PCI Council Highlights Changes to PCI DSS and PA-DSS

The PCI Security Standards Council published PCI Data Security Standard and Payment Application Data Security Standard (PA-DSS) 3.0 Change Highlights as a preview of the new version of the standards coming in November 2013. The changes will help companies make PCI DSS part of their business-as-usual activities by introducing more flexibility, and an increased focus on education, awareness and security as a shared responsibility. The seven-page document is part of the Council’s commitment to provide as much information as possible during the development process and eliminate any perceived surprises for organizations in their PCI security planning. Specifically, the summary will help PCI Participating Organizations and the assessment community as they prepare to review and discuss draft versions of the standards at the 2013 Community Meetings in September and October.

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Jack Henry Wins Processing Client

Jack Henry & Associates payment processing services announced that Bank of the Sierra has selected its SilverLake System core processing platform to provide enterprise-wide automation. In addition to SilverLake, Bank of the Sierra will initially implement an array of Jack Henry Banking’s complementary solutions including ArgoKeys DepositKeys account opening and administration; Vertex Teller Automation System; Vertex Teller Capture; NetTellerOnline Banking; iPay Consumer Online Bill Pay; the iPay Biz 2.0 small business online bill payment suite; goDough mobile banking; OurCashFlow online financial management (OFM); Opening Act online deposit and loan account opening; Electronic Statements’Interactive; DirectLine Wires; DirectLine International; Remote Deposit Capture, Remote Deposit Anywhere (RDA) mobile and flatbed remote deposit capture; Cognos 10business intelligence and enterprise reporting; Smart GL general ledger reconciliation and compliance; Relationship Profitability Management (RPM); and components of the Synergy Enterprise Content Management (ECM) solution; components of the Yellow Hammer fraud detection and prevention suite; the Gladiator security services suite; Centurion Business disaster preparedness and recovery services; jhaCall Center; and more.

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Capital Bank Deploys Diebold ATMs

Capital Bank has partnered with Diebold, Incorporated (DBD) to standardize its ATMs and support services. Diebold installed 170 Opteva ATMs, 100 of which feature deposit automation capabilities along with comprehensive integrated services to manage the fleet. Through multiple acquisitions over the past two years, the bank’s network included ATMs from several manufacturers that were supported by various vendors. Capital Bank recognized it would be best served by a single source for the delivery and management of its ATM fleet. Through its ATM Endpoint Protection by Symantec™ and software deployment service Diebold will maintain up-to-date anti-virus and operating system software, as well as security patches and provides 24/7 ATM status monitoring, notification, remote diagnostics and failure resolution to keep Capital Bank’s ATMs up and running.

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Sage Pay Launches Channel Payment Integration

Sage Pay multichannel payment processor made available its omni-channel payment integration feature. Allowing retailers to view reports for all transaction data in one portal, this will include payments made in-store, online and over the phone, providing retailers with a single view of customer transactions and helping them better understand sales trends. The solution is available now to all size businesses and combines the data from different payment options. Results can be viewed together or broken down by transaction type and can be exported directly from the online area, into Excel or CSV format to aid the reconciliation process.

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Windows Phone Announces Seamless Payments

Seamless payment solution for mobile telephones, SEQR, is to be launched for both Windows 8 and Windows Phone, and will be integrated with Windows Phone Wallet. Seamless was founded in 2001 in Sweden, and now has a presence in around 30 countries. The launch of SEQR on Windows platforms is strategically important in order to consolidate the position of Seamless as the leader for mobile payments. SEQR will be implemented in Microsoft’s app-stores, Windows Store and Windows Phone Store in all Seamless markets in 2013.

