ISS Recommends USA Technologies’ Shareholders Elect All Director Nominees

USA Technologies wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retailing industries, announced that Institutional Shareholder Services (“ISS”), one of the nation’s leading proxy advisory firms, joins Glass Lewis in recommending FOR the election of ALL nine USAT director nominees on the WHITE proxy card at the USAT 2012 Annual Meeting of Shareholders to be held on Thursday, June 28, 2012. They are pleased ISS recommends USAT’s shareholder vote FOR ALL nine of USAT’s director nominees. USAT agrees with the conclusions ISS reached after comprehensively evaluating the Company’s strategic plans to continue to build shareholder value. USAT’s Board is focusing on a high-margin service model that is developing a reliable, profitable stream of recurring revenues that creates a foundation for long-term value creation. ISS realizes, as we do, that as result of this strategy, USAT’s financial and operational positions are fundamentally strong and the Company is positioned for profitability and growth.

Evolution1 Presents Excellence Awards

Evolution1 electronic payment, on-premise, and cloud computing healthcare solution that administers reimbursement accounts – including HSAs, HRAs, FSAs, VEBAs, PRAs, and Wellness and Transit Plans – has announced the recipients of its 2012 Partner Excellence Awards. Award recipients were recognized for reaching significant milestones in 2011 across several areas including growth, evangelism, leadership, innovation, and customer service as well as overall outstanding Partner successes. The 2011 Partner Excellence Awards were presented in 10 categories: Service Excellence, Growth Excellence, Leadership, Evangelist of the Year, Innovator, Market Maker, New Partner of the Year, Card Partner of the Year, Platform Partner of the Year, and Partner of the Year. Award winners are:

Service Excellence: eflexgroup, Inc., Madison, Wisconsin, and Manley Services, Springfield, Oregon
Growth Excellence: National Benefit Services, West Jordan, Utah, and HealthSCOPE Benefits, Little Rock, Arkansas
Leadership: John Biwer, Discovery Benefits, Inc., Fargo, North Dakota
Evangelist: 125 Company, Germantown, Maryland, and Benefit Strategies, LLC, Manchester, New Hampshire
Innovator: Workable Solutions, Inc., Orlando, Florida; Intuit, Mountain View, California; and Chappelle Consulting Group, Birmingham, Alabama
Market Maker: Peak1 Administration, Coeur d’Alene, Idaho; Chard Snyder & Associates, Mason, Ohio; and Fifth Third Bank, Cincinnati, Ohio
New Partner of the Year: M&I Benefit Services, Appleton, Wisconsin
Card Partner of the Year: Benesyst, Minneapolis, Minnesota
Platform Partner of the Year: ACS Benefits/BCBS of North Carolina, Winston-Salem, North Carolina
Partner of the Year: US Bank, Minneapolis, Minnesota

Members Heritage FCU Deploys UltraData Enterprise Core Banking Platform

Harland Financial Solutions announced Members Heritage Credit Union implemented its UltraData Enterprise Core solution, including UltraData Enterprise CRM, Cavion® Internet Banking, Cavion Voice Banking, Cavion Mobile Banking, Cavion Bill Pay and ActiveView® Content Management. The credit union selected this product set from Harland Financial Solutions to provide its members with high-touch service, while increasing efficiency. In addition to the ease-of-use of UltraData Enterprise Core, integrated member relationship management from UltraData Enterprise CRM will enable the credit union to improve the member experience by presenting a unified approach to service. ActiveView Content Management will aid the credit union in better managing the storage, retrieval and flow of documents and information across the entire organization, which will improve efficiency and enable the institution to better service members seeking information.

Omgeo Updates Collateral Management

Omgeo made available new functionality on Omgeo ProtoColl, its automated collateral management solution. The new version of ProtoColl has been developed to help market participants manage their collateral and risk management operations ahead of the implementation of complex regulatory requirements for over-the-counter (OTC) derivatives clearing. The newest ProtoColl enhancements, available in version 7.5, provide market participants with a single, holistic view of their collateral exposures across bilateral and centrally cleared (CCP) OTC derivatives trades, as well as exchange traded derivatives and other collateral-related transactions such as repurchase agreements and securities lending activities. Users can manage the entire collateral life-cycle with ProtoColl, allowing them to execute robust counterparty risk management procedures and demonstrate the results to regulators and investors.

