Friday, November 11, 2011

Manny Pacquiao Discusses His Latest Endeavor – 24/7 Visa® Prepaid Debit + Remit Card


November 11, 2011 07:00 AM Eastern Time 
Helping his countrymen is top of mind even as Pacquiao approaches big fight against Juan Manuel Marquez
LOS ANGELES--(BUSINESS WIRE)--Eight-division boxing world champion Manny Pacquiao discusses his latest business venture: 24/7 Visa® Prepaid Debit + Remit Card.
“Helping the Filipino community and families is a cause very close to my heart”
Even as Pacquiao prepares to face Juan Manuel Marquez for the third time in Saturday’s showdown at the MGM Grand Garden Arena in Las Vegas, he has the well being of his fellow Filipinos in mind.
“24/7 Card is the all-new Visa debit card that allows people to send money to family and friends around the world for a low cost,” Pacquiao explains. “This is the first debit plus remit card designed especially for Filipinos who work hard to support their families back at home. Now Filipinos and other immigrants have an affordable, secure and convenient way to send money to their loved ones overseas.”
A native Filipino and national hero, Pacquiao has played a key role in developing 24/7 Card, which will make it easier and less costly for Filipino immigrants to send much needed financial support to their families in the Philippines. “Helping the Filipino community and families is a cause very close to my heart,” explains Pacquiao. “I am pleased to bring to our community a product that will help improve the lives of my countrymen around the world. 24/7 Card is my card.”
To hear Manny Pacquiao speak more about his latest business venture and his commitment to helping Filipinos all around the world, view his interview at http://vimeo.com/album/1745531. Additional footage and photos are also available.
For more information about 24/7 Card, please visit www.247card.com
About 24/7 Card
24/7 Card is the all-new prepaid debit and remit card available for Filipinos and immigrants living and working in the United States. It features an all-new, one-two combo “Debit + Remit” benefits in one powerful card. The Smarter Way to Bank and Send Money™, 24/7 Card empowers users with their very own card account to securely manage personal finances, as well as conveniently send money to their loved ones around the world — 24 hours a day, seven days a week. Headquartered in Los Angeles, with operations in Manila, Philippines, 24/7 Card provides thousands of convenient load and re-load locations. 24/7 Visa Prepaid Card is issued by Central National Bank pursuant to a license from VISA U.S.A.; Member FDIC. Funds are insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC). Use of card subject to funds availability. Transaction fees, terms, and conditions apply. See Cardholder Agreement for complete details.
About Manny Pacquiao
Born and raised in the Philippines, Manny Pacquiao is a professional boxer and Filipino politician. The first eight-division world champion, Pacquiao has won six world titles, including championship titles in four different weight classes. The current WBO Welterweight World Champion, Pacquiao was also named the “Fighter of the Decade” for the 2000s by the Boxing Writers Association of America. He is widely recognized as the number one pound-for-pound best boxer in the world. Pacquiao is deeply committed to improving quality of life for Filipinos around the world — a commitment he upholds as an elected representative in the House of Representatives in his native country.
About the Interviewer, Antoinette Taus
Antoinette Taus is a celebrated singer, actor and spokesperson. She began appearing in commercials at the age of four and soon became a star in Philippine music, movies, theater and television. As a representative of the Philippines, she was selected to host the BBC Millennium Celebration, which was broadcast worldwide. With several hit television shows, films and chart topping albums under her belt, she is now based in Los Angeles where she continues to pursue her dream of becoming one of the top entertainers in the world
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2011 Exhibitor Profiles for CARTES & IDentification 2011


November 11, 2011 02:24 AM Eastern Time 


CARTES & IDentification 2011 Exhibitor Profiles - A through Z

CARTES & IDentification 2011
PARIS--(BUSINESS WIRE)--CARTES & IDentification 2011, takes place November 15 through November 17, 2011 at Parc des Expositions - Paris-Nord Villepinte.
Business Wire is the official news wire and online press kit service for CARTES & IDentification 2011. Breaking news releases and exhibitor press kits are available at TradeshowNews.com, Business Wire's trade show, conference, and event news resource.

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This 28-Year-Old's Startup Is Moving $350 Million And Wants To Completely Kill Credit Cards

There's a tiny 12-person startup churning out of Des Moines, Iowa.
Dwolla was founded by 28-year-old Ben Milne; it's an innovative online payment system that sidesteps credit cards completely.
Milne has no finance background yet his little operation is moving between $30 and $50 million per month; it's on track to move more than $350 million in the next year.
Unlike PayPal, Dwolla doesn't take a percentage of the transaction. It only asks for $0.25  whether it's moving $1 or $1,000.
We interviewed Milne about how he is building a credit card killer and Square rival from the middle of the nation where VCs and press are scarce.
BI: We hear you're making credit card companies angry. How are you doing that?


