SPS Commerce Adds POS Data From 20 More Retailers

An additional 20 retailers are sending their POS data to SPS Commerce to populate its POS Data Service and Trading Partner Intelligence for POS Service. By sharing POS data, retailers and suppliers can build fact-based partnerships that increase sales, boost margins and optimize inventory levels. More than 120 retailers and grocers are providing their POS data to SPS Commerce. The latest retailers include Bergdorf Goodman, Big 5 Sporting Goods, Blockbuster, Circuit City, CompUSA, Factory Card & Party Outlet, Hancock Fabrics, Harvard Retail, Holt Renfrew, Home Outfitters, Mark’s Work Wearhouse, Max-Wellness, McLane, Micro Center, Myer, New Balance, Staples, ULTA Salon, Cosmetics & Fragrance, Ultimate Electronics and United Stationers.

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Advanced Merchant Launches Android Payment Solution

Advanced Merchant Solutions has launched a payment solution
for the Android, available as a free
application. This enables on-the-go merchants to accept payment cards
anywhere. This application can be used with the company’s Pocket
Spectrum Plus, a Bluetooth 2-track card reader and thermal receipt
printer. The Pocket Verifier/Pocket Spectrum system
enables mobile business users to avoid
“card-not-present” transactions. AMSI further integrates this
breakthrough system into a complete solution by packaging it with a
combined merchant and gateway account; with no upfront costs, no term
commitments, and no cancellation fees.

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ABA President Disapproves of Interchange Amendment

Edward L. Yingling, ABA president and chief executive officer of the ABA issued the following statement following the passage of the amendment limiting interchange fees. “The American Bankers Association is very disappointed that the Senate voted in favor of the amendment that requires the Federal Reserve to promulgate rules limiting the fees merchants pay for accepting debit cards for payment…..The amendment completely upends the existing payment system, and retailers who benefit greatly from the system will pay almost nothing for the costs of maintaining and improving it. Retailers benefit greatly from debit and credit cards in increased consumer spending, lower personnel costs, and protection against fraud. Just picture a gas station where numerous customer transactions are taking place, are paid for with cards at the pump, and only one employee is needed to maintain the register inside the building. The so-called exemption for community banks and credit unions will be completely ineffectual, as both groups stated before the vote.”

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Moneydirect Launches Virtual Credit Card Payment Solution

Moneydirect multi-channel payment processing is introducing its payment solution using virtual credit cards to simplify the payment and reconciliation process. The virtual credit card is processed like a regular credit card; is available in several different currencies; reduces travel suppliers’ invoice processing costs by more than 90%; and improves cash flow with quicker payment. The virtual credit card captures and tracks important booking details, including the reservation code, requester identifier, traveller name, hotel chain code/name, room type, rate code, hotel confirmation number and check-in/check-out dates.

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ALI Solutions Appoints New president and CEO

Thomas J. Miller has been promoted to ALI Solutions’ President and CEO to join the Board of Directors. Having most recently been ALI’s Senior VP of Corporate Development, Miller has been instrumental to ALI’s recent growth since he joined the company, highlighted by 28% revenue growth in 2009. Since having joined the company in 1996, Thomas has served as Chief Financial Officer, head of Global Business Development, and head of Product Marketing. With more than 20 years’ experience in consumer risk management and predictive analytics, he spent seven years at JPMorgan Chase in a senior risk management role where he managed customer credit policy development and implementation for its credit card and revolving line products. Miller received his MBA from New York University, Stern School of Business, and his BS in Commerce/Finance from the University of Virginia, McIntire School of Commerce.

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MicroSD Offers a New Approach to NFC

A lagging deployment of NFC-embedded handsets and the rise of mobile handsets with microSD slots has helped shape a new approach to NFC is sure to result in bypassing handset vendors’ and mobile network operators’ core involvement. ABI Research’s latest NFC study splits NFC IC forecasts into mobile handsets, computer and consumer electronics, and peripherals for mobile handsets. These three markets combined will help drive significant NFC uptake, and NFC ICs will approach 300 million shipments in 2015. MNOs remain the gatekeepers for mass NFC handset rollouts, but over the next five years the emergence of microSD cards alongside other offerings such as active and passive contactless stickers will provide mobile users with initial access to mobile contactless payments.

