FIS and mFoundry Strengthen Partnership

mFoundry mobile banking and payments solutions strengthened its strategic relationship with FIS. FIS increased its ownership holdings in mFoundry, having partnered on mobile banking solutions over the past several years. The enhanced relationship will continue to combine FIS’ strong position in financial services technology with mFoundry’s award-winning mobile banking products. Javelin Strategy & Research announced that FIS received top scores in its Mobile Banking Vendor Scorecard and rated mFoundry as the winner of the “Path to Mobility” award.

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Tabbedout Names New CEO

Paul Fiore has been named CEO with Tabbedout m-payment solution, which lets customers open, view and pay their bar or restaurant tab with their phone. Bringing to the role more than twenty years’ executive leadership experience in the technology and financial services industries to Tabbedout, Fiore was most recently GM, bank products with Green Dot. He was also VP, strategy for XP Systems and CFO for AT&T Employees Federal Credit Union. He was also co-founder and CEO of banking software provider Digital Insight, which was purchased by Intuit for $1.35 billion in 2007. Fiore’s primary goals for Tabbedout include expanding the merchant footprint and driving revenue growth in existing and new markets.

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InfoTouch Appoints Director of Channel Development

InfoTouch Corporation added Jeffrey Ballard as Director of Channel Development, bringing with him over 16 years of hands on retail management specializing in POS installations, customer service and quality control. Most recently as Retail Systems Sales Manager at CRS Texas Jeff worked on a daily basis to sell, promote, and install InfoTouch POS systems throughout the state of Texas. In his new capacity, he will help InfoTouch cultivate and enhance both training and sales techniques for resellers, responsible for providing an enhanced level of POS training and sales awareness that will be reseller centric.

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ZingCheckout Launches Automatic Social Listing

ZingCheckout launched its “Social Listing Pages” on its software platform, creating social media enabled web pages for users of its software. These pages are designed to consolidate all of a merchant’s online social links- such as Yelp and Patch- into a single location that will help the merchant rank higher on search engines like Google. ZingCheckout.com web based POS offers merchants a quick and simple solution for their POS needs and offers a digital receipt feature that includes social media links to sites such as FaceBook and Twitter. The “Social Listing Pages” solution automatically builds social media site for merchants, with every receipt providing an effective social media marketing tool.

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Data Support Systems Deploys Fraud Solution

Data Support Systems (DSS) a leading solution provider in Back Office Payment Automation announced a Top 15 US banking company has licensed its “TRIPS Fraud.” This provides early and most targeted identification of check and deposit fraud in the market, allowing DSS to dynamically offer image-based fraud detection and enhanced transaction analytics. TRIPS Fraud utilizes Sereno fraud detection technology from Orbograph, which uses intelligent merge logic called Multi-Source Correlation Modeling to combine image and transaction analysis to attain higher levels of detection accuracy and lower false suspect rates.

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American Express Extends to e-Payment Market

American Express established a new partnership with Lianlian Group payment service company, authorizing technology and investing. With this, AmEx will license its digital wallet “Serve” commerce technology to the Zhejiang-based Lianlian Group. The Chinese company will be allowed to apply the technology in its payment services, but will not necessarily use the Serve brand. AmEx plans to expand its Chinese presence and open a new office. This after having made an equity investment of US$125 million in its new partner. This ultimately will help AmEx improve its operating leverage in China and reach out to its merchants more efficiently, compared to other foreign payment service companies.

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Allpoint Network Expands With Partnership

Allpoint Network, a Cardtronic affiliate, and operator of the largest surcharge-free ATM network, announced Trustco Bank has joined Allpoint Network. Providing equally beneficial surcharge-free ATM access to its customers in the Northeast and Florida, Trustco Bank offers 137 branch offices in New York, Massachusetts, New Jersey, Vermont and Florida. By joining Allpoint Network, Trustco expanded its surcharge-free ATM access footprint in Florida, while also saturating ATM access across its core markets. By the numbers, Trustco now offers its customers 5,600 free ATMs in its Northeast states, plus another 4,000 in Florida. In its entirety, Allpoint Network offers Trustco customers 43,000 surcharge-free ATMs in the United States and beyond.

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Real-time Retailing Now Vital to Customers

With 2011 came retailers’ shift to focusing on new POS technology away from the traditional platform to mobile POS, centralized POS platforms and customer smartphones as a checkout device. As retailers indicated their organization has become more forward thinking with regard to information technology, over 25% labeled their organization as an early adopter as retailers look to new technology to serve the customer. These findings, according to Boston Retail Partners, also show retailers are continuing to expand into mobile retailing with more than 33% operating a mobile channel compared to 12% last year. Nearly half the retailers currently offer customers the ability to use social networking through their mobile phone to share their shopping experience with friends.

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J.P. Morgan Completes eBank Management Utility Pilot

J.P. Morgan Treasury Services, a full-service provider of cash management, trade finance and treasury solutions, announced the completion of its Electronic Bank Management (eBAM) central utility pilot (E-CU). One of only four banks to participate, J.P. Morgan successfully implemented the program with three major clients – MetLife, Fujitsu, and SWIFT Treasury.

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Card Payment Direct Commences $500 Rate Guarantee

Card Payment Direct is continuing its $500 Rate Guarantee Program through 2012 and into the future. This exciting and industry changing $500 Rate Guarantee Program simply promises a prospective merchant that if Card Payment Direct cannot lower their current rates, a check for $500 will be issued to them for simply allowing CPD to do a comparative statement analysis. This program truly creates a “win-win” situation for any merchant that takes part in it, either the prospective customer will be able to realize specific rate and fee categories where they are overpaying with their current processor or they will earn $500 and the peace of mind knowing that they have the lowest possible rates and fees.

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New Hampshire Legislation Weighs Capping Card Fees

The New Hampshire legislature is debating a bill that would limit credit and debit card fees to 1% for state-charted banks. Local merchants are charged fees of 0.65% to 4.76%, of which they are not informed until receiving their credit card statements. Federal law already limits interchange fees to 21 cents plus four basis points, but only for banks with $10 billion in assets. In New Hampshire this includes Bank of America, TD Bank, Citizens Bank and Sovereign Bank. This bill would ensure a federal cap for large national banks, a state cap for small state-chartered banks, and no cap at all for smaller federally chartered banks.

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Xignite Appoints New CFO

Stephen Van Horne has been appointed CFO with Xignite financial market data cloud provider. Van Horne is an experienced Silicon Valley veteran with more than 18 years of building and scaling finance, legal, HR, and operations organizations to support high growth companies. He is an expert at building and strengthening capital structures, establishing internal controls and policies, and many other aspects of the role. This after he was CFO of RockYou and worked for Yahoo! in corporate finance and as vice president of operations finance.

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