Retail Pro Announces New HP POS Certifications

Retail Pro scalable POS solutions has received certification for its “Versions 8” and “9” on the HP ap5000 and HP rp5700. Retail Pro’s flexible architecture includes POS, store management and back-office/merchandising capabilities to allow retailers to operate retail enterprises ranging from small chains to large multi-national, multi-channel, multi brand conglomerates, as well as franchises and manufacturer’s outlet stores. Retail Pro International is a global leader in POS, Store Operations, and Back-Office software applications for the specialty retail industry.

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MONEYGRAM

MoneyGram International global money transfer has signed the Savings Bank of the Russian Federation (Sberbank), expected to be MoneyGram’s largest regional agent. The bank will introduce MoneyGram services initially in more than 7,000 locations with plans to expand to 10,000 bank branches. Russia is the third largest send market in the world after the U.S. and Saudi Arabia. Countries that receive the most in remittances originating in Russia are: Uzbekistan, Tajikistan and Ukraine. Russia is also in the top 20 receive countries in remittances. The MoneyGram International network is comprised of 200,000 agent locations in more than 190 countries and territories.

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MosChip Launches Four Multi-Function PCI Express Chips

MosChip Semiconductor Technology high performance connectivity solutions has announced its “MCS99XX” multi-function “PCI Express” (PCIe) controller chipset consisting of four devices. The connectivity controller chips provide built in support to enable a variety of PCIe to multiple I/O (IO) connectivity options. Well-suited applications include connectivity for docking stations in popular media players; serial attached devices; serial networking / monitoring equipment; POS terminals; parallel / printer ports; add-on serial and / or parallel I/O cards; embedded systems I/O expansions; and industrial control, security, monitoring and PC applications. The MosChip fabless semiconductor company was founded in 1999 with headquarters and a design center in Hyderabad, India.

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INTERSWITCH

Interswitch switching transaction and electronic payment processing firm has attained the PCI DSS certification, joining the group of over 1,000 service providers worldwide. External auditors from Qualified Security Assessors (QSA) and Approved Scanning Vendors (ASV) have meticulously examined and tested Interswitch’s software architecture to ensure that it meets the highest security levels. Interswitch is the first company in Nigeria to achieve PCIDSS compliance and joins the elite group of 21 other companies across Central Europe, Middle East and Africa.

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Ceridian Corporation Names New CFO

Stuart C. Harvey, Jr. has been named CFO with Ceridian Corporation payroll, benefits and payment solutions, effective August 16. Most recently the CFO with Elavon global payment solutions, Harvey was a managing director with the investment banking firm of Piper Jaffray in Minneapolis. He is a graduate of Saint John’s University in Minnesota, earned a law degree from The National Law Center at The George Washington University and an MBA degree from the J.L. Kellogg Graduate School of Management at Northwestern University. Ceridian is a leader in payroll outsourcing, gift cards and corporate expense management, concentrating on payment innovation.

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EPS

Net1 Universal Electronic Technological Solutions has received an order for a further 1.2 million Universal Electronic Payment System (“UEPS”)-enabled smart cards from the Iraqi Government. NUETS expects the delivery of these cards to commence towards the end of September 2010 at the rate of 200,000 cards per month. Since the project’s inception in August 2008, NUETS will have provided a total of 3.45 million UEPS smart cards to the Iraqi consortium for the distribution and payment of government grants to war victims, government pensioners and beneficiaries of the Ministry of Women affairs, as well as salary and wage payments to employees of the two Iraqi state banks. Over 1.5 million UEPS smart cards have been issued to beneficiaries to date with monthly grant payments reaching 600,000 beneficiaries per month, as payments are effected by Government on alternative months.

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GlobalPlatform Launches Client API specification

GlobalPlatform has launched a “Trusted Execution Environment (TEE) Client Application Programming Interface” (API) Specification to support mobile devices and manage applications containing sensitive data in a trusted manner. The TEE is a secure area that resides in the main processor of the phone and guarantees that sensitive data is stored, processed and protected in a trusted environment. GlobalPlatform’s “TEE Client API” Specification defines the communication between applications running in a rich operating environment, typically on top of a smartphone operating system, and the applications residing in the TEE.

