JP Morgan launches Image Deposit Direct Mobile

JP Morgan Treasury Services, a full-service provider of cash management, trade finance and treasury solutions, today announced the launch of its mobile application Image Deposit Direct Mobile (IDD Mobile). IDD Mobile enables U.S.-based companies to make check deposits using any Apple iPhone device, eliminating the need to visit a branch. IDD Mobile is an extension…

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TransCentra Spotlighting Multi-Channel Management and Transaction Trends

TransCentra, a leading provider of billing and payment software and services, announced today that three team members will be speaking to attendees on trends in the transaction industry at the IFO Fusion Conference May 13-17 in Nashville, TN. The TransCentra speakers will be addressing multiple issues in the payments and remittance marketplace and offering insight…

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iPavement Intelligent Pavement with WiFi and Bluetooth

iPavement™ will be manufactured in Spain by VIA INTELIGENTE from June 2012. It will be the new generation of intelligent pavement, with an operative system, Apps and sensors will provide the streets with functionalities and communications for the city’s inhabitants. iPavement, through VIACITIES OS, integrates services such as plans of cities and public transport, leisure,…

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Encore Offers Contactless Smart Phone Payments to Small Biz

In today’s fast-paced world where technology is a key component of “the everyday experience” business owners everywhere are constantly challenged to offer more versatile and cutting edge payment solutions for their customers. For the average consumer, leaving the house with smart phone in hand is just as much part of the routine as coffee and…

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Government E-Payments Adoption Improves Globally

The Economist Intelligence Unit released the results of the 2011 Government E-Payments Adoption Ranking (GEAR) study, commissioned by Visa Inc. (NYSE:V). The GEAR study measures the extent to which governments in 62 countries provide e-payment services and the underlying factors that affect government e-payments adoption. It builds on an initial study conducted in 2007 with…

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USA Technologies Board Member Resigns in Wake of Ethic Violations

USA Technologies, a leader of wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retailing industries, announced that Bradley Tirpak, a former board member, has delivered a notice purporting to nominate himself and six other individuals as director candidates at USA Technologies’ 2012 annual meeting of stockholders. After USAT received Mr. Tirpak’s notice, USAT initiated contact with him in order to explore whether a resolution could be reached that would be in the best interests of USAT and its shareholders. Unfortunately, Mr. Tirpak has indicated that he is only prepared to amicably resolve this matter if we give him and his hand-picked nominees a majority of the USAT board of directors. Under Herbert’s leadership as chairman, the USA Technologies Board of Directors has taken a proactive approach to corporate governance. In November 2011, the independent directors, including Mr. Tirpak, unanimously named Steven D. Barnhart as lead independent director, in accordance with current corporate governance best practices. In addition, three new independent directors have been named to the USA Technologies board since the beginning of 2012. Tirpak voluntarily resigned just last month from the Board of Directors after all other board members requested him to step down due, in part, to conduct they viewed to be detrimental to USA Technologies and prohibited by USAT’s Code of Business Conduct and Ethics.

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FIS acquires ICS Risk Advisors and Memento

FIS banking and payments technology acquired ICS Risk Advisors and Memento risk, fraud and compliance firms for undisclosed terms. The acquisition of these two firms underscores FIS’ strategy to deliver a full complement of governance, risk, compliance services and integrated fraud solutions that drive value throughout the enterprise for financial institutions. ICS Risk Advisors, a full-service risk management firm, develops, implements, maintains and reviews enterprise risk management and regulatory compliance programs for hundreds of financial institutions, spanning from the world’s largest financial institutions to community banks. Memento enterprise fraud management delivers next-generation fraud solutions through its award-winning enterprise platform that helps protect financial institutions from wide-ranging, costly threats and enables key stakeholders to measure the true value of loss prevention investments.

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MiiCard Expands, Protects Online ID

MiiCard announced a move to target the US market following increased market traction globally for miiCard’s online identity verification service in direct response to increasing issues of online trust. miiCard lets users prove their identity on a federated identity verification service. miiCard’s innovative use of Yodlee’s patented, Personalized Finance Platform, enables miiCard to establish a consumer’s identity by linking their financial accounts with their online identity. Along with a number of additional security measures, including email verification and 2-factor authentication via sms, miiCard can validate a consumer’s identity to the fullest extent of applicable anti-money laundering (AML) and know your customer standards (KYC).

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Wright Express Deploys ReD Payment Fraud Protection

ReD fraud prevention and payment services announced Wright Express corporate and prepaid payment solutions has signed an agreement to utilize ReD’s enterprise fraud prevention service. The established fleet and fuel card company has incorporated ReD PRISM® as a supporting tool to its in-house fraud initiatives. ReD PRISM uses predictive analytics and neural modelling technologies to score the likelihood of a transaction being fraudulent. The combination of custom scoring and dynamic rules assists client companies in identifying likely fraudulent transactions before they occur, thereby reducing overall fraud losses.

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Prepaid2Cash Launches Gift Card Exchange

Prepaid2Cash launched its beta website www.prepaid2cash.com, letting users exchange prepaid cards most commonly acquired through rebate programs, product promotions and holiday gifts for cash. Consumers can safely redeem their open loop prepaid cards for cash, select to receive cash redemption either through an automatic bank account transfer or mailed check. Once a transaction has been completed, consumers can expect fund settlement in 2-4 business days for a bank transfer and 4-6 business days for delivery of mailed check. Prepaid2Cash has partnered with leading security companies such as VeriSign, Trust Guard, and TRUSTe to ensure all transactions are securely encrypted.

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