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Fraud detection technology of Actimize tested by MasterCard

ayny — Thu, 02 Oct 2008 16:28:36 +0200

In a move to enhance its ATM and Debit fraud detection capabilities for issuers MasterCard is deploying the technology of NICE Systems’ Actimize, a leading provider of transactional risk management software for the financial services industry.

E-payment option is preferred by employees in the US

ayny — Thu, 02 Oct 2008 12:17:27 +0200

The American Payroll Association released the report on the study called "Getting Paid In America". The survey shows that employees in the US favor electronic payments over traditional paychecks. Further the study reports that 90% of employees are paid by either direct deposit or paycard.

Germans like their new Lufthansa Miles & More Credit Card

ayny — Wed, 01 Oct 2008 11:28:05 +0200

The new Lufthansa Miles & More Credit Card that was recently introduced in Germany found a positive feed-back with consumers offering its holders the convenience of secure, Tap & Go(TM) payment transactions. Lufthansa Miles & More Credit Card being used 5 times more frequently than other credit cards features

Ultimate popularity of Ultimate Game Card™

ayny — Tue, 30 Sep 2008 14:09:10 +0200

Ultimate Game Card™, a unique prepaid gift card developed and supported by PayByCash®, a subsidiary of PlaySpan, Inc. proved to be PayByCash’s top payment method in the United States. More than 50%of all US PayByCash transactions are now made using Ultimate Game Card.

MasterCard company securing its data with PCI-GENERAL™

lexus — Fri, 26 Sep 2008 15:13:04 +0200

MasterCard selected a solution of Packet General Networks, provider of innovative data security solutions to develop a PCI-DSS compliant infrastructure communicated with Internet.

Today many measures are being taken to fight against breaches in data security. Yet customers are left to themselves when it comes to financial data compromises as neither the operating system vendor, nor the application vendor takes on the responsibility of securing the data that they help generate and house.

Postilion accelerating Cash N Go’s business

ayny — Fri, 26 Sep 2008 12:02:15 +0200

To further enhance its position as one of Canada's leading, and now fully integrated, ATM service providers Cash N Go Ltd., one of the leading deployers and service providers of ATM services and technologies in Canada selected the solution of Postilion, a leading provider of integrated software solutions for payments processing and self-service banking and a division of S1 Corporation.

‘Verified by Visa’ and similar schemes grow in popularity

ayny — Tue, 23 Sep 2008 15:54:24 +0200

As of today more than 25 million credit and debit cards were registered with the secure online payment systems ‘Verified by Visa’ and ‘MasterCard SecureCode’. The figure reflects the increase of nearly 600% within the last two years.

2 in 1 plastic card issued by UreLife

ayny — Tue, 23 Sep 2008 15:52:07 +0200

First UK prepaid Visa debit card was recently introduced by UK-based company UreLife which can also be used as a proof-of-age ID for various age groups. The card displays the holder’s color photograph, date of birth and specific age band, depending on the age group, with different bands for cardholders aged 12-15, 16-17, 18+and 21+.

MasterCard innovative payment solutions to be installed at Staples

ayny — Tue, 23 Sep 2008 15:29:13 +0200

In early 2009 customers of 300 Staples Business Depot and Bureau en Gros stores within Canada will be provided with two new payment options including MasterCard(R) PayPass(TM)-enabled readers and chip card terminals.

Chip technology upgrades credit and debit cards to a high level of payments security. The principle of the transaction procedure will undergo some alterations while the card itself will save the same features.

New Visa regulations to facilitate plastic card issuance

ayny — Tue, 23 Sep 2008 15:27:31 +0200

Visa will allow issuance of unembossed cards in the US for Visa consumer debit, business debit and consumer credit cards. On the new cards personalized information such as the account number and cardholder name is printed instead of being embossed with raised lettering currently found on most US credit and debit products.

Bonus MasterCard cards for Canadian shoppers

ayny — Mon, 22 Sep 2008 15:41:06 +0200

In Canada a partnership between Sobeys and Citi Cards will bring a new Club Sobeys loyalty program along with a new Club Sobeys MasterCard, in stores throughout Ontario and Western Canada (including Manitoba, Saskatchewan, Alberta, and British Columbia).

Prepaid cards grow stronger in the world

ayny — Fri, 19 Sep 2008 12:26:59 +0200

According to the recent survey prepaid cards become more and more popular in the world. So, popularity index has showed a constant growth and it is expected that by 2012 the number of the prepaid cards will increase by 10%.

Revolutioncard for making the revolution on the online market

ayny — Thu, 18 Sep 2008 15:26:12 +0200

In was reported that beginning from October the online merchants will be enabled to accept RevolutionCard payment cards through Cardinal Centinel. For that purpose the merchants need to install Centinel technology of CardinalCommerce and to sell with comfort.

MasterCard cards for grocery stores

ayny — Wed, 17 Sep 2008 11:10:11 +0200

This week MasterCard Canada and Sobeys Inc. signed an agreement to introduce MasterCard Sobeys' preferred payment card at Sobeys banner stores in Ontario and Western Canada. Under the terms of the agreement the first Sobeys-branded payment card, called Club Sobeys MasterCard will be offered to customers.

Online format of PayByCash’s card

ayny — Tue, 16 Sep 2008 12:01:51 +0200

Ultimate Game Card™, the stored value card by PayByCash® (subsidiary of PLAYSPAN INC.) supporting more than 200 multiplayer games and virtual worlds and available in more than 16,000 retail stores in the U.S. is now issued in an online format and is accessible to resellers across the globe.

