Visa Re-validates Solution Compliance with PCI Standards

The Visa Global Registry of Service Providers has officially announced T2 Systems revalidation of compliance with the PCI DSS. In 2010, T2 Systems became the first Parking Access and Revenue Control (PARCS) provider to achieve PCI DSS compliance and be recognized as a level I service provider. T2 Systems anticipates continued compliance; Visa requires revalidation every 12 months. For a list of PCI DSS validated entities, visit www.visa.com/splisting.

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70% + Increase in Merchant Sales Driven by Holiday Coupons

In a follow-up to its Shoppers Trend Report (STR) released prior to Black Friday, RetailMeNot.com (www.retailmenot.com) issued updated information showing metrics that measure the online retail industry’s performance and consumer purchase behaviors during the start of the 2011 holiday shopping season. The top stores frequented by coupon seekers, only 8.5% offered books, movies and music In the STR, 44% of consumers surveyed said the category (books, movies and music) would be on their holiday shopping list See APPENDIX for a complete breakdown of the most popular product categories consumers visited from Thanksgiving through Cyber Monday.

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MoneyGram Launches Round-the-World Relay

To help spread some holiday magic to those in need, MoneyGram launched its “Spreading Holiday Magic” round-the-world relay to support the educational needs of some children across eight countries and four continents. The relay-style program will distribute more than $50,000 in much-needed money, school supplies and learning tools to 11 schools in eight countries. MoneyGram will oversee the program in Los Angeles; New York; Ghana; Haiti; Italy; Mexico; Philippines; Romania; and Russia. MoneyGram officials will visit the selected schools and present the new supplies and learning tools to the children.

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Payment Data Breaks Transaction Processing Records

Payment Data Systems electronic payments solutions provider set a transaction processing record for November 2011, with ACH (electronic check) processing volumes the highest in the history of the company. The month’s ACH transaction volumes were up 43% and ACH returned check transactions were up 40% compared to October of 2011. In the first two months of the current quarter, the Company also already processed 90% more ACH transactions and 72% more in returned check transactions than in the complete third quarter.

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EBA Clearing Shuts Down cross-border service

EBA Clearing closes down Step2 cross-border service as part of Sepa migration, its last day of operation being December 5th. This is part of the industry’s migration to the Single Euro Payments Area, which involves a phase-out of all non-SEPA-compliant payment services for retail transactions in euro. The volumes channelled through STEP2 XCT have mostly been migrated to the STEP2 SEPA Credit Transfer (SCT) Service over the past few months. From September to October 2011 alone, STEP2 SCT volumes grew by 19 percent. The XCT Service was launched in April 2003 as the first service on EBA CLEARING’s PE-ACH platform STEP2 and the first mass payment system for cross-border euro credit transfers in Europe. By processing payments governed by the Convention on Credit Transfers in Euro, STEP2 XCT provided banks across Europe with an efficient and very cost-effective ACH-type service for their cross-border retail transactions.

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PCI-PAL and SecureTrading Enhance Call Center Security

PCI-PAL contact center entered into a partnership with SecureTrading independent payment processor to allow call center agents to take card payments safely and securely. The solution de-scopes the call centre PCI risk by permitting callers to enter sensitive credit card data using their telephone keypad whilst remaining in conversation with the call centre agent at all times. The encrypted card holder data is sent securely to SecureTrading’s PCI-DSS Level 1 infrastructure. Both PCI-PAL and SecureTrading have large client bases which affords a mutually beneficial business relationship.

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Advent Completes Takeover of Oberthur Card Systems

Advent International private equity firm and the Francois-Charles Oberthur Fiduciaire Group acquired the Card Systems and Identity divisions of Oberthur for EUR1.15 billion. With this, Advent International now controls 90% of Oberthur Technologies’ capital while the founder of the Oberthur group and his family retain a 10% stake in the capital. Oberthur Technologies is specialised in digital security based on smart card technology. It is the world’s second largest provider of security and identification solutions and services, operating in the mobile and payment industries as well as government and corporate markets.

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Visa-Rwanda Partnership to Drive e-Financial Services

Visa and the Government of Rwanda partnered on a Charter of Collaboration to develop localized solutions to extend access to financial services to local and international consumers throughout the country. The partnership is a step in the Government of Rwanda’s Vision 2020 plan, the country’s blueprint to become a middle-income nation within the coming decade, with per capita income of $1000 by 2020, up from $220 in 2000. The success of that plan relies on a number of pillars, including shifting to a knowledge-based economy, private sector development and improving infrastructure. The company’s aim to generate 50% of its revenue from markets outside of the United States by 2015 will partly be enabled through its ability to build, buy and deploy new technologies that extend its products to geographies where electronic payments are limited today, such as Rwanda.

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MBNA Launches Mobile Solution

MBNA has launched a range of new services enabling UK customers to manage their money through their mobile phones and Smartphones. The new Smartphone and text services – including a new Mobile Card Services website and new text services allowing customers to make payments on their accounts or activate their cards – are aimed at supporting the rising number of UK customers accessing MBNA’s services and their accounts “on the go”.

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ExoIS and NetBenefit Forge PCI Compliance Partnership

NetBenefit managed hosting providers and ExoIS PCI compliant SaaS solutions developer partnered on PCI compliance services for Level 1 to Level 4 merchants through the “ExoIS PeepSafe” offering.The “PeepSafe” solution is fully managed and fully customisable, offering a secure portal environment for safe processing of cardholder data with options for encrypted email, fax, voice messages and online storage. It supports multiple existing environments, is scalable, affordable, easy to implement and is almost transparent to the agent or end-user and protects cardholder data wherever it is stored, processed or transmitted.

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