Amazon Appstore Highlight at Open Mobile Summit

Amazon launched in-app purchasing in its app store while the Kindle Fire is scheduled for a UK launch at the end of April. The future of the apps market, including best practice strategies for monetisation and distribution, is one of the main themes for discussion at this year’s conference, with major app publishers including Layar, Disney and Mind Candy joining the debate. The Open Mobile Summit is widely recognised as the thought leading event for CEOs and senior strategists in the converging mobile, Internet and media space.

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FirsTech to Present at NACHA Conference

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] FirsTech, Inc., a payment processing provider who works to meet the needs of today’s biller through a comprehensive suite of services, will be presenting at NACHA’s PAYMENTS conference on Monday, April 30. Karen Gilhooly, Executive Vice President, in conjunction with a representative from Missouri Gas Energy (MGE), will present a case…

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Sysnet to Provide Worldpay Merchant PCI DSS Compliance Validation

Sysnet Global Solutions payment card industry compliance services, specializing in PCI DSS compliance validation and merchant intelligence solutions, has entered into an agreement with WorldPay card payments to provide PCI DSS compliance validation services to its client merchants. Both WorldPay and Sysnet are committed to providing businesses with solutions to help achieve and maintain required PCI DSS compliance and reduce the risk of cardholder theft. Sysnet and WorldPay have worked closely together to develop a fully branded, customized solution that meets the specific needs of WorldPay’s merchant portfolio, which includes a tailored communication program designed to encourage merchant engagement and to assist business owners throughout the compliance journey.

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Citi Philippines and Planet Payment Ink Multi-Currency Processing Agreeement

Citi Philippines and Planet Payment international and multi-currency payment processor signed agreements to provide Planet Payment’s “Pay in Your Currency” service to Citi’s merchant partners in the country. Citi Philippines will also offer the MICROS Payment Gateway specifically to its hotel merchant partners. Pay in Your Currency(R) can offer significant value-added benefits to Citi merchant partners and their customers. With Pay in Your Currency, Citibank credit cardholders and other eligible customers are offered the convenience of paying in their home currency at the point-of-sale. Customers are presented with a receipt which displays the transaction amounts in both Philippine Pesos and their home currency, together with the exchange rate and other service details. The customer then chooses their currency on the receipt. With Pay in Your Currency, international consumers can enjoy a more comfortable shopping and lodging experience by knowing what they are paying in their home currency, while simultaneously providing the merchant with an opportunity to reduce the processing costs incurred on these transactions. Also The MICROS Payment Gateway has been integrated within Planet Payment’s data center and processing platform, providing any acquirer or processing customer utilizing Planet Payment’s global platform with access to this integrated MICROS solution.

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UAE Exchange Partners Cozmo Travel

UAE Exchange remittance and foreign exchange partnered Cozmo Travel to provide a new payment option for their online bookings. Customers can make their payments and confirm their online bookings at any UAE Exchange counter in the UAE. UAE Exchange offers a wide range of services, which meets most of the financial needs of its over 3.5 million customers, worldwide. The range includes Xpress Money, the instant money transfer service with over 135,000 agent locations in more than 125 countries; FLASHremit, the facility for real time account credit; Money2anywhere.com, the convenient online money transfer portal by which money can be sent to any corner of the world in just a few clicks; Smart Pay, the WPS-compliant leading payroll solution; and XPay, the online bill payment service using mobile phone. These popular services and other bill payment facilities have made UAE Exchange a true financial supermarket.

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American Express Provides HomePay Chip&PIN Accreditation

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The innovative payments company Secure Electrans have announced completion of the formal accreditation of HomePay, their secure in-home EMV Chip &PIN payment solution, by American Express. This is another significant milestone for Secure Electrans and its plans for mass market deployment of the HomePay product suite. This accreditation will enable American…

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LSE LCH.Clearnet Closes Offer

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] On 9 March 2012, LCH.Clearnet Group Limited (“LCH.Clearnet”) and London Stock Exchange Group plc (“LSEG”) announced a recommended cash offer for a majority stake in LCH.Clearnet. On 30 March LCH.Clearnet and LSEG announced that the Acceptance Condition in respect of the Offer had been satisfied as well as a 10 business…

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11.5 Million Bank Card Transactions Registered in 2011

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] About 11.5 million bank card transactions accounting for a total of 118 billion Leks occurred in Albania during 2011. Of these, 93.5% were ATM transactions and 6.5% POS transactions. Meanwhile, the number of bank cards in circulation increased by 5.3% in 2011. The number of credit cards in circulation increased by…

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KeyBS Payment Solutions Provider Plans Expansion

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] KeyBS, a newly-launched payment solutions technology company, has announced that it will be aggressively expanding into the lucrative GCC markets to capitalize on the region’s growing technology use and demand for automated solutions. The company will provide advanced mobile, kiosk and point of sale (POS) systems and services for remittance transactions…

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NagraID to Showcase Payment and Identification Display Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] NagraID Security and NagraID, subsidiaries of the Kudelski Group will showcase the world’s most advanced smartcard technology at Digital ID World and Cards & Payments Asia 2012 (booth #4G09), Suntec Singapore. The display card provides users a convenient all-in-one solution for Citizen ID’s, Secure ID’s like Corporate ID’s, e-Online loyalty cards,…

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Nigeria Implements Infosys Finacle

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Wema Bank plc, Nigeria’s oldest surviving indigenous Bank and Infosys announced the successful implementation of Finacle core banking, retail e-banking and treasury solutions across Wema Bank’s 137 branches in Nigeria within a record time of eight months. Built on new generation technologies, open standards and service oriented architecture, the solutions currently…

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Pay-Downs on Revolving Debt Slow to a Trickle

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Of the total $2.52 trillion in outstanding US consumer debt, total outstanding revolving credit was down 3.3% in February from $800.8 billion in January to $798.6 billion. This compares to the year ago figure of 794.0. Revolving consumer credit plummeted from its peak of $973.6 billion in August 2008 by a…

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