Bank of America Announces Tornado Relief Support

Bank of America announced a $500,000 commitment to the American Red Cross to aid victims of the tornadoes that swept across the Southern and Eastern United States. This includes a $400,000 grant to support efforts in North Carolina and a $100,000 grant to help with immediate and long-term recovery efforts in Oklahoma, Virginia, Mississippi and Alabama. Some of the hardest hit areas are still inaccessible, and officials are still assessing damage throughout the state. Bank of America has been in contact with the Governor’s office, which is leading the response and has declared a state of emergency.

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Elavon Certifies Precidia Transnet

Precidia Technologies Internet Protocol (IP) payment and networking products announced its “POSLynx220” with “TransNet” integrated payment solution has achieved Level 2 certification from leading global payments provider Elavon. This advanced certification means that merchants using Precidia’s “TransNet” payment application can cost effectively and securely process mail order/telephone order (MOTO) and e-commerce transactions, and can transmit CVV card data. The TransNet payment engine application, housed on Precidia’s secure POSLynx220 payment router, integrates seamlessly with ECRs, POS systems and other retail payment systems. Pre-certified with most credit, debit, gift and loyalty card processors, the complete solution is PCI PA-DSS validated, and features SSL encryption for additional peace of mind. For enhanced reliability, the POSLynx220 features automatic dial back-up in case of network failure.

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Yodlee Partners to Expand Boursorama Banking Platform

Yodlee online personal financial management (PFM) and revenue-generating payments solutions partnered with Boursorama to launch secure, comprehensive personal financial management. Within Boursorama’s Money Center personal financial management, Yodlee is powering the “Money Center” free of charge to Boursorama Bank customers. With this, users can track and analyze spending by category; manage scheduled transactions; and review historical data. Also users can automatically import accounts from any major French bank with only a few clicks to receive a comprehensive and actionable overview of finances and transactions.

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Elavon Certifies Precidia Transnet

Precidia Technologies Internet Protocol (IP) payment and networking products announced its “POSLynx220” with “TransNet” integrated payment solution has achieved Level 2 certification from leading global payments provider Elavon. This advanced certification means that merchants using Precidia’s “TransNet” payment application can cost effectively and securely process mail order/telephone order (MOTO) and e-commerce transactions, and can transmit CVV card data. The TransNet payment engine application, housed on Precidia’s secure POSLynx220 payment router, integrates seamlessly with ECRs, POS systems and other retail payment systems. Pre-certified with most credit, debit, gift and loyalty card processors, the complete solution is PCI PA-DSS validated, and features SSL encryption for additional peace of mind. For enhanced reliability, the POSLynx220 features automatic dial back-up in case of network failure.

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SERVERSIDE GROUP OFFERS PCI DSS-COMPLIANT ZERO INTEGRATION

The Serverside Group is now offering issuers a low cost, hassle-free way to run card customization programs on the PCI DSS-compliant solution from Datapipe managed service provider. Allowing Serverside Group to capture and securely host cardholder data itself, this offers issuers a zero integration system with less cost to implement a card customization program. The Serverside Groupʼs “AllAboutMe” card customization technology focuses on boosting card usage levels, increase average balances and improve both acquisition and retention rates. Datapipe offers a single provider solution for managing and securing mission-critical IT services, including cloud computing, infrastructure as a service, platform as a service, colocation and data centers.

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GlobalPlatform issues trusted service specs for NFC

GlobalPlatform released a standard language which uses web services to facilitate secure and interoperable communication between trusted service managers (TSMs) and the rest of the mobile near field communication (NFC) ecosystem. Free to download from the GlobalPlatform website, two new specifications released by the organization address the communication needs of TSMs, which are independent and trusted third parties that facilitate the provisioning and secure management of mobile contactless services. TSMs must be capable of interacting with all mobile network operators and service providers in an interoperable and secure manner. This will ensure that all parties deploying and managing mobile NFC applications can transport messages efficiently using web services.

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Debit Usage to Grow 50-70%

The debit card market is expected to see a 50% to 70% growth in terms of usage this year as a result of stricter credit card measures aimed at reducing household debts.Introduced in 2005, debit card usage in 2010 has grown by 68% year-on-year to approximately RM4.7bil. At the same time, there was limited awareness among the consumers and merchants about the benefits of debit cards. The minimum annual income requirement for credit card eligibility has been raised to RM24,000 from RM18,000 previously. For cardholders earning RM36,000 per annum and less, they can only hold credit cards from a maximum of two issuers and the maximum credit limit for those earning less than this amount had also been capped to double the monthly income of the card holder from each issuing bank. The average value of annual transaction per card for credit cards in 2010 stood at RM9,338 while that for debit cards was merely RM141. The drop in number of credit and charge cards in 2010 was due to the imposition of the RM50 service tax.

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USA Technologies Extend Management Employment Agreements

USA Technologies wireless, small-ticket cashless transactions extended employment agreements for the Company’s executive leadership team, including that of George R. Jensen, Jr., Chairman & CEO. Also included are Stephen P. Herbert, President & COO, and David M. DeMedio, CFO through June 2014. The Company will also issue 125,000 shares of Common Stock to Mr. Jensen, 75,000 shares of Common Stock to Mr. Herbert, and 25,000 shares of Common Stock to Mr. DeMedio. USA Technologies is a leader in wireless, small ticket cashless, associated financial/network services and energy management and provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries.

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Secure Payment Systems Integrates with Giftango

Secure Payment Systems value added payment services and transaction processing has been integrated with Giftango’s proprietary eGift card solutions. This development offers to participating merchants access to a new suite of tools to assist with virtual gift card promotions, web based sales and distribution opportunities. Correspondingly, SPS will connect to the Giftango API, allowing its gift & loyalty card clients to connect to the Giftango virutal eCard and variable card design emailing options available in the robust Giftango back-end.

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Serverside Selects Datapipe for PCI DSS Compliance

Datapipe managed services and infrastructure for IT and cloud computing has forged agreements with Serverside Group global card customization specialist. Datapipe’s turnkey PCI DSS compliance solution, Serverside can now deliver a trusted PCI environment ensuring the security of their clients’ card data. A certified PCI solution provider since 2005, Datapipe is a trusted member of the PCI Security Standards Council. Datapipe delivers those services from the world’s most influential technical and financial markets including New York metro, Silicon Valley, London, Hong Kong and Shanghai. Serverside Group digital card design offers software solutions to issuers, personalization bureaus and card manufacturers.

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Electronic Merchant Systems Addresses Wireless Terminal Market

Wireless credit card processing provides a fast and secure way for customers to pay for service, at the time of service, for which Electronic Merchant Systems card processing announced its complete selection. The wireless credit card processing terminals are specifically designed for service providers, priding itself on low rates and customer support. Electronic Merchant Systems provides a complete selection of cell phone credit card processing software, add-ons and devices, PDA and iPhone Apps, credit card swipers, credit card receipt printers and more.

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