Cantor Gaming has appointed Coreen Sawdon CFO to oversee strategic management of accounting and finance operations at Cantor Gaming. She joins Cantor Gaming from Shuffle Master where she served as Acting CFO, SVP and Chief Accounting Officer. Prior to joining Shuffle Master, Ms. Sawdon held several positions at GES Exposition Services including Vice President of Finance. Ms. Sawdon started her career at Ernst & Young and subsequently held increasingly senior positions at Coopers & Lybrand and Arthur Andersen.Details
Increased optimism toward the economy and personal finances was up in October for the first time since May by 1.8 points to 87.5 on the Discover US Spending Monitor. With this, those rating the economy as poor remained unchanged for the third consecutive month at 57%; 49% feel economic conditions are worsening, down 2 points from September and falling below the 50% majority mark for the first time since June; and those disclosing they feel the economy is getting better was up 1.8 points to 27%. Meanwhile, Those who feel their personal finances are getting worse dropped to 47% from 49% in September and subsequently plan to cut out discretionary spending. Namely, 47% plan to go less to dinner or the movies; 49% plan to spend less on home improvements, down one point from September and 3 points from a year ago; and 47% plan to spend less on gym memberships and vacations, down one point from September and 4 points from a year ago. This might be because only 47% this month expect to have money left over after paying all their bills- unchanged since August, 80% of whom plan to have the same or more money left over, while 37% are expecting an income shortfall or added expense in the next 30 days.Details
Axxess Payments credit card processing has introduced its axxesspayments.com website to showcase its products and guide merchants through the large range of options available to them in payment processing and e-commerce. Axxess Payments wants to make potential clients aware of other ways merchants can serve customers better, while saving money compared to competitive offerings. Options such as wireless terminals, gift cards and business funding are ways businesses can continue to find efficiency and growth opportunities. Axxess Payments is known for their inexpensive credit and debit card processing rates, while providing standalone and wireless credit card machines, virtual terminal and Internet solutions. This, in addition to flexible payment options and round-the-clock tech support, sets the tone for customer service in the payment processing industry.Details
Philip W. Tomlinson, chairman of the board and chief executive officer of TSYS, will be presenting at the Wells Fargo Technology Conference in New York, on Tuesday, November 9, from 2:05 â 2:35 p.m. EST. Interested persons may listen to this presentation via a simultaneous Internet broadcast at tsys.com by clicking on the link under “Webcasts” on the homepage. The Webcast will be archived on www.tsys.com : for 90 days. TSYS outsourced payment services provides issuer- and acquirer-processing technologies for consumer-finance, credit, debit, loyalty and prepaid services in the Americas, EMEA and Asia-Pacific regions.Details
American Express will acquire Accertify. Providing solutions to help merchants combat fraudulent online and other card-not-present transactions on a hosted software application, Accertify offers merchants the option to outsource their end-to-end fraud management process. This development will allow American Express to broaden its fraud prevention services to merchants for transactions that take place on all networks. This will compliment well the current American Express fraud prevention tools such as Electronic Verification, Enhanced Authorization and Charge Verification, which help merchants evaluate the potential risk of e-commerce and card-not-present transactions on the American Express network.Details
Digital River global e-commerce has introduced a comprehensive stand-alone global e-payments solution for online merchants in markets, including e-retail, travel and entertainment, and online services. Designed to increase revenue and customer lifetime value, Digital River “World Payments” enables online merchants to manage the entire payment lifecycle through a single connection to a payment gateway, merchant account services or fully outsourced payment programs. Digital River World Payments offers relevant payment options in more than 190 countries and over 170 transaction and display currencies. The e-payments solution is built based on a modular approach, with the “Payment Advance” program that combines merchant account services with a customized set of local payment methods, real-time fraud detection, back office solutions and check out optimization services; “Payment Stream” payment gateway service that simplifies global connectivity; and “Payment Source” comprehensive outsourced payments program designed to accelerate global expansion through fully-managed distribution and reseller services as well as local payment acceptance.Details
TNS Smart Network has licensed ACI Worldwide payment systems to provide ATM and POS transaction switching to the Interac Network Debit gateway for its more
than 15,000 white-label ATMs. This will allow TNS to consolidate its position as an ATM provider outside of the traditional banking environment
and allows NRT to become a direct connector to Canadian National Interac ATM and POS Network. NRT will no longer be reliant on third parties for
connectivity to Interac’s Shared Cash Dispensing and Direct Payment services and will see its transaction costs reduced as a result. The ACI team of
experts will be working with NRT to assist them with certification services to ensure the company’s transactions are accepted by Interac and will provide a
future functionality for connection to VISA, MasterCard and American Express as well as new device acquiring.
Advanced Content Services MTP Ventures has entered into a Non-Disclosure Agreement with one of the largest card issuers in the United States toward a strategic collaboration for ServeNation’s “Give While You Live” program featuring a general-purpose, reloadable debit card with multiple applications. The Network provider is accepted in more than 185 countries worldwide with millions of locations for merchant acceptance and cash access for its global base of users. The ServeNation team has submitted materials to the provider for review and expects to announce its next steps in the coming days. Further, the team commits to shareholders to provide several updates in line with ServeNation’s benchmarks toward card launch in 2011. Its original launch date of June 2010 was moved in light of several key benefits which the card will now offer in its inception, along with strategic partnerships and executive attachments which the company feels will seamlessly act to ensure a strong advance to market penetration.Details
Citi announced was cited as “Most Improved Lender” in the 2010 Equity Lending Survey conducted by Global Investor/ISF magazine and rated the number one provider in the “Market Knowledge: Emerging Markets” and the “Operations: Trade Support/Settlement” award categories. Clients that responded to the survey with “Citi has extraordinarily stable portfolios.” “Excellent service and product knowledge.” “Innovative and very willing to work with you.” “Citi continues to improve its platforms year-after-year.” and “Always first into frontier markets and leads the development of the securities lending markets of Brazil and Chile.”Details
ICICI Bank has launched its “I-Express” instant cross-border money transfer option for non-resident Indians (NRIs). Available through the ICICI Bank’s
select partners in the Gulf countries, “I-Express” offers the sender the option of visiting any partner outlet for instant credit into the beneficiary
account maintained with ICICI Bank in India. Funds are instantly remitted and the beneficiary could withdraw the money immediately and are accessible
through the network of over 2,500 branches and 5,600 ATMs, apart from the over 55,000 Visa-enabled ATMs. ICICI Bank provides remittance to customers in 40
American Express will extend its philanthropic commitment to developing emerging leaders within the nonprofit sector with a five-year, $25 million funding commitment. The additional funds will be used to expand the American Express Leadership Academy and build partnerships with well-known leadership organizations including the Center for Creative Leadership. This in response to research showing 71% of Americans trust nonprofits more than they trust government or industry to address some of the most pressing issues of our time while 83% believe nonprofits do not always have the resources they need to invest in the growth and development of their employees, indicating a clear need for increased investment in nonprofit leadership.Details
Nelson and District Credit Union of Nelson, British Columbia has chosen to implement the Fiserv “Acumen” core banking solution through Fiserv Solutions of
Canada. This after a review of competing processors thanks to the “Acumen” transformational technologies that deliver ease of use; positive references
from the growing number of Canadian credit union leaders already having deployed the solution; and its fully integrated loan origination platform,
comprehensive 360-degree view of the member’s relationship with the credit union, and the ability to generate a wide range of reports with speed and ease.
The completely open platform also provides real-time processing and global capabilities which credit unions cannot outgrow.