Card Payment Direct Commences $500 Rate Guarantee

Card Payment Direct is continuing its $500 Rate Guarantee Program through 2012 and into the future. This exciting and industry changing $500 Rate Guarantee Program simply promises a prospective merchant that if Card Payment Direct cannot lower their current rates, a check for $500 will be issued to them for simply allowing CPD to do a comparative statement analysis. This program truly creates a “win-win” situation for any merchant that takes part in it, either the prospective customer will be able to realize specific rate and fee categories where they are overpaying with their current processor or they will earn $500 and the peace of mind knowing that they have the lowest possible rates and fees.

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New Hampshire Legislation Weighs Capping Card Fees

The New Hampshire legislature is debating a bill that would limit credit and debit card fees to 1% for state-charted banks. Local merchants are charged fees of 0.65% to 4.76%, of which they are not informed until receiving their credit card statements. Federal law already limits interchange fees to 21 cents plus four basis points, but only for banks with $10 billion in assets. In New Hampshire this includes Bank of America, TD Bank, Citizens Bank and Sovereign Bank. This bill would ensure a federal cap for large national banks, a state cap for small state-chartered banks, and no cap at all for smaller federally chartered banks.

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Xignite Appoints New CFO

Stephen Van Horne has been appointed CFO with Xignite financial market data cloud provider. Van Horne is an experienced Silicon Valley veteran with more than 18 years of building and scaling finance, legal, HR, and operations organizations to support high growth companies. He is an expert at building and strengthening capital structures, establishing internal controls and policies, and many other aspects of the role. This after he was CFO of RockYou and worked for Yahoo! in corporate finance and as vice president of operations finance.

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Brightstar to Provide Cricket Device Protection Program

eSecuritel, a Brightstar company, announced that Cricket Communications, Inc. will offer for sale eSecuritel’s device protection program to its subscribers across 35 states, starting in the second quarter, 2012. Cricket wireless services chose the Brightstar subsidiary to provide device protection to its customers who pay in advance as well as those who purchase a prepaid block of days or minutes, under its Cricket PAYGo program. With the Brightstar and eSecuritel solution, Cricket representatives will have access to real-time customer information through eSecuritel’s Handset Issue Tracking System (HITS™) to service device protection customers, as well as monitor the program’s performance.

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PayU Partners, Expands Online Payment

PayU Payment Solutions online payment service provider now lets online businesses accept Ukash as an additional cash-based online payment method. The PayU “SafeShop” payment processing product developed and shaped e-commerce in South Africa for the past decade, now enables online businesses to securely accept and process 11 different payment methods, including Ukash. Online merchants can enable Ukash payments on their Web sites by requesting PayU to enable the capability for their shopping basket.

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ProProcure SABMiller’s Global Brands POS Partner

ProProcure Marketing Spend Management Company formed a partnership with SABMiller Brewing to act as their Global Brands PoS partner. With this, ProProcure will provide a complete spend management solution which includes supply chain management and will work alongside the SABMiller Global Brand teams to identify, develop, market and then distribute the core ranges of PoS marketing collateral for SABMiller Global Brands. All PoS materials are made available to the SABMiller teams through an e-procurement web-shop designed, built and hosted by ProProcure on their Software as a Service (SaaS) platform.

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Ingenico moves Headquarters Within Paris

Ingenico payment solutions moved its headquarters in Paris to the 75015 section to accommodate recent growth and new employees. The 10.000 square meters independent building is just a few steps from the Eiffel Tower and allows gathering in a single location the Ingenico teams. Modern, environmentally friendly, designed to facilitate exchanges and communication, the new premises will enable Ingenico to benefit, at a lower cost, from a renewed work environment, with a stronger visibility in line with its overall image and its growth ambition.

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RWN Technology Launches mPOS

RWN Technology launched its POS payment terminal as a mobile terminal, letting users pay any time, any where, any how. This is especially valuable for restaurants, take away services, couriers, hotels, bars and out door activity. The terminal allows mobile and effective payment processing that allows retailers and merchants to accept credit, debit and loyalty card payments for goods and service. But now the retailer can go to the customer with a mobile EFTPOS payment terminal.

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Impark Implements Visa payWave/Visa Debit

Visa Canada and Imperial Parking Canada Corporation (Impark) announced they are partnering to bring Visa payWave contactless payments to 72 of its attended parking facilities across Canada. As of January 2012, drivers at participating parking lots will be able to simply “wave and go”, when purchasing parking at a payWave enabled Impark parking lot. Canadian Impark customers managing their accounts online, now have the option to pay their fees and balances using Visa Debit, which lets users pay for items directly from their bank account when transacting online, via telephone or by mail order.

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Gulf Bank Meets PCI Global Security Standards

Gulf Bank successfully achieved PCI-DSS compliance, following an extensive audit of of operations and processes by SISA Information Security. Having cleared six distinct security pillars in order to achieve PCI – DSS compliance, including building and maintaining a secure network, protecting cardholder data, maintaining a vulnerability management program, implementing strong security measures, assessing networks frequently, and maintaining an information security policy, Gulf Bank can now avoid security breaches and theft of card payment data. This reinforces its commitment to internationally recognized security standards that enhance the protection of customers’ payment card information.

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Technologies to Rapidly Change FX Industry

Digital wallet technology, smartphones and tablet computers, and the rise of video-based Internet content are changing the landscape of currency exchange. These technologies are changing consumer behaviour beyond recognition, and companies within the payments and currency exchange sector who do not adapt to these changes risk being left behind. These technologies, according to Currencies Direct, do away with the need for cash and physical credit and debit cards, replacing them with a cloud-based authentication system for convenient and efficient payments. Also tablet computers, such as the ubiquitous iPad, and the emergence of 4G mobile Internet and Wi-Fi clouds opens up a whole new market for electronic payment and currency exchange platforms.

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OTI Inks $6.9mm Immigration Control Contract

On Track Innovations announced that the Ministry of Public Security of Panama has awarded OTI with a contract for the supply, design, installation and integration of systems to monitor and improve immigration verification processes and overall immigration flow. OTI expects to recognize revenues of approximately $6.9 million, with the potential for additional revenue in future years from follow-on contracts. The contract provides for the supply of OTI’s end-to-end turnkey immigration solution, based on its proprietary state-of-the-art, field-proven eID Magna platform.

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