Read more: http://www.businessinsider.com/this-28-year-old-is-making-sure-credit-cards-wont-exist-in-the-next-few-years-2011-11?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=SAI%20Select&utm_campaign=SAI%20Select%202011-11-11#ixzz1dOz80dOx


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Thursday, November 10, 2011

Vantiv to File for IPO



(Reuters) - Payment processor Vantiv Inc filed to go public on Thursday, as appetite for U.S. IPOs seems to be returning following daily deals website Groupon Inc's (GRPN.O) strong listing last week. Ohio-based Vantiv, owned by Fifth Third Bancorp (FITB.O) and buyout firm Advent International, filed to raise up to $100 million in an IPO of Class A common shares. In July, the Wall Street Journal reported that Vantiv was planning to file for an IPO that could value the company at as much as $4.5 billion, and hoped to raise between $750 million and $1 billion through the offering.
 read more


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McDonald's, Wal-Mart Leaders Pull Back Support for Debit Reform


  
Executives from Wal-Mart and McDonald's believe the new debit card transaction rules now appear to be less effective than initially anticipated at reducing their expenses and may even increase costs, according to the Chicago Tribune. One 7-Eleven leader, meanwhile, thinks the results will be a mixed bag for his company.  

Read More 
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CardinalCommerce and STAR Network Announce Universal PIN Debit Service Initiative


PRESS RELEASE
Nov. 10, 2011, 8:00 a.m. EST
MENTOR, Ohio and ATLANTA, Nov 10, 2011 (GlobeNewswire via COMTEX) -- CardinalCommerce and the STAR Network today announced that STAR has signed a non-binding letter of intent to participate in the Universal PIN Debit Service (UPDS(TM)) enabled by Cardinal. STAR is one of the nation's leading electronic funds transfer (EFT) networks, with more than 2 million retail and ATM locations, and a First Data company. First Data is a global leader in electronic commerce and payment processing.
Cardinal's UPDS enables online shoppers to use their ATM / debit cards to make purchases using the cardholder authentication method chosen by their financial institution. UPDS currently supports multiple authentication choices. After execution of a final agreement between STAR and Cardinal, new authentication options would be made available to STAR member financial institutions based on demand.
Because UPDS is available through the Cardinal Centinel(R) Universal Merchant Platform, current Centinel customers may easily opt into UPDS. Transactions flow through merchants' existing order management systems, gateways, and processors.
Participation in the UPDS is part of the STAR eCommerce roadmap, which has long recognized the value of extending secure debit payments into the online and mobile channels. The ability to offer best-in-class security for protection of consumer payment information, multiple advanced authentication methods, and a convenient customer experience is critical to the success of debit payments online for all parties.
"STAR recognizes the importance of the online and mobile channels in relation to the future of electronic payments, and will not lose sight of the fact that these transactions must be as secure as possible," said Julie Saville, vice president of Product Development for the STAR Network. "Once a contract is executed and the service implemented, UPDS integration would allow STAR member financial institutions the flexibility to choose the secure authentication method they want their customers to use when using their debit cards online."
UPDS has the potential to help grow secure debit transactions online by easily enabling merchants that accept STAR, which in turn would provide the coverage needed for STAR member financial institutions to promote this payment method to their cardholders. Authentication methods offered by STAR through the UPDS would help to ensure that debit transactions are as secure for online payments as they are today at the physical point of sale with PIN authentication.
Debit continues to be one of the fastest growing payment types in the United States. Introducing secure cardholder authentication options for online payments benefits all parties in the payments chain:
        
