SafetyPay Partners With Major Brazil Issuing Bank

SafetyPay secure payment facilitator and clearinghouse for online shoppers, online merchants and banks worldwide has partnered with Brazil-based Banrisul to provide the bank’s three million customers the ability to pay with their own currency worldwide online. Banrisul’s partnership with SafetyPay supports its ability to provide customers the safest way to shop online. To date, SafetyPay has partnered and integrated with 23 financial institutions worldwide (with a combined customer base of 90 million).

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GoPayment and mophie Card Reader on iPhone 4

The all-in-one credit card reader and processing solution from Intuit and mophie is now available for small businesses that use an iPhone 4. The solution combines the Intuit “GoPayment” app and merchant account with the mophie credit card reader to let small businesses get paid fast on the latest iPhone with no arbitrary transaction limits that delay them from getting their money. The “GoPayment” app has processed more than $70 million in transaction volume and continues to be a leader in the mobile payments space in both growth and innovation since its introduction two years ago. It lets users create and sell from a list of frequently sold items, apply sales tax, and send customized receipts via text and e-mail with a map of where the transaction occurred, charging rates of 1.7% for card swiped; 2.7% for key entered; and 3.7% for non-qualified transactions.

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HANSCOM LOYALTY

Hanscom Federal Credit Union returned nearly $730,000 to its member-owners at the end of 2010 in the form of a Loyalty Dividend. The award total represents a 2.5% bonus on dividends earned and consumer loan finance charges paid over the year. Hanscom Federal Credit Union, headquartered at Hanscom Air Force Base, Mass., serves 44,376 members across the country and overseas through 14 branches, over 85,000 service centers and surcharge-free ATMs, 24-hour telephone service and a web-based branch. The credit union holds $850 million in assets.

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Cardtronics to Present at ICR Conference

Cardtronics non-bank operator of ATMs is set to present at the 13th Annual ICR XChange Conference on Wednesday, January 12. It will address security measures taken through its more than 11,700 surcharge-free ATMs on the Allpoint Network. Cardtronics operates over 33,500 ATMs for its account in the United States, the United Kingdom, Mexico, and the Caribbean, primarily with well-known retailers such as 7-Eleven(R), Chevron(R), Costco(R), CVS(R)/pharmacy, ExxonMobil(R), Hess(R), Rite Aid(R), Safeway(R), Target(R), and Walgreens(R). Cardtronics also assists in the operation of over 2,900 ATMs under managed services contracts with customers such as Kroger(R), Travelex(R), and Circle K(R).

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Lloyds & Swedbank Ink CLS Settlement

CLS Group Holdings AG announces that Lloyds Banking Group and Swedbank have become Shareholders of CLS Group, bringing the total number of banking and financial institutions as Shareholders to 72. The two banks join a group that comprises many of the world’s largest commercial and investment banking organizations. CLS links 17 of the world’s central banks and many of the world’s leading financial institutions. In 2010 CLS has settled an average daily volume of close to 800,000 instructions and a gross value in excess of US$4.1 trillion. In November it settled a new record volume of 1,936,790 sides in one day.

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Citi Cards Introduces New Card Reward Program

In response to customers’ feedback on what they want in a rewards card, Citi is launching its Citi “ThankYou Cards” credit cards, letting cardholders earn more as a member of the Bank’s “ThankYou Rewards” program. It gives additional point earning opportunities in select categories, no expiration of points at all, no fee for foreign purchase transactions and even complimentary companion travel. No matter which Citi card the cardholder chooses, the cardholder can earn bonus points and there is no limit to the number of points customers can earn. The qualifying cards include the original Citi “ThankYou” Card, Citi “ThankYou Preferred” Card, Citi “ThankYou Premier” Card and Citi “ThankYou Prestige” Card. Additional benefits let users earn 1 “ThankYou” Point for every dollar spent on purchases; earn a bonus for each year of card membership up to a maximum of 3%; earn 100 bonus points for enrolling in Paperless Statement; earn 100 bonus points for registering for Account Online; earn extra bonus points for shopping through the “ThankYou Bonus Center;” and charge no annual fees.

