FICO CEO & PNC EVP to Present on Revitalizing Banking Growth

FICO announced that on October 7 it will offer a free preview webinar of one of the keynote sessions to be held at FICO World 2011 international conference on analytic strategies in financial services. The webinar will feature FICO CEO Mark Greene in conversation with PNC executive Gordon Cameron on “Revitalizing Growth in the Reset Economy.” This webinar will discuss how banks are re-inventing business models and strategies to drive profitable growth in the face of a fragile economy and ongoing regulatory reform. Leading banks are paving the way by effectively using analytics to understand rapidly shifting consumer needs and deliver more compelling offers.

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SIX Group appoints CEO, Payment Services

SIX Group is combining its two divisions focused on cashless payment transactions – Multipay and Cards & Payments. The combination of a targeted international market presence and highly attractive products and services will position SIX Group as a leading international payment services provider. With this, the Board of Directors has appointed Niklaus Santschi as CEO of the new payment services division and member of the SIX Group Executive Board with effect from January 1. Niklaus brings to the board a wealth of experience in the processing and acquiring side of cashless payment transactions. He began his career in 1991 at Eurocard (Switzerland), from where he moved to Payserv and was the European Sales Manager at Telekurs Card Solutions from 2002.

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FICO and Equifax Intro Forward-Looking Scores

Global information solutions leader Equifax and FICO, the leading provider of predictive analytics and decision management technology, announced their agreement to develop new analytics for the UK market. These analytics will complement Equifax’s RN4 suite of risk scores, further helping credit granters reduce losses while extending more credit based on a comprehensive evaluation of each consumer’s risk. FICO will develop UK-specific versions of its FICO® Credit Capacity Index™ and FICO® Economic Impact Index, both based on robust data from Equifax. Worldwide, the two companies deliver a combined volume of scores greater than any other company. The FICO® Economic Impact Index will help lenders understand how future economic fluctuations may affect a consumer’s Equifax RN4 credit score. The patent-pending analytic will indicate the projected positive/negative impact on a specific Equifax RN4 score range based on selected economic forecasts.

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Astorg Partners Acquires Microconnections From FCI

Astorg Partners has signed an agreement with the French group FCI manufacturer of connectors to purchase its Microconnections division. Microconnections manufactures flexible tape material for smart cards, which are used in several applications, including SIM cards for mobile phones, banking cards and e-ID cards, etc. Other products are also being developed such as connectors for medical sensors and connectors for LED bulbs. Thanks to the booming smartcard market, Microconnections had a sales turnover of 202 million euros in 2010, which has grown by 18% on average every year for the last five years.

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Visa to launch new mobile payments method

Visa Europe payment processing will be introducing new mobile payment services as well as alert services across Europe in an effort to push mobile payments regionally. The Visa Person-to-Person system will allow customers to send money from one Visa card to another using their address book in their mobile phones and transfer money to anyone that they know. It will automatically notify users on their mobile devices whenever cash is withdrawn or a payment is made.

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Planet Payment to Delay 1H/11 Results

Planet Payment will delay its results for the six month period ended June 30. In accordance with AIM market policy, the Company has requested the AIM market of the London Stock Exchange to temporarily suspend trading in its shares until such results are issued. OTC Markets Group, Inc. has indicated that they will temporarily remove the Company from the OTCQX tier but the Company’s shares will continue to trade on the OTC Markets Pink Link system. As of October 1, 2011 the Company will be listed on the “OTC Pink No Information” tier. However as soon as the Company files its financial statements and report for the six month period ended June 30, 2011, the Company’s shares will resume trading on AIM and the Company will be restored to the OTCQX tier. This delay allows the Company to complete its examination of the matter, for which it is working diligently to finalize and issue its financial statements for this period as soon as practicable.

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Lloyds TSB Enhances m-Banking

Lloyds TSB launched its enhanced Mobile Banking service, available across a wide range of smartphones allowing Internet Banking customers to access their money and manage their accounts. Customers can access Mobile Banking through their smartphone’s web browser – simply by logging on with their existing Internet Banking logon details. The new service provides Lloyds TSB customers with the ability to view account details and balances on Lloyds TSB personal accounts, savings accounts and credit cards; see mini-statements (last six transactions) on Lloyds TSB personal current and credit card accounts; pay bills or existing recipients; set up new payment recipients; transfer funds between Lloyds TSB personal accounts or savings accounts; and check credit card limits.

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USA Technologies Posts 4Q/11 & FY/11 Revenue Way Up

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries posted revenue for FY/11 and its fiscal 4Q/11 up 45% to $22.9 million and 54% to $6.9 million, respectively. The full year figure of $22.9 million compares to the year ago figure of $15.8 million while gross…

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USA Technologies Posts 4Q/11 & FY/11 Revenue Way Up

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries posted revenue for FY/11 and its fiscal 4Q/11 up 45% to $22.9 million and 54% to $6.9 million, respectively. The full year figure of $22.9 million compares to the year ago figure of $15.8 million while gross…

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Smart Payment Association names New technical director

Lorenzo Gaston has been appointed to the Smart Payment Association (SPA) Board as SPA Technical Director. Gaston has been contributing to Smart Payment Association over the last two years as Chairman of the Specifications Workgroup, which was set up to adapt to the evolving payment landscape and the numerous formal and industry-led standardization bodies for payments. Lorenzo brings to the position an extensive experience and track record in international standard organizations and industry forums, as a renowned contributor as well as a recognized manager, in particular in the domains related to smartcards and security.

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NCR & Sparkfly Partner to Drive Merchants Consumer Engagement

NCR Corporation entered a strategic agreement to integrate Sparkfly’s mobile marketing platform with Radiant POS software, including Aloha, with its personalized smartphone app. The app enables the delivery and redemption of digital offers and discounts at the POS while this integration will provide customers enhanced cross-selling capabilities and drive consumer engagement across the mobile and POS. Sparkfly’s digital offer redemption capability is especially appealing to CPG companies, as it provides brands with a unique resource to engage individual consumers with targeted promotions based on SKU-level details of their actual purchases.

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Patco Deploys Visa contactless commuter pre-paid card

PATCO and Cubic Transportation Systems partnered to provide Philadelphia/New Jersey region commuters a transit-branded, contactless Visa prepaid card. The new PATCO “Wave” & “Pay ANYWHERE” Visa Prepaid Card began a 12-month pilot program on September 26. Allowing consumers to use the same transit payment card for both transit and retail purchases, this “open-loop” payment system uses contactless bank cards that give users the opportunity to spend money wherever the card is accepted. The PATCO Wave & Pay ANYWHERE Visa Prepaid Card is a contactless, general purpose, reloadable card. It is one of the lowest fee prepaid cards on the market. To participate, PATCO riders can get a free PATCO Wave & Pay ANYWHERE Visa(R) Prepaid Card with no enrollment free from brand ambassadors who will be on site for the first two weeks of the pilot at six PATCO stations where special kiosks will be located to enable customers to load their cards.

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