Most Americans ‘Financially Stable,’ Only Half Have Needed Savings

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Citi research now shows while 74% of Americans consider themselves financially stable, more than 48% do not have the savings they say they need to achieve actual stability. Meanwhile, 51% say that number is less than $100,000 and 22% believe it to be less than $10,000. Americans understand the importance of…

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USA Technologies Board Member Resigns in Wake of Ethic Violations

USA Technologies, a leader of wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retailing industries, announced that Bradley Tirpak, a former board member, has delivered a notice purporting to nominate himself and six other individuals as director candidates at USA Technologies’ 2012 annual meeting of stockholders. After USAT received Mr. Tirpak’s notice, USAT initiated contact with him in order to explore whether a resolution could be reached that would be in the best interests of USAT and its shareholders. Unfortunately, Mr. Tirpak has indicated that he is only prepared to amicably resolve this matter if we give him and his hand-picked nominees a majority of the USAT board of directors. Under Herbert’s leadership as chairman, the USA Technologies Board of Directors has taken a proactive approach to corporate governance. In November 2011, the independent directors, including Mr. Tirpak, unanimously named Steven D. Barnhart as lead independent director, in accordance with current corporate governance best practices. In addition, three new independent directors have been named to the USA Technologies board since the beginning of 2012. Tirpak voluntarily resigned just last month from the Board of Directors after all other board members requested him to step down due, in part, to conduct they viewed to be detrimental to USA Technologies and prohibited by USAT’s Code of Business Conduct and Ethics.

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FIS acquires ICS Risk Advisors and Memento

FIS banking and payments technology acquired ICS Risk Advisors and Memento risk, fraud and compliance firms for undisclosed terms. The acquisition of these two firms underscores FIS’ strategy to deliver a full complement of governance, risk, compliance services and integrated fraud solutions that drive value throughout the enterprise for financial institutions. ICS Risk Advisors, a full-service risk management firm, develops, implements, maintains and reviews enterprise risk management and regulatory compliance programs for hundreds of financial institutions, spanning from the world’s largest financial institutions to community banks. Memento enterprise fraud management delivers next-generation fraud solutions through its award-winning enterprise platform that helps protect financial institutions from wide-ranging, costly threats and enables key stakeholders to measure the true value of loss prevention investments.

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MiiCard Expands, Protects Online ID

MiiCard announced a move to target the US market following increased market traction globally for miiCard’s online identity verification service in direct response to increasing issues of online trust. miiCard lets users prove their identity on a federated identity verification service. miiCard’s innovative use of Yodlee’s patented, Personalized Finance Platform, enables miiCard to establish a consumer’s identity by linking their financial accounts with their online identity. Along with a number of additional security measures, including email verification and 2-factor authentication via sms, miiCard can validate a consumer’s identity to the fullest extent of applicable anti-money laundering (AML) and know your customer standards (KYC).

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Wright Express Deploys ReD Payment Fraud Protection

ReD fraud prevention and payment services announced Wright Express corporate and prepaid payment solutions has signed an agreement to utilize ReD’s enterprise fraud prevention service. The established fleet and fuel card company has incorporated ReD PRISM® as a supporting tool to its in-house fraud initiatives. ReD PRISM uses predictive analytics and neural modelling technologies to score the likelihood of a transaction being fraudulent. The combination of custom scoring and dynamic rules assists client companies in identifying likely fraudulent transactions before they occur, thereby reducing overall fraud losses.

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Prepaid2Cash Launches Gift Card Exchange

Prepaid2Cash launched its beta website www.prepaid2cash.com, letting users exchange prepaid cards most commonly acquired through rebate programs, product promotions and holiday gifts for cash. Consumers can safely redeem their open loop prepaid cards for cash, select to receive cash redemption either through an automatic bank account transfer or mailed check. Once a transaction has been completed, consumers can expect fund settlement in 2-4 business days for a bank transfer and 4-6 business days for delivery of mailed check. Prepaid2Cash has partnered with leading security companies such as VeriSign, Trust Guard, and TRUSTe to ensure all transactions are securely encrypted.

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TantaComm Launches PCI-Compliant Protect Product Suite

TantaComm interaction recording provider within the call recording industry launched its “TantaComm Protect” evolution of its current PCI compliance enablement product. The “TantaComm Protect” suite ensures the integrity and security of recorded interactions and to enable BPOs to meet the 12 PCI-DSS requirements by offering two solutions that are flexible enough to work in a variety of environments. TantaComm’s Protect solution suite consists of two levels of protection, Protect and Protect SE. While the end result is the same with each solution, the key differentiator lies in the utilization of a secure database server (Protect) versus an encryption server cluster (Protect SE) to securely manage the encryption key.

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epay Extends PIN-on-Receipt Business to Xbox LIVE

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] epay, a division of Euronet Worldwide and a leading prepaid and payments processor in the U.S., continues to lead the industry by expanding its product portfolio to offer a PIN-on-receipt delivery for Xbox LIVE® Gold subscriptions and Microsoft Points on the Xbox 360® video game and entertainment system from Microsoft. This…

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epay Extends PIN-on-Receipt Business to Xbox LIVE

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] epay, a division of Euronet Worldwide, and a leading prepaid and payments processor in the U.S., continues to lead the industry by expanding its product portfolio to offer a PIN-on-receipt delivery for Xbox LIVE® Gold subscriptions and Microsoft Points on the Xbox 360® video game and entertainment system from Microsoft. This…

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Merchant Link Brand Standard for AmericInn Payment

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Merchant Link, a leading provider of payment gateway and data security solutions, announced it has been designated by AmericInn International, LLC as the preferred provider of payment and data security services for its franchisees. AmericInn® is one of the fastest growing limited service lodging chains with over 260 locations in 27…

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MoneyGram Available at More than 10,000 Bank of China Branches

MoneyGram and Bank of China completed a three-year expansion of services across the Bank of China network. This allows customers access to MoneyGram’s services at any of the Bank’s more than 10,000 locations. MoneyGram and the Bank of China worked together to expand throughout Bank of China’s national network spanning urban cities and rural towns. China, with about $57 billion annually coming into the country, is the second largest recipient of money transfers globally thanks to the increasing global transience of citizens. Money transfers are available for receipt at Bank of China locations from any of MoneyGram’s 267,000 locations globally in as little as 10 minutes.

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Maybank Launches Targets New Demo with Visa Debit Card

Maybank launched its new Manchester United (MU) debit card, in conjunction with efforts to expand its partnership with the English football team. Maybank’s first co-brand debit card was unveiled and issued in partnership with Visa International as an extension of the Manchester United credit card series launched in November last year. This allows Maybank to increase its penetration in the local debit card market, where it is already the leader with a 35% market share by card base and 55% share of debit billings.

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