USA Technologies Expands to Include Stand-Alone Wireless

USA Technologies wireless, cashless payment and M2M telemetry solutions for self-serve retailing industries expanded its JumpStart program to include a stand-alone wireless telemetry solution. This provides the full array of vending technology solutions under its JumpStart program, enabling customers the flexibility to participate in this program for cashless payments, telemetry, or both. The USA Technologies’ JumpStart program makes it possible to implement the latest in USA Technologies’ cashless payments and wireless telemetry solutions with no capital cost and no long-term commitment. USA Technologies’ ePort wireless telemetry solution for the vending industry is designed to provide customers with maximum flexibility, is VDI-compliant and compatible with the vending industry’s leading providers of vending management software systems, including Crane Merchandising Systems’ Streamware and VendSys, as well as the proprietary systems of several large customers. USA Technologies’ ePort Connect service is the industry’s most flexible and interoperable solution for cashless payments and M2M telemetry services.

Details

Fiserv Reduces Heartland Reserve Requirements

Fiserv financial services technology solutions announced Heartland Financial USA has signed on to use its ReserveLink deposit reclassification solution. ReserveLink will help Heartland to generate additional investment income by greatly reducing or eliminating the need to maintain balances in accounts at the Federal Reserve. Using ReserveLink from Fiserv, Heartland, a $4 billion multibank holding company, sweeps transaction account balances into non-transaction accounts, converting low-interest bearing Federal Reserve account balances into earning assets. Heartland Financial uses the Signature™ bank platform, debit processing, ACCEL/Exchange® PIN debit network, Prologue™ Accounts Payable, Prologue General Ledger and a variety of solutions from Output Solutions at Fiserv.

Details

GE Capital Agents $115 Million Evolution1 Credit Facility

GE Capital has closed, as administrative agent, $115 million in senior secured credit facilities for Evolution1. The financing was used to recapitalize Genstar’s acquisition of Evolution Benefits and support the company’s acquisition of Lighthouse1. GE Capital Markets served as sole lead arranger and joint bookrunner. Evolution1 and its partners serve more than seven million consumers, making it the nation’s largest electronic payment, on-premise and cloud computing healthcare solution that administers reimbursement accounts, including HSAs, HRAs, FSAs, VEBAs, Wellness and Transit Plans. It meets up to 1,200 unique plan designs, provides innovative auto-substantiation technologies, simplifies user experience, and automates workflow for partners, employers, and consumers.

Details

Datacard Group to Host EMV & NFC Adoption Educational Seminar

Datacard Group secure ID and card personalization solutions will be hosting a seminar specifically focused on educating U.S. bank executives on how to easily build EMV technology as well as NFC technology into their card portfolio strategy. The seminar will be led by Datacard Group card issuance EMV technology and NFC with a high-level educational overview on implementation options and infrastructure requirements needed to implement NFC- and EMV- technology into their card programs. The seminar is designed for those who want to know more about the technology ecosystem, as well as anyone responsible for the planning, testing, development or implementation of such programs.

Details

Bluepoint Solutions Sponsors RDC Summit

Bluepoint Solutions, a 2010 CUNA Tech Council “Best of Show” winner, Microsoft Gold Certified Partner and provider of remote deposit capture, item processing and enterprise content management solutions for financial institutions, is set to sponsor RemoteDepositCapture.com’s new Credit Union and Community Bank Track at RDC Summit 2011 in Orlando, September 28-30. In its fifth year, Remote Deposit Capture Summit has revised and added to its content delivery in 2011 by creating a track-based schedule.

Details

Innotrac Implements Liaison for PCI DSS Compliance

Innotrac Corporation is using Liaison Protect integrated data encryption, unified key management and event logging data security solution to meet Requirement 3 of the PCI DSS, which specifies that stored cardholder data must be protected. Atlanta-based Innotrac operates seven product fulfillment centers encompassing 2.3 million-square-feet of distribution and warehouse space and a 430-seat bilingual call center spanning all time zones across the United States. The company operates two data centers and processes tens of millions of inbound and outbound units annually for multi-channel marketers who sell via eCommerce, catalog, direct response, direct response TV (DRTV), telecom and broadband, or the business-to-business model. Because the ISO 9001-certified company accepts credit cards via phone, fax and eCommerce sites equaling two million to four million transactions annually, it qualifies as a Level 1 service provider under PCI DSS.

