ValuCard Nigeria Names New CEO

The Board of ValuCard Nigeria Limted appointed Agada Apochi as Managing Director/Chief Executive Officer and Bisi Onasanya, Group MD/CEO, First Bank of Nigeria (FBN) as Chairman. Onasanya takes over as from Philips Oduoza, the Group MD/CEO of UBA as Chairman and will lead the company to new heights through his wealth of experience. Apochi is the company’s fourth CEO and the first through internal succession since inception. He was until the appointment ValuCard’s Executive Director. Apochi joined the services of ValuCard Nigeria Limited in 2005 and is an alumnus of the University of Jos, Lagos Business School and Bank Card Business School in Cambridge with several academic honors and awards including University Prize for Best Graduating Student.

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GlobalPlatform Launches Compliance Trademark

GlobalPlatform has officially launched its compliance program trademark to ensure the creation and maintenance of an interoperable, sustainable and trusted end-to-end environment for managing applications on secure chip technology. GlobalPlatform’s compliance program secretariat will manage all qualification processes – for products, test tools and laboratories – and issue the GlobalPlatform qualified trademark to successful vendors. As the compliance program initially focuses on the GlobalPlatform UICC Configuration, UICCs will be the first to present GlobalPlatform’s qualified trademark in the market. A UICC that achieves this qualification offers reassurances to those operating in the mobile services ecosystem that it meets the functional requirements outlined by the industry body.

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Ogone Payment Services acquires EBS online payment

Ogone Payment Services payment platforms embarked on the Indian payments market, acquiring EBS (E-Billing Solutions) online payment provider for undisclosed financial terms. This represents Ogone’s first acquisition and its first move outside the European market. EBS will continue to operate under its current management structure and market approach and will be responsible for running operations and the continued expansion of the company. EBS also retains its name and brand in the Indian market. The EBS board is supported by 3 members of the Ogone Payment Services Board. Ogone were advised on the deal by Brian, Garnier & Co, an independent pan-European investment bank focused on growth companies.

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Asic Introduces e-payments Code

ASIC released the new ePayments Code which provides a best practice consumer protection regime for electronic payment products. PayPal Australia welcomes the new ePayments Code and has agreed to sign up to the revised code by the end of the transition period which is 20 March 2013. ASIC expects it to be joined by banks, credit unions and building societies who are members of the existing version of the code. ASIC is also in discussion with a number of other providers of new payment services about subscribing to the new code. The ePayments Code provides key consumer protections in cases of fraud and unauthorised transactions and plays an important role in the regulation of electronic payment facilities in Australia. The Code replaces the existing EFT Code and will regulate consumer electronic payments including ATM, EFTPOS, debit and credit card transactions (including contactless transactions), online payments, internet banking and BPAY and designed to deal with recent consumer issues and developments in the electronic payment industry.

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NCR Implements ObjectVideo video analytics software

NCR ATMs is launching a new ATM and branch security solution for financial institutions throughout Europe that incorporates ObjectVideo video analytics software to create automated alerts for potential security risks. NCR’s IPVS (IP Video Surveillance) takes feed from video cameras monitoring the banks’ ATMs, branches, teller queues, vaults and building perimeters. It uses advanced video technology and business rules to identify potential security risks in an effort to tackle bank crime. Alerts can be integrated into existing security sub-systems or sent directly to the appropriate organisation for action. NCR and ObjectVideo have entered into an original equipment manufacturer (OEM) agreement which enables NCR to incorporate ObjectVideo analytics technology as a key ingredient of this innovative software.

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Orange and Barclaycard launch New Contactless Handset

Orange and Barclaycard are set to launch the second “Quick Tap” contactless payments enabled handset, allowing users to purchase the Samsung Wave 578 with Quick Tap from Orange’s shops, online and via telesales. The new Samsung Wave 578 with Quick Tap contactless payments will be available in Black with a sleek, user-friendly design and bright 3.2″ WQVGA TFT screen. It runs on Bada, Samsung’s own operating system, and offers Wi-Fi, HSDPA, A-GPS, MicroSD and Bluetooth. The 3G+ handset also features integrated social networking, including Facebook and Twitter, plus a 3.2 mega pixel camera and video recording. Barclaycard, Barclays debit or Orange Credit Card users can then load funds of up to GBP100 onto the handset’s Quick Tap app.

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Visa and Google Partner for mPayment Adoption

Visa, Visa Europe and Google announced Google has received a worldwide license to Visa “payWave” NFC-based payment technology. Visa “payWave” lets users make fast and secure payments at retail locations by waving their mobile phone in front of a payment terminal and is currently accepted at hundreds of thousands of retail locations worldwide. With this partnership, Visa-issuing banks worldwide can allow Visa account holders to add their credit, debit and prepaid accounts to “Google Wallet” mobile application that turns a smart phone into a digital wallet. This is the latest effort by Visa and Google to simplify the consumer shopping experience by enabling them to make mobile payments using their mobile phones.

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Chase Paymentech Partners NexTech, Streamlines Payment Processing

NexTech Electronic Medical Records (EMR), Practice Management, Billing, and Marketing software, has established a marketing agreement with Chase Paymentech payment processing. Providing NexTech software users a solution that will generate more effective collections of funds for services rendered, the partnership allows clients to check-out patients quickly and conveniently while easily collecting debit and credit card payments directly through the NexTech software. After processing the patient’s payment in the NexTech system, important billing records will automatically update within the NexTech Software, saving physician’s and staff time on administrative tasks.

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AmEx Taps Gaming Market, Acquires Top Player

American Express has acquired Sometrics in-game payments provider and virtual currency platform for $30 million, providing greater access to promote its payment platform to the gaming community. California-based Sometrics enables online game monetization with its virtual currency platform that facilitates in-game payments and purchases of digital goods, according to its website. Sometrics has processed 3.3 trillion units virtual currency since its debut, according to TechCrunch.

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VSoft Data Center Popularity Steadily Growing

VSoft Corporation announced five credit unions selected to transition their current VSoft check processing solutions to its “VServe” global data center. The group of credit unions leveraging VServe include Indiana-based LaPorte Community Federal Credit Union with $30 million in assets; Elgin, Ill.-based Kane County Teachers Credit Union with $170 million in assets; Miami-based University Credit Union with $170 million in assets; Greater New Orleans Credit Union with $107 million in assets and Farmingville, N.Y.-based Teachers Federal Credit Union with more than $4 billion in assets. The “VServe” center offers an outsourcing alternative that delivers VSoft’s full suite of check and core processing software solutions, features high capacity network systems with a dependable infrastructure.

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Liaison Tokenization Service Well Received

Liaison Technologies announced that its “Liaison Protect” Tokenization-as-a-Service (TaaS) solution is garnering high marks from companies that need to comply with the PCI DSS. Liaison marketed its cloud-based managed “Format Preserving Tokenization” service when it announced Liaison Protect TaaS, giving customers a choice on how to tokenize any type of confidential information. Liaison teamed up with Verizon Business to offer tokenization on Verizon’s Computing as a Service (CaaS) platform, the first cloud-based solution to successfully complete the PCI DSS audit for storing, processing and transmitting credit card information.

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