NCR Names New Chief Financial Officer

Robert Fishman has been named CFO, NCR Corporation, after having served as interim CFO since October 2009. Since joining NCR in 1993, Fishman also served as interim CFO from May 2007 through January 2008, during which time he was instrumental in managing the successful spinoff of Teradata, NCR’s former data warehousing business, while leading the finance organization during a period of consistent financial performance and company success. He also served as corporate controller, VP corporate planning, assistant corporate controller, Payment Solutions division CFO, director of mergers and acquisitions and director of planning and pricing in EMEA for the Company. Fishman holds an honor’s degree in business administration from the University of Western Ontario, a master’s degree in business administration from The Wharton School of Business and holds CPA, Chartered Accountant and CFA certifications.

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Canon To Demonstrate ATM Check Scanning Solutions

Canon U.S.A. image capture solutions is set to showcase the precision, speed and ease-of-use of its digital document scanners and check transports at the Independent Community Bankers of America (ICBA) National Convention and Techworld Show at the Gaylord Palms Convention Center. Products on display this year include the “imageFORMULA” P-150 “Scan-tini” Personal Document Scanner; the “imageFORMULA” CR-25 Check Transport,” for remote deposit / merchant capture applications and scanning up to 25 checks per minute; and the “imageFORMULA” CR-180 II Check Transport, for fast batch conversion of paper checks into electronic images. These are particularly useful in ATMs.

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Western Union and Opus Software Partner for System Integration

Western Union has selected Opus Software Solutions as a System
Integrator for Western Union’s Mobile Money Transfer (MMT) service. Opus
will integrate partnering Mobile Network Operators (MNO) systems and
technology vendor platforms with Western Union’s MMT interfaces
globally. The Western Union MMT service is a channel extension of the
Western Global Money Transfer platform launched to enhance user
convenience. The service is offered through mobile class-of-trade
specific interface to the Western Union platform, which will be
integrated with partnering systems. Opus will handle this implementation
with a defined scope of work, which includes project management, process
and domain consultancy, technical assistance, partner support,
pre-certification and UAT (User Acceptance Test) Support.

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Verifi and ThreatMetrix Partner to Offer Fraud Detection

CNP risk management solution provider Verifi has partnered with ThreatMetrix, a fast growing provider of fraud detection solutions, to deliver advanced fraud detection to merchants through Verifi’s payment risk management system. Through Verifi’s platform, customers will have access to ThreatMetrix’s forensic risk assessment tools and its global fraud knowledge share database. Verifi’s full service payment management system screens and reviews high risk transactions and comes with the best possible suite of proprietary and third party fraud detection and prevention tools and managed services for declines, refunds and chargebacks. The addition of ThreatMetrix’s advanced fraud tools and network to Verifi’s full service risk and fraud payment management system, analytics and reporting provides Verifi customers with the strongest defense against hackers, cybercriminals and large-scale global fraud enterprises without disrupting the consumer checkout experience. And with Verifi’s single source platform, customers gain immediate access to all of Verifi’s partner fraud and risk management solutions without the need for any additional integration.

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KAL Named Leading ATM Software Specialist

KAL global ATM software company has been named a leading independent ATM software company, according to research carried-out by London-based Retail Banking Research (RBR).
The top three vendors now dominate the market for true multivendor software, holding more than 66% market share between them. This includes NCR is in first position with 24%, and KAL and Wincor Nixdorf are equal second with 21% each. These findings are based on interviews with 66 financial services organizations in 39 countries that collectively have deployed 278,000 “true-multivendor software” ATMs worldwide. The RBR study has shown that there has been an impressive increase in the number of such ATMs, rising +67% in two years from the 2007 total.

