Citibank Colombia expanded its branch network in different cities Colombia, including in Envigado and Calima. This will allow Citi Colombia to increase its distribution network to 48 branches, 12 mini branches and 18 offices. In addition, there are currently 27 Citi Express centers in operation, which are part of the 130 that are planned to begin operation in April 2011. The branches will let customers conduct all traditional banking, such as opening and managing their accounts, paying public and private services bills, send remittance and access financial advisors.Details
ScanSource POS & Barcoding data capture and POS solutions has been named Elo TouchSystems’ 2010 North America Distributor of the Year: Highest Revenue. ScanSource and Elo have been partners for nearly 13 years, and today ScanSource is Elo’s largest distributor of touchmonitors, touchcomputers and interactive digital signage. ScanSource provides the largest inventory of Elo products, as well as sales and technical support for the company’s innovative solutions. ScanSource POS and Barcoding in North America, Latin America and Europe delivers AIDC and POS solutions; Catalyst Telecom in the US, and ScanSource Communications in North America and Europe, provide voice, video and converged communications equipment.Details
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Allowing it to add real-time wire transfer solutions to its offering, Fidelity National Information Services (FIS) has bought NY-based GIFTS Software banking and technology, under undisclosed terms. GIFTS Software specializes in integrated funds transfer, Web-based cash management systems and anti-money laundering solutions. [/ihc-hide-content]Details
BlueStar ADC, Mobility, POS, RFID, Digital Signage, and ID & Security technology distributor was recently named Value Added Distributor of the Year for the Cherry Keyboard brand of ZF Electronics. BlueStar’s VAR partners have benefitted from Cherry’s POS keyboards with customizable color keycaps for easy visual recognition of common functions. Cherry also offers such security devices as FIPS 201-compliant keyboards and stand-alone devices, as well as biometric features and high-performance PCSC/EMV smart card readers. This is in recognition of BlueStar’s value-added distribution.Details
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The credit card monthly payment rate (MPR) wasn’t swimming upstream for the December collection period, improving with all other card payment variables to 14.66%. This second straight month of improvement is after hitting a 31 month high of 19.65% back, is a 3.5% decrease from the year ago period and finally…Details
FIS posted financial results for the quarter and full year ended December 31, the former reflecting revenue of $1.4 billion. This is up from the $1.3 billion in revenue posted in 4Q/09.
Also, net earnings from continuing operations totaled $121.3 million for the quarter, compared to the $52.3 million loss last year, while adjusted revenue increased 7.6% to $1.4 billion compared to adjusted revenue of $1.3 billion and increased 6.1% organically. Meanwhile, adjusted net earnings from continuing operations totaled $196.9 million compared to adjusted net earnings from continuing operations of $168.9 million in the year ago period.
Throughout 2010, GAAP revenue for the full year 2010 was $5.3 billion compared to $3.7 billion for full year 2009; net earnings totaled $447.6 million; adjusted revenue increased 4.2% to $5.2 billion, compared to adjusted pro forma revenue of $5.0 billion in 2009; and adjusted net earnings from continuing operations totaled $711.1 million compared to adjusted net earnings from continuing operations of $395.2 million in 2009.
This performance was due in part to FIS having completed the acquisition of Capco; the acquisition of Metavante; and Company expansion into Brazil. Subsequently, FIS is projecting a 2011 revenue growth of 9% to 11%.Details
Crédit Agricole selects Gemalto digital security to support its NFC mobile payment solutions in Nice, as part of the “Nice, Ville NFC” initiative in which Crédit Agricole Provence Côte d’Azur offers NFC-payments through mobile phones. Customers of Crédit Agricole Provence Côte d’Azur can subscribe to the NFC payment method at their local branch. Gemalto supplies the Trusted Service Management operated services allowing for the secure deployment and management of mobile contactless payment, regardless of the mobile network. Its experience in the personalization of banking cards and the remote deployment of services is facilitating convergence between the mobile and banking worlds.Details
Fiserv financial services technology solutions announced Liberty Bank of Springfield, MO is implementing its “Premier” bank platform to process accounts in an in-house environment. It includes account processing services, online banking, electronic document management and bill pay on a mature service-oriented architecture (SOA). The platform provides open integration, agility, efficiency and ease-of-use, letting the bank collect data from multiple sources. Other Fiserv products Liberty Bank deployed include “Retail Online” for Internet banking, “Mobile Money” for mobile banking, “WireXchange” for wire transfers and “CheckFree RXP” for bill pay.Details
FISTM banking and payments technology has changed William P. Foley II from executive chairman to non-executive chairman of the board, effective immediately. Foley served as executive chairman of FIS since February 2006 and requested the transition to non-executive chairman to devote more time to additional business opportunities and commitments. Foley oversaw the Metavante integration project since the get-go and is confident the team will continue to advance strategy without his executive leadership.Details
OpenTrust Next-Gen IT security software publisher, announced new customers have joined its client base in Switzerland within the last month. These include the UCI, which published a new protocol for frame and fork testing using OpenTrust Managed File Transfer (MFT) as a Cloud-based Web service to transmit documents securely over an encrypted network, the CHUV university hospital in Lausanne has also selected OpenTrust to securely exchange medical information throughout the establishment, and the international operations of a Global Consumer Goods company selected the OpenTrust PKI suite to secure its Private Cloud infrastructure. OpenTrust security software leader is dedicated to developing flexible solutions designed to help meet complex security challenges and establish agile, end-to-end trusted IT infrastructures.Details
Fred “Bud” Bockoven, CFCI, has been appointed Evolution Benefits (EB) electronic benefit payment services and software VP, Sales. A former P+W Software executive with over 30 years’ industry experience, Bockoven will focus on Evolution Benefits’ “PayDirect” benefit administration software in the national consumer directed marketplace. Prior to P+W Software, Fred was with the Hartford and Associated Risk Services. He holds a B.S. from Syracuse University and his M.A. in Management and Public Affairs from Webster University.Details
Adyen next generation Internet payment solutions’ payment platform has been selected by Spil Games online gaming and will integrate streamlined payment services into its social-gaming platforms. Spil Games owns and operates a localized global network of online social-gaming platforms. The company is ranked as a top 60 most-visited online property in the world and attracts over 130 million unique visitors to its social gaming platforms each month. With this network of online social gaming platforms tailored to girls, teens and families, offered in up to 19 different languages, Spil Games required an Internet payment service provider with the capability to adapt to the specific requirements of local markets around the world and support multiple payment methods. Adyen will offer its single-click Internet payment process, which can be viewed on a single screen using Ajax technology.Details