Six Degrees Fully PCI DSS Compliant

Six Degrees Group integrated managed data services announced following an official audit its datacentres and security systems are now fully PCI DSS compliant. The confirmation of PCI DSS compliance complements Six Degrees Group’s ISO27001: 2005 certification for information security, which emphasises the Group’s commitment to protecting and securing clients’ data. With this, Six Degrees is now on the approved global Visa Merchant register.

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U.S. Bank Launching mNFC Payment App

New U.S. Bank FlexPerks Visa are invited to try a new m-payment service called U.S. Bank “Go Mobile,” which allows customers to securely pay for everyday purchases with a wave of their iPhone 4 or iPhone 4S. U.S. Bank is introducing the service in Beta with FlexPerks Travel Rewards Visa Signature account holders before introducing it more broadly in 2013. For this, U.S. Bank FlexPerks customers who opt-in for the service will receive a customized U.S. Bank Go Mobile iPhone NFC case along with their new card, accepted wherever Visa payWave is deployed. U.S. Bank “Go Mobile” ultimately lets customers pay for purchases with their iPhone with their FlexPerks card, even when they don’t have the card with them.

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First Data Unit to Generate 30 New Jobs

OmniPay, a First Data company and global payments processor, is to create 30 new jobs at its headquarters and bring its total workforce to almost 200 people over the next six months. OmniPay is funding this growth with an investment that will primarily be used to develop and extend its global payments processing platform, which currently processes more than one billion transactions on behalf of 31 merchant acquiring banks and payment processors worldwide. A wide range of highly-skilled technology, customer service and professional services roles are being created within the organization due to growth, including project managers, business analysts, systems developers and quality assurance specialists.

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Fiserv Enhances Post-Trade Processing Functionality

Fiserv financial services has enhanced its TradeFlow post-trade processing, integrating several new industry standard methodologies. The integration will provide functionality to support several new asset classes and transaction types, and will bring improved ease of use and depth of functionality to users. Additionally, because of the integration, all post-trade processes will now be offered through a single solution, which can improve operational efficiency, reduce risk and increase transparency. TradeFlow now includes functionality to support Exchange-Traded Derivative (ETD) Settlements, SWIFT MT515 Confirmation, FX Non-Deliverable Forwards, OTC Notifications and Repurchase and Reverse Repurchase Settlements.

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InComm Acquires Giftango, Expands Market Presence

InComm prepaid product and transaction services acquired Giftango digital gifting solutions, expanding its reach into ecommerce gift card sales and distribution through high volume channels. Giftango entered digital gifting by providing turnkey solutions to help merchants sell gift cards from their websites. After identifying needs in the fulfillment, customer service and management of gift cards between leading merchants and their largest gift card purchasing partners, Giftango created solutions specifically designed to streamline these processes. More than 150 brands currently deliver digital gift cards through Giftango’s network of more than 80 partners.

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Bluefin Payment Partners VOKAL on mPOS

Bluefin Payment Systems secure, electronic payment services implemented VOKAL Interactive for the deployment of its gateway on the iPhone and the iPad. VOKAL will also serve as a referring partner, presenting Bluefin’s secure payment gateway to their current clients. Bluefin Payment Systems works with integrated software vendors (ISVs) and software as a service (SaaS) companies in a variety of industries to integrate their payment gateway into the software platforms, or offerings, creating an all-in-one solution for vendors’ clients. Bluefin’s gateway is currently accessible via POS devices, virtual terminal, MOTO and through E-commerce, and offering a mobile application will help round out the company’s product suite.

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Euronet Worldwide buys Pure Commerce

Euronet Worldwide global electronic payments provider and distributor acquired Pure Commerce cloud-based financial and payment solutions to banks, acquirers and global retailers around the world. Pure Commerce provides a range of currency conversion payment and multi-currency acquiring services for point-of-sale terminals, online applications and ATMs in high foreign card volume locations primarily across Asia Pacific and Europe. This acquisition allows Euronet to offer industry leading currency conversion and multi-currency acquiring products to global, local and online merchant acquirers, banks and retailers, and also extends Euronet’s operating markets. Pure Commerce has developed patented, best-in-class point-of-sale processes and displays that provide consumers with more convenient, transparent transactions.

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Ingenico Extends Partnership with German Retailer

Ingenico payment solutions and Dirk Rossmann drugstore chain is extending its cooperation with easycash of Ingenico. With this, Dirk Rossmann will implement the e-money institution for card acceptance services for OLV (online direct debit), MasterCard and Visa acquiring, as well as the processing of American Express transactions. Rossmann is using this new payment strategy with all services from one single source to extend and consolidate the range of card-based payment methods available at its store. Rossmann customers will now have the option of signature-based payment for their purchases as the company introduces easycash’s secure OLV acquiring alongside girocard debit card payments.

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Consumers Borrow More for Holiday Shopping

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit having jumped 4.7% in October, it saw a second consecutive monthly increase in November, up 1.1% thanks in part to the busy holiday shopping season. With total credit flow up 9.8%, outstanding consumer credit has seen growth of 2% since the July figure,…

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Visa Appoints Global Head of Human Resources

Visa appointed Michael Ross Global Head of Human Resources to oversee all human resources functions in the organization. He will focus on talent management, staffing, compensation and employee relations, as well as developing effective retention, diversity and performance management strategies. Ross joins Visa from HP where he was the Chief Talent and Rewards Officer after having worked in Merrill Lynch’s Human Resources Division in New York and London. He was also Managing Director of Compensation & Benefits at Morgan Stanley.

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Modern Woodmen Bank Expands FIS Partnership

FIS banking and payments technology expanded its relationship with Modern Woodmen Bank, a wholly owned subsidiary of Modern Woodmen of America, a fraternal financial services organization. With FIS Virtual Back-Office, Loan Origination Studio and Internet Direct, Modern Woodmen Bank enhances online access and flexibility to its mortgage loan customers. Modern Woodmen Bank required a suite of services to provide mortgage products and services to their customers. By deploying FIS Virtual Back-Office, it effectively increases efficiencies and improves customer satisfaction more cost-effectively. Modern Woodmen Bank will also deploy FIS Loan Origination Studio for fully automated origination, processing and closing functions for residential mortgage originations.

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Western Union Extends Agreement with Safeway

Western Union financial services forged renewal agreement with Safeway food and drug retailer. Under the terms of the agreement, more than 1,640 Safeway store locations across the United States and Canada will continue to offer Western Union® global money transfer services. Safeway will also introduce Western Union money order and consumer bill payment services in the U.S. in 2013.

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