MBNA Ireland Launches Credit Guide Website

MBNA Ireland has launched a new section of their website with plain English guides and information about managing credit and debt at http://www.mbna.ie/understanding-credit/. The section features guides on managing credit, providing tip on how to know when borrowing is getting out of hand; managing debt to offer advice on what can be done to cut spending; healthy credit and the importance of a good credit file and what things affect a credit score as well as tips on keeping a good credit report, getting hold of your report and general credit file information; understanding credit and how it works. The new site also lets users manage their various accounts online.

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Visa Named InsurCard Preferred Card Brand

Visa has been named InsurCard’s preferred brand for the delivery of payment for insurance claims. InsurCard provides the insurance industry with card-based solutions for the payment of claims, expanding the penetration of electronic payments, giving policyholders immediate, fund delivery. InsurCard offers insurers a turnkey program that can lower payment processing costs – saving up to 85% compared to the cost of issuing checks; improve cash control; enhance fraud protection; and boost customer service. The InsurCard Visa Prepaid cards can be used anywhere Visa debit cards are accepted, including ATMs, and are protected against loss or theft by Visa’s Zero Liability(2) protection. The card is issued by The Bancorp Bank and is specifically designed to meet the stringent requirements of both the insurance and prepaid card industries.

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Higher One Joins the Secure Vault Payments Network

Higher One Payments payment and cashiering solutions is joining the NACHA Secure Vault Payments network to offer the online payment method to its customers. The secure and private online payment network is designed specifically for the unique security and convenience requirements of online payments and e-commerce. It is offered through eWise to provide Online Banking ePayments (OBeP) technology and account management services. eWise is a payments and online financial management solutions provider with a reputation for providing innovative solutions that make transacting online easier and more secure.

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MBNA Sponsors Elementary Mathematics Project

Credit card provider, MBNA, has made available its “Tackling Numbers” Rugby-based scheme, designed to help seven to nine year olds better understand mathematics. In association with MBNA, the national campaign will use the game of Rugby to teach basic mathematics to schoolchildren throughout England and is to be implemented at more than 800 primary schools over the next three years. Each school will receive a full five-week program aimed at 4th graders. This will use traditional classroom sessions alongside rugby games to help children gain a better understanding of basic mathematics.

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cMoney Makes Top Executive Appoints

TX-based cMoney mobile phone-based payment and money transfer has appointed Krishna Kashyap Chairman of the Board, bringing with him over 25 years’ experience in global sales, marketing, business development and product development. He’s very seasoned especially in mobile payments, mobile software development, telecommunications, IP telephony, wire line, cable, wireless and Internet. His recent consulting assignments have been for clients including Obopay, Picsel, HearMe, KTF, Polaris Wireless and Tricastmedia to assist them with strategies for international market expansion. Also, Paul Matthews has been appointed CEO and a board member bringing with him a successful marketing and sales background, global strategic planning and business management. cMoney expects to continue to expand its Board of Directors over the next several months enhancing the Board’s capacity to provide strategic counsel, identify future management talent and assist the executive team in achieving the company’s operational and financial objectives.

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Nautilus Hyosung Deploys Jaguar Deposit Automation

Nautilus Hyosung has made available Jaguar Software’s image enabled ATM Gateway as a certified software option to customers who choose deposit automation enabled ATM technology. Nautilus Hyosung software engineering teams recently completed testing and certification of the Jaguar Software products, which offer complete check-imaging solutions including image POD systems specifically for the independent community bank. Jaguar Software’s proprietary software, MirrorImage check imaging system, currently interfaces with a variety of item processing transports including Canon, Unisys, Panini, Digital Check, and Seac Banche and is in use at more than 100 banks/ATM installations across the United States.

