CashEdge Launches Pay Other People Money Service

A new person-to-person payments service that enables banks to provide P2P payments from their online or mobile banking applications has been introduced. The “POPmoney” service includes an SMS text messaging application, as well as downloadable mobile applications, enabling banks to extend their P2P functionality to mobile phones. The new “Pay Other People” (POP) service was developed by NY-based CashEdge,
which processed nearly $50 billion in online funds transfers for bank customers in 2008. The Company also released a survey showing that 81% of bank customers would use a P2P service if offered; 77% would prefer a P2P service through their own institution rather than that of an independent online P2P service; 73% felt their bank would offer more security and 69% said their bank would offer more convenience.

Details

EMBOSS

The British Museum Company is set to deploy YESpay’s “EMBOSS” Payment
Processing in seven locations for 34 tills, providing PCI DSS-compliant
high speed payment service. The approved acquirer of EFT transactions
and payments will run the Museum Company’s settlement service with the
“EMBOSS” bureau service, allowing all transactions logged centrally in
real time during online authorization and translating to ‘no further
store intervention needed’. The British Museum holds in trust for the
nation and the world a collection of art and antiquities from ancient
and living cultures while YESpay global payments services company
provides secure and scalable EMV Chip & PIN, contactless and magnetic
credit / debit card, e-commerce and gift card payment processing services.

Details

Alliant CU Picks PSCU and mFoundry

FL-based PSCU Financial Services and CA-based mFoundry has been selected by IL-based Alliant Credit Union
to deliver mobile
banking to its 250,000-plus members. The mobile banking solution eliminates costly implementation processes by tapping into the
cooperative’s existing connectivity with multiple data sources. The
solution includes comprehensive 24/7 support by customer representatives
as well as turnkey marketing support. With more than $6 billion in
assets, Alliant Credit Union is the seventh largest credit union in the
U.S. Its members include employees, family and retirees of select
employer groups and organizations nationwide.

Details

CASHBOX ATMS

Cashbox has been awarded a contract to install an additional 125 ATMs
for the Mitchells & Butlers managed pubs, elevating the number
of its ATMs within the M&B establishments to over 270. In conjunction
with another, unnamed ATM supplier, the M&B ATM-ready sites will
transfer to Cashbox management over the coming weeks. The Company
initially started working with M&B following the acquisition of 141
machines announced on 7 July 2008. The ATM provider reported an
installed base of transacting machines of 2,838 on December 30, 2008, up
from 2,045 on June 30, 2008, with sufficient ATM stock in warehouse to
meet installation requirements for the remainder of the financial
year. (CardFlash International Library 2/2/09)

Details

AmEx Beefs-Up its Charge Card Programs

As the credit card business crumbles with soaring costs, American
Express is re-focusing on its charge card products, adding new features.
Among new features is the ability to set spending limits for additional
cards on one account. AmEx is also issuing the additional cardholder
cards with separate account numbers so that the entire account doesn’t
have to be closed when one card is lost. The Company is promoting the
new features to encourage families to add their teenagers (15 yrs +)to
their account. AmEx says for those over the age of 18, being an
additional cardholders on a parent’s account can build a credit history.
With the new features cardholders came receive emails or text messages
to alert them when a set spending amount is being approached or has been
reached on one of their additional cards. The primary cardholders can
also modify the spending amount anytime, online or over the phone.
Rewards are consolidated from all the cards on the account. AmEx has be
re-engineering its credit card business and reportedly paying some
cardholders to close their accounts.

Details

DIRECT TOP-UP

With 91% of operators intending to drive top-up transactions to
“virtual” non-cash top-up (NCTU) channels, Vesta Corporation electronic
payment solutions has released results of its recent independent
research study on prepaid top-up strategies and its value-adding
potential to the prepaid mobile market. With payment card penetration
growing exponentially across Europe, 100% of operator interviewees
intend to alter their POS systems from a bank centric to a direct
operator model, although less than 20% of the NCTU offerings analyzed
included handset-based top-up applications. The white paper, available
for download from www.trustvesta.com, concludes top-up frequency
using handset applications can be up to 80% higher than other channels
and shows implementation of a direct operator top-up strategy can bring
double digit revenue gains to reduced costs for hundreds of millions of
Euros generated annually.

