38% Lack Proper Savings

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Canadians are playing the odds: 38% of Canadians don’t have any money set aside in case they lose their job, have to cover significant medical bills, out-of the-blue home repairs or other unexpected expenses. According the 2012 TD Canada Trust Report on Savings, 53% of Canadians admit they have been in…

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Al Ansari Exchange signs agreement with International Money Express

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Al Ansari Exchange, one of the UAE’s largest exchange house networks that provides worldwide remittance and foreign exchange services, has announced that it has recently signed an agreement with International Money Express (IME), Nepal’s leading money transfer company, offering remittance services to Nepal through ‘Cash Express’ service. Al Ansari Exchange will…

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Visa Offers Saudi Fransi Credit Cardholders Rewards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa, one of the leading global payment solution providers, in partnership with Banque Saudi Fransi is offering its Classic and Gold credit cardholders the opportunity to upgrade to Platinum credit cards and enjoy an even wider range of rewards and privileges. The campaign, which runs this month March 2012 gives Visa…

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European Payments Council Elects New Chair, Vice

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The European Payments Council (EPC), representing the European banking industry in relation to payments, on 22 March 2012 elected Javier Santamaría as Chair and Günther Gall as Vice Chair. Mr Santamaría and Mr Gall will take office in June 2012. They will succeed current EPC Chair Gerard Hartsink and Vice Chair…

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Nedbank implements Entersekt transaction authentication

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Stellenbosch based Entersekt, a mobile technology company offering banks an innovative solution for secure online and mobile banking, announced that Nedbank has implemented their interactive transaction authentication (“ITA”) system in their recently released “Approve-itTM” product which will provide greater protection against online fraud for their customers. Schalk Nolte, CEO of Entersekt…

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QIB achieves PCIDSS security certification

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Qatar Islamic Bank – the benchmark Islamic bank in Qatar and one of the leading Islamic banks in the world – announced today that it had achieved compliance with the PCI DSS (Payment Card Industry Data Security Standard) version 2.0. The PCI DSS Compliance Certificate was received today by QIB Acting…

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iPayment Posts 4Q/11 & FY With Mixed Results

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] iPayment Holdings and iPayment revenues were down 3.9% to $173.6 million in 4Q/11 from $180.6 million in 4Q/10. Net of interchange, this figure was only $89.9 million, which was up 3.6% compared to the year ago figure $86.8 million. Net loss was approximately $4.0 million for iPayment and its consolidated subsidiaries…

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U.S. Bank and Plastic Jungle Partner on Credit Card Rewards

U.S. Bank partnered Plastic Jungle secured gift card exchange, allowing FlexPerks Travel Rewards Visa Signature cardholders to exchange select merchants’ gift cards for highly valued FlexPoints, reward points that can be redeemed for travel, merchandise and more. U.S. Bank and Plastic Jungle pioneered this concept of offering credit card rewards in exchange for gift cards. FlexPerks Travel Rewards cardholders can visit the FlexPerks Visa Promotion Center to exchange their gift cards for FlexPoints. Cardholders simply enter the details of the card, such as the merchant, gift card number and card value. Plastic Jungle determines the value of the cardholder’s gift card, which then is translated into a FlexPoints value.

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Fiserv Rewards Up 69% in 2011

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fiserv global provider of financial services technology solutions announced its “UChoose Rewards” solution experienced 69% growth in the number of debit and credit cards registered under the program in 2011. UChoose Rewards from Fiserv is a customizable rewards program designed to incent cardholder usage and provide consumer benefits for both consumer…

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Fiserv Expands Relationship with Carleton

Fiserv financial services technology announced Carleton “SmartCalcs” financial compliance software is now available within its Common Origination Platform. The “SmartCalcs” suite of lending calculation software components designed to provide enterprise-wide computational compliance. By integrating this functionality into Common Origination Platform from Fiserv, lenders across all verticals – mortgage, business and consumer – can access consistent, compliant calculations at an enterprise level, to support its clients’ ability to better manage business risk. The “SmartCalcs” functionality will also be integrated into the Common Origination Platform. Carleton will maintain the calculation changes and deploy them regularly, helping to maintain calculations compliance in all 50 states.

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Card.io moves online with Webcam card reading

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] card.io is expanding to the web! card.io webscan is the easiest way to accept credit cards, improve checkout conversion, and reduce fraud. Just hold up a credit card to your webcam, and that’s it! It’s fast, accurate, secure, and flexible: keep your existing merchant account, and drop us onto any payment…

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