DirectCash Payments Announces Regular Cash Dividend

DirectCash Payments announced a cash dividend of $0.115 per share for the month of February, 2012 for payment March 30 to shareholders of record on February 29, 2012. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). The Company is the largest branded ATM provider in Canada, operating under the trade name DirectCash ATM, and is one of the leading providers of branded non-financial institution debit terminals and prepaid card products.

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MTrust Implements Encap Authentication

Encap announced mTrust electronic service platform vendor selected its software-based, two-factor authentication and digital signing solution, for which its technology will be integrated into mTrust’s BSP (Basic Services Platform). This offers a range of payment, identity and authentication services to financial institutions and other service providers. mTrust is the first partner to integrate Encap’s full suite of authentication and digital signing solutions. This lets banks off “In-App” authentication, a bank-branded to provide a seamless consumer experience; increased adoption of high value m-services; non-repudiation for higher value transactions by using binding digital signatures; and no need for complicated provisioning programs.

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Datacard to Showcase Instant Issuance Card Solutions

Datacard Group secure ID and card personalization solutions is set to introduce its financial instant issuance solutions, including its “CardWizard” issuance software, at the Retail Business Technology Expo and Cards & Payments Solutions. Datacard Group’s financial instant issuance software and associated hardware will be on display, inviting attendees to observe its products which allow card issuers to provide in-branch issuance of permanent, fully functional and personalized financial cards in a matter of minutes. This integrated platform includes scalable and flexible hardware, software, supplies and global support – combining central issuance or instant issuance and mobile issuance into an integrated solution.

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Visa 4Q/11 Net Transactions Up 8% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa fiscal 1Q/12 (4Q/11) posted a net income of $1.0 billion, for an increase of 21% over the year ago period while net operating revenue was $2.5 billion, 14% over the year ago period thanks to growth in service revenues, data processing revenues and international transaction revenues. Payments volume growth was…

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ACI S1 Acquisition Reaches the Final Stage

ACI Worldwide payment systems has accepted for payment all shares of S1 Corporation common stock tendered in the previously announced exchange offer. The acquisition extends ACI as full-service global leader for payment systems; delivers enhanced scale and support for financial organizations, processors and retailers around the world; while combined expertise strengthens ACI’s leadership in the payments industry. ACI intends to acquire the remaining S1 shares pursuant to a merger as provided in the October 3, 2011 transaction agreement between ACI and S1. Also hrough the transaction, ACI has acquired the three product sets known as “S1 Payments Processing and Card Management,” “S1 Online Banking” and “S1 Branch Banking.”

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INDYCAR, Discover, First Bankcard and Segmint Partner Rewards

INDYCAR entered multi-year agreements with Discover Network and First Bankcard of the First National Bank of Omaha to offer a credit card program designed to provide rewards to fans, and with Segmint to deliver the digital analytics for the INDYCAR Discover credit card program. INDYCAR Discover credit card cardmembers can redeem accumulated reward points for exclusive experiences, including VIP access to Victory Lane at the Indianapolis 500 and breakfast with legends of the sport. Cardmembers can choose from a vintage look highlighting the start of the 1960 Indianapolis 500 or a modern look featuring the sleek 2012 IZOD IndyCar Series car.

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NetSpend activates PayPal pre-paid MasterCard

NetSpend Holdings general-purpose reloadable (GPR) prepaid debit cards and related financial services launched the PayPal Prepaid MasterCard. Linked to a PayPal account, the card gives users full access to its online functionality and features. Issued by The Bancorp Bank, offline the card can be used to withdraw cash from ATMs while money can be loaded onto the card through direct deposit or at more than 100,000 reload locations throughout the U.S. The PayPal prepaid card is competitively priced and offers many features including online Payback Rewards, an optional savings account, real-time account alerts via text message* and online budgeting tools.

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Symitar In-House Processing Outsources

Jack Henry & Associates payment processing services for the financial services industry, along with its Symitar division announced 16 existing in-house credit union clients have elected to move to its outsourced offering during the past 18 months. Symitar’s “Episys” core processing system installed in-house with credit unions are moving to Symitar “EASE,” the outsourced version of the industry-leading core system, at an accelerating rate. Only one credit union migrated to EASE in 2008 and seven have migrated during the past six months alone. More than 100 credit unions have now elected to outsource their transaction and information processing to Symitar.

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Kony Upgrades mBanking Offering

Kony Solutions mobile banking launched its Version 2.0 of “Kony Mobile Banking” turn-key mobile solution built on its “KonyOne 4.0” platform. The “Kony Mobile Banking 2.0” offers immediate access to state-of-the-art mobile banking features, such as payment approvals, mobile check deposits, and full account management capabilities. Only Kony Mobile Banking provides companies with the flexibility to integrate business-specific intellectual property into their applications. Kony Mobile Banking has remote deposit capture and payment approvals; offers a web based administration interface allowing for quick look-and-feel modification to enable and disable features; and it integrates easily into any back-end system.

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ADT Launches Anti-Skimming Kit

ADT Business Solutions released its next generation of ADT Anti-Skim ATM Security solutions to help protect from ATM skimming. Its anti-skimming technology offers multilayered security to help protect ATM customers from this crime, installing inside the ATM an enhanced ADT Anti-Skim ATM Security kit. This features technology that works on all major ATM makes and models, which is triggered upon detection into the alarm mode, generating sound and visual warnings on the control unit. In alarm mode, the kit also emits an omnidirectional magnetic pulse that disrupts the normal operation of the skimming device, rendering its operation useless. Ultimately, the ADT kit provides a full range of ATM card trapping, tamper and false-front protection.

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Regulatory Scheme for Remittance Transfers Put in Place

The Consumer Financial Protection Bureau (“Bureau”) published, in the Federal Register, a final rule setting forth an entirely new regulatory scheme for companies that provide remittance transfers, including banks. Remittance transfers are electronic transfers of money from U.S. consumers to recipients in foreign countries. Among other things, the Bureau’s final rule requires that specific disclosures be given to each “sender” of a remittance transfer showing how much money will be received by the recipient of the transfer in local currency; letting senders dispute errors for up to 180 days following a remittance transfer; and allows senders to cancel remittance transfer transactions within 30 minutes.

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