Prepaid International Forum Board Appoints New Member

Ramki Yalamanchili has been appointed to the Board of Directors at Prepaid International Forum (PIF), to support its efforts to create new opportunities in the global prepaid market and accelerate the adoption of prepaid services worldwide. PIF is a not-for-profit trade association which represents all parties participating on a commercial basis in the prepaid industry. In working to develop cross-industry guidelines and guiding principles to encourage best practices for profitable and ethical participation in the prepaid economy. Yalamanchili serves retail banks, card program managers and their customers with the tools and services needed to create and manage their own card products liberated from the constraints of the legacy processor model.

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Western Union Launches mMoney Transfer Service

Western Union payment services expanded its “Mobile Money Transfer” allowing customers to send remittances to people in El Salvador who subscribe to Tigo Money mobile money service. Senders can send Western Union Money Transfer® transactions directly to receivers who subscribe to Tigo’s mobile money service for receipt on their mobile phones. Alternatively, for even more flexibility, senders can send Western Union Money Transfer transactions and then receivers can direct the funds into their mobile phones by dialing *555# and following the prompts. After receiving the funds, receivers can use them to top up their mobile phones.

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Citibank Korea Intros Wheelchair-Friendly ATMs

Citibank Korea rolled-out wheelchair-friendly ATMs, supplied by Chungho ComNet. This after Citibank Korea completed the implementation of voice-guided services and screen-expansion services for the visually impaired across all ATMs in 2010. Citibank Korea has now fully complied with the “CD/ATM Standards for Persons with Disabilities” established by the Bank of Korea’s Committee on Financial Information. Wheelchair users can use the machines from both the front and side.

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Gemalto Closes Ericsson PayEx Acquisition

Gemalto digital security acquired Ericsson Internet Payment Exchange communications technology and services for undisclosed terms. IPX has developed one of the leading mobile payment and messaging platforms in the world. IPX connects more than 1,000 customers to over 120 Mobile Network Operators (MNOs). IPX also operates payment platforms as a white label service for various operators. Gemalto is also acquiring Ericsson’s Trusted Service Manager (TSM) activity. IPX will join Gemalto’s Software & Services business line in the Mobile Communications segment.

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GlobalPlatform Boosts Compliance Program, Certifies UICC products

GlobalPlatform has enhanced its compliance program to certify UICC products that meet GlobalPlatform’s contactless services specification. The standardization of this functionality ensures industry-wide consistency in the lifecycle management of contactless applications and how end-users select and activate secure contactless mobile services. The certification of compliant products to this specification demonstrates market agreement on a complex issue and offers reassurance to service providers that applications will perform as intended regardless of the mobile handset being used. Card Specification v2.2 Amendment C – also known as Contactless Services – defines the deployment and lifecycle management of contactless applications, where all necessary information about the contactless protocols is defined at the time of installation.

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Ingenico Appoints Execs with US Bankcard Team

Ingenico expanded its bankcard team with the addition of Rhonda Boardman as VP, Bankcard Sales, Western U.S. Boardman is a senior sales executive with over 20 years of experience in the electronic payments industry gained with TSYS and a global POS manufacturer where she was responsible for driving product and solutions strategies for Point of Service initiatives throughout the organization. Meanwhile, Alan Forgione joined Ingenico as VP, Bankcard Sales, Eastern U.S., bringing with him over 27 years’ experience. Most recently with ACI Worldwide, where he was in charge of sales of frontend, backend and risk management software solutions to acquirers. His other employers include companies, such as United Cash Solutions where he served as President for United Bank Card, and CardSystems. Also, Forgione has served as President of Northeast Acquirers Association for over 10 years.

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CKE Restaurants Certifies Panasonic POS Workstation

The Panasonic “Stingray Envo POS” workstation (JS-960) is now certified by CKE Restaurants and has met the rigorous certification standards set forth by CKE. The “Stingray Envo” is designed to increase efficiency by enabling self-service and can be mounted in virtually any configuration to work seamlessly in any restaurant environment. Envo is built to withstand the daily wear of the restaurant environment, passing rigorous factory testing and featuring an aluminum alloy chassis to ensure reliability and dependability throughout the life of the device.

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FIS Launches Real-time Payments Network

FIS banking and payments launched its “PayNet” real-time payments network for domestic and international money movement. Addressing the growing demand for real-time global money movement, “PayNet” is designed to provide real-time access to deposit accounts for instant authorization of transactions. It’s a non-card-based solution for E-commerce, person-to-person (P2P), bill pay, mobile and international money movement that leverages FIS’ network assets for real-time account access, settlement between parties, interchange processing, multi-currency conversion and exception processing. PayNet includes items such as the right to cancel a transaction up to 30 minutes after transmission and full fee disclosure at the point and time of origination.

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Chicago Transit Authority Set to Launch Contactless Bank Card Payment

The Chicago Transit Authority (CTA) and Pace unveiled Ventra, a new fare payment system that will provide CTA and Pace customers with a new and more convenient way to pay for train and bus rides. Ventra will be available in summer 2013, and will allow customers to pay for rides with the same payment method they use for everyday purchases. Customers can choose from the following contactless payment methods: Ventra Cards, Ventra Tickets for single-ride and 1-day passes, and personal bank-issued debit and credit cards equipped with a contactless chip. Customers will simply “tap” their contactless payment card to quickly board trains and buses, which will be faster than inserting cash or magnetic-stripe cards into fare equipment, which will speed boarding and improve service.

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VeriFone Launches Media Option for Gas Stations

VeriFone Systems will now provide advertisers and marketers promotional capabilities with on-demand coupons at the pump and transaction-specific promotions at the c-store checkout counter. Couponing is the newest addition to the VeriFone Digital Network (VNET), enhancing its ability to deliver digital media to consumers at the point of payment. VeriFone is rolling out couponing to its PAYMEDIA customers on its media networks, VNET | At the Pump and VNET | In Store are being demonstrated along with other VeriFone payment-enabled media solutions. VNET delivers short-form video and digital coupons to eye-level, in-pump displays, engaging consumers actively involved in a purchase.

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Heartland Credits Merchants with Durbin Reform Savings

Heartland Payment Systems has delivered more than $262,000,000 in signature debit savings to its merchant customers throughout the United States. Restaurant merchants received more than $75,000,000, lodging merchants received nearly $10,000,000, retail merchants received almost $30,000,000 and petroleum/c-store merchants received more than $55,000,000. The Durbin Amendment, part of the Dodd-Frank Wall Street Reform Act, caps debit card interchange rates for issuing banks with more than $10 billion in assets at 21 cents per transaction, plus one cent for issuers with an effective fraud prevention system, and 0.05% of the volume of transaction.

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