ChannelNet Launches mBanking Solution

ChannelNet has made available its “Mobile Financial” solution to serve financial services organizations. With “Mobile Finance,” banking, insurance, and money management firms that sell and service through multiple sales channels can provide a separate and unique delivery channel for their growing mobile-enabled customers. Financial services customers are looking for ways to check their balances, find a branch office or ATM, and make payments and deposits while on the go. This is partly in response to research indicating 34% of mobile-oriented users say mobile function is “very important” while 39% of financial institutions offered access to banking services through a mobile device’s Web browser and 32% did so through text messages and alerts.

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OTI

On Track Innovations contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments, eID Systems and other applications, has completed the upgrade of Zanzibar’s Permanent Voter Registry, including the distribution of biometric-based voter cards, for the country’s electoral commission. It concluded with the completion of general elections in Tanzania and Zanzibar, with OTI having supplied its end-to-end solution, based on its proprietary “Voter ID Registry Magna” platform. The system captured the identity of eligible citizens, posted voter lists and issued voter ID cards which were used in the recent election. Enrollment was conducted throughout the country, both in urban and rural areas, using OTI’s mobile enrollment systems. OTI also provided mobile enrollment stations and incorporated a biometric Automatic Fingerprint Identification System (AFIS).

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miCARD Introduces Lifesaving Holiday Gift Card

The miCARD holiday gift card is being introduced as means to save lives. At $14.95, the “miCARD Gift Card” is designed to help ensure the health and safety of those who need it most, giving first responders a readable summary of a loved one’s vital medical information 24/7, worldwide, in less than one minute. It ensures that medical personnel have the essential information they need to make lifesaving decisions from any location. The miCARD Gift Card can be created securely online and is offered as either a printed gift certificate or it can be emailed for those hard-pressed to meet holiday postal deadlines.

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PHOENIX MANAGED NETWORKS

Phoenix Managed Networks has inked multi-year agreements with CT-Payment
to provide mission critical financial transaction transport services to
CT-Payment and its customers. With this, Phoenix Managed Networks will
deliver INTERAC payment card POS transactions to CT-Payment data centers
over Phoenix Managed Networks’ PCI-certified and encrypted network.
Phoenix Managed Networks, formerly HBNet, operates its encrypted payment
network throughout North America and Europe for transaction delivery
services to financial institutions, payment acquirers, ISOs and
merchants in the United States, Canada, Europe and the Caribbean.
Phoenix will also provide CT Payments and its customers with value-added
capabilities to assist in areas such as end-to-end encryption, risk
management, card security and management information and reporting, for
which Phoenix will continue to provide multi-protocol support for a wide
array of POS terminals and advanced levels of network availability in
the Canadian payments industry.

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Phoenix to Provide CT Payment Payment Transaction Delivery

Phoenix Managed Networks has inked multi-year agreements with CT-Payment to provide mission critical financial transaction transport services to CT-Payment and its customers. With this, Phoenix Managed Networks will deliver INTERAC payment card POS transactions to CT-Payment data centers over Phoenix Managed Networks’ PCI-certified and encrypted network. Phoenix Managed Networks, formerly HBNet, operates its encrypted payment network throughout North America and Europe for transaction delivery services to financial institutions, payment acquirers, ISOs and merchants in the United States, Canada, Europe and the Caribbean. Phoenix will also provide CT Payments and its customers with value-added capabilities to assist in areas such as end-to-end encryption, risk management, card security and management information and reporting, for which Phoenix will continue to provide multi-protocol support for a wide array of POS terminals and advanced levels of network availability in the Canadian payments industry.

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FIS

FIS banking and payments technology has signed a 10-year agreement with Banco Bradesco through its card processing joint venture, Fidelity Processadora e Servicos S.A. (FPS), further strengthening its Brazil operations. With this, FIS FPS will process and support Banco Bradesco’s private label Visa and MasterCard portfolios through 2020. Brazil currently has an average annual estimated gross domestic product (GDP) growth of 5% over the next five years, which FPS is well-positioned to serve having grown the number of cards on file by 37% per year over the past five years. During this same time period, credit card outstandings in Brazil more than doubled and analysts predict this growth trend to continue as credit and debit card usage as a means of payment has steadily increased among members of the country’s less affluent consumers.

