PayPoint Appoints New Managing Director

Seamus Smith has been appointed Managing Director with PayPoint UK. To focus on the UK and Irish retail network business, Seamus brings to PayPoint a wealth experience, most recently seasoned as Vice President & General Manager, EMEA for American Express Global Network Services (GNS). He has previously worked for GE Capital Consumer Financial Services and the Automobile Association and he holds an MBA from Henley Management College.

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Bank of Canada unveils polymer bank notes

The Bank of Canada unveiled a new polymer bank note series at its head office in Ottawa. Information on the polymer material and advanced new security features was released, along with the images and designs of the soon-to-be-issued $100 and $50 bank notes, and the themes for the remaining notes in the series. The $100 note will be issued in November 2011 and features images that focus on Canadian innovations in the field of medicine. The $50 note will be issued in March of 2012 and features images of the Canadian Coast Guard Ship Amundsen in the North.

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Western Union Business Solutions Expands

Western Union global payment services is set to launch its international business payments service in Peru thanks to agreements with A. Serviban S.A. veteran Agent for consumer money transfer services. Western Union Business Solutions provides cross-border business payments and foreign exchange solutions to small and medium sized businesses (SMEs). The global cross-border SME payments market is estimated to be similar in size to the consumer cross-border remittance market, with estimated global revenues of over $20 billion. By adding Western Union Business Solutions to its product portfolio, Serviban can offer SMEs service delivery for global business payments at competitive exchange rates to over 200 countries and territories.

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Blancco Facilitates Storage System Erasure in Live Storage

Blancco data erasure and end-of-lifecycle solutions launched its latest solution for the secure erasure of data within live storage environments. With worldwide revenue from public IT cloud services forecast to reach US$55.5 billion by 2014,[1] data centres will be entrusted with more information than ever before. In this rapidly emerging cloud computing environment, data centres need secure, cost-effective options for reusing enterprise storage systems without rebuilding them. For safe reuse of these costly and complex systems, Blancco offers LUN Eraser, a centralized tool that can erase logical drives like LUNs in a live storage environment where the host computer cannot be rebooted.

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EDB ErgoGroup to Launch keyless m-banking Transfer

Allowing customers to pay bills and transfer money from their mobile phone with almost no need to key in information, EDB ErgoGroup has been working for some time on developing the next generation of internet banking for mobile phones. The new solution, known as Mobilbank 2, has been developed to anticipate the way that that EDB ErgoGroup expects customers to use their handheld devices looking 2-3 years ahead. The company’s work anticipates the rapid spread of handheld devices. It uses graphic elements and visualisation to give banking customers an entirely new experience of mobile banking. EDB ErgoGroup has chosen to turn its back on the most widespread approach to development in this area over recent years, which has involved adapting “native apps” for handheld devices. It has instead developed Mobilbank 2 as a web application based on web technology using HTML5. This makes it possible to develop a single solution for all types of mobile phone. It has also made it possible to develop an entirely new user interface.

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Value-Based Card Pricing vs. Cost-Based/Market-Based Pricing

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] It appears that credit card industry opponents are winning some early battles: several major players have begun to lower card prices. While it is true that some issuers are presently offering special cardholder price discounting – no fees, low interest and balance transfers to raid competitors – none of these are…

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TSYS Examines Consumer Debit Behavior

Reportedly, debit is the preferred consumer payment type while checks are largely a thing of the past in most point-of-sale locations and cash is the primary fall-back tender type chosen by those respondents who indicated they would reduce or completely stop using their debit cards if they were charged fees. This from TSYS, which released its “TSYS & Mercator Advisory Group Debit Survey 2011,” the first in a two-part research effort focusing on consumer use and preferences for debit relative to other payment types to identify current and potential future consumer payment preferences. The second phase of the research will include four in-person focus groups conducted in two cities. These focus groups will provide an additional layer of validation as well as help understand why consumers make certain decisions.

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Cardlytics CEO Presenting At Morgan Keegan Conference

Cardlytics CEO Scott Grimes is set to present at the Morgan Keegan “Half Moon Bay Tech Conference.” The three-day private gathering of exclusively selected executives from more than 120 leading companies that pave the way in the technology industry. The event is held June 20-21, 2011 and includes captivating presentations, one-on-one meetings and social events. Attendees of the event include CEOs of late-stage technology companies, corporate development executives from leading companies and distinguished private equity and venture capital investors.

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Citi Invests in Mobile Billing Market

Citi Ventures of Citigroup made a strategic investment in Billing Revolution mobile payments provider, following its sponsorship of Billing Revolution’s “Single-Click Checkout” cross-platform, low-friction mobile billing service. Citi’s Global Enterprise Payments group was recently created to develop comprehensive institution-to-consumer and consumer-to-institution payments solutions for the world’s largest global corporations, financial institutions, and governments. Citi Ventures sources, qualifies, invests in and teams with cutting-edge companies to provide competitive advantages to Citi’s global business units and to give Citi customers new, secure and frictionless services designed around their increasingly digital and mobile lives.

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Park Community Federal Adds VSoft Branch Item Capture

Park Community Federal Credit Union is set to deploy the VSoft branch item capture solution. Enhancing check processing flexibility and accuracy across the 13-branch network, the credit union will leverage the branch item capture through VSoft’s “VServe” global data center. The branch item capture solution captures deposit images, identifies amounts and balances transitions at the teller line to reduce errors and decrease costs. Automated amount and MICR line recognition improve the precision and speed of transaction processing. Park Community will benefit from the high capacity network systems and reliable infrastructure of VServe, which delivers VSoft’s scalable solutions either as an ASP or hosted model.

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Naratte pushes ultrasound for mobile NFC payments

Naratte can now provide the benefits of NFC with ultrasonic technology by using the speaker and microphone already found on mobile devices with its “Zoosh” software. Communicating inaudible frequencies, it mimics the communication between frogs, dolphins and other animals. Engineered to be low cost, fast, secure and reliable, “Zoosh” can be instantly deployed on iPhones, Android phones, tablets and even feature phones. It requires no network connection and has no interoperability issues. Zoosh is architected to be safe for mobile payments by implementing security techniques such as creating a unique and perishable transaction IDs.

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Payzone appoints managing director

Payzone UK consumer payments network appointed Gary Jennison as its new Managing Director. Bringing with him over 30 years’ experience in the financial sector with prominent marketing, sales and directorial roles, Jennison is well seasoned to play the part. Payzone is set for the deployment of a new debit and credit card acceptance terminal and the expansion of its prepaid range following the launch of the first Payzone prepaid card in partnership with Lycamoney earlier in the year.

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