Intros Valentine’s Discounts

Valentine’s Day gifts through Couponcodes4u coupon website has launched its Valentine’s Day coupon category and complemented it with Cupid and love dedicated weekly newsletters and blog posts. Participating stores include Macys, Sears, Kmart, Bloomingdales, Walmart and Target. Couponcodes4u have over 500 stores that provide sweet treats and flower bouquets. The Couponcodes4u initiative is to help lower the price paid on Valentine’s Day shopping through coupons and deals.

Nautilus Hyosung Deploys Jaguar Deposit Automation

Nautilus Hyosung has made available Jaguar Software’s image enabled ATM Gateway as a certified software option to customers who choose deposit automation enabled ATM technology. Nautilus Hyosung software engineering teams recently completed testing and certification of the Jaguar Software products, which offer complete check-imaging solutions including image POD systems specifically for the independent community bank. Jaguar Software’s proprietary software, MirrorImage check imaging system, currently interfaces with a variety of item processing transports including Canon, Unisys, Panini, Digital Check, and Seac Banche and is in use at more than 100 banks/ATM installations across the United States.

MasterCard Supports Secondary Education Scholarship

The MasterCard Foundation and Equity Group Foundation announced a $50 million partnership that will provide secondary education scholarships and leadership development to 5,600 students in Kenya. The scholarships through the “Wings to Fly” program will cover tuition, books, uniforms and stipends for students who are academically gifted yet economically disadvantaged, enabling them to complete their secondary education. As a result of Kenya’s Free Primary Education Policy, primary school enrolment in Kenya dramatically increased from 5.8 million in 2003 to 8.6 million in 2008. Recognizing the critical importance of secondary education, the launch of the program comes at a time when the first class of students who began primary school in 2003 is now entering secondary school. In addition to comprehensive secondary education support, the young scholars will also receive leadership training, career guidance and mentoring.

ABN AMRO Clearing joins LCH.Clearnet

ABN AMRO Clearing has successfully commenced clearing its interbank interest rate swap (IRS) trades through SwapClear, LCH., Clearnet Ltd’s (LCH.Clearnet) market leading over-the-counter (OTC) IRS clearing service, thereby significantly reducing counterparty, credit and operational risk. The total number of SwapClear clearing members now stands at 37. ABN AMRO Clearing is a leading global securities services provider, covering 85 of the world’s leading exchanges across Europe, the Americas and Asia-Pacific. It has 12 offices across the globe and consistently ranks among the top 3 clearers in every time zone, based on the amount of turnover and market share.

PaymentOne Announces mPayment Solution

PaymentOne phone-enabled payments has made available its “AnyPhone” for dating and is the Payment Industry Sponsor for “iDate 2011” business dating trade show. The “AnyPhone” carrier-based payment solution provides the online dating industry payment with an effective way to increase the paying customer base for subscriptions and one-time payments. In doing, so it allows users to charge to their mobile, landline or broadband bills. PaymentOne Corporation is the global leader in phone-enabled payments for landline and mobile carrier billing, and one of the world’s fastest growing and profitable Payment Services Providers.

Citigroup Appoints News President & COO

Citigroup is changing its management structure, appointing John Havens President and Chief Operating Officer and will oversee Francesco Vanni d’Archirafi, CEO of Global Transaction Services. Most recently CEO of Citi’s Institutional Clients Group, Havens will be responsible for Citi’s day-to-day operations. He will also oversee James A. Forese, currently the Co-Head of Global Markets, who will become the CEO of Securities and Banking, while Ned Kelly, currently a Citi Vice Chairman, will assume a new role as Chairman of the Institutional Clients Group.

Allpoint Network Expands South of the Border

Allpoint Network surcharge-free ATM network has added more than 2,500 Cardtronics Mexico ATMs, placing it in the top ten largest ATM operators in Mexico. The ATMs offer both Spanish and English language options and will carry the Allpoint logo. Serving the more than 4 million U.S. tourists whom travel to Mexico annually, the expansion is focused on providing convenient, surcharge-free ATM access.

77% of Merchants Expect 2011 eCommerce Revenue to Climb

UK merchants predict positive eCommerce growth in 2011 with only 2% expecting a decline. On average, 1.9% of 2010 orders accepted later resulted in fraud (compared to 1.6% in 2009), although this figure does vary by market sector. Furthermore, 59% of respondents expect fraud management budgets to remain stagnant in 2011, with 10% expecting to have less available. Meanwhile, merchants continue to expand with nearly 60% of UK merchants now accepting online orders from abroad. This, according to the seventh annual “UK Online Fraud Report” survey by Visa’s “CyberSource,” also indicates 59% of merchants say a delivery address is a good indicator of suspicion while 58% are more concerned about the IP address.

MoneyGram Shows Americans Outpouring in Recession

Nearly half of U.S. residents said they donated cash to international disaster relief efforts over the past two years, with 43% having donated cash to fund international disaster relief efforts. Of these, 87% gave to relief efforts related to the earthquake in Haiti while 22% donated to the Chilean earthquake/tsunami that struck in February 2010. This, according to a national poll commissioned by MoneyGram International, also shows 72% will donate about the same or more to international relief efforts in 2011; 48% referenced for donating to international disaster relief efforts was “impact on children”; 27% of men and women between 18 to 34 indicated they will give more to international relief efforts in 2011, which is 10% higher than any other age group. Haiti was the leading relief effort for respondents ages 18 to 34 at 95%, and ages 45 and older at 80%.

Citibank and Chase Drop FX Fees

Capital One has been the only major brand card that does not charge a foreign exchange fee, the 2% that AmEx and the 3% Visa and MasterCard charges. In response, CitiBank is introducing cards without foreign exchange fees with its “ThankYou” credit card line. Also, Chase co-branded cards with British Airways, Hyatt, and Intercontinental Hotels…

Government Rallies Behind Prepaid Card Market

The Indian prepaid credit market, estimated to have crossed US$ 4 Billion at the end of 2009, is expected to only see more growth thanks to favorable government regulations. With 20% of the 1.2 Billion Indians currently implementing payment cards in one form or another, most are keen to the benefits of a prepaid card. This, according to RNCOS’ “Indian Payment Card Market Forecast to 2012”, also shows the Indian prepaid card industry has been experiencing sizeable growth thanks to the government regulations which have allowed RBI to bring close and semi-closed loop cards under the Payment and Settlement Act.


A new online Federal Reserve publication, “What You Need To Know: New Rules about Credit Decisions and Notices,” helps consumers better understand new notices they may receive from lenders when credit reports or credit scores affect a decision to grant credit. It describes the types of notices consumer may receive and provides links to sample notices. It includes information about what consumers should do if they receive a notice, including instructions on how to dispute credit report errors. The new rules took effect January 1, 2011 and require a creditor to provide a consumer with a notice when, based on the consumer’s credit report, the creditor provides credit to the consumer on terms that are less favorable than those provided to other consumers.