‘Always-On’ Shoppers Driving eCommerce, Says WorldPay

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global e-shoppers spend on average 22% (US average: 23%) of their annual outgoings on goods and services online, shop for 5 hours a month (US average: 5.4), watch TV whilst shopping online (global: 46%, US: 59%) and make the majority of their purchases at 20:40 (US: 10:30am), according to the Global…

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Pay.On and payworks Partner on mPayment

payworks and PAY.ON AG have partnered on mobile payment solutions. payworks develops both turnkey white-label products and modular components, making it easy for payment providers, banks and telecommunications providers to enter the emerging mobile payment market and now clients of PAY.ON’s payment processing platform ‘PaySourcing’ can now rely on a professional partner for future mobile payment projects. The ‘payworks.terminal’, for example enables payment providers to release their own mobile POS solution, allowing small retailers to accept card payments easily at the POS, the only requirement being a smartphone with internet access. An optional card reader can be plugged into the phone for faster processing.

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TSYS WinsPrepaid Industry Partner of the Year Award

TSYS has been recognized the Industry Partner of the Year Award at The VRL Middle East Prepaid Awards. The award was given in recognition of TSYS’ influence over the region’s prepaid initiatives during 2011. Abu Dhabi Islamic Bank, a TSYS client and a leading Islamic financial group in the Middle East region, also won a special award for its newly launched Darhoom Card ” a prepaid youth card designed to promote financial responsibility for younger generations, supported by TSYS’ PRIME card management software.

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DataCash Expands eCommerce Market Internationally

DataCash payments services provider, a MasterCard company, commenced eCommerce payment processing in Japan. This will provide merchants seeking to enter the Japanese market, with the ability to accept payments in Japanese Yen in a broad range of payments brands including Japan Credit Bureau (JCB), Japan’s largest credit card company, MasterCard, Visa and Diners. This has been achieved through DataCash’s collaboration with MasterCard and extends DataCash’s international capabilities to offer its merchants the ability to accept domestic and international payments across 180 countries in over 170 currencies.

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Digital River World Payments to Speak at the 2012 MRC European Congress

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Digital River, the revenue growth experts in global cloud commerce, announced that its Digital River® World Payments™ solution will be featured at the 2012 MRC European Congress. Members of the Digital River World Payments team will speak and exhibit at the conference, which is hosted by the Merchant Risk Council (MRC),…

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PayByPhone Adds NFC to Mobile Payments for Ottawa’s Parking Spaces

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] PayByPhone, a leading international provider of systems for parking and urban mobility payments is pleased to announce Ottawa as the latest major North American city to implement its popular cell phone payment method for parking. PayByPhone parking allows drivers to pay for and extend their parking time using a mobile app,…

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White Paper on EMBOSS Multi-channel Payment Service Encryption by YESpay

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Point-to-point encryption (PTPE) has become a hot topic of discussion amongst merchants within recent months, and there are different proprietary solutions available in the market. The global card payment industry has significant security issues of card data theft and fraudulent use by organised crime. Privacy, confidentiality, non-repudiation and integrity of payment…

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German Banking Committee initiates Contactless Payment Trial

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Long waits and rummaging for small change to pay for coffee and a newspaper on the way to work? Potentially a thing of the past in Germany’s metropolitan area Hanover, Braunschweig and Wolfsburg: There, the German Banking Industry Committee (Deutsche Kreditwirtschaft) today launches its “girogo” project: Europe’s biggest contactless payment trial.…

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First Bank of Nigeria deploys Oracle platform

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Oracle announced that the First Bank of Nigeria (FirstBank), the oldest banking institution in Nigeria, has successfully deployed Oracle Financial Services Know Your Customer and Oracle Financial Services Regulatory Reporting Solution. The bank has also upgraded its Oracle Financial Crime and Compliance Management Platform for Financial Services and Oracle Financial Services…

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Western Union Revenue Up Marginally Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Western Union 1Q/12 revenue totaled $1.4 billion, 4% over the year ago figure, while Consumer-to-Consumer (C2C) revenue was also up 4% from the year ago figure thanks to transaction growth of 7%. This represented 81% of Company revenue. On a regional basis, North America region revenue was up 5%; Europe and…

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TSYS Inks Payments Agreement with Huntington Bancshares

TSYS signed a payments agreement with Huntington Bancshares to develop a platform for the bank’s new line of credit card products. Huntington will offer its cards through its MasterCard partnership. In addition to providing processing services for both the consumer and business cards, TSYS will also provide Huntington with fraud prevention services, card and statement production and customer service support. Huntington has $56 billion in assets and more than 11,000 employees and more than 660 local branches and an array of alternative distribution channels including internet and mobile banking, telephone banking, and more than 1,300 ATMs, throughout its six-state banking franchise.

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Western Union Announces 500,000 Agent Location Milestone

The Western Union Company opened the 500,000th Agent location through which it provides its expanding portfolio of financial services. In commemoration, Western Union announced a $500,000 commitment to fund economic development and entrepreneurship programs in New York City, China, India, Mexico and the Philippines over a five-year period. Western Union’s 500,000th location is Freedom News in New York City. The business is owned by Deepak Patel from India, who migrated to the United States in 1986 in pursuit of a better life. Having worked late nights, sometimes 24-hour shifts across newsstands in the New York City subway system, today Deepak is living his dream, owning multiple retail stores in New York.

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