Hosted Concepts to Offer ProPay CartLite

UT-based e-payment services provider ProPay has established a partnership with Hosted Concepts to offer the “ProPay CartLite” shopping cart to their list of merchant services. “ProPay CartLite” works with any Web site, so there is no need to hire a programmer. The data is encrypted, secure and safe, “ProPay CartLite” is integrated with ProPay’s “ProtectPay”, a secure data repository for storing sensitive payment information with no hidden fees, no monthly minimums, access to detailed sales reports and comes with a 30-day money back guarantee.
Adding “ProPay CartLite” to their Web site will enable greater opportunities for merchants to extend their reach to additional customers 24/7 and will provide a safe and easy way for merchants to increase sales and strengthen their presence on the Internet.

Details

POSTE ITALIANE & MONEYGRAM

MoneyGram International global money transfer services has signed
agreements to allow Poste Italiane customers to initiate mobile money
and internet transfers to countries around the globe. Without the need
to go to a post office or retail location, and cash available for
recipients in about 10 minutes, Poste Italiane customers need only a
Poste Mobile SIM card associated with their BancoPosta account or
PostePay debit card to transfer money via mobile phone. The new offering
targets the 93% of the nearly 4 million immigrants in Italy with a
mobile phone, who can now send to the 186,000 MoneyGram agent locations
around the world. MonetGram has been operating in Italy since 1996.

Details

AmEx Gift Cards Ramp Up Competition in Canada

Offering a chance to give a universal gift card that keeps its value, American Express is launching a no-expiration gift card in Canada. Fee-free after purchase, there are no fees for checking a balance, no fees for monthly servicing and no fees for card replacement. Available for purchase at more than 1000 Shoppers Drug Mart stores across the country, the American Express Gift Card lets the recipient choose from millions of products and experiences in Canada, is available in $50, $100 and $200 denominations (with an upfront purchase charge ranging from $4.95 to $6.95), is replaceable for free if lost or stolen and can be used at locations across Canada where American Express is accepted.

Details

GEMALTO & XIRING

Gemalto digital security has begun negotiations to acquire banking
activity from XIRING smart card based authentication solutions for
e-banking and e-commerce. For currently undisclosed terms, the proposed
transaction concerns all of the XIRING banking business activities and
associated products, IP and technologies, as dedicated to EMV based
strong authentication solutions for e-banking and e-commerce. This
acquisition, expected for completion next month, would position Gemalto
as a leader in EMV based strong authentication solutions for e-banking
and e-commerce. However, XIRING would continue to operate in its
non-banking activities independently from Gemalto.

Details

Gemalto Set to Acquire XIRING Banking Division

Gemalto digital security has begun negotiations to acquire banking activity from XIRING smart card based authentication solutions for e-banking and e-commerce. For currently undisclosed terms, the proposed transaction concerns all of the XIRING banking business activities and associated products, IP and technologies, as dedicated to EMV based strong authentication solutions for e-banking and e-commerce. This acquisition, expected for completion next month, would position Gemalto as a leader in EMV based strong authentication solutions for e-banking and e-commerce. However, XIRING would continue to operate in its non-banking activities independently from Gemalto.

Details

Equifax Credit India Names a New Chief

After having received in-principle approval for a license to operate a credit information company under The Credit Information Companies (Regulation) Act, Equifax information solutions has appointed Samir Bhatia Managing Director and CEO designate of its Indian affiliate Equifax Credit Information Services Private Limited. Bhatia will join Equifax’s Mumbai operations and assume leadership of the company upon formation and requisite approvals. Samir is a qualified Chartered Accountant and is recognized as a leading banker with over 24 years’ experience in the Banking and Financial Services. He has worked with leading, successful banks such as Citibank, HDFC Bank and Barclays Bank for exposure to all facets of retail and commercial banking.

