Digital River Hosts Cyber Security Conference

Digital River, the revenue growth experts in global cloud commerce, will host leading cyber security experts at the Digital River® Globalocity™ commerce conference. Globalocity, which is expected to draw top business visionaries, industry analysts, global commerce executives and senior professionals from the U.S., Europe and Asia, will take place May 14-16, 2012, at the JW…

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InsurCard Announces ‘No-Cost’ Way to Pay Providers

InsurCard, the industry leader in prepaid card programs for Workers Compensation payments, recently announced the introduction of the InsurCard Virtual Card, their ‘no-cost’ program for insurers and TPAs who pay workers compensation benefits directly to healthcare service providers. The InsurCard Virtual Card program provides electronic delivery of payments to providers, at no cost to the…

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Malauzai M-banking apps raise $2.3mm

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 on the heels of…

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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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Citi and American Airlines Refine CoBranded Card Offering

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 within the first three…

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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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