Emida Deploys Global mWallet Service

Emida Technologies prepaid solutions announced its Cash and Transact (CAT) Mobile Wallet platform has been integrated with its industry leading Debisys direct top-up platform. The most difficult element of any m-wallet system, the cash-in network, is solved for all Emida customers in the 37 countries where Emida systems are deployed. CAT is specifically designed for developing markets where customers do not have bank accounts, credit or debit cards. CAT Mobile Wallet application is useful for loading cash, or e-value, to any phone to pay bills, pay for goods and services, get cash out, buy content like ring tones and airtime, play the lottery, and even shop on the internet using the cash on the phone.

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TNSPAY

Transaction Network Services “TNSPay” gateway solution now lets shoppers conduct online shopping through the Westfield online shopping mall. The Westfield online mall uses the TNS’ payments technology to offer the shopping center’s merchants end-to-end payment processing, authorisation and card transaction settlement to accept online shopping purchases. This offers the high availability, scalability and reliability required to process payments with major Australian and global banks. The “TNSPay” gateway incorporates processing alternate payment types (PayPal) and helping combat payment fraud while TNS payments extends to more than 40 countries.

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Blackhawk & eBay Roll Out Prepaid Cards

Blackhawk Network prepaid and financial payments products for consumers and businesses has partnered with eBay to offer premium prepaid cards. Blackhawk Network’s “Gift Card Mall on eBay” will include a variety of branded prepaid cards in dining, entertainment, fashion and home improvement categories; including the eBay gift card, which consumers can use to shop eBay’s expansive selection ranging from tech to fashion. Customers will receive free standard shipping on purchases made from November 24 through December 15, 2010. Blackhawk Network is a subsidiary of Safeway prepaid and financial payments products for consumers and businesses while its “Gift Card Mall” offers popular prepaid gift card and telecom products to more than 165 million people each week through an exclusive network of leading grocery, big box, convenience, drug, and specialty stores.

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SOURCING ON DEMAND

AmBank has partnered with Ariba collaborative business commerce solution to drive savings and efficiencies across its operations in an effort to fuel long-term, profitable growth. To identify savings and improve process efficiencies, AmBank has tapped Ariba “Sourcing On-Demand.” This hosted solution can be quickly and easily deployed and combines the technology, expertise and services needed to create effective markets for direct materials and indirect goods and services with best practice processes that companies can implement to improve the effectiveness of their operations.

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AmBank Deploys Ariba Platform

AmBank has partnered with Ariba collaborative business commerce solution to drive savings and efficiencies across its operations in an effort to fuel long-term, profitable growth. To identify savings and improve process efficiencies, AmBank has tapped Ariba “Sourcing On-Demand.” This hosted solution can be quickly and easily deployed and combines the technology, expertise and services needed to create effective markets for direct materials and indirect goods and services with best practice processes that companies can implement to improve the effectiveness of their operations.

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Wells Fargo RDC Hits $1 Trillion Benchmark

Wells Fargo have deposited $1 trillion through its “Desktop Deposit” service. Letting business customers deposit checks from any business location at any time, “Desktop Deposit” helped Wells Fargo ranks No. 1 in remote capture volume and locations for 2010. Wells Fargo processed 12.4 million checks by remote deposit services in January 2010 alone, nearly double the volume of its next-closest competitor, including the remote deposit service provided by the former Wachovia Bank. Following its 2005 launch, about 500 business customers signed up for the Wells Fargo Desktop Deposit service and scanned 1.4 million checks. Enrollment and items deposited have soared by double-digit percentages each year since 2005. The momentum continued in 2010, reaching a total of nearly 13,000 customers who deposited 95.2 million checks through November. They also pushed the total dollar amount of Desktop Deposit checks deposited since 2005 to $1 trillion, with 306 million checks deposited.

