Postal Credit Union Launches Rewards Debit Card Promo

Postal Credit Union in Minnesota is giving away $1,000 a week in cash prizes through the end of 2011 for members who use their debit cards. During its $1,000 a Week Debit Card Giveaway, each time members use their PCU Cash & Check (Debit) Card for purchases beginning November 13 through December 31, 2011, they’ll earn a chance to win one of PCU’s weekly $1,000 random drawings. Members can earn 100 BONUS entries when they make 25 or more purchases a week using their PCU Cash & Check (Debit) Card.

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DocuSign Deploys Personal e-Signature

DocuSign eSignature launched its “DocuSign Ink” personal electronic signature. Allowing users to finish personal business faster by eliminating hassles and costs of printing, faxing, scanning, and overnighting signed documents, “DocuSign Ink” offers secure drag and drop legally binding signature and initials into documents, place text and check boxes to complete forms, and then return via email. DocuSign Ink is designed to work with Microsoft Office (like .doc, .ppt, and .xls,), Adobe PDF with form field recognition, all scanned and faxed documents, and all text and image files (like .tif, .jpg, .png, and .eps).

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Discover Unveils Tournament of Roses Parade Float Design

Discover Card unveiled its float design for the 2012 Tournament of Roses Parade to be held on Jan 2. As the 2011 Grand Marshal award-winner for excellence in creative concept and design, Discover hopes to wow audiences once again with a visually stunning float. In keeping with this year’s Rose Parade theme -“Just Imagine…”- Discover is working with Fiesta Parade Floats to design and construct a float entitled “The Dream Believers,” which celebrates the powerful belief that if you can dream it, you can achieve it. The float depicts children peacefully sleeping and dreaming about various professions they aspire to be when they grow up, including a teacher, artist, rock star, doctor, astronaut and firefighter.

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JCB Intl Launches Tie-up Gourmet Campaign

JCB International (JCBI) international operations subsidiary of global payment brand JCB announced the JCB Gourmet Campaign in cooperation with Mr. Chua Lam, a gourmet famed in Hong Kong and throughout Asia. JCB Gourmet Campaign will give JCB cardmembers special offers at approximately 40 restaurants in Hong Kong and Macau area recommended by Mr. Chua Lam. Hong Kong is well-known as a gourmet city, and is one of the core cities within Asia with 7 million residents and nearly 40 million visitors from overseas each year. JCBI expects to enhance JCB brand value not only targeting its cardmembers in Hong Kong, but to all JCB brand cardmembers through the gourmet campaign.

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TSYS Partners Bank Standard

Bank Standard has signed an agreement with TSYS to license its “Prime 4 card” and merchant management solution and will deploy the solution to support its expanding card portfolio of Visa and MasterCard credit, debit and prepaid cards, in addition to managing its merchant acquiring business. The locally incorporated bank selected TSYS as a partner in the region based on “PRIME 4’s” suitability as a cost-effective single platform solution for issuing and acquiring with strong product performance. With this, PRIME will provide the bank fraud and risk management and to increase speed to market.

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Fime qualifies GlobalPlatform UICC

Gemalto implemented “Fime” GlobalPlatform testing service provider to validate its UICC NFC 2.0 product. Allowing it to achieve GlobalPlatform qualification status, “FIME” has been entrusted by Gemalto to provide the expertise required to independently evaluate its product. Gemalto is the first smart card player to successfully align its product with the functional requirements outlined by GlobalPlatform to manage applications on UICC technology. GlobalPlatform, the international organisation which standardises the management of applications on secure chip technology, launched its compliance programme earlier this year.

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CHASE PAYMENTECH Provides RTC PREFERRED PROCESSING RATES

Retail Council of Canada (RCC) has renewed its exclusive agreement with Chase Paymentech as its provider of payment processing solutions to RCC’s membership of more than 45,000 store fronts. RCC members can access new preferred credit and debit card processing rates, emerging products and industry expertise from Chase Paymentech. Advantages to RCC members processing with Chase Paymentech offer exclusive Interac, VISA and MasterCard rates; consultation with a Chase Paymentech merchant services provider that understands unique retail-specific payment needs; and simplified payments with one provider and one statement for Visa, MasterCard and Interac transactions.

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Oberthur Solution Earns PCI DSS Certification

Oberthur Technologies’ “Smart Authentication 3-D Secure” solution, operated by Managed Services, has been granted PCI DSS certification. With this, Oberthur Technologies has successfully passed more than 200 points of control aiming at guarantying the secure processing, transmission and storage of cardholder data for its “Smart Authentication” solution. These include network security (firewall configuration and security system parameters), cardholder’s data protection (storage and transmission encryption) and vulnerability management (anti-virus, system and application security). Oberthur Technologies’ “Smart Authentication” solution provides financial institutions security level for the reduction of fraud in e-banking and e-shopping as well as enhancing end-user experience.

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Export Development Bank Implements Infosys

Export Development Bank of Egypt (EDBE) and Infosys announced the successful implementation of Finacle universal banking solution across EDBE’s operations. Infosys has implemented Finacle core banking, treasury and CRM solutions in over 20 branches across the country. The solution went live in just seven months and is at the core of EDBE’s retail growth strategy and its promise of enhancing customer experience across services. EDBE now operates its entire banking operations on Finacle to support a customer base that covers more than 70,000 accounts, about 70% of which are Egypt’s most important corporate customers. The bank now has a centralized system for all its branches and is empowered to create a differentiated customer experience through a unified customer view of its retail & corporate customers.

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Visa to Launch m-Prepaid Solution

Visa is now allowing access to secure financial services and electronic payments to consumers in developing countries for unbanked and under-banked consumers with a mobile prepaid account. The globally interoperable electronic payment account will be offered to MTN Mobile Money customers across its markets, first to customers in Nigeria and Uganda. This allows account holders to send funds to each other, send and receive international remittances, make purchases at merchants or online where Visa is accepted or withdraw funds at a Visa ATM.

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Revolving Consumer Debt Continues to Drop

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] 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 consecutive month of decline. This compares to the year ago figure of 805.6 and is consistent with trends over the past 2 and…

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AmEx Launches Prepaid Target Card

American Express introduced its “American Express for Target” reloadable prepaid card with no monthly or maintenance fees. Available at more than 1,000 U.S. Target stores, the Card provides user access to a consumer-friendly payment solution. Funds can be loaded at the register using multiple loading options with the ability to reload in-store, online or by phone. Additionally, the “American Express for Target Card” can be used at any U.S. merchants that accept American Express Cards. Costs include a $3 initial load fee and each subsequent in-store reload at participating Target stores and a $3 per ATM withdrawal with the first ATM withdrawal per month free, but no fees for monthly usage, balance inquiries, alerts or Card replacement. Also, online tools let users view real-time transaction history and monitor spending; receive email or text alerts about low funds; and disable/enable ATM access.

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