nCircle Awarded Patent on Security Services Platform

nCircle management solutions announced the U.S. Patent and Trademark Office awarded its second “PureCloud” patent. nCircle’s intellectual property portfolio now includes 11 patents, reaffirming nCircle’s position as the leading innovator in the network security field. nCircle patents cover a wide range of security innovations and represent the company’s significant, ongoing investment in security technology research and innovation. The “PureCloud” solution is a cloud-based security services platform that requires no hardware or software to be installed or managed. nCircle PureCloud dramatically reduces the cost and complexity of a wide range of security services — including vulnerability scanning, PCI scanning and web application scanning — making these practices easily accessible to small and medium businesses.

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National ATM Council Requests MasterCard Delay EMV

The National ATM Council U.S. Independent ATM providers and their suppliers requested MasterCard delay implementation of EMV chip card liability shifts for Maestro international cards at ATMs. The letter was co-signed by NAC and 36 member organizations including leading ATM deployers, processors and manufacturers, many of whom attended the January 29th NAC-sponsored EMV ATM Summit Meeting in Dallas. Formulation of a universally accepted AID (Application Identifier) consistent with financial transaction network routing requirements established under the Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act. Also requested were adequate time is provided for the ATM industry to test and deploy the AID, and all related hardware and software upgrades and change outs necessary to render the embedded U.S. ATM base of over 425,000 terminals EMV compliant. This has created some confusion in the marketplace as to the status of the earlier announced liability shift for MasterCard’s international Maestro cards used at U.S. ATMs.

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Pageonce Launches Local Payment Platform

Pageonce launched its service to pay individuals and small businesses through its new Pay Anyone service and now allows users to pay local bills. Paying local organizations, small businesses, and individuals is still largely done via paper checks. Already processing over $1 million in bill payments per day, Pageonce is far simpler and more convenient than writing a check. All that is required is the payee’s e-mail address or mobile phone number. Pageonce ultimately provides a mobile alterative for local billers to engage customers, reduce costs and more efficiently collect payments.

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LCH.Clearnet 2012 Annual Revenue Up 24% Y/Y

LCH.Clearnet strengthened position as leading OTC clearing house with SwapClear passing $339.9 trillion notional cleared; ForexClear cleared notional of more than $440 billion in 2012 following March launch; CDSClear extended to include international model. With this, net revenues increased by 24% to EUR426.2 million; Headline operating profit grew by 89% to EUR127.5 million; and Clearing fees increased 7% to EUR253.9 million.

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Wincor Nixdorf Promos Bank Forum

Wincor Nixdorf bundled their skills for The Bank & Future innovation forum under the academic management of the Fraunhofer Institute for Industrial Engineering (IAO). The pan-European Bank & Future 2013 trend study is a significant part of the research work. The survey for this has just been launched. In addition, Wincor Nixdorf has integrated state-of-the-art self-service systems in the new Fraunhofer IAO’s Bank & Future Next Generation showcase in Stuttgart. In addition to this trend study the forum’s work consists in banking foresight management, which aims to detect trends at an early stage, assess the implications for banks and derive sustained strategies from them. Another area of research covers banking business development, comprising the identification of market opportunities and generation of new business models.

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MasterCard Europe Seeks Pre-Authorization Processing Rules

MasterCard Europe announced improvements for pre-authorized transactions applicable as of November 2013, implementing new rules to address existing problems with pre-authorizations. Pre-authorizations provide flexibility and an extended payment guarantee to the companies that use them, but they can also be intransparent, confusing, and inconvenient for cardholders. MasterCard’s new set of rules seek to increase the transparency and convenience of pre-authorizations for both consumers and merchants, ensuring the cardholder is always informed of the amount to be pre-authorized before he or she agrees with using his/her card and their account balance or credit line is always released within 24 hours of the transaction being finalized. It also seeks the amount blocked on the cardholder’s account or credit line does not exceed the pre-authorized amount to directly benefit cardholders and providing merchants increased transparency.

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Management Buys Out YourCash

The management team of YourCash Holdings Limited has acquired 100% of the business through a refinancing which takes out existing non-management investors. YourCash is an independent ATM provider with c6,000 ATMs deployed throughout the UK, Netherlands and Belgium in a variety of locations including convenience stores, supermarkets, universities, casinos, hospitals, post offices, leisure outlets and petrol forecourts. In the Netherlands, YourCash installed their 800th ATM in December 2012 and currently manages 10percent of the overall in-country ATM market. In 2012 YourCash handled over 73 million ATM transactions, equating to £2 billion cash dispensed through the UK estate and €1.2 billion in Europe.

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Boots Stores Extends Visa Contactless Payment

Visa Europe and Streamline further implemented contactless payment through their partnership with Boots UK stores, following an initial launch with over 600 Boots UK stores deploying the contactless payment. Expanding to the Republic of Ireland, the contactless technology provided by Visa Europe and Streamline allows customers to simply tap the reader with their contactless enabled card when making payments of up to £20. Payments are made in less than a second.

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SIX Payment Buys into UnionPay Intl

SIX Payment Services bought into UnionPay International, which was set up by China UnionPay (CUP) at the end of 2012. SIX Payment Services has promoted acceptance of the UnionPay card since 2006 with ATMs in Switzerland and POS from 2010. The UnionPay card is very popular with merchants, especially those in the tourism industry and the luxury goods segment. China UnionPay plays a key role in China’s payments system and is a particularly strong supporter of cashless payments. The mission of UPI is to expand the acceptance of the UnionPay card around the world and to expand the service portfolio for cardholders. The ultimate goal is to implement the “UnionPay cards are accepted everywhere that Chinese travel” intl strategy, currently in 165 countries.

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Western Union Sees 2012 3% Revenue Increase

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Western Union posted a full 2012 year 3% revenue increase and a 4Q/12 revenue of $1.4 billion, flat compared to the year ago period. Operating margin was 20.1%, or 20.9% excluding TGBP integration expenses of $12 million, compared to 25.0%, or 25.4% excluding TGBP integration expenses of $5 million, in the…

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Visa Intros Managed Mobile Service

Visa launched its plug-and-play mobile money platform, allowing financial institutions and mobile operators to offer bank-grade managed mobile financial services to consumers. This allows Visa to host and fully manage all aspects of a mobile money program on behalf of the provider, from user interface design to consumer enrollment, transactions processing, authorization, clearing and settlement. This can enable domestic-only or globally interoperable mobile money services. Users can access a financial account that is linked to their mobile phone number. From cash-in and -out transactions at agent locations, to paying bills, sending money to relatives, topping-up air time and buying train tickets, consumers can take advantage of bank-grade financial services and Visa-quality payments. Visa’s new platform is designed to comply with the regulatory frameworks established for mobile financial services for mobile network operators and financial institutions to provide local connection to Visa’s global payment network, VisaNet.

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Collis ATM Testing Tool MasterCard Qualified

UL is pleased to announce that the Collis Brand Test Tool, developed by UL’s Transaction Security team, has passed qualification by MasterCard for its new ATM module. The last couple of years, terminals with motorized readers became smarter detecting possible fraud. For that reason it became more and more difficult to let them accept a wired probe during testing. Our new solution comes with programmable cards for motorized readers. The cards will be personalized in a few seconds to behave exactly like a formal MasterCard or Visa test card. Subsequently, the test case from the scheme’s test plans will be executed, exactly in the way the Collis Brand Test tool users are used to. Logging from the card will be read and included in the verdict of the test. The tool will provide the same outstanding level of step-by-step guidance to the user.

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