MiiCard Names New Chairman & Director

miiCard online ID announced Stephen Brannan, former Director of Group Technology at RBS, will serve as Chairman and Tim Bullock, former Managing Director of Personal and Retail Finance at Lloyds TSB Asset Finance, as Non Executive Director. Together, they will drive widespread adoption of the online identity verification service in the financial services industry and beyond. Stephen Brannan has vast experience of banking technology having formerly been Director of Group Technology at RBS and more recently Director of Separation Business Services responsible for executing the division of the RBS portion from ABN AMRO. Tim Bullock is co-founder of New Wave Ventures LLP, with over 33 years of experience in banking and finance.

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Over 2.5 Million MasterCard Debit Cards Issued for Social Welfare

More than 2.5 million South African Social Security Agency MasterCard debit cards have been issued to social grant recipients as part of the social grants disbursements tender which was awarded to Cash Paymaster Services (“CPS”) of Net1 UEPS Technologies. SASSA controls and manages the disbursements of 15 million social benefits to 9.2 million beneficiaries, who receive one or more of seven different social security grants on a monthly basis including: The State Old Age Pension, War Veteran Grant, Disability Grant, Child Support Grant, Foster Child Grant, Grant-in-aid and Care Dependency Grant. The biometric functionality of the payment cards identify social grant recipients using unique identifiers such as fingerprints and other personal information, which means that the payment cards cannot be used by any person other than the approved beneficiary to collect his/her grant.

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Ingenico 1H/12 Up 23% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Ingenico announced its reviewed interim financial statements for the six‐month period ended June 30, 2012. Very strong increase in H1 2012 revenue to €542.3 million, up 23% on a reported basis and 16% on a comparable basis1 Proven ability to consolidate Group margins at a high level while investing in future…

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INSIDE Secure Appoints Executive VP, NFC & Secure Payment

INSIDE Secure semiconductor solutions for secure transactions and digital identity appointed Pierre Garnier executive vice president, NFC and Secure Payment division. He will continue driving the NFC business of INSIDE Secure and supervise the introduction of a new range of secure payment semiconductor platforms for the future U.S. EMV market. He was most recently vice president and general manager at Texas Instruments in charge of the worldwide baseband business and worldwide wireless strategic programs.He was also chairman and CEO of Everbee Networks, a company developing systems-on-chips for personal Internet security devices. Before that, Mr. Garnier was general manager of the Alcatel Microelectronics broadband access business, which he founded and turned into a world-leading ADSL chipset maker before it was acquired by STMicroelectronics in 2002.

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Visa Takes Hit on Interchange Litigation

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa posted its fiscal 3Q/12 (2Q/12) net loss of $1.8 billion, inclusive of a litigation provision of $4.1 billion, related to the settlement agreement in the Multi-District Litigation case. The Company signed a memorandum of understanding to enter into a settlement agreement to resolve the Class Plaintiffs’ claims in the Multi-District…

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Payza Names New CEO

Payza payment platforms for e-commerce, corporate disbursement and remittances appointed Alastair Graham Chief Executive Officer. Bringing with him more than 20 years of experience in strategic direction, Graham was the founder and director of 5 Grams of Plastic, which provides strategic guidance to companies in the payments industry. Before leading 5 Grams of Plastic, Graham helped start up several companies and co-founded TransSend Payments Ltd., a financial services company that focused on the rapidly growing stored-value card market, that generated $100 million in card program volumes within two and a half years from startup.

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MasterCard and Gilt City Partner, Offer Priceless Experiences

MasterCard and Gilt City partnered to offer registered users of U.S. MasterCard ‘Priceless Cities’ programs with a unique range of city adventures from a “no reservation needed” series or chef’s table experiences at coveted restaurants to exclusive, limited-time offers like meet-and-greet sessions with artists and previously inaccessible opening night tickets to plays and concerts. The ‘Priceless Cities’ global program provides MasterCard cardholders experiences, offers and privileged access to the things they are most passionate about, including travel, sports, shopping, culinary experiences, and arts and entertainment.

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Bank of America Merrill Lynch Expands Commercial Card Internationally

Bank of America Merrill Lynch transaction services card solutions are now available in Argentina, the Czech Republic, Finland and Poland, as well as the Scandinavian countries of Denmark, Norway and Sweden. The addition of the seven countries reaffirms the company’s position as a leading provider of card solutions to large and middle-market companies and government entities around the world. By the end of 2012, BofA Merrill’s global card offering will be available in more than 70 countries. BofA Merrill will enable commercial card clients to benefit from the operational simplification and cost savings created by the harmonization of multiple instruments and reduced number of paper mandates that need to be managed for cardholders.

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Liaison Tokenization Passes PCI-DSS 2.0 Audit

Liaison Technologies announced the Liaison Protect Tokenization-as-a-Service (TaaS™) cardholder data environment successfully passed a PCI-DSS 2.0 audit and other major payment card association security requirements related to the protection of cardholder data. Through Trustwave. The cardholder data environment consists of the perimeter and internal firewalls, the Liaison Protect Token Manager application, the production VLAN, the Web VLAN and the VzCaaS Management VLAN. The PCI requirements are comprised of VISA’s Cardholder Information Security Program (CISP) and MasterCard’s Site Data Protection (SDP) program, as well as Discover’s (DISC) and American Express’s Data Security Operating Policies. The Liaison ‘Format Preserving Tokenization’ offers on-premise and as a managed service in the cloud, giving customers a choice on how to tokenize any type of confidential information, including credit card numbers.

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ATMequipment.com and ATMIA Establish Donation Agreement

ATMequipment.com forged agreements to contribute to the U.S. Defense Fund for every ATM machine ordered using the promotion code “ATMIA2012”. The U.S. Defense Fund helps ATMIA continue to employ the right professional resources that actively work with lawmakers and regulators for the protection and longevity of the ATM industry. ATMequipment.com is a leading wholesale supplier of retail ATM machines, parts, supplies and repair service in the United States, and has been an active member and sponsor of the ATMIA and the U.S. Defense Fund for several years.

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Discover Expands Rewards Redemption Options

Discover has partnered RewardsPay consumer payment service to provide cardmembers Cashback Bonus to make online purchases for Apple iTunes®, Facebook codes® and at Disney’s Club Penguin. Discover also kicked off the hot days of summer with a new set of rotating quarterly 5% categories. From July 1 – September 30, 2012, Discover cardmembers can earn 5% Cashback Bonus on up to $1,500 in gas, movie theatres and theme parks by simply enrolling online through the Discover Account Center. Once they reach the 5% spending limit, cardmembers still automatically receive up to 1% Cashback Bonus on all other purchases. A complete list of merchants offering between 5% – 20% Cashback Bonus can be found at ShopDiscover.com.

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Fiserv Forum to Host Business and Technology Strategy

Fiserv announced speaker and agenda details for its annual credit union client conference Sep. 10-13 in Las Vegas. Fiserv Forum – Fall 2012 is the largest annual technology-focused event for credit unions, and is expected to attract more than 2,000 credit union and financial technology professionals. Strategic decision-making, growing credit union membership, expanding digital channels, managing risk and payment portfolio opportunities are among key areas that will be addressed. The conference will feature a 35,000 square-foot Technology Showcase, where clients can interact directly with the latest financial services solutions. Attendees will have many opportunities to network with their peers and exchange best practices for serving members. A preliminary agenda is available at http://bit.ly/forum_agenda.

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