Top Image Systems Appoints Senior VP

Clive Williams has been appointed Senior VP to lead Top Image Systems (TIS) Enterprise Content Management solutions’ Banking Business Unit. Bringing with him over 20 years’ executive management experience in the banking and financial services market to the role, Williams was most recently a Senior Solutions Director for Enterprise Retail Banking, Wealth Management and Compliance and Risk with Misys International Banking Systems, where he also served as member of Misys’ Banking Solutions Operating Board and Strategy Council. During his tenure at Misys, Clive oversaw Strategy, Development and Delivery of Misys’ solutions and related business activities.

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Most Retail Spending Sectors Up in January

MasterCard Advisors “SpendingPulse,” tracking national retail and services sales, in January recorded strong growth. Specifically, Total Apparel sales continued to do well with all sub-sectors posting solid year-over-year increases, mostly in the Teen and Men’s sub-sectors, up 12.8% and 8.1% year-over-year, respectively. The Electronics and Appliances sector posted a year-over-year decline of 3.8% in January following a year-over-year increase recorded in December while the Consumer Electronics sub-category declined by 3.3% and the Appliance sub-category fell sharply by 6.4%. But e-Commerce posted double digit year-over-year increases for the third consecutive month, growing 12%.

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Maas Global Supports PRIDE Virtual POS Solution

Maas Global Solutions Corporation (MGS) has partnered and is investing in the PRIDE Payments Network and will now provide its processing for the PRIDE Virtual POS Terminal. Namely, MGS will provide PRIDE technological and intellectual capital to expand into the global marketplace and offer its merchant clients PCI/HIPAA-compliant integrated gateway connection via a virtual terminal; acceptance of all major debit/credit cards, eCheck/ACH and electronic processing of paper checks; a processing engine for any type of alternative payment transaction; real-time transaction reporting analytics to drive a merchant’s future sales; and smaller merchants an integrated, inexpensive and secure processing platform to stay competitive. PRIDE is built on expertise gained through First Data personnel.

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Expert Group Installs ATMs with New York Bagel

Expert Group has installed its ATMs at New York Bagel Deli (NYBD), which is expanding its operations rapidly with multiple locations. Going on selling their 15 millionth bagel in South Florida, is looking to the Expert Group to further expand by implementing the 24 hour ATM network. Deploying this network allows ATM digital screen advertising to target specific consumers. This allows broadcasting content on the ATM digital screen through scrolling text, movie clips and commercials. Moreover, the ads can be created, scheduled, distributed, displayed and managed with reports generated from EXPERT ATM transcripts and can be inserted into the ATM digital screen program.

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Twitpay Social Payments Nails Down Growth Funding

Twitpay social media payment technology now has money to grow thanks to TomorrowVentures and CompuCredit Holdings. Having secured its undisclosed growth funding, Twitpay can expand its existing service offerings and continue its focus on serving nonprofit organizations looking to raise funds directly over Twitter, social gaming developers offering virtual currency and retailers facilitating social commerce. This is in conjunction with its recently announced a partnership with Incomm to offer social gaming publishers access to a customized promotion and lead generation platform designed specifically around the social gaming model. The first social gaming campaign is due out in early 2011. Twitpay ultimately touts itself as a provider of payment systems solutions for social media networks.

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O2 Seeks m-Money Play License

O2 is applying to the UK’s FSA for an e-money license later this year. This will let it offer financial services and facilitate payments without a banking partner and is in conjunction with having set up a personal finance unit last year. It also coincides with Everything Everywhere announcements to team with BarclayCard to launch the UK’s first commercial contactless mobile phone payments system. O2 has also participated in contactless mobile payments trials for London’s Oyster card and partnering with high street bank NatWest to launch Visa pre-paid cards.

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ShopSavvy Names PayPal Expert its VP, Product

The personal smartphone shopping companion ShopSavvy has appointed Matthew Weathers VP, product. Former product lead for PayPal Mobile, Weathers will lead the development of ShopSavvy’s mobile commerce strategy with QuickPay, which enables ShopSavvy users to purchase the products they scan without ever leaving the application. Weathers was part of the actual founding team for PayPal Mobile and led the mobile product team for four years. He oversaw installation and establishment of P2P payments, eBay mobile checkout, and mobile merchant services after having led PayPal’s merchant business on ecommerce checkout flows. Matthew holds an MBA from the University of California, Berkeley and a Ba from UCLA.

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Aramor Payments Offer E-Commerce Sites Payment Alternatives

As many are choosing to not use credit cards to make purchases on Web sites, with holiday credit card use at only at 28%, Web sites need to find payment alternatives that let consumers use their personal checking accounts to pay for goods and services. Among these alternatives is ACH processing, allowing e-commerce sites to obtain funds from a person’s bank account. Also, sites are deploying Check 21, in which a photo is taken of the check and sent electronically through banking systems, resulting in faster payment and notification of returned checks and thus expediting the check-clearing process. These allow merchants to reach a wider audience as more are putting away their credit cards.

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Amergence, Altitude Organic to Implement CannaMerchant.biz POS

The Amergence Group’s Altitude Organic Licensing Corporation has signed a 2-year joint-venture contract with Adilas Corporation to implement “CannaMerchant.biz” POS software systems. Altitude Organic stores receive a $97-$187 monthly price on “CannaMerchant” depending on volume. The Altitude Organic Corporation generates revenue within the fastest growing industry in the United States. The company generates revenue by licensing its Altitude Organic Federal Trademark and seed-to-sale business services to dispensaries in Colorado and California.

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TSYS and CASSIS International Ink mNFC Partnership

TSYS has partnered with CASSIS International to provide secure mobile payment, loyalty and commerce functionality. Globally certified by Visa and MasterCard, CASSIS serves banks, retailers, transit operators and mobile service providers and will allow TSYS to provide secure mobile payments, loyalty, rewards and coupons to its bank and merchant customers on a full range of mobile solutions. This also helps CASSIS further achieve a global TSM network to make mobile NFC safe and profitable.

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SwiftKnowledge Launches Pre-Built S-A-S Banking Analytics

SwiftKnowledge web-based business intelligence (BI) software is deploying its “SwiftKnowledge for Banking On Demand” cloud computing-based suite. This will help banks identify and manage risk; enhance customer insight; and improve product, pricing and channel efforts. The “SwiftKnowledge for Banking On Demand” platform offers pay-as-you-go pricing, fast deployment, support of industry standards, reduced in-house IT support requirements, and out-of-the-box integrations with major banking core processors. It also provides greater visibility so bankers can better predict, prevent and respond to critical opportunities or challenges. It integrates with any core or ancillary banking system, and provides the key BI applications needed to run today’s finely tuned bank.

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Mercator Examines PCI Fraud and Prevention Methods

PCI risk managers are implementing new fraud prevention for authentication at the moment the transaction begins. As fraudsters become more sophisticated so must payment processes evolve, but global fraud is at a relatively low and stable rate. This, according to a new Mercator Advisory Group report “The Evolution of Payment System Risk Management: And the Changing Dynamics of Credit Card Fraud Prevention,” also shows fallout from security breaches has stimulated the industry to innovate with a paradigm shift amidst the conceptualization and implementation of payment card data security. The report assesses selected available statistics about card fraud as reported by various reporting bodies around the world, presents the discussion of how fraud prevention paradigms are shifting to incorporate emerging technology in the market, as well as more sophisticated schemes by fraudsters.

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