Layered Tech Names Chief Risk Officer

Jeff Reich was named chief risk officer with Layered Technologies compliant hosting, managed dedicated hosting and on-demand virtualization/cloud computing services. Bringing with him more than 30 years’ security, risk and compliance expertise, Reich will further expand Layered Tech’s leadership position in providing compliant cloud, dedicated and hybrid hosting environments. As a well-known industry expert on security and risk management, Reich will deliver significant value to Layered Tech clients, whose compliance needs are growing in areas such as PCI DSS and HIPAA. Reich has extensive experience in cloud computing, having served as chief security officer for Rackspace Hosting, vice president and chief security officer of CheckFree, and senior manager of information protection at Dell Inc.

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PowerPay Card Design Supports U of Maine Alumni

The University of Maine Alumni Association (UMAA) partnered with PowerPay merchant account payment processing solutions. This lets University of Maine alumni-owned or operated businesses and their supporters to generate an ongoing stream of funding for UMAA simply by processing credit card transactions. PowerPay’s GIVE U Program takes 20% of PowerPay’s profit from each transaction at the participating business and donates it to the UMAA on behalf of the merchant. These funds support alumni programs, communications, scholarships and alumni events, including homecoming and reunions.

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Ground Labs to Showcase Cardholder Data Discovery

Payment card industry execs and stakeholders will be attending the fifth annual PCI Security Standards Council (SSC) Community Meeting in North America. Ground Labs, a leading developer of 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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ElectraCard Services (ECS) nominated Prepaid Awards Finalist

ElectraCard Services (ECS) software solutions for electronic payment has been nominated as a finalist for the Prepaid Awards 2011. This nomination was conferred on “Best Prepaid Service Provider” category for its recognition in international market for its prepaid offering and its visibility in the prepaid space. This award recognizes the achievements and successes of the prepaid sector. The Prepaid Awards have grown both in the quality of submissions received and in the amount of industry professionals attending the event. The ‘Best Prepaid Service Provider’ award is sponsored by American Express.

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Standard Chartered Clearstream Cash Correspondent

Clearstream, the international central securities depository (ICSD) within Deutsche Börse Group, will appoint Standard Chartered Bank as a new cash correspondent bank in Hong Kong, for Hong Kong dollars and the Chinese Renminbi held outside mainland China. Clearstream opened its first office in the region in Hong Kong in 1990, has representative offices in Dubai (since 1995) and Tokyo (since 2007) and a branch in Singapore (since 2009), from which 20% of its revenues are generated.

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SmartSoft Instant Card Issuance Awarded ACT Canada Innovation

SmartSoft EMV based instant card issuance, Mobile/NFC, and EMV training and consultancy solutions to the global payment industry announced Everlink Payment Services Integrated Payment Solutions and Services received the prestigious Canadian Innovation Award from ACT Canada, an internationally recognized non-profit association and trusted knowledge resource in the payment and secure identity markets. The Everlink Instant Card Issuance solution is powered by software developed by SmartSoft and allows banks and credit unions to instantly issue EMV debit, credit or prepaid cards as well as PayWave and PayPass contactless cards.

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Visa Europe Launches Apprentice program

Visa Europe launched its Higher Apprenticeship program after recruiting 14 apprentices this summer for its 20 new apprenticeships. PDS Group IT and Telecoms apprenticeship consultancy, was selected by Visa Europe to help build its IT, Finance and Business Administration Apprenticeship programmes. PDS won the contract after providing an initial feasibility study. All but one of the 14 apprentices will join the TPS technology division to study for a Foundation Degree and a Level 4 Diploma to become ICT Professionals, whilst one will work in the Finance division and study for AAT and CIMA qualifications over a four-year period. Visa Europe has also introduced six Business Administration Apprentices who will join the teams in HR, Strategy, Corporate Communications, Relationship Management & Sales, Risk, Compliance & Corporate Services and Marketing, bringing the total apprentice intake to 20.

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INGENICO Inks Avis Europe Payment Service Contract

Ingenico payment solutions finalized a five year contract with Avis Europe car rental. Providing a fully managed payment service across its retail network, Ingenico ensures Avis Europe a fully managed service including approximately 3,000 iCT250 chip and PIN terminals, transaction management delivered through Ingenico’s Axis platform, helpdesk and hardware maintenance services at more than 1,000 of its retail locations. With this new system in place, Avis will become the first European car rental company to offer their customers a fully PCI DSS compliant chip and PIN solution, providing an enhanced, secure car rental payment experience. The roll out is scheduled to commence across mainland Europe at the beginning of 2012.

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Payday Express Advances its Card Fraud Protection

Payday Express Short term loan specialist has advanced its fraud protection with improved cardholder verification process, to help combat debit card crime and deter card not present (CNP) fraud. Payday Express has previously developed a number of checks to prevent and tackle CNP fraud and has strengthened these with the addition of a more stringent cardholder verification process, for cases where customers call in to pay with a different card to the one originally registered on their account. The aim is to ensure that the company’s exposure to CNP fraud is limited, which decreases the number of payments charged back to the business; and also to ensure that there is better protection for those who have been victims of card theft.

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REVOLVING CREDIT & COFS CONTINUE DOWNWARD TREND

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In conjunction with U.S. credit card delinquencies plummeting to a near six-year low- with 60+ day delinquencies dropping for the 19th straight month by another 31 basis points (bps) to settle at 2.15%- total outstanding revolving credit dropped from $795.9 billion to total $792.5 billion in July for the first drop…

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Ink from Chase and Google to Host Small Business Seminars

Ink from Chase, the business card portfolio from Chase Card Services, a division of JPMorgan Chase & Co., is teaming up with Google again this fall to host a series of seminars aimed at helping small business owners grow their businesses online. The seminars and online webinars are free of charge to Ink from Chase cardmembers and will feature expert advice from a Google product specialist, including, online marketing tips and best practices that small business owners can use immediately to make a big impact on their businesses. The “Grow Your Business Online” fall seminar and networking series kicks off in Chicago on September 19 and will include cities such as Houston, New York City and Miami. Each seminar will feature expert advice from Frederick Vallaeys, an AdWords evangelist at Google, and a local small business owner as well as time to network with other small business owners. To expand customer reach, the online webinar series will kick off in October. Additional information will be available at www.inkfromchase.com/events in late September. In addition to offering small business owners powerful cards and services, Ink from Chase launched Jot SM, a mobile application and online solution which saves small business owners time by enabling them to easily track, categorize and organize business expenses in real-time from their mobile devices or online.

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Visa Rolls Out Super Bowl XLVI Promo


Visa announced a new national promotion offering Visa cardholders the opportunity to win a trip for themselves and 10 friends to Super Bowl XLVI to witness first-hand all the sights, sounds and excitement of the biggest event in football. The “Visa You & 10 Super Bowl” Sweepstakes represents a key component of Visa’s integrated marketing campaign for the 2011 NFL season that will also include national advertising, social media executions, client and merchant activation programs, new NFL team relationships, and the seventh season of Financial Football, an educational program to promote financial literacy in high schools nationwide. Through Dec. 27, 2011, Visa cardholders in the United States will automatically be entered for a chance to win a trip for themselves and 10 friends to Super Bowl XLVI when they use their Visa card. The winner and all 10 of his or her guests will receive: tickets to the NFL Experience and Super Bowl XLVI in Indianapolis, Ind., roundtrip airfare and ground transportation, hotel accommodations, admission to a NFL-sponsored party, a meal with an NFL player, and a Visa gift card.

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