Transact Network & Ixaris issue Visa products

Transact Network European prepaid card issuer is partnering Ixaris to offer its services on the Visa network. Ixaris prepaid payment applications, which launched Visa Europe’s first virtual Visa programme in 2003, is now working directly with Transact Network to issue both virtual and plastic prepaid VISA cards for its leading EntroPay and Opn payment solutions. Transact Network has worked with Ixaris since 2009 to issue MasterCard products. This new deal signifies the Gibraltar-based company’s first large scale Visa implementation since announcing earlier this month its ability to offer services through Visa Europe.

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mopay Extends Carrier Billing Capabilities

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] mopay payment solutions for online merchants extended its broadband billing, providing to online merchants an alternative billing channel available on the mopay payments platform on which they can charge purchases directly to consumers’ Internet service provider accounts. Two of the top-five mopay customers already use mopay broadband billing in their payments…

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REVOSYS IMPLEMENTS IN-TAXIPAYMENT PROCESSING

Revosys announced the implementation of In-TaxiPayment Processing and Digital Video Recording for the upcoming ‘Interactive V5’ In-Taxi advertising system for the transportation and hospitality markets. The Revosys Interactive “V5” allows credit card and debit card processing for swift and effortless payments. The Revosys payment processing solution offers an all-in-one system so there is no need for an external pin pad or additional credit card terminals. The ‘Interactive V5’ provides a convenient way for taxi drivers and fleets to generate theirfull income potential. The Revosys “V5 Interactive” can process traditional Magnetic Stripe Cards (Triple DES Secure), Smart Cards (VISA, M/Chip-MasterCard, American Express, JCB) and Contactless payments as well as NFC (Near Field Communication) for Contactless Cards and Cell Phones equipped with Contactless Payment capability.

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BearingPoint Awards Gemalto Think Tank Initiative

Gemalto digital security has won the “BearingPoint” innovation management award (“Agile Innovation Award”) for its think tank initiative “BIG” (Business Innovation Garage). Offering Gemalto’s 10,000 employees company-wide with a structured process to submit and manage any innovative ideas they have, “BIG” encourages ideas covering wide-ranging fields of application. These are then systematically challenged, audited, developed and eventually selectively turned into incubation cells. The award specifically recognized “eGo,” which uses intra-body communication properties to convey digital credentials onto devices such as a person’s car, phone or door-lock.

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VeriFone Hits 1 Millionth Deployment Milestone

The millionth VeriFone payment acceptance system nationwide was installed by VeriFone International Partner (VIP) INPAS Company, in partnership with the West Siberian bank of Sberbank. VeriFone has been active in the Russian market in strategic partnership with INPAS since 1995 achieving close cooperation with the largest financial institutions of the country and growing market share.INPAS Company was founded in 1994 and today it is part of a large IT holding group – INLINE Technologies Group.

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Card Chargeoffs & Bankruptcies See Big Drop Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Credit card chargeoffs fell to 5.51% through the end of October, much lower than the 9.20% the year ago period, and are projected to finish the year 40% lower than in 2010. At 11.28% it is nearly double the long-term average of about 6% recorded since the inception of the Fitch…

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MasterCard and Microsoft Team on Cloud Service

MasterCard Worldwide and Microsoft partnered to deliver increased technology and payment services to small businesses. With this, MasterCard becomes a member of the partner program for “Office 365” cloud productivity service. Giving small businesses access to e-mail, documents, contacts and calendars from virtually anywhere on almost any device, “Office 365” is backed by robust security, reliability and control. MasterCard will provide a 10 percent savings to eligible small business cardholders when they purchase “Office 365” through the MasterCard Easy Savings Program. The MasterCard Easy Savings Program provides eligible small business cardholders with savings on some of the most popular services that help them run their businesses. For terms and conditions, go to easysavings.com.

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Fiserv Offers Sagework Products on Processing Platforms

Fiserv made available five products from Sageworks for financial institutions using its account processing platforms. This strategic partnership combines the strength of Fiserv as the U.S. market leader in account processing services and its expertise in lending, account origination and business analytics with Sageworks’ credit analysis and loan portfolio management solutions. The Sageworks suite collects and analyzes data, efficiently identifying and monitoring emerging loan portfolio risks and measuring and reporting the impact those risks represent. The products through Fiserv include Sageworks “Analyst” for credit analysis of commercial borrowers by performing a global cash flow analysis; “Surety” calculation module that calculates and summarizes loan reserves; “Certainty” for internal policies to risk rate each loan after a lending decision is made; “Clarity,” allowing financial institutions to stress-test entire portfolios and “Monitor” loan tracking module.

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The Bon-Ton Partners Alliance Data for PL Card

The Bon-Ton Stores forged a multi-year private label credit card program agreement with Alliance Data loyalty and marketing solutions. With this, Alliance Data will provide end-to-end proprietary credit card services from account acquisition to multi-channel marketing and customer service. Bon-Ton’s current proprietary credit card program will remain in place until the accounts portfolio conversion occurs, which is anticipated in the second quarter of fiscal 2012.

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Brighton Collectibles Deploy VeriFone Mobile POS

Brighton Collectibles partnered to implement “GlobalBay Mobile POS” (mPOS) from VeriFone. The “GlobalBay’s mPOS” is now deployed nationwide to speed sales of the Brighton Collectibles coordinated accessories at more than 150 company-owned locations. More than 300 iPod Touch systems equipped with credit card readers are being utilized to ensure sales associates are able to quickly engage and satisfy customer purchase needs, rather than asking them to wait in line at the cash register. Moreover, the “GlobalBay” Apps improve the interaction between store associates and the consumer while enhancing the overall in-store selling experience. Store associates are empowered to work with the customers as they are shopping throughout the store, reducing the risk that a shopper will grow frustrated by waiting in line and abandon the purchase process.

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InspirePay Consolidates Online Transactions

InspirePay launched the first universal payment platform that consolidates all online commercial transaction options into a single, streamlined, secure and customizable payments hub. By aggregating all Internet commerce choices – from credit cards to proprietary systems like PayPal, Google Checkout, Dwolla and AmazonPayments – InspirePay provides businesses and consumers with an easy-to-use, flexible and secure protocol to make and receive payments without the complexity of expensive, disconnected, closed systems that dominate the payments industry. Its customizable platform allows businesses to private-label their own payment experience or shopping cart for their customers.

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