| » Publisher's Corner |
What Is Swifter Than SWIFT?
By the time you read this month's issue of TPAtlanta, we will have just passed the 5th anniversary of the tragic terrorist attacks of September 11, 2001. Regardless of where you stand along the political and ideological continuum, you had to be impacted by the events of that day. I am old enough to remember where I was when President Kennedy got shot and when Martin Luther King was assassinated, but the events of 9-11 still resonate with me strongly. Perhaps you have your own memories of how your day unfolded five years ago.
I remember reluctantly delivering a consulting report to a bank CIO that day despite all the chaos going on in the world around us. A small technology start-up that I was involved with back then was supposed to get some venture capital funding in September, 2001, but that money disappeared soon after the planes hit the Word Trade Center and the Pentagon.
It is in the spirit of 9-11 and how our country's fight against terrorism has permeated our daily lives that we use this issue of TPAtlanta to discuss an interesting facet of Transaction Processing that may be new to you: Hawala.
Earlier this summer, President Bush was quick to react angrily against the New York Times for exposing the US government's monitoring of SWIFT (Society for Worldwide Interbank Financial Telecommunications) as a suspected conduit for the transfer of terrorist funds.
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Calvin D. Johnson, Publisher
publisher@tpatlanta.com
Trans Atlantic Systems, Inc.
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| » Editorials/People |
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As retailers turn banker, policymakers fret
Carmakers have them. So do Target, General Electric, and a dozen other commercial enterprises. Now Wal-Mart and Home Depot want their own industrial banks.But the giant retailers' interest in the obscure, but rapidly growing, financial institutions, called industrial loan companies, has moved Washington policymakers to consider closing the last avenue that non financial companies have into the banking business. Click here for more..
U.S. Banks Are Slow to Embrace Mobile Commerce
Imagine waving your New York subway pass in front of the cash register at a 7-Eleven convenience store to buy a sandwich. Or paying for items you found while surfing the Web on your cell phone by sending a text message.
Such futuristic exercises in the U.S. are already a reality in many Asian and European countries.
For example, Hong Kong residents can use the local subway pass, called an Octopus card, to pay for purchases at fast-food restaurants, convenience stores and vending machines.Click here for more..
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» Main Story |
| "Global reach and compliance are our key differentiators" 
The fastest growing company in Georgia; Industry's only PCI compliant EIPP (Electronic Invoice Presentment and Payment) provider; Harbor Payments has many firsts up its sleeve and continues to achieve stupendous growth. Founded in 2000 the company has achieved a 12,994 percent growth over five years.
In the driver's seat is, the company's founder and CEO Ashish Bahl. Energetic and go-getter to the core, Ashish is known for his business acumen and zest to trigger rapid progress in whatever he undertakes.
Click here to read more . |
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» Feature Stories |
Identity Theft Task Force Announces Interim Recommendations
The Department of Justice has announced that the President's Identity Theft Task Force has adopted interim recommendations on measures that can be implemented immediately to help address the problem of identity theft.
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Survey shows E-Crime incidents are declining yet impact is increasing
CSO magazine today releases results of the 2006 E-Crime Watch survey, which reveals a decline in security events1, yet an increase in the financial and operational losses caused by such electronic crime2 incidents.
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| » Earlier this week |
CheckFree eVent Delivers Interface to CDS Inc. for SWIFT ISO 15022 Entitlement Data
CheckFree Corporation announced that CheckFree eVentTM, the company's powerful automation and workflow solution for corporate actions processing, now interfaces with the SWIFT ISO 15022 compliant data feed from CDS INC.
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ChoicePoint® Ranks No. 25 on InformationWeek 500 List of Consulting & Business Services
ChoicePoint announced that it is ranked among the top 25 providers of consulting and business services in the 2006 listing of the InformationWeek 500.
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First Data's TeleCheck Electronic Check Acceptance® Rolled Out in Office Depot Stores Nationwide
TeleCheck Services, Inc., subsidiary of First Data Corp announced that Office Depot has contracted with TeleCheck to provide the Electronic Check Acceptance(R) (ECA(R)) service in the company's more than 1,000 stores nationwide.
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Global Payments Europe to Acquire Sarajevo-based Processor
Global Payments Inc, reached an agreement to acquire the assets of Diginet, an indirect payment processor for both point-of-sale (POS) and ATM transactions based in Sarajevo, Bosnia and Herzegovina.
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Wachovia, GE enter credit card partnership
Wachovia Corp (WB) has said it has teamed up with a General Electric Co. (GE) unit to provide commercial and purchasing credit cards to the No. 4 U.S. Bank.
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| » Industry News |
Equifax Introduces Long-Term Growth Strategy
Equifax Inc. announced that it now expects earnings per share to exceed $2.00 for calendar year 2006, an increase from its previous EPS estimate of $1.90 to $1.99 which was released on February 2, 2006.
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Fidelity National Information Services to Make Profile Available on HP Integrity Servers
Fidelity National Information Services Inc. (FIS) announced that it is making FIS' Profile real-time retail banking solution available on HP Integrity servers.
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Global Payments and Discover Financial Services Announce Merchant Acquiring Agreement
Global Payments In, a leader in payment processing services, and Discover Financial Services LLC, a business unit of Morgan Stanley (NYSE: MS) announced that they have signed a merchant acquiring agreement.
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TRX, Inc. President & CEO, Trip Davis, nominated as outstanding leader by American Electronics Association.
TRX, Inc. a leading, independent provider of transaction processing and data integration solutions to the global travel industry, today announced the nomination of Trip Davis, TRX President & CEO, to receive AeA's (American Electronics Association) Southeast Spirit of Endeavor Award in Outstanding Leadership.
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TSYS Increases Equity Stake In China UnionPay Data
TSYS has increased its equity interest in China UnionPay Data Services Co., Ltd. ("CUP Data") to 44.5 percent.
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