SafeNet Expands Data Protection Market

SafeNet information security will continue to expand into the Russian Data Protection market, offering customers security solutions for eGovernment Public Key Infrastructure (PKI) and PCI DSS. Providing authentication solutions, SafeNet has reinforced and accelerated its business growth and development across the Russian enterprise data protection market. The company is introducing its entire Data Protection portfolio, including database and application security, disk and file encryption, centralized key management, network and WAN security, and content security, as well as the highly recognised eToken two-factor authentication product range to secure sensitive data. As part of SafeNet’s ongoing development, it has recently appointed the Russian organizations listed below as strategic distribution partners, providing customers with local sales and technical support.

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Outstanding Revolving Credit Free-Fall Continues, Down 6.4% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Federal Reserve released findings showing January 2011 revolving credit saw an annual drop of 6.4%, compared to November and December which saw 5.6% decrease and a 3% increase, respectively. This corresponds with all four quarters in 2010, all posting plummeting consumer revolving credit. The 2010 quarters sequentially dropped outstanding revolving…

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Chase Evolves AARP Visa With Rewards Flexibility

Chase Card Services from Chase has enhanced its “AARP Visa Card” from Chase, which is endorsed by AARP, allowing cardholders to earn cash back rewards and combat senior hunger in America with every purchase. The new card lets users earn unlimited rewards, earning 3% cash back on every eligible travel-related purchase and 1% cash back on all other purchases and to chose from such redemption options as cash, gift cards, statement credits, AARP Foundation donations, and an annual AARP membership. The Card also provides added protections from price, purchase, return, and extended warranty, giving the added confidence that they are shopping smarter and will be satisfied with their credit card purchases.

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Digital River Patents Global Payment Technology

Digital River global e-commerce solutions has been issued U.S. Patent No. 7,881,972, “Electronic Commerce System and Method for Detecting Fraud,” by the U.S. Patent and Trademark Office. Describing fraud detection technology specifically for purchase order transactions processed by online stores, the new solution joins the ranks of Digital River’s “Transaction Defender” service, capable of linking risks from independent data gathered from global online transactions for digital and physical product purchases. The new technology continually scans data points delivered from more than 150,000 Digital River hosted global online stores to reveal new risk patterns and trends in real-time and quickly identify and stop fraud attacks through one central action.

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Nine Credit Unions Select Fiserv for Account Processing

Nine credit unions have selected account processing platforms from Fiserv along with a wide range of value-added capabilities for online and mobile banking, person-to-person payments, electronic statements and loan origination. These recent addition to the Fiserv client list includes the Connects Federal Credit Union in Richmond, Va., which invested in the “Portico” account processing platform and selected the “AccountCreate” for online account opening; “CheckFree RXP” for online bill payment; “Loancierge” for loan origination; “Mobile Money” for mobile banking; “Wisdom” for asset liability management and “5300 Call Report” preparation; and “ZashPay” for electronic person-to-person payments. Also Clinchfield Federal Credit Union in Erwin, Tenn., chose the “Portico” platform; Healthcare Plus Federal Credit Union in Aberdeen, S.D., selected the “OnCU” account processing platform; the Miami Federal Credit Union in Miami, Fla., chose the “Portico” platform; The Greater Norwalk Area Credit Union in Norwalk, Conn., will install the “CUSATM” account processing platform; the Avanti Federal Credit Union in Watertown, S.D., chose the “OnCU” platform and “Virtual Branch” to serve its members; the Local 170 Teamsters Federal Credit Union in Worcester, Mass., selected the “CUSA” account processing solution; the First Choice Credit Union in Lawrence, Mass., selected the “OnCU” platform; and the USDA Credit Union in Des Moines, Iowa, will also implement “OnCU” as well as “Virtual Branch.”

