NFC Forum Gains Momentum

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The NFC Forum, a non-profit industry association that advances the use of Near Field Communication (NFC), announced that a growing number of companies are displaying the N-Mark, the universal symbol and touchpoint for NFC, on smart posters, tags and media, promotional materials, and websites. In response to this increasing popularity, industry…

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Malauzai M-banking apps raise $2.3mm

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Malauzai Software Inc., a leading provider of mobile banking applications for community financial institutions, announced it has completed a $2.3 million capital raise. The company will use the funds to expand its footprint in mobile banking, pursue strategic partnerships and increase awareness of its proprietary SmartApp platform. Malauzai makes this announcement…

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Ingenico and First Data Partner on Tokenization

Ingenico payment solutions and First Data payment processing partnered to enable retail customers in the U.S. with the First Data “TransArmor.” This will allow customers of both First Data and Ingenico to increase payment security by incorporating TransArmor data encryption and tokenization technologies across the Ingenico “Telium” range of products, which features payment acceptance for EMV, NFC and magnetic stripe cards in a highly secure platform. Ingenico is already working with First Data retailers, emphasizing card data security, reduction of the cardholder data environment, and the advantages of decrypting at First Data as cornerstones of the program. Now the partnership ensures payment card data is more secure from the moment it enters the merchant environment throughout the entire transaction with encryption. After the payment is authorized, sensitive payment card data is replaced with a non-sensitive, random token number that preserves the value of card data for merchant business operations and marketing purposes but removes all cardholder or transaction information that criminals may find useful. This offers a secure environment to significantly reduce the scope and costs associated with PCI compliance.

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UAE Exchange Presents “Fan of the Week” Facebook Contest Post

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Hang out at the UAE Exchange page on Facebook, in April, and you could walk away with an iPad 2 every week. UAE Exchange, the leading global remittance and foreign exchange brand presents “Fan of the week” – a contest, exclusively for its Facebook fans. This exciting promotion will run till…

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Citi and American Airlines Refine CoBranded Card Offering

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Citi and American Airlines introduced seven new benefits on the Citi “Platinum Select/AAdvantage” credit card with 10% miles back on American Airlines AAdvantage miles redeemed up to 10,000 miles per calendar year. Cardholders also enjoy free first checked bag, priority boarding and earn 30,000 AAdvantage miles after $1,000 in purchases made…

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American Express Appoints New Senior VP, Technologies

American Express announced Neal Sample will join the technology team responsible for its “Serve” digital commerce platform. Sample most recently served as the CTO of eBay’s “X.commerce” open development and commerce platform and Vice President of Architecture and Platform Products at eBay. Prior to eBay, Sample was a senior executive at Yahoo! where he led the Open, Social, and Participation platforms. In addition to platform operation and development, his team was responsible for partnerships with Zynga, Facebook and Twitter. Sample attended Stanford University where he received his MS and PhD in Computer Science. He also completed a post-doctoral research fellowship with the CIA Office of Research and Development.

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Braintree Implements Magento eCommerce Integration

Braintree payment gateway launched a plugin for Magento eCommerce Solutions, making its payment solution accessible to 110,000 Magento merchants. This plugin allows Magento Enterprise and Magento Community users to quickly and easily process credit card payments through the flexible and scalable Braintree payment gateway. Magento users will be able to store customers’ sensitive credit card information in the Braintree Vault. Braintree offers credit card vault storage, allowing merchants to reduce their PCI compliance burden by over 90% and helps merchants drive higher recurring sales. Braintree’s client list includes LivingSocial, 37signals, OpenTable, Fab.com, GitHub, Airbnb, Heroku, Engine Yard, Animoto, Shopify and HotelTonight.

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Fiserv wins Celent Compliance Award

Fiserv financial services technology solutions won the XCelent Customer Base award from Celent advisory and research firm. Fiserv was recognized for the depth and breadth of its customer base, which includes more than 750 financial institutions that rely on the company for anti-money laundering (AML) and fraud prevention solutions. Celent profiled 22 financial crime solution providers in its recently released report, 2012 Evaluating the Enterprise-Wide Compliance Vendors: Solutions for Anti-Money Laundering and Anti-Fraud. In the report, Celent examined AML and anti-fraud solutions that support the compliance process end-to-end, from onboarding/customer due diligence and watch list filtering, to transaction monitoring /behavioral analysis, through to case management and reporting/audit.

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VSoft Inks Expansion Through Terrabank

Terrabank selected VSoft’s “VServe” data center to provide a full suite of RDC technology and check processing for its scalability, flexibility and capacity to grow. Outsourcing the technologies to VServe ensures quality transaction handling across the entire item processing workflow with minimal in-house demands. VServe offers high capacity network systems that deliver a dependable infrastructure and is staffed by operations experts, network architects and application administration managers to provide customer support 24 hours a day, seven days a week. VSoft’s image workflow will boost the bank’s efficiency and productivity.

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ValidSoft and Utiba Secure mPayments

ValidSoft telecommunications based fraud prevention, authentication and transaction verification solutions of Elephant Talk Communications forged a global partnership with Utiba mobile payments and mobile financial services solutions. Following the successful completion of stringent technical trials, ValidSoft’s industry-leading, special purpose security architecture for mobile payments, SMART (Secure Mobile Architecture for Real-time Transactions), derived from its advanced VALid-4F platform, has been selected by Utiba and will be integrated into Utiba’s market-leading suite of mobile financial services. With this, Utiba’s more than 40 Mobile Network Operators (MNOs) and banking customers worldwide will be able to offer advanced, user-friendly authentication options using ValidSoft’s proprietary technology.

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