Paragon and TSS Launch ATM Remote Key Loading

Paragon Application Systems (Paragon) ePayment simulation and testing solutions has partnered with Trusted Security Solutions (TSS), a leading provider of ATM key management solutions, to add Remote Key Load (RKL) testing to Paragon’s ATM simulation, configuration and testing solutions. TSS is providing the RKL module for Paragon’s ATMulator Plus, FASTest, and FASTress products. RKL provides ATM acquirers and terminal drivers with the ability to deploy the ATM Terminal Master Key from the software host to the EPP (Encrypted Pin Pad) and PED (PIN Entry Device). The ATM Terminal Master key is used to download the PIN encryption key which encrypts the PIN that customers enter to ensure that transactions are secure.

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AmEx Intros Mobile Loyalty Points Program

The American Express Membership Rewards program launched Mobile Gift Cards, allowing Cardmembers to use Membership Rewards points for smartphone-enabled gift cards and use them instantly to pay with their smartphones, currently available at eight different major retailers. This also allows Cardmembers to use Mobile Gift Cards to pay for items online or over the phone. Cardmembers log into their Membership Rewards account by using the American Express app or visiting AmericanExpress.com from a smartphone; browse the Mobile Gift Card catalog and use points for the desired gift card; select the gift card in the account’s Gift Card Wallet; and select “tap to pay” from a smartphone. Cardmembers may need to enter the 4-digit security code from the front of their American Express Card, and the 3-digit security code on the back of the Card.

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Aviso Launches Payment Messaging Gateway

Aviso announced the launch of “Novate” payment messaging app, designed to work collaboratively with existing legacy payment systems to provide the flexibility and functionality that existing systems may lack and protect the huge investment made in the technology. The first customer to install “Novate” is using it to add China Union Pay and JCB payment network interfaces to their existing payment switch. Now Solutions developed by Aviso facsilitate over 30 acquiring banks and 45,000 merchants to process more than 750 million transactions annually. Aviso is continuing to add functionality to both its real time and back office capability with the initial product roadmap being focused on transaction acquiring and multi-channel POS capability.

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PayEase Partners CyberSource on Fraud Prevention

PayEase signed a new agreement with CyberSource, a Visa company for the provision of fraud management services to protect Chinese domestic online payments. For CyberSource, the agreement builds on a business relationship with PayEase, started back in 2009 when PayEase became the first mainland China payment service provider (PSP) to use CyberSource’s Decision Manager for cross-border transactions. The significance of this expanded deal is that it will cover PayEase’s domestic China business — another first. PayEase is one of the leading PSPs in China, with offices worldwide. It essentially provides a service and goods purchase confirmation platform that delivers immediately following the completion of the payment, anywhere, anytime throughout China.

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ValidSoft Earns Europ Privacy Seal

ValidSoft, a global supplier of telecommunications-based fraud prevention, authentication and transaction verification solutions, and a wholly owned subsidiary of Elephant Talk Communications, has achieved its third European Privacy Seal from EuroPriSe for its “VALid-SSD” SIM-swap fraud prevention solution. ValidSoft is the only security software company in the world to have achieved three EuroPriSe Privacy Seals, awarded after a rigorous legal as well as technical assessment and evaluation process to show that a product is compliant with EU data protection standards and embraces the ‘privacy by design’ approach. The VALid-SSD detection and prevention application is designed for bank use to address SIM card fraud. This is a type of ‘Pseudo-Device-Theft’ which enables fraudsters to maliciously redirect mobile telephone calls and SMSs in order to defeat Out-Of-Band authentication systems and other anti-fraud measures involving customer contact via the mobile phone.

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OKI Announces ATM-Recycler with Alfa-Bank

OKI partnered Europeum to launch its ATM-Recycler G7 cash-recycling ATMs to Alfa-Bank. Alfa-Bank currently operates 2,700 ATMs and has been considering a dramatic overhaul of its ATM network. The new ATMs making up this network required various functions to handle not just the Ruble, Russia’s home currency, but multiple key foreign currencies, including US dollars and Euros. In a pilot project running from June to September 2012, Alfa-Bank undertook a trial run involving four ATM-Recycler G7 units. This effort was positioned as part of a strategic plan to improve the bank’s network to maintain Russia’s leading customer service levels.

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MasterCard Canada Inks Home Trust Partnership

Home Trust Company has partnered MasterCard Canada to grow Home Trust’s payment card services and merchant acquiring portfolio. Home Trust will expand its payment card portfolio through the development of a prepaid card business with MasterCard. MasterCard and Home Trust will also work together to further grow Home Trust’s merchant acquiring portfolio. Home Trust conducts merchant acquiring through Payment Services Interactive Gateway(PSiGate), with secure and trusted solutions to small and mid-size merchants.

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Consumer Credit Outstanding Down M/M, Up Q/Q

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit having spiked 5.9% in August, it witnessed a 4.1% decline September. With growth of 5% since the year ago period, outstanding consumer credit has seen growth of 2% since the July figure, according to the Federal Reserve. Down from the August figure of…

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VeriFone Launches Dynamic EMV Platform

VeriFone Systems made available its “Sail EMV” platform allowing banks and acquirers to quickly provide smartphone and tablet-based chip-and-PIN card payments solutions to small and medium-sized merchants. This offers a complete solution to expand their product portfolios with custom-branded services that enable mobile merchants to accept chip-and-PIN payments and payment adapters designed to meet industry security requirements. It also includes mobile phone SDK’s for easy integration with iOS and Android mobile platforms and a secure transaction management system leveraging VeriFone’s Point Gateway payment-as-a-service global infrastructure, adding to VeriFone’s suite of chip-and-PIN enabled smartphone and tablet solutions, including PAYware Mobile Enterprise hardware and VeriFone GlobalBay mobile software that is already being deployed globally with larger retailers. The “SAIL EMV” solution contains all of the building blocks that banks and processors need to build a custom branded experience.

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MasterCard to Host Dialogue on Financial Inclusion

MasterCard research now confirms the economy, health care, and taxes are in the for front for American consumers, 2/3 of whom feel the 88 million Americans lacking access to basic financial services agree it’s an issue to be addressed. When asked how financial inclusion would factor in determining their vote, about one-third of Americans interviewed said it would be important. The vote importance is higher among males ages 18-54 with 41% stating that financial inclusion would be important as well as unmarried Americans with 42% considering the issue important. MasterCard is subsequently hosting a Financial Inclusion Dialogue as part of its Cashless Conversations Series on November 13th, hosting experts across financial services, non-governmental organizations to discuss strategies and share best practices for increasing financial inclusion.

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Western Union Prepaid Cards Available at 7400 Family Dollar Stores

Western Union prepaid cards are now available at more than 7,400 Family Dollar locations in 45 states, offering the award-winning Western Union® Gold Card MasterCard and the Western Union® Telemundo MasterCard to customers. Both of the cards can be used anywhere debit MasterCard is accepted, including at ATMs and for online shopping and can be reloaded at more than 60,000 retail locations, including Family Dollar stores and 46,000 Western Union Agent locations throughout the U.S. Cardholders can also receive funds on their card via payroll or government benefits direct deposit; a Western Union Money Transfer directly onto the card; or transferring money to the card from a bank account.

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