Discover Increases Cardmember Rewards

Discover is starting its gift-giving early this year as the company recently announced a new program with Amazon.com that offers cardmembers Double (2%) Cashback Bonus on up to $250 in purchases each billing period through the end of 2011 at Amazon.com. Discover cardmembers can also pay with Cashback Bonus directly at check-out when they link their card to their Amazon account. This new option allows cardmembers to use their rewards – in a dollar-for-dollar exchange – to get millions of items, when they want them, without having to leave the Amazon site. This season, new redemption processes allows virtual game lovers will have the opportunity to redeem Cashback Bonus for digital game currency through Electronic Arts and Nexon eCertificates. This new offering allows gamers to play popular online games, including The Sims Social, Pet Society and MapleStory. These games join the 150 other redemption partners Discover currently offers as part of its Cashback Bonus program.

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Walmart Launches m-Apps for Better Shopping

Walmart launched a new app for the iPhone and iPad to give users tools to plan weekly shopping both in-store and online. The new apps offer enhanced, seamless shopping experience across Walmart’s 3,800 U.S. stores and Walmart.com through mobile devices. The two free applications are the first of several mobile products to be rolled out from the recently formed @WalmartLabs group under Walmart’s Global eCommerce unit. Walmart’s new app features touch-optimized shopping, the “Browse My Store” options, letting users Select any local Walmart store to see product availability and detailed information specific to that store and extended inventory for access to merchandise in addition to viewing local store inventory.

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People’s United Bank Implements FIS m-banking

FIS banking and payments technology announced that People’s United Bank has selected FIS’ Mobile Financial Services platform. People’s United Bank will deploy the solution in support of a new mobile banking channel it plans to add to its current delivery channels for retail customers. FIS Mobile Financial Services provides financial institutions industry-leading functionality with exceptional integration capabilities. As a consumer-focused solution, FIS’ mobile solution allows bank customers and credit union members to perform transactions quickly and easily from their mobile devices via text, mobile Web and downloadable applications for smartphones.

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Delego and YESpay Offer Multi-channel EMV Payment

Delego Software integrated its system with YESpay’s “EMBOSS” multi-channel EMV Chip and PIN accredited and PCI-DSS certified managed payment service. Delego Software Inc. is a Global Leader in providing SAP users with an interface that manages SAP Credit Card and SAP Electronic Payment Card requirements. Delego decided to partner with YESpay as a result of its card acquirer pre-accredited approved and PCI DSS (level 1) certified payment service. Delego was able to mitigate a significant amount of time and cost that would have been associated with a direct bank certification with its merchant processors. Delego merchants can now securely process transactions with their selected card processor such as First Data Merchant Services (FDMS) and Chase Paymentech through YESpay’s EMV pre-accredited and PCI-DSS certified EMBOSS payment solution.

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Clear2Pay launches m-Payment App Testing

Clear2Pay next generation payment solutions for financial institutions launched its MPA “Test Tool” automated test solution. Allowing mobile application vendors and mobile issuers to test whether mobile payment applications comply to ruling standards and thus launch trusted and interoperable applications in a fast and secure way. Mobile payment applications allow consumers to perform retail purchases by using their mobile devices just like a contactless payment card: by simply waving it across an existing contactless payment acceptance device. This lets mobile application vendors and mobile issuers are offered a complete, packaged solution that allows running a set of pre-defined scenarios to verify mobile application user interfaces and the over-the-air communications with mobile gateways.

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TNS Launches GPRS mPOS Access Solution

Transaction Network Services launched a one-stop solution for mobile POS terminals on its “Secure Payments Network” for links to hundreds of acquirers and processers around the globe. This ensures connectivity to the TNS “Secure Payments Network” on a single global roaming SIM. TNS provides the SIM in a pre-activated state for instant operation when the SIM is needed by merchants. The process is simplified since automated billing only begins after usage of the service actually starts. The TNS “SIM Management Portal” provides partners flexibility and control to ease provisioning and lower the total cost of ownership of SIM estates and can be used to provision SIM cards, view and amend SIM status, examine connection history and perform diagnostics, all in real-time.

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Advanced Payment Solutions Best Program Manager

Advanced Payment Solutions Limited has won the ‘Best Prepaid Programme Manager, 2011′ at the 2011 Prepaid Awards. This was awarded based on how it demonstrated how the program manager added real value to the prepaid industry. The Company achieved this by focussing its expertise on understanding the relevant UK consumer for its products, and building innovative and often unique offers and services to help improve the way that they manage their money and payments. It’s not just APS and the judges who see the value of the services offered. Over 50% of APS’ customers, representing tens of thousands of UK adults, have added at least one of these valuable extras. And those that do, tend to keep their Cashplus Account open for significantly longer than the prepaid card industry average, more than twice as long in fact. APS ultimately extended awareness of prepaid cards to both consumers and business users.

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BANKRUPTCIES LEVELS CONTINUE DESCENT, DOWN 20% Y/Y

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. This, according to the American Bankruptcy Institute (ABI), shows consumer filings also represented a 2% decrease from the 108,517 filings in September. Meanwhile, Chapter 13 filings were up slightly from the year ago…

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JPMorgan Chase Elects Board Member

James A. Bell has been elected to the Chase Board of Directors. Mr. Bell is Corporate President, Chief Financial Officer, and Executive Vice President of The Boeing Company, the world’s largest aerospace company and has also been appointed to the Audit Committee of JPMorgan Chase’s Board. Bell oversees two key Boeing businesses, Boeing Capital Corporation, the company’s customer-financing subsidiary, and Boeing Shared Services, an 8,000-person multi-billion-dollar business unit that provides common internal services across Boeing’s global enterprise.

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Datacard Group Announces Enhances Lite Card Delivery

Datacard Group secure ID and card personalization solutions announced new features to its Datacard “MXD Lite” card delivery system. Allowing card affixing on the lower panel of personalized card carriers in one simplified step, “MXD Lite” allows financial institutions, government organizations, healthcare associations, retailers and other issuers to now affix up to two cards per form on either the lower and/or middle panels of the card carriers – enabling increased template and design flexibility. The Datacard “MX2000” or “MX1000” card issuance systems provide inline laser printing on forms offer with the 500 forms per hour speed or an upgraded system with a throughput of up to 1,200 forms per hour.

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U.S. Bank Deploys Secure Vault Payments on Website

U.S. Bank implemented Secure Vault Payments (SVP) with FamilySearch Internationa for online donations. With this, FamilySearch customers can choose Secure Vault Payments to make an online donation using a consumer online bank account at U.S. Bank or at any Secure Vault Payments-enabled financial institution. They are automatically redirected to their own participating financial institution’s online banking platform to confirm their balance and select the account they wish to use for payment. They are then returned to FamilySearch.org, where they receive payment confirmation. Secure Vault Payments was developed by NACHA ” The Electronic Payments Association.

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AccountMate Provides End-to-End Secured Payment Processing

AccountMate Software Corporation has integrated its “ERP” software with Accelerated Payment Technologies’ X-Charge payment processing services to provide automated credit card processing. The X-Charge Payment Processing for AccountMate set of security solutions is designed for small to mid-size businesses. In addition to accepting credit and debit cards, gift cards and e-check payments, X-Charge provides store credit card and check information securely with end-to-end encryption. This should improve payment processing to 2 to 3 seconds using high speed internet and provides an improved reconciliation and data analysis with meaningful reporting tools.

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