MasterCard Meets Many Annual Milestones

MasterCard Europe announced the 2012 milestones for MasterCard PayPass, showing that consumers are embracing the Tap&Go payment experience in 26 countries across Europe (8 new countries in 2012). PayPass is an innovative contactless payment feature that provides consumers and merchants with a fast and convenient alternative to cash for everyday purchases. PayPass can be added to any MasterCard® or Maestro® debit, credit or prepaid card. This will position MasterCard as a partner of choice for consumers and merchants alike. PayPass cardholders cardholders continue to enjoy the simplicity and convenience linked to contactless payments and consequently contribute to the displacement of cash around Europe.

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GlobalPlatform Announces Latest Member

GlobalPlatform announced Proxama as its latest Observer Member, an NFC mobile wallet and mobile marketing technology provider. Its membership with GlobalPlatform will focus on the efforts of the association’s Mobile Task Force, which works to understand the business requirements of the secure mobile services ecosystem to establish an agreed infrastructure. This comes after GlobalPlatform recently surpassed 100 members.

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Banco do Brasil Implements i2c Prepaid Processing

i2c payment processing and emerging commerce solutions has signed an agreement with Banco do Brasil Americas to provide processing services for reloadable prepaid products. The first collaboration between i2c and Banco do Brasil Americas will be a prepaid card program allowing Brazilian students living in the United States and other countries to receive scholarship benefit disbursements conveniently on a prepaid card. i2c’s global payments platform will enable scholarship providers to load funds to prepaid cards that students can use to make purchases in their local currencies.

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Central Bancshares Implements Fiserv Sales Automation

Fiserv announced Central Bancshares, a $2 billion financial services organization, has implemented its “EnAct” solution to support transparent, relationship-centric approach to business development across all enterprises. The “EnAct” sales automation and management solution from Fiserv can be tailored to meet the specific needs of financial institutions of all types, leverages Microsoft’s powerful Dynamics CRM platform to address the specialized CRM needs of commercial banking, retail banking and wealth management. Using EnAct, Central Bancshares will now have an integrated, adaptable sales management solution that helps bring structure and focus to sales activities as well as increased transparency to sales results. In addition, the bank will have access to the data it needs to help drive significant and sustainable customer acquisition, retention and cross-sales across their enterprise.

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IMAGO Circumvents mPayment Implementation Obstacles

QSecure announced IMAGO powered payment card and mobile app for iPhone, Android, and Windows phones, allowing users to program their IMAGO card with their smartphone screen and can use IMAGO at existing credit card terminals. IMAGO accepts all major credit cards, gift cards, and loyalty cards and helps users maximize gift card redemption while radically slimming down their wallet or pocketbook. IMAGO addresses NFC implementation, as it can communicate directly with regular credit card terminals and with smart phones, forming a bridge between the two.

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Retail Decisions Expands Fraud Protection Folio

ReD fraud prevention services announced it is teaming PAY.ON AG payments processor platform to offer card-not-present payment fraud prevention services to PAY.ON’s global network of payment service providers (PSPs). PAY.ON’s customer base can now benefit from the integration of ReD Shield®, ReD’s real-time fraud prevention service, into PAY.ON´s white label Platform-as-a-Service, PaySourcing, and PayPipe, the independent payment routing gateway. This will enable payment providers as ISOs, or other service providers, acquirers and financial institutions to become fully equipped PSPs in 48 hours or to outsource their entire PSP business into the cloud. The ReD Shield provides merchants and PSPs access to fraud prevention tools and techniques without the need for in-house investment.

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Wells Fargo Ranks #1 Consumer Remittance Services Provider

The Inter-American Dialogue released a study today naming Wells Fargo & Company a top ranking consumer remittance services provider. Wells Fargo tied for first place with two other companies, out of a field of 37. The Inter-American Dialogue is the leading U.S. center for policy analysis, communication and exchange on Western Hemisphere affairs. This after Wells Fargo announced record growth for its Global Remittance Services and reported total consumer remittance value remitted in 2011 at $1.8 billion. Wells Fargo ExpressSend customers can send funds to their beneficiaries in most countries through their choice of four remittance alternatives- account to account, account to cash, cash to cash, or cash to account.

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Fiserv Upgrades UChoose Rewards Solution

Fiserv upgraded the UChoose Rewards mobile application on rewards and loyalty which provides merchant-funded and issuer-funded rewards capabilities for financial institution clients. This provides UChoose Rewards participants an expanded mobile search and online point redemption capabilities that allow them to identify opportunities to earn points through the mobile platform. The application provides a customized map to the locations of participating merchants, enabling UChoose Rewards participants to see available offers from merchants that will earn them bonus points. Participants shopping in stores can scan UPC codes on merchandise to determine if the item is available through their rewards program and how many points are required to purchase it, continuing the program’s award-winning service and innovative solutions.

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AJB Simplifies PCI Security Compliance

AJB Software Design integrated payment solutions announced that its FIPay payment products achieved PCI’s PA-DSS 2.0 validation, and its RTS products are projected to be PA-DSS 2.0 in advance of the October 28th, 2013 deadline. The deadline requires merchants to upgrade from the existing PA-DSS version 1.2.1. AJB provides merchants with an easy way to pre-validate their payment applications. Existing AJB customers using PA-DSS 1.2.1 validated products are eligible to receive PA-DSS 2.0 security patches.

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PayPal Grows Online Merchant Payment Footprint

Office Depot office supplies has now added PayPal to its selection of online payment options for a secure way to pay for purchases on www.officedepot.com. Using PayPal on www.officedepot.com simplifies the online checkout process by providing shoppers with a quick, and secure option to pay for purchases without sharing financial information. PayPal can also help shorten the time needed to checkout as customers do not need to type the billing and shipping addresses or financial information that it is already stored securely in their PayPal account. Users also can securely link their bank account, debit or credit cards to their PayPal account.

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Gemalto Partners Svyaznoy Bank on Prepaid Card Services

Gemalto digital security partnered Svyaznoy Bank to deploy a large scale prepaid card offer for its customers. Certified by MasterCard and Visa, the program combines rigorous security with consumer appeal and can be processed at any location that accepts these payment applications. The prepaid card will be distributed via both networks, alongside a number of other sales channels. As a result, it will deliver significant commercial benefits, including attracting new customers, raising the bank’s profile, and creating an additional revenue stream. Gemalto’s prepaid card service can encompass every stage of the process, from design and production of the card and its packaging, right through to point-of-sale fulfillment.

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