Monster Offers, ZalaPayDaily & Deal Media Sponsor Conference

Monster Offers mobile banking solutions company and Daily Deal aggregator in conjunction with ZalaPay announced their Gold and Platinum sponsorships of the Daily Deal Media Conference. ZalaPay provides financial products designed to address unmet needs in the Daily Deal industry. The Daily Deal Media Conference is a two-day industry conference featuring the leading experts in Social Commerce and hundreds of companies involved in the Daily Deal industry.

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Dollar Financial Opens 400th Company Store

Dollar Financial international diversified financial services company serving primarily unbanked and under-banked consumers for over 30 years, through its subsidiary, The Money Shop, opened its 400th company-operated store. Th tore will offer short-term loans, secured pawn loans, check cashing, gold purchase, Western Union money transfer, foreign exchange, debit cards, and other financial products.

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Diners Club and Russian Standard Meld New Franchise

Diners Club International of Discover Financial and Russian Standard Bank (RSB) forged agreements to form a new Diners Club International franchise in Russia, for which RSB will assume all issuing and acquiring responsibility of the Diners Club brand and business in Russia and Ukraine. Diners Club International is accepted in more than 185 countries and territories, millions of merchant locations and provides access to over 800,000 ATMs. The company offers best-in-class features and benefits and a network of unique customer and merchant services.

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CHINA UNIONPAY AND MASTERCARD Ink Payment GATEWAY AGREEMENT

China UnionPay (UnionPay) and MasterCard Worldwide recently signed a Payment Gateway Service Agreement, allowing MasterCard e-commerce platform to accept UnionPay Cards. Both UnionPay and MasterCard will cooperate to configure their respective systems to equip the MasterCard Payment Gateway with the ability to process transactions made using UnionPay Cards for e-commerce merchants outside of mainland China. UnionPay and MasterCard announced that both parties also signed an Addendum to extend the term of their existing Memorandum of Understanding (MOU) for the establishment of a mutually beneficial relationship to explore future business development. The Addendum and Payment Gateway Service Agreement reinforces UnionPay and MasterCard’s cooperation to provide more efficient and value-added services for cardholders.

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Societe Generale globalizes transfer agency

Societe Generale Securities Services (SGSS) now provides clients with a single platform Transfer Agency solution for investment funds domiciled in Luxembourg or Ireland. This single platform is the latest phase in the development of SGSS’ global Fund Distribution Services offering, providing asset managers with a simpler reporting and follow up with funds domiciled both in Luxembourg and Ireland, where domiciled UCITS funds amount to EUR 2 640 billions and accounted for over 43% of the European UCITS industry total net assets (source EFAMA, 31/12/2010). The platform combines the traditional UCITS strength of the Luxembourg platform with SGSS’ hedge fund specialization in Ireland, providing a powerful service platform for a broad spectrum of funds from alternative funds and alternative UCITS to traditional UCITS products.

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telco Telia Deploys Accumulate m-payments

Accumulate’s mobile security platform “Mobile Everywhere” (ME) is used for securing all mobile transactions and for the enabling of mobile services as a integrated part of the PayEx mobile payment solutions and its Telia branded mobile payment service. With this, the “SMS Premium” solution provided by Accumulate allows payments for ticketing, music and purchase of goods in vending machines and person-to-person money transfer. It can allow more payment options and other mobile services, and this without having the end user to re-download, re-install and reactivate their mobile application. It gives users access to mobile payments; mobile banking; ticketing, coupons, loyalty and membership points; and online card transactions.

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Reserve Bank of Australia Initiates Payment Innovation Consultation

The Reserve Bank of Australia is launching the formal consultation phase of its Strategic Review of Innovation in the Payments System to identify areas in which innovation in the Australian payments system may be improved through more effective co-operation between stakeholders and regulators. It is taking a medium-term perspective, looking at trends and developments overseas in payment systems and at possible gaps in the Australian payments system that might need to be filled through innovation over the next five to ten years. The Bank has since been gathering preliminary input through informal discussions with a wide range of interested parties, conducted a survey of consumer payment patterns and is participating in an international study of retail payments innovation being undertaken by the Bank for International Settlements.

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Clearstream signs first to implement cross-border settlement

Clearstream has signed the first customer who will explore the full potential of its Cross Border Services (XBS) offering, the first pan-European cross-border settlement solution in central bank money. The XBS service suite was expanded from over-the-counter (OTC) settlement to the settlement of trades from selected stock exchanges. biw Bank für Investments und Wertpapiere AG is now a market maker at Wiener Börse AG using Clearstream Banking Frankfurt (CBF), the German central securities depository (CSD), as settlement agent. More than 80 Clearstream customers around Europe already use components of the XBS service. In line with customer demand, the initial focus of the XBS offering is on selected international markets that represent roughly 70% of the European cross-border settlement flows.

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Borsa Italiana appoints new board

The Shareholder Meeting of Borsa Italiana has appointed the new Board of Directors for the period 2011-2014 which is composed of Nicolas Bertrand, Gian Luca Bolengo, Janet Cohen, Alessandro Decio, Alessandro Di Michele, Carmine Di Noia, Raffaele Jerusalmi, Marina Forquet Famiglietti, Massimo Mocio, Pietro Sella, Antoine Shagoury, Massimo Tononi. The Shareholder Meeting of Borsa Italiana has also appointed the Board of Auditors composed of Roberto Ruozi (Chairman), Giuseppe Levi and Mauro Coazzoli (Active Statutory Auditors), Arturo Sanguinetti and Nicola Frangi (Substitute Statutory Auditors). Later the Board of Directors of Borsa Italiana appointed Massimo Tononi1 Chairman of the Company and confirmed Janet Cohen Vice President and Raffele Jerusalmi CEO. The Board of Directors of Borsa Italiana has appointed a new Nomination Committee, composed of Janet Cohen, Pietro Sella e Massimo Tononi. And a new Consultation Committee composed of Giorgio Basile, Giampio Bracchi, Fabio Galli, Lucrezia Geraci, Gianluca Gugliotta, Giovanni Sabatini.

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Javelin Awards Top Identity Fraud-Preventing Card Issuers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In the wake of the Citi card breach-wherein about 3,400 accounts were accessed and $2.7 million was stolen- there are some revealing new findings out on the top 23 card issuers. Ranking these card issuers on its “Prevention, Detection and Resolution” fraud model, Javelin made available its “Seventh Annual Card Issuer’s…

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AmEx Offers Facebook Ads for Membership Rewards Points

American Express is now allowing Cardmembers to pay for Facebook Ads using Membership Rewards points, marking the first time any company has connected a rewards program to advertising spend in this way. American Express’ industry-leading Membership Rewards program is a featured benefit used by millions of American Express small business and consumer Cardmembers. Facebook is the most popular social media site for small business owners,1 and Facebook’s advertising platform reaches more than 500 million people globally. With the addition of Membership Rewards points as a payment option, business owners now have a powerful new way to build their businesses through the rapidly growing area of social media advertising.

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Inside Secure and ZTE Deploy mobile NFC

Inside Secure semiconductor solutions for secure transactions has expanded its partnership with ZTE Corporation to integrate Inside’s NFC technology into ZTE’s GSM and next-generation TD-SCDMA smartphone platform, which is based on the Android OS. The NFC solution INSIDE and ZTE is based on the INSIDE “MicroRead” NFC controller and the companion “Open NFC” protocol stack. It will enable consumers in China and elsewhere to use ZTE 3G smartphones for a broad range of secure NFC applications, including payments, transportation, loyalty, ticketing and access control.

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