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Phoenix Expands ATM Voice Guidance Feature

Publix Super Markets is set to offer the Phoenix “VISTAatm Audio Assist” solution to offer voice guidance at every one of its Presto! 1,100 ATMs. This will allow customers to choose to display or not display the ATM transaction screens while the audio feature is in use. The ATMs will give customers the ability to hear private voice instructions when conducting an ATM transaction along with the confidence of knowing when and where their cash and receipt will be dispensed. Most standard headsets can be used.

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Fifth Third and Planet Payment ATM Currency Conversion

Fifth Third Processing Solutions full service payment solutions provider announced that its “Pay in Your Currency,” powered by Planet Payment multi-currency and data processor, is being offered to the ATM terminal and to its processing clients. This Dynamic Currency Conversion offering allows international cardholders using eligible cards to see the final amount of a cash withdrawal in their home currency at the time of the transaction. The “Pay in Your Currency” service provides greater clarity and convenience to the cardholder by providing them the option to convert the transaction at the time of the withdrawal. If the cardholder chooses to have the transaction converted, the amount in their local currency that they see on the ATM screen is the exact amount that will appear on their financial institution’s account statement.

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American Chartered Implements FIS Processing

FIS banking and payments technology announced that American Chartered Bank will deploy its Integrated Banking Services (IBS) core processing solution. For which, FIS will also deliver several supporting products including, Commercial eBanking, Business eBanking, Sales and Service as well as EFT solutions. The bank will utilize the NYCE Payments Network for point-of-sale and ATM transactions. FIS’ IBS is a highly flexible and integrated core banking solution that provides financial institutions with innovative technology involving minimal disruption to their business operations and customers. IBS is the leading outsourced retail and commercial banking solution among mid-tier U.S. banks.

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Wells Fargo Allowing ATM Donations for Japan Recovery

Wells Fargo customers have donated over $1 million through Wells Fargo ATMs to the American Red Cross Japan Earthquake and Pacific Tsunami Fund and is now accepting donations through ATMs. Through more than 9,000 Wells Fargo branded ATMs across the country, customers will not be charged any fees for using the service and 100 percent of the donation is sent to the American Red Cross. Donations may also be made via the American Red Cross website at www.redcross.org. Last week Wells Fargo contributed $500,000 to the American Red Cross to support immediate relief and recovery efforts in Japan and is matching contributions from its team members dollar-for-dollar, up to $500,000, for a potential total of $1.5 million.

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Ceridian Sponsors Webcast on Health Care Reform

Ceridian Corporation payroll outsourcing and employee benefits administration is sponsoring Reforming Health Care Reform: New Directions for 2011-2012. The webcast will cover the latest news about health care reform and proposed revisions to the law, particularly how they may impact employers. Some of the health care reform questions will include what provisions of PPACA are causing the most uncertainty for employers; what changes in the law should employers expect and when and what role might the states take in affecting implementation of health care reform, particularly health insurance exchanges.

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U.S. Bancorp Foundation to Aid Disaster Relief Efforts in Japan

The U.S. Bancorp Foundation is donating $100,000 to the American Red Cross to assist with disaster relief efforts in Japan to help provide food, water, medical supplies and other services to victims of the recent earthquake and tsunami. The company is coincidentally encouraging all of its employees to make a contribution- which the Bank will match- and is waiving its minimum one-year employment requirement in order for employee donations to be matched by the U.S. Bancorp Foundation for this effort.

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FIS Software & WorkLight Launch Mobile Insurance Apps

FIS Software end-to-end policy administration systems has partnered with WorkLight mobile application technology, offering insurance companies smartphone and tablet applications for their agents, brokers and policyholders. FIS will utilize the WorkLight Mobile Platform to develop, run and manage custom and pre-packaged mobile applications to extend the reach of and accessibility to its ALIS policy administration solution. The first phase of ALIS mobile capability development and deployment will provide applications for agents and brokers to support new business and servicing apps. FIS also plans to introduce self-service applications for policyholders to access their policies using popular smartphone or tablet devices, for both personal and group business.

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