Details

Amazon PayPhrase Service Expands

Buy.com has expanded its online payments options with the addition of the “Checkout by Amazon” and “Amazon PayPhrase” services offered by Amazon Payments, Inc. To check out at Buy.com using Amazon Payments, customers simply click on the “Checkout with Amazon” button that currently appears on each of Buy.com’s millions of product pages as well as in the shopping cart. To use Amazon PayPhrase, Buy.com customers type their designated phrase and click to instantly preview the total order cost with shipping and tax. No extra steps are needed to “add to cart” or “proceed to checkout,” and customers do not have to sign in or re-enter credit card information to complete transactions. Checkout by Amazon also works smoothly with any order placed with Buy.com’s thousands of brand-name Marketplace Sellers. Existing account
information is used to complete transactions, saving shoppers valuable
time by not having to re-enter shipping addresses and payment information.

Details

NCO Group Prepares to Acquire Axiant

Legal collection service Axiant will be acquired by accounts receivable outsourcer NCO Group. To facilitate this transaction, Axiant has begun chapter 11 bankruptcy proceedings in Delaware, in which the sale of Axiant’s assets to NCO will be subject to higher and better offers at an auction and to the approval of the Bankruptcy Court. Closing is expected in the first quarter of 2010 and is subject to
satisfactory completion of due diligence, the execution of a definitive agreement and other conditions.

Details

TransUnion and Experian Win in VantageScore Dispute

The U.S. District Court has decided in favor of TransUnion and VantageScore, denying the purported common law and registered trademark rights FICO claimed were violated. At issue in the case was the use by credit score developers of numbers that encompass or overlap the 300-850 score range currently used by FICO, and whether consumer or lender confusion resulted from that use. FICO claimed a common law trademark in the range which it registered with the U.S. government in 2006,
TransUnion has used the 300-850 range for a proprietary credit scoring model it first made available to the consumer market in 2003, a date that precedes FICO’s original 2004 trademark application. The jury found that FICO knowingly made a false representation
to the U.S. Patent and Trademark office in connection with its registration of the 300-850 trademark. The jury’s verdict invalidates that trademark.

Details

Discover Beefs-Up Reward Redemption Online

Discover has unveiled a new web site to help its cardholders optimize their rewards. The new Web site shows how it all adds up, features exclusive limited-time deals and offers a peek at how cardholders in their area and around the country are redeeming their “Cashback Bonus” rewards. Discover cardholders have many options when it comes to redeeming their cash rewards. They can redeem for cash with a direct deposit to a bank account of their choice or receive a statement credit. Visitors can also take advantage of other special rewards and discounts through various offers such as double “Cashback Bonus” seasonal promotions and exclusive money-saving offers. If it’s even bigger rewards you are seeking, you can increase the value of the rewards by redeeming their “Cashback Bonus” reward for partner gift cards with one of the more than 100 brand-name partners.

Details

AMEX GIFT CARD

Offering a chance to give a universal gift card that keeps its value,
American Express is launching a no-expiration gift card in Canada.
Fee-free after purchase, there are no fees for checking a balance, no
fees for monthly servicing and no fees for card replacement. Available
for purchase at more than 1000 Shoppers Drug Mart stores across the
country, the American Express Gift Card lets the recipient choose from
millions of products and experiences in Canada, is available in $50,
$100 and $200 denominations (with an upfront purchase charge ranging
from $4.95 to $6.95), is replaceable for free if lost or stolen and can
be used at locations across Canada where American Express is accepted.

Details

VISA & CARD CONDUCT

Although Visa approves of government support of transparency and choice
in payments, fundamental to a well functioning economy, as disclosed in
the newly proposed Code of Conduct for the Credit and Debit Card
Industry in Canada, it is disappointed in the legislation overall. Visa
has reflected a choice of payments should be balanced between merchants
and consumers and the code would allow merchants to supersede consumer
choice at the POS. Visa believes merchants can and should decide whether
they want to accept Visa Debit cards and are free today to steer
customers to the merchant’s preferred choice, but they should also
ultimately honor the consumer’s choice.

Details