AmEx Shows Luxury Fashion Sales Propped Up

American Express Business Insights released its “2011 Spend Sights Special Report: Global Luxury Fashion Spending” indicating the average consumer is doing more this year to prop up luxury spending than traditional high-end shoppers. Reportedly, average consumers are leading spend in luxury fashion over the traditional enthusiast across the US, Europe and Asia. In fact, non-enthusiast men in the US spent 156% more on premium luxury fashion in 1H 2011 over last year, followed by women at 125%, whereas male enthusiasts spent 11% less on premium luxury, and their female counterparts had no change for the same period. Overseas, enthusiasts decreased spend on overall luxury fashion in the UK by 14%; in France by 10%; in Japan by 22%; in Australia by 14%; and in Hong Kong by 1%. In contrast, their average consumer counterparts increased luxury fashion spend by 27%; 13%; 26%; 1% and 3%, respectively.

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Net Access Meets PCI Data Security Standard Validation

Net Access Corporation has met validated compliance with the PCI-DSS. Net Access Corporation, a leading data center solutions provider in the New York metropolitan region, announces that it has successfully validated compliance with the Payment Card Industry (PCI) Data Security Standard as a “level 1” service provider for its colocation services. Net Access’s PCI Compliance certification helps affirm that Net Access consistently provides a secure and reliable environment for their customers.

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Fiserv completes CashEdge acquisition

Fiserv financial services technology solutions completed its acquisition of CashEdge consumer and business payments technologies. The transaction is expected to be neutral to adjusted earnings per share in 2011 and accretive to adjusted earnings per share in 2012. CashEdge currently serves more than 500 clients while Fiserv serves approximately 16,000 clients worldwide, including financial institutions of all sizes and charter types, brokerage and investment firms, and billers such as retailers, telecommunication firms, and utilities.

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Riverview Community Bank joins Viewpointe

Viewpointe check image exchange and archive services, announced that Riverview Community Bank (Riverview) has become a Pointe2Pointe with Internet connectivity customer. WA-based Riverview Community Bank is implementing Viewpointe’s “Pointe2Pointe” Internet solution to conduct check image exchange more efficiently and cost effectively. The service provides a safe, simple and secure platform to connect with other exchange partners, and eliminates the need for a dedicated telecom line.

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Paymentus Receives Investment from Accel-KKR

Paymentus electronic bill payment, presentment and customer communication technology and services company, has received an equity investment through Accel-KKR private equity investment firm. The investment will be used by Paymentus to accelerate development, drive growth, and enhance the footprint of its real-time payment network. Paymentus’ unified, SaaS platform delivers enterprise bill payment, presentment and revenue management technology through a self-service model, simplifying, automating and streamlining the bill payment process. Processing more than 75 million customer transactions annually, the company’s next-generation platform provides real-time, multi-channel payment processing, and the industry’s fastest and most simplified implementation experience.

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Experian Launches Payment Protection Management

Experian global information services has launched a set of new services designed to help financial services organisations manage Payment Protection Insurance claims. The “Claimant Registration Service” offers secure registration and real-time electronic customer identity verification to allow financial services companies to quickly verify claimants. It also allows financial services organisations to submit back-books of customers to Experian to identify individuals and validate them against any exemptions and exceptions, while also updating customer information and contact details.

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Vantiv Payment Forges Multiple FCU Contracts

Vantiv payment processor has signed contracts with three Texas and Florida based credit unions for single-sourced comprehensive electronic processing servicing. These include debit card services, card production, gateway services, debit portfolio management, fraud mitigation, enhanced chargeback processing and ATM driving. Vantiv’s product suite also includes ATM terminal driving and monitoring, ATM and debit card transaction authorization and processing, credit issuing and processing services, national and regional gateway services, comprehensive ancillary services including fraud detection, card production, Rewards! product, and other consultative services.

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Midco Provides Meta Payment Customer Service

Meta Payment Systems has selected Midco Connections to handle their customer support services. Meta Payment Systems is a national leader in the pre-paid card industry, issuing gift cards, travel cards and re-loadable prepaid cards for customers throughout the country. The customer service segment will assist Meta Payment customers with a full range of services, including providing account balances and transaction histories, setting and re-setting PINs, managing payments, and helping customers with lost or stolen cards, as well as answering questions and assisting with basic customer service needs, all on a PCI-DSS compliant platform.

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ControlScan Leads Electronic Transactions Webinar

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] ControlScan: What: Data breaches are on the rise, and small merchants are increasingly targeted by unscrupulous hackers and identity thieves. In fact, small merchant breaches represent more than 80 percent of all compromise events. What is it about small merchants and the business environments they operate that makes them attractive targets?…

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MiiCard & Simbiottik Forge Sales Development Partnership

MiiCard online digital passport service partnered its global sales and channel development with Simbiottik technology marketing company. With this, Simbiottik will develop a channel partner network to promote the “miiCard” digital passport for the consumer that protects against Anti-Money Laundering, Know Your Customer Regulations and the Proceeds of Crime Act standards. The “miiCard” charges a monthly fee of GBP1 to the vendor on a transactional basis. Simbiottik specialises in channel development, and ongoing management of the channel relationship, for technology companies and will boost miiCard’s profile internationally.

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BMO Harris Bank Deploys NCR ATMs

NCR Corporation announced that BMO Harris Bank will deploy its “SelfServ” ATMs to replace a significant portion of the ATMs acquired through the acquisition of Marshall & Ilsley Corporation (M&I). NCR also will provide the field maintenance services on this new fleet. The new NCR SelfServ ATMs will include NCR’s Scalable Deposit Module (SDM) technology, the only technology on the market that allows consumers to deposit both cash and checks simultaneously in any orientation through a single slot. The ATMs also provide a quick consumer deposit experience thanks to its “dynamic deskew” technology within SDM helps minimize the fault and jam rates of checks, as it removes imperfections in the scanning process – normally from wrinkled checks.

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