Acquirer Systems testing platform gets Diners Club qualification

Acquirer Systems test and validation solutions that provides Card Issuers and Acquirers test environment to simulate end-to-end payments ecosystem announced its “ASTREX” acquirer and issuer host testing platform is now qualified for “D-PAS” Diners Club International’s EMV-compliant payment specification. The Diners Club EMV specification is being rolled out internationally, affording issuers, acquirers, merchants and cardholders the additional security and functional benefits that EMV offers over magnetic stripe cards. EMV’s inherent security and enhanced configurability presents an unprecedented opportunity for card product innovation to meet the growing demands of cardholders in a competitive market. ASTREX now supports the deployment of D-PAS by offering a real-time end-to-end EMV payment emulation environment allowing Issuers, Acquirers and Payment Service Providers to independently simulate, test and validate the full range of payment transactions for card-scheme EMV compliance.

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U.S. Agency for International Development & Citi to Accelerate mMoney Adoption

The U.S. Agency for International Development (USAID) and Citi announced a global partnership to broaden financial inclusion by fostering the rapid adoption of “mobile money” technology in developing countries. The announcement was made at USAID’s Frontiers in Development Forum at Georgetown University. Of the five billion mobile phone users worldwide, nearly two billion lack access to banking services, instead relying on cash transactions that expose them to potential theft, fraud or loss, and high-cost lending and remittance providers that leave them vulnerable to endless debt and high fees. USAID and Citi will work with governments, donors, industry and other participants in the payments system. USAID expects to continue to support local mobile money platforms with over $23 million, and Citi will integrate its core banking services with mobile money platforms to provide seamless integration between banking and last-mile, mobile-based payments services.

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Intuit Launches mBanking Purchase Rewards

Intuit Financial Services “Mobile Purchase Rewards” feature for mobile phones now lets customers save with customized merchant-funded discounts or rewards that are based on their personal buying habits. Customers then simply swipe their bank- or credit union-provided ATM/debit card to redeem and save money. The savings are then automatically deposited back in the customer’s checking account at the end of each month. Users can earn unlimited cash back through “Purchase Rewards” and complete end-to-end security so no personally identifiable information is shared with outside parties. The new Mobile Purchase Rewards capability adds to the robust set of mobile banking tools Intuit offers to banks and credit unions.

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4sight releases corporate action processing modules

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] 4sight Financial Software, a leading provider of software and consultancy to the Securities Finance and Collateral Management markets, has developed a new suite of corporate action processing modules for its 4sight Securities Finance and Collateral Management solution. The new modules provide a greater level of automation and workflow processing, with the…

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DMV Accepting Credit/Debit Card Payments

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Cassia County customers can now pay for their vehicle registrations using credit and debit cards at the DMV office in downtown Burley, Cassia County Assessor Dwight Davis announced. “More and more citizens expect government entities to accept the same forms of payment as retail stores,” Davis said. “Paying by credit or…

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Panini Plans Participation in Premier Financial Technology Event

Panini payments processing technology is set to exhibit at CIAB FEBRABAN financial technology event for Latin American markets. Panini will showcase their market-leading payments technology, including solutions for check truncation and document automation, and software for scanner management, optimization & security. Panini’s direct subsidiary in Brazil, Panini Limitada, has partnered with many of Brazil’s leading banks, including Sicoob. Representatives from Sicoob will be joining Panini in stand B4 to discuss remote deposit solutions for business clients. An interview with Edson Lisboa, Systems Development Manager at Sicoob can be viewed on Panini’s YouTube channel, PaniniVision. Panini will also showcase their world-class check truncation multi-format hardware solutions including the Panini Vision X® MFS, wI:Deal™ and I:Deal™. The Vision X Multi-Function System (MFS) is capable of consolidating and automating a wide range of branch transactions including receipt printing, full page document scan, magnetic card read, smart card read, and more.

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My Mobile Payments Launches mWallet

My Mobile Payments mobile payment service provider launched ‘Money-on-Mobile’ (MOM), an M-Wallet service which permits a mobile phone subscriber to purchase a wide range of goods and services using the mobile phone instead of paying by cash, cheque, debit or credit cards, for the Indian market. The ‘MOM’ platform allows the Indian consumer to load their mobile phones with cash of various denominations, minimum being INR 20, at retail touch points and then use this virtual money to top-up any prepaid mobile recharge and DTH recharge, pay postpaid mobile bills, utility bills such as electricity and gas and purchase airline, bus and movie tickets. MOM’s service operates independent of the consumer’s mobile operator or bank, and hence any mobile subscriber can avail of its services through the SMS or mobile application-based platform. ‘MOM’ is focused on the unbanked market that has no alternate to payments except cash.

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ACI Inks Pre-Paid Card Deal with Engineering

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] ACI Worldwide, a leading international provider of payment systems, announced that Engineering, a leading Italian systems integrator and outsourcing provider, has expanded its relationship with ACI to support a new contract for issuing up to one million prepaid cards for online commerce. Engineering has been a long-time ACI customer, using ACI…

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Citi Launches Algorithmic Platform

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Citi has launched a full suite of algorithmic and direct market access trading products providing clients electronic access to the Turkish equities markets. The new platform delivers Citi’s market-leading technology through a range of smart and flexible algorithms, enabling clients to enhance their trading capabilities. The algorithms were launched on the…

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HSBC Merchant Throws Hat in mCard Reader Ring

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] HSBC Merchant Services, a wholly-owned subsidiary of Global Payments Inc. and one of the largest independent payment processors in the UK, has launched a flexible, mobile product enabling merchants to accept card payments on the go. Developed in conjunction with eMerit Solutions Limited, the new offering turns smart phones and tablets…

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Employment Rate Stumbles, Bankruptcies Drop

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The US unemployment rate was up again in May-albeit marginally- from the April figure of 8.1% to 8.2%. Meanwhile, total bankruptcy filings were down 11% in May to 109,392 from the 122,836 filings registered in the year ago period. Personal filings, however, were up 0.4% from the the April total of…

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Paychex Launches Mobile Smartphone App

Paychex, Inc., a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses, today announced the launch of its Paychex Mobile smartphone application for iPhone®, Android™, and BlackBerry®. The app provides Paychex clients powerful tools for instant management and increased productivity, while offering their employees on-the-go access to personal payroll, benefits, and retirement information.Paychex Mobile provides an optimized screen for easy viewing that allows users to connect to a customized dashboard of favorite tasks that include a variety of employer- or employee-focused features. The Paychex Mobile dashboard provides a navigation point into the app’s various features, and allows users to configure and customize the dashboard with their preferences. Additionally, scrolling navigation at the top of the subsequent screens allows users to move freely to other parts of the application, without toggling back to the main menu.

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