AirPlus International Deploys Global Card Network

AirPlus International expense analysis and payment solutions partnered with Santander, BNP Paribas, UBS and Nordea to provide companies the optimal solution to worldwide travel cost management challenges with its “NextGen” system. Offering an all-in-one tool for professional business travel management that integrates the corporate cards, lodge cards and management information system (MIS) solutions, “NextGen” focuses on professional travel management globally. For users, it circumnavigates excessive locally provided tools that might fail to meet the needs of their modern global travel management.

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Bank of Georgia offers Serverside card customization

Bank of Georgia made available its ‘Love Card’ card customization service through the Serverside Group. Available across the bank’s debit and credit portfolios and costs GEL 15, ‘Love Card’ card customization is currently applicable to Visa Electron, Visa Classic, Cirrus Maestro and MasterCard cardholders. Being marketed through multiple channels, from adverts and editorial slots on the major TV stations, articles in the country’s leading magazines and newspapers, to web banners on Facebook and videos on YouTube, it allows cardholders to design their own images or choose an image from one of a number of galleries, including Nature, Dessert and Drinks, National Symbols, Sports and Animals.

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Ingenico Affiliate acquires BTG assets to Grow

Ingenico payment solutions’ easycash affiliate is expanding its footprint and acquiring parts of the assets from BTG ISO. With this, easycash purchases a terminal POS estate while a sales force joins the Group to deploy its one-stop-shop and bank agnostic offer. In addition to POS related services, the commercial bundle offer will also include Mastercard and Visa acquiring services from easycash to the merchant. With this, it enters a new market and debuts its know-how outside of Germany to its access to over 2,000 merchants in Belgium, allowing it to deploy the Ingenico “Telium” and NFC based terminals in a country where its presence was limited.

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99Bill signs eight major Chinese banks

99Bill independent third-party payment service provider signed strategic partnership agreements with eight major banks to facilitate secure and reliable payments transactions. 99Bill’s e-payment solutions is confirmed with the six of the seven business scopes approved by the PBOC, the most of any e-payment company in the industry and plans to use its unique advantages to work in conjunction with banking partners to develop innovative financial solutions for enterprise and business customers. 99Bill’s scope of cooperation with its eight strategic banking partners includes information management and security, payment and settlement, fund collection, card acquiring, as well as international payment and settlements.

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GlobalCollect Appoints New CTO

GlobalCollect announced the appointment of Peter Knight to the role of CTO, wherein he will coordinate with the Company’s Executive Council to develop a single-interface payment platform WebCollect and related technology solutions. Most recently CIO with ING Direct UK, Knight is an accomplished technology executive who previously held senior management positions at Capital One, Goldman Sachs, and the Financial Services Authority in the UK. He has extensive experience in leading large technology teams and a strong international business background having previously worked in the US, Asia, and Europe.

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NBPCA Concerned Over Interchange Loophole

While the Network Branded Prepaid Card Association (NBPCA) applauds the decisions of the Federal Reserve Board to adopt the new interchange fee cap, the Board also has issued a final debit interchange rule that will disqualify many general purpose prepaid cards and payroll cards from receiving an exemption from the new interchange rate. Under the new rule, effective October 1, 2011, a bank issuer may charge an interchange fee of 21 cents per transaction plus 1 cent for fraud prevention and an additional 5 basis points on the transaction amount to account for fraud losses. The Durbin amendment carved out an exemption from the lower interchange rate for prepaid debit cards and government benefit cards because millions of unbanked and underbanked consumers rely on these cards for basic needs. Ergo, any prepaid debit card issued by a bank with assets over $10 billion that allows cardholders to use the cards for services other than point-of-sale debit or ATM access such as check writing, bill pay, or electronic remittances would not qualify for the exemption.

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TCU Outsources ATM Service to Diebold

Teachers Credit Union (TCU) is set to implement Diebold technologies and services to enhance its operational efficiencies and improve member convenience, which will manage upgrades to its fleet of 85 “Opteva” ATMs. Upgrading the ATMs will consist of adding monitoring services to enhance security and ATM uptime and incorporating deposit automation technology to improve convenience. These measures are designed to improve the security and reliability of TCU’s self-service channel, especially with the added Diebold “Advisor” automated monitoring service, which alerts on detailed ATM status messages, such as paper jams and dispenser faults for subsequent remote fix or to dispatch repair service. TCU currently has 14 ATMs capable of deposit automation through Diebold, with more than 30 additional machines planned in the near future.

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Interchange Law Boosts eBay Stock

Shares of eBay rose 4% hours after the Fed voted to cut fees retailers pay to accept debit-card payments, which is expected to benefit eBay’s “PayPal” electronic payment service. With this, eBay shares now stand at $32.22. The Fed rule will shift billions of dollars in revenue from financial institutions to merchants. The fees that retailers are charged to accept debit-card payments would be trimmed to 21 cents plus a conditional charge of a penny and 0.05% of the transaction value for fraud prevention. eBay posted 1Q/11 net earnings of $476 million from the year previous figure of $398 million and revenue up 16% to $2.55 billion.

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TCF Requests Durbin Lawsuit Dismissal

The Eighth Circuit Court of Appeals affirmed a U.S. District Court ruling to deny TCF National Bank’s (“TCF”) motion for a preliminary injunction against the implementation of the Durbin Amendment. The decision was based mostly on the lacking clarity on the exemption effectiveness. This in conjunction with the Fed’s final rule on debit interchange led TCF to request the U.S. District Court in South Dakota dismiss the case without prejudice. TCF National Bank is a subsidiary of TCF Financial Corporation and has 442 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota.

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NEC Strengthens Retail and Service Solutions

NEC Corporation announced the global launch of its new “TWINPOS G Series” in addition to its “TWINPOS Series” POS terminal products to reduce total cost of ownership for customers through its exceptional serviceability, reliability and power conservation. The “TWINPOS G5″ touch screen POS terminal and the “TWINPOS G7″ compact POS console begin today throughout markets worldwide, including China, Southeast Asia, India, the Middle East, Central and North America and Europe. Shipment of the “TWINPOS G7″ and the “TWINPOS G5″ are scheduled to begin in July 2011 and October 2011 respectively. The “G Series” lineup of products is designed to meet an ever expanding range of market needs. The “TWINPOS G Series” that contribute to reducing TCO reduce maintenance costs through serviceability, high quality and high reliability.

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Citi’s U.S. Consumer Finance Unit Completes Rebranding

OneMain Financial ompleted the re-branding of its U.S. Full Service Network from CitiFinancial to distinguish its business with an identity that better represents who it is and what it does. OneMain will launch a multi-media advertising campaign comprised of television commercials, print advertisements, digital placements, and radio spots, focusing on their face-to-face solutions-oriented approach to meeting customers’ needs. Citi will continue to use the CitiFinancial name through its network of CitiFinancial Servicing Centers across the U.S. Each Center features extended hours, enhanced management support, and flexible payment options.

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