MBNA

MBNA has won the “Data Driven Marketing Award” from industry publication ‘Marketing Week’ for its Marketing Optimization campaign. MBNA was given the award for its data analysis, data planning, improved targeting and revenue building within company systems. MBNA UK is a subsidiary of the Bank of America subsidiary and is namely being recognized for its understanding of the shifting financial landscape and the tailored nature of it’s varied credit card deals and offerings. MBNA ensured the success of their marketing optimization by teaming up with SAS business analytics software.

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FIS Posts Adjusted Revenue Up 3.3% Y/Y

FIS posted 3Q/10 GAAP revenue was $1.37 billion, compared to $828.7 million the previous quarter, and net earnings from continuing operations of $134.3 million, compared to $66.6 million in 2Q/10. Meanwhile, adjusted revenue was up 3.3% to $1.29 billion over the $1.25 billion in the year ago period and EBITDA was up 14.7% to $426.6 million compared to the $371.9 million in the corresponding period of the year prior. The adjusted net earnings from continuing operations totaled $176.7 million compared to adjusted net earnings from continuing operations of $89.2 million in 3Q/09. Adjusted free cash flow increased to $220.4 million compared to adjusted free cash flow of $132.8 million in the prior year quarter. This performance thanks in part to the migration of Banco Bradesco’s 14 million bankcard portfolio to the FIS proprietary “Base2000” card processing platform; an MoU to continue a JV with Banco Bradesco to acquire Capco alternative processing and remittance; and the acquisition of Metavante Technologies. With this, FIS will continue to pursue strategic alternatives for its item processing and remittance services and is anticipating a full year 2010 adjusted revenue to be at the high end of its guidance for 1% to 3% growth in constant currency with adjusted earnings per share from continuing operations of $1.95 to $1.99 in 2010.

FIS REVENUE
2Q/09: $1.260 billion
3Q/09: $1.290 billion
4Q/09: $1.316 billion
1Q/10: $1.259 billion
2Q/10: $1.250 billion
3Q/10: $1.290 billion
Source: CardData (www.carddata.com)

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HP PAYMENT

HP integrated its global financial messaging and transfer solutions for simplified, secure payments processing at Standard Chartered Bank. Enlisting the help of Software Integrators financial message and payment solutions, HP will provide Standard Chartered Bank clients a comprehensive payments hub. This will Reduce risk through real-time integration and high-availability software and hardware; separate systems from changing business and technology requirements; bridge disparate and incompatible legacy systems and network; and allow users to efficiently send and receive financial messages is a vital part of daily bank operations.

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AKBANK & VERIFONE

VeriFone Systems announced a major, multi-million dollar order from Akbank for 41,000 VeriFone payment devices for deployment. With this, Akbank will provide card payment processing services to more than a quarter of a million merchants through 26,000 VeriFone “VX 520” countertop systems; 10,000 of the newly introduced “VX 680” wireless portable handheld payment device; and 5,000 of the PIN-based and contactless payment-enabled PINpad “1000SE” customer-activated systems. The “VX 520” and “VX 680” payments solutions support varied merchant environments for the ever-changing market needs. The “PINpad 1000SE” offers a way to accept the latest in both PIN-based and contactless payment and supports a wide range of payment and non-payment contactless applications.

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Discover Partners with Moneris for Northward Expansion

Discover Financial Services and Canada-based Moneris Solutions merchant acquiring have signed an agreement to expand Discover acceptance in Canada. This will provide Moneris Solutions merchant customers access to the millions of cardmembers and billions in spending of the Discover and Diners Club International networks. This is part of Discover’s strategy to aggressively expand its acceptance footprint throughout Canada while providing cardmembers the option to use their cards at merchants throughout the country. The partnership will allow Moneris Solutions to offer Discover a way to provide merchants maximum business growth opportunities to the millions tourists to Canada. Moneris payment processing solutions offer credit, debit, wireless and online payment services for merchants in virtually every industry segment and processes more than three billion transactions annually.

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California’s Pulse Weakens on Less Spending

With 60% of Californians having forever changed the way they spend and save in the wake of the economic downturn, 74% have disclosed they feel in better control of their finances and more responsible in their borrowing and saving. Adjustments to their spending and saving include the 63% cutting down on credit card purchases; 55% reducing the amount of money they owe; and 54% postponing a major purchase. This, according to the latest Citi “California Pulse,” also found among the Californians cutting back, 71% cut back on going to restaurants; 69% on clothes shopping; 64% on travel; 62% on buying brand name items; 60% on going to the movies; 59% on spending for special days; and 58% on home improvements. Also, 91% say the economy in California is only fair or poor; 87% rate job opportunities in California as only fair or poor; 62% say their efforts to take a more active role in managing their finances is permanent; 58% of those aged 35-54 are somewhat or very concerned about their current level of savings for retirement; and 42% are in the same personal financial situation as a year ago.

