Phoenix to Showcase Payment Security Service

Phoenix Managed Networks payment network is set to launch its “PaySecure” service designed to improve merchant payment security and compliance at the Electronic Transaction Association (ETA) annual conference. Merchants benefit from a fully managed firewall service featuring the Mako 6500 router, which assists merchants with simplified PCI accreditation, fast deployment and management of a host of in-store data applications through its intuitively simple usability. PaySecure represents an added value service that can be white labeled as part of their own offering. The Mako Networks leadership team will demonstrate the benefits of the Phoenix-Mako partnership.

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INSIDE Secure Supplies NFC Technology on Nokia Smartphone

INSIDE Secure semiconductor solutions for secure transactions and digital identity announced that its NFC solution has been integrated into the new Nokia Lumia 610 NFC smartphone, based on the Microsoft Windows Phone 7 platform. The Nokia smartphone utilizes the INSIDE Secure MicroRead® v3.4 NFC controller and Open NFC protocol stack software to provide NFC capabilities for a broad range of useful and entertaining applications. The Lumia 610 NFC smartphone is the first Microsoft Windows Phone device that INSIDE Secure has supported with MicroRead® and Open NFC™.

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InTechnology Launches PCI Management Service

InTechnology launched a PCI-certified managed service called PaySecure Connect. The cloud services provider has partnered with Phoenix Managed Networks and Mako Networks to deliver a resilient MPLS network and a secure PCI-certified payment infrastructure which is also capable of delivering managed voice and data services over the same secure connection. PaySecure Connect has been developed to overcome the complexity of achieving and maintaining compliance with PCI data security standards and is the first package to offer consolidated payments authorisation between the retailer and banks with a scalable communication and managed services network. PaySecure Connect adds further value by removing many of the in-house resource costs needed to establish and adhere to PCI standards.

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Amazon Appstore Highlight at Open Mobile Summit

Amazon launched in-app purchasing in its app store while the Kindle Fire is scheduled for a UK launch at the end of April. The future of the apps market, including best practice strategies for monetisation and distribution, is one of the main themes for discussion at this year’s conference, with major app publishers including Layar, Disney and Mind Candy joining the debate. The Open Mobile Summit is widely recognised as the thought leading event for CEOs and senior strategists in the converging mobile, Internet and media space.

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FirsTech to Present at NACHA Conference

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] FirsTech, Inc., a payment processing provider who works to meet the needs of today’s biller through a comprehensive suite of services, will be presenting at NACHA’s PAYMENTS conference on Monday, April 30. Karen Gilhooly, Executive Vice President, in conjunction with a representative from Missouri Gas Energy (MGE), will present a case…

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Sysnet to Provide Worldpay Merchant PCI DSS Compliance Validation

Sysnet Global Solutions payment card industry compliance services, specializing in PCI DSS compliance validation and merchant intelligence solutions, has entered into an agreement with WorldPay card payments to provide PCI DSS compliance validation services to its client merchants. Both WorldPay and Sysnet are committed to providing businesses with solutions to help achieve and maintain required PCI DSS compliance and reduce the risk of cardholder theft. Sysnet and WorldPay have worked closely together to develop a fully branded, customized solution that meets the specific needs of WorldPay’s merchant portfolio, which includes a tailored communication program designed to encourage merchant engagement and to assist business owners throughout the compliance journey.

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Citi Philippines and Planet Payment Ink Multi-Currency Processing Agreeement

Citi Philippines and Planet Payment international and multi-currency payment processor signed agreements to provide Planet Payment’s “Pay in Your Currency” service to Citi’s merchant partners in the country. Citi Philippines will also offer the MICROS Payment Gateway specifically to its hotel merchant partners. Pay in Your Currency(R) can offer significant value-added benefits to Citi merchant partners and their customers. With Pay in Your Currency, Citibank credit cardholders and other eligible customers are offered the convenience of paying in their home currency at the point-of-sale. Customers are presented with a receipt which displays the transaction amounts in both Philippine Pesos and their home currency, together with the exchange rate and other service details. The customer then chooses their currency on the receipt. With Pay in Your Currency, international consumers can enjoy a more comfortable shopping and lodging experience by knowing what they are paying in their home currency, while simultaneously providing the merchant with an opportunity to reduce the processing costs incurred on these transactions. Also The MICROS Payment Gateway has been integrated within Planet Payment’s data center and processing platform, providing any acquirer or processing customer utilizing Planet Payment’s global platform with access to this integrated MICROS solution.

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UAE Exchange Partners Cozmo Travel

UAE Exchange remittance and foreign exchange partnered Cozmo Travel to provide a new payment option for their online bookings. Customers can make their payments and confirm their online bookings at any UAE Exchange counter in the UAE. UAE Exchange offers a wide range of services, which meets most of the financial needs of its over 3.5 million customers, worldwide. The range includes Xpress Money, the instant money transfer service with over 135,000 agent locations in more than 125 countries; FLASHremit, the facility for real time account credit; Money2anywhere.com, the convenient online money transfer portal by which money can be sent to any corner of the world in just a few clicks; Smart Pay, the WPS-compliant leading payroll solution; and XPay, the online bill payment service using mobile phone. These popular services and other bill payment facilities have made UAE Exchange a true financial supermarket.

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American Express Provides HomePay Chip&PIN Accreditation

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The innovative payments company Secure Electrans have announced completion of the formal accreditation of HomePay, their secure in-home EMV Chip &PIN payment solution, by American Express. This is another significant milestone for Secure Electrans and its plans for mass market deployment of the HomePay product suite. This accreditation will enable American…

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LSE LCH.Clearnet Closes Offer

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] On 9 March 2012, LCH.Clearnet Group Limited (“LCH.Clearnet”) and London Stock Exchange Group plc (“LSEG”) announced a recommended cash offer for a majority stake in LCH.Clearnet. On 30 March LCH.Clearnet and LSEG announced that the Acceptance Condition in respect of the Offer had been satisfied as well as a 10 business…

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11.5 Million Bank Card Transactions Registered in 2011

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] About 11.5 million bank card transactions accounting for a total of 118 billion Leks occurred in Albania during 2011. Of these, 93.5% were ATM transactions and 6.5% POS transactions. Meanwhile, the number of bank cards in circulation increased by 5.3% in 2011. The number of credit cards in circulation increased by…

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KeyBS Payment Solutions Provider Plans Expansion

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] KeyBS, a newly-launched payment solutions technology company, has announced that it will be aggressively expanding into the lucrative GCC markets to capitalize on the region’s growing technology use and demand for automated solutions. The company will provide advanced mobile, kiosk and point of sale (POS) systems and services for remittance transactions…

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