Cardtronics Buys Out ATM Network

Cardtronics wholly owned subsidiary acquired all the assets of ATM Network, including its merchant contracts, customer relationships, online store and web properties. ATM Network’s management team and employees are expected to join Cardtronics. ATM Network provided ATM services to independent merchants, primarily on the local level and grew into a nationwide company, boasting a merchant client count topping 6,000. The assets of ATM Network deliver a complement to Cardtronics’ existing independent merchant ATM business, which has historically filled its sales pipeline through indirect sales efforts, primarily through a network of dealer relationships. The acquisition of ATM Network’s assets pushes Cardtronics’ merchant-owned ATM count to 21,300 machines under contract.

American Express Appoints Executive VP/CIO

American Express appointed Marc D. Gordon Executive VP, CIO and consequently a Corporate Officer upon his election by the American Express Board of Directors. He most recently served as Enterprise CIO and Chief Technology Officer at Bank of America, where he led the development of industry-leading capabilities and innovations at very large scale. Previously, he was CIO for Best Buy and The Timberland Company. Marc began his career as a consultant at Accenture, serving clients across a range of industries. Gordon holds a bachelor’s degree in economics from Colby College and a master’s degree from MIT’s Sloan School of Management.

Syncada from Visa Launches Enhanced Capabilities

Syncada made available its e-invoicing tool to allow companies to further automate invoice processing and improve efficiency by eliminating manual paper processes. Experts predict electronic processing and payment solutions, such as Syncada, will render paper-based invoice processing and management obsolete. The launch of this innovative e-invoicing solution, European corporates may reap the benefits of e-invoicing while making payments and providing financing to suppliers around the globe. Integrated directly into the multibank network, the e-invoicing tool meets certain requirements set forth by European Union regulators”including the ability to e-sign invoices as well as robust data capture to enable compliance with tax regulations.

Wells Fargo Named Best Internet Bank

Global Finance magazine has named Wells Fargo & Company Best Corporate/Institutional Internet Bank and Best Consumer Internet Bank in the United States. In its 13th annual World’s Best Internet Banks competition for North America, Global Finance magazine also recognized Wells Fargo, among corporate/institutional banks, as Best Mobile Banking (for the second consecutive year), Best Online Treasury Services, and Best Web Site Design. Among consumer Internet banks, Wells Fargo earned awards for Best Web Site Design, Best Bill Payment & Presentment (for the fourth consecutive year), and Best Social Media (for the second consecutive year).


Harbortouch America POS Systems launched information on several new user-friendly features on their website for online access to its POS management and reporting tool known as the Lighthouse Feature and the launch of the more powerful All in One (AIO) Elite System. Harbortouch America has also added a new video narrative for its Free POS Program, walking viewers through the structure of the Free POS Program and also offers business owners the option to enter their information online to receive a full proposal.

ViVOtech Sells Reader Business

ViVOtech completed the sale of its ViVOpay reader business to ID Tech, a manufacturer and supplier of smart card and credit card readers to PCI compliant payment solutions. ID Tech is committed to providing a smooth transition for ViVOpay’s existing customers and relationships. VIVOtech has been executing a strategy to divest its ViVOpay reader business to a qualified buyer and focus on its ViVOnfc Software business. Now the sale of the Reader business is complete, the company is focusing energy on the continued support of our customers, contracts and partners for the growth of business.

Bremer Financial Implements FIS Core Solution

Bremer Financial is set to deploy FIS’ core banking solution for its commercial services, along with FIS’ item processing, treasury and cash management, image technology, ACH, branch automation and analytics solutions. Bremer selected FIS for its ability to deliver a true end-to-end core relationship solution that solves the complex challenges facing the growing bank and supports its customer-centric focus. The comprehensive functionality of FIS’ core processing solution will enable Bremer Financial to reduce the number of third-party systems used, resulting in significant improvements in operational efficiencies. FIS delivers comprehensive core solutions that are designed to meet the strategic needs of banks of all sizes. Personalized service, competitive choices and maximum convenience are the standards that set FIS’ solutions apart and provide clients with the means to meet, and often exceed, their strategic business goals.

Agilysys Launches mPOS Software System

Agilysys marketer of proprietary enterprise software, services and solutions made available its “NextPosition 3S” next-generation mobile POS software system. Designed to work with the SAP POS application 2.3, the software extends and expands the Agilysys NextPosition MPOS functionality through integration with SAP POS via a modern, mobile user interface for the store associates. Agilysys worked closely with SAP to develop a feature-rich solution that integrates with the SAP POS and related applications for retail stores and enterprise systems without requiring additional middleware. The integration with SAP POS, leveraging the SAP Afaria® mobile device and application management solution, allows Agilysys to deliver the full functionality of a retailer’s POS system to a mobile device.

Wells Fargo Small Business Optimism Down 6 Points

The Wells Fargo/Gallup Small Business Index declined six points to 17, which virtually erases gains experienced earlier this year. The number of business owners expecting to be in a good financial position over the next 12 months declined seven percentage points to 59% and those expecting increased revenues in the next 12 months declined by six percentage points to 43%. Despite the decline in the Index score this quarter, business owner optimism has improved significantly from the Recession low point when the Index dipped to minus 28 (-28) in 3Q/10. With the number one reason cited for not making a small business investment being concern about the overall state of the economy, small business owners planning to make capital investments over the next 12 months say they intend to make them in new equipment/machinery (64 percent) and technology, such as computers (61 percent), new software or websites (56 percent), and mobile devices (52 percent). But business owners who said they plan to make a capital investment over the next 12 months say they are planning to pay for it using business revenue/profits (93 percent); credit (39 percent); and savings (31 percent).

Economy Lacking Job Creation Sees Paydowns

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the Total outstanding revolving US consumer credit having skyrocketed 11.2% in May since the year ago figure, U.S. credit card performance continues to excel as delinquencies are hitting record lows to an 18-year record low of 1.78%-despite unemployment stagnation. Up from the April figure of $862.2 billion, outstanding revolving US…

Navy Army Community Credit Union Selects Fiserv Deposit

Navy Army Community Credit Union has selected a range of Fiserv solutions to enhance its check deposit and processing services, including Branch Source Capture™, ATM Source Capture™, the Fiserv® Clearing Network and mobile capture and item processing capabilities. With ATM and Consumer Source Capture from Fiserv, members will benefit from the ability to deposit checks at the closest ATM or at home, whenever it is most convenient for them. Additionally, with the cross-channel duplicate detection capabilities available through Source Capture Solutions®, Navy Army can easily detect duplicates across all of its capture channels. Navy Army has been a Fiserv client for more than 20 years and uses Fiserv’s DataSafe® for core account processing, CheckFree RXP for online bill payment, LynxGate for ATM management and VirtuosoTM for online banking.

Datacard Group Deploys Card Issuer Software Upgrade

Datacard Group made available its software upgrade package to help U.S. card issuers on its “CardWizard” issuance software migrate to EMV compliant smart card programs. Building on “CardWizard” and “Affina” smart card software, the software upgrade includes a phased approach to affordably integrate smart card personalization into their existing card issuing environments. The software upgrade along with SafeNet’s HSMs will help customers meet worldwide standards and requirements for EMV compliant card programs, as well as compliance with Visa® and MasterCard® security recommendations.