Visa & Planet Payment Ink Processing Agreement

Visa opened the Myanmar market to ATM and POS acceptance through their licensing agreements with Co-operative Bank, Kanbawza Bank, and Myanmar Overseas Bank. Now Visa and Planet Payment are working on opportunities to target the deployment of the managed service to additional developing markets in support of traditional ATM and POS acceptance as well as developing support for mobile point of sale (mPOS). As more and more merchants look to capitalize on the value of accepting electronic payments, Visa stands ready to help its client banks support growing the financial network, expand on its financial inclusion goals, and partner to develop their payments systems.

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globalVCard to Launch Changes at Innovation Project 2013

CSI Enterprises a leader in innovative financial solutions for enterprises and businesses, is set to release some important updates to its globalVCard paysystems accounts payable solution. The globaVCard paysystems will look to further cement their position on the top, with vast improvements to their web-based application. Featured prominently will be impressive changes to card and payment management. Clients will now be able to view and manage all the details of their payments from one screen. Payments will be managed in real-time, with the ability to change all attributes quickly and easily. The updated version will also include robust changes to the dashboard and communication capabilities.

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EMT Pilots NFC tags, Prospecting mWallets

EMT is launching NFC service, implementing small sticker-like tags that contain a small microchip. All customers need is to download the “EMT NFC Starter” app from Google Play. The prices for NFC-enabled phones start from €99. Currently, there are 22 different NFC-phones available at EMT. The number of NFC-enabled phones in the EMT network is approximately 20,000. EMT, in cooperation with leading Estonian banks, will also launch a NFC mobile payments project to test mobile wallet solutions and possibilities.

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BBVA Grows JCB Merchant Acquiring

Banco Bilbao Vizcaya Argentaria (BBVA) is starting JCB merchant acquiring operations based on a license agreement with JCB International (JCBI) global payment brand. BBVA will start facilitating JCB acceptance at BBVA-acquired merchants throughout Spain to serve its merchants better by offering them the opportunity to capture JCB card sales along with other global payment brands as well as helping merchants give customers the opportunity to pay with their preferred card. BBVA merchant acceptance will significantly increase JCB brand coverage, which will continue to efforts on improving card acceptance.

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Target Closes Credit Card Sale to TD Bank

Target sold its entire consumer credit card portfolio to TD Bank Group for $5.7 billion, part of a seven-year program agreement under which TD will also underwrite, fund and own future Target Credit Card and Target Visa receivables. With the agreement, TD will control risk management policies and oversee regulatory compliance and Target will continue to perform account servicing functions. Target will maintain the current deep integration between its financial services operations and its retail operations. The agreement does not have any impact on Target’s 5% REDcard Rewards program and will have minimal impact on Target’s current cardholders.

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Inside Secure Introduces Duel-Interface NFC Tag

Inside Secure launched its NFC tag for interactions between smartphones and medical, communications, entertainment and other electronic devices. The INSIDE dual-interface NFC Forum Type 4 Tag also provides a unique one-wire interface that allows the tag to provide a low-cost wireless communications bridge between two devices, opening the door to an array of exciting new NFC applications. Now a single tap of an NFC phone to a Bluetooth wireless headset containing one of these tags can initiate the pairing operation. The tag detects the NFC field on the contactless interface and sends a pulse over the one-wire interface to the controller inside the headset to start the pairing process.

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Digital River to Partake in E-Commerce Payments and Risk Conference

Digital River will be sponsoring, speaking and exhibiting at the 2013 Annual E-Commerce Payments and Risk Conference, Mar. 25-28 in Las Vegas. Digital River World Payments experts will talk about how to manage e-payments in Brazil. The first session titled, “Ok, You Are in Brazil, Now How Do You Optimize?” will precede “Exploring BRIC.” The 2013 Annual E-Commerce Payments and Risk Conference is hosted by the Merchant Risk Council (MRC), a globally focused trade association that aims to make online and mobile payments efficient and safe. Badran is a member of the Merchant Risk Council’s Americas Advisory Board.

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Discover Forges International Alliance with Interswitch

Discover Financial Services (DFS) and Interswitch payment processing and Verve card network promoter forged their strategic alliance. This will allow Discover and Diners Club International (DCI) card acceptance at Interswitch-enabled ATM and POS terminals. This also allows Verve cardholders to have access to Discover, Diners Club International and PULSE networks for international purchases and cash access internationally. The partnership will focus first on enabling about 20 million Verve cards on the PULSE global ATM network, followed by acceptance opportunities for Discover and Diners Club cards and then the acceptance of Verve cards across the Discover global network. The Discover global network, which includes Diners Club, PULSE and other partner networks, provides acceptance in more than 185 countries and territories.

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