South Florida Wells Fargo-Wachovia Conversion Complete

More than 300 Wachovia banking locations across the southern half of Florida became Wells Fargo stores following the conversion of locations in the north, central, and greater Tampa area of Florida last month. Now over 70 million Wells Fargo customers can access nearly 700 Wells Fargo stores and more than 900 ATMs throughout Florida while the Bank added more than 1,500 new jobs across the state. For instance, the Wells Fargo ExpressSend distribution network includes more than 27,000 remittance payout locations with 26 remittance companies located in Argentina, Bolivia, Colombia, Dominical Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, and Peru.

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Corporate Insight Launches monthly small business credit card evaluation

Corporate Insight research reports focusing on the credit and charge card offerings currently available to small business owners will now evaluate the current card products and online services provided for small business clients through its new Small Business Card Monitor subscription service. The series launches with a detailed overview of the attributes, rewards and annual fees of the 53 small business cards now offered by American Express, Bank of America, Capital One, Chase, Citibank, Discover, U.S. Bank and Wells Fargo. Moreover, about 50% of all U.S. employees work for a small business and small businesses pay 44% of the nonfarm U.S. private payroll. It is up to credit card companies to provide these businesses with tools and rewards that best suit the need of each individual business. Corporate Insight currently provides a comprehensive selection of syndicated research to 90% of the top financial services companies within the Fortune 500, representing 70% of the brokerage industry and 60% of US banking assets.

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Fifth Third Opens First Green Banking Center in North Carolina

Fifth Third formally announces the opening of its Wilkinson Banking Center located at 2752 Ashley Road in Charlotte, North Carolina. The Wilkinson Banking Center is Fifth Third’s first green banking center in its North Carolina market and its second facility in its 12-state footprint. The Company opened its first green location in Orlando, FL, in May of this year. The Wilkinson facility was designed to use less energy and water than standard buildings and incorporates a number of environmentally-advanced features that lessen its impact on the environment. The facility will pursue Silver recognition under the Leadership in Energy and Environmental Design (LEED) standards set by the U.S. Green Building Council.

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Sourcefire Addresses New PCI Requirements on Virtual Systems

Sourcefire cybersecurity solutions, announced that senior security experts from Sourcefire, Citrix and VMware will present a webinar to discuss the impact of the new PCI Security Standards Council guidelines on customers. The companies will leverage their experience in the security industry and the PCI Council’s Virtualization Special Interest Group (SIG) to provide recommendations for addressing new and more specific PCI security guidelines within virtual environments. Sourcefire also recently published a report to help customers understand the PCI Council’s new virtualization guidelines. The report explains key PCI requirements affected by virtualization and offers a three-step process for security and virtualization teams to achieve compliance for virtualized platforms.

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Xpress Money Expands Service Footprint Internationally

Xpress Money global instant money transfer announced tie-ups with Vietnam International Bank (VIB) and DongA Commercial Joint Stock Bank. VIB has earned the title of ‘The Bank with Most Satisfying Retailing Services’ and this new agreement with Xpress Money offers overseas workers the advantage of sending money to their dependants to 130 locations in Vietnam. The beneficiaries can collect the money in US Dollars. DongA Commercial Joint Stock Bank has won the accolade of ‘Vietnam Excellent Brand Award 2010’ presented by Vietnam Economy Times. The agreement brings about the special feature of home delivery of remittances in addition to the already existing counter pick up of instant money transfer services in Vietnam. The beneficiaries also have a choice to collect the remittance in US Dollars, Vietnamese Dong or Euro currency from any of the more than 200 locations of the bank. DongA’s service network covers 61 cities & provinces of Vietnam.

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Union Bank of India and ElectraCard Services Ink Partnership

ElectraCard Services software solutions for electronic payment systems set up an electronic internet payment gateway with its “electraECOMM” solution for Union Bank of India. The ECS “electraECOMM” is a highly secure, online, real time payment processing solution, supporting all major credit and debit cards from global payment processing networks and multiple currencies and will be deployed alongside “electraSECURE” for safe online transactions. ElectraCard Services will host the payment gateway and merchant management systems for Union Bank of India from its state-of-the-art data centre in Mumbai.

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Gemalto Releases the 2011 eBanking Security Guide

Gemalto digital security launched its 2011 eBanking Security Guide ten-step guidebook for securing online banking offers North American banks a reliable and strategic solution to meet Federal Financial Institutions Examination Council’s (FFIEC) guidance. Gemalto’s eBanking Security Guide is free of charge and illustrates, step-by-step, how banks best address the new landscape of layered security, risk-based authentication and dynamic transaction verification. Gemalto’s Ezio solution suite is globally proven with over 50 million Ezio devices delivered worldwide, which is equipped with advanced mitigation methods protecting against various fraud, such as Man-in-the-Middle and Man-in-the-Browser attacks, for retail and corporate eBanking applications, as well as eCommerce services.

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Monitise Year-End June 30 Up 100% Y/Y

Monitise mobile banking, payments and commerce networks worldwide, announces its unaudited pre-close trading update following its 30 June financial year-end, with expected full-year revenues of approximately GBP14 million ($22 million), more than double the GBP6 million ($10 million) reported last year, and with a year-end annualized revenue run rate in excess of GBP20 million ($32 million). Growth across live mobile banking and payments services continues, with Monitise now handling more than 10 million banking transactions a month, including 100,000 account transfers and mobile payments per week with an average monthly value of more than GBP100 million. Finally, total Monitise registered customers are approaching 4.5 million, more than double the level seen a year ago.

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First Atlantic & Scotiabank deliver online payment for Air Turks & Caicos

First Atlantic Commerce (FAC) global online payment solutions is now processing all online credit card payments for Air Turks & Caicos, The National Flag carrier of the Turks and Caicos. The FAC PCI-certified, online payment solutions provider dedicated to providing businesses around the world with custom, multi-currency payment and fraud management solutions and was selected by Air Turks & Caicos as its electronic payments partner in conjunction with Scotiabank Turks & Caicos and Radixx International to enable the airline’s passengers to book and pay online for their travel. FAC, which is integrated to Radixx, processes the credit card payment through its gateway and sales are settled in Air Turks & Caicos’ merchant account at Scotiabank.

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Ground Labs and Veritape Partner, Meet PCI DSS

Veritape and Ground Labs are pleased to announce a partnership which will improve PCI DSS compliance for call center customers. Ground Labs is renowned for Card Recon and Enterprise Recon, its cardholder data discovery software solutions for PCI DSS compliance. UK-based Veritape is a leader in the field of contact center PCI DSS compliance for call recordings, through its CallGuard products. The partnership will ensure that customers of both organizations will be able to further descope their call center operations from PCI compliance and remove card data from their environment. CallGuard, introduced to the market in 2010, has proven to be a significant development in the area of PCI DSS compliance for recorded telephone calls. It works with any call recording system and makes recorded calls fully PCI DSS compliant by removing sensitive cardholder data.

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Consumer Credit Card Performance Ends 1H/11 on High Note

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Defaults, delinquency and charge-offs all continued forward momentum from May into June and the 2H/11. U.S credit card defaults are now at the lowest level since early-2008 while delinquencies are at the lowest level in four years. With this, the Fitch Prime Credit Card Chargeoff Index for June was down 13…

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Prime Credit Payment Rate, Retail Payment Increases in June

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Prime monthly payment rate (MPR) was up 1.36% in June to 21.40% during the month after falling nearly 5bps in May. Meanwhile, on the retail credit card index, MPR was flat with a marginal drop to 14.27%, pushing it back under the historical average of 16.21% for the fourth time…

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