VISA EUROPE 2013

To describe Visa Europe in three words is contactless, mobile payments, and digital wallets. Visa Europe struck so many such deals in 2013. For example, banks representing 80% of all consumers are already committed to digital wallets and by 2020 Visa Europe predicts one-third of all European consumers will be using V.me by Visa. European consumers have made 211 million contactless purchases in 2013, as the monthly contactless spend has also increased six fold to €285 million. Visa Europe processes more than 32 billion transactions per year with purchase sales exceeding €1.3 trillion on 483 million cards. In October 2007, Visa Europe became independent of the new global Visa Inc., with an exclusive license in Europe.

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CIBC and TELUS launch mobile payments

CIBC and TELUS announced the launch of the CIBC Mobile Payment App to TELUS mobile devices with Near-Field Communications (NFC) capability, allowing more Canadians to have access to mobile payments. TELUS customers using the app and a CIBC credit card account will be able to make mobile payments at many of the most popular retailers in Canada including coffee shops and grocery stores.

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Mikron Joins OSPT Alliance

The Open Standard for Public Transport (OSPT™) Alliance today announced that Mikron has joined the organization as a Full Member. Mikron supports a number of national public transport organizations with its RFID tags, and is well known for its wide range of other microelectronic products including smart cards, SIM cards, chip-based bank cards, identification documents and innovative solutions for industrial electronics. Mikron is Russia’s largest RFID tag manufacturer with a capacity of more than 50 million tags per month and customers in Europe, Middle East, Africa, and North America. Its ultra high-frequency, high-frequency, and low-frequency passive RFID tags have been used for many years in applications as diverse as logistics, point of sale and electronic article surveillance.

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TIS Concludes 2013, Sets Treasury Trends

TIS offered cloud-based payment transaction systems that include solutions matched to the current needs in mandate management, bank account management, bank transaction management and bank fee controlling. TIS is the leading cloud platform for management of enterprise-wide payment processes ranging from liquidity control to bank relationship management. The SEPA “Out-of-the-Box” solution from TIS processes all major bank connection protocols, channels (Host-to-Host, SWIFT or EBICS) and formats and automatically converts these to conform to the applicable SEPA guidelines. An integrated Direct Debit mandate management system centrally monitors and controls all global mandate processes. TIS was also able to win over many other well-known medium-sized enterprises as new customers in Germany during 2013 to employ the TIS Cloud Platform to centralise their payment transactions.

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Mobeam, Clutch Launch Scanning mWallet

Mobeam and Clutch released the latest mobile wallet enabled with Mobeam’s patented beaming technology. This new feature lets consumers use Mobeam’s technology to beam barcodes from their loyalty, membership, and gift cards directly from their smartphone to any laser scanner. The beaming feature is available exclusively on two of the world’s most popular phones, the Samsung Galaxy S4 and Galaxy Note 3. In the past month, Mobeam’s beaming technology has driven close to 2 million shopping trips on over 25 million devices. Clutch eliminates the need for multiple apps, enabling consumers to manage gift and loyalty cards, daily deals, coupons, offer searches, purchases, shopping comparisons, social gifting and mobile payments all in one place. Mobeam converts barcodes into beams of light that can be read by the tens of millions of laser scanners in use today by retailers worldwide.

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Westpac and Scotney Partner, Expand Cashless Payments Offering

Westpac partnered Scotney Group (Scotney) to launch its cashless payments solution across other segments such as aged care, mining and universities with the potential to take approximately $65 million in cash out of circulation in its first year alone.Scotney’s Flexischools solution is a ‘closed-loop’ payments system that lets parents pay for a wide range of school activities without children having to carry cash. More than 800 schools across Australia and New Zealand have set up the online portal, with Westpac processing more than 10 million transactions to date. Scotney has driven strong growth and innovation in the school sector, Westpac believes the technology has wider applications. The bank sees potential through its other industry relationships to take millions in cash out of circulation and digitise payments. Westpac will maintain its transactional and cash management relationships with customers and introduce Scotney’s expertise to set up the closed-loop system and manage the flow of payments.

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Xoom Acquires BlueKite

Xoom Corporation announced it has acquired BlueKite for approximately $15 million in cash and equity. BlueKite has built a robust technology platform for cross-border bill payments and mobile phone top ups. This acquisition will allow Xoom to offer adjacent services to their burgeoning money transfer offerings, with the ability to pay bills for their loved ones, as well as top-up mobile phones.

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Bank of America 2013

Purchase volume, per average active account, for Bank of America’s U.S and international consumer credit cards increased 6% year-on-year in the fourth quarter. Charge-offs for U.S. cards fell to its lowest level in eight years. However, for the full-year 2013 BofA’s U.S. consumer credit card portfolio average yield fell 29 basis points to 9.73%. On a quarterly basis the U.S. card yield fell 65 basis points. The international consumer credit card portfolio average yield rose 10 basis points to 11.70% on a full-year basis. Comparing Q4/2013 to Q4/2012, the international card yield also fell 65 basis points. Overall card yield was down sharply from the third quarter. The risk adjusted margin for the U.S. card portfolio rose 114 basis points on a full-year basis to 8.68%.

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Heartland Payment Systems Posts 4Q/13 Up 22%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Heartland Payment announced Adjusted Net Income and Adjusted Earnings per share from continuing operations of $20.5 million for the quarter ended December 31, 2013. Adjusted Net Income from continuing operations were $17.7 million while GAAP net income was $17.4 million for the three months ended December 31, 2013. Adjusted Net Income…

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MasterCard Names General Counsel, Chief Franchise Officer

MasterCard appointed Tim Murphy to general counsel and chief franchise officer and will sit on the Executive Committee. Murphy, 46, joined MasterCard’s Law department in 2000 and became senior vice president and associate general counsel in 2003. In 2006, Murphy was named group executive, Customer Business Planning and Analysis, and was president of MasterCard’s U.S. Region from 2007 to 2009. Murphy then became chief product officer, responsible for leading the management, development and commercialization of MasterCard’s core payment solutions. Also, Craig Vosburg will assume the role of chief product officer after holding the role of group executive, U.S. Market Development. Mike Cyr, group executive, U.S. Markets Customer Delivery, will now become responsible for U.S. Market Development; and Jennifer Rademaker, group head, Core Products, Europe, will become group executive, U.S. Markets Customer Delivery, and now joins the company’s Operating Committee.

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PAYe unveils pay-in pay-out ATM network

PAYe Network is introducing the PAYe USA Network at the ATMIA U.S. Conference 2014: Reinventing the ATM, Loews Royal Pacific Resort at Universal Studios, Orlando, FL February 11th through the 13th. The ground-breaking patent pending PAYeCASH solution bridges the gap in the digital divide between online and mobile payment channels, and bricks-and-mortar payment systems. Historically ATM and POS network operators have been locked into card based payments acquiring relationships that offer few options for generating additional revenue streams. And emerging new payment methods (NPM) have for the most part evolved as alternative payment closed-loop systems with little or no interoperability with traditional legacy payment channels. PAYe Network provides ATM and POS network operators with a universal Omni-channel payments solution that is simple, safe, and convenient and provides ATM and POS network operators with a complete compliance program.

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MasterCard Asia Pacific 2013

MasterCard’s Asia-Pacific-Middle East-Africa region (APMEA) is expanding rapidly with gross dollar volume rising more than 21% year-on-year and the number of cards issued growing nearly 15% year-on-year in 2013. Quarterly gross dollar volume runs about $300 billion and the number of cards issued is over 400 million. MasterCard will release fourth quarter and annual results on January 31 before the market opens.

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