Kony Upgrades mBanking Offering

Kony Solutions mobile banking launched its Version 2.0 of “Kony Mobile Banking” turn-key mobile solution built on its “KonyOne 4.0” platform. The “Kony Mobile Banking 2.0” offers immediate access to state-of-the-art mobile banking features, such as payment approvals, mobile check deposits, and full account management capabilities. Only Kony Mobile Banking provides companies with the flexibility to integrate business-specific intellectual property into their applications. Kony Mobile Banking has remote deposit capture and payment approvals; offers a web based administration interface allowing for quick look-and-feel modification to enable and disable features; and it integrates easily into any back-end system.

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ADT Launches Anti-Skimming Kit

ADT Business Solutions released its next generation of ADT Anti-Skim ATM Security solutions to help protect from ATM skimming. Its anti-skimming technology offers multilayered security to help protect ATM customers from this crime, installing inside the ATM an enhanced ADT Anti-Skim ATM Security kit. This features technology that works on all major ATM makes and models, which is triggered upon detection into the alarm mode, generating sound and visual warnings on the control unit. In alarm mode, the kit also emits an omnidirectional magnetic pulse that disrupts the normal operation of the skimming device, rendering its operation useless. Ultimately, the ADT kit provides a full range of ATM card trapping, tamper and false-front protection.

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Regulatory Scheme for Remittance Transfers Put in Place

The Consumer Financial Protection Bureau (“Bureau”) published, in the Federal Register, a final rule setting forth an entirely new regulatory scheme for companies that provide remittance transfers, including banks. Remittance transfers are electronic transfers of money from U.S. consumers to recipients in foreign countries. Among other things, the Bureau’s final rule requires that specific disclosures be given to each “sender” of a remittance transfer showing how much money will be received by the recipient of the transfer in local currency; letting senders dispute errors for up to 180 days following a remittance transfer; and allows senders to cancel remittance transfer transactions within 30 minutes.

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Cryptomathic Launches Two-Factor Mobile Authentication

Cryptomathic e-security solutions launched its two-factor authentication (2FA) smart phone applications to meet the requirements of its global clients for a user friendly and cost effective online security solution. This lets users authenticate themselves and undertake online transactions without the need to carry a dedicated authentication token. With the ability to generate one-time-passwords (OTPs) on a wide range of devices, the solution delivers a versatile and effective mechanism to protect organisations from malicious data breaches using an everyday tool which is familiar and convenient to the end-user. Aligning with open standards such as the Initiative for Open AuTHentication (OATH) as well as banking industry standards, including MasterCard Chip Authentication Protocol and VISA Dynamic Passcode Authentication, ensures the suite can easily be integrated into existing security systems and that the solution is fully interoperable with the global payment network.

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FIS Increases Annual Dividend and Share Repurchase

The FIS Board of Directors approved an increase in the annual dividend from $0.20 per share to $0.80 per share, for an annual yield of approximately 2.8% based on the current share price. The company’s Board of Directors also authorized additional stock repurchases up to $1.0 billion, replacing the existing repurchase authorization under which approximately $361 million remains outstanding. Stock repurchases under the new authorization may be made from time to time by the Company in the open market at prevailing market prices or in privately negotiated transactions through December 31, 2015.

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Raiffeisen Bank Dispatches Cardis Payment Plug-in

Cardis has commercially launched its unique, low value payment software plug-in for banks, processors, payments schemes and merchants. It reduces costs by an order of magnitude for existing payments systems and infrastructures when processing low value payments (LVP). All LVPs are aggregated using patented technology based on auditable stored value units that eliminate the need for processing of individual transactions through the payments system. Raiffeisen Bank International (RBI) has become the first banking group in Europe to introduce the Cardis LVP plug-in, combined with Visa Europe’s V PAY mobile contactless payment solution, as part of its CardMobile service which is being launched in the second quarter of 2012.

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YourCash Implements Symstream ATM

YourCash ATM deployer forged a 3 year contract with Symstream PTY to provide an innovative managed connectivity service enabling remotely deployed ATMs to connect to the LINK network primarily using the GSM voice channel but with the capability to extend to 3G and 4G. Symstream technology will provide YourCash PCI Compliance, reduced costs and increased ATM availability. This provides YourCash real-time status and diagnostic information and the ability to remotely configure & update routers. YourCash intend to use to the Symstream solution on all future ATM deployments, where a fixed line connection is not required.

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HyperWallet Expands Globally

HyperWallet Systems global payment solutions delivered commission payment services to new clients in Hong Kong and London. The first, QNet, is a global direct selling company based in Hong Kong while SilentBuyer is an online shopping club based in the UK. For both, hyperWALLET will deliver global payment processing, payment distribution and prepaid card services. They will leverage hyperWALLET’s brandable pay portal solution, which provides payees with an online & mobile e-wallet for simple commission payment distribution to bank accounts in over 50 countries and supports loyalty points and is integrated with a brandable, reloadable prepaid card (available in USD, CAD, EUR, or GBP) for use worldwide.

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Givex SKU Loyalty BeanStore PoS Program Certified

Givex loyalty and gift card programs across 50 countries worldwide partnered Transacta POS, back office and head office retail systems in Australia, New Zealand and the Asia Pacific, to integrate its SKU (Stock Keeping Unit) Loyalty system with Vision BeanStore POS software. Users of Vision BeanStore PoS now have access to the Givex system for rewarding customers with points, discounts or even free products depending on what’s in their shopping basket.

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Fiserv Deploys AML Detection for Money Transfers

Fiserv financial services technology solutions announced bpost postal operator has implemented its “AML Manager” for its international and domestic money transfers. The “AML Manager” will offer bpost automated transaction monitoring and intelligent detection tools to help them with the investigation and reporting of suspicious money-laundering activity. Fiserv was selected after an in-depth European competitive tender and a successful three month proof of concept. Solution areas include financial crime risk management, financial risk management, financial performance management and financial control solutions.

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BPC Banking To Oversee Aeroflot Payment Gateway

BPC Banking Technologies Open System e-payment solutions for the global financial industry, reports on the successful operation of a Payment Gateway for Aeroflot – Russian Airlines. Built on SmartVista technology the Gateway has consolidated all sales channels for Aeroflot ticket sales into a single integrated interface for the Company. Recently BPC has also developed and implemented an integration of Aeroflot’s frequent flyer program “Aeroflot Bonus” with the gateway to support points’ redemption in the purchase of tickets and services from Aeroflot’s partners. Aeroflot engaged BPC to develop and implement a single Payment Gateway. Basing the implementation on its award winning payment processing solution – SmartVista, BPC created a single switch that enabled Aeroflot to manage its interfaces to numerous bank acquirers and partners as well as connections to payment systems.

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