BankAtlantic Implements DCS Instant Card Issue

BankAtlantic has upgraded instant card issuance technology to offer unembossed debit cards at 99 of its branch locations through Dynamic Card Solutions (DCS) instant issuance and PIN solutions for magnetic stripe, EMV and contactless cards. BankAtlantic first started working with DCS in 2006 to implement an instant issue program for their MasterCard debit card program using embossed technology. With this upgrade, BankAtlantic converted to “DCS’ FCP 20/20” flat card printers and issues personalized unembossed debit cards to customers through the DCS “CardWizard” instant issue software. The “FCP 20/20” flat card printers allows BankAtlantic to offer and produce from “branded white stock” a variety of images that cardholders can select for their card background. DCS’ CardWizard software transfers all personalization data fully encrypted to the “FCP 20/20 printer” before the unembossed debit card is issued to the cardholder.

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Dollar Financial Appoints New Senior VP, eCommerce

Carole Cross has been appointed Senior VP of eCommerce with the Dollar Financial diversified financial services company. Serving unbanked and under-banked consumers for over 30 years, Dollar Financial chose Cross thanks to her wealth of experience, most recently gained at Armstrong World Industries as the GM, eMarketing. Prior to this, Carole was the eChannel Director for IKON Office Solutions, responsible for developing the internet business at IKON from a start-up situation to a significant contributor of IKON’s revenues and sales strategy, and was employed by Dell Computer Corporation as the Online Marketing and Alliance Senior Manager responsible for implementing online commerce solutions.

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Walmart Bank launches Rewards MasterCard

Walmart Canada Bank, a subsidiary of Wal-Mart Canada, has launched its “Walmart Rewards MasterCard.” Walmart Rewards are earned in dollar equivalents – not points – making it easy for cardholders to know how much they have to redeem. Walmart Rewards can be earned on a cardholder’s everyday spending, from groceries to gas. Cardholders earn 1.25 per cent of their purchases in Walmart Rewards for virtually every dollar spent at Walmart Canada and 1 per cent of their purchases in Walmart Rewards when used virtually anywhere else MasterCard is accepted. There are no limits on how many Walmart Rewards cardholders can earn.

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SiliconBlue Intros iCEcube2 m-Chip Development Tool

CA-based SiliconBlue Technologies, the leader in ultra-low power, single-chip, high-density
SRAM mobileFPGA devices, has announced the production availability
of its new iCEcube2(TM) EDA development tool created with the
development partnership with Synopsys. SiliconBlue’s new iCEcube2
development tool makes it easy for designers to use iCE65 mobileFPGA
devices to overcome this barrier by designing custom functions that
compliment these standard devices, ultimately enabling new features to
be implemented easily and on-time. The iCEcube2 development tool brings significant
improvement in performance and utilization results over previous
SiliconBlue EDA tools. Testing shows that 70% of designs will see
performance improvement. Furthermore, the performance improvement on
average is 30%. These results mean that users can achieve their device
utilization and performance targets quickly and easily, helping them to
meet their project schedules.

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MasterCard Appoints New Corporate Treasurer

Sachin Mehra has joined MasterCard as Corporate Treasurer. Bringing with him a range of financial experience in global corporations having held positions in key financial markets around the world, including New York, Singapore, Shanghai and Brussels. He was most recently with Hess as Treasurer and held various positions at General Motors at the Treasurer’s Office and General Motors Acceptance Corporation (GMAC). Mehra holds a Bachelor of Commerce degree from The University of Bombay and an M.B.A. from The Darden School of Business, University of Virginia. Mehra was named to the Treasury & Risk Management/Citigroup “40 under 40” list of up-and-coming financial executives for four years (2005-2007, 2009).

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Hypercom Countertop & Mobile Achieve PCI PTS 2.1 Approval

Hypercom security electronic and digital transactions has achieved PCI PTS 2.1 certification for both its “Optimum T4200-2.0” countertop and “M4200-2.0” mobile product lines. Hypercom’s countertop and mobile terminal product family is the first among the top three electronic payment providers to achieve this rigorous security standard. This includes the “Optimum T4210-2.0” (dial), “T4220-2.0” (Ethernet with dial), “T4230-2.0” (GPRS with dial) countertop and “M4230-2.0 GPRS” and “M4240-2.0 Bluetooth” mobile card payment terminals. These products include additional features such as USB host and client, SD (Secure Digital) card reader, extra serial ports and space-saving ergonomics. Each Optimum terminal also incorporates Hypercom’s full X509 PKI (public key infrastructure) HyperSafe® Secure security layer to protect the terminal and applications from hacking and malware attacks.

