CompuCredit Builds a New Card Portal

CompuCredit has selected iRise to help build a new online credit card portal for customers. CompuCredit is in the process of delivering a series of new online bill presentment and payment systems designed to make it easier for customers to manage their credit card accounts. iRise provides simulation of the functionality of proposed systems before coding. The visual interactive prototypes create a user experience that enables stakeholders to provide immediate feedback on proposed systems. The simulations can then be adjusted to meet expectations.

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MC Supports Financial Literacy Month

MasterCard yesterday announced the launch of a series of consumer education initiatives across the country during this year’s upcoming “Financial Literacy Month.” On April 12 MasterCard will launch a Spanish language version of its “Debt Know How” Web site. On April 25th, MasterCard is participating in the “2006 Financial Literacy Day” on Capitol Hill showcasing its consumer education programs to Members of Congress and their staff. On April 26th, MasterCard participate in the “2006 California Summit on Financial Literacy.” On May 1st, MasterCard and Wright College co-host a “Debt Know How” seminar during “Money Smart Week” in Chicago.

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Calence Becomes a VISA QDSC Provider

Phoenix-based Calence has achieved the “Qualified Data Security Company” status from VISA USA. Calence is now qualified to perform onsite Payment Card Industry (PCI) Data Security Standards validation audits for all Level 1 merchants and Levels 1 and 2 service providers. These audits are required by the security programs of major card brands. Calence’s status as a QDSC is an integral component of the company’s information security services.

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PayPass Heads Into MLB Stadiums

Nine MLB teams will accept “MasterCard PayPass” at in-stadium concession stands this season. The new contactless payment option is now accepted at Busch Stadium, Citizens Bank Park, Dodger Stadium, Fenway Park, Great American Ballpark, Petco Park, Shea Stadium, Turner Field and Yankee Stadium – homes of the St. Louis Cardinals, Philadelphia Phillies, Los Angeles Dodgers, Boston Red Sox, Cincinnati Reds, San Diego Padres, New York Mets, Atlanta Braves and New York Yankees. MasterCard says it expects to land more stadiums soon. “PayPass” is also accepted in several National Football League stadiums. The deployment of “MasterCard PayPass” technology at Yankee Stadium is the first program under a new sponsorship agreement between MasterCard and the New York Yankees. In addition to the acceptance of “PayPass”-enabled cards and devices at select stadium point-of-sale locations, MasterCard is now the “official card” of the Yankees.

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Georgia to Offer Biz Tax Card Option

The Georgia Department of Revenue has expanded its contract with Official Payments Corp. to begin processing certain business tax payments made with a debit or credit card. Beginning in the second calendar quarter of 2006, Georgia businesses will have a new electronic way to make withholding, sales and use, and motor fuels tax payments securely and conveniently with their American Express, Discover, MasterCard and VISA cards.

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Vital Processing Renews TNS Contract

Transaction Network Services announced that Vital Processing Services has signed a new multi-year contract with the company. Under the terms of the agreement, TNS will provide transaction transport network services for Vital. Transaction Network Services (TNS) is a provider of business-critical, cost-effective data communications services for transaction-oriented applications. Vital delivers comprehensive, end-to-end payment solutions to acquirers and merchants.

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41st Parameter and Elite Analytics Team

The 41st Parameter and Elite Analytics have formed a strategic relationship to integrate their capabilities into a robust online fraud detection and prevention solution for merchants and financial institutions. The partnership will use their collective expertise in data mining, applied statistics and predictive modeling to help extend clients’ ability to understand, analyze and predict non-compliant and fraudulent behavior. The joint offering is designed to give customers the power to take large volumes of transaction and fraud data and create actionable intelligence from which they can better plan and prepare systems and processes for ongoing enhancements to compliance, security and risk management activities.

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NTT DoCoMo Introduces Wallet Phones

Japan’s NTT DoCoMo and its eight regional subsidiaries are launching a mobile credit payment service. The “DCMX” consumer credit service will use “iD,” DoCoMo’s brand and platform for mobile credit cards. Users of Osaifu-Keitai phones with wallet functions will be able to choose from two plans to make highly secure purchases from small to large amounts using their phones as DoCoMo-issued credit cards. The “DCMX mini” will be launched on April 28th, and will offer a monthly credit line of about $85. Credit lines from $1700 as well as cash advances will be available under a separate service, also called “DCMX,” which will offer several repayment options. Payments made via “DCMX” will earn points that can be redeemed for discounts on products and services from DoCoMo and other participating establishments. DoCoMo also plans to offer a premium “DCMX GOLD” mobile credit-card service in the future.

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Citibank to Brand 7-Eleven ATMs

7-Eleven and Citibank have signed a major ATM deal. Under terms of the agreement, Citibank will offer free ATM services to Citibank customers in more than 5,500 7-Eleven stores in 31 states across the nation. Also, 7-Eleven will soon be positioning itself to accept consumer bank deposits, beginning with Citibank. 7-Eleven and Citibank will support the ATM launch with a cash-giveaway promotion in New York, Chicago, Las Vegas and San Francisco. “Brand Ambassadors” at select 7-Eleven stores in each market will ride “rolling Citibank branded ATMs” to distribute mock “Citibank Banking Cards” redeemable for instant prizes with values up to $500 cash.

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OTI’s Saturn 5000 Certified by Vital

New Jersey-based On Track Innovations’ “Saturn 5000” contactless reader has received “Class A” approval from Vital Processing Services. The Saturn 5000 is Class A approved with the VeriFone Omni 3740/3750 line of terminals as well as the Lipman(R) NURIT 2085/2085+, 3020, 8100 and 8320 terminals. Vital Class A approval includes merchant deployment, profile setup and download, documentation and specially trained 24 x 7 x 365 help desk support, making the Saturn 5000 easy to implement and maintain for Vital acquirers and ISOs and their merchants. OTI designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets.

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Systech IPG/7000 Cleared by First Data

San Diego-based Systech has received permission to deploy its “IPG/7000” family of dial-to-IP converters on the First Data Retail ATM Services payment processing network. The Systech’s IPG/7000 family of dial-to-IP converters on the First Data Retail ATM Services payment processing network, offering provides retailers with a fast, flexible and secure IP processing platform for electronic funds transactions. Systech Corporation designs and manufacture of Internet Payment Gateways for electronic transaction markets.

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