AmEx Necessity Appointed Executive VP With Wolters Kluwer

Wolters Kluwer Corporate Legal Services (CLS) legal process and business performance management appointed Thomas Nestor as executive vice president (EVP), finance. This after having held a number of progressively senior-level positions at American Express, his most recent as the vice president and lead financial officer for the U.S. Consumer Card Group, where he provided critical insight on business performance issues and identified strategic opportunities to optimize the P&L and drive growth. Nestor was pivotal in AmEx’ response to the CARD Act legislation by developing the framework for new pricing and fee models that enabled credit card businesses to conform to unprecedented legislation while optimizing profitability. He was also invaluable to the introduction of the Plum Card, the first payments card product designed for small business with trade terms functionality.

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50% of Adult Global Population Unbanked

VRL Financial News is set to demonstrate its research on the Prepaid market and the views of 35 speakers at its 2nd Annual Prepaid Summit in Dubai on the 22nd and 23rd March. It discloses just over half of the world’s adult population does not use banks or microfinance to channel, save or borrow money – they still trade in cash. There is a huge opportunity to move this traditional unbanked segment into prepaid cards. The Middle East has more than 60 million internet users and over 80 billion mobile phone users. The Prepaid Summit: Middle East 2011 will address the key issues impacting on the take up of prepaid in the region, combining Middle Eastern and international case studies with exclusive research on the market.

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Scotiabank Makes Available Visa Contactless

Scotiabank is making available the Visa “payWave” contactless payment feature to its line of credit cards. Visa “payWave” transactions make small purchases faster and easier, reducing the amount of time customers spend at the checkout. Visa payWave is a no-fee enhancement which is now available on select Scotiabank credit cards, including ScotiaGold Passport Visa, Scotia Momentum Visa and SCENE Visa. Scotiabank cardholders will now be able to make secure contactless transactions at Petro-Canada, Rexall Pharma Plus pharmacies, Cineplex Entertainment movie theatres, Jean Coutu, Rabba Fine Foods, M&M Meat Shops, Second Cup, as well as other retailers.

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Multicard and Rabobank Deploy Cashless Payment

Multicard credential solutions, identity management and system integration services and a business unit of Identive Group has deployed its mobile cashless payment solution with Rabobank. Providing e-payment stickers and related services that will enable users to make purchases using their current mobile phones, directly from a virtual wallet, Multicard will provide the Bank mobile phone applications to transfer money, check balance and top-up money to the wallet, as well as handle management of all transactions, incorporating Rabobank’s MiniTix payment engine. Multicard, a business unit of Identive Group and a worldwide supplier of card solutions for secure identification programs and offers a complete open payment platform, ID systems management and engineering services as well as full implementation and program management.

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Micropross Testing Earns EMVCo Approval

Micropross “Must” Card Level 1 electrical test tool has passed the approval scheme defined by the EMVCo organization and been qualified by the CAWG (Card Approval Working Group). With “Must,” smartcard manufacturers cover all electrical test cases defined inside the EMVCo test specification. The test hardware that is used is the Micropross MP300 TC3. It is possible to add on top of the electrical test certified protocol test cases, making the “Must” platform a complete test environment for Level 1 characterisation of contact smartcards.

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G&D Collaborates to Embed Multi-Mode IMSI SIM

T-Mobile USA and UK-based Everything Everywhere communications company have partnered with Giesecke & Devrient (G&D) to develop a multi-mode international mobile subscriber identity (IMSI) SIM. Designed for cost-effective international machine-to-machine (M2M) deployment, the multi-mode solution will act as a local SIM when deployed in the U.S. and the UK. This unique “borderless” solution will offer M2M application providers the ability to deploy multiple global subscriptions for reduced roaming costs and improved coverage in areas outside of local networks.

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Wincor Nixdorf Oversees Kreissparkasse Peine Self-Service Operation

Wincor Nixdorf has been awarded a contract by Kreissparkasse Peine to take charge of operating its 118 self-service systems at 23 branches for a period of ten years. Since the beginning of January the IT company has been providing the savings bank with extensive services, covering remote monitoring and administration of self-service systems, a user help desk, supervision and coordination of service callouts and proactive hardware maintenance. This will provide for Kreissparkasse Peine cost savings and higher system availability.

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NCR Decisively Leads World in ATM Deposit Automation

NCR Corporation is the world leader in automated deposit ATM installations outside of Japan and South Korea. This, according to research from London-based Retail Banking Research (RBR), was concluded based on NCR having installed more intelligent deposit ATMs than any other manufacturer in key global regions. NCR has an installed base of intelligent deposit ATMs nearly four times as large as its nearest competitor in Eastern Europe alone. Additionally, its “Scalable Deposit Module” (SDM) technology for NCR “SelfServ” ATMs allows consumers to deposit both cash and checks through a single deposit slot in a single transaction, cutting the deposit portion of transaction time in half. Also, NCR offers in-house end-to-end check payment solution with its “APTRA” ATM Passport, which provides a single, integrated and scalable platform that allows the banks to capture deposits from customers at the ATM.

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MoneyGram Names Counsel, Regulatory & Privacy Officer

Aaron Henry has been appointed MoneyGram International senior vice president, associate general counsel, global regulatory and chief privacy officer. Bringing to the role more than 12 years’ experience, he will focus on reinforcing strong relationships with regulators around the world and communicate with lawmakers on matters that impact MoneyGram and money services businesses. He was most recently assistant general counsel providing counsel on money transfer, money order, prepaid and stored value offerings, Internet money transfer, new products and marketing for the Western Union Americas business.

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Fiserv Honored by Global Finance Magazine

Fiserv has been named “Best Electronic Commerce Provider” by Global Finance magazine for the fourth year running. This decision was based on 12 categories of input from industry analysts, corporate executives and technology experts, including “mobile banking” for the first time. Categories also include volume, market share, and scope of global/regional coverage; examples of cutting edge technology deployment and product innovation on a regional/global level; and examples of regional/global solutions that delivered significant benefits and cost savings for clients wanting to re-engineer their cash management processes. Fiserv expanded its payments footprint by signing 537 electronic bill payment clients and 218 debit clients and processed 3 of 4 online bill payments.

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YellowPepper Western Union mMoney Transfer Vendor

YellowPepper mobile financial services has completed the certification and integration process in the Western Union Mobile Vendor Program. Allowing the Company to support the Western Union “Mobile Money Transfer” service in its platforms, this integration allows its mobile customers to send and receive funds directly from or to their mobile wallets and use those funds to pay for utilities, goods and services. YellowPepper provides a unique value proposition that allows banks, mobile network operators, merchants and consumers to conduct mobile financial transactions. YellowPepper serves consumers in Mexico, Colombia, Peru, Ecuador, Guatemala, Dominican Republic, Bolivia, Haiti and Panama.

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