e-Money Volume to Double in 2012

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Russian EMA has announced that market volume for e-money reached 125 billion roubles in 2011 and is expected to double in 2012 when Law “On National Payment System” fully comes into force. Russian Electronic Money Association announced the results of e-money industry for 2011 and Q1 2012. In 2011 customers topped…

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YourCash to Deploy 200 ATMs at National Supermarkets

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] YourCash Ltd, a leading independent European ATM deployer, has pledged to install 200 ATMs throughout Belgium, in supermarket chains, ensuring easy access to cash for Belgian consumers. YourCash recognises the importance in adding ATMs to the range of supermarket services, based on their extensive knowledge and experience in the Dutch market.…

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Identive Introduces Cloud-Based NFC Tag Management

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Identive Group, a provider of products and services for the identification, payment and NFC mobility markets, announced the release of its cloud-based near field communication (NFC) tag management platform, which allows advertisers, retailers and organizations in the education, hospitality and other markets to manage the delivery of dynamic, targeted content and…

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Research & Markets Adds New Market to Analysis

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Research and Markets has announced the addition of the “Australian Payment Cards: Review of 2011 and Outlook to 2013” report to their offering. This report provides up-to-date information and analysis of the key indicators that will impact the Australian payment cards market and its development through to 2013. Introduction The Australian…

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Conference Board Index Staggers Among Rising Consumer Credit Use

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In conjunction with growing outstanding consumer credit, the Conference Board Leading Economic Index just released figures down 0.1% for April to 95.5, indicating a less-than-rosy consumer outlook on the US economy. This after 6 consecutive months of a growing, positive consumer outlook on what’s to come, including a 0.3% increase in…

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Electronic Payments Deploys American Express Program

Electronic Payments transaction processor is set to offer the American Express “OnePoint” program comprehensive credit card acceptance solution. Giving small to mid-size merchants the convenience of one source for billing statements, funds settlement and support for all major card brands, “OnePoint” certifies Electronic Payments a “OnePoint” Service Agent to offer the program to merchants nationwide. This gives American Express Cardmembers the opportunity to use their card at even more locations. For this, American Express will maintain the acceptance contract with participating merchants and establish merchant pricing while Electronic Payments will process merchants’ American Express “OnePoint” transactions on both its front-end authorization platforms and back-end clearing and settlement platforms.

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PCI SSC Implements QIR Certification Program

The PCI SSC announced plans to train and certify payment software integrators and resellers on the secure installation and maintenance of validated PA-DSS applications into merchant environments to support PCI DSS compliance. The PCI Qualified Integrators and Resellers (QIR) program is set to be rolled out over the coming months, with training set to begin in late summer and a global list of PCI Qualified Integrators and Resellers to be available later this year. This after Trustwave research indicated 76% of the breaches investigated in 2011 were a result of security vulnerabilities introduced by a third party responsible for system support, development and/or maintenance of business environments.

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C-SAM Deploys MasterCard mWallet Solution

C-SAM announced its joint initiative with MasterCard to offer a white label mobile wallet solution based on C-SAM’s flexible Mobile Transaction Platform (MTP) enabling seamless integration with MasterCard’s pre-paid platform, offers, PayPass Wallet Services and rich informational services. This integrated offering will provide an attractive, scalable and flexible mobile wallet solution to mobile operators, retail banks and payment providers in Asia Pacific, Middle East and Africa looking to launch a wide range of mobile contactless payment services blended with offers, coupons and rich value added services to their customers.

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Running a Small Business Is Three Times More Stressful Than Raising Children

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Apparently running a small business is more stressful than raising kids! This according to Bank of America’s Small Business Owner Report study exploring the concerns, aspirations and perspectives of small business owners across the country. The survey uncovers a sense of optimism about their own business as they look toward the…

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Confide Exec Now Qualified Security Assessor

Mike Isbister, a senior security consultant with Confide, is now Qualified Security Assessor (QSA) certified from the Payment Card Industry Security Standards Council and qualified to audit merchants for PCI DSS Compliance. Mike has a BSc (Hons) in computer science from Victoria University of Wellington and joined Confide last year as a senior security consultant. Confide is a Wellington-based company providing specialist assistance, advice and solutions to help merchants comply with PCI DSS.

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NetSuite And Stripe Partner on Next-Generation Online Payment

NetSuite cloud-based financials / ERP software suites established a technology partnership with Stripe next-generation online payment system geared to enable commerce businesses to quickly and easily accept credit card payments for products and services. Stripe is at the forefront of technology innovators to push the boundaries of the next generation of commerce and to lower the bar for merchants of any size to execute transactions over the Web. The Stripe payment processing solution offers a new option to incorporate hassle-free payment functionality into SuiteCommerce, the new NetSuite commerce-aware cloud platform that enables businesses to manage B2B and B2C transactions regardless of current or future touchpoint (website, smartphone, tablet, social media).

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Citi Ranked #1 in Global Custody Services in Survey of the World’s Leading Investors Compiled by Global Investor Magazine

Citi has been ranked #1 in global custody services in the 2012 Global Custody Survey compiled by Global Investor and is Top Rated by Global Custodian by investors and managers with assets in excess of $10 billion. In addition, Citi was recently rated Most Innovative Custodian by aiCIO. The Citi “OpenInvestor” custody solutions deliver coverage for 98% of the world’s market capitalization and gives clients a single platform to directly access local experts, respond faster to market events and enhance risk management capabilities. The “OpenInvestor” platform combines specialized expertise, comprehensive capabilities and the power of Citi’s global network to help clients meet performance objectives across asset classes, strategies, and geographies.

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