MCB Bank implements Logica Payments Screening

MCB Bank Limited has selected and implemented the Logicaits “HotScan” payments filtering solution. Now using “HotScan” to monitor and filter its SWIFT messages in, MCB has a customer base of approximately four million and a nationwide distribution network of over 1,100 branches and over 450 ATMs in the market. This will also allow MCB regulation compliance and to scan transactions in real-time, to ensure that every payment has received the highest level of compliance verification and achieve end-of-day payments deadlines.

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Consumers 39% More Likely to Manage Card Accounts Online Since 08

Between 2008 and 2010, consumers became 39% more likely to manage their credit card accounts online. In 2010, 61% of consumers used their credit card websites to manage at least some aspect of their credit card accounts while in 2008, just 44% of credit cardholders managed their accounts online. This, according to research recently published in Cardbeat market research, also shows in 2010 consumers were 60% more likely to go online to review recent credit card transactions, versus just 40% in 2008. Further, consumers were twice as likely to go online to order a replacement card (for a card that was lost or stolen) as they were in 2008 (36% vs. 18%).

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Mobile Operators Seriously Lack PCI-DSS Compliance

Research now indicates 25% of mobile network operators are not currently PCI DSS compliant, of which the average cost is approximately $700,000. Meanwhile, annual maintenance for PCI-DSS compliance totals an average of $1,390,000. These findings, according to Vesta Corporation electronic payments, also indicate 35% are unaware of the financial penalties levied for non-compliance by the card associations and only see the greatest risk of non-compliance being the loss of customer confidence. Currently, only 37% of all payments are made with cash or check.

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Telrock Partners to kickoff power utility mobile bill payment

Scottish and Southern Energy energy retailer teamed with Telrock mobile payments to launch technology to revolutionize the way millions of customers manage their energy and telecoms accounts. This allows customers to confirm their energy bill is accurate and make payments directly via their mobile phone as a simple alternative to call-centres, post or internet. To make payments, they simply respond to the payment request directly in the app making payment as quick and simple as the touch of a button. The option is also available for 2-way text messaging as the secure payment mechanism.

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Squid partners to Expand euro-Transaction market

Two innovative UK start-ups responsible for millions of contactless tickets and payments per month have joined forces to create a new European leader in smart transactions. Applied Card Technologies (ACT) and digital payments company sQuid have joined forces under a new corporate umbrella, Smart Transactions Group, in a deal valued at $87 million (£53.3 million). Both companies currently operate contactless smart card-based networks, and now share plans to launch NFC and mobile phone-based solutions in the near future. Smart Transactions Group will have pro-forma 2011 revenues of approximately $15 million (£9.5 million) and its payments revenue, measured on a Total Payment Value (TPV) basis, is growing at a significant double digit monthly rate, while transit transactions are also expected to grow 50% in 2011.

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epay Deploys Microsoft Prepaid Services in EMEA and APAC

epay οf Euronet Worldwide аnԁ a prepaid аnԁ payments processor -n thе U.S. has implemented multi-country agreements w-th Microsoft. Stretching across Europe, thе Middle East аnԁ Asia-Pacific regions, thе agreements allow epay tο discharge Microsoft POS-activated products асrοѕѕ the epay network, consisting of over 278,000
tradesman locations. Consumers саn b…у thе Office 2010 POSA product tο е-thеr clear Office
2010 program already commissioned οn thе-r hardware.

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MASS LAYOFFS CUT 278 MORE JOBS M/M

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Mass layoffs sent 143,927 American workers packing in April, up 278 from March, as employers undertook 1,564 mass pink slip disbursements. Each of these disbursements involved at least 50 workers while 327 mass layoff events were reported in the manufacturing sector. Subsequently, 35,022 initial unemployment claims were filed in April, down…

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RewardsNOW Launches New Online Sweepstakes

RewardsNOW loyalty marketing solutions kicked off its “Points2Win!” online sweepstakes program to enhance loyalty program redemption. With this, RewardsNOW bank clients can now the online sweepstakes in their program for free. Built into the redemption process with participants redeeming a certain number of points per entry to take part in the sweepstakes, “Points2Win!” participants have the chance to win prizes such as a $250 Home Depot gift card, a Broil King gas grill, or a custom built Trek mountain bike.

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Spartanics Kicksoff New Card Manufacturing Solution

Spartanics has made available to plastic card and nameplates manufacturers its “M250 Registration Shear.” Ensuring requirements for extremely accurate registration shearing at high speeds, the Spartanics “M250 Registration Shear” features accurate registration of +/- 0.002 inches (0.0508 mm); touch screen controls for rapid job set up and changeovers; production speeds up to 1200 cuts per hour; automatic stacking of cut parts; software to optimize scrap reduction; and versatile cutting stainless steel, aluminum, PVC or polycarbonates.

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Visa Launches Travel-Themed Facebook App & Campaign

Visa announced a new travel-themed integrated marketing campaign, offering “Memory Mapper” to share their experiences through the introduction of a Facebook application. “Memory Mapper,” which uses Google Maps satellite technology and a consumer’s own photos, videos and captions to chronicle a visual story of their travels for a unique keepsake to share with friends and family, include a national promotion. The “Trip of a Lifetime Sweepstakes” promotion featuring a chance to win $100,000 to experience a dream vacation and national television and digital advertising which bring the Memory Mapper to life by profiling one family’s dream vacation surfing in Tahiti. This lets users upload photos and videos, input the locations in which each image originated, write captions, and add music to create a virtual keepsake of their adventures to share with family and friends via Facebook, email and Twitter.

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Heartland Tip Distribution/Management Platform

Heartland Payment Systems payments processors has made available its “Heartland Tip Manager” service to restaurants. This offers a way to streamline tip distribution management while integrating payroll data, credit card sales and credit card tip data directly from the POS. The “Tip Manager” solution also helps ensure compliance with IRS tip and reporting requirements and company tip policies, allowing restaurant owners to produce specific reports to assist with tip compliance in the event of an IRS audit or investigation and to create tip pool policies that will automate the calculation, distribution and taxation of tips that are shared among indirect tipped employees. Accurate accounting of the amount of tips received by indirect employees will provide the operator with the ability to properly report those cash tips, thereby increasing their wage claims which can result in an increased Federal Insurance Contribution Act (FICA) Tip Credit. The software functions in conjunction with Heartland “PlusOne Payroll” solution.

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FIS Software Introduces Mobile Application

FIS Software end-to-end policy administration systems launched its “ALIS Mobile Application” (AMA) for its Policy Administration System. This extends ALIS functionality, offering agents, financial advisers, and policyholders real-time iPhone, Android, and Blackberry access to application status, account balances, commission payments, and transaction processing. FIS’s AMA offers maximum flexibility with the ability to configure custom handheld applications for each insurer’s specific needs and to access any data element available through ALIS. AMA is compatible with all versions of ALIS. It ultimately Improves efficiencies in back office operations with a reduced need to manually provide key information to agents, financial advisers, and policyholders and reduces interface required to complete transactions.

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