LOGLOGIC ENHANCES PCI COMPLIANCE FOR VMWARE ENVIRONMENTS

LogLogic IT Data Management Company helps achieve a major requirement in PCI DSS in conjunction with VMware to ensure IT Data is collected from virtualized infrastructure. To help VMware customers achieve regulatory compliance faster, LogLogic also announces it will give away its MX-Virtual virtual appliance product to the first 100 VMware vShield and VMware vCenter Server customers who sign up at http://www.loglogic.com/vmware-offer. Additionally as part of this partnership, LogLogic will give qualifying VMware customers product at a very aggressive ‘no haggle’ price for a limited time. LogLogic also supports IT Data collection and reporting for a wide range of regulatory regimes: ISO 27002, HIPAA, COBIT, SOX, ITIL, FISMA and NERC. A rich reporting suite is available for each of these regulations.

Details

United Supermarkets Deploys Solutran POS Technology

Solutran announced United Supermarkets has completed implementation of its “SPIN” POS and Imaging Network solution for electronic check conversion. United Supermarket states the most valuable aspects of conversion have been the reduction of bank fees and saving time when processing and flagging bad checks. The “SPIN” POS has saved a broad spectrum of retail businesses more than 50 percent in check processing fees and can be implemented without up-front capital expenditures. Unlike traditional BOC (Back Office Conversion), the check imaging, archiving, and destruction services are outsourced to Solutran, and the MICR data capture saves costs by using existing infrastructure.

Details

PayNearMe Enables Cash Payments for International Top-up & Remittance

PayNearMe cash payment network announced its new service allowing consumers to pay cash for value remittance services, including international mobile top-up, bill pay and gift carding. Mobile operators and value remittance providers can work with PayNearMe to offer their prepaid mobile subscribers the ability to add minutes to their accounts at any one of the nearly 6,200 7-Eleven stores across the U.S. without the need for dedicated cards. Also, consumers in the U.S. can pay bills or load gift cards on behalf of friends or family members outside of the country. PayNearMe doesn’t require a dedicated in-store card for these transactions, which makes it easier for providers who do not currently have distribution in 7-Eleven stores. For the unbanked and those who prefer to pay with cash, PayNearMe delivers a convenient option to top-up an account anywhere in the world. ALl they have to do is go to a participating 7-Eleven store to pick up a free PayNearMe Card and text the card number to PayNearMe. They then present the card along with cash at the register and receive a customized receipt summarizing the transaction.

Details

Chase celebrates Small Business Week with incentives & solutions

To celebrate Small Business Week, Chase is offering small business customers $1,000 in incentives to expand their relationship during the week – and two exclusive eCommerce solutions to help run their businesses more effectively over the long run. These programs continue the momentum of Chase’s recent commitment to lend $12 billion to small businesses in 2011. Part of Chase’s strategy is to expand both its lending and deposit businesses through Small Business Week promotions such as the following $1,000 in savings, rebates and refunds:

New Business Checking account customers will receive $100 when they deposit $500 or more in their new account
Up to $250 off the origination fee for new loans/and annual fee for new loans/lines of credit originated this week
$200 cash back bonus for new Ink Rewards or Ink Bold credit card customers
$100 off cash bonus on Instant Storefront
Waived closing costs on owner occupied real estate loans, up to $250
$100 in credit for Google Adwords

Details

China Economic Index Up Full 1% in March

The Conference Board Leading Economic Index(LEI) for China increased 1.0% in March to 157.0 (2004 = 100), following a 0.3 percent increase in both February and January. Four of the six components contributed positively to the index in March. Meanwhile, the Conference Board Coincident Economic Index (CEI) for China was up 1.6% in March to 199.6 (2004 = 100), following a 0.3 percent increase in both February and January. Three of the five components contributed positively to the index in March. The Conference Board LEI for China aggregates six economic indicators that measure economic activity in China.

Details

Anoteros Announces Financial Institution Agreement to Expand Rural Banking E-Commerce

Anoteros announced an agreement with Infoserve of the Philippines to establish systems services and branding for ATMs, electronic funds transfers, point-of-sale systems and debit cards primarily in the provinces, which largely do not enjoy the electronic banking/e-commerce services available in urban areas. Work will be performed through the Anoteros wholly-owned subsidiary, Antero Payment Solutions, Inc. Duties include system hosting, system upgrades, personnel training, 24/7/365 service maintenance and systems backup nightly. Infoserve may contract for additional services of ATM Assure for check/debit verification, Antero Check Verification for bad check historical experience and ID Assure for personal identification.

Details

ICICI BANK & SAMPATH BANK Implement Remittance

ICICI Bank Limited (“ICICI Bank”), India’s largest private sector bank, announced the launch of Money2SriLanka (M2SL), an online remittance tracking facility in collaboration with Sampath Bank PLC. ICICI Bank has a presence in Sri Lanka through its branch office in Colombo. M2SL is a web-based online remittance tracking platform which facilitates remittances from various geographies to beneficiaries in Sri Lanka in a convenient, speedy and economical manner. This service will be piloted in Canada and the United Kingdom and will shortly be rolled out in Australia, USA, South East Asia and the Euro Zone in the second phase. ICICI Bank has been one of the leading players in the Indian remittance market and its proprietary online portal, Money2India.com is a popular service used by Non Resident Indians.

Details

Hypercom Launches Next Generation Network Technology

Hypercom Corporation has made available its “IntelliNAC” high-density, multifunction POS network access controller. Speeding transactions for financial institutions, merchants and other entities whose businesses benefit from processing large volumes of payment transactions securely, “IntelliNAC” builds on Hypercom’s secure networking technology, which benefits high-performance transaction networks, routing billions of transactions daily for hundreds of financial institutions worldwide. The “IntelliNAC” system authenticates transactions via Public Key Infrastructure standards required for PCI-DSS compliance and does so in multiple secure zones, meaning that the public key or certificate is never exposed. It also lets acquirers and processors control end-to-end transaction transport on their own, thus eliminating the need to employ multiple third-party vendors and allowing ISOs to deploy quickly and securely their terminals and services to the field.

Details

Aptys Solutions Launches Mobile Payment Solution

Aptys Solutions payments network provider announced at FinovateSpring 2011 its “Aptys Mobile” (aMobile). Allowing banks’ business customers to create invoices, accept payments and process invoices directly through a mobile phone or tablet device. In tandem with Aptys’ “PayLOGICS” payment hub, “aMobile” provides financial institutions access to a full payment integration solution allowing businesses to electronically manage the entire supply chain process from point of sale through posting in their accounts receivable system via a mobile phone or tablet device. In doing so, it creates an end-to-end payment process to support mobile receivables from invoice creation, payment processing and back-end accounting, allowing the business to manage payments from any location.

Details