MasterCard Names President of DataCash

MasterCard Worldwide announced Ajay Bhalla has been appointed president of DataCash-which MasterCard acquired in 2010- and will now be responsible for all of MasterCard’s Commerce Gateway Services. Bhalla will provide leadership and management for MasterCard’s global end-to-end Gateway processing solutions organizations and the associated DataCash Fraud Tool and Risk Management services. He will be responsible for the profitability of the business, the operations and ongoing business integration, as well as developing the long-term vision, strategies and marketing plans that support global market expansion through new channels and service offerings. Bringing with him over 20 years’ experience in the financial services industry, Bhalla joined MasterCard in 1992 and most recently served as division president for South East and South Asia (SESA) where he introduced PayPass and helped develop the MasterCard Titanium card.

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Telemundo & Western Union Launch Co-Branded MasterCards

Telemundo and its mun2 television channel for young bicultural Hispanics in the U.S. have teamed with Western Union to offer Hispanic consumers in the U.S. two co-branded Western Union, Telemundo and mun2 general purpose reloadable MasterCard prepaid cards. Supported with a national integrated campaign to include television, digital, and direct to consumer marketing efforts, the agreement paves the way for these brands to leverage their presence to better serve Hispanic consumers, the fastest growing consumer segment in the U.S. The co-branded MasterCard prepaid cards will offer consumers flexible and convenient options for loading funds, including Western Union Money Transfer ® transactions. Consumers will be able to reload money in-person at more than 46,000 participating Western Union Agent locations in the U.S., through direct deposit of employer or government benefits, or through their bank account online. Cardholders have the ability to use the cards anywhere Debit MasterCard ® is accepted, including online and at ATMs.

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Billing Revolution raises $6.6mm for M-payments solution

Billing Revolution frictionless mobile payments has been vested $6.6 million in Series B funding, led by global venture capital firm, DCM and SK Telecom Ventures. This will allow mobile users to purchase digital and physical items across all mobile operating systems with a single click, solving an important pain point and adding ease of use for consumers in mobile payments. The PCI compliant platform is in use today and was built by an experienced team that comes from Microsoft, AT&T, T-Mobile, and Nokia to serve the growing demand for Billing Revolution’s Single-Click Checkout.

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WRG updates credit union m-banking

Wescom Resources Group (WRG) technology solutions for credit unions launched its “MemberEdge Mobile Banking 2.0” edition to its suite of mobile applications for credit unions. The “MemberEdge Mobile Banking 2.0” solution expands on the rich feature set of WRG’s Mobile 1.x, adding significant new features, deployed initially on Apple’s iOS operating system. Features include support for integration to a credit union’s social media channels. In addition, the Mobile 2.0 release natively supports Apple’s iPad – taking advantage of the larger screen to provide a more fluid, dynamic navigational flow.

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IronKey Continues Growth in 1Q/11

IronKey data and online access security continued its strong sales, customer, and partner growth leading to a record breaking quarter for the company. During the first quarter of 2011, overall product bookings increased 90% compared to the same period last year. The number of banks using Trusted Access for Banking doubled from the fourth quarter as Gartner reported that crimeware on clients’ computers is now the most alarming threat to online banking executives in the U.S. And to advance IronKey’s strategy of strong growth and address more customers, IronKey added Arrow Electronic in North America and Cohort Technology and Wick Hill Germany in Europe as value added distributors. The first quarter also saw industry veteran Arthur Wong join IronKey as CEO, while Dave Jevans took on the role as IronKey’s chairman of the board of directors.

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TSYS to Host Analyst Presentation in New York

TSYS announced its chairman and chief executive officer and other executives will discuss the company’s operations and business strategy at the upcoming TSYS Analyst Day on May 26 at the Mandarin Oriental New York. TSYS digital commerce connects consumers, merchants, financial institutions, businesses and governments. The Company creates a better experience for buyers and sellers, supporting cross-border payments in more than 85 countries. Offering merchant payment-acceptance solutions as well as services in credit, debit, prepaid, mobile, chip, healthcare, installments, money transfer and more, TSYS makes it possible for those in the global marketplace to conduct safe and secure electronic transactions with trust and convenience.

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Paymetric introduces Data Intercept for SAP customers

Paymetric integrated and secure enterprise payment acceptance solutions has released “Data Intercept for SAP,” leveraging the Company’s “XiSecure On-Demand” tokenization to captures card number from the SAP landscape. The card number is tokenized and the token is returned to SAP where the original payment card field is populated and can be used for authorization. The user experience is seamless, normal workflow can be resumed and day-to-day business activities can be completed using these secure tokens. Data Intercept completely eliminates sensitive cardholder data from being typed directly in a SAP landscape, placing the system in a position to be removed from the scope of PCI DSS.

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Mechanics Bank selects VSoft for check fraud prevention

Mechanics Bank selected VSoft Corporation process improvement solutions for financial institutions to provide fraud prevention. With this, VSoft will deliver the product through its strategic partner, Advanced Software Design Corporation (ASD), which specializes in the design, development and marketing of innovative fraud prevention solutions. Mechanics Bank selected VSoft to deliver a risk mitigation solution to provide Mechanics Bank with a complete positive pay platform, including payee, traditional, reverse and ACH positive pay solutions. The solution enables Mechanics Bank to increase fee income while enhancing customer satisfaction through improved security measures.

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Thales awarded Best Secure Transaction Solution

Thales information systems and communications security announced its “payShield 9000 Hardware Security Module” (HSM) has won SC Magazine’s award for Best Secure Transaction Solution. The magazine’s annual awards for the European information security industry recognise those vendors at the forefront of innovative security technology delivery. The recognition came thanks to its cryptographic performance and resiliency, designed specifically to secure card payment systems. The ‘next generation’ HSM for payment security systems is a high-performance tamper-resistant security platform that protects cryptographic keys and other sensitive information such as customer PINs and cardholder data.

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Kreissparkasse Köln to Outsource ATMs to Wincor Nixdorf

Kreissparkasse Köln will be taking delivery of new ATMs, cash recycling systems and account statement printers from Wincor Nixdorf, and plans to install primarily devices from the new CINEO system generation. The operation of the systems will be outsourced to Wincor Nixdorf’s subsidiary Prosystems IT,which has been responsible for decentral operation of the bank’s information technology since 2004. The installation of 80 automated teller machines, four cash recycling systems, 70 automated teller safes with recycling functionality and ten account statement printers will begin in mid 2011 and continue successively through 2013. All the systems will be integrated in Kreissparkasse Köln’s self-service network.

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FIS to Process Woolworths Prepaid Cards

Woolworths has selected FIS banking and payments technology as its premier provider for prepaid card processing for card acquisition and transaction processing services. Woolworths’ desire to deliver innovative new products quickly and cost effectively was a key factor in its choice to team with FIS for prepaid card processing. The FIS Card Processing Services platform, which supports both consumer and commercial accounts, currently processes more than 250,000 prepaid cards for Woolworths. With real-time access to payment information and the ability to customize the system, FIS provides Woolworths with the resources to provide better service to its customers. A recognized leader in the prepaid industry, FIS processes 180 million prepaid cards annually. FIS supports prepaid cards in 34 countries and 16 currencies, accounting for 775 million transactions annually.

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