Yahoo! Names PayPal Exec to Head Consumer Commerce

Yahoo! digital media company announced former PayPal executive, Sam Shrauger, and current Yahoo! executive, Mollie Spilman, will co-lead the new consumer commerce business unit for Yahoo! as senior vice presidents. The new commerce business will focus on delivering engaging and personalized consumer commerce experiences which will connect consumers to marketers and merchants. This business unit will initially be made up of existing Yahoo! properties and is expected to include new offerings over time. Shrauger was most recently vice president of PayPal’s global product and customer experience organization, in which he defined the product vision and strategy for PayPal’s global product portfolio. Spilman most recently led marketing for Yahoo!’s Americas region and built strategies which delivered relevant insights to clients and created programs that increased consumer engagement and usage across multiple platforms.

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POS Stocks Gain, Prepaid Loses

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] VeriFone Systems Inc. enjoyed the largest gain on the market of the payments companies tracked for the PYMNTS.com Index last week, its stock price up nearly 3 percent between Monday’s open and Friday’s close. The point-of-sale solutions provider may have been benefitting from a favorable analyst report issued by Goldman Sachs…

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Syndicaster Launches Live HD Streaming with Dynamic Extraction

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Critical Media’s Syndicaster unit introduced a live HD streaming solution for television stations to identify and extract over-the-air commercials in real-time, and replace them with geo-targeted digital ads for delivery to web, mobile devices and connected televisions. The solution, being demonstrated at the National Association of Broadcasters’ 2012 NAB Show at…

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AmEx Adds Ways to Use Membership Rewards Points

American Express announced new and recently added partners to its industry-leading Membership Rewards program, including Seamless, Groupon, Virgin America and vente-privee USA. Through a new relationship with Seamless, a leading online food ordering service, American Express Cardmembers can redeem Membership Rewards points for pickup or delivery orders from more than 9,000 of their favorite local restaurants in 40 cities. Cardmembers redeem in 1,000 point increments for $10 e-certificates good for orders placed on Seamless.com or via Seamless’ mobile apps for iPhone, iPad, Android and BlackBerry. Groupon is among the added partners, allowing Cardmembers explore their city using Membership Rewards points.

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Open Solutions’ CEO Launches ‘Main st’ Petition

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In a showing of solidarity with Main Street America, small businesses and community-based financial institutions, Louis Hernandez, Jr., award-winning entrepreneur, policy advisor and highly-respected business executive has launched a petition and a call to action encouraging small businesses, individuals and community-based financial institutions to raise their voices in protecting the now…

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Paymetric Growth Continues

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The need for cutting edge payment card security continues to groundswell amidst ever increasing card usage, inevitable associated data breaches and security issues, as evidenced by Paymetric’s record 2011 results and strong 2012 first quarter performance. Paymetric, Inc., the leading provider of integrated and secure enterprise payment acceptance solutions, today announced…

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ACH payments volume Up over 20 billion transactions

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total ACH payment volume grew to over 20.2 billion transactions in 2011, up 4.35 percent over 2010, according to new statistics released today by NACHA – The Electronic Payments Association. ACH payments moved a total of $33.91 trillion over the Network in 2011. According to NACHA, the steady growth of the…

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INSIDE Secure Supplies NFC Technology for Nokia Smartphone

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] INSIDE Secure, a leader in semiconductor solutions for secure transactions and digital identity, announced that its near field communication (NFC) solution has been integrated into the new Nokia Lumia 610 NFC smartphone, based on the Microsoft Windows Phone 7 platform. “We are very excited to be providing the NFC core technology…

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Cashplus Business Account Card Program Awarded

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Advanced Payment Solutions Limited, the company behind the Cashplus Business Account, has won yet another award. This time it picked up ‘Best Business Card Programme 2012’, at The Card & Payment Awards. The judges of this prestigious award looked for evidence of how card programmes benefited customers. In the case of…

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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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