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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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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Macy’s Partners Earthworks, Recycles Gift Cards

Earthworks System recycled PVC sheets for the plastic card industry and plastic card recycling programs partnered Macy to provide a recyclable gift card program. Macy’s will be the first major department store to offer a recyclable gift card program, which partnered Earthworks System to keep millions of gift cards out of landfills. The Earthworks System Recyclable identifier will be imprinted on Macy’s gift cards to indicate it is made of Earthworks System approved recyclable material. Macy’s department store locations will collect spent gift cards for their return to Earthworks System where they will be reprocessed into printable sheet and re-sold to printers to make new cards.

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FIS Completes Amendment of Credit Agreement

FIS, the world’s largest provider of banking and payments technology, announced the completion of the amendment of its existing credit agreement and that, separately, it has closed its private offering of an additional $150 million aggregate principal amount of 7.625% senior unsecured notes due July 15, 2017 (the “2017 Notes”). The amended credit facility includes $2.15 billion of Term Loan A maturing July 2014, $1.0 billion of revolving loan capacity maturing July 2014 and $1.25 billion of Term Loan B maturing July 2016. The amended facility provides FIS with $400.0 million of additional Term Loan A maturing July 2014 and $78.5 million of additional revolving loan capacity maturing July 2014. FIS also has arranged further commitments for an additional $50 million in revolving loan capacity maturing July 2014 under its credit facility, which commitments FIS expects will be put in place in January 2012.

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Retailers Follow LogLogic Online Shopping Precaution

LogLogic scalable log and security intelligence platform (LSIP) for the enterprise and cloud, has alerted retailers to the significance of all 12 requirements of the PCI DSS standard, version 2.0, in protecting the credit card data of their online shoppers. Although data logging is either mentioned or implied in the 12 requirements, requirement 10 requires retailers to log all activity on their network in order to protect customer credit card information. The Body Shop, Plantronics, LAVEGO AG, The Lowry, and Republic Airways are among a growing list of companies using LogLogic log management solutions to provide customers with fast, reliable logging and archiving solutions for improved compliance, operational efficiency, forensics, and security.

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