Aramor Payments Offer E-Commerce Sites Payment Alternatives

As many are choosing to not use credit cards to make purchases on Web sites, with holiday credit card use at only at 28%, Web sites need to find payment alternatives that let consumers use their personal checking accounts to pay for goods and services. Among these alternatives is ACH processing, allowing e-commerce sites to obtain funds from a person’s bank account. Also, sites are deploying Check 21, in which a photo is taken of the check and sent electronically through banking systems, resulting in faster payment and notification of returned checks and thus expediting the check-clearing process. These allow merchants to reach a wider audience as more are putting away their credit cards.

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Amergence, Altitude Organic to Implement CannaMerchant.biz POS

The Amergence Group’s Altitude Organic Licensing Corporation has signed a 2-year joint-venture contract with Adilas Corporation to implement “CannaMerchant.biz” POS software systems. Altitude Organic stores receive a $97-$187 monthly price on “CannaMerchant” depending on volume. The Altitude Organic Corporation generates revenue within the fastest growing industry in the United States. The company generates revenue by licensing its Altitude Organic Federal Trademark and seed-to-sale business services to dispensaries in Colorado and California.

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TSYS and CASSIS International Ink mNFC Partnership

TSYS has partnered with CASSIS International to provide secure mobile payment, loyalty and commerce functionality. Globally certified by Visa and MasterCard, CASSIS serves banks, retailers, transit operators and mobile service providers and will allow TSYS to provide secure mobile payments, loyalty, rewards and coupons to its bank and merchant customers on a full range of mobile solutions. This also helps CASSIS further achieve a global TSM network to make mobile NFC safe and profitable.

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SwiftKnowledge Launches Pre-Built S-A-S Banking Analytics

SwiftKnowledge web-based business intelligence (BI) software is deploying its “SwiftKnowledge for Banking On Demand” cloud computing-based suite. This will help banks identify and manage risk; enhance customer insight; and improve product, pricing and channel efforts. The “SwiftKnowledge for Banking On Demand” platform offers pay-as-you-go pricing, fast deployment, support of industry standards, reduced in-house IT support requirements, and out-of-the-box integrations with major banking core processors. It also provides greater visibility so bankers can better predict, prevent and respond to critical opportunities or challenges. It integrates with any core or ancillary banking system, and provides the key BI applications needed to run today’s finely tuned bank.

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Mercator Examines PCI Fraud and Prevention Methods

PCI risk managers are implementing new fraud prevention for authentication at the moment the transaction begins. As fraudsters become more sophisticated so must payment processes evolve, but global fraud is at a relatively low and stable rate. This, according to a new Mercator Advisory Group report “The Evolution of Payment System Risk Management: And the Changing Dynamics of Credit Card Fraud Prevention,” also shows fallout from security breaches has stimulated the industry to innovate with a paradigm shift amidst the conceptualization and implementation of payment card data security. The report assesses selected available statistics about card fraud as reported by various reporting bodies around the world, presents the discussion of how fraud prevention paradigms are shifting to incorporate emerging technology in the market, as well as more sophisticated schemes by fraudsters.

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Synovus Receives 13 National Customer Service Awards

Synovus financial services was recently honored with 13 National Awards from the 2010 Greenwich Associates Excellence in Middle Market and Small Business Banking program. These recognitions include Overall Satisfaction, Relationship Manager Performance, Website Performance, Treasury Management, Accuracy of Operations, Customer Service and Product Capabilities. In the Small Business Banking category, Synovus was recognized for Overall Satisfaction, Personal Banking, Relationship Management Performance, Financial Stability, Branch Satisfaction and Treasury Management. In the South Regional segment, Synovus was recognized for Overall Customer Satisfaction and Treasury Management.

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Plastyc Closes Investment For Prepaid Growth

Plastyc Internet and mobile money management platform for the underbanked closed strategic investment by Core Innovation Capital to build out additional services for Plastyc’s own customers. Improving the “iBankUP” money management service and “UPside” line of prepaid VISA cards, this will also facilitate financial institutions looking to serve the underbanked on a cost-effective platform. Plastyc and this investment address fast-growing demand by the underbanked for responsible financial services, a market of 60 million people in the U.S. This also targets the millions more Americans experiencing difficulty getting credit cards due to the Credit Card Act of 2009 and can’t afford checking accounts due to fee increases, as reloadable prepaid cards subsequently have seen a growth of 60% annually since 2007.

