and objectives, to attract new customers, and to reward loyal ones. And, unlike daily deals and coupons, Shop Main Street merchants have access to extensive data on customers’ transactions enabling them to analyze and evaluate the effectiveness of their offers.

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Payveris Announces Industry Vets to Exec Team

Payveris online and mobile payments company expanded its executive leadership team with the addition of industry veterans Rich Pelikan and Mickey Goldwasser. As vice president of sales, Pelikan will be responsible for leading all of Payveris’ sales, account management and business development efforts. As vice president of marketing, Goldwasser will be responsible for the planning, managing and execution of all aspects of the company’s marketing, communication and public relations activities. Pelikan joins Payveris from COCC financial institution core data processing and ancillary services provider as head of sales and has held prior business development leadership roles with Fiserv, eFunds Corporation, BISYS Document Solutions and Deluxe Corporation. Goldwasser joins Payveris from Q2 electronic banking solutions for banks and credit unions and has held previous marketing leadership roles with Continuity Control, Eclipsys and Open Solutions Inc. (now Fiserv).

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Lilitab & VeriFone Developing iPad Payment Solution

Lilitab partnered VeriFone Systems to develop the Apple MFi-certified self-service payment kiosk, the Lilitab Pro-V. The co-branded payment kiosk incorporates VeriFone’s industry leading payment technology for secure transactions with Lilitab’s patented Lilitab Pro tablet enclosure. Through the use of the fully integrated card reader, merchants can now give their customers rich content while simultaneously reducing their PCI scope with VeriFone’s end-to-end encryption solution, VeriShield Total Protect, Secured by RSA. The integrated and modular design of the Lilitab Pro-V enables convenient self-service payment stations on any wall, surface or floor, reducing security concerns about device tampering and card data fraud. The Lilitab Pro-V payment kiosks can be used for assisted selling and as line-busting mobile payment terminals.

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Migration Begins to EBA Clearing Step

EBA CLEARING’s STEP2 platform for a major part of their SEPA payments in the future, have migrated the first transactions to a processing mode that has been specifically designed for handling very high volumes. The banks exchanged SEPA payments via STEP2 that were, among other things, pre-sorted by receiving bank. The batch processing mode used in this context allows a fast and efficient clearing of large payment volumes. Over the next three months, seven major players in the German payments market will migrate their bilateral mass payments to this processing mode on the STEP2 platform. EBA CLEARING offers to the European financial industry a clearing infrastructure for SEPA transactions that provides full reach to all payment service providers offering SEPA Credit Transfers and Direct Debits.

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TransferGo Announces Latest Expansion

TransferGo announced it’s UK operation today. The platform has already seen £3 million transferred with £1.5 million transferring in September alone and since inception, the service has had a fast-growing adoption rate by over 10,000 users – all looking for a lower cost and faster service for overseas remittances. Where TransferGo differs from other competitors that are also operating in this disruptive space, is that it has its own unique infrastructure, making it the cheapest* service that guarantees its users a safe and secure next-day payment. TransferGo’s growing number of users range from parents sending money to support their families at home, to businesses paying offshore invoices; foreign students transferring money for UK tuition to retirees transferring pensions to support their life in the sun – they all benefit from a fully transparent system that does away with the high fees (up to six per cent) that some banks charge to transfer cash abroad.

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3Delta Systems Intro Level-3 Credit Card Processing

3Delta Systems online credit card processing joined Enterprise Payment Solutions as the exclusive North American sales agent for Enterprise Payment Exchange (EPX), a SAP®-certified payment and tokenization solution that will allow SAP users to accept, process and secure customer credit card payments directly – without having to bolt on third-party middleware, as many businesses do now. SAP users will also be able to save money by lowering their company’s credit card interchange fees when adding invoice-like information known as Level-3 line-item detail as part of each customer card purchase. This advanced technology combines 3DSI’s next-generation Payment WorkSuite® processing and secure CardVault® credit card tokenization services with EPS’ SAP and payment processing capabilities. With this combination, enterprises can quickly and easily manage customer sales orders, authorize and settle customer credit card payments and fortify their own network security by substituting confidential cardholder numbers with placeholder tokens – all within their SAP system.

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Unemployment Continues to Decline, -.4% Since June

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total nonfarm payroll employment rose by 148,000 in September, and the unemployment rate was little changed at 7.2 percent, having declined 0.4 percentage point since June. Meanwhile, the number of unemployed persons, at 11.3 million, was also little changed and unemployment has decreased by 522,000 since June, according to the U.S.…

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Fiserv Offers Secure Portal Analytics to Banks

Fiserv will offer Guardian Analytics FraudMAP solutions, delivering integrated behavior-based anomaly detection solutions to Fiserv consumer and business banking clients. The agreement provides Fiserv clients with a new option for strengthening layered security and meeting the Federal Financial Institutions Examination Council (FFIEC) expectations for anomaly detection. FraudMAP is widely deployed at leading financial institutions to proactively prevent consumer and commercial fraud. The solution protects against a wide range of account takeover threats including malware, phishing, social engineering, vishing, data breaches, as well as payments fraud. FraudMAP is rapidly deployed and is easy for financial institutions to incorporate into their operations.

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