Glory to Feature Casino Cash Management at NIGA 2011

Glory announced it will attend the Indian Gaming 2011 Trade Show and Convention in Arizona from April 3 ~ 5 to demonstrate its cash management products for casinos. Glory provides cash management solutions worldwide and will feature tools to facilitate this, such as the “SK-100A” kiosk for customers offering fast and accurate cash dispensing. It will also feature the PD-600 currency dispenser and the RBU-11 currency recycler are designed so that cashiers can redeem tickets and generate employee banks for floor attendants and F&B, both available for demonstration.

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CreditCall Launches E2E Encryption

CreditCall has launched its “CardEase Ultra” End-to-End Encryption (E2EE) solution providing fraud protection from the point of card acceptance all the way to settlement. This is designed to reduce complexity, time and cost for merchants to maintain or achieve their PCI DSS Compliance while making card payments more secure since the data does not exist in plaintext form.

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Bank of England Publishes Payment Systems Oversight

The Bank of England is publishing its “Payment Systems Oversight Report 2010,” an important element of its oversight work to establish how it implemented the statutory regime for oversight under Part 5 of the Act. It also addresses how the Bank carries out its oversight of the recognised UK payment systems. It reports on the key changes in the key UK payment systems and explains the focus of the Bank’s work in this field. The Oversight Report notes some areas where further measures to reduce potential systemic risks should be undertaken. They include Tiering; Payment arrangements for central counterparties; Default arrangements; Contingency arrangements; and Governance.

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TNS to Demonstrate Payment Gateway

Transaction Network Services is set to demonstrate the latest version of its “TNSPay” gateway service in the UK and Ireland, along with other key merchant payment solutions and products. The Expo takes place on March 16 and 17 and includes a dedicated exhibition and conference focused exclusively on cards and payments. The “TNSPay” multi-channel payment gateway service is pre-accredited by leading UK and Irish acquirers and lets merchants process EMV Chip and PIN, eCommerce, mail and telephone order transactions using a PCI DSS certified payment gateway.

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Xenomorph Data Management Expands in Apac

Xenomorph analytics and data management solution provider now supports capability in the Pacific with the relocation of two senior employees from the UK to Australia, including Chris Budgen, Chief Technical Architect and Founding Director, and Irina Taran, Senior Developer. They have moved to Melbourne and Sydney respectively to boost the company’s presence in and enhance Xenomorph’s technical support offering to regional clients.

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E-Debit Global & ebackup Ink JV

E-Debit Global has inked joint-venture agreements with ebackup to provide technical and marketing services for ABM, POS, OCB, E-Commerce and other Card Services throughout North America. To “Capital Six Limited” ebackup brings to the table additional owned computer and network infrastructure to create an end-to-end service model and facilitates lower cost placements and processing services allowing for better margins and automated management systems to maintain cost controls. ebackup “Cloud” based PCI compliant data centers and backup service providers offers cost effective and secure data asset protection through automated solutions that are fully scalable to its customer’s needs while E-Debit Global manages debit, credit and online computer banking.

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Flint Telecom Gets in on $8.2 Billion Remittance

The Flint Telecom Group subsidiary, Ingedigit International, is now a 40% shareholder in “Remit2Vietnam.” The Australian-based “Remit2Vietnam” markets prepaid debit card and remittance programs from Australia and the United States to Vietnam, seeking to tap the market of 1.6 million Vietnamese living in the United States and approximately 300,000 living in Australia. Over $8.2 billion dollars were remitted to Vietnam last year and is growing year on year. With these developments, Ingedigit International will provide the necessary program development and technical expertise and access to its existing prepaid debit card issuing bank relationships in the United States.

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Revolving Debt Back on the Slide

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After having seen an increase for the first time in 27 straight months for December to $799.7 billion- from $797.0 billion in November- revolving credit dropped 6.4% year-over-year in January to $795.5 billion. This after consumer credit debt dropped consistently for nearly 2 and half years from its peak of $973.6…

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Overdraft Fees Remain Flat

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The National median price of overdraft fees has held at $28.00 for the past seven months, up 11% since 2008. Banks with greater than $50 billion in assets are shedding the average consumer checking account thanks to the loss of the fee revenue from overdrafts. These findings, according to a recent…

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Discover & InteliSpend Forge Prepaid Issuing Agreement

Discover has inked agreements allowing InteliSpend Prepaid Solutions to issue and program manage prepaid cards on its network. This further enhances Discover’s prepaid cards with business-to-business incentive needs and expands its license for InteliSpend’s “DirectSpend SM RAN” process. The combination of the agreements provides for the issuance of point-based, commissionable RAN prepaid cards across the Discover network and sets the foundation for future program development for both companies’ clients and merchant partners. InteliSpend will process, issue and fulfill orders, take on risk and provide client and customer service support for Discover clients.

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Allpoint Surcharge-Free ATMs to Power Intuit

Cardtronics’ Allpoint surcharge-free ATM network has inked agreements with Intuit to provide surcharge-free ATM access at 43,000 Allpoint ATMs for all Intuit Refund Card and Intuit Pay Card customers. Intuit Refund Card and Intuit Pay Card enable a customer to deposit, respectively, their tax refund or payroll directly onto a prepaid card. Allpoint program cardholders have surcharge-free access to ATMs across the United States, Mexico, the United Kingdom and Australia at high-traffic retail locations.

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Lecere Launches Credit Card Processing

Lecere software development has made available debit/credit card processing through its “FIRMS” software, which has been integrated with the iPay POS mobile processing solution for card payment acceptance. The iPay POS solution supports the iMag, uniMag, Daily Systems, and the P25-Mi reader/printer and card readers. iPay POS is currently compatible with 35 gateways, including Authorize.net E-Commerce, Authorize.net Retail, Authorize.net compatible gateway, Evertec, MerchantGuy, PayPal Website Payments Pro, PlanetAuthorize, RedFin, SkipJack, and 26 others. More are being added as they become available.

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