ILoveVelvet Launches mPOS Solution

ILoveVelvet is introducing its suite of hardware and software solutions to the United States retail market to provide mPOS payments, create a customized in-store experience, enhance product and customer knowledge and advance the training of sales staff. The main initiative with this is to enable retailers to provide custom shopping encounter while eliminating the payment queue. Compatible with Apple iPhones, iPads and iPods for in-store mobility, the Velvet “D-Holster” is a comprehensive cradle that allows retailers to scan bar codes and provide smart card and magnetic swipe readers for customer payment and loyalty cards. It also offers a contactless processor to reduce the global payment cycle.

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TRX Reaffirms Payment Card Industry Compliance

TRX process automation has reaffirmed compliance with PCI Data Security Standard v1.2 compliance. TRX reaffirmed compliance with the latest standards after undergoing an extensive on-site audit conducted by an independent third-party, operating in accordance with the PCI Security Standards Council. TRX has adhered to a data security standard designed to provide additional assurances that client-confidential data is kept secure. As part of the certification maintenance process, TRX undergoes quarterly external vulnerability assessments to ensure that key systems remain secure and compliant between annual certifications.

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AT&T Launches mPayment Application for SMBs

AT&T and Apriva have partnered to offer “AprivaPay” and “AprivaPay Professional” mpayment applications to enhance productivity and cash flow. The new applications allow smartphones to function as devices that accept credit and debit card transactions, tapping the worldwide mobile payments market, expected to grow from $68 billion in 2009 to more than $600 billion by 2014. The “AprivaPay” browser-based application allows businesses to process credit and debit transactions through the browser of their mobile phones. The “AprivaPay Professional” is a full featured application that is downloaded directly onto a smartphone.

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Ethoca360 Makes Available Risk Detection Solution

Ethoca360 “Signals” ideally suited as a partner solution, evaluates order transaction data elements and finds links, matches and behavioral patterns in the Global Fraud Alliance (GFA) repository that indicate either risk (negative signals) or probable safety (positive signals). These raw data signals complement any fraud prevention services a partner has in place today, because they leverage the pooled GFA member payment experiences to enhance fraud scoring accuracy, reduce false positives, improve manual review productivity and enable better decision making, by providing information about potential fraud risk that can’t be obtained any other way. Ethoca360 “Signals” can be completely contained and integrated into partner solutions.

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Skyline Provides PayYourRent.com RDC

PayYourRent.com announces Skyline’s “DirectFED” as their official remote deposit capture provider, allowing PayYourRent.com users to quickly scan paper checks for quick deposit. With online payments still at 25%, the rest still rely on paper checks, which “DirectFED” is targeting with its system by allowing businesses to scan the checks and directly process through PayYourRent.com. This partnership ultimately allows managers to save time by not having to run to the bank to deposit paper checks.

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Zong Appoints New VP, Analytics and Fraud Management

Zong online gaming mobile payment service has appointed Elena Krasnoperova to the newly created position of VP, Analytics and Fraud Management. Krasnoperova joins Zong with over 15 years of analytics, fraud and risk management experience and will now lead a growing team focused on security and privacy as Zong continues to expand and develop products. Krasnoperova spent 7 years at eBay and PayPal, where she built and managed the Marketplaces Strategy team, the PayPal Business Analytics team, and held a variety of leadership roles in PayPal’s Global Risk Management organization. Krasnoperova has a successful track record of enhancing e-commerce profits by implementing data-driven strategies and applying her knowledge of risk management, and brings this experience to Zong during a crucial growth period for the company.

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C$ cMoney Secures $100 Million Financing

cMoney mobile technology company has received a commitment of $100 million in funding from AGS Capital Group to support company expansion and launch of “C$ cMoney” mplatform for financial services. The “C$ cMoney” mobile payment platform enables consumers to send money or pay for goods and services through mobile phones anywhere that cash, checks or credit cards are accepted using technologies to eliminate exposure to identity and credit card theft. It also allows an individual to establish a financial profile to enact the seamless transfer of funds between multiple accounts at various financial institutions across the U.S., and eventually the world. The company is currently in talks with select national and regional banks who are interested in offering the product directly to their customers.

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CyberSource Granted Early Termination

The U.S. Department of Justice and Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Act”), with respect to the planned acquisition of CyberSource by Visa. Accordingly, the requirement under the merger agreement for the expiration or termination of any waiting period under the HSR Act has been satisfied. The closing of the transaction still remains subject to other conditions in the Agreement and Plan of Merger by and among Visa, CyberSource and Market St. Corp., a wholly-owned subsidiary of Visa.

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PayQuicker.com Expands Service through Partnership

PayQuicker.com global online payment system has been chosen as a partner with AffiliateTraction full-service performance marketing agency, thanks to its flexibility and cost savings. PayQuicker online payment processing and distribution platform that provides a safe and secure method to transfer, send and receive payments instantly for a fraction of the cost of other online payment options. Users can send payments for free, receive payments instantly and choose from six options to pull funds out of the system. The PayQuicker solution is especially beneficial to Affiliate Marketing as it integrates with affiliate networks and offers a “know your customer” level bank regulation look into the person being paid, cutting down on fraud.

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TransCard Expands Auto Bill Pay Solution

TransCard electronic payment and prepaid MasterCard, Discover, STAR and PULSE debit card solutions launched its initiative to expand its bill payment platform into a complete suite of enterprise payment settlement and reconciliation services. Offered specifically to enterprise clients, the payment solution implements TransCard’s automated payment toolkit, attaching pay anyone bill-pay, card, check, EBT, and person-to-person payments for managing, monitoring, and recording payments. The TransCard financial manager tool allows organizations to itemize and profile expenses, matching to categories and auto budgeting payments, and is integrated with the TransCard alert-system, which can broadcast transaction alerts to mobile, email, API, and RSS.

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Regis Deploys Epson Printer for 8,000-Unit Rollout

Regis Corporation has selected the newly-released Epson “TM-T88V” single-station thermal printer for an 8,000-unit rollout to Regis Corporation’s corporate salon locations throughout North America, including Supercuts, Cost Cutters, Regis Salons and MasterCuts. Regis Corporation chose the Epson printer because of its industry-leading energy efficiency, operational cost savings and high reliability. Epson’s TM-T88-series is has five million units installed worldwide.

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Mastercard Retail Report Shows Modest Spending Growth

MasterCard Advisors’ “SpendingPulse” report, tracking national retail and service sales in specific U.S. retail industries, reflects modest growth for June. eCommerce sales increased 9.7%, while subcategories such as apparel posted double digit growth for the seventh consecutive month. Luxury sales, which include high-end sales in restaurant, food stores, department stores, and high end retailers from the general apparel category, posted a decline of 3.9% in June. June’s Jewelry data posted a 10.1% growth, keeping the category in positive territory for the 8th straight month. The Electronics and Appliances category posted a positive year-over-year growth rate of 1.7% for June. Appliance sales remained relatively flat with 1% growth for the month. Additionally, Total apparel sales increased 3.3% following declines in April and May; footwear sales grew +0.3% and Men’s Apparel, also growing at +0.3%, reversed May’s declines; and women’s Apparel sales were down 1.6%.

JUNE RETAIL SALES
Luxury: -3.9%
Jewelry: +10.1%
Electronics:+1.7%
Appliances: +1.0%
Clothing: +3.3%

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