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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Visa Plugs Olympics Trip Sweepstakes on USA Technologies’ Network

Visa Olympic Games Sponsor and USA Technologies wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries, announced the ability for vending and other self-serve retail locations served by USAT in the U.S. to promote Visa’s London 2012 Olympic Games Trip for Life Sweepstakes. Beginning the summer of 2016, one Grand Prize winner and a guest will receive round trip airfare; deluxe hotel accommodations; and tickets to Olympic Games events, all with no purchase or obligation necessary to enter or win.

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American Express OPEN Enhances Plum Card

American Express OPEN announced enhancements to the Plum Card (www.plumcard.com) to help small business owners better manage cash flow and free up working capital by taking advantage of the card’s built-in trade terms. With ‘Early Pay Discount,’ Cardmembers pay at least 10% of their balance within 10 days of the statement closing date, they will earn a 1.5% discount on the portion they elect to pay. Previously, Cardmembers were required to pay the balance in full to enjoy this benefit. They also get ‘Extra Days to Pay,’ when Cardmembers pay at least 10% of the balance, they can take up to 60 days from the statement closing date to pay the remaining balance without penalties or interest charges. Both options are designed to help Cardmembers better manage cash flow. The payment flexibility allows Cardmembers to adjust to changing business needs and also have the option to choose the most convenient time for the billing cycle to close — either at the beginning, middle or end of the month.

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Datacard Launches New Card Issuance System

Datacard Group secure ID and card personalization solutions launched its “MX1100” card issuance system. Designed specifically for mid-volume issuers, the MX1100 card issuance system helps financial institutions, government agencies and other organizations take the first step into centralized card issuance with minimal investment. Ideal for issuing highly secure national ID, driver’s licenses, healthcare cards and credit, debit, prepaid and membership cards, the system offers a unique combination of low cost-per-card and proven quality, reliability and ease-of-use for expanding card programs. Its part of Secure Issuance Anywhere platform and provides customers the flexibility to issue, replace and deliver cards anytime, anywhere, with complete security.

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EastPay Appoints Director of Risk Management Services

EastPay has appointed Debra Arai, AAP, as Director of Risk Management Services. Her primary responsibilities include conducting ACH Compliance Audits, ACH Risk Assessments, and Remote Deposit Capture Risk Reviews. She is also the Product Manager for EastPay’s ProceduresNow! software suite and provides ACH Rules interpretation support to members of the Regional Payments Association. She is located in EastPay’s Charlotte, North Carolina office. Debbie was most recently Vice President, Online Services, at Thurston First Bank in Olympia, Washington. There she held a variety of management roles and was responsible for the retail and commercial product offerings, including product management, implementation, underwriting, risk management, and electronic payments regulatory compliance.

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Central Bank Upgrades to NCR SelfServ ATMs with SDM

NCR Corporation announced that Central Bank, which services Provo, Utah and the surrounding communities, will deploy 10 NCR SelfServ ATMs to revamp its ATM network. The new ATMs include NCR’s Scalable Deposit Module (SDM) technology, and replace older machines including some from a competing manufacturer. NCR’s Scalable Deposit Module (SDM) is the only ATM technology on the market that allows consumers to deposit both cash and checks simultaneously in any orientation through a single slot. The NCR SelfServ ATMs deployed by Central Bank are designed to meet customer demands for fast, convenient service. NCR’s SDM is the only technology on the market that allows consumers to deposit both cash and checks simultaneously, in any orientation, through a single slot. SDM enables consumers to make a deposit at twice the speed of using a regular ATM.

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Elavon Adds EMV Data Protection

Elavon payment solutions provider announced its “SAFE-T” Suite security solution now includes support for EMV, providing businesses that process and store cardholder data with greater security for payment transactions. The “SAFE-T” Suite helps businesses protect card data at every step of the transaction process: when it is in use, in transit, or at rest. EMV terminals read advanced algorithms contained on Chip cards to authenticate that the card is not a counterfeit. Point-to-point encryption secures the data from the time a card is presented and as it travels across the payment processing networks. Tokenization replaces actual card data with a unique identifier to protect data at rest in a merchant’s environment, while still allowing it to be used for subsequent business purposes. For any business that processes card-on-file transactions, has a loyalty program, or needs data for customer analytics, SAFE-T Suite offers added peace of mind. It allows for these processes to continue without the risk of exposing actual card data, while making the tokenized data available for future use.

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APS Card Recognized at Awards Ceremony

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Cashplus Prepaid Card, offered by Advanced Payment Solutions (APS), has won ‘Best Payroll Prepaid Card’, ‘Best Unbanked Prepaid Card’, and ‘Best Basic Bank Account with Prepaid Card’ at the Prepaid365 Awards 2012. There were over 340,000 consumer votes and 86 entrants for this year’s Awards. The votes show just how…

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