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Cabela Subsidiary Implements DocuLynx

World’s Foremost Bank, a subsidiary of Cabela’s Incorporated and the issuer of Cabela’s “CLUB Visa credit card,” has selected DocuLynx “Mercury” software solutions for its high-volume archiving and retrieval needs. This will let World’s Foremost Bank move to more cost effective business processes when it comes to managing and adding value to its high volume and transactional output. The software will also allow for reduced storage costs, quick and efficient access to archived data, and enhanced security features to protect customer sensitive information.

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OTI’s Subsidiary Expands International Presence in Europe

On Track Innovations contactless smart card solutions has entered into an agreement through its PARX subsidiary to acquire the assets of Ganis Systems parking solutions to benefit its marketing and product offering. This will let OTI leverage Ganis’ existing projects and pipeline of opportunities mainly in the European and North American parking markets. OTI plans to bring its financial and implementation capabilities into selected projects and opportunities Ganis has built to offer its customers parking needs in the long term. For acquisition consideration OTI will pay Ganis $400,000 in cash and will issue to it 130,521 ordinary shares of OTI. The ordinary shares will be subject to lock-up, where 26,760 ordinary shares will be free from lock up seven months after the closing date and an additional 34,587 ordinary shares will be released from lock-up 12, 18 and 24 months after the closing date.

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Club América KicksOff Prepaid Soccer MasterCard

Targeting underbanked soccer fans, Club América and Denarii Systems have launched the “Club América Prepaid MasterCard” in the US. With this, Club América fans can now use the Club América Prepaid MasterCard to make purchases and pay bills while staying connected to their favorite team. The “Club América Prepaid MasterCard” also lets users send remittances with a text message from their mobile phones, through the website www.mitarjetaclubamerica.com or with a phone call to 1-877-836-0246. Additionally, cardholders can make ATM withdrawals, pay bills electronically and make purchases everywhere Debit MasterCard is accepted. The card is issued by MetaBank pursuant to a license by MasterCard International Incorporated.

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Thales Helps North Dallas Bank Protect User PINs

North Dallas Bank & Trust Co. chose Thales hardware security modules (HSMs) to help it move from outsourced PIN verification for ATM and debit transactions. With secure, in-house PIN verification, the bank has enhanced its service to customers with real-time balances while lowering its transaction costs. Using “S1 Postilion” software for processing and the Thales HSM 8000 to provide a secure processing environment, North Dallas Bank now verifies its customers’ PINs in-house. With this, each transaction posts quickly, increasing customer satisfaction by providing easy access to more accurate balance information. Because it controls its customers’ sensitive PIN information, North Dallas Bank is more confident that the process and its reputation are secure. As an added benefit, the bank has seen transaction processing costs go down significantly, helping to make ATM and debit services more profitable.

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Moneris Posts Over $10mm Savings Thanks to ACI

Moneris Solutions debit and credit card transactions has implemented ACI “Proactive Risk Manager,” abandoning its in-house processing system. The project integrated with the existing implementation of ACI “BASE24” for transaction processing, and now processes more than three billion transactions a year. The “Proactive Risk Manager” detects and manages merchant fraud, which has reduced identifiable fraud by 25 percent year over year. Meanwhile, the ACI “Acquirer” supports the full life cycle of merchant portfolio management, including merchant boarding, transaction acquisition, interchange fee qualification, settlement and statement generation. The “Proactive Risk Manager” can identify subtle patterns of fraudulent behavior by comparing deposit and authorization activity against the merchant’s historical activity.

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Green Dot to Present at ICR Conference

Green Dot announced that the Company will be participating at the 13th Annual ICR XChange Conference on Wednesday, January 12. It will address the Company’s prepaid financial services providing low-cost and convenient money management solutions to a broad base of U.S. consumers. Green Dot also owns and operates the Green Dot Network, a leading prepaid card reloading network in the United States. Consumers can access the Green Dot Network and use it for a wide variety of transactions, including cash loading onto prepaid cards and adding funds to a PayPal account through MoneyPak®. Green Dot sells its cards and offers reload services nationwide at approximately 50,000 retail stores.

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