Accusol rollsout accurate processing

Accusol Technologies global enterprise solutions’ background in developing business softwares for clients across the globe now allows it to offers wide range of solutions and services catering to Small and Mid-sized Enterprises across diverse industry sectors. These solutions include ERP, CRM, and Payroll, Retail & POS systems besides tailor-made solutions for different industry verticals. This addresses process and reporting requirements in Financial Accounting, Sales and Distribution, Procurement, Inventory Management, Manufacturing and Quality Control and Maintenance. Its “eLitePOS” comes with a wide range of functions from Front-office sales/order booking to complete back-office integration and control which enables you to enhance efficiencies of your staff as well win the heart of your customers leaving competitors far behind.

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Paymotech Partners With Mediamatic Ventures

Paymotech’s Paytoo international mobile platform continues with large-scale ecommerce development by partnering with Mediamatic Ventures. Paytoo service provides mobile customers with access to the latest mobile technology, mobile payment, mobile transfer, NFC, and POS payment through the Paytoo switch. Through its partnership with Mediamatic Ventures, non-banking customers will now be able to rent movies and videos instantly and securely using their Paytoo mobile wallet account at convenient media kiosks. Paytoo’s rapid growth reinforces the company’s commitment to deliver brand innovation to an ever-growing mobile community.

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Euro ATM EMV rollout nears completion

The European ATM Security Team (EAST) has just released a chart showing the impact on ATM related skimming losses of the rollout of EMV (Chip and PIN) at European ATMs, indicating ATM related skimming losses dropped since the 2007 high point. Domestic issuer losses fell by 63 percent from EUR62 million during the first six months of 2006, to a low of EUR23 million during the second six months of 2010. International losses increased by 201% in 2007 from EUR93 million during the first six months of the year, to EUR280 million during the second six months.

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Chase Upgrades Amazon.com Rewards Visa Card

Chase Card Services and Amazon.com launched a feature on the Amazon.com Rewards Visa Card that provides cardmembers the opportunity to use rewards points to pay on Amazon.com. Cardmembers may now use Amazon Shop with Points to redeem rewards points at checkout. Each point cardmembers earn can be redeemed for one cent, meaning 100 points can be redeemed for one dollar. The Amazon.com Rewards Card from Chase offers cardmembers three points for every $1 spent on Amazon.com purchases; two points for every eligible $1 spent on gas, restaurants, drug stores and office supply stores; and one point for every $1 spent everywhere else. There is no expiration date on points and no cap on the number of points earned.

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Major ATM Networks Certify NCR Deposit TechnologySDM

NCR Corporation furthered the adoption of its “Scalable Deposit Module” (SDM) technology, making automated deposits at the ATM twice as fast, with major ATM networks having completed SDM certification testing. Establishing the new technology as compatible with key software systems, this step confirms banks are gravitating toward SDM because it offers much quicker ATM transactions. Consumers can deposit up to a total of 50 checks and notes in a single bunch with SDM, which works with the NCR SelfServ 30 series of ATMs. Since introducing SDM in the U.S. in October 2010, NCR customers have placed orders for nearly 7,000 units.

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American Express and foursquare Debut Partnership

American Express and foursquare officially partnered, allowing American Express Cardmembers who link their foursquare profiles to their cards to “load” and seamlessly redeem merchant Specials without the need for coupons, special codes, or showing their mobile devices to cashiers. Powered by the American Express Smart Offer APIs, is the first time this technology has been used to allow cardmembers nationwide to take advantage of merchant Specials offered through foursquare in this easy and straightforward way. Cardmembers just visit the secure registration page on the American Express website, link their card to their foursquare profile in order to discover exclusive American Express Specials at foursquare venues, check in to the selected merchant and simply “load” the special to their card. The American Express closed-loop network, which allows the company to directly connect merchants and cardmember spend, lets merchants measure the success of their location-based marketing efforts.

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ABA Joins Push for REASONABLE CREDIT REQUIREMENTS

The American Bankers Association released a statement to the Senate on its position regarding consumer lending. In it, it referenced “The Dodd-Frank Act required regulators to establish a QRM category of loans that would be exempt from risk retention requirements once they are determined to be well-underwritten, low-risk, and high-quality. Unfortunately, the proposal set forth goes far beyond what Congress intended, mandating a minimum 20 percent down payment and severely narrow credit history requirements, restrictions that will shut the door to home ownership for many otherwise qualified buyers. ABA supports sound underwriting and responsible lending practices, and our members work diligently to make responsible credit available to qualified borrowers on fair and reasonable terms. The proposed QRM goes too far in restricting credit, which will harm borrowers and the nation’s fledgling economic recovery.”

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SmartMetric vs Visa & MasterCard Patent Infringement Case

SmartMetric will now pursue its infringers of its Patent based on the recent court ruling on definitions handed down one month ago in the United States District Court. Wells Fargo Bank, J P Morgan Chase Bank, US Bank and Silicon Valley Bank have all announced within the past months the issuance of EMV standard “contact” chip Banking Cards. SmartMetric alleges some of the largest Banks along with Visa are directly infringing the SmartMetric Patent that is already subject to Patent Infringement litigation against Visa and MasterCard. SmartMetric has decided to appeal this one definition interpretation in order for it to move forward with its claims of infringement regarding contactless chip cards, but says the rulings of the court on the other disputed definitions leave no doubt that the newly issued “contact” chip cards by some of the biggest Banks in the United States clearly fall within the definitions of its Patent and the company will pursue all infringements by all parties including Visa and MasterCard.

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USA Technologies to Join Russell Microcap Index

USA Technologies wireless, cashless transactions, associated financial/network services and energy management, is set to join the Russell Microcap Index when Russell Investments reconstitutes its family of U.S. indexes on June 24, 2011. Membership in the Russell Microcap Index remains in place for one year and measures the performance of the microcap segment of the U.S. Equity Market. Russell determines membership for its U.S. equity indexes by objective rules, such as market-capitalization rankings.

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Bluepoint Solutions, Corporate One to Host Webinar

Bluepoint Solutions chief marketing officer and CEO, in conjunction with Corporate One Federal Credit Union senior vice president, is set to host an informational presentation. The webinar will cover how current “IMAGEin” branch capture solution users can continue to leverage industry-leading software support, check processing and clearing services with no disruption to operations or member service. Bluepoint delivers proven technology solutions and consulting services designed to achieve the strategic goals of increased employee productivity, reduced operating costs, and improved customer service. Bluepoint’s family of products and services offer a complete, end-to-end, image-based item capture and payment processing solution.

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Isis Primed to Introduce m-Commerce

Isis mobile commerce joint venture between AT&T Mobility, T-Mobile USA and Verizon Wireless, announced Austin, Texas is among the initial launch markets for the Isis mobile commerce program. Austin merchants and consumers are expected to be among the first in the U.S. to adopt a comprehensive mobile commerce experience in 2012. Starting in the first half of 2012, Austin consumers will be able to use Isis-enabled mobile phones to make POS purchases and redeem offers at participating merchant locations throughout the city.

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