GREENPATH Releases Holiday Shopping Guidance

The National Retail Federation (NRF) released its 2011 Black Friday shopping survey results, wherein 226 million shoppers visited stores and websites over the shopping weekend, up from 212 million last year, with total spending reaching an estimated $52.4 billion. GreenPath reminds shoppers to consider to PLAN and think before using credit; stick to a shopping list; and to remember we can’t have everything we want.

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Golomt Bank Deploys BPC for ATM Network

BPC Banking Technologies Open System e-payment solutions for the global financial industry won a contract to supply a new ATM network management solution with Golomt Bank. With the highest number of card merchants and the widest card acceptance in the payments card sector, the Bank has a 60% market share of card transactions. Golomt Bank tapped BPC’s “SmartATM” solution to manage its ATM network across the country. The Bank has achieved its leadership position by setting new standards in the local financial services industry, using new technologies and pioneering innovative, cost effective ways of expanding business and creating new products to benefit customers. The new solution will allow Golomt Bank to significantly improve its ability to service and monitor its terminal networks.

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FleetCor Acquires Fuel Card Company for $304mm

FleetCor Technologies fuel cards and specialized payment products acquired AllStar Business Solutions Limited (“AllStar”) from The Arval Group (“Arval”) for £194 million (approximately $304 million). AllStar’s fuel cards permit fleet operators to provide their company drivers with a payment card to fuel their vehicles securely without having the need to pay with cash or personal credit cards. AllStar has approximately 40 thousand customers and about one million cardholders, serving business clients directly and strategic partners like Arval leasing who in turn serve their customers.

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MediaMath Transactions Through the Roof

MediaMath announced the number of transactions it handles in the Asia Pacific region has increased to more than six billion impressions a day, having expanded its footprint worldwide to more than 20 billion daily impressions. MediaMath’s business received a boost with the recent opening of its data center in Hong Kong. The company processes impressions at more than 350 queries per second. MediaMath now operates a total of six data centers worldwide in North Bergen, N.J.; Chicago; Palo Alto, Calif.; Zurich; Paris; and Hong Kong. In conjunction, MediaMath is also partnering with Tokyo-based CyberAgent, offering their TerminalOne online media buying platform to their clients to optimize the effectiveness and cost of their digital branding and direct response campaigns.

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Visa certifies Entersect Card Authentication

Visa has certified Entersect’s second factor transaction authentication solution, allowing issuers to authenticate online card purchases. The Entersect software prevents both “Man in the Middle” fraudster attacks on online banking and effectively prevents fraudulent credit card transactions, using the user’s mobile phone as a 2nd factor to authenticate the transaction. Once a card purchase is sent through to the bank, the message containing the transaction details are relayed instantly to the customer’s mobile device. The customer can then choose to either “Accept”, or “Reject” the purchase.

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Consumers To Spend GBP47B on Xmas 2011

Figures from Barclays predict GBP46.9 billion will be spent during December, GBP17,540 per second for a 4% increase from December 2010. Consumers will hit the high street and use their debit cards for the bulk of their shopping, with a record £28.6 billion expected to be spent on cards during December. Supermarket tills will be ringing the most with them likely to pocket GBP6 billion and GBP1.5 billion is predicted to be spent at petrol stations and GBP849 million at department stores. Meanwhile, GBP18.3 billion is expected to be withdrawn from the UK’s ATMs and banks throughout December.

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National Average Card APRs Avoid Breaking 15%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] At the start of the recession average credit card APRs hovered around 16% before dropping to a rock bottom 12.64% back in 2010, encouraging a much-needed boost in borrowing. But throughout 2011, rates have consistently increased since the June average of 14.83% and now sit at 14.98%, down .01% from November,…

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American Express Launches Payment SDKs

American Express became the first payment network to fully enable global processing services with Payment Software Development Kits (SDKs), which offer Authorization and Submission solutions for vendors and merchants across the globe looking to process transactions directly with American Express. Payment SDKs represent the next generation of digital development tools that will enable connectivity to the American Express payment ecosystem for merchants, third-party processors, gateways and point-of-sale manufacturers. The American Express Payment SDKs include developer guides; sample code; integration code; and sample apps.

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Wright Express PMO Standardizes With Daptiv

Wright Express value-based payment processing and information management solutions implemented Daptiv portfolio management software and its “Project Portfolio Management” (PPM) solution. This will manage projects and resources for the company’s project management office (PMO) for Wright Express, allowing better visibility on projects. Wright Express payment processing PMO oversees a variety of projects spanning from product and application development to logistics and operations. This partnership ultimately provides Wright Express a unified method for tracking resources, budgets and time allotted to certain projects and implement processes that provide discipline in how hours are tracked, improve accuracy in reporting, and gain greater visibility into the PMO’s data.

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Gemalto to Deploy Isis m-Payment and NFC

Gemalto digital security was selected by Isis to secure its mobile commerce platform through Gemalto’s Allynis Trusted Service Manager (TSM) solution. Isis, the mobile commerce joint venture between AT&T Mobility, T-Mobile USA and Verizon Wireless, will provide consumers and merchants with an open and secure mobile commerce platform that will revolutionize how consumers shop, pay and save. Isis will give consumers speed, security and convenience of mobile contactless payment using NFC technology at retail outlets such as restaurants, movie theaters and drug stores. Consumers will be able to securely pay, present loyalty cards, and redeem coupons all with a tap of their phones.

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TGate Provides Links Casio-PAX Alliance

TGate Payments announced its “PathwayLINK” universal payments platform will support the new business alliance between Casio America and PAX Technology. This pairs Casio’s “QT-6100” and “QT-6600” flash ROM touch terminals and the mid-range electronic cash register machines, “TE-2200” and “TE-2400,” with the PAX Secure “SP30” PIN Pad. PAX’s SP30 PIN Pad offers a magnetic card reader, an IP port for high-speed processing and a dial backup port to eliminate any internet connection problems. The SP30 PIN also features a large 128×64 pixel LCD with four lines of display and three function keys to facilitate user-friendly payment options.

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TNS & Open Solutions Ink Multi-Year Payment Services Agreement

Open Solutions partnered Transaction Network Services to support payment transaction processing solutions. This will support Open Solutions’ growing ATM and payment processing business. TNS currently supports the communication needs of over 100,000 ATMs around the globe through the highly secure and resilient TNS Secure Payment Network. This unique PCI certified network has been designed to improve security and deliver critical payment transaction information between merchants, banks, payment processors and other payment institutions. TNS is a global provider of payment gateway and payment network connectivity solutions, connecting merchants and retailers to the world’s leading banks, acquirers and processors to enable secure, efficient and cost-effective delivery and processing of payments.

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