MasterCard Licenses Branded Cards Internationally

MasterCard Worldwide issued a license to a Myanmar bank, paving the way for branded cards to be issued and accepted in the country for the first time, following a historic agreement signed this month. The license agreement with Myanmar’s Co-Operative Bank Limited will see the issuing of MasterCard branded cards and the acceptance of MasterCard/ Maestro/ Cirrus cards by ATMs within the country. The agreement also enables merchants in Myanmar to accept MasterCard payment cards, giving them access to commerce and the ability to participate in the open, global payments system that MasterCard enables. Merchants will also benefit from being part of a network of thousands of issuing and acquiring financial institutions and their suppliers and partners.

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ANZ Banking App Now on Android

ANZ announced its “ANZ goMoney” banking app is now available on Android. The mobile bank app allows users to securely transfer money between friends and businesses using mobile phone details. The busiest times for “ANZ goMoney” are from 5-7pm on weekdays suggesting the commute home and ‘just after work’ hours are popular for completing online transactions while women are also five times more likely than men to transfer money using Pay to Mobile for food. Men are five times more likely to use the app to pay for entertainment.

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Sacombank Partners CyberSource e-Commerce

CyberSource eCommerce payment management service from Visa partnered Sacombank to provide payment and fraud prevention solutions for its merchant customers. This allows Sacombank to extend its service portfolio by enabling its merchant customers to adopt eCommerce best practices and market-leading technology. For CyberSource, the deal follows several recent agreements to provide transaction and fraud prevention solutions to businesses in the region. At the end of 2010, there were 26.8 million internet users in Vietnam, of whom 42% were online shoppers.

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Crealogix Launches Two-Factor mAuthentication

CREALOGIX comprehensive e-banking solutions launched its CLX.MobileSecurity for secure authentication on smartphones for new mobile services. Based on the “two-factor authentication” principle, CLX.MobileSecurity uses a USB token or smartphone as a second channel and is currently being used with desktop devices. The multi-platform solution provided by CREALOGIX enables barrier-free access via the audio interface or NFC functionality of the mobile device, without losing any of the required security. The “CLX.MobileSecurity” token is inserted into the audio port of the mobile device for identification or to confirm a transaction. A small, integrated LCD screen enables the additional confirmation of the transaction, making it almost impossible to carry out fraudulent transactions. The audio token can be used with all smartphones, tablets and even desktops.

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Economic Confidence Lowest 2012 Level

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Discover U.S. Spending Monitor hit its lowest 2012 level in August, down 0.7 points from July to 88.6, showing the third consecutive monthly increase in those convinced the economy is getting worse. Those perceiving the U.S. economy as poor having leveled out from June to July, 56% ranked the economy…

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ORCC Opens New Office to Tap Payments Industry Recruits

Online Resources Corporation financial technology services opened its Metro Atlanta office with the focus to gain the capacity to recruit local payments professionals. This as ORCC announced its one-year anniversary of its India office and the addition of 80 new employees. Both new offices will increase the capabilities and delivery options of its banking and bill pay solutions, further solidifying the company as a technology leader in the digital financial space within the U.S. and global markets.

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TSYS JV Recognized for Top Growth

TSYS JV partner, Central Payment Co., has been named one of the fastest growing private companies in the United States by Inc. magazine for the third consecutive year. Inc. ranked Central Payment as number 1,562 in its annual list of the 5,000 fastest-growing private companies in the U.S. This ranking places Central Payment in the top third of all companies ranked and positions it as the 89th-fastest growing company within the financial services industry. TSYS announced its JV with Central Payment, in which its holds 60%. Its focus is on payment processing for merchants in the restaurant, personal services and retail sectors through TSYS technology.

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Newly Launched PaidThx Set to go Live

The newly-established PaidThx social payment network is set to make its public debut. Allowing users to replace their cash and checkbooks with their smartphones on Android and iOS smartphone applications, the PaidThx social payment network also lets customers transfer money with friends, family, and their favorite organizations quickly and easily. It lets users can send and receive money with all of their contacts, no matter where they bank using a smartphone, computer, or popular social media sites.

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Datacard Group to Address Mobile and Contactless Conference

Datacard Group secure ID and card personalization solutions announced Sebastien Tormos, director of mobile solutions business development for Datacard Group, will be speaking at the Mobile and Contactless Payments 2012 conference on September 25-27 in Australia. Tormos has extensive international experience in product and business development. He has led numerous initiatives in Datacard Group, and has most recently been focused on the financial and mobile payments industry. Prior to joining Datacard Group, he helped pioneer the development of smart card solutions in the financial and telecom sectors in Europe.

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Gaming/Online Dating Popular on mopay

mopay payment solutions for online merchants released its customer study on consumers’ spending behavior using direct carrier billing, indicating over 50% of direct-to-carrier billing purchases were made by returning customers and revealed new findings about purchases made in the gaming and online dating industries. With high conversion rates compared to other payment methods, mopay converts between 52-63% of all first-time customers within a six-month timeframe. It also shows every one of the major mobile payments’ industries saw an increase in spending average. From slight increases in online gaming (around 10 percent) and leveling off at around $4.50 USD, to drastic increases in social communities of almost 40 percent, passing $5 USD in 2011. Meanwhile, online dating with direct-to-carrier billing spending averaged over $6.50 and is growing by 25%.

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Fiserv Upgrades Processing Platform

Fiserv made enhancements to its “Signature” bank platform for large to mid-tier U.S. financial institutions for extensive market and client input. Renamed “Signature 12.1,” the enhanced platform delivers solutions that enable banks to generate growth and improve efficiency. Advanced capabilities include the opportunity for financial institutions using Signature to: employ an enterprise level pricing strategy for all account types across retail, commercial and wealth management customer bases; expand and enhance commercial lending capabilities; and fight fraud and manage risk on the front line of their organizations. Upgrades involve Relationship Pricing and Analysis; an Onboard Advisor; and Commercial Lending for Signature 12.1. Other enhancements in Signature 12.1 include heightened efficiency in retirement processing.

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Boy Scouts Deploy VeriFone POS for Fundraising

The Dan Beard Council of the Boy Scouts of America is the latest to implement “SAIL” by VeriFone to improve troop fundraising efforts for its annual Popcorn Sale. The Dan Beard Council is distributing SAIL card readers to individual troop leaders who sign up for the program. Those troop leaders are able to instantly sign up for merchant accounts and to assign multiple users to the account so that parents of individual scouts can run card transactions on iOS and Android devices, as well as handle voided sales and refunds, without access to account administrator functions. Each troop leader will receive a free SAIL card reader that can be used across multiple devices that utilize the SAIL mobile app; troop leaders can also request up to 10 additional readers to distribute to parents.

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