Contis invests GBP2mm in pre-paid card program

Contis Group online banking and prepaid card technologies and services to major global banking and retail brands, has committed to the prepaid card market by commencing an investment program of GBP2million. The investment will ensure Contis is best positioned to take advantage of developments in payment processing and the advancements in cloud computing and SMART phone technology. The end-to-end service provider in the prepaid card industry offers payments technology commissioned by banks, retailers and financial services giants.

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sQuid launch online restaurant pre-ordering/pre-pay

sQuid the ePayments provider has launched a new product that enables customers to pre-order food, drink and other products and services online. Online payments combined with loyalty enable a compelling proposition for scheme operators and consumers alike. Catering staff upload menu items easily to their own dedicated web page, where customers can pre-order online. Customer purchases are automatically printed on a compact printer in the kitchen, the food is prepared with customers collecting their orders during their lunch breaks.

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SoundBite Communications Level 1 PCI DSS Certified

SoundBite Communications extended its certification as a Level 1 service provider, compliant with PCI DSS to include its datacenter and UK-based operations, the highest level of scrutiny available for PCI-compliant organizations. With PCI DSS certification in Europe, SoundBite provides fully-secure services to European partners and clients in financial services, telecommunications, retail, utilities and other industries. SoundBite expanded its global presence in 2010 by establishing a wholly-owned subsidiary in the UK.

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FNDS3000 CORP EXECUTIVE SPEAKING at PAYMENTS Conference

FNDS3000 Corp international prepaid processing company currently introducing electronic payment solutions to the South African market, announced that Robert Klein, Country CEO South Africa, is scheduled to be a speaker at “Payments – Southern African Conference and Exhibition.” The conference will take place on August 2 – 4, 2011, at the Emperors Palace, Kempton Park in Johannesburg, South Africa. The three day conference will feature over 30 speakers, 10 panelists and case studies focusing on the challenges and opportunities in the Southern African Development Community “payment industry” landscape. Topics will include payment innovation, payment instruments such as cash, checks, cards and mobile, payment integration and regulation, compliance and risk. Mr. Klein has been invited to lead the discussion on the topic – “Prepaid Cards – a global phenomenon.”

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Corporate Use of Prepaid Cards to Explode

VRL Financial News Cards International and Electronic Payments International information services will be releasing exclusive research at Prepaid Summit: Europe 2011 to analyse the benefits of prepaid cards in the workplace. VRL Financial News market intelligence in financial services commissioned the research, which will be carried out by TNS, to better understand how employers can effectively execute prepaid cards in a corporate environment. The summit will analyse how the new payments landscape is emerging, and why prepaid programmes have a vital role in meeting the evolving needs of the consumer. The prepaid cards are also taking off in Eastern Europe where they are being used as a cost effective alternative to debit cards.

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JMango and SPS to Deploy P2P m-payments

International mobile solutions firm JMango and electronic payments solutions firm Strategic Payments Services (SPS) have announced a partnership to offer mobile money remittance solution. The PCI-DSS compliant solutions lets anyone cash out mobile payments from their peers via ATM’s. Senders simply need to register for an account with their bank and send payments to a mobile device over SMS, data or even through the new BUMP technology. Once the funds have been sent, the recipient will receive a special transaction number and PIN in their mobile device that will allow them to withdraw the funds from an ATM, all without the need of a bank account or an ATM card. The recipient does not even need the app to be installed in their phone, as the codes can be pushed to their mobile device via SMS. JMango is an international mobile company that provides secure end to end mobile solutions in the fields of mobile money remittance, mobile banking and mobile commerce while SPS is prominent in electronic payment processing services market.

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Indian Smart Card Market Slated to Explode

According to the research report, “Indian Payment Card Market Forecast to 2012”, Indian payment card market has been continuously booming and is offering huge opportunities to both existing as well as new market players. The industry is continuously witnessing new developments with growing consumer preferences and rising middle-class base. Moreover, rising number of internet users and increasing availability of online transaction system will further boost the number of debit cards issued by the banks, which is forecasted to surge at a CAGR of 25% during FY2011-2013.

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MoneyGram Posts 2Q/11 Revenue Up 9% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MoneyGram International global payment services company 2Q/11 saw revenue increase 9% to $310.0 million from the year ago figure of $283.9 million while transaction volume was up 15% and money transfer fee was up 11%. This was due in part to global agent locations having grown from the year ago period…

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Visa Fiscal 3Q Net Income up 23% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa announced financial results for the Company’s fiscal 3Q/11, with a net income of $883 million for an increase of 23% over the prior year. Payments volume growth for the three months ended March 31, 2011, on which fiscal third quarter service revenue is recognized, was a positive 13% over the…

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American Express & vente-privee.com Appoint CEO

Mike Steib is to take over as the Chief Executive Officer for an American Express JV with vente-privee.com. Bringing vente-privee.com’s online store for luxury goods and lifestyle products to the U.S. market, Steib will work to leverage the assets and long-standing relationships of both American Express and vente-privee.com to build the joint venture into a leader in the U.S. online private sales market. Most recently as Director of Video Advertising for Google’s Americas Operations, also on his resume is Director of Video Advertising for the Americas region at Google, the General Manager of Strategic Ventures at NBC Universal and vice president in the NBC Corporate Development. Steib holds three digital media patents and is a graduate of the University of Pennsylvania.

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Jumio Introduces Online Card Present Transactions

Jumio unveiled its “Netswipe” technology solution for businesses to increase security and ease of use for online and mobile credit card payments. Turning any webcam into a secure credit card reader that allows merchants to more easily and efficiently accept payments online, “Netswipe” touts online card-present-transaction capabilities, allowing the user to check just like at the point of sale POS. To complete a transaction, consumers briefly hold their credit card in front of their webcam through secure videostreaming, allowing credit card details recognized and verfied.

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