YellowPepper to EstablishbMobile Financial Services

YellowPepper has received a grant by the Haiti Integrated Finance for Value Chains and Enterprise (HIFIVE), a USAID-funded project to support the development of mobile money services in Haiti, facilitating mobile phone money transfers. In Haiti, only 10% of the population is banked and one-third of Haiti’s bank branches were destroyed from the earthquake, further limiting the population’s access to financial systems. This grant will enable YellowPepper to scale up its successful pilot project and to provide its open-architecture mobile payment platform to create a vibrant, safe, accessible and easy-to-use payment ecosystem that allows Haitian consumers to store value, pay for goods and withdraw or transfer funds using their wireless phones.

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Revolving Debt Up 2.9%, Consumer Credit Disaster Looming?

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Of the total $2.4 trillion in outstanding US consumer debt, total outstanding revolving credit edged up for the first time this year by 2.9% to total $796.1 billion. This is inconsistent with trends over the past 2 and half years showing revolving consumer credit plummeted from its peak of $973.6 billion…

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Unemployment Kicks Trend, Edges Up .2%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The seasonally adjusted employment rate was up for the first time since November in April to 9.0% for a difference of 244,000 jobs since March. With this, the 13.7 million employed persons ultimately saw little change in April while the number of persons unemployed for less than 5 weeks increased by…

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TGate And PAX Forge Partnership Program

TGate Payments partnered to certify EFT-POS Terminals and PINPADs from PAX EFT POS terminals, which will let PAX leverage TGate’s entire solution suite to expand sales of its peripherals and Payment Terminals to ISO’s and ISVs. This provides PAX an option to connect their payment terminals to any processor on the TGate “PathwayLINK” PCI-compliant universal payments platform. This will extend PAX’s ability to provide ISOs with a completely secure hardware/software solution that can adapt to any existing processing relationship. TGate has integrated PAX’s peripheral pin pads and integrated solutions into TGate’s Paylinksm thin client application to offer resellers and merchants with a greater range of hardware choices that have sophisticated designs at affordable price points.

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MERCHANT E-SOLUTIONS LAUNCHES mPAYMENT SUITE

Merchant e-Solutions payment processing services has deployed new mobile payment apps with its “PayEverywhere” platform. Giving mobile merchants a secure way to accept all major cards, whether card-swiped or key-entered, “PayEverywhere” lets them see recent activity in a transaction log, check batch totals, and settle batches from their mobile device. They can also send email receipts, enjoy connectivity with Bluetooth printers and card readers, tip processing, the ability to create customer records, and establish recurring billing records. Transactions processed through these mobile apps will appear in a merchant’s “PayEverywhere” Virtual Terminal reporting, allowing extended management and reporting capabilities.

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Unisys FOrges Partnership with VSoft

Unisys Corporation payment solutions has forged agreements with VSoft Corporation process improvement solutions to offer remote deposit capture solutions for check truncation to financial institutions throughout Latin America. With this, Unisys will deliver VSoft’s suite of remote deposit capture solutions to enable organizations to capture, validate, process, archive and transmit check and document images from all points of presentment. The solutions help financial institutions accelerate internal processes, improve customer service and reduce paper traffic, eliminating the need for microfilm check reproductions. VSoft will provide its settlement and image exchange solutions to Unisys customers in Mexico, Puerto Rico, Costa Rica, Colombia, Brazil, Argentina, Chile, Uruguay and Peru.

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Bank of Internet USA Launches Enhanced mBanking

Bank of Internet USA enhanced mobile banking for customers, giving mobile phone account access through Text Message Banking and Mobile Web. Bank of Internet’s Text Message Banking allows customers a secure and convenient way to check account balances, view latest transactions, receive low balance alerts and make fund transfers, using text messages from anywhere, at anytime. Mobile Web provides customers secure access to account information and recent transactions, as well as the ability to make transactions and pay bills through a mobile phone’s web browser.

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Metro Bank Names New COO & Chief Risk Officer

Percival (Perc) B. Moser, III has joined Metro Bank as senior VP and COO while Lori A. Calhoun is to serve as senior VP and chief risk officer. Moser previously was an executive VP at TD Bank where he oversaw credit support operations. He also was a member of the National Clearinghouse Association board of directors and the Philadelphia International Bank board of directors and Banking Administration Institute’s cash management executive committee. Calhoun was senior VP and senior risk officer for PNC Financial Services Group and is a member of the Risk Management Association, the Association of International Product Marketing and Management and the American Marketing Association.

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Fifth Third EXTENDS MULTI-YEAR CONTRACT WITH COCARD

National Processing Company (NPC), a Fifth Third Processing Solutions has recently entered into a multi-year Independent Sales Organization (ISO) contract renewal with COCARD Marketing Group for the provision of debit and credit card processing services to merchants. Offering a collective approach and an unequaled exit strategy to their partners, COCARD Marketing Group, has charted a proven course to provide bank card professionals a way to achieve greater success by leveraging buying power and competitive pricing. COCARD recognizes the value of the combined capabilities and expertise that Fifth Third Processing Services Solutions and NPC bring to meeting the unique payment processing needs of experienced sales agents and ISOs.

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PCCW Teleservices Achieves PCI Compliance Level 1

PCCW Teleservices global outsourcing solutions has achieved Level 1 PCI DSS compliance, demonstrating its dedication to ensuring the highest possible data security in its solutions. PCCW Teleservices serves the business process outsourcing (BPO) needs of a diverse roster of clients across multiple vertical markets and every year handles millions of customer sales and support transactions, many of which include credit and debit card information.

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Cypherbridge Systems Announces Application Kit

Cypherbridge Systems has made available its “AK200 Design Kit” turnkey solution for secure payment transaction POS Terminals. Using TCP 802.11 or cellular wireless WAN, including power managed battery operated systems, the “AK200” client is integrated with a leading 3rd party payment clearing house that handles the credit card authorization and settlement. POS Terminals can be centrally managed to vary time-of-day or event rates, track usage patterns, increase operator revenue, plus deliver improved self-diagnostic alerts and field service.

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