Foregenix Forges International Expansion

Foregenix payment security expanded to South Africa after significant growth in its payment card industry customer base. Foregenix has established a reputation for providing an experienced, thorough and pragmatic approach to navigating PCI Compliance and to integrating PCI DSS within an overall information security programme. With the increased awareness of PCI within the region, Foregenix has experienced increased demand to deliver its full suite of information security consulting services and innovative compliance solutions to the Southern African payment card industry.

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Maybank Deploys Tagit Mobile Banking

Maybank Singapore’s latest mobile banking app is running on Tagit’s proprietary Mobeix platform. Maybank’s mobile banking application suite offers customers account inquiries, bill payments and online funds transfers on-the-go via their mobile devices. Tagit’s platform enables dynamic changes in the app without the hassle of customers upgrading or reinstalling the app. It provides customers with an advanced user experience that is unrivalled in the marketplace. The adoption of the platform by some twenty banks in ten countries across three continents is testimony to its mainstream adoption by financial institutions. Maybank’s new mobile app also integrates personal features that will allow users to customize the loading page with their pictures as reminders of their personal savings goals.

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State Savings Bank and OpenWay certify payWave and PayPass

The State Savings Bank of Ukraine (Oschadbank) and OpenWay is certified for contactless payWave and PayPass functions. OpenWay software solutions for issuing and processing payment cards and electronic money, and Oschadbank, one of Ukraine’s largest banks, have successfully completed a project to certify Visa payWave and MasterCard PayPass contactless card acquiring. The project was completed in record time; the Visa payWave case was accomplished in less than one calendar month in the spring of 2012. Following this, the MasterCard international payment system also confirmed Oschadbank’s full compliance with the requirements of PayPass technology.

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TSYS Launches Investor Relations App

TSYS launched its free investor relations app for iPhone, iPad and Android mobile devices, powered by theIRapp. TSYS’ investor relations app allows users to navigate the company’s investor relations materials, receive a stock quote and view other important stock information. The app will also include the latest press releases and SEC filings from the company, along with marketing and background information, videos, audiocast conference calls and presentations. Investors will have multiple ways to be notified when new information is posted to the app, including updates through Facebook, Twitter and e-mail.

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EcoScraps Receives $250,000 Grant from Chase and LivingSocial

EcoScraps sustainable, organic, chemical- and manure-free lawn and garden products received $250,000 from Chase and LivingSocial as part of the “Mission: Small Business” grant program, designed to increase awareness of the important role small businesses play in local communities. EcoScraps no-chemical alternative soil products and has been able to quickly expand and reach a wide variety of consumers. Participating small businesses from across the country were evaluated based upon their applications which were required to demonstrate a feasible growth plan, creativity, overall passion for their business and the potential to make a positive impact within the local community. A panel of small business experts reviewed nearly 70,000 applications from small businesses across the country and enlisted support from 3.1 million consumers who each voted for their favorite small businesses, for which EcoScraps was one of 12 companies selected.

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Google Offers Extends Boingo Wi-Fi Sponsorship

Boingo Wireless Wi-Fi software and services announced Google Offers is expanding its sponsorship of Boingo Wi-Fi from six New York subway stations and more than 200 Manhattan hotzones, to 24 additional locations across the country. Google Offers will sponsor free and discounted Wi-Fi offerings at eight malls and 16 airports in major cities nationwide, including Chicago, Houston, Los Angeles, New York, Washington, D.C., and Seattle. Google Offers is also extending a discounted Boingo Wi-Fi access offer to travelers at 16 airports nationwide.

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Fiserv Account Processing Expands Footprint Nationwide

Fiserv financial services technology solutions announced six financial institutions have implemented Cleartouch from Fiserv for account processing, online banking, risk management, check capture, mobile banking, document imaging, card production, bill payment and accounting. The Cleartouch bank platform is an integrated, end-to-end solution that delivers real-time capabilities. The banks include Mansfield Bank, a $372-million bank headquartered in Mansfield, Mass.; The Home Building & Loan Company, a $43-million bank in Greenfield, Ohio; Kennebec Federal Savings & Loan Association in Kennebec, Maine; Magyar Bank, headquartered in New Brunswick, N.J.; Webster City Federal Savings Bank, a $91-million bank in Webster City, Iowa; and Winchester Savings Bank in Winchester, Mass.

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Chargeoffs and Bankruptcies Near Record Breaking Numbers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Delinquencies for U.S. credit card ABS fell for the 30th straight month for unprecedented positive performance while bankruptcy filings fell between 8-10% in 1Q/12 from the year ago period and were down significantly during the period from June 2011 to June 2012 from the year ago period. After peaking in January…

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Bluefin Payment Systems Ranks on Inc. 500/5000 List

Inc. Magazine has announced that Bluefin Payment Systems achieved the #6 position overall on its annual 500/5000 list of the fastest-growing, private companies in the United States. Bluefin Payment Systems provides a highly secure payment gateway for electronic payments, including debit/credit card processing, ACH, and more. Placements on the list are based on the percentage of revenue growth from 2008 to 2011 for private US-based companies with minimum revenue of $100,000 in 2008 and $2 million in 2010. Bluefin Payment Systems achieved the #6 spot on Inc.’s list by generating 2011 revenue of $55.6 million and experiencing an 11,675.7% growth rate from 2008 to 2011.

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CFSI Study Shows 15mm Consumers at Risk with SDC

The Center for Financial Services Innovation (CFSI) released a new study that uncovers reasons consumers use harmful small-dollar credit products, highlighting the need for better high-quality credit solutions. Having surveyed over 1,100 small-dollar credit (SDC) consumers, plus an additional 500 non-SDC consumers for comparison, the study suggests an estimated 15 million consumers used at least one SDC product in the past year; 59% of surveyed SDC consumers had only a high school education or less, compared to 45% of non-SDC consumers polled; and 27% of SDC consumers had a credit card, compared to 61% of non-SDC consumers. The top three reasons identified for funds shortage included living expenses consistently more than income, bill or payment due before paycheck, and unexpected events such as emergency expenses or income drops.

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Grant Victor’s ATMequipment.com Ranks on 500|5000

Grant Victor’s ATMequipment.com and eGlobal were ranked in Inc. Magazine’s 500|5000, a 2012 ranking of the nation’s fastest-growing private companies. Grant Victor had a three-year growth rate of 151% and was also ranked No. 96 among the Financial Services industry. ATMequipment.com had a three-year growth rate of 127% and was also ranked No. 105 among the Financial Services industry while eGlobal had a three-year growth rate of 107% and was also ranked No. 117 among the Financial Services industry. The median growth rate of 2012 Inc. 500|5000 companies remains 97 percent, despite a lagging economy.

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