OTP Bank Russia Deploys Tieto P2P

Tieto has provided a Card Suite solution allowing OTP Bank Russia to offer their customers P2P payments as well as utility payments functionality. This provides faster transactions, improved access and lower service costs for the cardholders, on which OTP Bank and Tieto have a long-term experience of working together and implementing. The latest project is a result of OTP Bank’s business goal to implement a more effective and secure internet bank payment solution. The Card Suite solution offers a more secure authorization and processing of internet bank payments. All internet bank payments are now momentarily authorized in an external system, which decreases the risks of overdraft. The “Card Suite” P2P Transfer Service solution allows transferring funds from one card to another using various channels like ATM, in-branch POS terminal, mobile bank, internet bank, info-kiosk and others.

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Gemalto joins Partnership for Cyber Resilience

Gemalto digital security joined the partnership of Cyber Resilience, a global initiative developed by the World Economic Forum in support of fostering a trusted share digital space and supported by leading global companies. Gemalto will work alongside the initiative partners to identify and address emerging global needs and systemic risks that arise from the increasing digital connectivity of people, processes and objects. The company brings its global experience in digital security applied in particular to authenticated mobile security, trusted cloud access, identity and privacy protection, eHealthcare and eGovernment security and efficiency. Gemalto will also bring in the expertise acquired through its numerous contributions to Information and Communication Technology (ICT) security standards.

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ElectraCard Services & Anabatic Inks Promo Alliance

ElectraCard Services advanced technology payments products and services announced a strategic partnership with Anabatic technologies, promoting the ElectraCard suite of payment solutions to its impressive financial client base and to new customers. The “electra iTx” series platform is a next generation transaction platform, built from the ground-up on open standards and the industry best-practices to support service oriented architectures (SOA) that are rapidly becoming the technology backbone of today’s leading organizations. It bridges the divide between the old and new payment worlds by increasing the agility and flexibility of traditional payments technologies. The iTx series provides flexibility and speed to market for the entire payments chain.

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Morpho Deploys NFC SIMs With KT Korea

Morpho announced has shipped the first half million units of its “NFC/LTE” SIM card to KT Korea, the second largest mobile network operator in South Korea, as part of a multimillion framework agreement signed earlier this year. With Morpho’s technology, KT can now enable customers to experience the benefits of contactless transactions. Customers can now use their mobile phones to pay transit fares or to make retail payments at 200,000 contactless terminals.

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No News is Good News on Unemployment Front

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total nonfarm payroll employment was up 171,000 in October but the unemployment rate was essentially unchanged at 7.9%, according to the U.S. Bureau of Labor Statistics. The number of unemployed persons of 12.3 million was also unchanged in October after dropping off in September to 7.8%. Those long-term unemployed- of 27…

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Heartland 3Q/12 Net Income Sustains Respectable Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Heartland Payment Systems payment processors announced a net income of $19.4 million for the three months ended September 30, 2012, up on 2Q/12 net income total of 17.8 million. With this, small and Mid-Sized Enterprise (SME) quarterly transaction processing volume was $18.8 billion, up 5.8% from the year ago period, while…

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Bell ID Joins EMV Migration Forum

Bell ID has joined the EMV Migration Forum, independent, cross-industry organisation started by the Smart Card Alliance, to drive and support EMV payments technology in the United States. Bell ID will contribute its extensive knowledge of provisioning and managing the delivery of secure services to end-users via chip-based technologies on plastic cards and in mobile NFC-enabled devices. The launch of the EMV forum provides a central hub for the U.S. payments community to effectively discuss and agree how EMV technology should be implemented across the country. The forum brings together payment systems, banks and financial institutions, product manufacturers and key actors in the NFC ecosystem, to ensure interoperability, security and consumer usability of secure-chip technology.

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Google Wallet Rationalizes Consumer Purchasing

On sites that accept Google Wallet, consumers no longer need to enter their credit or debit card number, billing address or other payment information because it’s already stored in their Google Wallet. Typically, on mobile websites, users need to key in 17-20 fields of information on a small screen while having to click and scroll through multiple pages to provide shipping and billing information. Now they just click the ‘Buy with Google Wallet’ button, log into Google Wallet and click to complete your order. Consumers can also view credit and debit cards, shipping addresses and transaction history conveniently in one place at wallet.google.com/manage and set a default card for future purchases on your Google Wallet account, making future transactions even faster.

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Citi Hungary Makes mBanking Easier

Customers calling CitiPhone from a domestic mobile phone number registered in advance with Citibank will now hear a personalized menu, tailored to the products and selected information most relevant to them. Customers will no longer need to input their 16-digit debit or credit card number or the loan agreement ID number. They simply enter their four-digit telephone PIN code, and the system will immediately recognize and identify them and instantly offer a personalized menu.

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Monet Deploys IBM Cloud mBanking

IBM announced that Monet, one of Pakistan’s leading mobile-commerce providers, has selected a customized IBM cloud-based solution that will enable the company to enhance service efficiency and expand its presence across the country. Launched in 2012, Monet provides banks, mobile network operators and branchless banking agents in Pakistan with a technology platform that offers end-users a simple interface through which they can access a wide range of financial services on their mobile phones. IBM will develop a specialized solution based on IBM SmartCloud technology, to deploy Monet’s mobile banking applications from Fundamo, a leading mobile financial services platform provider ider and an IBM partner.

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Barclays Updates on Audio ATM Progress

Barclays has fulfilled its commitment to the Royal National Institute of Blind People’s (RNIB) ‘Make Money talk’ campaign and over 75% of Barclays cash machines are now audio enabled. Speech output is available on over 3,000 Barclays ATMs through audio jacks so that blind and partially sighted people are able to plug in their earphones to listen to the options being read out to enable them to carry out their transactions. Previously if a blind or partially sighted person wanted to access their money at an ATM, they needed to ask a friend or relative for help or in some cases a passer-by. Make Money Talk was launched by the RNIB in September 2011 calling for banks in the UK to provide ATMs with audio facilities for their blind and partially sighted customers.

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GlobalPlatform claims Hits 100-Member Milestone

GlobalPlatform has reached 100 members and has produced widely adopted specifications for secure-chips, devices and back-end systems. The infrastructure delivers a trusted end-to-end solution, which facilitates the secure and interoperable deployment and management of multiple embedded applications on secure chip technology. The need to deploy services using an agreed infrastructure has become particularly important as markets converge to deliver innovative chip-based services to consumers through mobile devices.

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