Western Union 3Q/12 Up 1% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Western Union posted its 3Q/12 revenue of $1.4 billion, up 1% from the year ago period, while year-to-date cash provided by operating activities of $860 million, including the impact of tax payments of approximately $90 million. Sequentially, Western Union is implementing strategic actions in consumer value proposition, digital channels, and cost…

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U.S. Micro Earns PCI DSS Certification

U.S. Micro Corporation gained the PCI DSS certification, the fourth certification it received this year. This after an audit of internal controls and processes related to handling data on retired IT devices. U.S. Micro pursued the certification because sensitive payment card data could potentially be stored on numerous devices that it processes. U.S. Micro has aggressively pursued certifications in 2012 to highlight its high standards for data security and protecting the environment. Both SOC 2SM and PCI DSS are unique among ITAD vendors, demonstrating the company’s commitment to exceeding industry standards.

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TSYS Executive to Speak at North American Conference

TSYS announced its director of business development for Commercial Card Services, has been chosen to participate in Commercial Payments International’s “The North American Middle Market Conference 2012,” on November 8, 2012. The theme of the one-day event is “Seize the Massive Opportunity.” He will present in a session entitled, “AP Automation in the Middle Market: Exploring Challenges and Opportunities,” discussing best practices for increasing your commercial card volume without increasing your exposure to risk, and structuring your e-payables program to maximize revenues in a competitive environment.

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Credit Mutuel-CIC and Ingenico to Launch Sepa Payment Terminal

Ingenico payment solutions and the Crédit Mutuel-CIC group announced the successful demonstration of their live common card payment solution based on SEPA standards during the EPASOrg annual conference. The Ingenico iWL250 payment terminal was used for the demonstration of a first card payment solution ready for SEPA. This is the first time that a live solution using future SEPA standards, based on a single EMV payment application (SEPA-FAST) and an open and universal card payment protocol (EPASOrg-EPAS ISO 20022 Acquirer protocol) was demonstrated publicly in the world. The Ingenico iWL250 SEPA Payment terminal successfully connected to Credit-Mutuel-CIC EPAS ISO20022 Acquirer authorisation host at the EPASOrg Annual conference in front of 100 attendees.

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Electra Card Services Partners Raqmiyat on Expansion

ElectraCard Services software solutions for electronic payment systems, announced its partnership with Raqmiyat systems integrator. With this, Raqmiyat will be authorized to market & provide after sales services for electra™ suite of products & services to banking and financial customers. Raqmiyat has built knowledge bank & expertise to understand the specific need of BFSI markets and its partnership with ECS will enable Raqmiyat to offer a wider product portfolio to its existing customers.

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Steria and Experian Partner on Sepa Services

Steria and Experian partnered to deliver managed solutions in the SEPA compliant payments arena to offer corporate customers an end-to-end service that will take the pain out of managing SEPA, making the process more efficient and cost-effective. The partnership will bring total end-to-end solutions to corporate customers seeking SEPA readiness data conversion services, ongoing SEPA payments validation and compliance support. The partnership brings value added services to Corporate Treasurers and Chief Financial Officers (CFOs) seeking a total off-the-shelf solution to their SEPA data readiness needs.

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ANZ Deploys Bolero Finance

Australia and New Zealand Banking Group (ANZ) has successfully gone live with Bolero’s multi-bank trade finance solution, following a rapid implementation of the technology. ANZ is now live with major corporate customers in Asia, Europe and in North America and has plans to support other known Bolero customers now that this first implementation is complete. The Bolero web-based trade finance solution enables the automation of the end-to-end lifecycle of Documentary Credits, Standby Letters of Credit, Guarantees, Bonds and other traditional trade instruments for both Importers and Exporters as a true multi-bank solution.

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MasterCard Net Income Up 8% Year-Over-Year

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard Incorporated announced its 3Q/12 net income of $772 million, up 8%, and net revenue of $1.9 billion, a 5% increase versus the same period in 2011. Net revenue growth was driven by a 14% increase in gross dollar volume on a local currency basis to $918 billion; an increase in…

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eBay Plans 4Q/12 Restructuring Charge

eBay announced a planned fourth quarter pretax restructuring charge of approximately $15 million related to staff reductions at the company’s PayPal business unit. PayPal also is ending contracts with approximately 120 contractors globally thanks to a redesign of PayPal’s product organization, consolidating nine product groups into a single, more agile organization. The intent is to simplify and speed up how products are developed. PayPal expects to continue its strong global growth momentum and leadership through online merchant expansion and share of checkout, by driving payments innovation at point-of-sale retail for large, medium and small businesses, and by engaging consumers online and offline with payments products and experiences that offer choice, flexibility, simplicity and security.

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ControlScan and Allifide Forge PCI Partnership

ControlScan PCI compliance and security services eases small business PCI compliance through Allifide Merchant Group payment processing firm trusted by a national client base of hundreds of SMBs as well as more than 50 industry partners. Data from ControlScan’s recent survey of merchant acquirers shows that as SMB merchants’ PCI compliance rates increase, the occurrence of a data breach decreases. The partnership between Allifide and ControlScan saves Allifide’s merchants time and hassle”and reduces merchant confusion”with high-impact education and support services that guide them through each step of the PCI compliance process.

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First Data Joins 100,000 Jobs Mission

First Data electronic commerce and payment processing joined the 100,000 Jobs Mission, a coalition of major corporations that have jointly committed to hiring 100,000 transitioning service members and military veterans by 2020. First Data has recently reinvigorated its veterans recruiting strategy by hiring a retired veteran as the Employment Program Manager to develop programs to support and broaden service members and military veterans recruiting efforts. First Data invests in military friendly job boards and is committed to actively participating in veteran-focused career fairs as well as career expos on military installations.

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MasterCard Sees Fertile Ground for mPayments

Japan boasts an overall environment that is favorable for mobile payments. According to the results of the latest MasterCard Mobile Payments Readiness Index (MPRI), Japan earned the number six spot on the Index which analyzed 34 countries and their readiness to use three types of mobile payments: person to person, mobile web commerce and mobile contactless payments at the point of sale. The Index found that while Japan scored well on most of the components measured, consumer readiness is the critical success factor to drive mobile payments adoption in Japan. Meanwhile, 20% of Japanese consumers are familiar with mobile payments at point-of-sale, while only 8% are willing to use the capability. And at 91%, Japanese financial services received exceptional ratings for how well they treat consumers.

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