Chase and Groupon Help Teachers With School Supplies

Chase, DonorsChoose.org and Groupon’s philanthropic “G-Team” arm announced their one-week-only giving opportunity to help purchase essential classroom supplies for science, technology, engineering and mathematics (STEM) education-related projects. Continuing its support of education initiatives that enhance STEM curricula, Chase will give an additional $40 for every $10 donation made to DonorsChoose.org through G-Team at http://www.groupon.com/deals/gx-gt-donorschooseorg. Chase has teamed up with DonorsChoose.org to offer a “G-Team” campaign within the Grouponicus Holiday Shop, Groupon’s expertly curated collection of hand-picked deals perfect for gifting to ease financial burden on teachers.

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Smart Posters and Mobile Marketing Tap $300mm NFC Tag Market

Smart posters and mobile marketing are the greatest opportunity for service providers and manufacturers of NFC tags; they account for over half of shipments to date and are expected to be the fastest growing segment, accounting for 70% of shipments in 2016. Companies, including Avery Dennison, Identive, and UPM Raflatac have all released products targeting the growing interest for the non-payment services that NFC enables. In total, this market is expected to be worth $298 million over the next five years.

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VeriFone Releases FY/11 and FY12 Projections

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] VeriFone Systems secure electronic payment has conducted preliminary financial results for the full year and three months ended October 31, 2011 and guidance on the next fiscal quarter and year. This shows a FY/11 revenue of between $414 million to $416 million while adjusted EBITDA is estimated to be in the…

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Online Payments Shift to Credit Cards, Less Debit Cards

There has been a 16% increase in the U.S. online market as retail e-commerce sales continue to rise to $309 billion in 2011 and are further forecast to climb to an estimated $444 billion by 2016. Also, from 2011 to 2016, the total payments volume (TPV) for the online use of credit cards by U.S. consumers will climb 63%, while the TPV for debit cards is expected to rise just 2% during that same period. This, according to Javelin Strategy & Research, concludes credit cards typically generate higher consumer spending and greater revenue for merchants, but frenzied purchasing periods such as Cyber Monday can cause consumers to throw cautionary spending patterns to the wind and take advantage of the “deal” phenomenon. Javelin’s study shows that consumers spend more money on a single online transaction using credit cards than when using other payment options, spending an average $82.10 with a major credit card versus $58.29 using a major debit card.

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PayPal mPayments Up Over 500% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Offering a barometer on the sharp increase in retail purchases over the holiday weekend, Paypal posted a 511% rise in global mobile payment volume compared to Thanksgiving 2010. Moreover, the number of consumers around the world shopping via PayPal increased three-fold (350%) from last year. [/ihc-hide-content]

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Heartland Payment Certifies Gilbarco Passport

Gilbarco Veeder-Root has certified Heartland Payment Systems’ ” SmartLink Managed ProPlatinum,” “ProPlus” and “Pro” managed network services as a certified solution on the Gilbarco Passport POS system. As a certified partner of network services on Gilbarco’s Passport POS system, SmartLink provides secure network connectivity that operates efficiently and effectively to deliver payment transactions on Gilbarco equipment in a PCI compliant environment. SmartLink is a secure, managed network service that effectively supports secure transaction data and back-office systems, allowing petroleum and c-store operators to spend less time managing their networks and more time caring for customers.

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Structured Earns PCI Security Standards Council Certification

Structured information technology and systems integrator of secure and scalable IT solutions and services completed PCI Standards Council certification process to provide qualified security assessor (QSA) services to merchants, banks and service providers in the North American market. The data security auditing and PCI readiness services now offers PCI readiness to final on-site data security assessment to guide businesses through the complicated process of achieving PCI Data Security Standard (DSS) compliance.

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Virtual Piggy Awarded PCI Certified

Virtual Piggy has received Level 1 PCI DSS certification to provide an ecommerce system that allows merchants to interact and transact with the youth market. To achieve PCI certification, Virtual Piggy underwent a comprehensive third party assessment of its policies, procedures and technical systems by Coalfire Systems, a Qualified Security Assessor (QSA) company, as certified by the Payment Card Industry Security Standards Council.

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ICFE Intros Credit/Debit Card Sleeves with Anti-RFID Technology

Protecting personal information on credit/debit cards can be done with the ICFE’s new anti-RFID Credit/Debit Card Sleeves. The anti-RFID technology protects from hand held RFID scanners, which scan the unprotected cards of unsuspecting consumers. The specially laminated credit/debit card sleeves are designed to keep personal information safe from prying electronic eavesdroppers. Electronic pick pockets will be out in force during the Christmas shopping season, especially at the malls.

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TransPerfect Website Localization PCI Certified

TransPerfect “GlobalLink OneLink” language services has been PCI DSS certified. The solution for website localization will now meet all appropriate guidelines for handling sensitive client data related to online credit card transactions are followed, minimizing risks associated with transacting business over multilingual e-commerce sites around the world. Clients who choose OneLink for their site localization needs will now enjoy the added peace of mind that PCI certification offers. This extends to end users and consumers who entrust their confidential information, including credit card data and personal details, to these websites.

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GlobeOp Enhances Loan Service

GlobeOp Financial Services has enhanced its GoLoans service to offer bank loan portfolio managers online access to a single, integrated source of lifecycle events data. GoLoans offers highly automated lifecycle management support for a wide range of instruments, including revolvers, term loans, delayed draws, multi-currency and payment-in-kind (PIK). Position accuracy and independent portfolio valuations are determined by directly accessing and comparing multiple external data sources. A dedicated team of experienced bank loan specialists advocates on behalf of clients directly with agent banks and counterparties.

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