TNS to Demonstrate Payment Gateway

Transaction Network Services is set to demonstrate the latest version of its “TNSPay” gateway service in the UK and Ireland, along with other key merchant payment solutions and products. The Expo takes place on March 16 and 17 and includes a dedicated exhibition and conference focused exclusively on cards and payments. The “TNSPay” multi-channel payment gateway service is pre-accredited by leading UK and Irish acquirers and lets merchants process EMV Chip and PIN, eCommerce, mail and telephone order transactions using a PCI DSS certified payment gateway.

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Xenomorph Data Management Expands in Apac

Xenomorph analytics and data management solution provider now supports capability in the Pacific with the relocation of two senior employees from the UK to Australia, including Chris Budgen, Chief Technical Architect and Founding Director, and Irina Taran, Senior Developer. They have moved to Melbourne and Sydney respectively to boost the company’s presence in and enhance Xenomorph’s technical support offering to regional clients.

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E-Debit Global & ebackup Ink JV

E-Debit Global has inked joint-venture agreements with ebackup to provide technical and marketing services for ABM, POS, OCB, E-Commerce and other Card Services throughout North America. To “Capital Six Limited” ebackup brings to the table additional owned computer and network infrastructure to create an end-to-end service model and facilitates lower cost placements and processing services allowing for better margins and automated management systems to maintain cost controls. ebackup “Cloud” based PCI compliant data centers and backup service providers offers cost effective and secure data asset protection through automated solutions that are fully scalable to its customer’s needs while E-Debit Global manages debit, credit and online computer banking.

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Flint Telecom Gets in on $8.2 Billion Remittance

The Flint Telecom Group subsidiary, Ingedigit International, is now a 40% shareholder in “Remit2Vietnam.” The Australian-based “Remit2Vietnam” markets prepaid debit card and remittance programs from Australia and the United States to Vietnam, seeking to tap the market of 1.6 million Vietnamese living in the United States and approximately 300,000 living in Australia. Over $8.2 billion dollars were remitted to Vietnam last year and is growing year on year. With these developments, Ingedigit International will provide the necessary program development and technical expertise and access to its existing prepaid debit card issuing bank relationships in the United States.

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Revolving Debt Back on the Slide

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After having seen an increase for the first time in 27 straight months for December to $799.7 billion- from $797.0 billion in November- revolving credit dropped 6.4% year-over-year in January to $795.5 billion. This after consumer credit debt dropped consistently for nearly 2 and half years from its peak of $973.6…

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Overdraft Fees Remain Flat

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The National median price of overdraft fees has held at $28.00 for the past seven months, up 11% since 2008. Banks with greater than $50 billion in assets are shedding the average consumer checking account thanks to the loss of the fee revenue from overdrafts. These findings, according to a recent…

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Discover & InteliSpend Forge Prepaid Issuing Agreement

Discover has inked agreements allowing InteliSpend Prepaid Solutions to issue and program manage prepaid cards on its network. This further enhances Discover’s prepaid cards with business-to-business incentive needs and expands its license for InteliSpend’s “DirectSpend SM RAN” process. The combination of the agreements provides for the issuance of point-based, commissionable RAN prepaid cards across the Discover network and sets the foundation for future program development for both companies’ clients and merchant partners. InteliSpend will process, issue and fulfill orders, take on risk and provide client and customer service support for Discover clients.

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Allpoint Surcharge-Free ATMs to Power Intuit

Cardtronics’ Allpoint surcharge-free ATM network has inked agreements with Intuit to provide surcharge-free ATM access at 43,000 Allpoint ATMs for all Intuit Refund Card and Intuit Pay Card customers. Intuit Refund Card and Intuit Pay Card enable a customer to deposit, respectively, their tax refund or payroll directly onto a prepaid card. Allpoint program cardholders have surcharge-free access to ATMs across the United States, Mexico, the United Kingdom and Australia at high-traffic retail locations.

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Lecere Launches Credit Card Processing

Lecere software development has made available debit/credit card processing through its “FIRMS” software, which has been integrated with the iPay POS mobile processing solution for card payment acceptance. The iPay POS solution supports the iMag, uniMag, Daily Systems, and the P25-Mi reader/printer and card readers. iPay POS is currently compatible with 35 gateways, including Authorize.net E-Commerce, Authorize.net Retail, Authorize.net compatible gateway, Evertec, MerchantGuy, PayPal Website Payments Pro, PlanetAuthorize, RedFin, SkipJack, and 26 others. More are being added as they become available.

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Allied First Bank Implements IBT RDC

IBT financial services products and process innovation and customer experience has deployed its “I2RDC” remote deposit capture solution with IL-based Allied First Bank. The “I2RDC” remote deposit capture lets business customers electronically deposit right into their account at their convenience, providing images immediately available for viewing or researching through the I2OLB (Online Banking). TX-based IBT specializes in real time channel integration software applications with its unique design making all information available simultaneously across all delivery channels.

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First Data Patents Multiple Pre-Paid Card Activation

First Data payment processing has been granted U.S. Patent No. 7,822,640 for technology to activate multiple prepaid cards at the POS. The “Multi-card Bulk Package Identifying Activation Systems and Methods” patent covers technology that allows merchants to activate all of the cards within a multipack at once rather than having to individually scan or key in each number. Also First Data uses the technology to generate an additional account number for the entire package when multiple packs are purchased, which could be for open- or closed-loop cards.

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SAS Patents Fraud Detection Technology

SAS software and services received patent approval for “Computer-Implemented Predictive Model Generation Systems and Methods” for technology driving its “Fraud Management. The “SAS Fraud Management” platform employs a “Self-Organizing Neural Network Arboretum” (SONNA) modeling capability to build its unique hybrid approach to consortium and custom models. SAS Fraud Management offers significant improvement in fraud detection performance compared to the performance of regular, non-linear modeling techniques like neural networks. A “score-on-demand” process helps card issuers obtain updated scores based upon the passage of time. The SAS solution provides the creation of risk-based reason factor groups, giving an organization’s fraud operations and analytics groups more insight and context to the risks and reasons behind the model score – optimizing responses and automating actions to a high-scoring transaction.

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