NCR Secures ATM Services Deal

NCR Corporation has secured its largest ever ATM services contract in China as it continues to grow both its software and services businesses worldwide as well as its operations in emerging regions. NCR will provide hardware maintenance services for approximately 10,000 units of NCR-branded ATMs installed at the Agricultural Bank of China (“ABC”), helping drive higher ATM availability to improve the bank’s customer satisfaction. ABC had 54,510 cash related self-service banking facilities, which was the top among large commercial banks, with an annual total transaction volume of RMB4.80 trillion. NCR plans to help ABC achieve 99% ATM availability while diminishing ATM downtime.

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Thales introduces crypto support for m-payment issuers

Thales information systems and communications security introduced its Hardware Security Modules (HSMs), allowing mobile payment issuers to deliver their mobile payment applications to mobile handsets Over-The-Air (OTA) in a simple, efficient and secure manner. With Money transfers and NFC transactions to reach almost $630bn by 2014, Thales HSMs now provide the ability to create a secure message to personalize a payment application hosted in a GlobalPlatform Secure Element, resident in a mobile phone using a single dedicated cryptographic HSM call, available on its “payShield 9000.”

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EVERTEC Posts 2Q/11 Revenue Up $7.4mm

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After an affiliate of Apollo Global Management acquired a 51% indirect interest in EVERTEC, it’s total revenues increased $7.4 million from the year ago figure to $76.2 million. This was thanks in par to the Transaction Processing segment revenues having increased by $1.7 million by 9%, Merchant Acquiring segment net revenues…

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Heartland Payment Appoints Director, Major Accounts

David J. Hogan has been named Executive Director, Major Accounts, with Heartland Payment Systems. Bringing more than 25 years of experience in information technology and retail operations, Hogan will lead Heartland’s Major Accounts sales team focused on driving significant business growth among mid-to-large level businesses in the retail and hospitality industries. Hogan previously served as chief information officer and senior vice president of retail operations for the National Retail Federation (NRF), responsible for the association’s IT, supply chain, e-commerce and loss prevention departments. He also previously served as chief information officer and vice president for international retailer, Duty Free Americas.

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INSIDE Secure Names VP Business Development, Payment

Reid D. Holmes has been named vice president of business development, payment, for INSIDE Secure semiconductor solutions in the Americas. Holmes’ extensive experience in a wide range of payment and mobile technologies combined with his deep familiarity of the payment industry ecosystem, make him ideally suited for bringing INSIDE solutions to major North American accounts. He will focus on building strategic relationships with major customers in the payment and transit market, as well as helping to define go-to-market strategies for those segments. Holmes joins INSIDE from Giesecke & Devrient, where he served as senior sales manager for emerging payment and transportation sales and also headed an independent consultancy, providing business development and support for electronic funds and benefits transfer services.

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Fiserv Appoints ACCEL/Exchange Payments Head

Dave Keenan has joined Fiserv financial services technology solutions as its GM, ACCEL/Exchange payments network. Bringing with him more than 25 years of payments experience to Fiserv, he served as vice president of Sales and Marketing at BankServ, a provider of specialized payment solutions for financial institutions and corporations using SWIFT, Fedwire, P2P, mobile and remote deposit capture technologies. He also served as managing director of Loyalty Marketing at United Airlines, where he was responsible for its loyalty program and corporate marketing partnerships. Keenan also served as senior vice president at MasterCard International, where he held a variety of leadership positions including head of global operations for the Cirrus network. He began his career as a systems programmer with Fifth Third Bank’s Midwest Payment Systems (MPS) subsidiary, writing machine language code that connected some of the first ATM/point of sale networks.

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ACI Worldwide to Solicit Proxies Against S1-Fundtech Merger

ACI Worldwide payment systems has filed preliminary proxy materials with the SEC concerning the solicitation of votes against proposals of a merger. The materials indicate ACI believes the proposed S1-Fundtech transaction is not in the best interests of S1 shareholders and that S1 shareholders should vote “AGAINST” the proposed S1/Fundtech combination because ACI believes a vote “AGAINST” the proposed Fundtech transaction preserves the opportunity for S1’s shareholders to receive a premium price contemplated by ACI’s proposal that ACI believes would provide significantly greater value to S1 shareholders than the Fundtech transaction. Also a vote “AGAINST” the proposed Fundtech transaction stops the S1 Board from entering into a transaction that results in a radical restructuring of S1’s business, ownership and governance for no premium or cash to S1 shareholders; and a vote “AGAINST” the proposed Fundtech transaction sends a strong message to S1’s Board that S1 shareholders want S1’s Board to consider other alternatives for the company.

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Secure POS Vendor Alliance Partners with Witham Laboratories

The Secure POS Vendor Alliance (SPVA) non-profit business, founded by Hypercom, Ingenico and VeriFone, partnered with Witham Laboratories information security evaluations. The Australian-based consultant will serve as SPVA’s first Lab Network member and will focus on testing SPVA’s end-to-end encryption security requirements. The SPVA Lab Network closes gaps in security payment process compliance, ensuring aspects of technology and applied processes are subject to independent verification and standard guidelines. The process allows end-users and customers a method for establishing an independent and credible review of an implementation of SPVA best practices and provides them with options to ensure their compliance is verified.

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Bank of America to Sell Off International Credit Card Folios

Bank of America has agreed to sell its $8.6 billion Canadian credit card business to TD Bank Group and that it will exit its credit card businesses in the U.K. and Ireland. This continues the transformation of Bank of America’s credit card business, following the sale of the U.K. Business Lending portfolio, the agreement to sell the Spanish card business, and the company’s continued exit from the depository institution affinity credit card business with the recent sales of the Regions and Sovereign credit card portfolios. The U.K. and Ireland card folios have $19 billion in credit card loans and more than 4,000 employees.

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ANX Adds Secure Cloud Gateway to PCI Security & Compliance

ANXeBusiness security, compliance and connectivity solutions enhanced its PCI Compliance & Security solution for small businesses with “Secure Cloud Gateway.” The Secure Cloud Gateway includes proprietary technology with features that focus on ensuring merchant PCI DSS compliance. While the ANX PCI Compliance & Security solution affords merchants and small businesses all of the cost benefits of cloud-based technology by delivering a suite of cloud-based UTM services that eliminate threats from viruses, worms, Trojan horses, spyware and other malware launched from malicious web sites and email. It provides network routing to direct incoming traffic through the ANX network for scrubbing, as protection against external threats before they enter the customer network; Wi-Fi for secure and reliable high-performance wireless access; Network security, with monitoring for the most severe threats including worms, viruses, buffer overflows and denial-of-service attacks; and Web security, including antivirus, web filtering, reporting and inspection of outgoing traffic.

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Mobile Web 3.0 Development Offers Cross-Platform M-Commerce

Mobile commerce mini-cart mashup “mCartSB” combines Amazon “PayPhrase” and PayPal “Mobile SMS” online shopping and payment processing into economical mobile website alternatives to iPhone, Android and other platform-specific mobile apps. The “mCartSB” is not a standalone software product or web application, rather an integration component WebReDesignMiami.com and affiliate Web3.0DesignMiami.com offer their website design and online merchant ecommerce clients to extend their web marketing reach. The mCartSB mCommerce mini-cart mashup is to serve as an example of how to use the Mobile Web to do big things in small ways.

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