80% to Give Gift Cards This Season

Thanks to e-gifting, instant delivery through Facebook, personalized video and even mobile options, gift cards have become unique gift ideas in their own right. Holiday shoppers are expected to spend an average of $155.43 on gift cards, the highest amount since 2007 and up from $145.61 last year. With this, gift cards remain the most requested holiday gift, marking the fifth year in a row gift cards have topped consumers’ wish lists. This compares to in 2010 while gift givers will also spend more on each card they buy. Shoppers will spend an average of $43.23 per card, up from $41.48 last year.

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Dollar General Lets Consumers Check-Out with MasterCard

Shoppers have the option to use their MasterCard credit cards at all of the nearly 10,000 Dollar General locations across the country, expanding on previous acceptance of MasterCard debit and prepaid cards. Dollar General reinforces its leadership among small-box discounters by adding MasterCard branded credit cards. As consumers have become more comfortable using payment cards, there has been a migration of everyday spending from cash and check to electronic payment.

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Sberbank Implements Transoft ATM Software

Sberbank has purchased an institutional license for installation of the OptiCash/OptiNet software developed by Transoft International. Designed to optimize cash management processes for the bank’s branches and ATMs, Transoft is one of the major global vendors of cash flow management software and implementation of their products is known as one of the best worldwide practices for efficient cash liquidity management. Sberbank purchased an institutional license in order to replicate OptiCash/OptiNet across all Sberbank cashpoints in the Russian Federation and centralize all cash flow management processes within the institution.

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Canadian Retail Solutions Sees 20 Years

Canadian Retail Solutions POS software solutions is celebrating 20 years of business helping Canadian retailers with their POS systems. The POS and Inventory Management Software enjoyed 20 years with many changes to the retail industry and the point of sale solutions provided. The solutions now available offers customized POS software and valued POS support, implementation, and training, along with multi-channel marketing services.

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GE Capital & PANDORA Partner, Launch Credit Program

Consumers now have new payment options to purchase jewelry to mark the special moments in their lives with the introduction of a consumer financing program from GE Capital’s Retail Finance business and PANDORA. In a multi-year agreement, backed by GE Capital, PANDORA offers a range of convenient payment options with its credit card program on the full line of PANDORA jewelry products and collections, including bracelets, charms, watches, necklaces and pendants. The special financing program is currently available for purchases at select PANDORA concept stores nationwide, and will expand to more retail locations in early 2012.

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UK POS Introduces Collation Service

The UK Point of Sale is now offering a collation service to its customers, allowing businesses to order sets of POS items to any of their stores.UK POS’s collation service now allows retailers to order point of sale items such as sets of double hook wires, hanging buttons and poster holders in bulk, and then have them collated by UK POS and delivered nationwide to a large number of stores, therefore reducing the amount of time spent organising deliveries by the customer. UK POS is continually adapting to changing market trends with its POS services and display systems.

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Bankruptcies & Chargeoffs Continue Improvement

October bankruptcies and chargeoffs both continued to slide, showing consumers are still paying close attention to their credit performance. October U.S. consumer bankruptcy filings totaled 106,255 nationwide, down 19.6% from the 132,173 total consumer filings recorded in the year ago period, while retail card chargeoffs broke the 6% threshold to 5.55% for a 45-month low.…

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Discover Rolls Improves Cardmember Website Design

Discover announced its “ShopDiscover” online shopping portal now rewards cardmembers 5% to 20% Cashback Bonus year-round on purchases at Dell, Lowe’s, BestBuy.com and Macy’s. These rewards are in addition to the up to 1% Cashback Bonus Discover cardmembers automatically receive on every purchase. Discover cardmembers now can search for and use merchant coupons, taking advantage of additional savings on top of their Cashback Bonus rewards earned through ShopDiscover. The new “ShopDiscover” has grown to more than 200 participating merchant retailers, offering an easy way for Discover cardmembers to accelerate the rewards they earn on their purchases.

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USA Technologies Connects AMI Touchscreen POS

USA Technologies wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retailing industries had entered into a new exclusive three year agreement with AMI Entertainment Network (“AMI”) touch screen entertainment products and electronic jukeboxes. This new agreement broadens the relationship, making USA Technologies the exclusive provider of transaction processing services for all of AMI’s credit- and debit card-enabled Megatouch game machines in addition to all of the Rowe Jukebox game machines. With this, USA Technologies’ ePort SDK cashless payments software is installed into the machines and shipped by AMI to customer locations, ready to accept credit and debit cards for payment, as well as provide remote machine and sales data through USA Technologies’ ePort Connect Service.

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Merchant Data Systems and Karma Snack Partner, Form Subsidiary

Merchant Data Systems payment processing company and Internet Marketing Company Karma Snack forged a joint venture to help merchant and re-seller clients of Merchant Data Systems increase their sales. The partnership will provide both traditional and e-commerce businesses with products and services including business-enhancing search engine optimization (SEO) to complement wholesale merchant processing. This will offer merchants a diverse suite of Financial Services products including working capital, merchant cash advances, equipment financing as well as Gift & Loyalty programs, Payroll Services and merchant-friendly PCI-DSS solutions.

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Open Solutions Partners Yodlee PFM

Yodlee online personal financial management (PFM) and payments solutions forged a new partnership with Open Solutions financial service technology provider. Open Solutions will be the first channel partner to launch the Yodlee Platform with the FinApp Center to its community bank and credit union customers. Yodlee’s FinApp Center is a consumer-driven marketplace for personalized financial applications, or Yodlee FinApps, which will be integrated and available from Open Solutions in early 2012. Yodlee certifies each FinApp so that financial institutions can select and offer their customers secure and personalized functionality, via FinApps, through their own institution websites.

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Postal Credit Union Launches Rewards Debit Card Promo

Postal Credit Union in Minnesota is giving away $1,000 a week in cash prizes through the end of 2011 for members who use their debit cards. During its $1,000 a Week Debit Card Giveaway, each time members use their PCU Cash & Check (Debit) Card for purchases beginning November 13 through December 31, 2011, they’ll earn a chance to win one of PCU’s weekly $1,000 random drawings. Members can earn 100 BONUS entries when they make 25 or more purchases a week using their PCU Cash & Check (Debit) Card.

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