Compass Plus Expands Latin America/Caribbean Office

Compass Plus electronic funds transfer (EFT) and payments technology to financial institutions expanded its Miami office by hiring Carlos Seer as a senior pre-sales consultant. Seer was brought on to increase region specific service for customers and prospects, in which capacity he will oversee relationships with prospective clients and partners through participation in industry events and software demonstrations and assists with solution design and training of the Compass Plus sales and marketing staff based on the needs of financial institutions in Latin America and the Caribbean. He brings more than 15 years experience in the financial services industry to his position.

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Archway Acquires Synq Solutions

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Archway, a leader in marketing logistics and fulfillment services, announced that it has acquired Synq Solutions, Inc. Synq is a privately held provider of marketing fulfillment and print management services with operating facilities in the Atlanta and Las Vegas metropolitan areas. Terms of the transaction were not disclosed. “Acquiring Synq is…

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Pierpoint commences interest rate swaps through SwapClear

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] LCH.Clearnet Limited, Pierpont Derivatives LLC (Pierpont Derivatives) and Nomura Securities International, Inc. (Nomura) today announced that Pierpont Derivatives is now actively clearing over-the-counter (OTC) interest rate swaps through LCH.Clearnet’s SwapClear service. Initial trades were executed and cleared by Nomura and affirmed by MarkitSERV, allowing Pierpont Derivatives to leverage MarkitSERV’s straight-through-processing affirmation…

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Visa & Monitise Oversee mPayments Service

Movida m-payments joint with Visa and Monitise inked an agreement with HDFC Bank to introduce its mobile payment service, letting users pay bills, top up prepaid airtime and buy tickets from their mobile phone. Implementing menu-based USSD mobile technology (protocol to communicate mobile phones with service provider computers), cardholders can access the service over Movida’s secure connection. Its secure and encompasses various security measures to maintain account integrity, including a unique PIN number set up on the phone to access the account information. Only the user’s bank-registered phone can be connected to the service.

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G&D Provides mPayment Pilot NFC-Capable SIM Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Leading technology group Giesecke & Devrient (G&D) is supplying NFC-capable SIM cards to Nòverca, an MVNO, for Italy’s very first pilot project for mobile payments launched by Banca Intesa Sanpaolo. Six hundred employees and customers of Banca Intesa Sanpaolo can now use their mobile phones to make contactless payments in the…

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NFC Brings Immediate ROI to Organizations

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] NFC implementation expert Think&Go NFC announces that first results for T&G NFC-Audit&Control implementation and reports that NFC can bring fast ROI for organizations of all sizes and in all market segments. Deployed in Retail, Manufacturing, and Healthcare/Wellness, companies who have implemented T&G NFC-Audit&Control have reached ROI within 5 to 12 months.…

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TouchStar Launches $400K mPayment Solution

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TouchStar Solutions, LLC, has announced that one of its international customers, Amalgamated Pest Control of Australia (APC), has signed a 3-year contract with Mint Wireless Limited, valued at $400,000. Amalgamated Pest Control, Australia’s largest privately-owned pest control company, will roll-out 300 mobile handheld computer devices during 2012. This software technology will…

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Ericsson unveils new m-commerce portfolio

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Ahead of Mobile World Congress 2012, Ericsson (NASDAQ:ERIC) unveils its new extended suite of m-commerce solutions and services, designed to accelerate access and interconnection between the emerging m-commerce eco-system and the financial world to fast track the next generation of mobile financial services. Ericsson is launching two new services within its…

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Grupo Elektra and Western Union Ink Money Transfer Agreement

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Grupo Elektra, Latin America’s leading financial services company and specialty retailer, and The Western Union Company, a leader in global payments, announced the companies have entered into a new long term money transfer agreement in Mexico with Western Union under a non-exclusive basis. With more than 1,800 points of sale in…

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Ukash Expands Serviced Countries

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Ukash, the international eMoney payment method, is now available throughout Denmark via one of the world’s most recognisable global brands, 7-Eleven. 7-Eleven has been in Denmark since 1993 and many of the 195 locations are often in convenient locations including high streets, railway stations and airports, many are open 24hrs a…

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PRIME/SUPER PRIME CARD FEE INCOME, AS A % OF TOTAL INCOME

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In their series of weekly year-end industry trend reports R.K. Hammer discusses here how fee income continues to climb higher in terms of top line revenue contribution. For decades, interest income on prime/super prime cards had always contributed the largest portion of the card industry’s revenue streams; just the opposite of…

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Euronet Posts 4Q/11 Posts Revenue Up 13% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Euronet Worldwide, a leading electronic payments provider, reports its full year and fourth quarter 2011 financial results. Euronet reports the following consolidated results for the full year 2011: Revenues of $1,161.3 million, a 12% increase from $1,038.2 million for 2010 (7% increase on a constant currency(1) basis). Operating income of $79.1…

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