Medallion Bank Joins Wolters Kluwer Financial Services

Medallion Bank joined the Wolters Kluwer Financial AppOne platform, which automates the indirect lending, credit approval and compliance processes for lenders and the RV and marine dealers they work with. Medallion Bank specializes in financing customers with past credit problems, provides financing to bank-approved marine and recreational vehicle (RV) dealers across the United States, for which AppOne will help automate credit application processing.

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T8 Webware Defends Card Design Technology

T8 Webware financial Web strategy and personalized services firm does not infringe on the U.S. patents that digital card design technology provider Serverside Group filed against the company, accordingly. T8 Webware believes the Serverside suit is unwarranted and that no patent technology infringement has occurred. The company is also committed to defending its position as well as that of its customers and resellers named in the lawsuit.T8 Webware’s offerings focus on a broad spectrum of Internet-based services. Serverside Group Ltd. and Serverside Graphics Inc. obtained a pair of U.S. patents on April 26 and May 24, 2011. In June, Serverside announced it was suing 15 credit card manufacturers, service providers, banks and credit unions – including T8 Webware and a bank customer, claiming its new patents cover the concept of customizing a credit card with an image supplied by a user over the Internet.

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Purdue Federal Launches Student-Designed Debit Cards

Purdue Federal Credit Union (Purdue Federal) announces a new way for the community to show school spirit for their favorite high school with custom, student-designed debit cards for Benton Central, Central Catholic, Faith Christian and McCutcheon high schools. The cards are original designs created by Benton Central student Caleb Owens, Central Catholic student Nathan Budny, Faith Christian student Theodora Yu and McCutcheon student Travis Baugh for a high-school debit card design contest hosted by Purdue Federal. Customers can now switch to a new card design at no charge.

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Citadel EFT Joins United Bankcard, Supplies POS & e-Registers

Citadel EFT credit card terminals and online, mail order, and retail credit card processing services has joined with United Bankcard to provide POS Systems and Electronic Cash Registers and now its sales team can sell the Harbortouch POS System to any merchant for free. This POS system processes credit cards, printed receipts, comprehensive reporting, inventory tracking, employee scheduling, and has a built-in time clock. It can also provide Casio’s electronic cash register TE-1500 or TK-1550 for free. CDFT can offer up to five of these cash registers absolutely free to any merchant. CDFT believes this arrangement with United Bankcards will further enhance its range of credit card processing equipment, credit card software and Point of Sale Systems which the Company can offer to current and potential online/retail/wholesale merchants.

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Zale Expands U.S. Customer Financing

Zale Corporation initiated a program to provide alternative financing options for U.S. customers through Monterey Financial Services consumer finance company. Citibank (South Dakota), N.A. (“Citi), remains the company’s primary consumer financing provider in the United States. Zale will offer this program to select customers whose credit applications have been declined by Citi, providing them with an affordable option to finance their merchandise purchases.

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Dhanlaxmi Bank deploys Fis ATM technology

Dhanlaxmi Bank has deployed Fis’ ATM switching and transaction processing services including ATM driving, card management and authorization, gateway services and bank host interface. This newly deployed FIS solution set provides Dhanlaxmi Bank with a comprehensive solution for the ATM delivery channel, enabling its accountholders to perform transactions using their debit cards 24/7. Dhanlaxmi Bank has expanded its ATM network by adding more than 300 ATMs and introducing new products and services, such as secured Internet transactions and a mobile banking channel and will join FIS’ supported network of more than 3,000 ATMs across the country.

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Target Secures e-Commerce with TNS Gateway Service

Target Australia is now utilising the TNSPay gateway service from Transaction Network Services in its online shopping operation http://shop.target.com.au. Target Australia benefits from the TNSPay Hosted Payment Form and TNSPay Stored Card Tokenization to help minimise the potential for eCommerce fraud. TNSPay Hosted Payment Form integrates into a merchant’s web payment page and allows the shopper’s details to be posted directly onto a hosted service within TNS’ PCI DSS certified processing environment. Target retains full control of the payment pages branding, while its PCI compliance tasks are minimised since card data never enters its merchant environment. This gives Target the ability to validate certain customer data points prior to the end of the checkout session, which can help increase the likelihood that the sale will be authorized when the customer submits the order. All of these features can help provide a better customer experience for Target shoppers.

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TSYS Appoints New General Manager

David Duncan has been appointed GM, TSYS Brazil. A 14-year veteran of TSYS, Duncan most recently served a dual role as Group Executive for China and Southeast Asia while also supporting the corporate strategy group in mergers and acquisitions. Duncan has spent the majority of his tenure overseas at TSYS’ global offices. When based in Japan, he was instrumental in the acquisition of GP Net, TSYS’ majority-owned joint venture in Japan, in 2000. Beginning in 2001, Duncan directed the company’s efforts in China, overseeing the development of China UnionPay Data Services, Ltd. (CUP Data), a TSYS joint venture, in 2006.

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NFC Forum Driving NFC PoS Terminal Market

The Global NFC PoS Terminal market is expected to grow at a CAGR of 10.1% across the Americas as well as the EMEA and APAC regions, indicating the market is being driven by the various initiatives undertaken by the NFC Forum. Additionally, the high cost of NFC PoS terminals is hindering the growth of this market, but as the preferred mode of payment is expected to keep growing. There is also a trend in this market of vendors offering non-payment applications as value-added services. These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.

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Payfirma’s Launches Blackberry Mobile Payment App

Payfirma launched its Blackberry Mobile Payment App for Canadian merchants to accept credit card on their Blackberry devices instantly. Anyone with a Payfirma merchant account can now accept and process credit card transactions in real-time on their Blackberry devices using a free to download application from the Blackberry App World or from Payfirma’s website. Payfirma’s payment apps let any business or consumer accept all major credit cards securely on Blackberry & iPhone. Users can swipe or manually input a credit card, authorize the transaction within 5 seconds and email a receipt of the transaction directly from the app to the customers.

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Fewer Delinquency & Lower Debt Drives Credit Risk Down, Not COFs

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] For the sixth straight quarter the TransUnion proprietary “Credit Risk Index” (CRI) dropped in 2Q/11. The 2Q/11 CRI was down 1.9% to 121.22 by 234-basis points from 123.56 in the year ago period as consumers continue to pay down their outstanding debt and avoid delinquency. Except for Massachusetts and Vermont, every…

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Diebold Introduces virtual ATM prototype

Diebold introducing its new concept virtualized ATM at the VMworld 2011. The virtualized ATM prototype was developed in collaboration with VMware, removing the onboard computer from the ATM, tying each terminal in a fleet to a centralized computing resource. In this scenario, the physical components of a single server provide resources to many “virtual” ATMs. This consolidates and shares resources throughout a self-service network and across delivery channels. Consolidation allows the establishment of a single secure datacenter, allowing for greater control and a secure location for IP addresses. Through better server utilization and unification of ATM management, virtualization will also boost operational efficiency, enable faster failure recovery and more rapid software upgrades and services deployment. In short, virtualization will lead to a lower total cost of ownership and increased ATM uptime.

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