eBay Plans 4Q/12 Restructuring Charge

eBay announced a planned fourth quarter pretax restructuring charge of approximately $15 million related to staff reductions at the company’s PayPal business unit. PayPal also is ending contracts with approximately 120 contractors globally thanks to a redesign of PayPal’s product organization, consolidating nine product groups into a single, more agile organization. The intent is to simplify and speed up how products are developed. PayPal expects to continue its strong global growth momentum and leadership through online merchant expansion and share of checkout, by driving payments innovation at point-of-sale retail for large, medium and small businesses, and by engaging consumers online and offline with payments products and experiences that offer choice, flexibility, simplicity and security.

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ControlScan and Allifide Forge PCI Partnership

ControlScan PCI compliance and security services eases small business PCI compliance through Allifide Merchant Group payment processing firm trusted by a national client base of hundreds of SMBs as well as more than 50 industry partners. Data from ControlScan’s recent survey of merchant acquirers shows that as SMB merchants’ PCI compliance rates increase, the occurrence of a data breach decreases. The partnership between Allifide and ControlScan saves Allifide’s merchants time and hassle”and reduces merchant confusion”with high-impact education and support services that guide them through each step of the PCI compliance process.

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First Data Joins 100,000 Jobs Mission

First Data electronic commerce and payment processing joined the 100,000 Jobs Mission, a coalition of major corporations that have jointly committed to hiring 100,000 transitioning service members and military veterans by 2020. First Data has recently reinvigorated its veterans recruiting strategy by hiring a retired veteran as the Employment Program Manager to develop programs to support and broaden service members and military veterans recruiting efforts. First Data invests in military friendly job boards and is committed to actively participating in veteran-focused career fairs as well as career expos on military installations.

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MasterCard Sees Fertile Ground for mPayments

Japan boasts an overall environment that is favorable for mobile payments. According to the results of the latest MasterCard Mobile Payments Readiness Index (MPRI), Japan earned the number six spot on the Index which analyzed 34 countries and their readiness to use three types of mobile payments: person to person, mobile web commerce and mobile contactless payments at the point of sale. The Index found that while Japan scored well on most of the components measured, consumer readiness is the critical success factor to drive mobile payments adoption in Japan. Meanwhile, 20% of Japanese consumers are familiar with mobile payments at point-of-sale, while only 8% are willing to use the capability. And at 91%, Japanese financial services received exceptional ratings for how well they treat consumers.

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Banco de Chile a Clear2Pay payment hub

Clear2Pay is implementing a payment hub at Banco de Chile, aimed at unifying the bank’s domestic, high value and international payments through one single payment engine. Implementing a payment hub with the ability to handle transactional volume peaks, prioritize payments, handle exceptions with lowest possible level of manual intervention, the generation of information for the operational and product development teams, as well as for customers. This way the bank can reduce costs in the back office through a unifications and rationalization exercise at the processing level by out phasing the various payment silos.

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EMVCo Announces New Program Members

The EMVCo Associate Program is seeing a steady increase in migration to EMV chip technology globally and has subsequently welcomed eight new members since the beginning of the year. The new members include Cubic Transportation Systems Limited, Equinox Payments, FIME, Planet Media and Nationz Technologies at Technical Associate level, with ANZ and Vantiv joining as Business Associates. Carrefour Banque has become both a Business and Technical Associate, while EFTPOS Payments Australia Limited has upgraded its participation from Business Associate to incorporate Technical Associate status as well.

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MasterCard Names New Director

MasterCard Worldwide announced that Irni Palar is to take over as Indonesia Director, responsible for all aspects of MasterCard operations in Indonesia with a focus on corporate positioning and customer advocacy. Palar joins MasterCard from PT Bank Mega as VP, Head of Sales and Marketing in the Credit Card Division, and responsible for developing strategic credit card initiatives and delivering significant growth within all aspects of Card business performance indicators. During her tenure there, Ms. Palar quadrupled the bank’s credit card base in three years, playing a critical role in improving the company’s market share, doubling sales volume and outstanding balance performance to achieve profitability. She graduated with Bachelor of Business Administration from Portland State University.

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Clear2Pay Launches Bank-Friendly Wallet

Clear2Pay next generation payment solutions launched its “ViVa” solution, allowing banks to launch a wide range of virtual/real payment scenarios to their retail and corporate customers, such as merchant payment, utility bill payment, small business accounts and P2P payments. Banks can embed ViVa within any – also non Clear2Pay – payment infrastructure. Clear2Pay launched “ViVa,” allowing banks to capture the entire virtual and/or real transaction, plus the underlying intelligence. This way banks facilitate their customers to buy, sell and collect and spend money, vouchers and loyalty points on and offline at the point of sale across a myriad of devices through one secure and trusted interface.

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Accenture and Fundtech Partner for Basel III

Accenture and Fundtech teamed to help banks improve global liquidity management in response to Basel III requirements and changing economic conditions. Accenture will work with Fundtech to deliver its Global Liquidity & Risk Management solution and jointly develop new diagnostic tools, process models, and operational approaches for banks across Europe, North America and Asia. Accenture and Fundtech have helped implement liquidity management solutions for major banks globally and will offer services and solutions designed to optimize operational control, visibility, and forecasting.

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Datacard Instant Issuance Software Optimized EBT

Datacard Group ID and card personalization have optimized their Datacard CardWizard instant issuance software for Electronic Benefit Transfer programs, allowing government benefits departments to instantly issue reloadable open-loop prepaid cards. Instantly issuing prepaid cards under public sector managed benefit programs significantly reduces costs because it eliminates the need to produce and mail cheques, by enhancing existing branch office benefits management systems and business processes. Utilizing the CardWizard issuance software and Datacard® hardware, Canadian government organizations can capture the necessary information for the benefits disbursement process, including accessing and synchronizing case management and account data for security and authentication, as well as supporting the funding management of prepaid benefits cards.

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Earthport Enhances Cross-Border Infrastructure

Earthport is adding a new local payment route to enhance its cross-border payments infrastructure in Latin America. Built on Earthport’s existing payout capabilities, the route will enable the company to enhance its international reach. Earthport’s clients operating in the Latin American market will benefit from the ability to offer more competitive payment services to their customers by enhancing existing payment products or launching payment products into new territories. The payment route will enable Earthport’s clients to start efficiently routing payroll, pension, accounts payable, consumer payments and remittances to Brazil and speed up the time-to-market for launching new services in the LATAM region.

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