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NEOVIA Inks Online Payment Deal With Six Gaming Merchants

NEOVIA alternative payments business has added six more gaming merchants to its growing list of customers. Along with bet-at-home.com, NEOVIA has signed agreements with 2pay, Buzzluck, CAIgames, Littlewoods Game On Ltd and Play’nGo, further demonstrating NEOVIA’s strengths in the online gaming payments market. Each of these merchants is now using the NETELLER e-wallet, part of the NEOVIA Payment Network™, to offer increased payment options for their members worldwide. By using NETELLER, merchants can offer their loyal customers a branded payment account that allows instant and direct settlement, and avoids the complexities and costs of traditional card schemes.

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North American Bancard Buys Point and Pay

North American Bancard has acquired Point and Pay from Vesta. Point and
Pay provides a comprehensive suite of applications that allows agencies
to convert from antiquated paper-based payment processing systems to a
fully automated electronic payment and remittance process. Founded in
2001, Point and Pay currently services customers in 48 states across the
country in all aspects of the government spectrum including utilities,
courts, schools, tax collection and Department of Motor Vehicles
renewals and registrations. In addition, Point and Pay can offer biller
direct services to organizations outside of government requiring annual
payments, recurring payments or even one-time payment processing.

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Mocapay Mobile-Enables Green Mill Restaurant Brand

Mocapay has expanded its mobile suite through its new relationship with the Green Mill Restaurant franchise. With this, Green Mill will leverage Mocapay’s mobile suite to offer customers a mobile experience complete with secure mobile payments and mobile offers. The company will mobile-enable its gift and loyalty program as well as integrate mobile marketing. Mocapay’s unique Software-as-a-Service (SaaS) mobile platform offers Green Mill a complete mobile suite – mMarketing, mLoyalty, and mGift – to leverage the mobile channel and support its marketing and sales strategies. Green Mill will tap the Mocapay suite to provide its customers with targeted mobile campaigns as well as the industry’s only patented solution that provides secure mobile payments. The SaaS Mocapay platform enables Green Mill to expand mobile payments and mobile marketing programs into all 28-store locations.

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Consumer Concerns Slowing mPayment Market

World-wide, mobile commerce and peer-to-peer payments are in their
infancy. While Japan and Korea are leading, France, Finland, and the
U.K. are just moments behind. Key South American and Central American
countries are exploring business process and market acceptance of mobile
commerce. African nations, challenged by politics, have seen recent
developments in peer-to-peer payments collapse while India has seen
success. And, the United States and Canada, leaders in banking business
process and industry regulation design are aggressively pursuing global
partnerships. According to MarketResearch.com and Mind Commerce’s “Mobile
Wallet: Location-based Commerce and Peer-to-Peer Payments” report, the
significance of combining the mobile wallet with mobile local search is
large. Covered are emerging mobile application developers and what
they need to do next in their evolution towards bringing commonality of
usage to the masses for rapid service adoption. Additionally, the report examines WHY mobile location-based transaction services
are behind the implementation expectations of consumers.

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New Aite Report Question Banks Preparedness For Reg E

A new report from Aite Group evaluates how U.S. banks are responding to
the overdraft processing changes in Regulation E, and provides a
comparison and assessment of banks’ approach to implementing the new
rules. Based on a May 2010 survey of 22 of the top 130 U.S. banks by
checking accounts, the report suggests that there will be a material
impact upon bank income as a result of the regulatory changes. Survey
respondents are overwhelmingly concerned that changes to Regulation E
will result in a reduction in overdraft fee income. Beyond this,
however, it will affect the design of and alternatives available for
overdraft coverage, core systems’ efforts to accomplish transaction
identification and processing, and the marketing and processing of
overdraft opt-in programs.
The Federal Reserve Board enacted changes to Regulation E on January 19,
2010, requiring mandatory compliance as of July 1, 2010 for newly opened
accounts and August 15, 2010 for existing ones. The regulation mandates
an opt-in approach to overdraft coverage, allowing the customer to
choose overdraft protection and agree to the terms and conditions of
coverage.

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United Central Bank Selects Fiserv Bank Platform

United Central Bank has chosen the “Premier” bank platform outsourced, enterprise-wide technology solution from Fiserv. Named this year’s #1 National Preferred Lender by the Small Business Administration (SBA), the bank chose Premier in part for its versatile lending solutions. Premier processes more SBA loans than any other core banking solution in the financial industry. With the July 2009 acquisition of $1.2-billion Chicago-based Mutual Bank, United Central Bank nearly doubled its size and gained 12 locations in Illinois, New York and New Jersey. A multi-lingual community bank serving primarily the Asian community, United Central Bank’s mission is to provide financial services to meet the needs of its diverse customer base, which has traditionally been underserved.

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