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Credit Scores Drop 4 Points Since January

Credit scores hit an average 665 in November, down one point from the month prior and down four points from January 2010. This is due to average credit card debt of $7,336; $173,566 in home mortgage loans; $49,908 in home equity; $15,147 in auto loans; and $28,617 in student loans. However, credit card debt amongst consumers with a credit card was down 7% since January 2010, according to the CreditKarma.com “U.S. Credit Score Climate Report.” Consumers in 14 states paid down their credit card balances by more than the national average since January 2010, which includes Arkansas, Connecticut, Michigan and Kansas by 8%; California, Oklahoma, New Hampshire and Indiana by 9%; Oregon, Tennessee and Utah by 11%; Colorado and Nevada by 13% and Wisconsin by 31%. Meanwhile, Alabama, Arkansas, Kentucky, Louisiana, Oklahoma, South Carolina and Tennessee have an average of fair to poor credit scores of 650 or lower; Massachusetts has the highest credit scores nationally of 684; and Alabama and Arkansas have the lowest credit scores, both averaging 641. This comes at time TransUnion’s proprietary Credit Risk Index (CRI) declined for the third consecutive quarter by 0.9% in 3Q/10 and now stands at 126.79. The CRI dropped 87 basis points (from 127.66), pushing down consumer risk to a risk level not witnessed in the U.S. since 1Q/09 thanks mostly to fewer borrowers delinquent on one or more accounts and lower outstanding debt. This, coupled with a 6.5% increase quarterly compounded demand for credit, suggests consumer credit activity will be stronger in terms of quality and volume. The indicator is 1.9% lower than in the year ago period, with 43 states and the District of Columbia having experienced declines in their respective credit risk indices. This is also in addition to earlier findings Indiana and Tennessee credit debt was down by 10%; Oregon by 11%; Nevada by 12%; Hawaii and Idaho by 13%; and Wisconsin credit card debt dropped by 28% back in September for a national credit score average of 666, down three points since January, when Massachusetts and New Jersey had the highest credit scores nationally with an average of 684(CardFlash Library, 2010/11/10, 2010/11/17).

2010 CREDIT SCORES
JAN: 669
FEB: 669
MAR: 671
APR: 670
MAY: 669
JUN: 668
JUL: 670
AUG: 668
SEP: 666
OCT: 666
NOV: 665
SOURCE: CardData.com

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TSYS Announces Executive Promotions

TSYS promoted David Chew, John Dale Hester, Bruce Jones, Daryl Seaman and Marie Williams to the Group Executive level. David Chew joined TSYS in 2006 as senior director in Finance with an initial focus on TSYS Europe and brings to his new role 24 years’ experience. John Dale Hester joined TSYS in 1992, working in development for the “TS2” payments platform. Jones was most recent responsibility consisted of leading the application management area, which controls day-to-day production support and service management across most of TSYS’ mainframe applications and distributed systems, and has been with the Company for 22 years. Daryl Seaman joined TSYS in 2007, bringing with him 25 years of experience in processing and international activities and spent his first two years at TSYS directing the Prime applications staff as the platform transitioned from its licensing roots to a fully outsourced processing service for issuers and acquirer clients in 14 countries. Marie Williams is a 26-year veteran of TSYS, with a major portion of her career spent in consumer client support, and for the past eight years has served as a senior director in Consumer Services.

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MASTERCARD BOARD

President Festus G. Mogae of Botswana has been appointed to the MasterCard Foundation Board of Directors. President Mogae’s career is distinguished by achievements that advanced economic and social progress in Sub-Saharan Africa. President Mogae led the Republic of Botswana from 1998 to 2008. In 2009 President Mogae accepted the position of Special Envoy of the United Nations Secretary-General on Climate Change, a role that culminated with his participation in the UN Climate Change Conference in Copenhagen. President Mogae spent the past year as the African President-in-Residence at Boston University’s African Presidential Archives and Research Center. He also served as Vice President, Minister of Finance and Development Planning, and Permanent Secretary to the President and was the Alternate Governor for Botswana at The International Monetary Fund, The World Bank and The African Development Bank.

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Open Payment Processing Volume to Hit $35b by 2015

By 2015, more than US$35 billion in gross dollar volume (GDV) will flow through open payments platforms globally—up from US$3 billion in 2010. The extent to which the open model accelerates the inclusion of new types of payments originators, channels, and applications can significantly affect a payment provider’s exposure. This, according to a study conducted by the Aite Group, also indicates current platforms are more robust than earlier platforms and rather than being limited to its own resources to devise and implement new use cases and applications, the platforms are essentially deputizing an army of software developers and entrepreneurs to develop innovative uses for the payments system. Major platforms to offer its collection of payments-enabling technologies include Amazon, IP Commerce, Ixaris, MasterCard, PayPal, and Visa by allowing the software-developer community to freely incorporate payments capabilities into their applications.

PROJ OPP $ VLM
2010: $3 billion
2011: $9 billion
2012: $15 billion
2013: $21 billion
2014: $29 billion
2015: $35 billion
SOURCE: Aite

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