Heartland Named to InformationWeek 500

Heartland payments processor has been named a top technology innovator for the fourth year in a row by InformationWeek, ranking among the top 200 companies on the InformationWeek 500. Heartland was namely honored for its “E3” end-to-end encryption technology designed to protect sensitive credit and debit card data from the moment of card swipe or key entry and rendering information useless to cybercriminals in the event of a compromise. E3 charges no extra fees or large equipment investment. Since commercially launching E3 on May 24, 2010 at the National Restaurant Association-Hotel-Motel Show, 4,478 Heartland merchants have adopted the technology, demonstrating the commitment business owners across the country have made to securing sensitive data.

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mopay & Gate2Shop Launch Unbanked Shopping

mopay mobile payment solutions has partnered with UK-based Gate2Shop e-commerce solutions. With this, Gate2Shop will integrate mopay into its portfolio of payment methods and expand into mobile payments, offering clients a payment option especially designed to reach unbanked and underserved consumers. mopay allows Gate2Shop to offer mobile payments in more than 60 countries, enabling Gate2Shop clients to monetize the target group with limited access to bank accounts or credit cards. Gate2Shop e-commerce provides solutions for software, gaming and digital service vendors.

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CB

The Conference Board Leading Economic Index (LEI) for China increased 0.5% in July to 147.6 (2004 = 100), following a 0.7% increase in June and a 0.9% increase in May. Two of the six components contributed positively to the index in July. Meanwhile, the Conference Board Coincident Economic Index (CEI) for China, which measures current economic activity, also increased 0.5% in July to 187.3 (2004 = 100), following a 1.0% increase in June and a 0.9% increase in May. Four of the five components contributed positively to the index in July.

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MOPAY

mopay mobile payment solutions has partnered with Gate2Shop
e-commerce solutions. With this, Gate2Shop will integrate mopay into its
portfolio of payment methods and expand into mobile payments, offering
clients a payment option especially designed to reach unbanked and
underserved consumers. mopay allows Gate2Shop to offer mobile payments
in more than 60 countries, enabling Gate2Shop clients to monetize the
target group with limited access to bank accounts or credit cards.
Gate2Shop e-commerce provides solutions for software, gaming and digital
service vendors.

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CB

The Conference Board Leading Economic Index (LEI) for China increased 0.5% in July to 147.6 (2004 = 100), following a 0.7% increase in June and a 0.9% increase in May. Two of the six components contributed positively to the index in July. Meanwhile, the Conference Board Coincident Economic Index (CEI) for China, which measures current economic activity, also increased 0.5% in July to 187.3 (2004 = 100), following a 1.0% increase in June and a 0.9% increase in May. Four of the five components contributed positively to the index in July.

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Global Payments & Verifone Bring mPayment to Canada

VeriFone Systems has announced Global Payments electronic payment processing will distribute and support the VeriFone “PAYware Mobile” secure card payment system in Canada, the first payment processor to offer the card processing solution for the iPhone in North of the border. Fitting snuggly over the iPhone 3G and 3GS to accommodate secure card swipes and offer lower-cost “card present” transaction fees, the “PAYware Mobile” card encryption sleeve will be made available immediately to Global Payments merchants. Incorporating VeriFone’s end-to-end encryption technology to ensures secure payment processing, the system currently incorporates a secure mag-stripe card encryption reader for iPhone and a PA-DSS validated App and has an EMV version on the way.

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Crescent Crown Deploys OnTrak POS Management

OnTrak Software announced Crescent Crown Distributing is utilizing the “SignTrak” software solution for custom POS. “SignTrak” Web-based and mobile solution helps Crescent Crown increase its sales through the management, control and measurement of its printed POS signs. SignTrak allows Crescent Crown to order, track and manage their entire custom and temporary POS process, from initial order through to production and display.

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IRN Payments Deploys Igenico mPayments

IRN Payments Systems has chosen Ingenico’s “ROAM” Mobile Payments solution to offer to its merchants. Ingenico will supply IRN with the PCI-DSS certified ROAM mobile payments application along with the ROAMpay Swipe card reader that operates off the merchant’s phone audio jack. This device agnostic mobile software, combined with the encrypted card reader, will turn merchants’ smartphones into cost-effective mobile Point-of-Sale (POS) devices. The Ingenico ROAM Mobile Payment software and swipe card reader can be used on a wide variety of mobile devices including BlackBerry, Android, iPad, and iPhone (2G, 3G, and 4G).

