Monext International Acquiring PCI DSS Certified

Monext international acquiring platform has been PCI DSS certified, confirmed by XMCO. Monext thus becomes the first and only French company to have its international acquiring platform PCI DSS certified. Monext, a key player in electronic payment in France and within Europe, offers a global solution for the acquiring of international bank flows. This platform allows them to manage cross-border payment transactions made using VISA or MasterCard cards. The platform covers authorisation, remote data collection, monitoring, calculating merchants’ fees, accounting interface, and remittance of funds through the banking partner. It also offers multi-currency reporting services, multilingual call centres and European-wide dispute management.

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UAE Exchange Extends Reach of Remittance

UAE Exchange global remittance and foreign exchange and Bank of Kathmandu has introduced its “FLASH” initiative to Nepal market. The “FLASH” solution allows the beneficiary to receive money in their account securely within seconds. The moment the amount is credited to the beneficiary’s account, an SMS notification is instantly sent to the mobile phones of both the sender and the receiver, thus reducing on the follow up costs.

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Mobey Forum presents mobile wallet paper

Simply providing consumers with the convenience and functionality of mobile wallet technology will not be sufficient to drive mass-market adoption, asserts Mobey Forum in a new white paper announced. Entitled ‘Mobile Wallet – Definition and Vision’, the paper offers a new perspective on what will drive consumer take up and highlights how industry stakeholders need to work together to extend the user experience beyond that of a conventional wallet by providing ‘rich content’ that offers unique opportunities for users. The paper from Mobey Forum also aims to bring clarity to the sector by identifying market drivers and offering definitions for ambiguous terminology.

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Conference Economic Index Up Whole Point

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Leading Economic Index (LEI) for the U.S. was up 0.9% in October and now sits at 117.4 (2004 = 100). This is the 6th consecutive month the Conference Board reported the Index increased and follows a 0.1% increase in September and a 0.3% increase in August, which stood…

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Chase and British Airways Announce EMV Chip-with-Signature Technology

EMV chip-with-signature technology is now available on the British Airways Visa Card from Chase. Now the British Airways Visa Card has EMV chip-with-signature technology that features a microchip as well as a traditional magnetic strip to accommodate merchants in the United States. The British Airways Visa Card does not charge foreign transaction fees, delivering up to three percent savings on international purchases, allowing cardmembers to earn 2.5 Avios (British Airways Executive Club currency) for every $1 spent on British Airways purchases. The announcement also marks the third credit card in the Chase portfolio and the first airline co-brand card to offer EMV chip-with-signature technology.

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On-Line Strategies to Support Contactless EMV Technology

On-Line Strategies payment processing software is set to deploy its EMV technology in early 2012. OLS is planning to adopt support for EMV technology, which it expected to be in full swing over the next several months as merchants upgrade their payment infrastructures to support chip-enabled payments through smart chip cards and mobile payment devices. EMV technology is capable of improving payment security since it offers dual authentication in the form of card and terminal validation.

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BancTec Expands Remittance Processing Offering

BancTec business process outsourcing (BPO) for financial transaction automation and document management expanded its Center of Excellence in Dallas to accommodate growth of its BPO segment. The Dallas center that has provided accounts payable processing and document management services will now add remittance processing to its offerings. BancTec’s four major remittance processing centers are located in Dallas, Chicago, Charlotte and Phoenix, with three additional satellite facilities in Columbus, Ga., Philadelphia, and the New York metropolitan area.

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GETI and IVR Add ACH to Pay-by-Phone Terminal

Global eTelecom (GETI) electronic check processor and gift/loyalty card provider partnered IVR Technology Group customized Interactive Voice Response and SMS text messaging services. This will refine functionality of ITG’s IVR Pay-by-Phone virtual terminal. GETI resellers and end user customers can turn any telephone into their own virtual ACH payment processing terminal by utilizing GETI’s transaction processing technology. The IVR Pay-by-Phone gateway combines this ACH capability with credit card processing to offer a complete payment solution. The system does not store credit card data over the VoIP network.

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PowerCard Loyalty Cards Goes Mobile

PowerCard loyalty card processor launched a mobile version of its customer loyalty program. Allowing merchants to increase consumer profitability and overall growth, PowerCard can add a mobile component. PowerCard card-free mobile services allows merchants to run, administer and maximize mobile marketing campaigns. The addition of a virtual platform reduces overall costs, improves response time and provides consumers with the enhanced and instant convenience demanded in today’s marketplace. A customer can register for the loyalty program using their cellular phone’s texting service; smart phone users can also scan a unique QR code or visit a website to register.

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POSLavu Wireless POS Software Called Up

Restaurants and other types of businesses can go wireless using POSLavu. POSLavu is an iPad, iPod, iPhone, iOS software application that transforms all these devices into a powerful wireless POS system. POSLavu is used by quick serve pizza shops, coffee shops, and Cafe’s. It can also be used by a restaurant chain or a 400 seat restaurant doing $1,000,000 a month in sales volume. Servers can use iPads as set terminals or use iPads/iPods to take orders at tables, sending orders immediately to an iPad display monitor or printers in the kitchen.

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eCashExperts.com Launches PCI Compliance Program

eCashExperts.com payment technology provider for both merchants and merchant service providers now offers new eC PCI Compliance program which can not only reduce the overall expense of becoming PCI-DSS compliant, but also includes up to $50,000 in eC PCI Breach Coverage insurance. The eC PCI Breach Coverage will pay up to $50,000 for fines and other monetary assessments levied by card associations or regulators; costs of a security assessment and/or forensic audit; bank card replacements and related costs; services to help mitigate financial losses to customers impacted by the incident; and customer identity recovery services and credit monitoring.

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