ACG Reports mPayments Report & Usage

The Auriemma Consulting Group (ACG) is set to launch its new Mobile Payments Report (MPR), a market research service that provides comprehensive and trended insight covering mobile as a payments device, means to manage finances, marketing channel, and as a method of engaging with consumers. The MPR is an invaluable source of insight that solves multiple issues in a rapidly evolving market place. Unlike other ‘spot’ research it is trended four times a year, can have customised cross-tabulations based on precise subscriber needs, and will evolve as the industry evolves. Through insight and research, it enables subscribers to understand how consumers think, feel, and behave to craft compelling strategy and propositions. The report is to ensure subscribers can monitor best practices and access timely, up-to-date, tracked and trended consumer insight.

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Gemalto Supports Diners Club EMV Migration

Gemalto launched its approved EMV application which will be deployed by Diners Club Spain during 2012. Gemalto is providing Diners Club Spain with consulting and personalization services, in addition to Dynamic Data Authentication (DDA) payment cards that are compliant with the Discover Financial Services D-Payment Application Specification (D-PAS). DDA is a highly secure authentication technology whereby the smart card chip creates a unique signature for each transaction that allows banks to authorize transactions more securely. With the addition of Diners Club, Gemalto now supplies EMV solutions to all international payment associations, providing a complete portfolio of secure payment applications.

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Monext Merchant Services PCI DSS Certified

Monext’s Payline and Pavavenue services, which are targeted to merchants, have renewed their PCI DSS certification. Monext’s tokenisation service (card identification encryption) has also been certified for the first time. This certification guarantees Monext’s clients that their data will be processed in a highly secure manner during electronic transactions. Monext is one of the first payment service operators in Europe to have their entire line of services PCI DSS-certified and renewed. Monext believes it is a strategic matter to ensure high security standards for its clients’ transactions.

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Cashless Parking Launches

A new system which allows motorists to pay for parking without cash is to be implemented in towns across Northern Ireland. Rather, it requires short phone call at the start and end of a parking session. Payment is taken on either a credit card or debit card at the end of the month. It avoids the problem of motorists not having change or having to guess how long they will be parked for.

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Credit Card Issuers to Increasingly Compete for Online Payments

Online payment space is what UK credit card issuer are sure to vie for throughout the next couple years. Credit cards are used for 49% of online purchases, but payment methods such as PayPal now account for over 20% of online purchases. But this poses risk because their market share has primarily been taken from credit cards, as both PayPal and emerging payment methods expand into new categories. These findings, according to Auriemma Consulting Group (ACG), also show 36% of consumers find purchases more secure with credit cards; 33% value rewards on purchases; 16% enjoy available credit on the card account; 8% cite convenience; and 7% prefer their credit card because of the good interest rate.

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Capital One Offers Free Credit Score Access and Tools

Capital One Financial Corporation launched its Journey Credit Tracker interactive online credit education tool for “Journey Student Rewards” Credit Card customers. The customized tool powered by Credit Karma offers Journey cardholders free access to their monthly TransUnion credit score and profile in addition to a variety of tools to help them learn about credit. The Journey “Credit Tracker” web site offers students interactive tools that allow them to quickly and easily monitor their credit score and keep tabs on different credit factors impacting their score. Users can also compare their credit score to that of their peers by age or location, and the “Credit Simulator” lets users virtually simulate how certain financial choices will impact their credit score. Journey is designed to help college students build their credit with confidence and reward them for responsible credit use.

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MasterCard Extends KeyBank Debit Card Provision Contract

MasterCard and a KeyBank forged a multi-year contract to deliver industry-leading debit payment solutions and processing capabilities. KeyBank’s Debit MasterCard program will add the capability for PIN transactions to the long-standing signature purchases and ATM withdrawal functionalities. KeyBank will implement the debit and prepaid transaction processing capabilities of MasterCard Integrated Processing Solutions (IPS), which offers a processing solution to create differentiated products and services and quickly expand payments portfolios across business channels efficiently and with minimal infrastructure investment. The platform provides a complete range of processing services for signature and PIN debit, as well as ATM and global prepaid.

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Credit Union 24 Appoints Relationship Manager

Credit Union 24 credit union-owned ATM & POS network appointed James Gukeisen Relationship Manager. Gukeisen served as Senior Card Services Manager and was responsible for the day-to-day operations of all non-credit card products, including debit cards, instant-issue cards, single-load gift cards and Suncoast’s 200 ATMs. Gukeisen also served as ATM manager and check-card manager, and was previously a project manager responsible for introducing new card products, developing rewards programs and assisting with fraud and risk management. Gukeisen is a Certified Credit Union Executive, a Certified Financial Management Specialist and a Certified Financial Services Professional.

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Astra Bank deploys Fiserv Platform

Astra Bank deploys the Fiserv “Precision” bank platform, in addition to multiple other solutions. The integration between debit card processing services from Fiserv and the Precision bank platform will bring real-time information to frontline employees. Namely, the Bank selected the “Precision bank” platform and outsourced account processing services, as well as Branch Source Capture and Merchant Source Capture for remote deposits, Business Analytics for enterprise-wide reporting functionality, CheckFree RXP for bill payment, “ZashPay” for person-to-person payments, Director for document imaging, Fiserv “Clearing Network” for image exchange and card services solutions for debit card processing. The “Source Capture Solutions” from Fiserv will give Astra Bank competitive advantage by helping the bank to better serve those customers with the convenience of making deposits from remote locations, while enabling the bank to expand its footprint.

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Wells Fargo Advantage Funds Launches m-site

Wells Fargo Funds Management announced its mobile version of the Wells Fargo Advantage Funds website. Visitors can access the mobile website on all smartphones, including iPhone, BlackBerry, and Android devices, at wfaf.com. Visitors who use their smartphones to access the Wells Fargo Advantage Funds website will be automatically redirected to the mobile version. The mobile website’s content is organized by the following categories: Our Funds: Provides current fund information, such as daily data, performance, holdings, and fund history. Market Insights: Displays the 10 most recently published thought leadership pieces.

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CashStar Growth Attributes New Retail Brands

CashStar digital gifting and incentives continues its momentum and record growth as the company powers into 2012. CashStar grew more than 400 percent during the past year, more than doubled its retail brand partners and now drives the majority of retailers’ digital gift card programs in the U.S. Its retail network includes more than 250 brands such as QVC, Best Buy Canada, T.G.I. Friday’s, Aéropostale, Groupon, P.F. Chang’s, Lettuce Entertain You, Mandarin Oriental and more. Also, the company announced Alex Rampell, TrialPay co-founder and CEO, to its Board of Directors.

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Ceridian SVS Named 2012 Breakout Prepaid Company of the Year

Paybefore chose Ceridian Stored Value Solutions (SVS) as a 2012 Paybefore Awards winner in the “Breakout Company” of the Year category. Presented annually by Paybefore, SVS was selected by a panel of five industry experts who served as judges for this year’s competition, which”once again”included entries from around the world. SVS will be exhibiting at Prepaid Expo USA to promote its retail gift cards, branded prepaid and promotional cards, plus a robust consumer loyalty platform, and will vie for best-in-category distinction.

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