Paymetric Sales Up 100% Y/Y, Intros Compliance

Paymetric payment acceptance solutions reported 2010 referred sales revenue up 100% while total contract value grew 90% over the same period since the full 2009 year. Moreover, newly-signed customers to its portfolio grew 60% throughout 2010 thanks in great part to growing interest in tokenization delivered as an on-demand offering. Fanning the flames evermore, and running with its momentum, the company released its own “Data Intercept Solutions” for “XiSecure On-Demand.” Completely eliminating raw cardholder data from entering enterprise systems, “Data Intercept Solutions” for “XiSecure On-Demand” could qualify merchants for Self Assessment Questionnaire A (SAQ-A), diminishing the compliance requirement scope from 205 to 14 bullets. The solution ultimately lets companies manage, accept and integrate virtually every type of electronic payment originating from any enterprise system.

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ISTS

ISTS Worldwide retail and payments technology offshore subsidiary, ISTS InfoTech, recently completed an appraisal of their India operations against the Software Engineering Institute´s Capability Maturity Model Integration (CMMI) version 1.2. Conducted by KPMG India, the appraisal resulted in ISTS InfoTech achieving a CMMI Maturity Level 3 rating, covering its software development and related support processes and indicates that these processes are effectively managed and defined. ISTS Worldwide is an end to end IT consulting and services organization, providing custom development, integration and global execution capabilities for the retail-payments industry.

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Fiserv Changes eBanking Name & Function

Fiserv financial services have enhanced features and capabilities on its consumer online banking solution and renamed it “Retail Online.” The “Retail Online” enhanced solution features an advanced look and feel, new personal financial management tools and an integrated landing page that provides immediate access to the popular “CheckFree RXP” for bill payment and “ZashPay” person-to-person payments. It will be deployed by Fiserv within its community banking platforms throughout 2011 to offer the flexibility and convenience of around-the-clock, real-time access to account details and personal financial management tools, in addition to streamlined navigation. Upgraded features also include an enhanced landing page where consumers can pay bills; make person-to-person payments; and view a snapshot of their spending habits with “Spending Report.”

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G&D Expands OTA SIM Platform

Giesecke & Devrient carrier-grade OTA platform now offers advanced SIM and mobile device management for handsets on LTE networks through its upgraded “SmartTrust DP.” Its capabilities now provide mobile operators with a common, single platform for managing subscriber equipment regardless of network technology. The “SmartTrust DP” now gives the choice of IP messaging supported by handset and SIM as well as the option to avoid delivering OTA messages while a subscriber is not in its home network. The platform implements functionality and services for event reception interfaces, configuration management, charging, user administration, operation and maintenance, logging, statistics, reports, data storage and an API for external access to the unified repository.

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DFS & Corporate Billing Launch Credit Platform

DFS Executive Resources commercial sales financing solutions has joined an alliance with Corporate Billing to forge its “CBI Credit Plus Platform.” Letting users outsource risk management responsibilities and the credit risk, the platform provides better credit and improves liquidity and cash management. It also employs new technology to build stronger relationships and brand loyalty. Corporate Billing finance company provides specialized financing platforms to enhance brand loyalty, cash flow, and liquidity.

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Chase Paymentech Introduces Payment Security

Chase Paymentech merchant acquirer and payment processor has introduced its “Safetech” Fraud and Security Solutions suite, deployed separately or as a group to ultimately protect from POS global online fraud and data breaches. The Suite, which is primed to grow in the coming months, currently includes “Safetech” Fraud Tools and “Safetech” Encryption. The tools suite addresses the necessity to retain legitimate sales while preventing fraudulent transactions, which reached in excess of $3 Billion last year alone. The “Safetech” Fraud Tools combines Chase Paymentech’s transaction processing and scale with the patented technologies of Kount fraud detection technology. The “Safetech” Fraud Tools are useful on all currency and payment method.

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New West Intros Cloud POS and Inventory

New West Technologies has developed its mobile POS and inventory solution operated from the cloud, designed to scale and control handheld POS and Inventory units on demand. The “Mobile X” web portal acts as a control panel for the mobile registers, performs transactions, tender sales, updates inventory, and customers. Items, customers and configuration are all maintained and reported against in real-time from the web. The “Mobile X” updates and maintains the essential variables concerning POS and inventory management reporting in real-time, web based. This solution gives you and your staff control over multiple areas of your business with the freedom and versatility of a mobile device.

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ValidSoft Deploys Four-Factor Authentication

With card skimming having risen over 750% in the last 3 years given how easy scammers can copy the magnetic strip of a debit or credit card for use just as a legitimate debit or credit card, ValidSoft announced its 4-factor protection. Belgian debit cards will now only be accepted in 56 countries within and around Europe that use Chip and PIN enhanced security while ValidSoft electronic fraud detection and prevention solutions is pointing to its own “VALid-POS” solution. Correlating the origination of a purchase or withdrawal using a card to the proximity of the card owner through the card owner’s cellphone in less than half a second so banks can check the legitimacy of the transaction before it completes, “VALid-POS” stops suspected fraud immediately.

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Cardlytics SVP Awarded TAG 2010 Tech Marketing

Technology Association of Georgia (TAG) has named Cardlytics’ SVP, Rod Witmond, a winner of its 2010 top Marketing Awards. Recognizing Georgia-based technology marketers that demonstrate proven results and a track record of marketing innovation, the TAG Award commends Witmond, SVP, Product Management and Marketing as “Corporate Marketer of the Year” for his work with Cardlytics. He is responsible for driving the company’s branding and marketing, as well as managing the company’s media and analyst relations. Cardlytics has grown its portfolio significantly and is now providing millions of offers to consumers throughout United States through their banking relationships under Rod’s watch.

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77% of Merchants Expect 2011 eCommerce Revenue to Climb

UK merchants predict positive eCommerce growth in 2011 with only 2% expecting a decline. On average, 1.9% of 2010 orders accepted later resulted in fraud (compared to 1.6% in 2009), although this figure does vary by market sector. Furthermore, 59% of respondents expect fraud management budgets to remain stagnant in 2011, with 10% expecting to have less available. Meanwhile, merchants continue to expand with nearly 60% of UK merchants now accepting online orders from abroad. This, according to the seventh annual “UK Online Fraud Report” survey by Visa’s “CyberSource,” also indicates 59% of merchants say a delivery address is a good indicator of suspicion while 58% are more concerned about the IP address.

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MoneyGram Shows Americans Outpouring in Recession

Nearly half of U.S. residents said they donated cash to international disaster relief efforts over the past two years, with 43% having donated cash to fund international disaster relief efforts. Of these, 87% gave to relief efforts related to the earthquake in Haiti while 22% donated to the Chilean earthquake/tsunami that struck in February 2010. This, according to a national poll commissioned by MoneyGram International, also shows 72% will donate about the same or more to international relief efforts in 2011; 48% referenced for donating to international disaster relief efforts was “impact on children”; 27% of men and women between 18 to 34 indicated they will give more to international relief efforts in 2011, which is 10% higher than any other age group. Haiti was the leading relief effort for respondents ages 18 to 34 at 95%, and ages 45 and older at 80%.

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