GTCR to Sell National Processing Co

GTRC has signed a definitive purchase agreement with Fifth Third Processing Solutions to sell its National Processing Company (NPC). NPC merchant acquirers provides integrated electronic payment solutions and services targeted exclusively toward the small to medium sized enterprise segment. Through its broad distribution network and more than forty years experience in the payments industry, the payments processing business will extend Fifth Third Processing Solutions’ ability to provide best-in-class capabilities to its client base and will expand the Company’s already strong commitment of providing innovative electronic payment solutions to a more diversified client base that will now include ISOs and agent banks.

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NACHA Secures Vault Payments to Commercialization

NACHA Electronic Payments Association announced that Secure Vault Payments (SVP) will move into full commercialization following a pilot designed to assess the feasibility of SVP. Supported by eWise’s Online Banking ePayments (OBeP) platform, financial institutions, merchants, billers, payment gateway providers, and core payment processors have embraced SVP as a payment solution. NACHA will continue to serve as the governing body for SVP, creating, maintaining, and enforcing the use of SVP through the NACHA Operating Rules and business rules specific to SVP. eWise, as the exclusive switch operator and technology provider, will oversee all sales, marketing, and implementation activities necessary to fully develop the SVP network. Significant increases in sales and marketing activities have begun with the addition of dedicated sales and marketing teams to drive further adoption of SVP by financial institutions, merchants, and billers.

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Wright Express Completes Acquisition of Retail Decisions

Wright Express has completed its acquisition of the Australian assets of Retail Decisions consisting of its fleet and prepaid card businesses from Palamon Capital Partners, a private equity firm, and its co-investors Morgan Stanley Alternative Investment Partners and AlpInvest Partners. With this, Wright Express will advance its long-term vision of providing both payment processing and card issuance services internationally. In addition, the acquisition furthers the company’s strategy of expanding its footprint in key international markets and diversifying its revenue.

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MasterCard Partners With Delta For Co-Brand Debit Card

Delta Air Lines and MasterCard Worldwide have implemented their brand partnership to offer the co-branded “Delta SkyMiles Debit MasterCard.” The comprehensive debit card program offered to Delta customers, the two companies will now work over the next several months to build a national network of financial institutions to offer the Delta SkyMiles Debit MasterCard through local bank branches across the United States. The “Delta SkyMiles Debit MasterCard” allow users to earn Delta miles on qualifying purchases; provide access to hundreds of merchant-funded discounts; purchase protections such Extended Warranties and Satisfaction Guarantee; and is available as Platinum Debit MasterCard, World Debit MasterCard and Debit MasterCard BusinessCard card.

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Western Union Launches Easier Payments Service

The Western Union Company has introduced its enhanced walk-in payments service, offering formless payment for speed and convenience for same-day, next-day and second-day payment options. Throughout its U.S. network of 4,000 biller payment receivers, consumers will enjoy “one stop” convenience for mortgage, auto loan, credit card, utility, insurance, telecommunications and more. This is meant to complement Western Union’s web-based and text payment options, supporting its commitment to being an industry innovation leader in comprehensive payments solutions for consumers. Western Union has also eliminated the need for consumers to enter non-intuitive biller codes to make their payments for additional ease.

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Bluepoint & Access Softek Launch mBanking RDC

Bluepoint Solutions RDC, image-based item processing and enterprise content management (ECM) software has partnered with Access Softek banking solutions for financial institutions to offer community banks m-banking. Seamlessly integrating mobile remote deposit capture capabilities, the integration with BluePoint’s “QwikDeposit To Go” mobile remote deposit capture into a single application is meant to provides a more robust and user-friendly experience for the end-user. the integration is powered by Mitek Systems “IMagePROVE” technology to offer a complete mobile application to account holders to perform traditional banking services and deposit checks.

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Heartland Named to InformationWeek 500

Heartland payments processor has been named a top technology innovator for the fourth year in a row by InformationWeek, ranking among the top 200 companies on the InformationWeek 500. Heartland was namely honored for its “E3” end-to-end encryption technology designed to protect sensitive credit and debit card data from the moment of card swipe or key entry and rendering information useless to cybercriminals in the event of a compromise. E3 charges no extra fees or large equipment investment. Since commercially launching E3 on May 24, 2010 at the National Restaurant Association-Hotel-Motel Show, 4,478 Heartland merchants have adopted the technology, demonstrating the commitment business owners across the country have made to securing sensitive data.

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mopay & Gate2Shop Launch Unbanked Shopping

mopay mobile payment solutions has partnered with UK-based Gate2Shop e-commerce solutions. With this, Gate2Shop will integrate mopay into its portfolio of payment methods and expand into mobile payments, offering clients a payment option especially designed to reach unbanked and underserved consumers. mopay allows Gate2Shop to offer mobile payments in more than 60 countries, enabling Gate2Shop clients to monetize the target group with limited access to bank accounts or credit cards. Gate2Shop e-commerce provides solutions for software, gaming and digital service vendors.

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CB

The Conference Board Leading Economic Index (LEI) for China increased 0.5% in July to 147.6 (2004 = 100), following a 0.7% increase in June and a 0.9% increase in May. Two of the six components contributed positively to the index in July. Meanwhile, the Conference Board Coincident Economic Index (CEI) for China, which measures current economic activity, also increased 0.5% in July to 187.3 (2004 = 100), following a 1.0% increase in June and a 0.9% increase in May. Four of the five components contributed positively to the index in July.

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MOPAY

mopay mobile payment solutions has partnered with Gate2Shop
e-commerce solutions. With this, Gate2Shop will integrate mopay into its
portfolio of payment methods and expand into mobile payments, offering
clients a payment option especially designed to reach unbanked and
underserved consumers. mopay allows Gate2Shop to offer mobile payments
in more than 60 countries, enabling Gate2Shop clients to monetize the
target group with limited access to bank accounts or credit cards.
Gate2Shop e-commerce provides solutions for software, gaming and digital
service vendors.

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CB

The Conference Board Leading Economic Index (LEI) for China increased 0.5% in July to 147.6 (2004 = 100), following a 0.7% increase in June and a 0.9% increase in May. Two of the six components contributed positively to the index in July. Meanwhile, the Conference Board Coincident Economic Index (CEI) for China, which measures current economic activity, also increased 0.5% in July to 187.3 (2004 = 100), following a 1.0% increase in June and a 0.9% increase in May. Four of the five components contributed positively to the index in July.

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Global Payments & Verifone Bring mPayment to Canada

VeriFone Systems has announced Global Payments electronic payment processing will distribute and support the VeriFone “PAYware Mobile” secure card payment system in Canada, the first payment processor to offer the card processing solution for the iPhone in North of the border. Fitting snuggly over the iPhone 3G and 3GS to accommodate secure card swipes and offer lower-cost “card present” transaction fees, the “PAYware Mobile” card encryption sleeve will be made available immediately to Global Payments merchants. Incorporating VeriFone’s end-to-end encryption technology to ensures secure payment processing, the system currently incorporates a secure mag-stripe card encryption reader for iPhone and a PA-DSS validated App and has an EMV version on the way.

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