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74% Fed up With Travel Rewards Cards

To shine the spotlight on air travel frustrations, such as lost baggage and flight delays, and help ease quell the frustrations these travelers experience on a daily basis, Capital One Financial has kicked off the Capital One Venture “Most Frustrated Traveler” Sweepstakes, in partnership with AOL’s “Gadling” travel blog. Additionally, among the 74% of credit card holders frustrated with their travel rewards credit cards, 46% are annoyed with the points/miles required to obtain an airline ticket; 31% are irate at number of points/miles they earn for each transaction on their card; and 15% have had enough of blackout dates. Until November 5 at Gadling.com, readers are invited to visit http://www.gadling.com/2010/10/25/are-you-americas-most-frustrated-traveler/ and submit a brief essay detailing their most frustrating travel moment. Five winners will be selected at random to win hassle-free trips and travel accessories. The grand prize winner will receive a free three day-two night trip for two to the destination of their choosing, including roundtrip airfare (within the continental United States). Second prize winner will receive a hassle-free travel essentials pack consisting of items such as a Garmin GPS and Bose noise cancelling headphones. Three runner-up winners will each receive a Marriott TravelCard to help rest and recuperate.

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Aptys Solutions Adds Senior VP, Product Management

ebbie Smart has been appointed senior VP, Product Management, with Aptys Solutions payments network. In her new role, she will work with customers, prospects, market analysts and industry leaders to define the vision for the Aptys suite of products by analyzing trends in current payment types, emerging payments and new regulations. She most recently served as senior consultant at ACI Worldwide, providing consulting services for financial institutions to facilitate the successful implementation, utilization and marketing of their online business banking products and services. Additional experience includes most recently having served as Community Bank Group GM, Global Payment Systems where she oversaw sales, marketing, customer service and product development for the group’s payments and cash management products and at Wells Fargo Bank managing operations for electronic payments and item processing.

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Visa Receives 2010 IBM Award for Innovation

IBM announced Visa is the winner of the IBM annual “Information on Demand 2010 Innovation Award.” Recognizing Visa’s leadership in using cutting-edge information technology and real-time data analytics to drive growth, prevent fraud, and improve the consumer payment experience, the IBM “Innovation Awards” are given out annually at IBM’s Information on Demand Conference to winners selected among thousands of clients using IBM technologies. With more than 1.8 billion Visa cards accepted at millions of retailers and ATMs around the globe, Visa’s “VisaNet” global network processes a growing number of increasingly complex electronic payments. The “VisaNet” retail electronic payments network processes more than 100 billion transactions each year representing more than $4.8 trillion in value.

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First Data & CardinalCommerce Intro Alt Payments

CardinalCommerce and First Data electronic commerce and payment processing have unveiled their new payment system for merchants with First Data “Compass” payment processing. This lets online merchants use their existing credit and debit systems to seamlessly accept and process alternative payments transactions and will significantly reduce the work required by merchants to accept alternative payment types in eCommerce environments. By integrating “Compass” and CardinalCommerce, merchants that accept PayPal now have the ability to process payments through their existing credit card infrastructure and can easily combine order management, customer service and reporting of each alternative payment type.

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G7 Announces New VersaCheck 2012

G7 Productivity Systems launched its new Windows 7 certified “VersaCheck” 2012 Finance & Check Creation software line to let users create high-quality full color checks with user-defined custom security features from standard multi-purpose cut-sheet printer paper in addition to traditional blank check paper stock. With “VersaCheck” software, users can manage finances and easily design and print checks that are 100% compliant with ANSI X9 specifications and check processing regulations in the USA as well as rules applicable for Canada and many other countries worldwide. The software works alone and seamlessly integrates with QuickBooks, Quicken, Peachtree and others to merge check data from financial software with a large choice of included pre-designed check templates or custom check designs which can be created by users with an included easy-to-use check designer. Also offering the “ANY PAPER” feature, “VersaCheck” lets users choose and print security check patterns with logos, graphics and pictures.

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Citi Software Solution Streamlines ERP-to-Bank Integration

Citi has launched its software solution from its Global Transaction Services business to simplify ERP-to-bank integration for users of its Citi “File Xchange” (CFX) host-to-host file transfer and translation service. The “CFX ERP Integrator” allows organizations to extract payment details from their ERP databases using a pre-configured template based on ISO 20022 XML market standards to reduce the time involved in the implementation process. The “CFX ERP Integrator” template comprehensively populates payment files for straight through processing by Citi without impacting a company’s existing payment processes and easily adapts to ERP customizations. The Integrator supports most payment types across more than 90 countries for straight through processing by Citi within its global footprint.

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