MoneyGram Renews Nix Financial Partnership

MoneyGram renewed its contract with Nix Financial, which offers consumer loans, prepaid debit and credit cards, bill payment and check cashing to financial education. Nix will continue to exclusively provide MoneyGram money transfer services and money orders to its customers. Nix Financial customers regularly depend on MoneyGram’s services to securely send and receive funds from Latin America as well as locally. With the agreement, customers can continue to quickly send or receive funds at any Nix location to recipients across the globe.

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Discover Cardmembers Earn 5% Cashback on Gas

Discover is making it easier for cardmembers to earn extra rewards at the pump. Now through Sept. 30, 2013, Discover cardmembers can sign up to earn 5% Cashback Bonus on up to $1,500 in purchases at gas stations. Cardmembers can earn 5% Cashback Bonus by simply signing up for 5% online at discover.com, or by calling 1-800-DISCOVER (347-2683). After making $1,500 in gas station purchases, Discover cardmembers still automatically earn their standard Cashback Bonus on all other purchases. Additionally, as the 2013-2014 school year quickly approaches, Discover cardmembers also can enjoy extra savings on back-to-school purchases made through ShopDiscover, the exclusive online shopping portal featuring more than 200 top retailers. From July 18 to Sept. 4, 2013, Discover is leveraging its relationships with nearly 40 merchant partners to increase Cashback Bonus savings to help families save more on items such as clothing, shoes and school supplies.

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Diebold Inks Argenta as Latest Client

Diebold is now supporting Argenta’s entire self-service network of more than 200 “Opteva” ATMs. Argenta’s specifications included the renewal of embedded software on its ATMs, the transition of the bank’s systems to support an Internet Protocol-based (IP) network and monitoring support for the entire network. One of the most important requirements was to ensure the OLTB (On Line To the Bank) protocol exchange between terminals and servers, which is specific to Belgium and allows real time updates of transactions. Diebold’s Belgian management center will provide Argenta with outsourced network monitoring. This service includes maintaining up-to-date anti-virus software on Argenta’s terminals using ATM Endpoint Protection by Symantec™ and confirming all programs have the latest security patches using Diebold’s software deployment service.

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Visa To Further Expands V.Me eWallet

Visa announced plans to launch its V.me digital wallet service, making it easier for consumers to shop online. This will offer consumers a simple and secure way to pay online by entering a single username and password, eliminating the hassle of entering personal details across multiple merchant websites. It will allow consumers to securely store their existing Visa and other payment cards; store and use multiple shipping addresses; set transaction alerts for Visa cards based on spending thresholds and other criteria; and, over time, opt-in to additional features.

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Payleven Partners, Expands Chip & PIN Card Reader

Payleven mobile card payments has expanded its offering and will offer the Chip & PIN card reader to all Austrian retailers and merchants. The payleven solution is targeted towards small and medium sized enterprises, who want a way to accept card payments. It is easy, economical, mobile and most importantly, secure. With payleven, not only merchants, but also private individuals can accept card payments. Once the card reader has been purchased, merchants will only be charged 2.75% per transaction. There is no need for a stationary internet connection which makes the device truly mobile. Furthermore, because the customer is required to enter their PIN, the payment is secure. The transmission process is similar to the one on a traditional POS- terminal.

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Unemployment Stagnation Persists

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Payroll employment was up 195,000 units in June as the unemployment rate remained at 7.6%. While the number of unemployed persons totaled 11.8 million, those long-term unemployed for 27 weeks or more was essentially unchanged at 4.3 million. These individuals accounted for 36.7 percent of the unemployed. Over the past 12…

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Fiserv Announces Latest Processing Platform Client

Fiserv announced that Community Bank – Wheaton/Glen Ellyn selected its DNA account processing platform from Open Solutions, now part of Fiserv, to better serve its 29,000 customers. The $355 million asset bank cited the platform’s tightly integrated complementary solutions, customer-centric architecture and strong business intelligence tools as factors that will help the bank increase efficiency and provide customers with more relevant products. DNA from Fiserv is the first open, relationship-centered core banking platform built for global collaboration. The platform employs a real-time, relational data model designed around the person, not the transaction, so that Community Bank – Wheaton/Glen Ellyn staff can securely view complete profiles of their retail and commercial customers by person, product or account.

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HID Global Awarded Gesture-based Access Control Patents

HID Global secure identity solutions announced that the U.S. Patent and Trademark Office granted several patents for the company’s innovation related to gesture-based methods of using three-dimensional (3-D) motion sequences to increase privacy, security and convenience when using RFID-based devices such as smart cards and NFC-enabled smartphones for a broad range of applications. These patent additions strengthen HID Global’s IP portfolio of over 1,000 pending and issued patents and protect the company’s intellectual capital. The invention opens up a new field of gesture-based authentication and is particularly pertinent when incorporated into an NFC-enabled mobile phone. These user-defined, gesture-based passwords can also work in a two-dimensional mode similar to a combination lock, or they can also include 3-D motions such as moving to the left, right, forward and backward.

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MasterCard Names VP, Govt Solutions

MasterCard appointed Mohammed Qadadeh VP, Head of Government Services and Solutions (GS&S) in Middle East and North Africa. The announcement is an integral aspect of MasterCard’s ongoing efforts to strengthen its investments in the government sector across Middle East and Africa. Here he will lead the expansion of the company’s government business by leveraging MasterCard capabilities to solve governments’ needs for efficiency, social progress, financial inclusion and overall transparency. Qadadeh held a number of managerial roles in the MasterCard Technologies and Operations division during the past 12 years, where he helped shape technology strategy and vision across various platforms, including the MasterCard Data Warehouse, Global Cardholder Solutions and Rewards, most recently as regional Chief Technology Officer, where he played a key role in driving MasterCard’s technology strategy across Middle East and Africa since 2011, starting with the Africa board’s strategy vision, planning, and execution.

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Diebold Nationally Implements Video ATM

Diebold is officially making its Concierge Video Services available to all financial institutions in North America, directly implemented into most Diebold “Opteva” ATMs. Giving consumers the option to initiate video calls to customer service representatives, in order to complete activities not traditionally conducted during ATM transactions, Diebold’s Concierge Video Services offers account maintenance, new account setup and savings product renewals. It was previously piloted by Missoula Federal Credit Union and Mountain America Credit Union.

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