MasterCard and shopkick Partner for Consumer Rewards

MasterCard cardholders now have the ability to earn valuable rewards and special offers when making qualifying purchases with their linked MasterCard card at participating retailers across the United States. MasterCard and shopkick partnered to give cardholders the ability to earn “kicks” proprietary reward currency when they link their card to shopkick’s Buy & Collect program and make qualifying purchases, which can be redeemed for gift cards, music downloads, movie tickets or other offers. Consumers will receive 250 bonus kicks for each MasterCard card they link to the Buy & Collect program, for a limited time during the kickoff period.

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CorFire and Payfone Partner on mCommerce Platform

CorFire mobile commerce partnered Payfone remote m-commerce to integrate CorFire’s “CorPay” mobile wallet app with Payfone remote m-commerce solution. Payfone authenticates through the bank and carrier networks, making it easy for merchants to implement an accelerated user registration process. Payfone doesn’t require changes to backend systems or new payment marks. Moreover, consumers do not have to download or install the application which, in turn, enables merchants to quickly and easily increase conversions and improve customer loyalty. The “CorPay” solution is a single, intelligent mobile wallet platform that essentially virtualizes current wallet functions so that consumers no longer have to carry a physical wallet. It allows consumers to use their mobile devices to pay for goods and services while on the go.

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U.S. Bank Credit Card Lets Customers Choose Cash Back Categories

U.S. Bank has introduced the U.S. Bank Cash+™ Visa Signature® Card that allows cardholders to choose the categories in which they will earn 5 percent and 2 percent cash back. With choice of categories and no earning limit, cardholders are in control of receiving the most cash back because they must choose their categories every quarter, allowing them to maximize their earning potential. In addition, U.S. Bank cardholders receive a $25 bonus if they redeem $100 at one time. With no minimum redemption, cardholders can select how much they want to redeem as well as how they would like to receive it. Redemption choices include a statement credit or a deposit in a U.S. Bank checking, savings or Money Market account. Cardholders can also select a U.S. Bank Rewards Card with a $20 minimum cash back redemption.

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FIS Sells Healthcare Benefit Solutions

FIS banking and payments technology forged definitive agreement to sell its Healthcare Benefit Solutions business to Lightyear Capital for $335 million. The all-cash transaction is expected to close by the end of the third quarter of 2012, subject to required regulatory approvals and customary closing conditions. The sale includes FIS’ Consumer Driven Healthcare Solutions and Health and Financial Network Solutions, which provide benefits administration, multi-purse debit card and benefit account processing and payment fulfillment services to consumers, healthcare providers and payers. FIS will retain its state and federal government-sponsored electronic benefits transfer (EBT) businesses and programs which serve clients in more than 25 states.

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Bill.com Deploys Cloud-Based Visualization

Bill.com integrated bill payment, invoicing and cash management solutions for businesses announced the general availability of its powerful cash management feature that completes the Cash Flow Command and Control System. This new feature leverages Bill.com’s proprietary, cloud-based accounts payable and accounts receivable systems to deliver a more fluid method of cash flow management than ever before possible. Bill.com’s cash flow system is the only solution that connects user’s banks, books and business, enabling companies of all sizes to finally rid themselves of the cumbersome, error-prone and highly manual spreadsheets that have plagued finance for decades.

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CertoPay Payment Module Now Available for Cs-Cart and Zen Cart

Failsafe Payments launched two payment modules for popular shopping carts, “Cs -Cart” and “Zen Cart de.” These are provided free of charge and allow Internet merchants to safely and easily accept payments by cards and other payment means on secured CertoPay payment page, fully compliant with PCI DSS standards. Installation and configuration settings are easily performed in accordance with provided API and don’t require Internet merchants to possess specific programming skills.

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Vasco App helps Banks Achieve PCI DSS Compliance

VASCO Data Security International software security company specializing in authentication products launched a new version of its IDENTIKEY Appliance, which incorporates IDENTIKEY software version 3.4 and offers support for hardware security modules (HSM), typically used in online banking environments. The updated appliance helps banks and financial organizations to achieve PCI DSS compliance and is specifically tuned to fit the needs of the financial market. VASCO’s IDENTIKEY Appliance provides organizations with a plug-and-play managed server while maintaining the mandatory compliance. It also offers automatic updates, platform system monitoring and schedule back-up as well as extensive reporting tools.

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Visa Announces VIP Lounge at Olympic Games for Chase Cardmembers

Visa unveiled its VIP Lounge for Visa Chase Cardmembers during the London 2012 Olympic Games providing a retreat exclusively for Visa Chase Cardmembers while attending the Olympic Games. The VIP Lounge will also host a series of meet-and-greet events for Visa Chase Cardmembers to attend with Olympic athletes, who will sign autographs, tell their personal Olympic stories and pose for photographs with cardmembers. The VIP Lounge also partnered with celebrity Chef Morimoto to create a pop-up restaurant at the venue throughout the Olympic Games on a nightly basis. Guests will also enjoy continental breakfast, lunch, tea, snacks, and beverages throughout the day; More than 15 HDTVs; Wi-Fi & Computer access; and Concierge Services and phone recharging.

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TSYS Execs to Speak at The EMEA Middle Market Conference 2012

Adrian Garton, managing director, TSYS Managed Services EMEA, and Kellie Goodwin, business development director, TSYS Commercial Services, are set to co-present at the Commercial Payments International’s “The EMEA Middle Market Conference 2012,” in a session entitled, “The Power of Data: Using Analytics to Enhance the Customer Experience.” They will be discussing the flaws in traditional middle-market segmentation and how we need to look at this market through a new lens. They will also discuss best practices around using both behavioral and advanced analytics to predict consumer patterns, along with how to refine this data to better engage customers and enhance their experience.

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GlobalPlatform and Trusted Computing Group form mobile security work group

GlobalPlatform and the Trusted Computing Group (TCG) have announced the creation of a joint work group that will allow sharing of expertise and collaboration around mobile device industry standards. The focus of the work group will be placed on security topics. This includes the TCG Trusted Platform Module Mobile (TPM Mobile) – a TCG-specified security component for mobile devices that supports secure boot, and secures root secrets and immutable data, and GlobalPlatform’s Trusted Execution Environment (TEE) – a secure area that resides in the main processor of a smartphone and ensures that sensitive data is stored, processed and protected in a trusted environment.

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PAY.ON Launches Technology for Processing Hotspots

PAY.ON AG global payment processing switched all operations to its new central data. The performance concept of the new processing hotspot goes beyond today’s industry standards. It features interconnected redundant hot spares between two ‘Tier 3+’ data centre units for state-of-the-art high availability, highest processing performance, as well as free scalability and flexibility thanks to state-of-the-art virtualisation. Internationally applicable PCI-DSS v2 and ISO 27k standards provide the highest degree of data security as well as best risk protection through the use of a DDOS mitigation solution. Connected to London as the most powerful Internet hub in Europe, payment providers now have a processing infrastructure at their disposal that covers every requirement and dimension of modern payment transactions. PAY.ON services are hosted on architecture completely virtualised and thus seamlessly scalable at all times.

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Latest Figures Show Revolving Credit Volume Down 5%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Of the total $2.6 trillion in outstanding US consumer debt-up a jaw-dropping 13.2% since February- total outstanding revolving credit was down 4.8% in April for a decline from $865.7 billion to 862.3 billion. This compares to the year ago figure of $789.8 billion. With outstanding debt having dropped 9.6% from $957.5…

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