GLASS LEWIS RECCOMENDS USA TECH REELECTS BOARD

USA Technologies wireless, cashless payment and M2M telemetry solutions for self’serve, small’ticket retailing industries, announced that Glass Lewis & Co. (“Glass Lewis”), one of the nation’s leading proxy advisory firms, has recommended that USA Technologies’ shareholders vote FOR all nine director nominees on the WHITE proxy card at USA Technologies’ 2012 Annual Meeting of Shareholders to be held on Thursday, June 28, 2012. In its June 14, 2012 report, Glass Lewis lauded USA Technologies’ progress, particularly in the areas of governance, EBITDA turnaround, and LTM revenue growth. The report further noted 1Q/12 being the first full quarter that Mr. Herbert has served as CEO, the Company recorded a positive quarterly EBITDA of approximately $253,000, an improvement over the negative quarterly EBITDA figures recorded by the Company over the prior four quarters. In response to the Glass Lewis report, USAT was extremely pleased that Glass Lewis supports the election of all of USAT’s highly-qualified and experienced director nominees.

Intuit Launches mRewards Program

Intuit Financial Services “Mobile Purchase Rewards” feature for mobile phones now lets customers save with customized merchant-funded discounts or rewards that are based on their personal buying habits. Customers then simply swipe their bank- or credit union-provided ATM/debit card to redeem and save money. The savings are then automatically deposited back in the customer’s checking account at the end of each month. Users can earn unlimited cash back through “Purchase Rewards” and complete end-to-end security so no personally identifiable information is shared with outside parties. The new Mobile Purchase Rewards capability adds to the robust set of mobile banking tools Intuit offers to banks and credit unions.

Paychex Demonstrates mApps Are Revolutionizing Small Businesses

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Paychex, a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses, released an infographic on the use of mobile technology by small businesses. The infographic focuses on how this technology helps small business owners by allowing them to save time and boost productivity. “Small business…

Paysafecard Expands Internationally

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Europe’s leading prepaid payment method, paysafecard, is now available in Turkey. paysafecard group’s main product allows fast and secure payments for online games and other Internet services. Personal data, credit card or bank account details are not required. More than 3,500 online shops accept paysafecard worldwide. “The market launch in Turkey…

GAS PRICES & UNEMPLOYMENT FUEL CONSUMER ECONOMIC SENTIMENTS

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Confidence in the economy on the Discover U.S. Spending Monitor of nearly 8,200 consumers in May was pretty flat, demonstrating a 1.2 slip to 95.5 in May from 96.7 in April. Buoyed by falling gas prices, those who said the U.S. economy was improving held steady at 33%, but only 37%…

T24 Black VISA Card Best Intl Prepaid Card

The T24 Black VISA Prepaid Card provided by Transact24 Limited, has won the Best International Prepaid Card category at the 2012 Prepaid365 Awards. It denominated in USD for its clients with Travel/Medical insurance and Priority Pass as an added benefit, and the cardholder is well-accommodated with high load limits. The T24 Black card automatically provides Travel/Medical insurance cover of up to US$ 1,000,000 when flight tickets are purchased with the card. The T24 Black VISA Prepaid Card can be used anywhere in the world where the VISA Acceptance Mark is displayed.

Fujitsu and Tidel Integrate PalmSecure

Fujitsu Frontech North America Inc. (FFNA), a leader in innovative technology and front-end solutions, and Tidel Engineering, L.P. a global leader in intelligent cash management solutions, today announced the full integration of Fujitsu’s PalmSecure biometric authentication solution into Tidel’s Revolution® series of “Closed Loop System” cash automation products. The Fujitsu PalmSecure sensor uses a near-infrared light to capture a user’s palm vein pattern, generating a unique biometric template that is matched against the palm vein patterns of pre-registered users. Unlike other readers, a PalmSecure device does not come into contact with the skin, making it extremely hygienic, non-intrusive and unrestricted by external factors such as skin types and conditions.

Bank of America Launches iPad App

Bank of America Merrill Lynch has introduced its “Paymode-X” iPad application for its clients utilizing the all-digital online payment and invoicing system. This offers real-time access to critical corporate payments information and allows users to stay connected and informed, make decisions, and take the actions needed to ensure that their payment and settlement cycles continue to flow smoothly. The iPad release is the most recent innovation for Paymode-X, and is the first phase of a comprehensive set of mobile capabilities that BofA Merrill, in collaboration with Bottomline Technologies, plans to bring to market. The “Paymode-X” solution combines electronic purchase order submission, invoicing and payment settlement on a single platform.