Gate2Shop Ecommerce Platform Deploys with Tanki Online

Tanki Online Multiplayer Online Action Game has implemented the Gate2Shopglobal ecommerce platform to handle online payments. Tanki Online required a secure e-commerce solution for global payment coverage – with the ability to expand payment options in future. With over 80 payment options in more than 160 countries, Gate2Shop’s global ecommerce platform allows the developers at Tanki Online plenty of scope to grow. Gate2Shop is a provider of e-commerce solutions designed for the software, games and digital service industries and gives vendors a complete e-commerce platform to market and sell their products online, including Risk Management, Affiliation, Fraud Prevention and Payment Processing.

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Sberbank of Russia Implements OptiCash ATM Software

Sberbank of Russia has purchased an institutional license for installation of the OptiCash/OptiNet software developed by Transoft International Inc. The software is designed to optimize cash management processes for the bank’s branches and ATMs. The solution was initially implemented in the Moscow network of Sberbank branches and ATMs, where OptiCash/OptiNet proved to be highly effective resulting in the bank improved cash availability in cashpoints while reducing operational and funding costs. Sberbank purchased an institutional license to replicate OptiCash/OptiNet across all Sberbank cashpoints in the Russian Federation and centralized all cash flow management processes within the institution.

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Transfer Summit Met With Success

There is likely to be more consolidation in the remittances market as it becomes increasingly difficult for small and medium sized operators to maintain profitability given the current trends in the business. In a wide-ranging agenda there was a consistent message. Among the key themes that were explored were the adoption of the 5×5 pricing target by the G20, the forthcoming regulatory review of the Payment Services Directive in Europe, the trend for consolidation by remittance companies, the vital role of social media in maintaining and building customer bases, the application of newer technologies to the industry and the increasingly collaborative business models that are being adopted.

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CDCU Launches Remittance Corridor with Fed

Remittances of cash between Mexicans living in the United States and their families back home in Mexico totaled $22.6 billion in 2010. But many Latin American remittance senders living in the United States do not have a bank account, with 35 percent of Ecuadorians, 64 percent of Salvadorans and 75 percent of Mexican immigrants being unbanked. In response, the Federal Reserve Bank and the Mexican Consulate have been partnering with U.S. based financial institutions to lower the cost of sending remittances to Mexico, provide safe and affordable financial services increase the speed and safety of transactions, and reduce the number of unbanked in the U.S. and Mexico by encouraging them to work with regulated financial institution on both sides of the border.

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Consumer Debt & Bankruptcies Free-fall in Tandem

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] October U.S. consumer bankruptcy filings totaled 106,255 nationwide, down 19.6% from the 132,173 total consumer filings recorded in the year ago period. Meanwhile, of the total $2.45 trillion in outstanding US consumer debt, total outstanding revolving credit dropped in September from $790.2 billion in August to $789.6 billion for a second…

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Bluepoint Solutions Adds to ImagePoint Suite

Bluepoint Solutions remote deposit capture, item processing and enterprise content management solutions introduced its “ImagePoint Mailroom” solution. The “ImagePoint Mailroom” lets financial institutions capture and electronically process deposits and remittances, including credit card, mortgage, auto and other loan payments, received in the mailroom. The SaaS-based, automated processing tool is designed to scan, sort, apply and split remittances and deposits, validate the data, then export it for clearing, posting and archiving. The web-based application operates in a secure cloud environment with no local software to install or maintain, allowing institutions to quickly deploy the solution with minimal up-front investment.

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eBay and PayPal Project Spike in mShopping on Thanksgiving

eBay and PayPal online and mobile payments are projecting after dinner on Thanksgiving Day as the first mobile shopping spike this holiday season. Using mobile devices and tablets to browse and buy on their own terms on Thanksgiving Day, consumers can take advantage of the eBay “Deal Blast” at 7:00PM ET. Also, “Watch with eBay” is being added to the eBay iPad app that enables users to shop an incredible selection of items on the marketplace related to what they are watching, which will continue to evolve, as eBay incorporates technologies to make shopping alongside TV viewing even easier.

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Shopkick Rewards Visa Cardholders

Visa and shopkick mobile app that rewards consumers for walking into stores, announced cardholders can now qualify for valuable rewards just for paying with Visa. Shopkick now lets mobile users earn more redeemable “kicks” by choosing to link their eligible Visa debit or credit card into its new Buy & Collect program and then making qualifying purchases at participating shopkick merchants with the linked card. Shopkick users have the option to earn more rewards while shopping in their favorite stores and merchants can increase sales and better measure the effectiveness of their location-based marketing efforts. The relationship with shopkick’s Buy & Collect program aligns with Visa’s ongoing commitment to deliver greater value to financial institutions and merchants, while enhancing the consumer shopping experience.

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Acuity launches PCI DSS compliance tool

Acuity has made available its free management application, allowing businesses to measure, monitor and report on their compliance to PCI-DSS v2.0 payment card data security standards. The governance, risk and compliance (GRC) specialist launched the compliance software to monitor progress against the six milestones in the PCI-DSS Prioritized Approach and will identify, assess, manage and report on risks to cardholder data. It will also track residual risk status in relation to performance of PCI controls and key metrics and provide visibility of information for auditors. The Acuity PCI DSS tool ultimately reduces the time it takes to gather, collate and report on compliance; while also improving governance and reducing the cost of external audits and due diligence by always having up-to-date status information.

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