Clear2Pay Acquires Level Four

Clear2Pay international technology provider of next generation payment solutions for financial institutions agreed to acquire Level Four Software Holdings. Providing development and test automation solutions for all types of ATM networks, enabling banks and processors to maximise their investments in their retail payments network at high profile customer touch points, Level Four covers the entire test spectrum from the ATM terminal via the host to the ATM developer’s PC. This provides banks and payment processors with a comprehensive solution that minimizes error and down-time and allows for considerable savings in testing man hours and the deployment of new functionality. Subsequently, The Level Four team will be integrated in Clear2Pay’s Open Test Solutions unit and will continue to operate from its existing offices.

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VeriFone to Acquire Point, Extends Alternative Payments

VeriFone Systems has signed a definitive agreement with Nordic Capital Fund V to acquire Point payment and gateway services and solutions for retailers. With this, VeriFone seeks to extend the Point platform throughout the region for an infrastructure for rapid deployment of alternative payments. For the deal, VeriFone will pay EUR600 million to acquire all of the equity of Point and will also retire at closing existing Point debt of approximately EUR170 million. The acquisition is expected to close by the end of 2011, and is subject to customary closing conditions. Point has operations in 11 Northern European countries and serves a captive network encompassing almost 475,000 merchant contracts.

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Gemalto to Demonstrate SIM Card Standard

SFR, Vodafone, Giesecke & Devrient (G&D) and Gemalto will demonstrate how a new standard for embedded SIM cards and related infrastructure is set to speed the delivery of a wide range of connected devices at the CARTES & IDentification congress in France. Embedded SIMs are set to play an increasingly important role in society as more and more electronic devices beyond handsets will include a wireless data connection to improve the customer experience. The pilot implementation will show how the mobile industry is progressing plans to create a common standard for management of embedded SIMs, paving the way for the delivery of the first commercial products from 2012.

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SmartMetric Expands, Opens Engineering Office

SmartMetric recently opened offices in Tel Aviv, Israel for Research and Development as part of expansion of its engineering. Drawing on a team of software and electronics engineers in Israel, the company is experiencing significant advances and engineering results in its fingerprint credit card sized scanner to be used as a portable medical health records card in the health sector and a fingerprint activated banking and credit card in the banking sector.

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Datacard Group Debuts Card-to-Envelope Solution

Datacard Group secure ID and card personalization solutions is set to demo its “Datacard MX6000” card issuance system with Datacard “Artista VHD” retransfer color printing module and a dual-interface smart card personalization module and “MXD” card delivery system and “MXi” envelope insertion system. The “MX6000” card issuance system, which brings together the broadest range of card personalization technologies in the industry, is a truly modular system that can print up to 1,500 unique cards per hour.

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OTI Expands Parking Management Solution

On Track Innovations announced an agreement to deploy its “EasyPark” parking management system. In the past year, EasyPark™ has been adopted in approximately 20 French municipalities under the service brand PIAF. OTI’s “EasyPark” system implementation will upgrade existing parking payment methods, such as paper parking tickets and “Pay and Display” machines to create a more user-friendly experience for drivers and a lower cost and more efficient operation for the city. Users will be able to re-load their PIAF™ cards at any of the 29 public reloading points located in tobacco and lottery shops across the city, or directly from their personal computer via the PARX France web site at www.monpiaf.fr.

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GCA 3Q/11 Revenue Down 10% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global Cash Access posted its 3Q/11 revenue of $136.9 million, down 10% from the year ago period of $152.1 million, thanks to a loss of its largest customer in late 2010 which accounted for approximately $21.3 million in revenue during the third quarter of 2010. The Company incurred approximately $0.8 million…

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First Data Shows October DVG Strong at 9.4%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data electronic commerce and payment processing released its “SpendTrend” analysis for October. Same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations in October shows dollar volume growth held steady at 9.4% versus September’s growth of 9.5%. Transaction growth improved to 7.5% in…

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People’s United Bank Expands Relationship with FIS

People’s United Bank has selected FIS’ Mobile Financial Services platform, which will deploy the solution in support of a new mobile banking channel it plans to add to its current delivery channels for retail customers. FIS Mobile Financial Services provides financial institutions industry-leading functionality with exceptional integration capabilities. As a consumer-focused solution, FIS’ mobile solution allows bank customers and credit union members to perform transactions quickly and easily from their mobile devices via text, mobile Web and downloadable applications for smartphones.

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AmEx Partners to Kick-off vente-privee USA

vente-privee USA launched their exclusive online retail site, www.venteprivee.com, a joint venture between American Express and vente-privee.com online private sales. The site features member-only sales events with premium European and American brands at up to 70 percent off. Each day’s sale will begin at 10am EST and last 72 hours. vente-privee USA is expected to begin its first sale today featuring PAUL & JOE SISTER, a French brand that exemplifies contemporary Parisian chic. vente-privee USA offers members a range of fashion and lifestyle brands building on vente-privee.com’s over 1,450 existing partnerships and 14 million members in Europe.

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