Triton Unveils a Full Function ATM

MS-based Triton has introduced its first full-function, through-the-wall ATM. The new “FT7000” features an envelope depository and an expansion bay for future upgrades such as check scanning. It is available in a walk-up or drive-up configuration, is fully XFS compliant and runs Triton’s “Prism” ATM software with “Diebold 912 Emulation” support, assuring seamless integration and compatibility into any existing network. Triton has more than 158,000 installations in over 24 countries worldwide and is the largest provider of off-premise ATMs and ATM management software in North America.

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CASH VALET PAYROLL CARD

Mint Capital, in conjunction with Cash Valet Financial Services, has
launched a payroll card for payroll disbursement, paying expenses and incentive
distribution. The solution is designed to replace manual methods of payment,
such as check-based payroll, and is projected to rapidly grow in popularity
due to recent statistics from the U.S. payroll card market. Statistics
show that there were 7 million Payroll Cards in circulation in the US in 2006 from
2.2 million cards in circulation in 2004 and is expected to increase to 17.5
million by 2010. The popularity of payroll cards has much to do with the average
company savings being 75% over issuing paper payroll checks.

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Voca Says Net Pay Drops

Throughout the month of June 2007, research conducted by Center for
Economics and Business Research (cebr) and the VocaLink take home pay
index has demonstrated a national increase in take home pay of 3.3%. Other
VocaLink findings show that take home pay in the manufacturing sector
registered an increase from 3.4% in May to 4.8% in June 2007 and the
services sub-index, reflecting take home pay growth in the services sector,
continued to decrease from 2.5% in May to 2.1% in June. Because VocaLink
processes over 90% of UK salaries, it is a reliable source for British
salary
statistics.

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PA College Campus Goes Contactless

Penna-based Slippery Rock University has teamed with NJ-based Heartland Payment Systems to enable contactless payments by cell phone to students and faculty. This week, 8,500 students, faculty and staff will receive a new official campus ID “Rock Dollars” card and a separate contactless token designed for use with their mobile phones. The card or the phone can be used at on-campus locations as well as participating merchants in the surrounding community. Campus vending machines, laundry facilities, photocopiers and printers will be outfitted this summer with dual technology readers to enable contactless payments via mobile phone in addition to the traditional ID card payments. HPS has been Slippery Rock University’s payment processor for nearly ten years.

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NCR Names a New HR Executive

OH-based NCR has promoted Andrea Ledford to SVP/Human Resources. Previously, Ledford was NCR vice president of human resources for Europe, the Middle East, Africa and Asia-Pacific and, before joining NCR in 2006, she led human resources for those regions at Symbol Technologies. Ledford also held senior global human resources roles at Cisco Systems, as well as Storage Technology, United International Holdings and Synergen. She holds a Bachelor of Science degree in accounting from the University of Colorado and an executive master’s degree with INSEAD.

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BofA and Making It Count Target Colleges

Bank of America has teamed with Monster Worldwide’s “Making It Count” unit to launch the “Ultimate Money Skills: Scholars, Dollars, Budgets & Bills” program to help college students learn effective credit card use, budgeting, and control of student loan debt. Making It Count’s interactive “Ultimate Money Skills” program will be presented free to college students on campuses across the country. The program prepares students with an understanding of appropriate credit card use, student banking options, how to develop and follow a budget and the importance of saving. According to the 2003-2004 National Postsecondary Student Aid Study (NPSAS), two-thirds (65.7%) of four-year undergraduate students graduate with some debt, and the average student loan debt among graduating seniors is $19,237. Making It Count is a provider of live, in-school presentations that educate and motivate teens to excel in both personal and professional educational endeavors.

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Discover Wins Customer Loyalty Award

The “Discover Card” has received top honors for the 10th consecutive year in the “2007 Brand Keys Customer Loyalty Engagement Index.” In addition to being the top-rated credit card in the “Index,” “Discover Card” ranks 28th overall out of 239 brands evaluated across 35 industry categories in the 2006 Index. Brand Keys will release the overall ranking for 2007 in September. The “Brand Keys Customer Loyalty Engagement Index” is an annual syndicated study that currently examines customers’ relationships with 362 brands in 55 categories.

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ATF BANK & EXPERIAN

For the automation of customer decisions and the use of “New Business
Strategy Manager” decisioning technology, Kazinform ATF
Bank has chosen Experian “Decision Analytics.” Experian will also offer
ATF Bank the accurate assessment of consumer risk with a tailored
scorecard, important in the expanding Kazakhstan Banking industry.
The automation provided by Experian rationalizes manual tasks and
will streamline the approval process for the bank. This is designed to
save both time and money. Experian employs nearly 13,500 people in
36 countries worldwide with clients in more than 60 countries.
Supporting 70 credit bureaus around the world, the company has sales
of $3.5 billion.

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QUICK APPROVALS

Citibank has just launched an industry first, “24-hour Card Approval
Process”, in response to the typical 5 to 14 working day approval process. Experts
predict this will attract many new customers based on the current
demands of consumers. This development coincides with Citibank’s new
promotional offers including “Go to the Movies on Citibank” which offers
a 40% discount on certain movies and 15% discounts for Internet and
on-premise purchases during the weekend and national holidays. Citi
provides a range of financial services to nearly 200 million customers
in more than 100 countries.

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CARD VOLUME

The total value of plastic card payments received by British merchants, retailers and service providers increased nearly 10% last year to GBP 321 billion. Debit cards accounted for 61% or GBP 195 billion of total spend. Credit card spend reached GBP 195 billion during 2006. According to UK payments association APACS, this is the second year in a row that plastic spending topped cash spending. Last year total cash spending was GBP 274 billion. The trade group also noted that check payments last year totaled GBP 164 billion.

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