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70% of Consumers Feel Stable in Their Current Jobs

Regarding their current employment, 71% of Americans consider job situation “just as stable” as or “more stable” than last year while 16% feel their job is more stable and 24% consider their job “less stable” compared to last year. Thirty-four percent of young professionals said they feel “more stable” in their current jobs compared to last year, more than double the 16% of the general population and the 14% of affluents. These findings, according to the American Express “Spending & Saving Tracker” survey, also show 50% of young professionals feel “just as stable” in their current jobs, compared to the 54% of the general population and 60% of affluents. Also, 60% of consumers who feel their jobs are more stable have increased their overall spending and investments, 35% in dining, 31% in travel, 14% in the stock market and 10% in real estate; and consumers who feel either their current jobs are less stable or just as stable are less inclined to increase their overall spending and investments with, 16 percent and 32 percent respectively doing so. To obtain greater job security, more than 54% of the general population would make one or more concessions, which included;

Working longer (25%)
demotion (20%)
Shifting companies (18%)
Relocating (16%)
Taking on more (14%)

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Fifth Third Offering Voltage Data Protection

Fifth Third Processing will offer data protection provider
Voltage Security encryption and tokenization products to its merchant network.
Fifth Third Processing Solutions will integrate
Voltage “SecureData” Payments, a version of its industry-leading
end-to-end encryption solution specifically tuned for merchants and
payment processors, into its payment processing solution and make it
available throughout its merchant network.
Voltage uses the Identity-Based Key Encapsulation and Encryption
Protocol (IBKEEP) to transmit data across the various end-points without
the need for decrypting and re-encryption.
Voltage end-to-end encryption features an innovative cryptography
approach called Format-Preserving Encryption or FPE. With Voltage FPE,
credit card numbers and other types of structured information are
protected without the need to change format or structure.

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Hickam FCU Selects Open Solutions Payment Technology

Hickam Federal Credit Union of Hawaii has selected Open Solutions Inc. Imaged Payment Technologies Group’s outsourced services to better integrate with its existing core platform, Open Solutions’ DNA(formerly The Complete Credit Union Solution). Open Solutions’ image-enabled item processing system drives a wide range of check-processing transports and streamlines financial institution operations. The solution also optimizes workflow, enhances business flexibility and generates fee income. Key benefits include improved funds availability, faster client service and greater abilities for institutions to retain more accounts and save on monthly mailing costs. By outsourcing, credit unions can decrease operating expenses while taking advantage of the latest technology, easily add new functionality and seamlessly support new branches, focus on core competencies, and eliminate concerns regarding staffing as well as floor space for item processing equipment. Additionally, Hickam FCU will experience complete recovery in the event of a disaster declaration. Open Solutions is a leading provider of integrated enabling technologies for financial service providers in the United States, Canada and other international markets. Hickam FCU is a community credit union with more than $431 million in assets serving the Ewa District and the island of Oahu with four branches.

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POS Technology Spending to Exceed $20 Billion in 2014

Point of sale systems, payment terminals, POS barcode scanners, POS printers, and electronic article surveillance systems managed to continue sales growth to $14.8 billion in 2009, even as many retailers experienced declines in sales. These figures suggest retail technology spending will grow to nearly $21 billion in 2014 as retailers invest in the latest technology, according to ABI’s latest market study, the “Next Generation POS Systems and Retail Technology.” Much of the report is focused on the hardware aspects of the technology market, including customer-facing systems such as POS systems, payment terminals and peripherals. ABI Research provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies.

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nuBridges Receives Network Products Guide 2010 Product Innovation Award

Network Products Guide information technology research has named nuBridges Exchange Enterprise a winner of the 2010 Product Innovation Awards in the Business-to-Business category. This venerated annual award recognizes and honors vendors large and small from all over the world with innovative and ground-breaking products that are bringing essential and incremental changes, and are setting the bar higher for others in all areas of information technology. nuBridges Exchange Enterprise is managed file transfer (MFT) software that provides a centralized infrastructure for securely transmitting files internally and externally; helping companies monitor and prove compliance, reduce communication costs, accelerate business transactions, and simplify file transfer technology administration and support.

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