Financial Transaction Services Implements Trustwave PCI Compliance

Financial Transaction Services (FTS), a full-service provider of electronic transaction processing services, has selected Trustwave to provide PCI DSS compliance validation solutions for its merchants. FTS engaged Trustwave to provide its merchants with access to TrustKeeper(R) PCI Manager, Trustwave’s innovative security and compliance cloud portal. TrustKeeper PCI Manager simplifies merchants’ compliance efforts including moving merchants through the complex compliance process with greater ease and efficiency by making the tasks achievable for non-technical users. This helps facilitate PCI DSS compliance validation for merchants or acquirers, independent services organizations (ISOs), and processors with large merchant populations.

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Chase Slate with Blueprint Shows More Consumers Creating Budgets

Chase Slate with Blueprint released survey findings on how back-to-school shoppers are managing their spending and borrowing, indicating shoppers are taking a more financially responsible approach. With this, 38% indicate they have a set budget for school-related expenses; in 2011, only 26 percent of people had created a budget for their back-to-school shopping. Clothing is the top category in regards to largest expense, as disclosed by 43% of back-to-school shoppers. This was followed by books or technology, according to 24% and 23% of respondents, respectively. To save money, 39% will purchase necessities such as books first and only buy discretionary items with remaining funds; 34% will make a list and stick to it; 26% will shop online; 17% will begin shopping after school starts; and 7% will leave kids at home when shopping.

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Fiserv Launches Mobile App for UChoose Rewards

Fiserv financial services technology solutions launched a mobile app for its UChoose Rewards debit and credit card rewards program, letting participant use a mobile app to check and redeem their reward points. Participants can also scan UPC codes on merchandise in a store to determine if the item is available through their rewards program and how many points are required to purchase it. UChoose Rewards participants can download the mobile application from Google Play for use on Android™ devices or iTunes® for use on iPhone® or iPad devices. Fiserv also launched a new UChoose Rewards participant website, giving cardholders enhanced search functionality to make redeeming points easier.

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WorldPay US Certifies Encore Networks M2M for ATMs

Encore Networks Machine-to-Machine (M2M) solutions for fixed and wireless communications, announced that WorldPay US certified Encore’s line of C2C routers for wireless ATM transactions. The C2C router was approved for global wireless transactions over the WorldPay processing platform. The C2C is immediately available to WorldPay ATM clients. Encore Networks and its C2C™ line of wireless and wireline routers will be on display at the 2012 WorldPay ATM Distributor Conference. This year’s conference is being held September 18 – 20, 2012, in Atlanta, GA.

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Wells Fargo mBanking Recognizes 5th Birthday

Customers have initiated more than one billion sessions through Wells Fargo Apps, wf.com and text banking throughout its five years of existence. Wells Fargo has introduced a variety of new mobile offerings, including Apps for Android, iPhone, BlackBerry and Palm devices, alerts and mobile bill pay services. In addition, Advanced Access was added that enables customers to receive a one-time passcode on their mobile devices to authenticate their online credentials. Most recently, Wells Fargo initiated a pilot of its Wells Fargo Mobile Deposit service where customers can deposit most checks directly into their eligible Wells Fargo checking or savings account using the Wells Fargo Mobile App on supported Apple and Android devices.

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SecureNet Payment Announces $18mm Growth Investment

SecureNet Payment Systems payment processing technology announced Sterling Partners led an additional $18 million growth equity investment in SecureNet. SecureNet connects merchants, financial institutions and their customers by providing advanced payment technology to deliver a fully integrated, one-stop payment solution that is easy-to-use, secure and affordable for merchants of all sizes. The company processes more than $12 billion in transaction volume and services 14,000 merchants annually.

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Western Union Markets Prepaid Gold Card

Western Union launched its Gold Prepaid Card with VISA International and UnionBank of the Philippines. This will allow the cardholder to direct Western Union Money Transfer transactions directly onto the card by sending a text message, calling a customer-service hotline, visiting Western Union’s website or visiting a Western Union Agent location. The Western Union Gold Prepaid Card will introduce many Filipinos to the financial mainstream in a nation where, according to the World Bank, just 27 percent of adults over the age of 15 have bank accounts. In addition to remittances, cardholders can load their paychecks, government payments, their own cash and other earnings directly onto the card. It requires no minimum balance and includes a loyalty program.

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Eurobank Deploys Mellon Technologies for Contactless Cards

Mellon Technologies IT integrator deployed its large-scale contactless EMV project in conjunction with Eurobank. The first contactless credit cards now available to bank customers, the EMV project allows cardholders to pay for goods of up to EUR25 with no need to enter a PIN or sign the payment slip. The biggest advantage of contactless payments is the transaction speed -by simply holding a contactless-enabled card over a reader, without entering a pin or signing a slip. While a typical card payment needs approximately 12 seconds to conclude, the contactless payment takes less than a second. Mellon Technologies cooperated with Gemalto , which Mellon represented for over 15 years.

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UAE Exchange partners UNICEF For Underprivileged Children

UAE Exchange and UNICEF announced their renewed association for the cause of underprivileged children in 2012 to donate USD 100,000 to UNICEF for the cause. The contribution will be sourced from remittance transactions sent through UAE Exchange branches in UAE, Oman, Kuwait, Qatar and Bahrain, during the holy month of Ramadan, without levying any extra charge on the customers. UAE Exchange is a remittance and foreign exchange brand with operations across 30 countries, built over 30 years. The organization has been instrumental in aiding those affected in natural disasters and other social issues. UNICEF, with its strong presence in more than 150 countries and territories, is known for its initiatives to bring good health, education and protection to all underprivileged children across the world.

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Consumers Running Up Card Bills, Paying On Time

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total outstanding revolving US consumer credit skyrocketed 11.2% in May since the year ago figure. This is up from the April figure of $862.2 billion and compares to the year ago figure of $793.1 billion. However, U.S. credit card performance continues to excel as delinquencies are hitting record lows to an…

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NCR 2Q/11 Revenue Up 11% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] NCR Corporation posted 2Q/12 revenue of $1.41 billion, up 11% from the year ago period and second-quarter income from continuing operations (attributable to NCR) of $67 million. NCR’s Financial Services segment generated second-quarter revenue of $783 million, an increase of 7% from the second quarter of 2011. The NCR Retail Solutions…

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U.S. Bank Offers Surcharge-Free Transactions at MoneyPass ATMs

Kroger prepaid debit cardholders can now enjoy surcharge-free transactions at all ATMs that offer the MoneyPass Network network of over 23,000 ATM locations. Surcharge-free MoneyPass ATM transactions are an extension of U.S. Bank’s extensive financial services relationship with The Kroger Co retailers. In 2010, U.S. Bank and Kroger formed a strategic alliance that offered Kroger customers and associates a suite of payment products and financial services, including reloadable prepaid debit products that offer rewards with every purchase and can be used to shop and pay bills online.

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