PT Bank Rakyat Indonesia (BRI) has inked a new partnership for card payment business with JCB. This new deal partnership starts from the acceptance of JCB cards at BRI’s acceptance locations, as well as payment card issuing with JCB brand.
Jakarta-based Bank Mandiri, one of the largest state banks in Indonesia, and JCB have inked a deal for the acceptance of JCB cards at Mandiri’s ATMs and EDC. A payment card issuing deal is also on the table between the two giants.
McDonald’s will soon deploy the PAX D180 MPOS device in India to speed up the ordering process and smooth business operations. The D180 is one of the world’s most compact secure payment devices, complying internationally with EMV, PCI and SRED mandates, as well as being locally certified with Ratnakar Bank in India.
Blaze Mobile mpayment and NFC solutions has been awarded an allowance for a new patent for mobile banking and payment transactions. This new patent covers any mobile banking transactions that comprise bill payment, peer-to-peer (P2P) funds transfer, funds transfer between bank accounts, between credit cards, and between bank accounts and credit cards. In all cases, the patent covers the funding of the banking transactions using Near Field Communications (NFC) technology. Users can choose to pay a bill, or to send or receive a money transfer, and complete the entire process conveniently in a store, home or office.
TGate Payments announced its “PathwayLINK” universal payments platform will support the new business alliance between Casio America and PAX Technology. This pairs Casio’s “QT-6100” and “QT-6600” flash ROM touch terminals and the mid-range electronic cash register machines, “TE-2200” and “TE-2400,” with the PAX Secure “SP30” PIN Pad. PAX’s SP30 PIN Pad offers a magnetic card reader, an IP port for high-speed processing and a dial backup port to eliminate any internet connection problems. The SP30 PIN also features a large 128×64 pixel LCD with four lines of display and three function keys to facilitate user-friendly payment options.
Jeffery Keith has been appointed executive VP with Cardtronics’ Global Operations Group to ensure U.S.-located ATMs dispense cash 24-hours per day. Keith also oversees general management of ATM performance monitoring; cash management; technical support; field service; customer call center; inventory; purchasing; and global vendor relations. Having most recently joined EDC in 2007-which Cardtronics recently took over- Keith served as its executive VP, Business Development. Before this, he served as president of BVIG Financial since 2002, until EDC ATM acquired the company in 2007.
TSYS announced the redesign and new online format for n>genuity journal (www.ngenuityjournal.com), the thought leadership journal of the global payments industry published by TSYS for executive level and other payments industry professionals. The site provides new user-friendly features, a crisp, modern design and intuitive navigation and sorting features. In addition to becoming a more sustainable publication, the paperless format will result in more frequent publishing of payments news, commentary and all-new research from leading experts in the industry.
Cardtronics USA has completed the acquisition of EDC ATM Subsidiary and Efmark Deployment I for a cash purchase price of $145 million. Subsequently, Cardtronics will now add approximately 3,700 ATMs in high-traffic U.S. retail locations and ATM branding contracts and now has ATM branding relationships with eight of the 15 largest U.S. banks. The Company also plans to update its financial guidance for 2011 to include the expected contribution of the EDC business when it issues its second quarter 2011 financial results, for which the information is provided below. Cardtronics operates over 37,200 ATMs in the United States, the United Kingdom, Mexico, and the Caribbean.
Financial Technology Partners LP and FTP Securities has been designated the sole strategic and financial advisor to EDC and its Board of Directors on its sale to Cardtronics USA for $145 million. EDC turnkey ATM deployment services operates approximately 3,700 ATMs and multi-function kiosks in the United States focused on multi-state retail operators and high-transacting merchant locations such as convenience stores. This adds to the number of Cardtronics’ ATM terminals and will significantly increase its market footprint, particularly in the Midwest and Great Lakes regions.
Cardtronics forged definitive agreements to acquire EDC ATM Subsidiary, LLC and Efmark Deployment I for $145 million, plus or minus an adjustment for working capital as of the closing date. Cardtronics will acquire all ownership interests in EDC’s ATM business, including approximately 3,700 ATMs, as well as numerous ATM placement agreements with high-traffic U.S. retailers and ATM branding contracts with some of America’s largest financial institutions. EDC operates nationwide with an ATM placement portfolio focused on multi-state retail operators and high transacting merchant locations, such as convenience stores. After closing, Cardtronics will own and operate 23,500 US ATMs, 14,700 branded ATMs in the US and own, manage and operate over 41,000 machines worldwide.
Aldelo Systems hospitality POS and management software has made available upgrades for the Aldelo “EDC PPI Edition.” Available with Aldelo “EDC 6.2.2,” the upgrades include functionality with “PPI PayMove.” Features of the upgrade include free dial back-up with no need for the merchant to purchase hardware or get dial ISP service; free gift card program with no processing fees; support for pin debit transactions; support for encrypted swipe, ensuring that card holder data is secured at the reader; and the optional “PayPros PCI Compliance Program for Businesses” featuring the PayPros PCI Breach Reimbursement Guarantee. Aldelo Systems develops software solutions for the hospitality industry and is a leading provider of POS and management systems for independent and chain establishments in 15 countries and manages a worldwide distribution network of more than 400 dealers. Payment Processing, Inc. has been partnering with software developers and their customers since 1995.
CA-based fabless semiconductor provider ClariPhy has started shipping
the “CL1012” clock and data recovery
(CDR) IC with maximum likelihood sequence estimation (MLSE) into line
cards with Tunable XFP and XFP+ modules for 10 Gb/s optical networking.
While the CL1012 IC supports both XFP and XFP+ tunable modules, the
proven benefits of MLSE are fully realized with the + version of the
module. These benefits include improved tolerance to major impairments
in telecom networks â chromatic dispersion (CD), first and second order
polarization mode dispersion (PMD), and nonlinear distortion. The CL1012
has Â½ the power and Â¼ the area of competing MLSE solutions, and achieves
higher performance by design than alternative EDC architectures such as
decision feedback equalization. Carriers deploying the CL1012 and
tunable XFP+ modules in their transport platforms will realize both opex
and capex savings by reducing or eliminating expensive and bulky optical
dispersion compensation equipment, avoiding the need for fiber
characterization, and enabling the use of a greater percentage of their