LARU CORPORATION TO INTRODUCE ACH VISION RDFI

Laru is set to showcase its “ACH Vision RDFI” at NACHA’s Payments 2011 conference in Austin, following up on its recently released “ACH Vision ODFI” product targeted at originators and originating DFIs. By leveraging the knowledge from past transactions and application of Laru’s proprietary business intelligence methodology, ACH Vision RDFI will automatically alert RDFI personnel to transaction anomalies, so they can take appropriate action a priori and protect the bank and its customers. ACH Vision RDFI works with Laru’s other products, ACH Clarity and ACH FileFox and fits in line with the financial institution’s ACH processing pipeline.

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Lecere & TekTango Partner to Offer POS Processing

Lecere Corporation, a software as a service (SaaS) development company, has joined with TekTango to integrate the iPay Mobile Point of Sale payment processing application with their flagship FIRMS restaurant management software. The two companies have partnered, allowing Lecere to focus on providing a fully-integrated, internet-based restaurant management system leveraging iPay Mobile Point of Sale to provide secure table-side credit card processing, tip and signature capture using mobile devices.

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SHAZAM Deploys PaySecure Internet PIN Debit

Acculynk and SHAZAM announced its “PaySecure” software-only payment method for Internet PIN debit will serve SHAZAM’s eligible banks and credit unions. SHAZAM began enabling more debit/ATM cards for PaySecure in Q4 of 2010, and this month will add nearly all eligible debit/ATM cards in their issuing portfolio. PaySecure is implemented into the online merchant checkout and utilizes a patented, graphical PIN-pad for PIN entry. Consumers use their existing debit card and financial institution-issued PIN to pay with PaySecure right on the merchant website. There are no passwords, enrollment or redirection required, making it a simple payment service for consumers to use for their everyday Internet shopping.

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Expert Group Surpasses Five Thousand ATM Transactions

Expert Group financial services provider has now processed more than 5,000 transactions of all sizes. Coincidentally, the Financial Services Company has added Hotel Shelly, Park Central Hotel, 7th Street parking garage and Grand Central to its portfolio of ATM locations, with many more presently under negotiations. Expert Group provides services and partnerships for its ATM placements.

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Mint Launches Financial Literacy Game

Mint.com has made available its online “Quest for Money” game, providing free tools to help middle school students learn essential and long-lasting personal finance skills and is part of Intuit financial literacy program. In conjunction with Scholastic, the Companies designed “Quest for Money” as a way for young people to learn about money management strategies like earning and saving money, and budgeting to meet specific financial goals. The game challenges players with questions about money, shopping and saving – rewarding them for smart choices and correct answers. Mint’s financial literacy program provides teachers with lesson plans and online resources, and parents with family activities and worksheets that can be used at home.

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First Data Recognized for Innovative Technology

First Data Corporation has been recognized as one of the Top 10 Innovative Technology Companies in Georgia by the Technology Association of Georgia (TAG), the association dedicated to the promotion and economic advancement of Georgia’s technology industry. The Top 10 Innovative Technology Company Awards recognize Georgia-based companies for their innovation, financial impact, and efforts in spreading awareness of Georgia’s technology initiatives throughout the U.S. and beyond. In addition to a comprehensive mobile commerce suite that includes mobile vouchers, eGifting and a Trusted Service Manager (TSM) platform, First Data continues to innovate in areas such as prepaid, eCommerce and payments security. These innovations can be quickly delivered to the company’s large global customer base, which includes 6.2 million merchant locations.

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Amadesa Achieves PCI DSS Compliance Certification

Amadesa single platform for website testing and relevancy targeting solutions to enhance conversion rate optimization and engagement activity has achieved PCI-DSS compliance. After a thorough evaluation process, an external auditor found that Amadesa has taken sound, industry- standard measures to establish a solid set of security controls and procedures that help ensure customer safety while onsite. PCI certification adds tremendous value to Amadesa’s full suite of testing and relevance targeting solutions and distinguishes it from other, potentially less secure providers.