Details

S1 Board Urges Stockholders Sit on ACI Offer

S1 Corporation responded to the unsolicited and conditional exchange offer announced on August 30, 2011 by ACI Worldwide. Subject to the terms and various conditions set forth in the exchange offer, ACI seeks to acquire each outstanding share of S1 common stock for an election between cash and ACI shares, subject to proration. Consistent with its fiduciary duties and as required by applicable law, the S1 Board of Directors, in consultation with its legal and financial advisors, will review and consider the exchange offer. The S1 Board of Directors intends to advise S1 stockholders of its position with regard to the exchange offer in due course, but no later than September 13.

Details

Celerant Redesigns POS Screen with Retail Software Functionality

Celerant Technology retail software redesigned its POS screen to include an enhanced look and feel along with a new layout for ease of use and navigation. The POS screen allows retailers to maintain a high degree of operational awareness at store level through price-optimization, customer satisfaction initiatives, employee management, and tight inventory-control. Celerant’s point of sale transactions are completed in real-time and are available at once throughout the enterprise. System flexibility enables the system to be used in multiple business models and allows for customized screens to meet individual requirements.

Details

EVERTEC Extends Exchange Offer

EVERTEC diversified processing, offering transaction and payment processing and merchant acquiring, extended its pending exchange offer to exchange up to $220,000,000 aggregate principal amount of its 11% Senior Notes due 2018 for a like principal amount of its outstanding 11% Senior Notes due 2018 (the “Old Notes”). EVERTEC has been advised by its exchange agent that, as of the close of business on August 31, approximately $168,325,000, or approximately 77.1%, of the Old Notes, have been confirmed as tendered in exchange for a like principal amount of the Exchange Notes. The new expiration date for the Exchange Offer is 5:00 p.m. on September 7.

Details

PayNearMe & InfoSend Offer City Cash Utility Payment Option

PayNearMe cash transaction network announced the City of Fairfield, California municipal utility will offer its customers the ability to pay their bills with cash at local 7-Eleven stores through its network. Made possible through its partnership with InfoSend, Fairfield will implement PayNearMe’s “Embedded Barcode Remittance” (EBR) technology for those who prefer to pay their bills in cash, as well as the more than 60 million adults who are unbanked or underbanked. The PayNearMe “EBR” technology, along with InfoSend, offers a unique barcode directly onto each City of Fairfield utility bill. The customer can then go to any local 7-Eleven where their bar code is scanned at the register. They complete the transaction by paying in cash and the funds immediately post to their accounts.

Details

Revel Systems Deploys Apple Mobile POS

Revel Systems released its mobile POS for line busting, available on the Apple iPad or iPhone. Either Apple device can be connected to a mobile credit card reader and used to process payments any where with a wireless, 3G or 4G connection – whether you’re in the restaurant or at a customer’s door. The PCI compliant Revel software offers a fully customizable point of sale mobile solution with payroll, inventory tracking, web ordering, email receipts, and integration with social media companies including Yelp, Twitter, Facebook and Foursquare. On cloud based software, it ensures the security of a local Apple iPad application.

Details

Belarusbank installs Wincor Nixdorf ATMs

Belarusbank is installing its 1,000th ATM with the Wincor Nixdorf “24 ProCash 8050.” Also, this will bring the number of deployed Wincor ATMs to 610 through the Bank, over 60% of its fleet. Wincor Nixdorf was chosen based on its high quality of its systems as well as a proven price/performance ratio, innovative functions and international acceptance. Belarusbank has 1983 branches, including six regional branches, 37 local branches, 99 service centers and 1,841 outlets. Wincor Nixdorf’s success in strengthening its market position in Belarus, similar to Lithuania and Ukraine, owes a great deal to its many years of commitment to the markets of Eastern Europe.

Details