Fifth Third & 3i Infotech to Kickoff mCheck Deposit

Fifth Third Processing Solutions payment solutions provider is set to offer its mobile check deposit capabilities through its partnership with 3i Infotech information technology company. This lets users deposit paper checks anytime, anywhere by taking photos of them via their smartphones and submitting them through a secure electronic application provided by 3i Infotech. With “3i Infotech eCapture” mobile check deposit, Fifth Third Processing Solutions recognizes the intense customer demand for this service and is leading the way with this cutting edge solution for financial institutions of all sizes. 3i Infotech provides the application, updates core banking systems and validates check images for Check 21 compliance using Mitek Systems’ mobile “IMagePROVE” technology.

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Travelex Prepaid Distinguished as Best in Category

The Travelex “OceanPay” Program has been awarded the 2011 Paybefore Awards “Best in Category” winner in the Most Effective Prepaid Solution category. Selected by a panel of five industry experts who served as judges for this year’s competition, Travelex “OceanPay” was chosen for its currency exchange and money transfer services, companion cards, on-board card printing and encoding and free Internet connectivity. Paybefore Awards recognize excellence in the prepaid and stored value card industry with these awards presented annually by Prepaid Media.

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Prepaid Solutions Expands Prepaid Service

Prepaid Solutions has signed contracts for its “OceanPay” maritime payroll product with International Cruise Management Agency (ICMA), Apollo Ship Chandlers and The Image Group. The “OceanPay” proprietary, comprehensive payroll solution is designed to mitigate the unique challenges and concerns of existing payroll processes faced by the maritime industry. The fully turnkey solution provides currency exchange and money transfer services, companion cards, on-board card printing and encoding and free Internet connectivity.

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FNDS3000 closes on THIRD tranchE of equity financing

FNDS3000 international prepaid processing company currently introducing electronic payment solutions to the South African market has closed on a $500,000 private placement. The third scheduled tranche of the $2.5 million, non-brokered equity financing agreement, this financing was led by Sherington Holdings and, when coupled with the related financings completed in October 2010 and January 2011, this financing brings the total amount of capital received to date under the October commitment agreement to $2 million. The final tranche of $500,000 is expected to be closed on or before July 1, 2011, for which proceeds will be used as working capital to support continued growth of FNDS3000’s South African prepaid card business.

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ACH Alert Names VP, business development

Kim A. Bruck has joined ACH Alert as Vice President, Business Development. This after having served as Manager for Association Services Member Support for Viewpointe and Senior Director of Education and Annual Payments Conference for the Wisconsin Automated Clearing House Association (WACHA). Prior to working for Regional Payments Association’s, Bruck has over 20 years experience working in the financial industry both for banks and credit unions. Bruck has served on the National Automated Clearing House Association’s (NACHA) Network Entry Topics Risk Management Product Group, the Account Takeover Task Force with FS-ISAC and Internet Council.

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Microsemi Semiconductors Enhances LCD Displays

Microsemi semiconductor technology has made available its “LXMG1645” quad-lamp CCFL backlight inverters with the proven StayLITTM fault-management feature. Customers have a choice of two versions, supporting either a 12 volt (V) or a 24 V input source. The StayLIT feature enables multi-lamp displays to continue operating, even during individual or multi lamp failures. The LXMG1645 quad-lamp family brings the StayLIT capability to larger, more complex LCD panels used in health monitoring, ATMs and other mission-critical applications that require reliable, uninterrupted operation with consistent, evenly lit display quality.

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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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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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