Radiant Launches Added Consumer Data Protection

Radiant Systems has made available its “Radiant Security” products and services to assist restaurant and retail operators in a layered defense against criminal tactics targeted at the theft of consumer data. This will help its users defend against criminal activity using its suite of managed commercial-grade hardware firewall service, a secure two-factor remote access tool, and an ongoing monitoring and network defense service. Its breach assistance program protects operators from expenses that result from a suspected or actual data breach.

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CashStar Enhances B2B Digital Gifting Suite

CashStar digital gifting and incentives has enhanced its suite of B2B digital gifting solutions with an “eCorporate Application Programming Interface” (API) and “eCorporate Direct.” Allowing retailers to manage and distribute their bulk e-gifting programs based on their needs and preferences, the “eCorporate API” provides third parties with an easy way to distribute large quantities of eGift cards on demand as part of incentive and rewards programs. The “eCorporate Direct” solution provides a Web-based interface for retailers to better manage the eGift card order process for third parties who purchase cards in bulk, letting clients set up online accounts for these third parties, place their orders directly through a Web interface and to order eGift cards for their own internal purposes.

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Serious Revenue Loss Foreseen This Summer

Combined, the Durbin and recent modifications to Regulation E are projected to cost $16.4 billion annually. Approximately $10.8 billion of this will be in bank revenue thanks to the Interchange revisions. Subsequently, banks will add or increase existing fees, restructure account offerings, and eliminate or reduce debit card rewards programs. This, according to Javelin Research’s report “”Payments Regulation and Consumer Expectations: How to Best Manage the Changes Ahead,” is on top of efforts in the card industry to delay the legislation slated to go into effect this Summer.

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Fifth Third & 3i Infotech to Kickoff mCheck Deposit

Fifth Third Processing Solutions payment solutions provider is set to offer its mobile check deposit capabilities through its partnership with 3i Infotech information technology company. This lets users deposit paper checks anytime, anywhere by taking photos of them via their smartphones and submitting them through a secure electronic application provided by 3i Infotech. With “3i Infotech eCapture” mobile check deposit, Fifth Third Processing Solutions recognizes the intense customer demand for this service and is leading the way with this cutting edge solution for financial institutions of all sizes. 3i Infotech provides the application, updates core banking systems and validates check images for Check 21 compliance using Mitek Systems’ mobile “IMagePROVE” technology.

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Travelex Prepaid Distinguished as Best in Category

The Travelex “OceanPay” Program has been awarded the 2011 Paybefore Awards “Best in Category” winner in the Most Effective Prepaid Solution category. Selected by a panel of five industry experts who served as judges for this year’s competition, Travelex “OceanPay” was chosen for its currency exchange and money transfer services, companion cards, on-board card printing and encoding and free Internet connectivity. Paybefore Awards recognize excellence in the prepaid and stored value card industry with these awards presented annually by Prepaid Media.

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Prepaid Solutions Expands Prepaid Service

Prepaid Solutions has signed contracts for its “OceanPay” maritime payroll product with International Cruise Management Agency (ICMA), Apollo Ship Chandlers and The Image Group. The “OceanPay” proprietary, comprehensive payroll solution is designed to mitigate the unique challenges and concerns of existing payroll processes faced by the maritime industry. The fully turnkey solution provides currency exchange and money transfer services, companion cards, on-board card printing and encoding and free Internet connectivity.

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FNDS3000 closes on THIRD tranchE of equity financing

FNDS3000 international prepaid processing company currently introducing electronic payment solutions to the South African market has closed on a $500,000 private placement. The third scheduled tranche of the $2.5 million, non-brokered equity financing agreement, this financing was led by Sherington Holdings and, when coupled with the related financings completed in October 2010 and January 2011, this financing brings the total amount of capital received to date under the October commitment agreement to $2 million. The final tranche of $500,000 is expected to be closed on or before July 1, 2011, for which proceeds will be used as working capital to support continued growth of FNDS3000’s South African prepaid card business.

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ACH Alert Names VP, business development

Kim A. Bruck has joined ACH Alert as Vice President, Business Development. This after having served as Manager for Association Services Member Support for Viewpointe and Senior Director of Education and Annual Payments Conference for the Wisconsin Automated Clearing House Association (WACHA). Prior to working for Regional Payments Association’s, Bruck has over 20 years experience working in the financial industry both for banks and credit unions. Bruck has served on the National Automated Clearing House Association’s (NACHA) Network Entry Topics Risk Management Product Group, the Account Takeover Task Force with FS-ISAC and Internet Council.

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Microsemi Semiconductors Enhances LCD Displays

Microsemi semiconductor technology has made available its “LXMG1645” quad-lamp CCFL backlight inverters with the proven StayLITTM fault-management feature. Customers have a choice of two versions, supporting either a 12 volt (V) or a 24 V input source. The StayLIT feature enables multi-lamp displays to continue operating, even during individual or multi lamp failures. The LXMG1645 quad-lamp family brings the StayLIT capability to larger, more complex LCD panels used in health monitoring, ATMs and other mission-critical applications that require reliable, uninterrupted operation with consistent, evenly lit display quality.

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Glory to Feature Casino Cash Management at NIGA 2011

Glory announced it will attend the Indian Gaming 2011 Trade Show and Convention in Arizona from April 3 ~ 5 to demonstrate its cash management products for casinos. Glory provides cash management solutions worldwide and will feature tools to facilitate this, such as the “SK-100A” kiosk for customers offering fast and accurate cash dispensing. It will also feature the PD-600 currency dispenser and the RBU-11 currency recycler are designed so that cashiers can redeem tickets and generate employee banks for floor attendants and F&B, both available for demonstration.

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CreditCall Launches E2E Encryption

CreditCall has launched its “CardEase Ultra” End-to-End Encryption (E2EE) solution providing fraud protection from the point of card acceptance all the way to settlement. This is designed to reduce complexity, time and cost for merchants to maintain or achieve their PCI DSS Compliance while making card payments more secure since the data does not exist in plaintext form.

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Bank of England Publishes Payment Systems Oversight

The Bank of England is publishing its “Payment Systems Oversight Report 2010,” an important element of its oversight work to establish how it implemented the statutory regime for oversight under Part 5 of the Act. It also addresses how the Bank carries out its oversight of the recognised UK payment systems. It reports on the key changes in the key UK payment systems and explains the focus of the Bank’s work in this field. The Oversight Report notes some areas where further measures to reduce potential systemic risks should be undertaken. They include Tiering; Payment arrangements for central counterparties; Default arrangements; Contingency arrangements; and Governance.

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