Bank of America Introduces New Banking Channel

Bank of America introduced its eBanking solution for customers who prefer to bank through electronic channels and receive their statements online. With this, customers who make deposits and withdrawals through Bank of America’s electronic channels and receive online paperless statements pay no monthly maintenance fee, regardless of their account balance or number of transactions in a given month. Otherwise, the customer pays for the value of the account through an $8.95 monthly maintenance fee. eBanking customers can take advantage of the nearly 13,800 deposit image-enabled ATMs across the country allow customers to feed checks and cash directly into the ATM slot and receive an image of their deposit on their ATM receipt; online banking; online bill pay; mbanking and text banking.

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Cubic Celebrates One Millionth ‘Go Card’ Milestone

Cubic Transportation Systems – Australia, a subsidiary of CA-based Cubic Corporation, celebrated the issuing of the one millionth “go card” in July. The Cubic-installed and operated “TransLink” smartcard ticketing system in South East Queensland was fully installed across TransLink buses, ferries and rail in mid 2008. The TransLink network covers an area of more than 10,000 square kilometers, from Brisbane to Coolangatta on the south coast of Queensland, up to Gympie and west to Helidon. The state’s Transport Minister Rachel Nolan, who attended the July ceremony with the Premier, said the smart card take-up rate had been phenomenal, with the 100 millionth go card trip being taken last month, less than two years after the roll-out was completed. With this, the number of trips taken using the go card had shot up from 33% to 60% over the past year. Between January and March 2010 there were 23.6 million go card trips, more than double the amount for the same period last year.

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eLayaway Appoints New Spokesman

eLayaway layaway payment processor has appointed former Kansas City Chief Marcus Allen its spokesperson. Representing the Company, he will promote the eLayaway brand, help create consumer financial literacy initiative, and work to educate and encourage consumers on the benefits of “smart buying.” In doing so, he will promote the eLayaway service offering to encourage enabling “smart,” effective payment choices for consumers. Allen was chosen with the belief he will help capture mindshare and bring further recognition to the eLayaway(R) prepayment option.

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Wright Express to Process BP Fuel Cards

Wright Express payment processing and information management has inked agreements to process BP’s commercial fuel card transactions in Australia and New Zealand. BP is one of the world’s largest energy companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday items. Wright Express is a leading global provider of payment processing and information management services, capturing and combining transaction information from its proprietary network with specialized analytical tools and purchasing control capabilities in a suite of solutions that enable fleets to manage their vehicles more effectively.

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Online Resources Revenue Down $1.4mm Y/Y

Online Resources online financial services reported 2Q/10 revenue of $36.4 million, compared to the year ago figure of $37.8 million. Meanwhile, Ebitda was $6.0 million, compared to $8.4 million in the same quarter of 2009; adjusted Ebitda was $6.6 million, compared to $9.3 million in the prior year period; and core net income was $1.7 million, compared to $2.5 million in the same quarter of 2009. Projections show Online Resources 3Q/10 revenue will be between $34.6 and $36.6 million, Ebitda will be between $4.8 and $6.3 million, and core net income is expected to be between $0.01 and $0.03 per diluted share.

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Global Payments Processing Gateway Awarded

The Global Payments electronic payment processing proprietary “Global Transport” payment gateway was awarded as the Business Solutions magazine’s Best Channel Product, based on a Web survey of the Value Added Reseller (VAR) community. The “Global Transport” suite of products enables merchants, software developers, VARs and Original Equipment Manufacturers to use their Point-of-Sale (POS) applications to easily integrate with payment devices such as magnetic stripe readers, PCI-PED PIN pads, signature capture devices, and receipt printers.

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Hyundai Card Deploys FICO Transaction

For its 9 million cardholders, Hyundai Card is implementing FICO analytics and decision management technology with “Transaction Scores.” The “Transaction Scores” solution is based on a customer’s card usage patterns and updated with every transaction authorization, yielding a more precise and current assessment of customer risk and purchase behavior that can be used to target cardholder decisions. Hyundai also plans to use FICO Transaction Scores to match credit offers and rewards to a customer’s needs, improving response rates and increasing customer satisfaction. The Hyundai Card implementation will be modeled on the FICO “Falcon Fraud Manager 6” scoring engine.

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ProPay Consulting Advises on PCI DSS

ProPay End-to-End Payment Security, credit card processing, and electronic payment services has launched its professional services, allowing merchants to navigate security and regulatory compliance requirements. For this, ProPay’s training program allows companies to schedule onsite training with ProPay’s experts. Companies seeking guidance on payment security issues can engage consultants with extensive expertise and experience in the industry. Companies striving to stay informed on existing and forthcoming data security and privacy issues facing merchants can take advantage of ProPay’s research and analysis capabilities.

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Diebold Centralizes Auction House Security

Diebold has partnered with Christie’s Auction House to centralize its security operations, reduce risk and improve event response times across multiple sites. With this Diebold designed a new command and control center for Christie’s Rockefeller Center headquarters in New York City. The location houses extremely valuable collections of fine art, jewelry and collectibles for storage, display and sale at auction. Diebold’s design integrated new video surveillance technologies with legacy systems, replacing Christie’s original analog-linked video system with a video display wall that’s digitally connected to cameras, digital video recorders (DVRs) and a custom-programmed touch-screen control system. The new layout puts any camera feed in an operator’s field of view with the click of a mouse. OH-based Diebold integrated self-service delivery and security systems and services employs more than 16,000 in nearly 90 countries worldwide.

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Sage North America Introduces On-Site Card Processing

Sage North America has introduced its “Sage Payment Boss” mobile tool, geared toward small businesses for payment receipt anytime, anywhere with credit card acceptance on a 3G enabled phone and a merchant account. The “Sage Payment Boss” mobile tool allows businesses to run card transactions for verification on the spot, complete with an e-receipt to the payee once the transaction is complete. When used with “Sage Billing Boss,” “Sage Payment Boss” helps small businesses to get paid immediately, tracking and managing their incoming cash flow in real time, monitoring their sales activities and reconciling their credit card transactions with their merchant accounts.

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Diebold Declares Third-Quarter Cash Dividend

The board of directors of Diebold declared a third-quarter cash dividend of 27 cents per share on all common shares. The dividend is payable on Friday, Sept. 10, to shareholders of record at the close of business on Friday, Aug. 20. OH-based Diebold integrated self-service delivery and security systems and services employs approximately 16,000 associates with representation in nearly 90 countries worldwide.

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