BillMyParents Offers Instantly Track-able, Reloadable, Prepaid Card

Parents can now track their childs’ allowance with the BillMyParents instantly track-able, reloadable “SpendSmart Card.” With instant text alerts to both parents and teens showing real time transaction details each time the teen uses the card; the ability for parents to instantly lock or unlock the card at any time from their mobile phone, smart phone or online; and the ability for parents to instantly load funds on the card at anytime the card provides a tool for the real world. In addition to these features, the “SpendSmart Card” lets parents instantly add funds and because it is preloaded puts users at no credit risk.

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MoMagic Partners With MediaTek

MoMagic Technologies partnered with MediaTek fabless semiconductor company for wireless communications and digital multimedia solutions. With the synergies of both companies, this business cooperation aims to boost the Mobile VAS market, which is projected to see over 100% growth in next 3 years. In 2011 MoMagic was incorporated with a vision to cater to the escalating demands of Mobile VAS for users across all segments with special emphasis on entry and mid-level segment. MoMagic has plans to offer innovative solutions using different mobile connectivity mediums of SMS, USSD, Voice, WAP, 3G & Mobile Applications. MediaTek is a market pioneer in cutting-edge SOC system solutions for wireless communications, high-definition TV, optical storage, DVD and Blu-ray products.

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Cashzone Partners NFRN to provide ATM services

Cashzone ATMs partnered with the National Federation of Retail Newsagents (NRFN) to provide its 16,500 members with both free-to-use and surcharging ATMs services. Cashzone will operate a dedicated NFRN customer service center, providing members who are considering or reviewing ATMs with viability and site surveys, revenue forecasts, competitor analysis and consultancy. Nearly 70% of NRFN members describe themselves as convenience stores.

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Amex & Groupon Partner and Promote Expansion

American Express and Groupon Hong Kong are partnering to bring benefits and rewards to consumers in Hong Kong. American Express Cardmembers can now redeem Groupon cash vouchers at a savings of 60%. Customers who use their American Express card when transacting on the Groupon Hong Kong website are also eligible to win one million reward points. The collaboration sets a major milestone for both American Express and Groupon Hong Kong. Groupon Hong Kong has become the first Membership Rewards partner of American Express from the online group-buying category, adding a new dimension to the American Express Membership Rewards program and offering American Express Cardmembers broader choice in their rewards selection. In conjunction, from August 18 to September 30, American Express Cardmembers redeeming a HK$100 Groupon cash voucher with 30,000 MR points will enjoy a total rebate of 18,000 MR points.

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Radiant Systems & Michael O’Brien Partner to Deploy POS

Radiant Systems implemented its “Quest” technology in Australia’s Metricon Stadium with Michael O’Brien Catering, which will be running the “Quest Venue Manager” software hosting 31 Q1515 touch screen POS terminals and 98 VS terminals throughout the stadium. Radiant Systems innovative technology for stadiums and arenas offered the “Quest” solution to deliver loaded tickets, voucher cards and bar tab account cards. With comprehensive, real-time reporting, managers are able to update terminals during events with minimal disruption.

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Santander Refines its online banking

Santander has relaunched its online banking service, which now features improved security for safer banking, a helpful single platform where customers can see information for all their Santander current accounts, savings and credit cards in one place and subscribe to paperless statements. Features now let customers view all accounts in one place; paperless statements; email alerts; secure messaging service; and quick transfer between accounts. Santander has also updated its Online Banking Guarantee which confirms that in the unlikely event funds are taken from a customer’s account without permission, Santander will pay back any loss incurred from fraud, up to the value of the amount fraudulently taken.

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Facebook Activity Drops, Investment Impact Questioned

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Facebook usage is plummeting, especially among educated 20-somethings-the very demographic which spawned the Facebook ‘movement.’ This trend is especially prevalent in the social network’s biggest markets, such as the U.S., Canada and the United Kingdom. These findings, according to GlobalWebIndex based on a survey of 100,000 people in 27 different markets…

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PCI Council Publishes Tokenization Guidelines

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The PCI Security Standards Council (PCI SSC) has published the PCI DSS Tokenization Guidelines Information Supplement to provide the market greater clarity on how specific technologies relate to the PCI Security Standards and impact PCI DSS compliance. Tokenization technology replaces a Primary Account Number (PAN) with a surrogate value called a…

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ViVOtech Introduces EMV Payments and NFC Reader

ViVOtech NFC software and systems has made availabile its “ViVOpay 8100” POS terminal for payments and NFC mobile commerce that could save eligible merchants more than $2 billion a year in annual PCI-DSS validation costs under a Visa initiative. The terminals accept traditional swipe cards with magnetic stripes, chip cards, contactless cards, and NFC-enabled mobile phones, as required by the Visa initiative announced last week to accelerate the migration to Eurocard-MasterCard-Visa (EMV) contact and contactless chip technology in the United States. The industry association Smart Card Alliance estimates annual PCI-DSS fraud-protection validations cost businesses more than $2 billion a year. Consumers just insert, swipe or tap their payment cards, or tap their NFC mobile phones to pay or electronically redeem a coupon or discount voucher. The ViVOpay 8100 works with the most popular payment terminals and electronic cash register (ECR) systems used by merchants today, adding PCI 2.1 certification; Integrated mobile payments and promotions module; support for multiple transactions; and advanced connectivity.

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Citi & Shell Re-Up Card Issuing Agreement

Citi announced a multi-year renewal of its long-standing U.S. credit card relationship with Shell. With these agreements, Citi provides Shell consumer and commercial customers flexible and rewarding payment options for their fuel and convenience store purchases. Citi and Shell partnered to launch the Shell “Drive for Five” card, the retail petroleum industry’s first private label consumer credit card offering everyday gasoline rewards across all grades of fuel.

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American Express Wins JD Power Customer Satisfaction

Consumers ranked American Express highest in customer satisfaction among credit card companies according to the annual nationwide study by J.D. Power and Associates for the 4th consecutive year. The study places American Express highest in overall satisfaction among 10 of the largest card issuers in the U.S. that were ranked in the study. The J.D. Power and Associates 2011 Credit Card Satisfaction Study looks at Customer Interaction, Billing and Payment Process, Credit Card Terms, Rewards Programs, Benefits and Services, and Problem Resolution. Relationship Care is the overall strategy to deepen customer relationships by providing tailored information and service that reinforces the value of products, and services for individual customers and to resolve inquiries upon first contact and has been the driving force behind a number recently launched servicing capabilities for both customers and our Customer Care Professionals (CCPs).

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VantageScore Solutions Awarded Victory Against FICO

VantageScore Solutions, provider of the “VantageScore” credit score, developed as a joint venture among the three national credit reporting companies and announced a three-judge panel from the U.S. Court of Appeals for the Eighth Circuit issued a decision rejecting an appeal filed by Fair Isaac Corporation (FICO). This vindicates VantageScore again by affirming all earlier outcomes, including the court rejecting as a matter of law FICO’s claims of anti-competitive behavior, false advertising, and unreasonable and illegal restraint of trade. A federal jury also determined FICO had no trademark rights in its scoring range, and therefore that the VantageScore numeric range could not constitute trademark infringement.

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