WJ Onahan School Wins Discover $25K School Giveaway

Discover announced that the WJ Onahan School won its $25,000 School Giveaway contest for having received the most votes out of more than 2,900 schools nominated. This after Discover gave its Facebook fans the opportunity to nominate their favorite public school (K-12) for a chance to win $25,000. Each fan could cast one vote each day throughout the contest period. The Onahan School received the most votes, winning $25,000 to use on books, supplies, technology and other much-needed items. Discover’s School Giveaway contest is an extension of its year-long “Everyday Giveaway” sweepstakes program.

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Bankers’ Bank to Implement Aptys unified payment

Bankers’ Bank has signed on with Aptys Solutions payments network provider to use the company’s image exchange and “Active Archive” modules within “PayLogics” common platform, supporting all aspects of payment processing. The platform supports image exchange, ACH processing, wire processing, payments archive, Federal Reserve messages, least cost routing, in-network exchange (INEX) payment processing and mobile payments. Bankers’ Bank is utilizing PayLOGICS’ image exchange and “Active Archive” components to leverage access to enterprise-wide payments data and analytics, which was selected based on its unified payments technology.

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VSoft to Implement Mitek mobile remote deposit

VSoft Corporation has partnered with Mitek Systems mobile imaging applications to launch the latter’s “Mobile Deposit.” Appealing to financial institutions on the “Agile Mobile Capture” solution, the partnership will further improve consumers’ ability to deposit checks using smartphone and tablet cameras, including Apple iPhone, RIM BlackBerry and Google Android devices. Mitek, which specializes in smartphone cameras for check deposits, bill payments and ACH enrollments, will implement its advanced image analytics and mobile image-quality assessment (IQA) tests for real-time feedback to mobile users to ensure quality images and high rates of completion for VSoft’s financial institution clients.

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iPayment Announces Refinancing for Capital Structure & Long-Term

iPayment has completed the last step under its previously announced comprehensive refinancing in which it has redeemed the equity interests of Gregory Daily, iPayment’s former Chairman and Chief Executive Officer, and entities controlled by him or in trust for the benefit of his family members. Through the redemption agreement Mr. Daily entered into non-competition and non-solicitation covenants under which he has agreed not to compete with iPayment and not to solicit employees, sales agents, independent sales groups and merchant customers of iPayment. Carl Grimstad, who is currently President of iPayment, became the Company’s Chairman and Chief Executive Officer and iPayment’s primary shareholder.

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Cinterion and TZ Medical Launch Heart Monitoring M2M Device

Cinterion cellular machine-to-machine (M2M) communication modules and a Gemalto company partnered with TZ Medical critical-care medical products to introduce the “Aera-CT” mHealth heart arrhythmia monitoring device. Equipped with the Cinterion “MC75i” module, the “Aera-CT” is expected to be commercially available in North America in 3Q/11. The Cinterion-enabled “Aera-CT” improves the ability to rapidly detect heart arrhythmias during normal day-to-day activities and over long periods of time. Designed for ease-of-use and comfort, the discreet device is placed on the patient with as few as three electrodes.

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United Bank Card Intros Free ECR Program

United Bank Card has launched its next generation of its free electronic cash register (ECR) program, featuring software enhancements and a monetary bonus for the company’s sales partners. UBC’s in-house gift card program allow ECR merchants to take advantage of 50 free custom gift cards and a 60 day free trial and process these gift cards directly through their cash register. The software has also been optimized for faster and more reliable operation, providing the best user experience possible for our merchant customers. Merchants are able to easily customize their ECR’s keypad using UBC’s simple online wizard.

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Bellco Credit Union Enhances Online Business Banking

Bellco Credit Union announced new online security features and streamlined banking and reporting tools for its more than 4,700 business members. Over the past 12 months, online banking demand has increased 45% for Bellco business members as measured by transaction volume. New online business banking functionality enables members to capitalize on 24/7 secure online access to manage their transactions, access historical and trend reports, and confidently upload financial and employee records without fear of data or identity theft. Online business banking continues to offer the credit union members quick and easy, around-the-clock access to a full range of reporting tools and business banking services. These improvements include Check imaging, eStatements, Funds transfer and its Business credit card.

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Starbucks UK to Launch contactless pilot with Barclaycard

Starbucks has signed a deal with Barclaycard and Visa Europe to make available contactless payments in its coffee shops, allowing customers in selected stores to pay by holding their contactless credit or debit card to a payment terminal. Subject to a successful initial pilot of contactless in Starbucks shops, the technology will roll out across the bulk of Starbucks coffeehouses in the UK and Ireland. Starbucks joins a number of high street retailers in announcing the introduction of the payment technology. Barclaycard has led the industry on rolling out contactless payment terminals and together with Barclays have issued over 80 per cent of the contactless-enabled credit and debit cards in the UK.

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Queensland Teachers’ Credit Union Implements Fiserv

Queensland Teachers’ Credit Union (QTCU) has selected “Aperio” customer channel management from Fiserv financial services technology solutions and “Teller” multi-currency, full-function, branch tellering and transaction processing solution. The implementation of “Aperio” and “Teller for Signature” will present QTCU with the opportunity for immediate benefits in terms of increased efficiency and enhanced member experience. Also, Aperio provides a business process-driven solution that will increase the efficiency and productivity of QTCU’s staff and provide intelligent prompts for more relevant interactions with its members. Teller for Signature is the multi-currency, full-function, branch tellering and transaction processing solution built around an easy-to-use graphical interface and provides efficient management of cash and transaction activities, deposits, withdrawals, transfers, currency exchange and general ledger transactions.

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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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