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MasterCard Supports Secondary Education Scholarship

The MasterCard Foundation and Equity Group Foundation announced a $50 million partnership that will provide secondary education scholarships and leadership development to 5,600 students in Kenya. The scholarships through the “Wings to Fly” program will cover tuition, books, uniforms and stipends for students who are academically gifted yet economically disadvantaged, enabling them to complete their secondary education. As a result of Kenya’s Free Primary Education Policy, primary school enrolment in Kenya dramatically increased from 5.8 million in 2003 to 8.6 million in 2008. Recognizing the critical importance of secondary education, the launch of the program comes at a time when the first class of students who began primary school in 2003 is now entering secondary school. In addition to comprehensive secondary education support, the young scholars will also receive leadership training, career guidance and mentoring.

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New Canaan bank takes on ‘foreign’ ATM fees

BNC Financial Group is reimbursing its account holders for ATM charges incurred at other banks, promoting to depositors and potential clients the idea they don’t have to bank at a large financial institution to avoid the costly fees. BNC Financial and Liberty did their due diligence and understand the financial impact of adopting such reimbursement programs. Customers of BNC incur particularly high ATM fees, being based out of a New York City commuter area, a City where the Bank has no branches nor ATMs.

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Visa Marks Further Expansion to Latin America

Visa puts some of the world’s most exotic and luxurious hotels and resorts at the fingertips of its Visa Platinum, Signature and Infinite cardholders in Latin America and the Caribbean with the launch of the Visa Luxury Hotel Collection (VLHC) benefits platform in the region. This new premium travel offering enables Visa affluent cardholders to find, book, and enjoy unique benefits at a hand-selected group of prestigious properties through the regional website in Spanish: www.visaluxuryhotelcollection.com.The Visa Luxury Hotel Collection offers cardholders access to a number of perks, which may include the best available rate, a room upgrade, VIP guest status, complimentary valet parking or internet access, a food and beverage voucher, complimentary continental breakfast, and late checkout privileges.

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Bluestar Partners With SATO for European Expanse

SATO has announced a pan-European distribution agreement with BlueStar POS, Mobility, RFID, Digital Signage, and ID and Security technology. This will provide European expansion for both organizations. BlueStar will distribute SATO products in the Nordic region (Sweden, Denmark, Finland, Norway), Germany, Austria, Switzerland, Iberia (Spain, Portugal, Andorra), France and Italy, where SATO is experiencing a significantly expanding reseller base. Its resellers will have a greater ability to offer their customers complete data collection and labelling solutions from a single source without long lead times.

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USA Tech Hits 109,000-Connections, Revenue Up 60%

USA Technologies wireless cashless transactions posted total revenue for the last quarter up 60% to $6.0 million compared to the year ago figure of $3.8 million. Meanwhile, revenue from recurring license and transaction fees was up 81% to $3.8 million compared to the year ago figure of $2.1 million and gross profit was $2.5 million, up 146% year-over-year on $1.0 million. This performance was thanks to the number of devices connected to its network having climbed a jaw-dropping 73% since last year to now connect 109,000 devices. Year-over-year, this realizes an 81% increase in license and transaction processing; cashless transactions processed having skyrocketed 94% to 15.9 million; processing volume having increased 75% to $26.2 million; and the number new USALive Network customers having boomed 81% since the year ago figure- 200 of whom were added during the past three months- totaling over 1,400 as of December 31, 2010.

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Small Business Confidence Drops From Mid-Year

U.S. small business confidence remained positive on the 108 HSBC Small Business Confidence Monitor. This demonstrates slightly renewed confidence from the year ago figure of 106 in 4Q/09, but is still not as high as it was in the middle of the year when it reached 120. The U.S. small business economic outlook has retracted over the past six months amid local economic growth concerns, with 80% of small businesses expecting the economy to remain the same or increase in the next six months and those expecting the local economy to grow having dropped to 14% from the 32% in 2Q/10. Subsequently, 76% plan to keep the number of staff unchanged. Additional HSBC findings show the number of U.S. businesses involved in international activities over the next two years jumped from 11% to 16%; 43% see an increase in local economic growth and 33% are planning to hire in 1H/11. Moreover, 32% of U.S. small businesses anticipate an increase in capital expenditure plans over the next six months versus 33 percent in 2Q2010.

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