Pierpoint commences interest rate swaps through SwapClear

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] LCH.Clearnet Limited, Pierpont Derivatives LLC (Pierpont Derivatives) and Nomura Securities International, Inc. (Nomura) today announced that Pierpont Derivatives is now actively clearing over-the-counter (OTC) interest rate swaps through LCH.Clearnet’s SwapClear service. Initial trades were executed and cleared by Nomura and affirmed by MarkitSERV, allowing Pierpont Derivatives to leverage MarkitSERV’s straight-through-processing affirmation…

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Visa & Monitise Oversee mPayments Service

Movida m-payments joint with Visa and Monitise inked an agreement with HDFC Bank to introduce its mobile payment service, letting users pay bills, top up prepaid airtime and buy tickets from their mobile phone. Implementing menu-based USSD mobile technology (protocol to communicate mobile phones with service provider computers), cardholders can access the service over Movida’s secure connection. Its secure and encompasses various security measures to maintain account integrity, including a unique PIN number set up on the phone to access the account information. Only the user’s bank-registered phone can be connected to the service.

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G&D Provides mPayment Pilot NFC-Capable SIM Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Leading technology group Giesecke & Devrient (G&D) is supplying NFC-capable SIM cards to Nòverca, an MVNO, for Italy’s very first pilot project for mobile payments launched by Banca Intesa Sanpaolo. Six hundred employees and customers of Banca Intesa Sanpaolo can now use their mobile phones to make contactless payments in the…

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NFC Brings Immediate ROI to Organizations

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] NFC implementation expert Think&Go NFC announces that first results for T&G NFC-Audit&Control implementation and reports that NFC can bring fast ROI for organizations of all sizes and in all market segments. Deployed in Retail, Manufacturing, and Healthcare/Wellness, companies who have implemented T&G NFC-Audit&Control have reached ROI within 5 to 12 months.…

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TouchStar Launches $400K mPayment Solution

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TouchStar Solutions, LLC, has announced that one of its international customers, Amalgamated Pest Control of Australia (APC), has signed a 3-year contract with Mint Wireless Limited, valued at $400,000. Amalgamated Pest Control, Australia’s largest privately-owned pest control company, will roll-out 300 mobile handheld computer devices during 2012. This software technology will…

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Ericsson unveils new m-commerce portfolio

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Ahead of Mobile World Congress 2012, Ericsson (NASDAQ:ERIC) unveils its new extended suite of m-commerce solutions and services, designed to accelerate access and interconnection between the emerging m-commerce eco-system and the financial world to fast track the next generation of mobile financial services. Ericsson is launching two new services within its…

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Grupo Elektra and Western Union Ink Money Transfer Agreement

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Grupo Elektra, Latin America’s leading financial services company and specialty retailer, and The Western Union Company, a leader in global payments, announced the companies have entered into a new long term money transfer agreement in Mexico with Western Union under a non-exclusive basis. With more than 1,800 points of sale in…

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Ukash Expands Serviced Countries

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Ukash, the international eMoney payment method, is now available throughout Denmark via one of the world’s most recognisable global brands, 7-Eleven. 7-Eleven has been in Denmark since 1993 and many of the 195 locations are often in convenient locations including high streets, railway stations and airports, many are open 24hrs a…

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PRIME/SUPER PRIME CARD FEE INCOME, AS A % OF TOTAL INCOME

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In their series of weekly year-end industry trend reports R.K. Hammer discusses here how fee income continues to climb higher in terms of top line revenue contribution. For decades, interest income on prime/super prime cards had always contributed the largest portion of the card industry’s revenue streams; just the opposite of…

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Euronet Posts 4Q/11 Posts Revenue Up 13% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Euronet Worldwide, a leading electronic payments provider, reports its full year and fourth quarter 2011 financial results. Euronet reports the following consolidated results for the full year 2011: Revenues of $1,161.3 million, a 12% increase from $1,038.2 million for 2010 (7% increase on a constant currency(1) basis). Operating income of $79.1…

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Oberthur Reaches Historical Market Presence in the US

Oberthur Technologies shipped over 2.5 million EMV cards to US banks and credit unions and it currently has fifteen active EMV programs in the US. Moreover, it now offers a comprehensive range of EMV payment solutions for contact, contactless and dual interface payment cards and prepaid cards. For this, Oberthur offers EMV-in-a-Box fully integrated EMV migration solution and management program based on best practices gained by Oberthur Technologies’ experience from hundreds of EMV projects worldwide. The EMV-in-a-Box program includes on-site consultation, EMV training, project management and technical support. The migration plan enables EMV cards to be issued within 12 weeks from project initiation.

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PaymentOne Supports HTML5 Standard

PaymentOne mobile payments now supports the HTML5 standard through its “HTML5 API.” The PayOne HTML5 API provides an HTML5-compliant Web-based payment flow for developers of mobile games and applications looking to monetize their offerings across all platforms and devices with a highly secure and frictionless “charge it to my mobile phone bill” payment method. HTML5 solves fragmentation challenges with the ability to develop once and reach all platforms while avoiding the walled-garden restrictions that characterize the traditional platform-specific app stores. PaymentOne’s support for HTML5 provides enhancements to further simplify the consumer experience, allowing merchants and developers the ideal payment method to reach more than 4 billion consumers around the world.

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