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DIRECT DEBIT HSM

Direct Debit payments-management software has introduced its “Hardware Security Module (HSM),” which forms part of the PayCentre multi-payment processing platform to automate and streamline the lifecycle of card and payments processes. The HSM module of PayCentre enables Direct Debit Limited customers to submit payment files to Bacs automatically. This alleviates risks involved in payments submission processes including human error and fraud for a more secure alternative to smart cards. Direct Debit Limited has designed PayCentre for organisations with high volumes of submissions.

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Veritec Markets Asian Co-Branded Prepaid Debit Cards

Veritec Financial Systems entered into a memorandum of agreement with Global-TV to market the “Global-TV – blinx On-Off” co-branded Debit card. Slated to launch in September, the mobile banking debit card provides a secure reloadable debit card that may be used at most ATM machines and when making retail purchases. VTFS markets and sells prepaid card programs and provides back-end prepaid card processing services on behalf of banks to card sponsoring organizations. VTFS’ debit cards are more secure than cash because consumers will be able to turn their debit cards “on” and “off” and transfer money instantly from card to card with phones or Internet.

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Delinquencies Fall Below 15 Year Average

Credit card delinquency appears to be waning in the second quarter, having fallen to 4.66% among major card issuers and 21 basis points on the ABA delinquency rate scale. The sequential decrease in quarterly delinquency (30+ day) among the nation’s top issuers was .52% quarter over quarter, down from the 1Q/10 figure of 5.18%. Overall card delinquencies fell more than half of one percent to 3.88% from 4.39% of all accounts which is below the 15-year average (3.93 percent). Capital One reported 30+ day performing delinquency rate of 4.79%, compared to 5.30% for the prior quarter, while Discover posted corresponding data of 4.52%, compared to 5.05% seen in the prior quarter. For complete details on consumer credit card delinquency, visit CardData.com (http://www.cardweb.com/carddata/).

Top U.S. Issuers
30+ DAY DELINQUENCY
(minimum $50 billion in outstandings)
2Q/08: 4.00%
3Q/08: 4.36%
4Q/08: 5.16%
1Q/09: 5.92%
2Q/09: 5.77%
3Q/09: 5.50%
4Q/09: 5.35%
1Q/10: 5.18%
2Q/10: 4.66%
Source: CardData (www.carddata.com)

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NCR Announces 2Q/10 Revenue up 5%

NCR Corporation reported financial results for the three months ended June 30, 2010, with revenue of
$1.18 billion, up 5% from the year ago period. In the Europe/Middle East/Africa (EMEA) region, revenue grew 10% from 2Q/09 thanks to a higher volume of product sales to customers in the financial services, retail and hospitality industries. The 3% revenue increase in the Asia-Pacific-Japan (APJ) region, compared to the year-ago period, was due to increased product sales in the retail industry in Japan and higher services revenue in the retail and financial industries across the region. Revenue increased 2 percent in the Americas region over the prior year period due to growth in the entertainment industry and increased volume of product sales in the retail industry, which were partially offset by lower volumes of products and services to customers in the financial services industry. Foreign currency translation positively impacted revenues by 2 percent. NCR secured a rollout of its Intelligent Deposit offering at a large regional U.S. bank for the replacement of several hundred ATM units with NCR’s “SelfServ” 32, 34, and 38 with “APTRA Edge” and “APTRA Exchange” software solutions. NCR expects full-year 2010 revenues to increase in the range of 2 to 5% on a constant currency basis compared with 2009.

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Merchant Warehouse to Demonstrate Payment Processing

The Merchant Warehouse VP of Business Development will be demonstrating its Partner Channel at the RSPA RetailNow 2010 Conference, July 25-28. The merchant accounts and credit card processing solutions presentation will focus on developing strong, profitable and mutually beneficial partnerships with Merchant Warehouse’s current and future partners, as the company places additional focus on the partner channel. Merchant Warehouse will also be demonstrating two of its innovative products, including the “MerchantWARE TransPort,” which allows POS developers to remove the card processing function entirely from their software while retaining full functionality through a “transactional portal.” Also, they will be demonstrating “Pay @ the Table” with BINsmart, a wireless solution for payments.

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