MoneyGram International Expands Presence, Appoints Mgr

MoneyGram International has opened an office in Manila, the company’s first in the Philippines, appointing Alex Chan Lim country manager. He will lead in-country business efforts and focus on managing relationships and growing MoneyGram’s network, products and market share. He will be representing MoneyGram amongst regulators and building relationships within the government agencies that support and manage the Overseas Filipino Workers. Lim will also develop corridor plans with the send markets to tap the tremendous potential that is available globally. MoneyGram’s international service in the Country is offered through partnerships with BDO and SM Malls, Cebuana Lhuillier, Kwartagram, M. Lhuillier Financial Services Inc., Palawan Pawnshop, PeraGram and RD Pawnshop.

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MasterCard and Univision Partner to Deliver Prepaid Benefits

MasterCard and Univision Communications, the leading media company serving Hispanic America, announced a partnership with popular Mexican singer-songwriter Paty Cantú to deliver priceless experiences and exclusive access to Univision MasterCard Prepaid Card cardholders. Paty is the new face of the Univision MasterCard Prepaid Card, a card product designed to provide Hispanic consumers with access to a relevant and flexible financial tool that meets their everyday payment needs. In addition to learning about the benefits of prepaid cards, cardholders can also follow Paty as she debuts a solo tour in the U.S. to support her new hit album, Afortunadamente No Eres Tú, and can gain exclusive access to concerts, music downloads and more.

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Datamax-O’Neil Presents Portfolio at BlueStar Events

Datamax-O’Neil partnered with BlueStar in France to present on their latest frquency products. Datamax-O’Neil demonstrated its latest printer solutions, such as the RL4 and the MP Compact4, and introduced resellers to its Valued Partner Program (VPP) for partners in the EMEA region. Datamax-O’Neil initiated the VPP to assist its partners in opening up new sales channels and improving their competitive position. BlueStar radio frequency identification (RFID), automatic identification (AutoID), POS and mobility products invited its partners to the events, which focused primarily on “Mobility Solutions”.

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Crédit Agricole Designates Experian for payments validation

Crédit Agricole CIB selected Experian as its preferred partner to help its corporate banking customers access Experian’s global payment validation and automated data conversion services. With this, Crédit Agricole CIB work with Experian to offer Crédit Agricole CIB’s corporate banking customers access to Experian’s market leading range of global payment validation and automated data conversion services. Clients of Crédit Agricole CIB choosing Experian’s services will be able to validate and convert their existing payment records to the required IBAN and BIC formats across the whole SEPA region.

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Unemployment Inactive As COFs Drop 1% M/M

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] As unemployment sits at 9.1%, stagnant from 9% the month, credit card ABS Chargeoffs dropped 46 basis points (bps) to 7.42% in May for a second consecutive month of improvement to levels not seen since February 2009. With chargeoffs down 33% since the year ago period and down 36% since the…

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First Data Deploys NCR ATM Deposit Technology

First Data Corporation electronic commerce and payment processing certified the NCR “Scalable Deposit Module” (SDM). This allows NCR ATMs equipped with the module available to its ATM outsourcing and ATM driving client base. The NCR SDM technology allows consumers to deposit a stack of cash or multiple checks through a single slot, speeding the transaction and improving the ATM experience for consumers who deposit large volumes. The SDM-enabled ATMs also truncate checks and store them in the safe and use a simple media path that reduces jams and feature LED indicators that make it easier for bank staff to service the module without a maintenance call.

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Chase Card Services Adds EMV Chip Technology

Chase Card Services announced EMV chip technology is now available on a second credit card in the company’s portfolio, the J.P. Morgan Select Visa Signature card. In April, Chase became the first major U.S. bank to produce EMV technology featuring chip-and-signature on its J.P. Morgan Palladium credit card. Both cards provide consumers with better ease-of-use and stronger security while traveling abroad. The J.P. Morgan Select credit card with chip-and-signature technology features both an embedded encrypted chip and traditional magnetic strip to accommodate merchants in the United States. The embedded microchip of chip-and-signature makes the card extremely difficult to copy because the encrypted chip enables the safer processing and storing of data.

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CPI Card & NXP Semiconductors Launches Dual Interface EMV

CPI has chosen NXP’s payment solution for its latest dual interface product to facilitate the migration to EMV systems in North America. This provides an opportunity for banks to provide additional consumers advanced services and applications. The CPI qualified solution is based on the NXP SmartMX dual interface solution with 12K EEPROM memory. NXP’s portfolio of SmartMX products has been vetted by independent evaluation labs in numerous Common Criteria and EMVCo certifications. The devices feature advanced security concepts including the patented GlueLogic design methodology, dedicated hardware firewalls to protect software and data, and a comprehensive suite of technologies addressing attack scenarios with light and lasers.

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HFTP Joins PCI Security Standards Council

Hospitality Financial and Technology Professionals (HFTP) has joined the PCI Security Standards Council as a new participating organization to work in conjunction to evolve PCI DSS and other payment card data protection standards. With this, HFTP will now have access to the latest payment card security standards from the Council, be able to provide feedback on the standards and become part of a growing community that now includes more than 600 organizations. In an era of increasingly sophisticated attacks on systems, adhering to the PCI DSS represents an entity’s best protection against data criminals, to which HFTP can now add its voice.

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Ukash MasterCard converts e-money to cash

Ukash Global eMoney network has launched its “UkashOut” MasterCard, letting users convert their electronic money back to cash safely and securely. With UkashOut MasterCard, consumers can “close the loop” on eMoney payments by loading their cash onto a UkashOut MasterCard using their Ukash vouchers. This lets them use the prepaid, reloadable card to get cash out from any ATM with the MasterCard logo and for purchases anywhere MasterCard is accepted. The “UkashOut MasterCard” can only be bought and loaded with Ukash vouchers, which can be obtained with cash from over 420,000 points of sale across six continents.

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Prepaid Press Announces Conference Speakers

The Prepaid Press Expo announced its speakers for its “Prepaid Press Expo ’11” in Las Vegas August 15-17. They include individuals from the Discover Network, Sprint, InComm, PayPal, NetworkIP, Mercator Advisory Group, Lunex Telecom, Callture, Impact Mobile, CHARGE Anywhere and many others. Each day of the three-day conference will kick off with a Keynote Address, followed by a lively interactive Town Hall meeting, with full audience participation between the Keynote Speaker and industry leaders.

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BluePay Launches Merchant Account Terminal Program

BluePay secure payment processing solutions is making it easier for new merchants to get started by offering a free merchant account terminal program, allowing them to save money and benefit from low transaction fees; increased sales, online account management and PCI compliance. The BluePay POS processing equipment is ideal for retail merchants while virtual terminals allow merchants to manually enter credit card information from any computer with an Internet connection. Additional BluePay software and account integration includes electronic invoicing and recurring billing, pay at the pump processing, B2B capabilities and more.

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