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Recent blog posts

Having officially opened its new London office last week, recurring billing expert Aria Systems is expanding its business operations in the EMEA market to meet the growing worldwide demand for subscription commerce solutions.

San Francisco, CA (PRWEB) June 19, 2013

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New payment options lower invoicing costs and improves membership experience.

Visalia, California (PRWEB) June 19, 2013

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Cognia, a provider of global communications services for compliance, risk and productivity, announced today that it has joined the PCI Security Standards Council as a new Participating Organization.

London (PRWEB UK) 19 June 2013

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Cognia, a provider of global communications services for compliance, risk and productivity, announced today that it has joined the PCI Security Standards Council as a new Participating Organization.

London (PRWEB UK) 19 June 2013

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PDC4U, one of the leading companies that enhance Revenue Cycle and Accounts Receivable Management, releases an essential solution with its valuable new feature, “Signature4U”.

Ogden, Utah (PRWEB) June 19, 2013

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The ability to pay bills and purchase retail items via QR codes is a core part of the Pingit mobile payments service, and soon-to-be-launched Buyit service, from Barclays says Richard Martin, MD, cash management at Barclays.

According to Martin, Buyit, will allow consumers to click on a QR code next to an item in an advertisement, such as at a train station or in a magazine, with their mobile phone and purchase that item.

"You don't have to go home and go online to purchase the items later, you can chose to purchase right there and then," he adds.

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Bankers have a reputation of being very conservative and well, frankly, boring. As an ex-banker I’d like to defend this and say that rather than the image of grey suited accountants, they should be seen as heroes like Tom Cruise in Mission: Impossible. After all – bankers are in the risk business – and are taking risks every day.

Here in Malaysia, bank branches have a little more edge to them, with armed guards casually caressing shotguns and looking very bored – you don’t get that in sleepy Norfolk where I live when I’m in the UK. The point is that bankers adapt locally to the risk, and balance it on how to mitigate the risk. A branch has the possibility of getting robbed – and the bank puts in compensating controls to reduce that risk – but short of never letting anyone in the branch it will always have the possibility of getting robbed.

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ERN, the UK-based start-up behind a platform that allows banks and merchants to aggregate and analyse data generated by card transactions, has raised $1.6 million in seed funding.

The money, which comes on top of a $2 million round late last year, has been put up by "a number of high net worth individuals" and will be used for platform development and staff hires. Former Mastercard executives Anant Patel and Brian Eagle-Brown have already come on board in recent months.

Launched in February and now going into testing with several firms, ERN's Looop platform brings together card payment and merchant data in real time to enable banks and retailers to see the granular detail of every purchase.

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Swedish social payments start-up iZettle has made its mobile payments service available in Mexico as a result of the Swedish company’s global partnership with Banco Santander, a Spanish financial institution.

For the Mexican market, iZettle has also launched a new mini chip and Magstripe card reader for Apple or Android phones and tablets, that allows small businesses to accept both chip card and magnetic stripe card payments.

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The value of mobile commerce transactions conducted via mobile handsets and tablets is set to exceed USD 3.2 trillion by 2017, up from USD 1.5 trillion in 2013, a recent report has revealed.

According to a new report titled “Mobile Commerce Markets: Sector-by-Sector Trend Analysis & Forecasts 2013-2017” and issued by research firm Juniper Research, the increasing popularity of mobile devices for bill payment is reflected in the fact that the mobile banking sector accounts for the lion’s share of transaction values over the next five years. However, to put global m-commerce into context, total financial transactions in the US alone exceeded USD 4,400 trillion in 2012.

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Mobile money transfer and payment services provider BelCash, financial institution Commercial Bank of Ethiopia, mobile money services provider M-BIRR and financial institution Zemen Bank's z-Birr are set to start operations later this year to launch mobile banking services in Ethiopia.

On 1 January 2013, financial institution the National Bank of Ethiopia (NBE) issued a directive that allows transaction-based mobile banking for the country's unbanked citizens.

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Computer Services, a provider of end-to-end technology solutions, has launched its Social Payments Instant Network (SPIN), which enables banks to provide customers with direct P2P payment functionality through the company’s mobile and internet banking applications.

As a component of CSI’s Internet or mobile banking platform, SPIN’s P2P payments technology requires the 16-digit debit card number to send payment to any Visa cardholder. In addition, card information is encrypted to ensure complete security and compliance, and can be reused to send additional payments in the future without providing the full 16-digit card number each time.

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Punchey, a US provider of payment processing and marketing solutions, has launched out of private beta.

Punchey provides pass through pricing, a form of credit card processing pricing in which the actual cost of processing (interchange fees and assessments) is passed directly to businesses, as opposed to a flat fee.

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AXIS, an online operator in Indonesia, has launched AXIS Buzz, a customized version of the Active lockscreen application from Celltick Technologies, a provider of mobile commerce services.

With the AXIS Buzz mobile app, customers have access to their favorite and most frequently used contacts, applications, content and device functionalities. Users can also choose from themes and plugins as well as create their own personalized backgrounds for their Android smartphones.

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Global money transfer company MoneyGram has closed a deal with OzForex, a foreign exchange services provider, to provide mobile and web money transfers to customers in Australia and New Zealand.

Under the agreement, MoneyGram customers are set to be able to make money transfers from a bank account in Australia or New Zealand to bank accounts overseas via PC, tablet or mobile phone. It also enables customers to execute transfers on specific dates or at specific exchange rate targets, and the option to buy "bundled transfers" to lock in low, ongoing average transaction costs.

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US-based financial institution Navigant Credit Union has selected financial services technology company Fiserv for the latter’s DNA account processing platform.

With the platform's .NET architecture, Navigant can enhance DNA with solutions from Fiserv, third-party partners and applications developed by other DNA clients. The credit union will have access to the DNAcreator development toolkit, which allows the credit union's technical staff to create and sell custom core extensions called DNAapps to other financial institutions via the DNAappstore.

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In UK, 61 percent of consumers would trust the government to look after their digital identity data as part of the planned UK Online Identity Scheme, a recent study indicates.

According to the results of the latest Unisys Security Index, although 91 percent of UK residents support the government’s plans for the scheme, a small number would put their trust in private companies (9 percent) to manage identity credentials.

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A food producer with operations across the US has selected Swedish document automation and automated invoice processing company ReadSoft’s SAP-certified invoice automation solution to harness greater control, visibility and speed over its current paper-based invoice process. The agreement is worth USD 445,000.

With ReadSoft’s end-to-end invoice automation solution seamlessly integrated with the customer’s SAP system, the company gains visibility and control over its invoice process to yield faster and less expensive financial operations.

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