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Industry News
W.net Hires Managing Director PDF Print E-mail
W.net announced today the appointment of its new Managing Director, Victoria Tobin.

Ms. Tobin’s role will be to facilitate the vision of W.net’s Board of Trustees and assist in numerous strategic initiatives already underway at W.net, including the mentorship program, networking events for industry professionals, and a Career Development and Leadership Summit.

Ms. Tobin joins W.net with more than ten years of association experience, which includes work with both professional and trade organizations. She previously served as the Executive Director of the National Association of Professional Geriatric Care Managers. Ms. Tobin earned her B.A. at Stonehill College in North Easton, MA, where she studied Political Science and Communication. She resides in Tucson, Arizona.

About W.net (www.w-net.biz)

Women Networking in Electronic Transactions (W.net) was founded in 2005 with the mission of providing a forum to inspire and empower women in the electronic transactions industry to maximize their potential and position themselves for greater success through networking opportunities, mentoring programs, and the overall promotion of women in the industry.

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Regulators OK First Data Acquisition PDF Print E-mail
WASHINGTON -- Federal antitrust regulators on Friday approved First Data Corp.'s purchase of online banking and bill payment provider FundsXpress Inc.

 

According to a Federal Trade Commission notice, the government has completed its investigation of the sale and ended a waiting period on the transaction.

 

Omaha, Neb.-based First Data provides electronic payment services to financial institutions and businesses. Terms of its acquisition of FundsExpress were not disclosed..

 

FirstData said in April that it is being acquired by an affiliate of private equity firm Kohlberg Kravis Roberts & Co. for about $27 billion in cash. First Data's shares rose a penny to $32.52 in after-hours trading, after falling 3 cents to close at $32.51.

Voice Authentication System Unveiled PDF Print E-mail

In a move that will substantially reduce the threat of credit and debit fraud, the Voice Pay system uses the customer's own voice as a means of digitally signing and authorizing payments. It incorporates VoiceVault voice biometric authentication technology which is already in use by global banks, insurers and public sector organizations.

 

With its use of biometric, anti-phishing and anti-fraud technologies, Voice Pay can provide payment guarantees to consumers and business users processing any size of transaction from a penny upwards.

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Commerce Bank Picks AOC's Encompass PDF Print E-mail

Chantilly, VA – May 1, 2007 – AOC SolutionsSM, a leader in Web-based commercial card payment and management solutions, today announced that Commerce Bank has selected its EncompassSM technology to meet the unique needs of the bank’s Purchase, Fleet and Travel Card customers. Encompass is redefining the commercial card market and offering businesses more ways to integrate card payments into their purchasing and payables systems.

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April 17-19, 2012
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