          --  Consumers concerned with payment security who use PIN debit at their
              favorite physical merchants will prefer using secure authentication
              methods for online payments, and will feel more comfortable when
              purchasing from the Internet channel.
          --  STAR member financial institutions can improve their bottom line by
              reducing fraud losses. With UPDS participation, the STAR Network would
              enable its members to choose an authentication method that best meets
              their security goals, with flexibility to evolve their authentication
              solutions as needed.
          --  In addition to reducing fraud, merchants will have added incentive to
              promote the use of debit for online payments in light of the Durbin
              legislation, which widened the gap between debit and credit interchange.
UPDS is an appealing and unique online PIN debit service for two reasons: 1) Thousands of eCommerce merchants already use the Centinel platform and will thus be able to leverage their existing Centinel service, and 2) UPDS supports issuer choice relative to appropriate authentication for their customers.
Cardinal's UPDS provides an integrated solution that does not disrupt merchant fulfillment or customer service systems. UPDS will be deployed in a manner that makes it easy to participate and that will encourage participation by key stakeholders, using the proven and familiar "plug and play" Centinel model. UPDS adds one more secure payment option, secure debit, for eCommerce and mCommerce merchants using Centinel.
"We are pleased to have the opportunity to work with STAR to enable secure PIN debit transactions for eCommerce and mCommerce," said Janet Kapostasy, Vice President of Financial Institution Services for CardinalCommerce. "Secure debit in the virtual channels is one more opportunity for Cardinal to execute our strategy, to enable authenticated transactions originating from any place, sending transactions to the right place, in the right way."
About STAR
The STAR(R) Network enables consumers to use their ATM / debit cards to obtain cash and make purchases quickly and securely throughout the United States. With a singular focus on real-time debit payment processing for more than 25 years, STAR is committed to driving increased reliability, security, cardholder convenience, and choice wherever and whenever consumers demand access to their money. STAR puts its debit expertise and industry knowledge to use for its clients -- which include financial institutions, retailers, processors and billers -- delivering innovative services as well as market insights that help them increase the value they derive from their debit programs. For more information, visit www.star.com .
The STAR Network is an integral part of the payment services offered by First Data Corporation. Around the world, every second of every day, First Data makes payment transactions secure, fast and easy for merchants, financial institutions and their customers. Whether the choice of payment is by debit or credit card, gift card, check or mobile phone, online or at the checkout counter, First Data takes every opportunity to go beyond the transaction.
About CardinalCommerce
CardinalCommerce Corporation is the global leader in enabling authenticated payments, secure transactions, and alternative payment brands for both e-commerce and mobile commerce.
Cardinal Centinel(R) is authentication software for merchants which enables payment brands such as Verified by Visa, MasterCard(R) SecureCode(TM), Alipay, Amazon Payments(TM), Bill2Phone(TM), Bill Me Later(R), ClickandBuy(R), Cashpayment.com(TM) Cred-Ex(R), Ebates(TM), eBillme(TM), eLayaway(TM), Google(TM) Checkout, Green Dot(R) MoneyPak(R), Mazooma(TM) Moneybookers, MyECheck, NACHA(R) Secure Vault Payments (SVP), NYCE(R) SafeDebit(TM), OneTouch Online Purchasing(TM), Paymate, PayPal(TM), paysafecard, RialtoPay, SafetyPay(TM), TeleCheck(R), Ukash(TM), Western Union(R) and more to a network of thousands of merchants and merchant service providers.
Cardinal's mobile commerce platform, Cardinal MAX(TM), makes it simple for retailers to sell and market products through the mobile channel. Cardinal's proprietary and easily deployable technology provides consumers, merchants, credit/debit card issuers, and processors the ability to conduct authenticated Internet, wireless and mobile transactions safely and securely.
Cardinal's 2IDENTIFI(TM)Platform enables a Financial Institution to authenticate its' customers, for eCommerce transactions using Verified by Visa, MasterCard SecureCode, and American Express SafeKey(R) or for secure access to online banking applications. The complimentary 2IDmobile(TM) service enables a customer's mobile phone to become a token, creating a strong dynamic one-time use number for authentication, or can deliver the dynamic one-time number.
Headquartered in Cleveland, Ohio, with facilities in the United States, Europe, and Africa, Cardinal services a worldwide Customer base. For more information, visit www.cardinalcommerce.com
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: CardinalCommerce Corporation; First Data Corporation
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Spain Mobile Payment Market: Gross Transaction Value to Rise to $15 Billion in 2015


November 10, 2011 07:55 AM Eastern Time 
DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of IE Market Research Corp.'s new report "3Q.2011 Spain Mobile Payment Market Forecast 2009 - 2015: Gross transaction value of mobile payments in Spain to rise to $15 billion in 2015" to their offering.
“3Q.2011 Spain Mobile Payment Market Forecast 2009 - 2015: Gross transaction value of mobile payments in Spain to rise to $15 billion in 2015”
Spain Mobile Payment Market Forecast provides a comprehensive forecast of Spain's mobile payment market. We cover annual forecasts of mobile payment users; mobile payment transactions by technology (such as NFC, SMS, WAP, USSD); and mobile payment transactions by type of purchase (such as merchandise, digital products, ticketing, mobile money transfers, bill payments, and pre-paid top-ups). The report is based on Global Consumer Telecommunications Survey-- which covers 50,000 mobile users in 50 markets globally and is the most extensive country-specific forecasts of its kind.
This report will be useful to:
  • Strategists and analysts at mobile phone operators and banks/credit card companies responsible for mobile payment strategy development and business analytics
  • Developers of mobile payment systems at handset manufacturers
  • Device manufacturers in all areas of the telecommunications market that need strategy recommendations on key trends in the global mobile payment industry
  • Financial analysts and portfolio managers covering firms in the mobile payment market
  • Consultants advising their clients on mobile payment markets
  • Researchers who need to gain a better understanding of the global mobile payment market
Key Topics Covered:
Series Covered in this Country Forecast, 2009 - 2015
Mobile Payment Users (millions)
Mobile Payment Transactions by Technology (millions)
Mobile Payment Transactions by User Case (millions)
Gross Transaction Value for Mobile Payments by User Case ($ millions)
Average Transaction Size of Mobile Payments by User Case ($)
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South and Central America Mobile Payment Market: Gross Transaction Value to Rise to $46 Billion in 2015


