Paymetric Launches Partner Awards Program

Paymetric integrated and secure enterprise payment acceptance solutions launched its 2011 Cornerstone Awards to recognize the contributions business partners have made to facilitate Paymetric success. Current partners of Paymetric are invited to nominate themselves for the 2011 Cornerstone Awards. A winner will be named in Partner of the Year; Outstanding Partner Collaboration; Technology Partner of the Year; and Implementation Partner of the Year. Reviewed by a Paymetric appointed panel of industry experts and executives, nominations will be accepted at www.paymetric.com until August 30.

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FSV Payment Systems Appoints General Counsel

Stephen T. Middlebrook has joined FSV network branded prepaid debit card products and processing services as General Counsel. Coming to his new role from the U.S. Department of the Treasury as Senior Counsel, Financial Management Service, he provided legal advice for a variety of e-commerce initiatives for the Government, including stored-value, prepaid and debit cards; mobile payments; and internet-based collections and disbursements. He also advised on regulatory compliance, privacy, data security, intellectual property and other legal issues. Middlebrook is a graduate of Georgetown University Law Center.

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Paymetric Releases Data Intercept Solution

Paymetric integrated and secure enterprise payment acceptance solutions has officially released Data Intercept for SAP. Data Intercept for SAP leverages Paymetric’s “XiSecure On-Demand” tokenization technology and captures card number values prior to them entering 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. The Ponemon Institute estimates that the average cost of a data security breach has increased from $204 over the past year to $214 per customer record.

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VeriFone Announces PAYMEDIA for Secure PumpPAY

VeriFone Systems announced “PAYMEDIA” for its PCI 2.0-approved Secure PumpPAY solution for pay-at-the-pump, designed to deliver content and advertising to enhance the customer’s experience at the gas pump while generating profits for convenience operators. The “PAYMEDIA” for Secure PumpPAY is driven by the VeriFone Digital Network (VNET), currently playing in more than 10,000 taxi cabs throughout the United States and the United Kingdom. VNET provides consumers with an engaging blend of news, weather, and lifestyle programming while also delivering targeted advertisements and promotions. Additionally, VeriFone’s Media sales team will actively sell and market advertising to national ad buyers. VeriFone’s “Secure PumpPAY” supports EMV and chip and PIN payments and provides a rugged and secure pump payment solution that is user-friendly and highly suited to brightly display the dynamic PAYMEDIA content.

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BofA Marks Small Business Week With New Payment Initiatives

Bank of America announced a series of initiatives designed to help small business owners run their businesses more efficiently and effectively. In conjunction with National Small Business Week, Bank of America is offering new payment options to manage cash flow, providing an update on its five-year, $10 billion commitment to spend more with small business suppliers, and investing in opportunities that enable small business growth. Providing more payment options to help small businesses manage cash flow, Bank of America has launched three new small business charge cards designed to give small businesses more choice and control over their payment and expense management needs. This is in addition to the Bank having spent $4.1 billion with small, medium-sized and diverse businesses in 2010, the first year of a five-year, $10 billion commitment. Bank of America is also providing other educational and advisory resources for its small business clients through its Small Business Online Community (SBOC) – www.smallbusinessonlinecommunity.com.

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MoneyGram International to Participate at Investor Events

MoneyGram International global money transfer company will participate in the J.P. Morgan Technology, Media and Telecom conference on May 17 and the Bank of America Merrill Lynch Services One-on-One Conference on May 25. During the 39th Annual J.P. Morgan Technology, Media and Telecom Conference in Boston on May 17, MoneyGram will be represented by Pamela Patsley, chairman and CEO, Alex Holmes, senior vice president of investor relations and corporate strategy, and Ian Dunhill, vice president finance.

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Western Union Launches App For M-Remittance

Western Union global payment services has introduced a new app that will allow anyone in the U.S. to send a Western Union money transfer directly from a mobile phone. Now available for iPhone, iPad and iTouch, the app can be downloaded via the Apple App Store and will be made available for BlackBerry and Android devices eventually. It allows consumers to send a Western Union Money Transfer transaction directly from their mobile phones using a credit or debit card. The funds are available for pickup generally within minutes at more than 400,000 Western Union Agent locations in 200 countries and territories, including within the United States.

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Prepaid Card Holdings Changes Name

Prepaid Card Holdings, a provider of financial services in the prepaid debit card industry, has changed its name to PrepaYd, Inc. and notified FINRA of the corporate action. FINRA subsequently notified the company’s name change took effect on May 12th. The purpose of the name change is to match the Company’s new brand, “PrepaYd”, and to reflect the expansion of the Company’s business plan to provide additional prepaid products besides prepaid debit cards. PrepaYd offers prepaid debit cards to America’s estimated 60 million underbanked citizens.

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Misys upgrades Sophis Value

Misys application software and services company, announces the launch of Misys Sophis Value 4.2. The latest version of its award-winning investment management solution significantly improves risk management capabilities, broadens asset class coverage and enhances operational efficiency for buy-side firms. Investment managers will benefit from the new enhancements in the solution which have been developed as a result of market changes and customer feedback. VALUE 4.2 brings buy-side customers complete cross-asset class coverage through a single integrated investment platform. The new solution allows users to make more informed decisions about their portfolio and trades, allowing firms to enhance overall performance.

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Groupement des Cartes Bancaires joins GlobalPlatform

Groupement des Cartes Bancaires French Economic Interest Group (EIG) which manages CB interbank, payment and cash withdrawal systems, has joined GlobalPlatform. This allows Groupement de Cartes Bancaires to keep abreast of key technical specifications from GlobalPlatform that support emerging payment trends. Standardizing the management of applications on secure chip technology, GlobalPlatform also welcomes member debates on the future direction and development of the association’s technology advancements.

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