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TRUSTWAVE & NANJINGKETAI

NanJingKeTai Info Tech Ltd., China’s leading overseas e-commerce total solution provider, has partnered with Trustwave to provide merchants with a single source data protection solution that combines compliance and security services. Through this partnership, NanJingKeTai will resell Trustwave’s PCI DSS compliance validation solutions. Included in this bundle is access toTrustKeeper, Trustwave’s on-demand compliance management service, which detects and alerts customers to security flaws at their network perimeter and provides guidance to address these exploits. It also provides the necessary tools to support on-going compliance including external vulnerability scanning. E-commerce merchants will be provided with an Enterprise SSL certificate to provide security when communicating sensitive information over the Internet such as credit card information. For those merchants needing additional security services, NanJingKeTai will resell Trustwave’s managed security services including Network Access Control (NAC), Security Information and Event Management (SIEM) and Unified Threat Management (UTM), as well as encryption. These complimentary security solutions help protect a merchant’s network environment, as well as mitigate vulnerabilities. Trustwave’s modular approach to security services will enable merchants to add managed NAC, SIEM and UTM on an as needed basis on one managed appliance.

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Bling Nation Partners with Bank of the West For mPayments

Mobile payment provider Bling Nation and Bankers’ Bank of the Westhave partnered to enable tap-and-pay purchases at the point of sale
across the mid-west. Through a referral agreement, Bankers’ Bank of the West will offer
mobile payments to its more than 330 client banks. Bling Nation will
help these financial institutions and their business customers eliminate
payment processing middlemen, while differentiating their services and
supporting community “shop local” programs. Bling Nation mobile payment services let consumers with a direct deposit
account or DDA at a local financial institution simply tap their mobile
phones to pay for purchases and instantly redeem loyalty incentives at
the point of sale. A quarter-sized microchip sticker or BlingTag™
adheres to the mobile phone, enabling a secure and convenient debit
transaction as well as personal finance management. Each Bling
transaction is followed by a SMS text with real-time account balance and
purchase verification, which can help consumers take control of the
management of their finances.

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Chartis Introduces Merchant Data Security Policy

Property-casualty and general insurance
organization Chartis has introduced Merchant Data Security
Policy that allows credit card processors to address the potential financial
burden to the processor and its merchants. As a result of a data security
breach that puts credit card data in a merchant’s possession at risk,
The program covers a wide range of costs associated with a data breach. These
include monetary assessments, including contractual fines and penalties, levied
by a card association; cost of security assessments and/or forensic audits to assess data
security practices and investigate a breach incident; cost of bank card replacements and related expenses; and
post-incident expenses, including identity theft recovery services,
credit monitoring and identity theft awareness training.

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Marathon Oil and Visa Add 4,000 Prepaid Card Reload Spots

Visa and Marathon Oil are planning to rollout the Visa “ReadyLink”
prepaid network in 4,000 Marathon Brand retail
stations. The Visa ReadyLink service helps Visa’s client financial institutions
and merchant partners better meet the needs of financially underserved
consumers. According to Visa estimates, there are approximately 80
million underserved consumers in the U.S. — those who lack access to a
payment card or are without a traditional banking relationship.
By introducing Visa ReadyLink, Marathon will enable consumers to load
funds to their eligible Visa Prepaid cards at thousands of convenient
locations. Nearly 45,000 merchant locations nationwide have introduced
or are in the process of implementing Visa ReadyLink, further extending
the convenience and security of reload services to Visa prepaid
cardholders in more convenient, everyday shopping locations.

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ALIBABA DONATIONS

E-commerce provider Alibaba Group will earmark 0.3% of annual revenues to fund efforts designed to spur environmental awareness and conservation in China and around the world. The focus of Alibaba Group’s conservation strategy will be on clean water and better air. This financial commitment is part of a comprehensive plan to drive greater understanding of environmental issues and to mobilize Alibaba Group’s customers, partners and employees toward actions that will lead to a cleaner environment for generations to come. Today’s announcement is the first step toward mobilizing hundreds of millions of people to get involved by spreading the word through Alibaba Group’s user bases and platforms.
Other member companies of Alibaba Group, including Taobao, Alipay, China Yahoo! and Alibaba Cloud Computing, will all take up their pro rata share of this commitment. The revenue contributions will be paid into a dedicated environmental fund annually and the fund will be administered internally by a team of dedicated employees of Alibaba Group. In addition to creating a fund to finance environmental projects, the Group is also devoting significant human resources, focus and attention to this effort.

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U.S. Bank Partners With Diebold for ATM Software

U.S. Bank is partnering with Diebold to provide a multi-vendor custom software for its “ProdigyATM” ATM terminals. Built on the Diebold cross-vendor “Agilis EmPower” application, the Diebold software will offers U.S. Bank operational efficiency and brand differentiation on a platform for enhanced ATM services, such as deposit automation. Designed to limit disruption to U.S. Bank customers as new services, Diebold’s software solution provides integration required across the U.S. Bank network and compatibility across all retail delivery channels, from mobile to online. Diebold’s framework provides U.S. Bank the flexibility to modify the application based on its business needs. As the market changes and U.S. Bank explores new possibilities for its ATM channel, it retains the option to call on Diebold’s Professional Services team for assistance.

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