HSBC Sells Off Upstate New York Branches

Buffalo-based HSBC completed agreement to sell 195 retail branches to Buffalo-based First Niagara Bank for a consideration equal to a premium of 6.67% of the deposits to be transferred on closing, roughly $1.0billion. HSBC Bank USA remains committed to serving and further developing corporate banking relationships in Upstate New York and continue to provide a full suite of international commercial banking offerings, including trade and cash management products and services through its four business centres in the region. The all-cash transaction is expected to close in early 2012.

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HomeSend Launches New remittance connection

eServGlobal introduced a new connection for the HomeSend remittance service between its strategic business partner BICS and Smart Communications, Philippine-based mobile network operator. Smart Communications has over 45 million subscribers in the Philippines and a strong track record in providing domestic mobile money services. Through HomeSend, Smart Communications will be able to offer remittance services to their mobile money users. The Philippines receives over US$20 Billion in international remittance reach year and is one the top remittance receiving countries in the world. For example, in 2010, Qatar and the United Kingdom sent over US$500 million each in remittances to the Philippines.

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C&CCC names new chairman

Les Thwaites has been appointed The Cheque and Credit Clearing Company (C&CCC) Chairman. Having worked for the Co-operative Bank since 1972, where he was involved in all elements of check processing and the management of the check processing operation. He has also served as a Director on the C&CCC Board and is consequently well aware of the current issues including the pressure to improve the cheque product to satisfy customer requirements and meet the wider demands for increased industry efficiency.

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Citi & JCB International extend partnership

Citi and JCB International (JCBI) extended their partnership, adding JCB credit card merchants in nine countries and territories throughout Asia. The agreement covers JCB acceptance in all of Citibank’s acquiring markets in the region, enabling the bank’s merchant base, both physical and ecommerce, to accept JCB cards across the region. Citibank, the global retail and consumer banking business of Citi, will phase in JCB card acceptance for purchases at Citibank merchants in Hong Kong, Vietnam, Thailand, Philippines, Malaysia and Indonesia, together with expanding the existing relationships in Singapore, Taiwan and Guam.

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The Bunker and CNS forge IT Security Partnership

The Bunker delivers ultra secure Managed Hosting, Cloud Computing, Colocation, and Outsourced IT from within Europe’s most secure data centers, and is pleased to announce a partnership to offer CNS’s “COMPLIANCEngine” and payment card industry (PCI QSA) compliance services alongside The Bunker’s ultra-secure data centers. The partnership will enable both companies to offer a range of complimentary services ranging from consultancy and network-auditing processes, accreditation to QSA, CESG, CHECK and CLAS standards, through to colocation, managed hosting and cloud computing in ultra secure, ex-military nuclear bunker data centers. The “COMPLIANCEngine” managed service was built in response to the increasing levels of IT compliance regulation across all industries.

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Xpress Money Expands Indochina Presence

Xpress Money expanded its operations to 95 countries in 5 continents with its 85,000 agent locations. With Thailand having received more than $1.8bn in remittances in 2010, Xpress Money signed Government Savings Bank and Krung Thai Bank, which together have a spread of over 1000 locations across the country. Subsequently, Xpress Money will tap this booming remittance market, which shows $325bn dollars were sent in 2010 to developing countries. Moreover, this figure is projected to hit $404bn in 2013.

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BestHotelOnline.com Launches Reward Program

BestHotelOnline.com launched its “BHO Rewards “free reward program, giving customers BHO points every time they book a hotel on their website and allowing them redeem points for gift vouchers or up to 8% cash back! The “BHO rewards” lets cardholders earn points at over 125,000 hotels worldwide, but not limited to a single hotel brand. Customers can earn 5 BHO points for every Hong Kong dollar spent on hotels book through BestHotelOnline.com. To celebrate the launch of BHO Rewards, customers will earn double BHO Points for staying at any “Best Buy” hotels booked between now until 15 October 2011.

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Epicor expands partner network

Epicor Software Corporation is set to further expand its channel in Qatar, taking advantage of aggressive IT expenditure in the country that is expected to sustain a compound annual growth rate (CAGR) of 10% from 2011-2015. Epicor Software Corporation (recently combined with Activant Solutions Inc.) is a global provider of POS business software solutions to the manufacturing, distribution, retail and services industries. With nearly 40 years of experience serving midmarket organizations and divisions of Global 1000 companies, Epicor has more than 33,000 customers in over 150 countries.

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GE Capital Launches Interest Free Contactless Card

Consumers can now tap interest free financing with the GE Capital “Gem Visa” credit card, giving cardholders six months interest free on every Visa purchase over $250. The “Gem Visa” card is an exciting new innovation in New Zealand credit cards, and is a natural progression from the popular GE CreditLine, providing even greater convenience and levels of service for its users. The “Gem Visa” also offers consumers long-term interest free promotional finance at around 2,500 retail stores and healthcare practices nationwide, up to 55 days interest free on purchases under $250, and the ability to access statements online. The Card was also introduced to incorporate the Visa “payWave” contactless payment technology.

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Heartland 2Q/11 Performance Up Across The Board

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Heartland Payment Systems 2Q/11 posted a net income of $12.3 million thanks in part to a merchant (SME) transaction processing volume of a record $17.5 billion, up 7.2% from 2Q/10. Net Revenue, meanwhile, was a quarterly record $122.2 million, up 6.1% from the year ago period, and net revenue was up…

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Diebold Revenue Drops .4% Y/Y, South American Ops Struggle

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Diebold posted a 2Q/11 net income from continuing operations attributable to Diebold of $20.3 million, down from $30.4 million in the year ago period while 2011 revenue was $662.4 million, down 0.4% from 2Q/10. Total global product and services orders decreased 1% compared with the prior-year period. This was due in…

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Host.net Now PCI Listed with VISA

Host.net infrastructure services focusing on colocation, cloud computing and network transport & transit, announced their PCI DSS compliancy is now validated on Visa’s Global Registry of Service Providers. Host.net, a multinational provider of network infrastructure services focusing on colocation, cloud computing and network transport & transit, announced today their PCI DSS compliancy is now validated on Visa’s Global Registry of Service Providers. Host.net is a multinational provider of network infrastructure services focusing on colocation; cloud computing and storage, and network transport.

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