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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Citi Cards Launches Mobile Shopper Application

With the number of people seeking local information on their mobile device having grown 51% last year, mostly through downloaded apps, Citi Cards is making available its “Citi Shopper.” Available in a free “beta version” location-based mobile application through citishopper.citi.com, “Citi Shopper” delivers local offers and deals on products from electronics to apparel; compares prices; provides maps to nearby retailers; as well as reminds Citi cardmembers of offers and benefits specific to their Citi credit cards. It searches inventory information of over two billion products to find products and offers at over a thousand retailers including some of your local favorites, compares prices, and maps the nearest stores where the searched item is in stock. With it, consumers can browse deals and promotions at major local and online retailers; be reminded of Citi credit card-specific rewards, benefits and offers; and sort products by price or distance.

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Spartanics Announces On-Site Plastic and Paper Cards’ Materials Testing

Card manufacturers will be able to obtain immediate on-site no-cost
materials analyses of suitability for finishing, marking and other
detailing with laser die cutting from Spartanics Laser Die Cutting
Materials Applications Laboratory engineers attending a series of
worldwide trade events in the coming year. Card manufacturers are
invited to bring samples to these various events, and for many to also
obtain free passes to the events from Spartanics. Spartanics laser die
cutting applications engineers have extensively tested laser die cutters
with varying laser strengths and software configurations with a wide
range of materials including: plastic films, polyesters,
polycarbonates, foams, textiles, paper, adhesive tapes, non-wovens,
wood, laminates, pressure-sensitive substrates, magnetic materials,
polypropylene, polymides, abrasives, rubber, among others.
Formalization of the Applications Laboratory signals Spartanics intent
to systematize this growing knowledgebase for cross-industry access.
The Mobile Spartanics Laser Die Cutting Applications Laboratory for
Materials Research will provide no-cost detailed engineering analyses
of maximum material thicknesses that can be handled with these different
substrates, including brand name materials, correlated to laser power
and other variables.

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SCA Releases The FICAM Roadmap White Paper

The Smart Card Alliance has released a paper summarizing and highlighting key concepts
in the new government document, “Federal Identity, Credential, and
Access Management (FICAM) Roadmap and Implementation Guidance.” The FICAM document outlines several new agency initiatives and numerous
supporting activities that agencies must complete in order to align with
the government-wide identity, credential and access management (ICAM)
framework. Members of the Alliance’s Identity and Physical Access
Councils reviewed, extracted and summarized the content from the
original document, following the same outline and flow. The summary
includes the FICAM segment architecture, as-is and target use cases, and
roadmap and initiatives for federal implementation of the FICAM
architecture. Smart Card Alliance Identity and Physical Access Council members
involved in the development of “FICAM in Brief” included: AMAG Technology;
Cogent Systems; Datawatch; Deloitte; Diebold; Gemalto; HP Enterprise
Services; Hirsch Electronics; IBM; Identification Technology Partners;
IDmachines; IQ Devices; Probaris; Roehr Consulting; SCM Microsystems;
Shane-Gelling Company; Tyco/Software House; Defense Manpower Data
Center; U.S. Department of State; VeriSign, Inc.; XTec, Inc.

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Barnes& Noble.com Offering Free $50 Gift Card

Barnes& Noble is offering a limited time promotion for all NOOK purchases for
$259 to come with a free $50 Barnes& Noble gift card.
NOOK is the most full-featured eBook Reader on the market and the
perfect gift for the dad who loves to read anytime, anywhere. With NOOK,
dads can instantly stock up on their favorite digital reads, choosing
from more than one million eBooks, magazines and newspapers in the
expansive Barnes& Noble eBookstore, sample eBooks for free and lend
eBooks to friends.

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RBC REWARDS

A recent RBC poll shows 33% of Canadian cardholders prefer cash back over any other type of incentive, including merchandise (27%) and travel rewards (23%). RBC’s payment survey found that 58% of Canadians hold a credit card with some type of reward program with 88% who say they pay for travel using their card and 53% use it to pay for retail purchases. Fifty per cent indicate they use their credit card for dining, entertainment or gas purchases, while 34% use it to pay for drug store purchases. The survey also found Canadian families spend on average $628 at the grocery store each month and 53% of shoppers use their debit card at the cash register, with the others split between using cash (21%) and credit cards (26%) to pay for groceries.
The “RBC Cash Back card” offers 1% cash back on all purchases and 5% cash back on grocery store purchases until December 31, 2010 The RBC Cash Back card tracks rewards on the cardholder’s monthly credit card statement and pays out the cash back in January each year. A cardholder who spends about $500 a month on groceries, and $500 on other monthly purchases using their RBC Cash Back card for the remainder of this year would earn over $200 by next January.

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