Partnership of National City and Visa to last further

ayny — Tue, 16 Sep 2008 11:55:15 +0200

National City and Visa are determined to continue their partnership through which National City is to keep on providing its customers with Visa consumer and commercial credit and check card products, while adding Visa Interlink and PLUS as the bank’s primary PIN debit and ATM networks.

New Barclaycard cards will not cancel former benefits

ayny — Mon, 15 Sep 2008 15:17:53 +0200

1.7million new credit cards are to be issued by Barclaycard to customers who joined the group following an acquisition it made in March 2008. Thus previous customers of Discover Financial Services will receive new Barclaycard-branded cards.

Canada opposing invasion of Visa and MasterCard

ayny — Mon, 15 Sep 2008 12:33:20 +0200

In Canada the government of Alberta is putting restrictions on the sale of gift cards. The move is directed to protect customers against unfair fees associated with plastic card use. This week two campaigns were lunched to stop credit card companies from gouging retailers and to protect the country's current debit payment system.

MasterCard PayPass available at Rite Aid stores

ayny — Thu, 11 Sep 2008 15:07:47 +0200

Rite Aid Corporation can now accept MasterCard PayPass contactless payments as reported by MasterCard Worldwide. 3,800 of the nearly 5,000 Rite Aid stores across the US will be equipped to accept MasterCard PayPass.

By tapping their PayPass-enabled MasterCard card or device on a PayPass reader at the check-out counter Rite Aid customers can quickly make their purchases.

Active credit card spending in Australia

ayny — Tue, 09 Sep 2008 13:31:58 +0200

Over $100 billion is expected to be spent within the next half year by the Australian shoppers on their credit cards. The data were reported by MasterCard Worldwide Index of Retail. The index forecasts retail consumer spending to grow 4.5% over the previous year.

According to MasterCard Australasia vice-resident Eddie Grobler the results reflected the strong period of economic growth experienced over the past ten years.

An appointment at MasterCard

ayny — Tue, 09 Sep 2008 13:23:08 +0200

Marco Corsi was hired by McCann Worldgroup Singapore to head its MasterCard business for Asia-Pacific and the Middle East as regional business director. Previously Corsi held a position of TequilaAsia Pacific’s global senior account director for Standard Chartered.

Online bills settlement for AmEx cardholders

ayny — Mon, 08 Sep 2008 11:06:56 +0200

In order to improve their service convenience American Express Middle East and North Africa, leader in premium payment solutions entered into partnership with Commercial Bank of Dubai (CBD) to allow UAE-based American Express cardholders to settle their monthly bills online.

To settle their monthly American Express Card payments online cardholders should have accounts with CBD and visit CBD’s website. After submitting the payment it is processed the next working day.

SSI on debit cards instead of checks

ayny — Fri, 05 Sep 2008 11:05:52 +0200

A new program was developed by the US government to allow Social Security recipients to receive their benefits via a prepaid debit card. The Department of the Treasury said Thursday that nearly 2 million Social Security recipients in 12 Western states will receive information this month about the new option. The project is aimed at people who do not have bank accounts and receive paper checks, which can be lost, stolen or delayed.

Going forth with mobile platform Visa starts new programs

ayny — Thu, 04 Sep 2008 10:12:46 +0200

Four new programs are being launched by Visa in its quest for making mobile commerce a global reality. At the moment there is more than a dozen pilot and commercial programs enabled by the Visa mobile platform around the world. The list will be continued by two commercial mobile payments programs, in Brazil and Korea, along with two mobile offers and transaction notification pilots in the United States.

Credit cards without debt risk issued by PayPal

ayny — Wed, 03 Sep 2008 12:15:01 +0200

A new prepaid credit card was launched by the online payment service PayPal to help customers enjoy the convenience and ease of using plastic when making payments without the risk of falling into debt as they might with a standard credit card.

Prepaid Axcess Card available for thousands of Americans

ayny — Wed, 03 Sep 2008 10:00:16 +0200

NetSpend signed a collaborative agreement with Axcess Financial alliance to create the NetSpend Axcess Prepaid MasterCard (the Axcess Card), a general purpose reloadable prepaid debit card. The deal will make the Axcess Card and the NetSpend National Savings Program available to thousands of customers across the US through Axcess Financial's distribution channels.

Card reader with Asian characters

ayny — Tue, 02 Sep 2008 14:44:02 +0200

Asian markets will soon be provided with a new product from VASCO Data Security International, Inc., the leading software security company specializing in authentication products. VASCO launched its Digipass 810, a new version of VASCO's popular Smart Card CAP reader upgraded to support Asian character sets.

Prepaid credit cards – convenient way to educate children

ayny — Tue, 02 Sep 2008 14:30:32 +0200

Effective financial management and responsibility may be cultivated in kids too. A new report shows that an effective tool to educate children is a prepaid credit card. In addition such a training can cause an increase in the prepaid credit card market.

Thorough information on top credit cards at Creditimes

ayny — Mon, 01 Sep 2008 19:10:09 +0200

Customers searching for credit card applications will now be offered the resources to make the best choice on creditimes.com which is providing over 100 credit card offers.

Creditimes allows both individual customers and businesses to select from the top rated credit card companies like Bank of America, discover, American Express, First National Bank, and HSBC.

Extended use of CUP cards in Singapore

ayny — Mon, 01 Sep 2008 19:09:08 +0200

A new strategic partnership was signed China-based electronic payment operator China Union Pay (CUP) and Singapore's DBS Bank. The subject of the agreement is 1.6 billion Chinese CUP cardholders to use their credit and debit cards at more retail outlets in Singapore.