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NCR Sees Revenue Up $1.4B in Improving Times

NCR Corporation is keeping up with the Jones, having reported for the three months ended December 31 a revenue of $1.4 billion, up 5% from the year ago period. NCR sites this performance as having regained leadership in innovation in a number of areas both in hardware, such as our unrivaled scalable deposit module, and software, such as the great progress we made in converged channel solutions. In the Americas region alone, revenues were up 12% thanks to higher product sales to customers, especially across the United States, the Caribbean, and Latin America, while across EMEA region revenues were up only 2%, citing the same reason, especially in the financial services and retail and hospitality industries. However, revenues were down 5% in the Asia-Pacific/Japan (APJ) region thanks to lower product sales. Throughout the quarter, NCR signed agreements to install ATMs at hundreds of Chase locations in 2011, complete with its next generation “Scalable Deposit Module” (SDM) letting customers deposit both cash and checks; secured orders for nearly 6,000 NCR “SelfServ” ATMs from China’s top five commercial banks; partnered with Pace Communications to provide the e-mail marketing and preference center modules of the hosted NCR “APTRA eMarketing” solution; and renewed its agreement with NRT Technology to provide hardware support services for 1,300 NRT Ticket-in/Ticket-out (TITO) cash redemption devices across the United States. With these promising developments, NCR expects full-year 2011 revenues to increase in the range of 5-7% on a constant currency basis compared with 2010.

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MasterCard 4Q/10 Net Revenue Up 10.7% Y/Y

MasterCard 4Q/10 and full-year results are in. Regarding the former, the big guy posted a net income of $415 million up 41.2% year-over-year; a net revenue of $1.4 billion up 10.7% since the year ago period; and a purchase volume up 10.8% of $567 billion, with the 1.6 billion MasterCard cardholders having swiped 6.2 billion in purchases. Also for the quarter, the Card Association witnessed an increase in cross-border volumes of 18.7%; an 11.0% increase in gross dollar volume on a local currency basis to $752 billion; and pricing changes of approximately 5 percentage points. But with more money comes more problems, given total operating expenses increased 4.6%, to $869 million thanks to a 6.8% increase in advertising and marketing to $305 million and a 2.3% increase in general and administrative expenses. For all of 2010, MasterCard net income totaled $1.8 billion; net revenue was $5.5 billion, an increase of 8.6% versus 2009; and total operating expenses actually decreased 1.8%, to $2.8 billion since the corresponding period in 2009.

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Fiserv Slow & Steady, Sees Modest Performance Gains

Fiserv stayed the course and put up its financial results for the fourth quarter, showing $1.08 billion compared with $1.06 billion in the fourth quarter of 2009. Meanwhile, adjusted revenue for the quarter was up 2% to $1.03 billion compared with $1.01 billion in 2009 and GAAP revenue was $4.13 billion compared with $4.08 billion in 2009. The quarterly performance reflected a 3% growth in the Payments segment and 2 percent growth in the Financial segment. Throughout all of 2010, adjusted internal revenue growth was 1% thanks to the Payments segment having grown 3% and the Financial segment by less than 1%. This was in great thanks to the company having expanded its payments footprint with 163 electronic bill payment clients and 55 debit clients. The company signed 537 electronic bill payment clients and 218 debit clients in the year. With this, the Company sees good things in 2011 with adjusted internal revenue growth of 2-4% and an adjusted earnings per share to be in a range of $4.42 to $4.54.

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MoneyGram International and Movistar Partner

MoneyGram International has made available Movistar Remesas remittance through its 1,500 retail locations located throughout Spain. With this, it will provide a variety of communications services including phone and Internet access, Internet and phone cards and now money transfer services. Twenty-five shops have introduced MoneyGram services to-date and the company anticipates a gradual rollout of additional locations throughout the year. MoneyGram and Movistar officially launched their alliance, for which they will donate 10,000 euros each given to Proniño, the Telefónica Foundation-supported organization that works to eradicate child labor in Latin America, and to the Spanish Down Syndrome Organization.

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Sino Payments Executes TAP JV Funding

Sino Payments has executed a $100,000.00 line of credit note from the TAP Group for the TAP “ePayment Services” JV. According to the Hong Kong company registrar, 51% of the newly formed JV Company shares have been transferred to Sino Payments, Inc. TAP Group has already committed $20,000.00 USD of which $5,000 USD was received last week. Sino Payments and TAP Group completed the JV Agreement for TAP Group and Sino Payments to jointly pursue electronic payment processing projects for Asian stores throughout the Asian region.

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