Datapipe Expands Partnership with Alert Logic

Datapipe managed services and infrastructure for IT and cloud computing and Alert Logic log management have expanded their partnership. With this, Datapipe’s turnkey PCI DSS compliance solution will now provide access to Alert Logic’s solutions for log management advanced security control. The Alert Logic solution is a critical piece of the PCI solution, utilizing Alert Logic “Log Manager” with “LogReview.” This offers Datapipe’s security team the tools to efficiently manage the complexities of this labor intensive process and ensure ongoing PCI compliance for their clients.

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BMO Bank of Montreal Expands ATM Access

BMO Bank of Montreal has Joined Acxsys Corporation’s International Card ABM Acquiring Service, allowing Unionpay, Diners Club International, Discover Card and PULSE cardholders to withdraw money from its more than 2,000 ATMs across Canada. This ultimately strengthens bank’s relationship with Diners Club International family by accepting the cards of other Diners Club franchises; provides BMO’s customers living in China access to their bank accounts while visiting Canada; and augments BMO’s “Newcomers to Canada” program, to help make newcomers’ transition to Canada smoother.

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OPN CARD

Ixaris global electronic payments launched its “Opn Card Guardian” payment application to automate corporate purchasing through one-time-use virtual Visa cards. The “Opn Card Guardian” solution lets Companies issue employees company-branded open loop virtual Visa cards that are pre-loaded with funds and configured in various ways to ensure that purchases comply with internal expense control arrangements for reduced reconciliation discrepancies and unauthorized purchases.The first commerce-enabled payment solution that provides open access to the Visa and MasterCard networks and global money transfer networks, “Opn Card Guardian” lets businesses create secure, compliant and flexible payment applications without the cost of legacy platforms.

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eLayaway Makes Leaps & Bounds in January

January 2011 saw eLayaway layaway payment processor increase the most in merchant acquisitions and new merchant inquiries. Although only twelve new merchants were chosen to join the eLayaway network last month, the diversity of their offerings will provide eLayaway members with more variety and some unique niche products. Backyard Discovery (swingsetsonline.com) and eSpecial Needs (eSpecialNeeds.com), both new eLayaway merchants for 2011, are perfect examples of how eLayaway can serve markets beyond those traditionally served by layaway programs of the past.

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Visa Europe & ValidSoft Seek to Cut Card Fraud

With increased consumer spending timeframes- such as the holidays or SuperBowls- comes increased opportunity for stolen card details, for which Visa Europe recently signed a contract with ValidSoft subsidiary of Elephant Talk Communications to combat. ValidSoft is a leading provider of electronic fraud detection and prevention, and specializes in card related fraud detection, prevention and resolution. With this partnership, ValidSoft will provide its card fraud detection and prevention technology “VALid-POS,” as well as “VALid” authentication capability. The “VALid-POS” instantly correlates origination of a purchase or withdrawal using a card, to the proximity of the card owner through the card owner’s cell phone, without ever tracking the user.

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Credit Card Solicitations on the Rise

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Credit card offers are back with 3Q/10 credit card direct mail volume having increased from the previous quarter by 600 million offers. Up over 100% on the second quarter to 1.2 billion mail offers, compared to only 391 million applications in 3Q/09, this demonstrates credit card issuers are showing more confidence…

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MasterCard Canada & CIBC Expand Contactless Payments

MasterCard Canada has signed CIBC as an issuer of its “PayPass”-enabled credit cards. With this announcement came CIBC’s to begin issuing its “Aventura World,” “Dividend Unlimited World” and the “Aventura” MasterCard “PayPass”-enabled credit cards. MasterCard “PayPass” eliminates wait time for both customers and merchants. Currently there are over 13,000 PayPass accepting merchants in Canada.

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Capital Access Network Introduces Remittance Platform

Capital Access Network (CAN) unveiled a Spanish language version of its Daily Remittance Platform. Introducing the concept of “daily remittance” finance through a demo of the DRP SPARQ Underwriting Module at FinovateFall 2010, the Platform offers small and mid-sized business (SMB) lenders, lessors, processors, acquirers, banks, credit card issuers and other working capital providers improved risk, decision-making and portfolio performance visibility. Advancing past simple credit score-based underwriting, DRP integrates all components of a finance operation into a single business layer, including required workflows and accounting modifications, enabling the provider to be in-market within 90-180 days.

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Cardholders Cut up Credit Card Cards, Turn to Debit

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Debit transactions outpace credit card transactions by a wide margin and are expected to grow thanks in great part to the economy and the cloudy perspective many have on the future of their finances. Outside the United States even, consumers in the UK are consciously choosing to use debit cards (and…

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doxo Adds Payment Capability for e-billing

doxo online place for consumers to get organized and go paperfree has made available its “doxoPAY” online payment feature. Letting users receive, manage, file and pay their bills, “doxoPAY” delivers payment for credit cards, utilities, cable, mobile, insurance and mortgages. Furthermore, with more than 50% of all consumer bills paid electronically and only 15% actually delivered paperlessly, “doxoPAY” addresses the “paperless adoption gap” through its 100%-paperless initiative. Users are granting permission for that business to turn off paper mail and deliver documents securely and privately to their doxo account, can track due dates and pay bills directly from within doxo.

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Omnego Appoints Board Chairman

Kenneth Traub has been appointed Chairman of the Board with Omnego mobile technologies. Currently President and CEO of Ethos Management private investment and consulting firm engaged in a wide range of global initiatives, Traub is also a member of the Board of Directors of iPass enterprise mobility services and with Phoenix Technologies computer input/output systems. He also serves as Chairman of the Board of the NJ Chapter of Young Presidents Organization. He holds an MBA degree from Harvard Business School.

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