Cardlytics Granted Patent on Offer Placement System

Cardlytics received a patent for its core system Cardlytics Offer Placement System (OPS) from the United States Patent and Trademark Office. U.S. Patent No. 8,595,065 relates to the secure connection between transaction data with no personal identifiable information and advertising campaign data, which enables Cardlytics to create targeted marketing based on consumer purchase behavior. This is Cardlytics’ third patent; the first was granted in May and the second in August of 2013. Cardlytics’ first patent (8,438,061) relates to the delivery of targeted marketing advertising to banking consumers from our Offer Placement System (OPS). The second patent (8,515,810) relates to the aspects of the OPS working in conjunction with Cardlytics’ other core system – the advertiser-facing Offer Management System (OMS).

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Cardlytics Named a Top Provider of Card Loyalty Tech

Cardlytics Card-Linked Marketing announced that its Transaction-Driven Marketing solution received a Best-in-Class distinction in a CEB TowerGroup report after an evaluation of card loyalty technology vendors. The CEB TowerGroup analyst cited Cardlytics’ flexible interface, abundant security and control options, and robust operational metrics as key reasons for naming the provider a Best-in-Class offering in all four categories, including Customer Interface, Management & Operations, Security & Control and Enterprise Support. Through quantitative and qualitative analysis, CEB TowerGroup’s report provides a customer-driven, transparent and unbiased review of technology, designed to drive informed business decisions.

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PAI Announces Latest ATM-Branding Client

Payment Alliance International (PAI) retail ATM solutions signed an agreement to brand ATMs located in select Rite Aid stores in the greater Louisville, Ky. area. PAI will own and operate the ATMs which will be outfitted with River City Bank branding. River City Bank customers will have surcharge free ATM access to cash at select Louisville Rite Aid store locations beginning late December 2013. PAI operates one of the largest ATM networks in the United States, with ATMs at more than 60,000 retail locations across the country. The Company provides ATM services for approximately 1,500 Rite Aid locations nationwide. With the addition of Rite Aid ATM placements, River City Bank is able to expand their hometown footprint without significant expense.

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Mobey Calls on Banks to Meet MPOS Market Demand

Mobey Forum released its whitepaper, ‘The MPOS Strategy: Shifting the Balance of Power’, which examines the changing market dynamics brought about by disruptive MPOS providers and offers a strategic evaluation framework designed to help banks maintain their position and take advantage of the rapidly evolving MPOS market. The paper examines how MPOS disrupts the established four-party model (cardholder, merchant, acquirer, issuer) and identifies the potential winners and losers in the marketplace. Pushing beyond the traditional MPOS ‘dongle plus smartphone’ concept, the paper addresses issues surrounding interchange models, payment service provider models, networked commerce and the merchant-customer relationship. The paper then investigates how banks and financial institutions are currently reacting to the influx and utilisation of MPOS solutions, before proposing a structure through which banks and other stakeholders can weigh their strategic options, protect their interests and move to take advantage of the wave of change occurring in this complex environment.

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Johnny Rockets Expands with NCR POS

NCR announced Johnny Rockets, the international restaurant chain, known for all-American food and fun, will open its first two restaurants in Brazil with the support of NCR Aloha software running on NCR POS technology. Johnny Rockets selected the NCR POS solution because it is optimized for fast-paced food service operations. Additionally, Johnny Rockets is using NCR Hospitality technology such as NCR Aloha Insight and NCR Back Office for greater business insight and real-time decision making. The restaurant chain will also benefit from NCR Aloha Configuration Center’s above-store capabilities, allowing them to improve operational efficiency at the store-level.

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MoneyGram mTransfer Expands in International Market

MoneyGram signed agreements with MTS mobile phone retailer to offer money transfer services in MTS stores throughout the country. This lets customers transfer funds to friends and family at any of MoneyGram’s more than 334,000 worldwide locations. Customers can easily and conveniently complete transactions in MTS retail offices without having to visit bank branches. The signing is the result of collaboration between MoneyGram and the RNKO “Payment Center,” a settlement non-banking credit organization. MoneyGram and RNKO have worked together since 2008 to develop relationships with Russian Federation financial institutions.

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Ally Bank Upgrades mApp for Popmoney Payment

Ally Bank expanded its Ally Mobile Banking app to include two new offerings designed to help customers conveniently access and manage their money on the go. Customers can now use their smartphones to send and receive Popmoney payments as well as make recurring electronic fund transfers between Ally and non-Ally bank accounts. Popmoney, a payment service that allows customers to electronically send money to other people, offers a convenient alternative to sending cash or checks to friends and family or to pay service providers. The service allows Ally Bank customers to send money to anyone in the U.S. who has a U.S. bank account – the recipient does not need to have an Ally Bank account. Popmoney has been available to Ally customers since 2011. In addition to using their smartphones for regular Popmoney transactions, users will now be able to view scheduled payments and payment history as well as set up and manage Popmoney contacts in Ally Mobile Banking.

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Fiserv Announces TradeFlow Post-Trade Processing

Fiserv multi-asset post-trade processing solution, TradeFlow, is now available for financial institutions operating on Red Hat® Enterprise Linux®, the leading global provider of open source enterprise-class technology. TradeFlow for Linux is designed to meet the demand from wealth managers for secure and scalable financial solutions designed for an open source technology stack. TradeFlow for Linux allows wealth managers to minimize trading risks, reduce operating costs and enhance efficiency across a number of post-trade activities, including trade capture, data enrichment and management, confirmation and affirmation, as well as settlement and clearing. The solution integrates support for central counterparty clearing of OTC derivatives through MarkitSERV, and facilitates the automated import of Standing Settlement Instructions from Omgeo ALERT.

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Telenor Deploys WorldPay Payment Gateway

WorldPay alternative payments and Telenor Business Internet Services AS forged agreements by which WorldPay handle payment transactions for Telenor Business Internet Service’s Software-as-a-Service (SaaS) offering. Telenor Business Internet Services AS selected WorldPay to provide its payment gateway, acquiring services, alternative payment acceptance, and risk management services. WorldPay will support Telenor Business Internet Services AS as the company increases its global SaaS footprint, first in Hungary with the launch of the Telenor cloud service solution which launched on the 29th of October 2013. WorldPay was selected for the company’s well-established global reach, both with the range of local payment types enabled and the ability to accept and settle transactions in multiple currencies.

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Citi Renews Sunoco Private Label Credit Card Program

Citi Retail Services signed a multi-year renewal of its U.S. private label credit card relationship with Sunoco. Citi and Sunoco will continue to improve the customer experience and focus on growing the Sunoco-branded card programs Citi issues in partnership with Sunoco. Citi will also leverage its extensive data analytics capabilities and credit marketing services to further grow sales. Credit products that Citi issues for Sunoco include the Sunoco Rewards Card for consumers and the Sunoco Corporate Card for commercial customers.

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MasterCard rePower Cards Walmart-Loadable

MasterCard and Green Dot partnered to allow U.S. cardholders with MasterCard “rePower”-enabled prepaid cards to reload their cards via the Walmart Rapid Reload™ service. Walmart Rapid Reload utilizes the Green Dot® Network to provide cardholders with a fast and easy way to load funds directly to their cards by swiping their cards at any register at participating Walmart stores (not available in VT or WY). Cardholders can add funds directly to their prepaid account by using cash or a pre-printed payroll or government check. Cashier-added funds will be available for use by MasterCard rePower-enabled cardholders within minutes. The MasterCard rePower network is open to any MasterCard issuer of reloadable prepaid card programs.

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