Only 10% of Banks’ mBanking Solutions in Place

With only 10% of banks having already deployed mobile business banking services, and 39% will be deploying mobile services within 6-12 months, a very contrasting 57% of American banks are expected to offer a consumer mobile banking solution by the end of 2010. Only 26% expect a strong interest in mobile business banking services among their clients while nearly 60% said that curiosity was driving this interest. This, according to Fundtech poll of over 100 transaction banking executives from 53 US financial institutions, also showed 53% indicated fraud monitoring is a their biggest challenge in payment processing. Meanwhile, 23% said this was their business client’s biggest challenge; 23% felt that regulatory changes are their top challenge; 36% of respondents felt there was some potential in Social Networking in Business Banking, 32% were unsure and 23% felt it was a “ridiculous idea.”

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WINCOR

The Wincor Nixdorf “ProClassic/Enterprise” Retail Banking Solution Suite (PC/E Suite) now complies with the important PCI PA-DSS. The “ProClassic/Enterprise” Retail Banking Solution Suite is a key solution in the broad portfolio of Wincor Nixdorf, a world-leading provider of IT-solutions to the retail banking and retail industries. Through its open JavaEE (Java Enterprise Edition) architecture, the PC/E Retail Banking Solution Suite supports both international, industry-recognized and vendor-independent standards. Based on a Service-Orientated Architecture (SOA) ecosystem, it delivers scalability, performance and independence from underlying infrastructures. The PCI DSS is endorsed by American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa to ensure merchants and service providers that store, process or transmit customer payment card data adhere to information security controls for data integrity.

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Zong Provides Woozworld Users mPayment

Zong mobile payment has partnered with Woozworld web 2.0 virtual world to offer users a speedy, simple and secure mobile payment solution. Zong’s seamless payment experience is now available for Woozworld users to purchase virtual goods by simply entering in their mobile phone number. Zong verifies payment by sending a secure PIN via text message to the user, who enters the number online to confirm and complete the transaction. Woozworld will soon be integrating the value-added service Zong+, allowing users to link a credit or debit card to their mobile number and charge their micro-transaction to their payment card through the same secure text message and PIN process. The average user Woozworld user session is forty-five minutes long and is composed of more than 70% returning users. Zong mobile payments platform leverages direct connections with mobile network operators around the world to provide secure payment.

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Most Americans Reject Anti-Consumer Debit Amendment

Regarding regulation giving the federal government the ability to set the rates retailers pay for accepting debit products at the consumer’s expense, 83% are specifically oppose the amendment. Additionally, 60% believe retailers – not cardholders – should bear the fair cost of accepting credit and debit cards. The study, released by Visa, shows widespread skepticism toward this and other provisions put forth in a controversial amendment to the financial regulatory reform bill currently being negotiated in Congress. The amendment written by Senator Durbin proposes Americans who benefit from the security and convenience of electronic payments could find themselves forced to spend a minimum amount when they choose to pay for goods and services with a credit card, of which 68% of consumers are opposed and 55% are strongly opposed.

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Fiserv Named the Top Vertical Practice in Financial Services

Fiserv financial services technology solutions was named the Top Vertical Practice in Financial Services by the Everything Channel, a division of United Business Media and the premier provider of IT channel-focused events, media, research, consulting and sales and marketing services. Additionally, the Everything Channel ranked Fiserv 34th on the 2010 VAR 500, a list of the largest solution providers in the North American IT reseller channel. The VAR500 ranks the leading revenue producers among solution provider organizations in North America and serves as the definitive list of the most influential solution providers.

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CFSI Advocates Excluding Prepaid Cards from Interchange Rules

The Center for Financial Services Innovation (CFSI) issued a statement on the specific language in the Financial Regulatory Reform bill that would regulate interchange fees, recommending prepaid cards – including government benefits cards, general purpose prepaid cards, payroll cards – be exempt from the fee determination set by the Federal Reserve Board under this bill. In letters to Chairmen Frank and Dodd, CFSI states that the prepaid cards and, more importantly, the underbanked consumers using these products would be substantially harmed if the products were subject to interchange fee limits. The product structure, which makes them a viable option for consumers to use and for providers to offer, distinguishes them from other debit card products.

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Wells Fargo Introduces Enhanced Identity Theft Protection

Wells Fargo has made available Enhanced Identity Theft Protection to offer an easy way to monitor credit for identity theft. The enhanced service includes monthly triple credit bureau reports and scores, online calculators, credit score tracker and credit score alerts and is available through Wells Fargo Insurance and provided by Trilegiant Corporation. The enhanced identity theft service offers online “Credit Score Simulator” that lets customers see how a credit score changes if they decide to reduce debt on credit cards, refinance a loan, apply for a credit card or consolidate debt into a new account. Filling in the different situations and then running the scenario gives an online picture of how financial decisions are tied to credit scores.

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WMS Names Amy Lipton Vice President of Marketing

Amy J. Lipton has been named Vice President of Marketing with WMS Industries. Bringing more than 25 years’ global marketing leadership and client knowledge to her new role, Amy will have direct oversight for all of WMS’ efforts related to market research, advertising, promotions, interactive, public and media relations and trade shows. She will oversee the strategies aimed at further increasing the awareness of the WMS brand and the Company’s games among slot players, as well as work closely with casino operators to ensure alignment between their future needs and the Company’s key strategic initiatives – including WMS’ Casino Evolved and product vision. She was previously with International Business Machines where she served in a progression of marketing and leadership roles since 1982, including Director of Global Marketing for Digital Media, Director of Global Marketing for Media and Entertainment and Director, Global Marketing for Business Process Management.

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PNC expands Florida ATM network with Cardtronics

PNC Bank and Cardtronics will expand ATM access for PNC customers at 230 Cardtronics-owned ATMs located in HESS Express stores across Florida. In doing so, Cardtronics will place the PNC brand on the ATMs, operate the machines on behalf of PNC and make them available on a surcharge-free basis to all PNC customers. By branding ATMs in all 230 HESS Express stores in Florida, PNC will be providing its customers with ready access to cash when and where they need it most. HESS Express has over 1,300 locations spanning the East coast, from Florida in the south to Massachusetts in the north.

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NA Bancard Launches Redesigned Website

North American Bancard has launched its fully redesigned corporate website, offering an improved user experience for both merchants and sales partners. The site can be found at www.nabancard.com and now contains 200+ pages of fresh content that provides valuable resources to merchants, sales partners, and 3rd party partners. The newly created Learning Center offers educational materials, including a FAQ, Glossary, Featured Articles, Terminal FAQ Blog, and Corporate Blog. MI-based North American Bancard is a multi-faceted payment solutions provider offering Credit, Debit, ATM, Online Payment and related products. It processes more than $8 billion in electronic transactions annually for over 100,000 merchants nationwide.

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Coinstar CFO to Keynote NIRI Investor Awards

The Seattle Chapter of the National Investor Relations Institute (NIRI) announced J.Scott Di Valerio, Coinstar CFO, will be the keynote speaker for the NIRI-Seattle 2010 Investor Communications Awards Gala. The event will be held Thursday, June 24 at the Woodmark Hotel in Kirkland, WA, beginning at 5:30 p.m. with a hosted cocktail reception, followed by dinner and awards presentations. The judges are Neil Neroutsos, president, Puget Sound Public Relations Society of America and Jeffery L. Lippens, principal, Garde Capital, Inc.

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