Hagens Berman to Investigate Prepaid Debit Card Companies

Hagens Berman is investigating potential claims against five prepaid debit card companies, including First Data Corporation, Green Dot Corporation, Account Now, Netspend Holdings and Unirush Financial Services after the Office of the Attorney General of Florida issued subpoenas challenging whether the companies misled consumers regarding hidden fees, or engaged in other deceptive practices. Prepaid debit cards, once loaded with funds, can be used to withdraw money from ATMs or purchase items, just like any other debit card. They are, however, not associated with any bank account and are instead loaded with funds in advance. Hagens Berman is interested in talking to consumers who used a prepaid debit card and feel that the company providing the card failed to disclose hidden fees or otherwise misrepresented the card’s features.

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NCR Launches Cloud Hosting Services

NCR Corporation is launching its new NCR Hosting Services, giving cloud providers access to IT infrastructure and service support in a highly flexible and cost-effective way. The new services are targeted at telecom carriers, Original Equipment Manufacturers and System Integrators throughout the U.S. Cloud-based services range from delivering Software as a Service (SaaS) to Infrastructure as a Service (IaaS) on a pay-as-you-go basis and are likely to become a key element in many corporate IT strategies over the next five years. The NCR high-security tier 4 hosting center offers redundant hardware, dual Tier one Internet Service Providers (ISPs) and automatic failover, backed by a comprehensive disaster recovery facility to deliver high system availability.

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TSYS Announces Second-Quarter 2011 Dividend

TSYS has approved a quarterly cash dividend of $0.07 per share on TSYS common stock, payable July 1, 2011, to TSYS shareholders. TSYS is focused on digital commerce, connecting consumers, merchants, financial institutions, businesses and governments. Supporting cross-border payments in more than 85 countries, TSYS offers merchant payment-acceptance solutions as well as services in credit, debit, prepaid, mobile, chip, healthcare, installments, money transfer and more.

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U.S. Bank and AviancaTaca Launch New Credit Card

U.S. Bank has partnered with Avianca and TACA Airlines to offer its “LifeMiles” Visa credit cards as part of a renewed and integrated loyalty program. The “LifeMiles Visa Signature,” “LifeMiles Visa” and “LifeMiles Visa Secured” gives cardmembers “LifeMiles” with every credit card purchase and redeem them for reward travel on Avianca, TACA and their airline partners. The “LifeMiles Visa” Signature customers earn a 20,000 LifeMiles first use bonus, double LifeMiles on Avianca and TACA Airlines tickets purchases and 6,000 renewal bonus LifeMiles. The LifeMiles Visa Card offers a 15,000 first use bonus and a 3,000 LifeMile renewal bonus.

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Collis gets MasterCard accreditation

The Collis Test Center has been accredited by MasterCard Worldwide to deliver CPV & (M-)TIP MasterCard Formal Approval Services mandated by MasterCard. Accreditation for Formal Approval Services combined with prior accreditation for delivering chip-related training & consulting services in the Guidance and the Technical Support categories and a range of Collis Test Tools qualified by MasterCard Worldwide, enables Collis to extend its portfolio of solutions for issuers and acquirers worldwide and strengthens its commitment to provide them with high-quality services, tools, and training. All in all, Collis is capable of giving issuers and acquirers a competitive edge in bringing the best products to market quickly while reducing costs and risks. MasterCard Formal Approval Services for CPV, M-TIP and PayPass TIP test that card and terminal products carrying MasterCard brands, or accepting MasterCard branded M/Chip & PayPass payment applications, meet the minimum quality and interoperability requirements specified by MasterCard.

