Microsoft Adopts Experian Sepa Payment

Experian announced Microsoft has adopted Experian’s Bank Wizard Global to handle accurate and timely commission payments to Microsoft Corp.’s international network of re-sellers and supply vendors. New SEPA rules dictate the use of the International Bank Account Number (IBAN) to uniquely identify the bank and account of payment beneficiaries will soon become mandatory for all internatonal and domestic euro payments. Experian’s Bank Wizard Global validates and converts bank account data for Microsoft across 228 territories to the appropriate format for use at the point of collection or payment initiation. This will help Microsoft to ensure smooth, timely and successful delivery of payments using multiple payment mechanisms through various banking associates and payment service providers.

Details

Thomas Cook & MasterCard Partner on Borderless Prepaid Card

Thomas Cook travel and travel-related financial services company, in collaboration with MasterCard Worldwide, introduced its Prepaid Foreign Exchange Travel Card. Thomas Cook (India) Ltd’s Borderless Prepaid Card empowers travelers with the option of loading as many as eight currencies on a single card – US Dollars, British Pounds, Euro, Australian Dollars, Canadian Dollars, Swiss Francs, Singapore Dollars & Japanese Yen. An embedded chip and PIN ensures security and increased protection against counterfeiting and skimming card frauds. Customer-centric features on the card include instant loading, emergency cash disbursement and free replacement card in case stolen or lost and 24×7 global emergency assistance available via toll free access in over 80 countries.

Details

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

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 optimization. The strategic action…

Details

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.

Details

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.

Details

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.

Details

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.

Details

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.

Details

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.

Details

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.

Details

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.

Details