LEI Up for Third Consecutive Month

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.4% in December to 94.3 (2004 = 100), following a 0.2% increase in November and a 0.6% increase in October. With this, The Conference Board Coincident Economic Index (CEI) for the U.S. increased 0.3% to 103.4 (2004 = 100), following…

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CARDTRONICS Appoints Sales Leader

Cardtronics retail ATMs has appointed Todd Clark senior executive VP, Sales and Relationship Management Group. He joins Cardtronics with more than 20 years’ success in sales and client relations leadership roles, having driven revenue growth in both entrepreneurial and global corporate environments. Most recently senior VP/GM of strategic accounts at First Data, Clark led financial institution-facing sales teams at Concord EFS, Inc, which he joined in 2002 when Concord acquired Core Data Resources Inc., which Clark co-founded in 1991. Under Clark’s leadership, Core Data Resources grew to become the second largest ATM processor in the U.S., counting Cardtronics among its earliest clients.

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FIS mWallet Powers mPayments

FIS banking and payments technology introduced its mobile payments solution that allows consumers to use most smartphones to make purchases at the POS and for online shopping. The mobile payments solution can be built into retailers’ and financial institutions’ existing mobile applications, preserving brand equity and strengthening customer loyalty. The FIS Mobile Wallet provides consumers with another option to electronically pay for goods and services and is uniquely secure, given no payment credentials are provided to the POS device or stored on the smartphone. It supports popular smartphones and existing POS hardware while still being forward-compatible with new technology as it becomes available.

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G2 Web Services Appoints New VP

Jen Mack has joined G2 merchant compliance monitoring and e-commerce risk management as VP, Business Development. With this, she will oversee adoption of G2’s merchant risk management services, as well as developing and maintaining strategic partnerships in the payments industry. Bringing more than 14 years of data security and PCI DSS expertise to G2 Web Services, Mack was most recently the Director of the Global PCI Consulting Service at Verizon Business, where she developed the global PCI Leadership team and liaised with key stakeholders in the payments industry.

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Misys Licenses IBM Software

Misys application software and services company has selected IBM software to help power its “BankFusion” platform and help banks develop new processes or adapt existing processes more rapidly to cater more closely to the demands of customers. BankFusion clients can benefit from faster implementation of core banking projects and more flexibility in their operations. With this, Misys is incorporating IBM business analytics, information management and application server software, including Business Process Server, into its BankFusion platform.

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First Data and SunTrust Extend Merchant Processing

First Data Corporation electronic commerce and payment processing and SunTrust Banks renewed their merchant services partnership, SunTrust Merchant Services. The joint venture currently serves more than 67,000 merchant locations and processes more than $29 billion in card volume every year. First Data will continue managing day-to-day operations, risk management and merchant sales activities, while SunTrust will continue to build upon the growth of the business through its client-facing channels, including its retail branch network of more than 1,650 locations throughout the Southeast and Mid-Atlantic regions and wholesale-relationship sales force. First Data also provides SunTrust signature debit, credit, prepaid and commercial card processing, fraud prevention and detection, and card production services.

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Xsolla and ZipZap Allows Gamers to Pay Virtual Currency

Xsolla partnered ZipZap alternative payments company, allowing cash transactions for online purchases. With this, ZipZap’s “CashPay” payment option allows Xsolla customers without bank accounts or credit cards to pay for virtual currency in their favorite games using their extensive cash payment network. At least 50% of the gamer population do not have access to traditional financial services, but still want to pay for virtual currency in their favorite games. ZipZap’s “CashPay” is currently available as a payment option in Heroes of Newerth (S2 Games), Social Networks Vkontakte and Odnoklassniki, and other games.

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RushCard to Reduce and Simplify Fees, Enhance Benefits

RushCard announced plans to streamline its fee structure for the Prepaid Visa RushCard and introduce its “RushUnlimited” Plan. Many customers who choose the new plan can make unlimited signature and PIN transactions for a new lower monthly fee. The “RushUnlimited” Plan will offer increased payment flexibility and a simplified fee structure for Cardholders choosing from within the RushCard suite of solutions. For Cardholders across all RushCard plans, the fees for bill pay enrollment, individual bill pay transactions, plan changes and replacement cards* will be eliminated while fund transfers to other RushCards owned by the same Cardholder are to remain free.

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Real-time POS Retailing Comes Into Focus

New POS technology focuses on thin client solutions, mobile POS, centralized POS platforms and customer smartphones as a checkout device rather than the traditional POS platform. More than 25% of merchants labeled their organization as an early adopter as retailers look to new technology to serve the customer. Retailers are continuing to expand into mobile retailing with more than 33% operating a mobile channel compared to 12% last year. Omni-channel retailing continues to expand as retailers implement the technology needed to offer their customers a singular brand experience across all channels.

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VPcard Launches Virtual Network

VPcard deployed its www.VPcard.com free network for facilitating business-to-business (B2B) transactions. The network consists of an interconnected group of customers and their vendors that allows tracking of p-card purchases, improves transaction visibility, increases spend control, and eases monthly credit card statement reconciliation. It allows organizations to avoid the expense and delay of issuing formal PO’s for frequent purchases involving small transaction amounts. The VPcard Network also supports non-PO purchases that are paid by Accounts Payable departments, allowing vendors to avoid transaction fees while their customers gain the efficiency of paperless invoices and automated payment.

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Tuition Express Awarded PCI DSS

Procare Software’s Tuition Express payment processing service has achieved the Payment Card Industry’s Data Security Standard Level 1 for the fifth year in a row as a Level 1 Service Provider. Earning the Certificate for 2012, the audit was conducted by Coalfire. Tuition Express has processed over 12 million credit card and ACH transactions, totaling nearly $4 Billion in payments for its customers. Fully integrated with Procare Software – the nation’s number one selling child care management system – Tuition Express automatically posts payments to customers’ ledger cards and sends customers automated emailed receipts.

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Bank of Georgia implements Jack Henry Social Media Compliance

Jack Henry & Associates’ “ProfitStars” division announced that The Bank of Georgia has implemented its Gladiator Social Media Compliance (SMC) Services. This will assist in proactively managing the risks associated with social media platforms, offering outside counsel on how to develop and launch an effective social media strategy that would comply with all regulatory mandates. The Bank of Georgia uses Gladiator’s security expertise to organize its informational security policies, so it was confident in relying on Gladiator to provide similar guidance on social media compliance.

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