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eB2Bcom and Lieberman Partner for Identity & Security Management

Lieberman Software Privileged Identity Management(PIM) forged channel partner agreements with eB2Bcom reseller for Asia Pacific. With this, eB2Bcom will market, sell and support Lieberman Software’s privileged identity management and security management solutions throughout Singapore, China, India and other countries in the Asia Pacific region, to enterprises seeking to locate, secure and manage their powerful privileged account passwords. Lieberman Software is a technology leader in the rapidly-growing privileged identity management and security management markets with more than 20 years of product innovation and more than 1,000 enterprise customers worldwide. Lieberman Software set record sales in 2010, with year-over-year revenues increasing nearly 40 percent. Much of this growth is attributed to new sales of ERPM and the company’s expanding channel partner program as more strategic value added resellers like eB2Bcom are added in regions worldwide.

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Oberthur Appoints Advisor to the Chairman of the Board

James Hussey has accepted a multi-year consultancy with Oberthur Technologies to act as Advisor to the Chairman of the Board. Having spent over twenty-five years in the banknote and security printing industry, Hussey brings with him a depth with detailed understanding of the market. Oberthur Technologies expertise in the field of secure technologies oversees systems development, solutions and services for smart cards and for secure identity documents, traditional and electronic.

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VTB Bank Uses NCR Software for One-to-One ATM Marketing

VTB 24 Bank Russian financial services is improving its one-to-one ATM marketing campaigns using NCR “APTRA Relate.” Implemented by NCR and MultiCarta, the software provides engineering and processing support to a bank’s financial operations, allowing VTB to extend the functionality of their ATMs and create marketing campaigns based on customer data taken from the CRM system. The software will help the bank engage in a personalized dialogue with its more than 300,000 customers and sell more financial products. MultiCarta started to develop VTB’s in-house solution to interface with APTRA Relate and to install the solution jointly with NCR on more than 1,000 NCR ATMs.

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SecuTrans to Run Hypercom EMV Payment App

SecuTrans Bank Card Service credit and debit card merchant service provider is set to deploy the Hypercom “Optimum” countertop and mobile payment systems with “SPOS32 MSR/EMV” software application to its merchant customers. This was selected in head-to-head competition with other global payment providers for undisclosed financial terms. The PCI approved and Interac-certified Optimum fixed countertop and mobile payment terminals in Canada include the Optimum T4210 (dial), T4220 (Ethernet with dial), T4230 (GPRS with dial) countertop and M4230 GPRS and M4240 Bluetooth mobile card payment terminals. SecuTrans Bank Card Service cooperates with industry leaders and offers secure, flexible and affordable bankcard processing products and services to Canadian merchants.

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Habib Bank licenses Misys Platform

Habib Bank has licensed Misys “BankFusion Equation” to help it improve online banking services and serve its trade finance, treasury and retail customers more effectively. The “BankFusion Equation” core banking solution will ensure Habib Bank maintains its lead in banking in Pakistan. It will enable the bank to enhance operational efficiency and increase its ability to respond quickly to customers’ needs. The bank will be able to bring new products to market more rapidly and improve compliance with local banking policies and regulatory requirements.

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Western Union to Acquire Finint Money Network

Western Union has signed an agreement to acquire Finint money transfer network agents. Finint manages more than 10,000 subagent locations across Italy, Spain, and the United Kingdom. Western Union currently owns 30 percent of the company and will acquire the remaining 70 percent. The transaction complements Western Union’s acquisitions of leading European network agents FEXCO in 2009, and Angelo Costa S.r.l. earlier this year.

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PayPal Embarks on New Market with Digital River

Digital River global e-commerce solutions announced PayPal is leveraging its “Digital River World Payments” solution to support local online payment processing in Brazil and Mexico. This geographic expansion adds to the companies’ existing relationship, which now includes payment services across multiple continents. In addition to offering relevant payment options in more than 190 countries and over 170 transaction and display currencies, the “Digital River World Payments” solution features a wide range of customizable services for managing the complete payment lifecycle. These services include checkout page optimization, real-time fraud detection, solutions to manage PCI exposure and currency risk, as well as advanced back-office reconciliation services and business intelligence tools.

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