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FIS Payment Kicksoff Brazil Operations

FIS banking and payments technology has signed a 10-year agreement with Banco Bradesco through its card processing joint venture, Fidelity Processadora e Servicos S.A. (FPS), further strengthening its Brazil operations. With this, FIS FPS will process and support Banco Bradesco’s private label Visa and MasterCard portfolios through 2020. Brazil currently has an average annual estimated gross domestic product (GDP) growth of 5% over the next five years, which FPS is well-positioned to serve having grown the number of cards on file by 37% per year over the past five years. During this same time period, credit card outstandings in Brazil more than doubled and analysts predict this growth trend to continue as credit and debit card usage as a means of payment has steadily increased among members of the country’s less affluent consumers.

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SCA Endorses Security Tiger Team Recommendations

The Smart Card Alliance is endorsing the Electronic Health Record (EHR) privacy authentication recommendations made by the HIT Policy Committee Privacy and Security Tiger Team. The group proposed rules it deems as necessary to provide a suitable trust framework for information exchange between EHR systems. Specifically, the Alliance agrees with the team’s recommendation that all organizations involved in health data exchange involving personally identifiable health information should be required to use digital certificates. This on the heels of the close to the Organization’s 9th Annual Smart Cards in Government Conference in Washington, D.C. Friday of last week. Organized to share status updates and lessons learned for projects underway, main points touched on at the Conference include the emerging National Strategy for Trusted Identity in Cyberspace (NSTIC), putting Personal Identity Verification (PIV) credentials to work for physical and logical access and identity management in healthcare. Through education programs, market research, advocacy, industry relations and open forums, the Smart Card Alliance keeps its members connected to industry leaders and innovative thought (2010/11/29).

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uMonitor Adds Credit Union Sales VP

uMonitor financial solution services has added Greg Campbell vice president, credit union sales. He will be focused exclusively on the credit union market to assist with the ever-increasing demand to improve efficiencies and next generation online banking services for credit union members. Bringing with him more than 20 years of computer software industry and sales experience to uMonitor, Greg previously held senior positions at Unified Physical Security, Oracle, Fiberlink and Ikon Video/IDX Technology and has managed sales teams and helped companies grow revenues and sales organization from start-ups to successful large companies.

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SmartyPig Launches Cash Rewards Prepaid MasterCard

SmartyPig has kicked off the “SmartyPig Cash Rewards Prepaid MasterCard” with no monthly maintenance, customer service or reload fees. It also lets users earn up to 10% cash back at more than 9,000 select U.S. retailers. The “SmartyPig Cash Rewards Prepaid MasterCard” lets SmartyPig online savings account holders now have the option to load funds anytime through their online account onto a prepaid MasterCard that can be used anywhere Debit MasterCard is accepted. The SmartyPig Cash Rewards Prepaid MasterCard was developed in response to requests from SmartyPig savers wanting additional redemption options with added flexibility, as well as ways to make everyday spending more financially rewarding. The SmartyPig Cash Rewards Prepaid MasterCard provides both acceptance anywhere Debit MasterCard is accepted and cash-back savings on everyday purchases. SmartyPig online social banking helps customers save for specific savings goals while earning high interest as well as cash back savings on everyday purchases. Family and friends can also contribute to an account via social networks.

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Balance Transfer Fees, Intro Rates Fall

Average balance transfer fees fell slightly in November on 0% balance
transfer credit card offers, as did the average length of 0%
introductory rates. Namely, Citibank increased the length of their Citi
Platinum Select Card’s balance transfer offer from 18 months to 21
months while the 0% introductory rate on the Citi Diamond Preferred Card
was increased from 12 months to 21 months. Presently, 21 months is the
longest 0% introductory rate on the market. Discover also increased the
length of their “Discover More” Card’s balance transfer offer from 15
months to 18 months, making it the second longest 0% introductory APR
available. This, according to a recent SmartBalanceTransfers.com monthly
survey, shows the overall average length of 0% balance transfer credit
cards surveyed in November was 11.18 months, down from the October
average of 11.6 months. Average balance transfer fees charged by major
credit card companies dropped to 3.63% in November from an average of
3.65% in October. This drop is thanks to in part to Citi having
decreased transfer fees from 5% to 3% on both credit cards that come
with a 0% APR for 21 months on balance transfers.

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