Optimal Payments & Desjardins Launch Payment Gateway

Optimal Payments online payment processing services and Desjardins Card Services merchant payment solutions and subsidiary of Desjardins Group launched a fully customized version of Optimal’s “Netbanx” gateway services to Desjardins merchants. Desjardins chose Optimal as a partner and NETBANX as their gateway based on their long standing reputation for delivering secure, comprehensive solutions. Optimal remains at the forefront of online payment processing and is continuously developing their platform to support emerging payment options and protect merchants against the continuously evolving forms of online payment fraud.

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Inuit Makes Available Portable Credit Card Reader

Intuit’s “GoPayment” card reader is now available for free at GoPayment.com, targeting small businesses and anyone who sells products or services on the go. The “GoPayment” card reader is a compact, cylinder-shaped device that fits into the audio jack of a mobile phone or tablet. It works with the GoPayment app to help users maximize sales by quickly and accurately swiping a credit or debit card instead of entering data manually. It increases the accuracy of each card swipe and offers end-to-end encryption to protect a customer’s sensitive card data. Intuit redesigned the card reader based on customer feedback asking for a professional, easy-to-use way to process payments wherever they are.

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Euronet reports payment data breach

Euronet Worldwide secure payment services reported a criminal computer security breach to the SEC. The data breach targeted a “small portion” of Euronet’s European business in late 2011 and was the company’s first, impacting its electronic fund transfer division. Third-party forensic investigators confirmed that the breach didn’t affect Euronet’s other business units, including its e-pay division, ATM networks or money-transfer operations. Because 90% of the data on card transactions remained protected, the company is partially crediting a highly secure microchip that appears on most European debit and credit cards.

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Ceridian Expands Loyalty Offering

Ceridian Stored Value Solutions (SVS) offers a full suite of innovative, card-based consumer loyalty solutions which now includes Easy Loyalty and Premier Loyalty. Both offer merchants an effective consumer loyalty program that will propel incremental spending from existing customers, and act as a new customer acquisition tool. SVS Easy Loyalty is a basic points-to-dollars program that is fast to market, incorporates simple POS integration for existing SVS clients, and quickly delivers ROI for merchants. Loyalty members can even track their accumulated points through a branded registration portal and instantly redeem their rewards points at the POS.

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Most Consumers Remain Committed to Their Bank

More than half of consumers say they are committed to their bank and nearly two-thirds feel valued by them. Additionally, 57% attribute helpful staff and personal service to feeling valued and the majority of consumers cite positive customer service experiences as a principal reason for their commitment. Also, more than 40 percent of those polled say their bank demonstrates a commitment to them through no or low minimum balance requirements. These findings, according to TD Bank research, also show 48% say bank products and services are more valuable than telecommunications and less than 50% would actually take the step to close an account associated with the same fees. Other findings indicate bank show commitment with no monthly checking fees according to 65%; 65% say easy online banking; 64% say good customer service; 57% say no statement fees; and 53% say convenient bank locations.

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CO-OP Processes 200mm ePayments In 1-Month Time

CO-OP Financial Services processed more than 200 million electronic payment transactions by credit union members during December 2011, marking the first time the company exceeded the 200 million milestone in a single month. CO-OP Financial Services is the credit union industry’s leading electronic payments processor, providing services on cardholder debit, credit, ATM and shared branch transactions. For the entire year of 2011, the company processed more than 2.2 billion transactions. CO-OP Financial Services first exceeded the 1 billion transaction mark in 2004.

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First City FCU Implements VSoft Image Exchange

VSoft Corporation global information and technology provider will provide First City Credit Union its image exchange and settlement solutions. First City will leverage VSoft’s applications via an outsourced model, meeting the credit union’s functionality needs without having the burden of hardware, maintenance and compliance responsibilities. VSoft’s inclearing solution accepts and processes incoming electronic cash letters from image exchange networks, other financial institutions and the Federal Reserve. The system streamlines the receipt of cash letters, reducing transportation time and costs.

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Capital Access Network Research Shows Improvement for Restaurant Sector

Capital Access Network Data Services Division’s Small Business Credit Sales (SBCS) Report reveals a continuing lift in year-over-year (YoY) card sales in the restaurant sector as Main Street eateries reported an impressive 1.8 percent increase over recorded Q4 2010 card sales. It indicates for the seventeenth straight quarter, small businesses’ Q4 2011 year-over-year (YoY) card sales declined (2.8%), but for the second straight quarter, the rate of decline improved. Also, restaurants continued to gain, producing the fifth consecutive quarter of positive card sales, tallying a 1.8% YoY lift over card sales recorded in Q4 2010. Interestingly, metropolitan areas with a population size less than 100,000 saw card sales increase by 1.0% while MSAs with a population size of 250,000-999,999 reported a decrease in card sales of 4.6%, while card sales in MSAs with a population of 1 million+ decreased 2.7%. Almost all regions reported YoY card sales declines, with the Southwest Region proving to be an exception with a card sales increase of 1.2%. The other seven regions reported card sales declines in a range of 1.3% (Great Lakes Region) to 4.4% (Rocky Mountain Region).

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ACI/S1 merger deadline extended

ACI Worldwide has extended its exchange offer for all of the outstanding shares of common stock of S1 Corporation until 5:00 p.m., Eastern time, on Friday, February 10, 2012, unless further extended. ACI and S1 entered into an agreement with the U.S. Department of Justice (the “DOJ”) in order to permit the DOJ additional time to review the information furnished by ACI and S1 under the U.S. premerger clearance laws (the “HSR Act”). The DOJ has not completed its review of the information provided by the parties and requested an extension of time beyond January 31, 2012. ACI and S1 agreed with the DOJ to extend the term of the agreement for ten days. Accordingly, ACI and S1 will not close the transaction prior to February 10, 2012 without the DOJ’s prior consent.

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Datacard Group to Present at CARTES, North America

Datacard Group secure ID and card personalization solutions will be speaking at CARTES in North America exposition & conference taking place on March 5th – 7th. The first session, “EMV Card Personalization: Stay Ahead of the Innovation Curve”, will be given by VP, vertical marketing for Datacard Group as part of the Worldwide EMV Deployments track and will outline the factors that are important for successful implementation of EMV technology. Then “Building a Successful Card Program While Minimizing Costs” will be presented by regional VP, financial instant issuance for Datacard Group and senior marketing manager.

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American Express Announces Fashion Experiences

American Express announced its line-up of fashion experiences exclusively designed for its style-savvy Cardmembers. Cardmembers can visit americanexpress.com/entertainment to purchase tickets to this season’s coveted Cardmember-Only Show presenting the Tommy Hilfiger Spring 2012 runway show featuring the Hilfigers on Thursday, February 16 at 6:30PM. American Express is proud to join Tommy Hilfiger in presenting a one-of-a-kind Spring 2012 runway show featuring the Hilfigers exclusively for American Express Cardmembers.

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