Increased demand for the PCI DSS Documentation Toolkit v2.0

IT Governance Publishing announced that the PCI DSS v2.0-compliant version of the established PCI DSS Toolkit is meeting increased demand as compliance pressure on merchants mounts. Banks are increasingly pressuring merchants, who accept payment cards, to get themselves PCI DSS compliant. ITGP upgraded its existing toolkit to reflect the revised requirements of PCI DSS v2.0 in October 2010 and, since then, the Toolkit has been helping a steady stream of smaller e-commerce merchants and service providers to become PCI compliant. The PCI DSS Documentation Toolkit v2.0 is specifically designed to help payment card-accepting organisations quickly create all the documentation required to affirmatively answer the requirements of the PCI DSS Standard as set out in the Self Assessment Questionnaire (v2.0).

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Cardtronic’s Bank Machine issuing cents-off coupons through ATMs

Bank Machine is issuing coupons through an undisclosed number of its ATMs as part of a pilot program. The ATMs issue cents-off coupons for Mars candy bar and are separate from the receipt cardholders receive for cash withdrawals. The coupon is issued after a cardholder withdraws funds from the ATM and can be used to purchase some Mars candies at discount usually inside the store where the ATM is deployed. Cardtronics is planning a similar coupon pilot with some of its ATMs in the United States. Houston-based Cardtronics operated 18,870 ATMs at the end of the first quarter.

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Bluepoint Solutions Reports Landmark Quarter

Bluepoint Solutions remote deposit capture, item processing and enterprise content management solutions for financial institutions posted 1Q/11 as the best first quarter in company history due to having signed eight new financial institutions and expanding nine current relationships. The eight new “ImagePoint” contracts for check capture and item processing generated significant revenue for the Company and offers client institutions aggregated check images from branch, teller, ATM, merchant, home and mobile capture points to create electronic cash-letters for transmission to any endpoint. Also the Company’s “QwikDeposit ToGo” lets users deposit checks with a camera-equipped smartphone for anytime, anywhere deposits.

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DIEBOLD REPORTS 1Q/11 Revenue Down 1% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With a 1Q/11 income from continuing operations of $2.5 million, Diebold posted a revenue of $614.2 million, down 0.8% from 1Q/10. This includes a net positive currency impact of approximately 2%. Growth in the Americas was more than offset by a revenue decline in Asia Pacific, where seasonality continues to shift…

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Bell ID joins US Smart Card Alliance

Bell ID smart token management solutions has joined the Smart Card Alliance non-profit organization for the adoption of smart card technology in North America. This follows the release of its white paper ‘Six Myths Preventing EMV Migration in the U.S.’ late last year, which highlights the inevitability of the U.S. transiting to EMV-based payments technology, which concluded migration to EMV may come sooner than expected. This development allows Bell ID to increase its visibility and further develop relationships with industry players through active involvement within meetings, events and outreach activities and will be allowed to exhibit at upcoming SCA conferences.

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First National Bank of Omaha and Grand Ole Opry Launch Visa Card

First National Bank of Omaha and Grand Ole Opry launched the Grand Ole Opry Visa Card Program with experiential rewards for country music fans. Such rewards include Opry tickets, hotel stays, VIP backstage passes and even the ability to sit onstage during a live performance. Opry cardholders will earn two points for every dollar spent on qualifying transactions at all Gaylord Entertainment properties including the Grand Ole Opry, the four Gaylord Hotels, Ryman Auditorium, General Jackson Showboat and Wildhorse Saloon and one point per dollar spent outside of Gaylord Entertainment properties.

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Higher One and Green Dot Allow Cash Transfers to the OneAccount

Green Dot prepaid financial services is now a Higher One payment services company cash transfer partner, allowing Higher One “OneAccount” customers conduct cash transfers into their accounts with the Green Dot “MoneyPak.” The Higher One OneAccount offered through Higher One’s bank partner, The Bancorp Bank, Member FDIC, enables students to receive their residual financial aid faster, manage their money online in relevant and responsible ways, and use a Debit MasterCard to make purchases anywhere MasterCard is accepted. The Green Dot MoneyPak allows Green Dot cardholders and Green Dot partner customers to instantly transfer cash to other accounts, including the Higher One OneAccount. Green Dot MoneyPak is available at approximately 55,000 retail locations nationwide.

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Visa Releases mobile security best practices

Visa released a set of mobile acceptance best practices for merchants, software developers and device manufacturers who are using consumer mobile devices, such as smartphones and tablet computing platforms to facilitate the acceptance of card payments. Visa best practices call for encryption and tokenization of cardholder data and are designed to foster a better understanding of the merchant and service provider responsibilities related to securing cardholder data when a mobile phone is used as an acceptance device instead of a traditional terminal. These best practices are intended for mobile acceptance application and software solution providers as well as merchants who use these solutions. The guidance advises encryption of all account data including at the card-reader level and in transmission between the acceptance device and the processor and to enable truncation or tokenization of card numbers, allowing the merchant to identify the cardholder without storing the full account data.

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Elan Financial Introduces Online Credit Card Management

Elan Financial Services credit card issuer has introduced its “ScoreBoard” online reporting, offering trending and reporting data to allow customers to monitor their own credit card spending. The new service also allows them to compare card sales data to industry trends. The application is available to Elan small business credit cardholders and merchant customers who process credit, debit and electronic check transactions through Elavon Merchant Services. It features easy-to-read charts and graphs that provide a monthly snapshot of the cardholder’s credit card purchases and payments, providing insight into their merchant accounts, tracking sales transactions when customers use a card for payment of goods and services. Elan Financial Services provides a complete range of processing and payments services, including credit cardissuing, prepaid card solutions and ATM and debit card processing for more than 2,000 clients in 50 states.

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SunTrust and MasterCard Launch Reloadable Prepaid Campus Card Program

SunTrust Banks and MasterCard Worldwide have launched the SunTrust Campus Card, providing a student identification (ID) card and a MasterCard reloadable prepaid card. This allows universities and colleges to offer their students access to a reloadable prepaid account to pay for everyday expenses on and, in some instances, off campus, while benefiting from the flexibility and security of a reloadable prepaid card. Off campus, students will be able to use the SunTrust Campus Card to make purchases at millions of locations where MasterCard cards are accepted or withdraw funds without a fee from more than 2,900 SunTrust ATMs. SunTrust and MasterCard will subsequently launch a website for college students and faculty members targeted to teaching financial literacy and featuring budgeting tools and educational materials later this year.

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Bremer Bank Selects Memento Enterprise Platform

Bremer Bank has selected the Memento fraud management solutions for financial institutions and its “Enterprise Platform” for combating financial crime across multiple payment types and delivery channels. Memento and Bremer collaborated on a successful proof of concept using historical bank data. The evaluation demonstrated Memento’s ability to accurately detect fraud across multiple channels and the efficiency gains possible through innovative applications for loss prevention and risk management staff. Bremer Bank will use the enterprise platform and deploy Memento’s Check Fraud, Deposit Fraud, ACH & Wire Fraud, Employee Fraud and AML solution modules as well as build custom solutions to meet current and future financial crime challenges.

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