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

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 transactions are essential security…

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German Banking Committee initiates Contactless Payment Trial

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. Over 1.3 million bank…

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First Bank of Nigeria deploys Oracle platform

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 Anti Money Laundering solutions.…

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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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Oberthur Supplies Brd MultiPass Dual Interface Payment Cards

Oberthur Technologie is now supplying BRD multi-application payment cards. This dual interface payment card featuring the latest applications from payment schemes, as well as built-in capabilities for transport, access control, PKI or biometry. BRD, a subsidiary of Société Générale and market leader in Romania, was already a pioneer in contactless payment in this country. Capitalising on their leading position, BRD’s willingness was to bring even more value to their customers, through contactless payment and related technology. In this context, they chose Oberthur Technologies to launch the MultiPass Transport card, in collaboration with RATB and Metrorex, the transport operators of Bucharest. Cardholders can now easily wave their MultiPass Transport card in front of validators in the bus, in the tram or in the metro. In addition, this MasterCard Paypass® card can also be used for contact or contactless payment.

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Chase Sapphire Announces 2012 Golf Experience Program

Golf enthusiasts now have access to two of the PGA’s top golfers with the Chase Sapphire 2012 Golf Experience Program. Chase Card Services, a division of JPMorgan Chase & Co., announced the 2012 Golf Experience program, hosted by celebrated professional golfers Stewart Cink and Webb Simpson. The experiential rewards program is exclusively for Chase Sapphire cardmembers and includes a series of six events in cities across the U.S. this year. Through Chase Ultimate Rewards, Chase Sapphire cardmembers can redeem their credit card rewards points to participate in unique golf experiences with Cink and Simpson. Cardmember experience packages include a shoulder-to-shoulder walking clinic with one of the professional golfers, personalized swing analysis, a round of golf at one of the country’s most prestigious courses and a chance to challenge Cink or Simpson in a “closest to the pin” competition. Through the summer, the program will take place in Philadelphia; Los Angeles; Chicago; New York; Washington, D.C.; and Atlanta.

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Acculynk Inks Digital River World Payments a Client

Acculynk announced it has signed a new agreement with Digital River World Payments. Online merchants using the Digital River World Payments or Global Commerce enterprise solutions now will have access to Acculynk’s “PaySecure” payment method for Internet PIN debit. Acculynk’s PaySecure is the first software-only service in the U.S. that provides consumers the option to pay for online purchases with a PIN debit card. Today, there are more than 82 million PIN-only debit card holders in the U.S., Puerto Rico and the Caribbean. With “PaySecure”, online shoppers enter their PIN on a virtual PIN-pad pop-up during the checkout process on the merchant’s commerce site. PaySecure is designed to provide an extra layer of security for debit card transactions, helping reduce fraud and charge-backs for merchants, while offering opportunities for incremental volume.

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BluePay Card Processing Improves in Foodservice

BluePa credit card processing now makes it easy for merchants in the foodservice industry to improve their business through improved processing services. BluePay’s restaurant credit card processing solutions include easy tab transfers and gratuity features. In addition, restaurant merchants can benefit from accounting software integration for more accurate reporting, wireless credit card terminals for tableside bill payment and mobile processing for catering events. All of BluePay’s processing products comply with PCI standards, reducing the risk of data theft and credit card fraud.

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MarcoSolve files patent infringement Against BofA

MacroSolve, Inc., a leading provider of mobile technologies, apps and solutions for business, today announced its latest patent infringement suits filed against AOL, Inc., and Bank of America Corporation. MacroSolve’s suit claims that both companies infringed upon its U.S. Patent No. 7,822,816. “We continue to successfully settle suits,” said MacroSolve Vice Chairman, Jim McGill. “Both…

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Everloop to Participate on Digital Kids Conference

Everloop.com, the leading, safe social media site for kids under 13 to connect with friends, create, share and have fun, announced that co-founder, CEO and Digital Parenting Expert Hilary DeCesare will participate on a panel titled “How Much Control Should Parents Have?” at Digital Kids Conference being held April 25-26, 2012 at the Pasadena Convention…

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