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Smart Card Alliance Announces Keynote Speakers

The Smart Card Alliance announced a full-day lineup of keynote presentations to kick off its 2011 Smart Card Alliance Annual Conference. On May 3rd, seven payments and ID security experts will take the stage to deliver keynotes on the latest advancements in technology for EMV, contactless and mobile payments, and secure identification. In addition, a panel of Canadian financial industry experts will share their Canadian EMV migration experience. Attendees can look forward to “Accelerating Adoption of Advanced Payment Technology to Enhance the Payment Process” by Richard Oliver, executive vice president, Federal Reserve Bank of Atlanta; “Should The US Follow The Existing Path or Forge a New Path To EMV?” by Dave Birch, director, Consult Hyperion; “EMV Global Deployment Reality” by Dr. Toni Merschen, consultant and former group head for chip at MasterCard International; “The United Nations Federal Credit Union International Traveler Credit Card” by Merrill Halpern, manager of card services, United Nations Federal Credit Union; “The National Strategy for Trusted Identities In Cyberspace” by Michael Garcia, cybersecurity strategist, Department of Homeland Security; “Securing Personal Devices for Enterprise Use” by Patricia Titus, vice president and global chief information security officer, Unisys; and “Canadians Discuss Their EMV Migration Experience” by Panel featuring moderator Catherine Johnston, president & CEO, ACT Canada, and panelists Oliver Manahan, vice president of emerging payments, Emerging Payments, MasterCard Worldwide, Allen Wright vice president of product management, Interac Association; Steve Braceland, president, STJ Retail; and Sharon Fisk, director of business innovation, ATB Financial.

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Lebara & Mastercard Launch Money Sharing Service

Lebara, the UK leader in providing high quality, low-cost international mobile call services, announced the launch of a new sub-brand “Lebara Money.”
This will provide its customers with a range of financial services and products designed specifically to support the needs of the UK’s growing migrant communities. The “Lebara Prepaid MasterCard” started its roll-out across the country on March 21. Developed in conjunction with MasterCard and Newcastle Building Society, the new card will offer customers a speedy and extremely competitive international and domestic money sharing service through established brands in the global remittance industry.

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TransNet Expands its Payment Processing Footprint

Precidia Technologies (IP) payment and networking products announced Blue Beacon Truck Washeswill deploy its “POSLynx220 with TransNet” for fast, secure and low cost integrated payments at its more than 100 locations throughout North America. The “TransNet” solution is an integrated payment solution that features the “POSLynx220” payment router as a secure platform for payments. Delivering fast, reliable and fully managed payments, TransNet also offers the industry’s most comprehensive security. The PCI PA-DSS validated solution features encryption, firewalling and tools to facilitate PCI DSS compliance. For enhanced reliability, the POSLynx220 features automatic dial back-up in case of network failure.

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BMO Introduces New MoneyLogic Features

BMO Bank of Montreal is adding a new ‘Community’ feature to BMO “MoneyLogic” online personal financial management tool. The new feature gives BMO online customers the ability to compare their spending and saving habits anonymously with the BMO MoneyLogic community. The ‘Community’ feature enables users to delve deeper into their spending and saving habits and compare in different categories – such as home, shopping, groceries – with the average across the BMO MoneyLogic community. Customers can also compare with people in the community that have similar profiles, using variables such as age, gender, marital status. All personal customer data is protected and all information shared within the ‘Community’ feature is anonymous.

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BBVA Selects Accenture Banking Solution For U.S. Expansion

Banco Bilbao Vizcaya Argentaria, has selected Accenture’s Alnova Financial Solutions technology platform to help support the aggressive technology transformation of its U.S. banking franchise. The agreement with Accenture to deploy the new core banking solution will position BBVA’s U.S. banking subsidiary – BBVA Compass – allowing immediate posting of deposits and loan payments for increased efficiencies. The new core technology platform will also improve product time-to-market allowing the bank to quickly adapt to evolving customer preferences while at the same time proactively addressing changing regulations. The solution will deliver real-time bank processing capabilities and support increased transaction volumes for BBVA Compass while streamlining and enhancing the bank’s risk management functions.

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