Chase and LivingSocial Launch Small Biz Grant Program

Chase and LivingSocial partnered to launch “Mission: Small Business” grant program, offering up to $3 million to small business owners nationwide. Chase and LivingSocial also obtained the support of the U.S. Chamber of Commerce to help announce the program and drive small business engagement and participation. The program, which will award up to 12 individual grants of $250,000, was developed to provide small businesses with capital and innovative marketing resources needed to make a positive impact on their business.Chase and LivingSocial invite small business owners who have been in business for at least two years and have less than 100 employees to visit missionsmallbusiness.com to enter the program. Grant recipients will be selected by a panel of small business experts who have agreed to participate and announced in September.

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Compass Plus Introduces EMV Toolkit

Compass Plus retail banking software and electronic payments systems to financial institutions, announced the launch of its EMV Empowerment Toolkit in the United States. This after payment networks MasterCard, Visa and Discover established deadlines for the implementation of EMV in the United States with financial institutions and merchants expected to be in compliance within the next two to three years. Its “EMV Empowerment Toolkit” provides an inexpensive EMV compliance solution for issuers and acquirers to simplify implementation. The solution works together with the existing magstripe card management system ensuring the implementation requires either minimal changes to the existing system. There is no need to migrate the card and customer base already in place, helping users avoid costly integration and migration.

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Fiserv Expands Acumen Client Base

Fiserv financial services technology solutions announced that CFE Federal Credit Union has selected its “Acumen” account processing solution from with in-house delivery. CFE FCU also elected to implement Fiserv “WireXchange” for wire funds processing, “Prologue” Financial Accounting Services, “Nautilus” for document imaging and “Next” Multi-Channel Marketing to manage targeted product offers and service messages. Acumen processing features an open architecture, advanced functionality and superior ease of use, plus the ability to cost-effectively scale as credit unions grow.

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Webster Bank and Elan Financial Launch Card Program

Elan Financial Services (Elan) and Webster Bank have partnered to offer consumers and businesses a robust suite of Webster Bank Visa credit cards that will include reward options such as a full one percent cash back, merchandise, gift certificates or travel rewards. The new card program, with six consumer and six business credit card options, will allow Webster Bank to provide customers better rates, better rewards and more product choices. Elan end-to-end solution includes servicing and marketing as well as branch support and sales incentives.

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YuuPay and Virtual Piggy Partner to Provide mPayments

Virtual Piggy partnered to provide its e-commerce solution for under 18s to YuuPay provider of efficient online and mobile payments. YuuPay allows merchants to improve operating efficiencies by enabling electronic payments and automated reporting systems on a global scale. When making purchases through Virtual Piggy, children do not share any personal information making it completely COPPA compliant and TRUSTe certified.

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Bill.com Awarded Barlow Research Innovation Showcase

Bill.com bill payment, online invoicing and cash flow management solutions for businesses announced its receipt of the “Best in Show” award at the ninth annual Barlow Research Client Conference. Representatives from more than 40 financial institutions were present to vote Bill.com as the award winner. Bill.com brought home top honors by delivering an entertaining and informative demonstration of its new cash flow management platform, which for the first time enables banks to deliver powerful AP, AR and cash flow management capabilities to their business customers all in one easy-to-use solution. The Bill.com platform takes all the off-line activities of managing cash flow and moves it to the bank, allowing banks to monetize the full cash management process while solving a significant pain point for their business customers.

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HALOCK and CDGI Launch New Model for Hosting Facilities and Data Centers

HALOCK Security Labs and Cyber Development Group International (CDGI), have launched a new joint venture that addresses the biggest costs of PCI compliance and represents an entirely new model for hosting and data facilities: “Security Integrated.” “Security Integrated,” the service moniker, is a best-in-class hosting data center with an integrated security lab within the PCI…

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Heartland Launches Restaurant mPayment Solution

With an increasing number of restaurateurs seeking to accept/process card payments anywhere inside and outside a restaurant, Heartland Payment Systems unveiled its Mobuyle Restaurant solution, which enables restaurateurs to accept credit, debit and gift card payments through Android smartphones and mobile devices. As one of the first secure, mobile payment applications fully designed and developed…

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Barclays Launches Online Savings Account/CD

To help Americans achieve their savings goals, Barclays Bank introduced a new, online, high-yield savings account and certificate of deposit (CD). U.S. consumers can now earn one of the highest interest rates in the nation by opening a new FDIC-insured online savings account or CD with Barclays at www.barclaysus.com/deposits. The high-yield online savings account from…

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Cybercrime Expert Delivers Address at MasterCard Americas Conference

As part of MasterCard’s ongoing commitment to protecting consumers by making the global payments network more secure, the company is hosting its 10th annual Americas Global Risk Management Conference in Boca Raton, Florida from May 7-11, 2012. The symposium brings together hundreds of professionals in the financial services and fraud security fields from across North…

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VoiceTrust and Speed Remit Partner

VoiceTrust digital payments and voice biometric solutions partnered Speed Remit Money Transfer. VoiceTrust is launching its remittance service in partnership with Speed Remit Money Transfer, allowing cardholders to remit money through 197 Speed Remit agent branches. Cardholders will receive discounted transfer fees by presenting their VoiceTrust/Speed Remit loyalty cards. VoiceTrust will simultaneously launch Cash Back for its payroll corporate customers. Cash Back will be earned on every remittance transaction completed by their employees, therefore helping the companies to reduce their monthly costs on the payroll card.

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