Euronet Acquires PayNet Romania

Euronet Worldwide electronic payments provider acquired Smart PayNetwork S.A. (PayNet), which provides integrated ATM outsourcing services, card issuing and acquiring and POS merchant servicing solutions to financial institutions. PayNet operates 720 ATMs and 1,700 POS terminals and manages approximately 540,000 cards with which it processes approximately 15 million card transactions annually and is a certified VISA and MasterCard service provider. The PayNet acquisition will generate revenues of approximately $3 million in the initial year of ownership together with accretive cash earnings per share of approximately one cent per share.

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Preem Implements Protegrity Tokenisation for PCI-DSS Compliance

Protegrity USA end-to-end data security solutions announced Preem AB, Sweden’s largest oil company, has adopted its data security platform to deliver PCI-DSS compliance for credit card transactions at more than 470 gas stations across the country. Protegrity’s solutions use modern tokenisation to ensure flexible, scalable security for customer data in transit and at rest without impacting transaction processing speeds. Why Protegrity In evaluating the different technologies available, Preem determined that the simplest way to achieve PCI-DSS compliance would be to adopt the tokenisation approach. Tokenisation protects sensitive data by replacing it with tokens that hold no value to someone who gains unauthorized access to that data.

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USA Technologies Names Lead Independent Director

Steven D. Barnhart has been elected USA Technologies’ Lead Independent Director. With this he will become the Company’s first Lead Independent Director and will also continue to be Chair of the Nominating Committee and a member of the Audit and Compensation Committees. The move to name a Lead Independent Director is consistent with the Company’s efforts to augment corporate governance and shareholder friendliness. Among his key responsibilities as Lead Independent Director, Mr. Barnhart will consult with the Chairman of the Board on the agenda for and schedule of meetings of the Board of Directors, serve as a liaison between the Chairman of the Board and the independent directors, chair executive sessions of the board’s independent directors, and participate with the Chairman of the Board on communications with the Company’s shareholders.

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Americans Most Stressed About Economy and Finances

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] New research from the Principal Financial “Well-Being Index” shows the economy is the greatest source of stress for Americans, followed by their own personal finances, job and health. Half of retirees (52 percent) and two out of five workers (42 percent) reported a high stress level with regard to the economy,…

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Debut 2011 Starbucks mTransactions Top 26m

Starbucks Coffee introduced its customers to a smartphone app with a Starbucks Card stored within the app in the beginning of 2011, generating a fan base which has continued. This as Starbucks expands its mobile payment program to give customers access to the fastest way to pay at more than 9,000 U.S. locations, introduced the Starbucks for Android™ app, rolled out the Starbucks Card eGift feature, started international expansion and developed the Starbucks Cup Magic app to share augmented reality experiences in its stores and beyond. In the first 9 weeks of the program, there were 3 million transactions and in comparison for the 9 week period starting in October, there were 6 million transactions, demonstrating a significant jump in customer adoption and use. Currently the top five US cities for Starbucks mobile app adoption are New York, Seattle, San Francisco, Chicago and San Jose.

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Meriwest FCU Implements VSoft RDC

VSoft Corporation announced Meriwest Credit Union selected its back counter, teller and ATM remote deposit capture (RDC) solutions. This decision was based on VSoft’s suite of RDC solutions via a Software as a Service (SaaS) model, which offers a hosted delivery system providing the credit union with comprehensive item capture functionality without the cost or required maintenance associated with a full, in-house deployment. VSoft’s RDC solutions allow Meriwest to capture, correct and balance deposits quickly and securely from both the teller window and back office.

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Wells Fargo Upgrade ATM Network to Envelope-Free

Wells Fargo & Company announced all deposit-taking ATMs in its network of more than 12,000 machines across the country are now entirely Envelope-Free. Customers no longer need to write on an envelope or key-in a deposit amount. Once cash and/or checks are inserted, the machine converts the paper checks into digital images, which appear on the ATM screen and on the receipt. It also sorts and counts the bills and verifies the amount. Cash deposits are available for use immediately and check deposits made on weekdays by 9 p.m. are considered received on the same day.

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Western Union Intros Small Biz ePayment

The Western Union Company global payments launched the Western Union Small Business Payments online payment acceptance and accounts receivable service designed specifically for small-to-midsized businesses. The new Western Union payments solution delivers payment processing, automated invoicing, recurring billing, customer management and reporting, in one integrated payment suite for small-to-medium business owners. The Small Business Payments service is the latest offering in the full spectrum of Western Union® billing and payment solutions, including walk-in, online, sms text and mobile channels. This ultimately permits online or phone payments from their checking account or credit card.

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Columbia State Bank Implements Fiserv Management Platform

Fiserv financial services technology solutions announced Columbia State Bank is implementing its InformEnt Enterprise Data Warehouse solution. Columbia State Bank plans to integrate and leverage data across the enterprise to create new business and cross-sell opportunities, build more efficient operational policies, tighten risk controls and optimize its technology infrastructure. Columbia State Bank, with $4.9 billion in assets and 80 banking offices in Washington and Oregon, is deploying the InformEnt® Enterprise Data Warehouse solution in an ASP model. A long-time Fiserv client, Columbia State Bank already uses the Precision™ bank platform for outsourced account processing, CheckFree RXP, the ACCEL/Exchange PIN debit network, AML Manager, Internet Banking, Integrated Teller, Director™, Business Process Manager and EasyLender.

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Cardlytics Recognized by Bank Technology News

Cardlytics Transaction-Driven Marketing was recognized by Bank Technology News as one of its top ten technology companies to watch for in 2012. Cardlytics’ transaction marketing platform has proven groundbreaking in the world of marketing, deploying technology within partner financial institutions. Partner financial institutions can deliver personalized offers to its customers in a way that fully protects consumer privacy and financial institution data: no transaction data ever leaves the financial institution. All of this is done in a ‘pay for performance’ model that eliminates all risk for participating merchants.

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CAPITAL ACCESS NETWORK REPORTS MAIN ST CARD SALES GAINS

Capital Access Network’s (CAN) Data Services Division released figures today showing a 5.8 percent increase in same store credit and debit card sales at Main Street merchandise retailers and restaurants this Black Friday period* compared to 2010 Black Friday sales. The SBCS data is in line with reports by ShopperTrak’s National Retail Sales Estimate, which said Black Friday 2011 sales increased 6.6 percent over 2010 levels. ShopperTrak’s report focuses on overall sales figures rather than card sales at “Big Box” and mall retailers. The growth in same store Black Friday period card sales was particularly well received by Main Street’s merchants and restaurateurs as the Federal Reserve continues to report declines in the revolving credit carried by U.S. consumers. CAN’s 2011 Black Friday report said that Main Street retailers saw their Black Friday card sales increase by almost 1.0 percent over 2010 levels, contrasting with 2010 when they saw their card sales drop 2.1 percent from 2009 levels. Restaurants saw their card sales climb 7.5 percent over 2010 levels. Among Main Street eateries, those with average ticket sizes greater than $25 saw their card sales rise 8.3 percent over last year. This figure is a substantial improvement from the 0.7 percent year-over-year (YoY) increase that these “more expensive than quick serve” restaurants saw during the 2010 Black Friday period.

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