November 10, 2011 08:00 AM Eastern Time 

Research and Markets: 3Q.2011 South and Central America Mobile Payment Market Forecast 2009 - 2015: Gross Transaction Value to Rise to $46 Billion in 2015

DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of IE Market Research Corp.'s new report "3Q.2011 South and Central America Mobile Payment Market Forecast 2009 - 2015: Gross transaction value of mobile payments in Latin America to rise to $46 billion in 2015" to their offering.
“3Q.2011 South and Central America Mobile Payment Market Forecast 2009 - 2015: Gross transaction value of mobile payments in Latin America to rise to $46 billion in 2015”
South and Central America Mobile Payment Market Forecast provides a comprehensive forecast of the regional and country-specific mobile payment markets. The countries covered are Argentina, Brazil, Chile, Colombia, Mexico, and Peru.
We cover annual forecasts of mobile payment users; mobile payment transactions by technology (such as NFC, SMS, WAP, USSD); and mobile payment transactions by type of purchase (such as merchandise, digital products, ticketing, mobile money transfers, bill payments, and pre-paid top-ups). The report is based on Global Consumer Telecommunications Survey-- which covers 50,000 mobile users in 50 markets globally and is the most extensive country-specific forecasts of its kind.
This report will be useful to:
  • Strategists and analysts at mobile phone operators and banks/credit card companies responsible for mobile payment strategy development and business analytics
  • Developers of mobile payment systems at handset manufacturers
  • Device manufacturers in all areas of the telecommunications market that need strategy recommendations on key trends in the global mobile payment industry
  • Financial analysts and portfolio managers covering firms in the mobile payment market
  • Consultants advising their clients on mobile payment markets
  • Researchers who need to gain a better understanding of the global mobile payment market
Key Topics Covered:
Series Covered for each country and the region, 2009 - 2015
Mobile Payment Users (millions)
Mobile Payment Transactions by Technology (millions)
Mobile Payment Transactions by User Case (millions)
Gross Transaction Value for Mobile Payments by User Case ($ millions)
Average Transaction Size of Mobile Payments by User Case ($)
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First Data's October 2011 SpendTrend®


First Data Releases October 2011 SpendTrend®

Card Spending Growth Remained Strong in October

ATLANTA--(BUSINESS WIRE)--First Data Corporation, a global leader in electronic commerce and payment processing, today released its First Data SpendTrend® analysis for the full month of October 2011 compared to October 2010. SpendTrend tracks same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations.
“Both transaction growth and credit card spending were up significantly; indicating consumers are increasingly disposed to spending heading into the crucial holiday season.”
In October, dollar volume growth held steady at 9.4% versus September’s growth of 9.5%. Overall transaction growth improved to 7.5% in October from 7.1% in September. Inflation continued to be evident in the food sector as Food/Beverage Stores posted average ticket growth of 2.3% for the second consecutive month.
“Consumers continued to spend in October,” said Silvio Tavares, SVP and division manager of First Data Global Information and Analytics Solutions, which publishes SpendTrend. “Both transaction growth and credit card spending were up significantly; indicating consumers are increasingly disposed to spending heading into the crucial holiday season.”
Oct. Transaction Growth
   
CHANGE
         
Oct. Dollar Volume Growth
   
CHANGE
Credit+9.9%Credit+10.2%
Signature Debit+6.3%Signature Debit+7.6%
PIN Debit+7.4%PIN Debit+9.9%
Check-10.8%Check-12.1%
Note: All transactions are same-store growth.
To access the full SpendTrend analysis, visit www.firstdata.com/infoanalytics or call SpendTrend Customer Care at 800-430-0169. A supplementary podcast including further analysis of the SpendTrend October 2011 report is available here.
To participate in the SpendTrend conversation, please follow First Data at http://twitter.com/FirstData and join us athttp://on.fb.me/spendtrend.
Around the world, every second of every day, First Data makes payment transactions secure, fast and easy for merchants, financial institutions and their customers. First Data leverages its vast product portfolio and expertise to drive customer revenue and profitability. Whether the choice of payment is by debit or credit card, gift card, check or mobile phone, online or at the checkout counter, First Data takes every opportunity to go beyond the transaction.
First Data SpendTrend, a macro-economic indicator, is based on aggregate same-store sales activity in the First Data Point of Sale Network. First Data SpendTrend does not represent First Data’s financial performance.
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