Details

AIS Unveils a Lower-Cost Touch POS System

A new touch screen retail POS system has been unveiled with VAR pricing starting at $599. The new 15″ POS PC System is energized by the Intel “Atom N270” processor. The solution by American Industrial Systems
also features lower power consumption and fanless operation, open x86 architecture for third-party software and an optional magnetic card reader. It is powered by RS-232/USB com ports and an integrated GigaLAN Ethernet. AIS is known for its “POS2200” touch monitor/terminal which is specifically designed for harsh food service and retail conditions. A “SAW” touch screen enable employees to use a variety of interaction tools, from a finger to a pen or even a credit card. AIS specializes in designing and manufacturing LCD and embedded computing products for the industrial market, as well as ODM/OEM applications worldwide.

Details

OPENZONE

Cashbox is enabling all of its ATM sites as Wi-Fi hotspots, allowing
users to surf, work, game or make VoIP calls with any wireless-enabled
device using BT “Openzone”. Having inked a five-year contract with BT,
Cashbox is offering the wireless broadband service initially through
2,500 machines in Tiger Tiger sites in London, Manchester, Glasgow,
Cardiff, Digress, The Wall, Agenda, Abacus, Livery and Alibi bar
restaurants in the City of London. The 4.8 million BT broadband
customers with inclusive Wi-Fi minutes, O2 iPhone, iPass, Boingo and
other BT Openzone users now have access to 3,000 BT Openzone hotspots
included in their contracts. BT communications solutions and services
operate in 170 countries through its “Global Services”, “Openreach”, “BT
Retail” and “BT Wholesale” solutions.

Details

CITGO Launches the FuelingGood Promo

CITGO has launched the charitable program “FuelingGood” that rewards local
heroes with CITGO gift cards. Local community heroes submit their
personal stories of how they support their communities to
www.FuelingGood.com. Five finalists will
be selected from the entries and posted to the FuelingGood Web site. The
entry each month that receives the most votes
will win a CITGO gift card valued at a year?s supply of fuel from CITGO.
The other four finalists will win $50 CITGO gift cards.

Details

LML FISCAL & 1Q/09

LML Payment Systems technology for financial payment solutions has
posted 1Q/09 and fiscal year revenue ended March 31, 2009 of $3.1 million
and $12.3 million, respectively. Additional reports show LML posted a
quarterly gross profit of $1.6 million, income from operations of
$112,000 (compared to a year-ago period loss of $504,000), income before
taxes of $137,000 (compared to a year ago period loss of $1.4 million),
net income of $5.15 million (compared to a year ago period loss of $1.6
million), net cash flow from operating activities of $281,000 and
Non-GAAP net income of $328,000. Meanwhile, the annual revenue of $12.3
million for the year ended March 31, 2009 was a 9.3% gain over the year
ago figure of $11.3 million, gross profit was $6.3 million, income from
operations was $599,000 (compared to a year ago period loss of
$451,000), income before taxes was $1,034,000 (compared to a year ago
period loss of $1,606,000), net Income was $5,455,000 (compared to a
year ago period loss of $2,221,000) and Non-GAAP net income for the
fiscal year was $1.9 million. These gains throughout the fiscal year are
thanks in part to LML’s 1,500 new customers and 100 new channel sales
partners.

Details

Triton Executive Joins the FSPA Board

The Financial and Security Products Association has elected Mark Smith,
Senior VAR Manager with ATM manufacture Triton, to the Board of Directors.
As a part of the nine-member board of directors, Smith will help to guide
FSPA, and provide ideas and solutions in order to better position FSPA
members in the marketplace.FSPA is an independent association dedicated to
independent companies involved in the manufacture, sales, installation and
service of products sold primarily to financial institutions and
commercial markets.

Details

ONTOUCH

GuestLogix in-flight retail solutions and British Airways have signed
multi-year agreements for the deployment of GuestLogix “Mobile Virtual
Store”. Offering British Airways passengers an onboard retail
transaction platform, using PCI PED 2.0 certified POS handheld
terminals, the partnership agreement is focused on offering onboard
merchandising and duty-free cash/ payment card transactions to
generating and drive revenue streams. GuestLogix onboard technologies
and solutions allow airline carriers the tools to become onboard
retailers through the “OnTouch” platform for seven of the top 10 global
airlines,
serving over 30% of the world airline passenger traffic.

Details