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PSI-Pay Deploys MasterCard PayPass

PSI-Pay e-wallet and payment card issuer announced its contactless payments with its cards in conjunction with MasterCard’s PayPass functionality. PayPass allows PSI-Pay cardholders to make purchases for under $20.00 by tapping the MasterCard or Maestro-enabled card or device over a reader. MasterCard’s PayPass technology is integrated with layers of protection to help prevent unauthorised purchases and contactless payments can be made via cards, and enabled wristbands and watches. Contactless payments are made using a unique encrypted code to secure data and safeguards are also in place to bill only one in case a user taps their card or device more than once by mistake.

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Commerce Bank Launches Visa Signature Card

Commerce Bank is offering a Visa Signature Rewards credit card to alumni and friends of Southern Methodist University (SMU). The card offers high reward point values and unlimited earnings, as well as no annual fee. Cardholders are able to redeem points for cash, gift cards, merchandise, or travel. Additional Signature rewards and benefits include 24/7 concierge service, exclusive perks, such as special offers on travel, sports, and entertainment, and the Visa Zero Liability coverage. SMU has a current enrollment of more than 11,000 students and an alumni network of more than 100,000 graduates. The SMU Visa Signature card is accepted anywhere Visa cards are accepted.

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Morpho Opens NFC Data Center

Morpho (Safran), a leading supplier of high-tech solutions in security, mobility and payment, has just opened in Taubaté, São Paulo, Latin America’s first data center for Trusted Service Management (TSM) technology. The unit, which represents a part of the 3.5 million euros to be invested in Brazil, will provide the infrastructure for all businesses that need secure and convenient electronic mobile payment solutions via NFC, including banks, telecom operators and public transportation. Morpho’s Taubaté data center will enable these customers to streamline projects and releases with TSM technology and accelerate their implementation and operation. This will transform the user’s mobile phone into an electronic wallet with various payment and access features.

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NCR Partners Bank to Increase ATM Network Security

NCR Corporation partnered Sparkasse KölnBonn to deploy “SelfServ 26” advanced cash dispense ATMs. Featuring an integrated anti-skimming solution, backed by NCR Second Line Maintenance (SLM) and installation services, “SelfServ 26” ATMs offers a secure and reliable customer experience. With a self-healing technology allows the ATMs to automatically and quickly recover from “soft” failures with no need for service intervention, and a typical Second Line Maintenance response time of 4 hours ensures maximum uptime, thus increasing the return on investment of the ATM network. NCR can pre-install the systems in the central warehouse of the bank, connect each of them to the data center, test and then deliver the already operational NCR SelfServ systems and install them on site. The time required for the software installation of the self-service systems, which normally takes three and a half hours, is reduced to only ten minutes.

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Visa Shows Americans to Spend 40% More Traveling

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Visa Global Travel Intentions Study 2013 shows U.S. travelers crave culture, are tech savvy and plan to significantly increase their travel budget on their next international trip, with 40% more on their next international trip compared to their last trip, opposed to travelers outside the U.S. who plan to increase…

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Discover Makes Available Home Equity Loans

Discover Financial Services introduced Discover Home Equity Loans to bridge the gap between its personal loan and home loan products. Originated by Discover Bank, Discover Home Equity Loans offer homeowners the opportunity to simplify their finances, supporting home improvement projects, paying for major expenses, or consolidating debt into a single, fixed monthly payment. Discover assigns each homeowner to a Personal Banker to guide them through the entire process while giving them options to suit their specific financial needs. Homeowners have the ability to select from four payment terms and lock in at a competitive interest rate. Discover’s growing suite of direct banking products includes credit cards, home loans, private student loans and personal loans, as well as checking, savings and money market accounts.

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Harland Financial Sees Strong ePayment Sales

Harland Financial Solutions has announced six new eBill Presentment & Payment deals for June 2013. eBill Presentment & Payment is Harland Financial Solutions’ electronic bill presentment and payment solution for small- to mid-sized billers. eBill Presentment & Payment will enable these financial institutions to offer their small- to mid-size business customers the ability to transform paper-based bills to smarter, more efficient and environmentally-friendly electronic bills that may be paid via online ACH, debit or credit card transactions.

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