epay Launches Gift Card Mall at Grupo Pão de Acúcar

epay of Euronet Worldwide distribution network of prepaid products launched the first gift card mall program in Brazil in partnership with Grupo Pão de Acúcar (GPA). epay was chosen through a formal proposal process managed by GPA earlier this year .This offers several local and global epay content partners across a wide range of categories, including online video games, online social media games, e-learning, long distance calling cards and entertainment. The initial gift card portfolio leverages existing partnerships, both local and global, and will expand as more content providers choose epay as their distribution partner for Brazil.

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Discover 4Q/11 Net Income Up Over $200mm Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Discover Financial Services posted a net income of $513 million for the fourth quarter of 2011, up from $350 million the year ago period. This was thanks in part to total loans growing 17% over the same period to $57.3 billion. With this, credit card loans grew 3% from the prior…

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End of 2011 Indicates Rebound in Economic Optimism

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Consumer optimism about the economic future has rebounded seven points since August, with 48% of Americans expecting local business conditions to improve over the next 12 months. However, just 26% of consumers believe the economic downturn has reached its bottom while 69% of Americans believe we have not yet hit bottom.…

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MoneyGram Promotes Touts $5.5mm Global Marketing Campaign

As consumers race to finish their shopping this holiday season, MoneyGram is reminding them it’s quick and easy to send gifts of money to friends and family worldwide with a new $5.5 million integrated global marketing campaign. The “Spreading Holiday Magic” campaign, which runs through the holiday season, encourages consumers in more than 20 countries around the globe to “enjoy the magic of the holidays, send money around the world, and watch the happiness grow.” Campaign elements include television, radio, out-of-home (OOH), online, print, direct mail, as well as a public relations program and consumer promotions.

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Tokenization White Paper Answers Merchant Questions on PCI DSS

Liaison Technologies secure cloud-based integration and data management services and solutions, is offering a free download of a new white paper from Securosis that answers questions on tokenization left unaddressed by the PCI Council’s “Information Supplement: PCI DSS Tokenization Guidelines” released earlier this year. Co-sponsored by Liaison and written by Securosis Analyst & CTO Adrian Lane, the new paper, titled “Tokenization Guidance: How to Reduce PCI Compliance Costs,” explains exactly how to implement tokenization to meet Payment Card Industry Data Security Standards (PCI DSS), reduce scope and lower compliance costs.

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Western Union Reaches Agreement with IRS

Western Union eached an agreement with the U.S. Internal Revenue Service (IRS) resolving all remaining issues related to the restructuring of its international operations in 2003. The agreement covers the Company’s tax treatment for imputed intangibles income, trademark buy-in royalties, and other items. The Company will make cash payments to the IRS and various state tax authorities of approximately $220 million, which are in addition to a $250 million tax deposit made with the IRS in 2010 connected to the potential liability. The Company also will eliminate its related tax contingency reserve and expects to record a one-time tax benefit of approximately $200 million in 2011.

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Wells Fargo to Acquire EverKey Global Partners

Wells Fargo & Company and EverKey Global Partners (EverKey) signed a definitive agreement for Wells Fargo to acquire EverKey. EverKey Global Partners was established in December 2007 and its 11-member team has offices in the Bahamas and New York and manages global equity strategies for institutional clients in Japan and North America. In line with WellsCap’s multi-boutique asset management model, the EverKey team will remain an independent investment team with no change to its structure, investment philosophy, or location; all day-to-day management will reside with the current team.

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PNC Bank Launches ATM finder app

PNC Bank is making available its “PNC Finder” mobile application to locate PNC Bank branches and ATMs, complete with the best route to get there. The app is currently available for free from the iTunes App store, and an Android version will be available in early 2012. Once the app is downloaded and installed, PNC customers simply point their phone in any direction and PNC Finder will do the rest. Features allow users to see location direction and distance in a heads up display using the Smartphone’s camera; get specific PNC Bank branch information, such as hours of operation; and to visit the PNC Finder app page on pnc.com for more information.

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SCL Prepaid Now PCI Level 1 Certified

SCL, the world’s leading independent prepaid and foreign exchange point of sale systems provider, has achieved PCI DSS Level 1 Service Provider certification. Now retailers, banks, shopping malls, bureau de change and travel agencies can access a fully approved PCI compliant system to manage the activation and sale of their prepaid, gift and travel money cards as well as foreign exchange services.

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BPC Banking Technologies Honors Banca Transilvania

BPC Banking Technologies Open System e-payment solutions for the global financial industry announced the winner of its 2011 Transformation Award. BPC conveyed top honors to Banca Transilvania, Romania for an initiative through which the Bank provided a first-of-a-kind customer service by supporting Western Union money transfers through the Bank’s ATM network. BPC’s clients are continually finding new and ever-more innovative ways to leverage BPC technology to yield powerful market advantages for their organizations. The BPC Transformation Awards seek to recognize and honor the creative spirit and remarkable accomplishments of our clients. National Reserve Bank, Russia received its award for an implementation of a complete in house processing system. The project was completed inside five months and has delivered a marked improvement in customer service at a significantly reduced TCO.

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Payfirma Exceeds $1mm Daily Processing

Payfirma mobile payment acceptance is now processing more than $1 million per day across its thousands of merchants accepting credit cards through mobile, ecommerce and in-store payment solutions. The Company first came to market as a technology start-up in 2011 but now is shaping to be an industry leader, revolutionizing payments by leveraging mobile and internet platforms. Payfirma was the first company in Canada to launch a mobile point of sale application and swiper for iPhone & Blackberry in early 2011.

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Banks block cards after hack attack

Several banks have temporarily blocked their clients’ debit and credit cards due to security reasons. The citizens whose cards have been blocked received text messages from their banks, informing them about the situation. It is believed that the banks took the security measures after hackers had breached certain banks’ systems and card skimming equipment was found at gas stations.

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