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DCS Enhances Instant Issue mPayments Platform

Dynamic Card Solutions (DCS) has officially expanded its “CardWizard” “Perso-to-Go” personalization of NFC Micro SD cards. With the “Perso-to-Go” platform, users are provided a fully integrated solution that conveniently personalizes cardholder information onto various NFC payment form factors at the branch level. This includes embedded NFC chips in mobile phones, various contactless stickers, key fobs, and now Micro SD cards. No over-the-air (OTA) personalization is required, and because Perso-to-Go provides instant activation capabilities, the personalized device can be immediately used for contactless point-of-sale purchases. DCS’ “Perso-to-Go” offers instant personalization for contactless payments and offers issuers instant activation, meeting both EMV and MSD contactless specifications worldwide security requirements. DCS offers instant issuance and PIN selection solutions for banks, credit unions and retailers that issue magnetic strip, EMV and contactless cards.

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American Express to Host Live-Stream Performance

American Express announced that John Legend and The Roots will perform at Terminal 5 in New York City on September 23 as part of “Unstaged: An Original Series from American Express.” It was also announced that award-winning filmmaker Spike Lee will direct the headline performance. The show represents the second installment of American Express’ “Unstaged” program, which launched in July, and is the latest offering from American Express in partnership with VEVO, the leading online premium music video and entertainment service, and YouTube, to feature five live-stream concerts with some of today’s most talented musicians and directors over the course of the year. The performance, which will also feature surprise musical guests, will be live-streamed at 9:00PM/ET at www.youtube.com/johnlegendvevo and coincides with the highly anticipated collaborative album release, Wake Up!, from Legend and The Roots on September 21.

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Aptys Solutions Licenses DataTreasury’s Image Capture

Aptys Solutions payments network for financial institutions for all aspects of payment processing has purchased a license to use DataTreasury’s image capture. The image capture solution centralizes processing and electronic storage of document and check information. DataTreasury has aggressively protected its patents against banks and financial services companies in recent years, having recently won a judgment against U.S. Bancorp, Viewpointe and The Clearing House Payments Co. for $27 million. This licensing agreement ensures that there will be no barriers to technological growth for Aptys Solutions in relation to image capture and guarantees that its customers will be protected from any future issues regarding the patents.

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Average Card APRs Eek up M/M, sit at 14.15%

Core credit card interest rates have been rising and will likely rise higher by early next year. At the start of the recession average credit card APRs hovered around 16%, dropping to a rock bottom 12.64% earlier this year. Over the past 8 months since, rates have been steadily increasing and for the month of September sit at an average of 14.15%, compared to 14.12% last month. According to CardTrak, average credit card APRs declined from 16.02% in December 2007 (recession start) to 14.55% in September 2008 (credit crunch) to sit where they are now. Moreover, purchase rates are up nearly 20%; balance transfer fee maximums have increased almost 34% (from a maximum average of $94 in January to maximum average of $126 in July); and issuers that have changed their rates the least include American Express and Bank of America while the issuers that have increased rates the most are Capital One, US Bank, Discover and Citi.

CREDIT CARD APRS
Aug 08: 14.77%
Sep 08: 14.68%
Oct 08: 14.55%
Nov 08: 14.37%
Dec 08: 14.17%
Jan 09: 14.11%
Feb 09: 13.98%
Mar 09: 13.96%
Apr 09: 13.96%
May 09: 13.99%
Jun 09: 14.01%
Jul 09: 14.12%
Aug 09: 14.39%
Sep 09: 13.99%
Oct 09: 13.89%
Nov 09: 13.01%
Dec 09: 12.87%
Jan 10: 12.64%
Feb 10: 12.64%
Mar 10: 12.94%
Apr 10: 13.11%
May 10: 13.65%
Jun 10: 13.99%
Jul 10: 14.10%
Aug 10: 14.12%
Sep 10: 14.15%
Source: CardTrak.com

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