Discover Financial Services Commences Exchange Offers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Discover Financial Services announced the commencement of private offers to exchange its outstanding notes as set forth in the table below (collectively, the “Old Notes”) for new Senior Notes due 2022 (the “New Notes”) and cash (the “Exchange Offers”). The Exchange Offers are being conducted by the Company upon the terms…

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Bank of Verden Deploys i2Core Core Processing

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] IBT, a leading innovator of best-of-breed solutions of cost-effective enterprise-wide technology for financial institutions, today announced that Oklahoma-based Bank of Verden has completed the implementation of IBT’s i2Core Core Processing solution. It provides scalable robust enterprise-wide technology which allows the bank to provide exceptional service to consistently exceed its customers’ expectations.…

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Datacard Appoints Exec to Oversee Instant Issuance & EMV

Datacard Group secure ID and card personalization solutions appointed Mike Vaselenak to lead business development and sales for Datacard Group’s instant issuance solutions. Datacard solutions issue millions of cards everyday worldwide and the company has thousands of instant issuance installations throughout the world, including both magnetic stripe programs as well as EMV compliant smart card programs. Instant issuance complements centralized third party production and drives activation, while helping reduce issuer costs and the risks of sending financial cards and PINs through the mail. Currently co-chair of the Advanced Card Technology (ACT) Canada Prepaid Strategic Leadership Team, Vaselenak has founded and led companies in advanced transaction processing solutions including proprietary account card networks, EMV technology consulting, special purpose POS terminals, extended transaction set authorization and adjudication, and ecommerce merchant and supply chain applications.

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MoneyGram Partners Currency Exchange Houses

MoneyGram International has added two foreign currency exchange houses to its money transfer network – Casa de Cambio Angulo Lopez and Venegiros Casa de Cambio. This development brings the number of MoneyGram locations in Venezuela to 100. Venezuela has seen 812 million USD sent from the country, particularly from the nation’s approximate 2 million immigrants. Key send markets include China, Colombia, Peru, Ecuador, Spain, Portugal and the U.S. In addition, the country receives 1.2 million USD annually, from countries such as the U.S., Italy, Spain, Colombia and the U.K.

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European ATM Fraud Attacks up 63%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] European ATM fraud attacks up 63% due to cash trapping – East The European ATM Security Team (East) has reported that cash trapping incidents significantly increased during 2011, while skimming incidents and ATM related fraud losses fell. Total ATM related fraud incidents increased from 12,383 in 2010, to 20,244 in 2011.…

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Intuate Group & Foregenix partner on PCI compliance

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] South African solutions and people resources integrator, Intuate Group, has partnered with information security consultancy and Payment Card Industry Data Security Specialist (PCI DSS), Foregenix, to help Southern African contact centres significantly reduce their PCI scope and their risks, as well as associated costs, by removing cardholder data from the call…

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Consumer Confidence On the Up in March

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Consumer confidence is keeping its momentum, up again in March thanks to positive attitudes toward the overall economy and sustained confidence in personal finances. The Discover U.S. Spending Monitor, a 4-year-old daily poll tracking economic confidence and spending intentions of nearly 8,200 consumers throughout the month, climbed 1.6 points to 96.5.…

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InComm to Remove Visa & MasterCard Gift Card Products from Jersey

InComm prepaid product and transaction services is set to remove all Vanilla Visa Gift Card and Vanilla MasterCard Gift Card products from retail locations in New Jersey, effective June 30. As a result of modifications made to State of New Jersey’s unclaimed property laws in 2010 designed to fill a budget shortfall, retailers selling gift cards will now have to capture a gift card purchaser’s personal information (which may include name, address and/or zip code) at the point of sale. This information will then be kept by card issuers and is reportable to the state. After two years of inactivity, New Jersey will automatically take the unspent money, even if the card has not expired. InComm will not be able to ensure compliance and has elected to eliminate the Vanilla Visa Gift Card and Vanilla MasterCard Gift Card programs from over 1,500 retail locations in New Jersey.

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Wells Fargo Appoints Top Payment Services Execs

Wells Fargo’s International Group has named Charles Kohler deputy head for GPS and Timothy Merrell director of Payments Consulting, Strategy and Customer Experience for GPS. Kohler will manage sales, liability and liquidity products as well as monitor and mitigate payment system risks. Merrell will develop strategy for new and core payment services as well as the overall customer experience. Both are based in New York and will report to George Doolittle, head of Wells Fargo’s GPS.

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AmEx & TNS Partner on Payment Service Provider

American Express and Transaction Network Services partnered to kickoff the American Express “Payment Gateway.” The payment service provider solution offers a single-source for all sized merchants looking to establish online payment functionality, allowing businesses to set up the ability to manage e-commerce and other card-not-present transactions with fraud and card data security. It supports major card brands and payment types; enables payment acceptance globally with multi-currency enablement in over 120 global currencies and major local acquirer connectivity; meets unique business needs through hosted solutions, standard or custom implementation and in-country solutions; offers cardholder authentication capabilities, and TNS’ tokenization solution. The American Express “Payment Gateway” ultimately connects merchants with all major processors, acquirers and networks and helps enable all forms of online payment transactions to be processed safely and securely by utilizing TNS’ payment software and global network and leveraging fraud protection capabilities.

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Elan Financial Services Introduces Dispute Processing Solution

Elan Financial Services EFT processing introduced “eAdjust Plus” dispute processing solution to make resolving disputes easier and faster for financial institutions. The dispute process, involving cardholders, merchants, acquiring banks and card issuers. Elan “eAdjust PLUS” features a call center staffed by Elan employees with expert knowledge in Reg. E, network charge-backs and adjustments; dispute investigation and provisional crediting/debiting in accordance with Reg. E and network regulations; clear notices of Reg. E claims mailed directly to cardholders; solution and reporting customized to fit a financial institution’s unique needs and adjustment thresholds by dollar amount and adjustment type set by the client. The “eAdjust PLUS” handles credit card ATM and debit card disputes.

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ScanSource Recognized as Polycom Global Distributor of the Year

ScanSource Communications has been named Global Distributor of the Year and North America Distributor of the Year by Polycom, the global leader in open standards-based unified communications (UC). ScanSource Communications received the awards at TEAM Polycom 2012 and was honored for its excellence in selling and supporting Polycom’s solutions on a global level, as well as in North America. The annual TEAM Polycom Partner Awards showcase partners who exhibited outstanding sales performance in 2011 in each of the major partner categories and for excellence in innovation, industry focus, customer services, and integration.

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