CashStar Sees Strong Adoption of B2B Digital Gifting

CashStar digital gifting and incentives has expanded its position in the B2B and incentives market, adding six new distribution partners, representing hundreds of incentive programs and millions of dollars in eGift Card sales. The Company also added 15 of North America’s leading brands to its B2B product suite client roster, representing an additional $1.5 billion in potential sales. CashStar’s digital gifting and incentives platform enables distribution partners to easily deliver highly-personalized eGift Cards across online, mobile and social channels through an easy-to-use Web interface. CashStar continues to attract distribution partners looking for a trusted digital gifting provider. These new distribution partners join CashStar’s exclusive roster including Bridge2 Solutions, eBillme™, Great Lakes Scrip Center, National Gift Card Corporation and SVM, representing more than $3 billion in gift card sales.

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Universal Business Payment Solutions To Commence Separate Trading

Universal Business Payment Solutions announced EarlyBirdCapital notified eparate trading of the shares of common stock and warrants underlying the units will commence on or about August 8, 2011. The common stock and warrants will be quoted on NASDAQ under the symbols UBPS and UBPSW, respectively. Units not separated will continue to be quoted on NASDAQ under the symbol UBPSU. Universal Business Payment Solutions Acquisition Corporation is a blank-check company specializing in acquiring or merging with an operating business in the payments industry.

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Payvision Appoints New VPs

Michael Burtscher and Rolf Visser have recently joined the Payvision international payment solutions as the Vice President of Business Development and Vice President of Global Marketing, respectively. Burtscher has been actively focused on all operations involving international acquiring for Payvision’s partners and merchants while Rolf Visser has been strategically coordinating a global marketing plan to expand Payvision’s forefront position in the industry. Michael Burtscher will be working closely with the Payvision management team to help develop the payment processing capabilities and robust network in order to assert Payvision’s relevance throughout the European marketplace. Burtscher brings almost a decade of experience and expertise in the international acquiring arena while Visser brings 22 years of experience in sales and marketing to the Payvision table, having worked for GlobalCollect payment service provider as Head of Global Online marketing.

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Loomis is to Manage HSBC ATMs

Cash handling company Loomis has entered an agreement with the British bank HSBC for management of the Bank’s remote ATMs across theUK. The contract success is the largest since Loomis’ market listing in December 2008 and when fully implemented, will make HSBC the largest customer of Loomis in the UK. The agreement includes management of HSBC’s remote ATM estate, including cash forecasting, replenishment and maintenance which will be performed in association with contract partner, NCR Corporation.

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Rail Provider Implements VeriFone Payment Solution

VeriFone announced its “PAYware Mobile Enterprise” and managed services solution has been selected by WESTbahn Management for use as a mobile ticketing validation and payment service. WESTbahn private rail service will operate on the Vienna-Salzburg line, offering passengers hourly on-time service in new double-decker trains. All on-board customer service representatives will be equipped with “PAYware Mobile Enterprise,” offering secure payment solution and incorporates a 2D bar code scanner that will be used by WESTbahn conductors to scan and validate tickets. Introduced in January, PAYware Mobile Enterprise features built-in NFC, EMV smartcard and PIN entry capabilities.

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Ingenico Deploys e-charity box at Italian Restaurant Chain

Ingenico is deploying its Pennies electronic charity box with Italian restaurant chain, Zizzi, to its nationwide network of 118 restaurants to raise more money for The Prince’s Trust. Ingenico integrated the ‘Pennies solution’ into the “EFT930” mobile Chip and PIN payment terminal. Customers visiting the restaurant chain, who pay for their meal by card, have the choice to top up their bill by 20p. Every one of the extra pennies given goes to charity. Of the money raised, 75% is given to Zizzi’s nominated charity, The Prince’s Trust. The remaining 25% is divided equally between ten UK people related charities.

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Grocer to Deploy Retalix Loyalty Operations

DIXY grocer is set to implement Retalix’s POS, store management and loyalty solutions
to enhance its customers’ shopping experience across multiple touch points and
channels, and to deploy a next-generation loyalty and promotions system aimed
at increasing customer retention and spend. Retalix POS is an open-architecture, multi-channel solution designed to
increase a retailer’s efficiency and effectiveness at all customer touch
points, and thereby assist the retailer to differentiate, innovate and drive a
superior customer experience. Deployed at leading retailers worldwide, the
application contains advanced Store and POS functionality and supports customer
loyalty, self-checkout, fuel management, QSR and a wide variety of electronic
payment services.

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NCR Nigeria Set to Penetrate Telecom Market

NCR Nigeria, a global technology company has announced its intention to enter the country’s telecommunication market and the airline sector as it continues to expand its services in the country. NCR plans to enter the Automated Teller Machines (ATM) industry through the deployment of new ATMs across Nigeria in combination with the company’s plans to develop in the mobile money industry.

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Online Money Transfer to offer Western Union Business Solutions

Western Union global payments and its official representative in Lebanon, “Online Money Transfer SAL,” will now offer the Western Union Business Solutions payments service across the country as part of a five-year agreement. Providing international payment services, foreign exchange solutions, risk management consultation, online FX payments and corporate account management services to clients of all sizes, Western Union Business Solutions is a reliable, flexible and easy-to-use service. The business solutions suite of services not only helps connect businesses across the world, it also helps small- and medium-sized enterprises (SMEs) that are underserved, to gain a competitive advantage through the company’s strategic relationships and strong global network.

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VeriFone-Hypercom Acquisition Inches Closer to Completion

VeriFone Systems is closer to completing the acquisition of Hypercom Corporation, for which it reached a settlement with the U.S. Department of Justice. Representing expansive geographical, product and services diversification, Hypercom’s presence in a number of important markets will allow VeriFone to accelerate overseas growth, increase innovation and build value for customers, employees and shareholders.…

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But Not So Fast…

The Department of Justice announced in order for VeriFone Systems to complete its acquisition of Hypercom, it must divest Hypercom’s United States POS terminals business to an entity sponsored by Gores Group. The department said that the divestiture should eliminate the merger’s potential to harm competition in the sale of POS terminals. The department filed a lawsuit on May 12, 2011, in United States District Court for the District of Columbia, alleging that the proposed transaction would eliminate important competition in the sale of POS terminals and that a proposed divestiture to the only other significant provider of POS terminals, Ingenico, did not remedy the competitive concerns with the merger. VeriFone and Hypercom together control more than 60 percent of the United States market for the POS terminals used by the largest retailers. The department filed a proposed settlement, which requires the divestiture to the Gores Group that, if approved by the court, would resolve the competitive concerns of the lawsuit. To remedy the department’s competitive concerns, VeriFone and Hypercom will be required to sell Hypercom’s United States POS terminals business to Gores.

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