Silicon Labs Combines Voice and M2M Connectivity

Silicon Laboratories high-performance, analog-intensive, mixed-signal ICs announced the next generation of its widely used Si24xx ISOmodem family, offering advanced voice features, lower power, reduced BOM costs and flexible interface options for a wide range of data modem applications. The innovative Si24xx data modem ICs address the need for voice and machine-to-machine (M2M) communications for security and home automation systems, smart utility meters, set-top boxes POS terminals and many other electronics systems that connect to the public switched telephone network (PSTN). Standard DTMF generation and detection and user-programmable tone detection and generation give the Si24xx family the flexibility to support non-standard custom protocols through host software.

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Payvment’s Social Promotion Tools See Quick Return

Sellers using the Payvment Facebook ecommerce platform and free storefront application typically see their first sale come less than three days after launching their store on Facebook. Payvment attributes the quick time to first transaction to the company’s social promotion and discovery features that enable sellers to attract new shoppers to their storefronts within and beyond their fan base. Payvment also announced that over 60,000 active storefronts are using Payvment’s social commerce platform, with approximately 400 new stores opening each day. Payvment also recently launched a new one-click “Promote” button that lets sellers easily share new products and deals with their fan base, and has since seen a 900% increase in products and deals shared each day.

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Harland Financial Sees Strong First Half with Self-Service Suite

For its uMonitor “uBanking” suite, Harland Financial Solutions has signed more than 30 new clients in 1H/11. Letting financial institutions offer online account opening and funding for deposits, consumer loans and mortgages, P2P payments, account transfers, account aggregation, “uBanking” lets banks customize these solutions with their brand and provide a unified experience across all delivery channels. Harland Financial Solutions, Inc. (www.harlandfinancialsolutions.com) supplies software and services to thousands of financial institutions of all sizes, offering its solutions in both an in-house and service bureau environment.

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Direct Capital launches Android app

Direct Capital nationwide provider of business financial services released its Android “FinanceQuote” mobile app. Allowing equipment and technology vendors to instantly quote monthly finance payments to their customers from a mobile device, the “FinanceQuote” app has also been updated and re-released for iPhone/iPad users. For vendors, it offers the option to create quotes based on a customer’s credit, save and view past quotes, and store information to make it easier to send out future quotes.

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IT Governance launches PCI DSS e-learning for staff awareness

IT Governance PCI and information security are reminding organizations that staff awareness of their company’s information security policy is a compulsory requirement of the PCI DSS standard with its newly-designed PCI DSS Online Staff Awareness course which. To help organisations train their staff for as little as GBP45 per single user licence, with bulk discounts available for larger numbers of learners, the PCI DSS Online Staff Awareness course will increase employees’ awareness of the PCI DSS requirements, and will provide clear and simple explanations of what companies and individual employees must do to meet the requirements of the recently released version (v2.0) of the standard.

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App55 and WorldPay team on mobile payment-by-password

Online application provider App55 announced their new venture with WorldPay payment processing to offer retailers the “Card Hub” platform. This allows Retailers to offer their customers secure credit card purchases in-app and from any web-enabled device using just a password. M-commerce continues to establish itself as a major source of online revenue. By the end of 2012, Gartner predicts that 12% of all e-commerce transactions will be mobile. The flexibility of App55’s Card Hub lets retailers include payment-by-password from within their brand for current online business as well mobile and social commerce.

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Banco de Venezuela Wincor Nixdorf ATMs

Wincor Nixdorf received an order to install 145 multifunction ATMs with the Cash/Check Deposit Module (CCDM) at Banco de Venezuela. The Wincor intelligent deposit function allows the deposit of banknotes or checks in bundles and process savings account passbooks in self-service mode. An extensive still image and video monitoring solution documents every step of transactions and thus helps prevent manipulation. Banco de Venezuela decided on the Wincor Nixdorf for its stability and high availability of the pilot systems and the bank’s positive experiences with the Wincor Nixdorf systems it already has installed.

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Promoción y Operación migrates ACI Payment Processing

Promoción y Operación S.A. de C.V. (Prosa) has chosen to migrate the ACI Worldwide “Base24” payments processing system to ACI’s Base24-eps solution. Prosa provides card and payment processing services to 90 banks and financial institutions for transaction switching, processing and settlement across Mexico and Latin America and with the “BASE24-eps” integrated payment processing system can now seamlessly acquire, authenticate, switch and authorizes financial transactions. The “BASE24-eps” provides a full range of functionality to support traditional card, ATM, and bank branch transactions that institutions manage while Prosa has relied on ACI for more than 25 years to support transaction volumes of 1.2 billion per year and drive 37,000 ATMs.

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Citi Expands Global Availability of Virtual Card Accounts

Citigroup Global Transaction Services deployed its “Citi Virtual Card Accounts” (VCA) in South Africa and the United Arab Emirates, as well as the completion of essential enhancements to support clients’ growing use of the VCA solution for Accounts Payable spend and complex vendor payments globally. VCA is a global, electronic payment solution which offers unparalleled security, control, and efficiency using single-use commercial card account numbers. The Citi VCA solution is now available in nearly 60 countries, including 28 with local-currency offerings that span 17 different currencies – among the largest global footprints of any virtual card solution. In the last 12 months, Citi’s VCA global spend volume has tripled.

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FuzeBuy & Omnego Deliver m-Gift Card Solutions

Omnego, a provider of white label mobile wallet and marketing platform solutions, has been selected by FuzeBuy to enable the delivery and redemption of gift cards from consumers’ smartphones. FuzeBuy hosts online shopping carts, fulfills gift card orders and manages loyalty programs for top brands across the nation. FuzeBuy is the newest group within the family of Jet, a national provider of loyalty and gifting production.

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MasterCard 2Q/11 Net Income Up 33% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard posted 2Q/11 net income of $608 million, up 32.8% from the the year-ago period, and net revenue of $1.7 billion, up 22.1% from 2Q/10. With this, cross-border volumes were up 19.3% while processed transactions increased 17.4%. Total operating expenses increased 20.8%, to $782 million, during the second quarter of 2011…

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