Open GI Now a Payment Service Provider

By partnering with Universal Payment Gateway Plc (UPG), Open GI has now become a Payment Service Provider for all credit and debit card payments with its “CreditLine Plus” service. Fully integrated with the Core Back-Office, “CreditLine Plus” meets the latest requirements of PCI DSS compliance. As a new Payment Service Provider, GI will fully manage payments to multiple banks, card and payment networks by validating, authorising and processing credit and debit card payments for all types of brokers selling Personal and Commercial Lines online, through branches or Call Centres.

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Mobile remittance service Connects 2 Countries

A new remittance corridor has been launched connecting Morocco to Belgium as part of an initiative by Wafacash – a subsidiary of the Attijariwafa Bank Group – and MFS provider BICS, a part of the Belgacom Group. Now people living in Belgium will be able to use their mobile phones to remit money instantly and cost effectively to their relatives and friends anywhere in Morocco, where they can collect the money at one of the 500 agent locations of Wafacash. The remittance transactions to the agents are facilitated through the HomeSend remittance hub, and as well as the Allo Cash platform.

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Loomis Inks cash handling agreement with BAB Bankernas Automatbolag

Loomis inked a four-year agreement with BAB Bankernas Automatbolag to provide approximately 50% of Automatbolag’s ATMs with cash. Also included in Loomis’ assignment is the counting of cash and certain emergency servicing of the machines. BAB Bankernas Automatbolag was founded in September 2010 by Danske Bank, Handelsbanken, Nordea, SEB and Swedbank, and is taking over the management of the owner banks’ approximately 2,700 withdrawal and deposit ATMs.

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Consumer Bankruptcies Down 4% M/M

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] September 2011 bankruptcy filings were down 4% to 108,517 total filings from the August 2011 figure of 113,432 filings. This figure is down 17% nationwide from the September 2010 figure of 130,329 consumer filings. Meanwhile, U.S. consumer bankruptcy filings totaled 1,044,722 nationwide during the first nine months of 2011 (Jan. 1-Sept.…

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eLayaway & MoneyGram Offer UnBanked Cash Funding

eLayaway layaway processor forged a new business relationship with MoneyGram International money transfer company, allowing it to accept cash payments from its members through MoneyGram’s network of more than 35,000 U.S. agent locations. With MoneyGram “ExpressPayment,” eLayaway Members have added convenience and flexibility. It will support both eLayaway’s online and brick and mortar layaway programs and provide the unbanked and underbanked with the ability to fund their eLayaway account using cash, ultimately extending to an untapped market.

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Alliance Data Inks Pier 1 Imports to Private-Label Card Agreement

Pier 1 Imports has signed a new, long-term private-label credit card agreement with Alliance Data loyalty and marketing solutions. With this, Alliance Data will provide end-to-end private-label credit card services from account acquisition to multichannel marketing and customer service for Pier 1 Imports and is underway as the current private-label credit card program remains in place until full conversion by 2Q/12. Alliance Data expects the program portfolio to be in the $120 million range by the end of 2012.

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eMerchantPay Appoints New Top Execs

eMerchantPay online payment processing appointed Bartek van de Pavert VP, International Sales and Travel and Stéphane Panyasiri EVP, Business Development Global Gaming. Bartek brings a wealth of experience and extensive expertise within the travel sector to help expand eMerchantPay’s success in the travel business, most recently from the Paysafecard group having led the group into the travel and e-retail markets with key partnerships in the digital content sector and coordinated several geographies for the company’s international operations. Stéphane Panyasiri combines a full range of international business development and sales expertise with over 10 years in online industries and has managed global business development for major payment solutions such as 123ticket, BilltoMobile and SponsorPay.

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FSV Payment Systems Promotes Three Execs

Darryl Clukey has joined FSV Payment Systems branded prepaid debit card products and processing services as Senior Vice President, Client Services. Meanwhile, Timothy Leonard has joined the Company as Controller and Matt Frye has been named the company’s Senior Vice President, Product Development. Darryl Clukey was most recent VP, Client Services with AdvancedMD Software while Tim Leonard was most recently CFO of both GMIS Inc. and DBT Online Inc. Frye will focus on fostering strategic partnerships and developing FSV’s next generation of innovative products and services.

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Bank Freedom Sees 3Q/11 Cardholder Deposits up 357% Y/Y

Bank Freedom, a wholly owned subsidiary of PrepaYd announced that for the third quarter 2011, cardholder deposits on the company’s prepaid cards were approximately $50,600,000, a 357% increase from the $14,148,000 in the third quarter of 2010. Third quarter 2011 deposits for July were approximately $8,631,000, August was approximately $12,536,000 and September was approximately $29,442,000. Prepaid card deposits demonstrated steady and consistent growth month over month. September 2011 deposits increased approximately 701% from the same month last year. The company believes the steady increase in cardholder deposits is due to the substantial increase in card orders between June and September 2011. The company also recently announced that it completed a $2,000,000 equity raise in July 2011.

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MemberClicks Partners Moolah Payments

MemberClicks websites and membership management software forged partnership agreements with Moolah payment for non-profits. With this, Moolah will provide a full suite of payment processing services that are built around the specific needs of non-profits, from low-cost credit card processing to wireless terminal rentals for events. The partnership benefits include waived setup, discounts on fees and additional incentives for both new and existing MemberClicks customers. Associations and AMCs signed up through MemberClicks will be able to offer these discounted rates to any of their member or client organizations.

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