Fiserv Offers Personalized EMV Cards

Fiserv financial services technology will begin personalizing chip payment cards based on the Europay MasterCard Visa (EMV) standard, which features a micro-processing chip that stores cardholder data securely. The adoption of dual-interface chip technology also helps prepare the U.S. payment infrastructure for the arrival of NFC mobile payments by building the necessary infrastructure to accept and process chip transactions that support either a signature or PIN at the point of sale.

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Heartland Payment Named to InformationWeek 500

Heartland Payment Systems payments processor earned recognition as a top technology innovator by InformationWeek on the “InformationWeek 500 List.” Heartland was recognized for its “E3” end-to-end encryption technology, designed to protect merchants without charging extra fees or requiring a large equipment investment. E3 safeguards sensitive credit and debit card data from the moment of card swipe or key entry. With EMV/chip card technology and near field communication (NFC) capabilities, Heartland’s E3 is helping merchants prepare for Visa’s Technology Innovation Program that will go into effect on October 1, 2012.

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Clear2Pay and Systar team to Launch BAM

On the opening day of Sibos 2011, Clear2Pay, the international technology provider of next generation payment solutions for financial institutions and Systar (Euronext Paris ISIN: FR0000052854-SAR), the leading Business Activity Monitoring (BAM) solution provider, announce the first in a series of BAM solutions for Clear2Pay customers. Systar’s industry-leading BAM payment product will be integrated by Clear2Pay into its Open Payment Framework (OPF) environment, enabling Clear2Pay customers to gain the real-time performance insight required to pro-actively mitigate operational risk. The BAM solution will allow customers to increase the level of STP across payment silos in a proactive manner by identifying and addressing issues such as cut-off risk, consistency risk, performance issues and unexpected activity prior to impacting the payments cut-off.

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Braintree’s Daily Volume Surpasses $8 Million

Braintree online payments provider now is processing more than $8 million in online credit card payments daily, which is 268% of the same quarter of last year and is on track to process more than $3 billion in 2011. Part of this growth comes from overseas, where Braintree has aggressively been expanding its footprint in Europe, Australia, Asia Pacific and the Middle East. Braintree reports that international transactions now make up 15 percent of the company’s processing volume. Braintree is adding new merchants at a pace of 100 per month. The company expects to double its team during the next year to keep up with demand.

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Ground Labs to Showcase Cardholder Data Discovery

A large gathering of global stakeholders in the payment card industry will be attending the fifth annual PCI Security Standards Council (SSC) Community Meeting in North America. Ground Labs security and auditing software solutions for the payment card industry, will be a sponsor of this year’s event in Scottsdale, Arizona and participate in the Vendor Showcase. The PCI SSC Community Meetings provide an opportunity for industry stakeholders to learn from each other’s experience working with the PCI Data Security Standard (PCI DSS). Participants also have opportunities to raise new ideas for future versions of the Standards and learn about best practices for protecting cardholder data as they interact with solution vendors and other service providers in the industry.

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NNT joins PCI Security Standards Council

PCI DSS and general security and compliance solutions provider New Net Technologies (NNT) has become a member of the PCI Security Standards Council. To enhance payment data security globally while embracing developing technologies, the council relies on the involvement of those across the payments processing chain, from merchants and service providers to payment device manufacturers and software developers, financial institutions and processors. As a participating organisation it will add its voice to the standards-setting process and receive previews of standards drafts, joining more than 600 organisations working to improve payment security.

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Dynamics to Offer Consumer Choice of Payment Method

Dynamics next-generation payment cards is set to launch its “Chip And Choice Technology” at Finovate Fall 2011 in New York City in order to fix EMV’s crippling software fragmentation problem. The “Chip & Choice” technology offers a secure, embedded chip and an exposed chip, from which a user can select different payment options by pressing different buttons on the card. Dynamics’ secure, embedded chip then writes a different, temporary chip profile into the exposed chip based on the user’s selection. In doing so, a user can select and use different payment applications even with readers that do not support such applications. This level of flexibility, unique to Dynamics payments cards, negates the needs for costly infrastructure updates in order to deliver powerful new functionality to merchants, networks, card issuers and consumers.

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EastNets to outline application

EastNets compliance and payment solutions has obtained the SWIFTReady workers remittance conformance label for 2011. en.MoRe is the first application in the workers’ remittances program offering a mobile remittance functionality where it demonstrated a real time remittance between a Telco operator and a receiving bank . A partnership agreement was signed earlier this year with BICS (Belgacom International Carrier Services) to provide mobile money transfer services to millions of migrant workers worldwide. BICS operates an international network, with over 550 direct connections, including more than 250 routes to mobile operators, in more than 170 countries.

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Squids’ ACT of Smart Transactions Group #49 on Tech Track 100

ACT (Applied Card Technologies Ltd) contactless tickets and payments solutions was placed at position #49 in the recently announced Sunday Times Tech Track 100 listing of Britain’s fastest growing private technology companies. ACT which joined forces with sQuid in May earlier this year to create Smart Transactions Group, the new European leader in smart transactions, in a deal valued at $87 million (£53.3 million). ACT designs, builds and operates innovative smart IT systems and services for retail, tourism, transport and eMoney providers. ACT public sector solutions, helps to connect citizens to services. ACT is a hands-on technology company.

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E-Debit Global Inks MoU to Expand ATM and POS Network

E-Debit Global Corporation has entered into a signed memorandum of understanding to expand its national ATM and POS independent sales organizations (ISO) network. E-Debit Global Corporation (WSHE) is a financial holding company in Canada at the forefront of debit, credit and online computer banking. Currently, the Company has established a strong presence in the privately owned Canadian banking sector including Automated Banking Machines (ABM), Point of Sale Machines (POS), Online Computer Banking (OCB) and E-Commerce Transaction security and payment.

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Foregenix appoints new head of territory sales

Digital forensics and incident response specialist, Foregenix, has appointed IT security expert, Nick Barratt to drive the sales of its cardholder data discovery suite, FScout across EMEA. Nick will also be responsible for forming technology and reseller partnerships with companies across Europe to support Foregenix’s direct sales efforts. Nick has been in the IT security industry for more than twelve years. His most recent positions include that of Sales Manager at SafeNet. Here, he developed specialisms in encryption, tokenisation, key management and intelligent data protection. He has strong relationships with a number of experts in the PCI DSS arena and regularly participates in a number of working groups and special interest groups within the security industry. He understands PCI DSS and PA DSS inherently.

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American Express sets up at Copenhagen Airport

American Express foreign exchange and credit card company opened its first foreign exchange bureau at Copenhagen Airport, and another two American Express locations will open in the transit area in Terminal 2 and Terminal 3 respectively within the next few weeks. In addition to buying and selling cash in virtually any currency, the three new American Express bureaux will also offer an online service allowing the company’s corporate customers to pre-order foreign exchange for their trip. The bureaux will also offer a number of other services such as selling and cashing American Express travellers cheques, information to American Express card holders and sales of pre-paid international phone cards.

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