USA Technologies Celebrates 5,000th Cashless Client

USA Technologies recently celebrated its 5,000th customer milestone with New York vending operator and Pepsi bottler, Fitzgerald Brothers Beverages, Inc. (“Fitzgerald Brothers”). Crossing the 5,000 customer mark translates to a compound annual growth rate of 69 percent for USAT, from approximately 1,000 customers three years ago. Fitzgerald Brothers recently became a USAT customer in response to increasing demand for debit/credit card acceptance by its consumers and encouraging data regarding the sales uplift a cashless payment platform can deliver to traditionally cash-only businesses and subsequently will receive a free personalized loyalty and prepaid program.

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MoneyGram Signs New Agent Agreement

MoneyGram and Payzone Romania payment services operators signed an agreement to offer money transfer services throughout the country. Payzone Romania offers a wide range of payment services and electronic recharge services, operating the largest electronic payments network with cash from Romania from its more than 11,000 terminals all over the country. The agreement between Payzone Romania and MoneyGram provides a cost efficient solution for consumers who do not have or use a bank account or credit card to transfer funds.

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MasterPass by MasterCard Debuts

MasterPass is a digital service that allows consumers to use any payment card or enabled device to discover enhanced and secure shopping experiences with just a click, tap or touch – online, in-store or anywhere. It moves payments forward by allowing the consumer to safely store all their payment, store card, loyalty, shipping and billing address details in one place and gives consumers the ability to make a payment from wherever they are with whatever device they have. With a single click of the MasterPass button on a retailer site, the consumer can access their wallet of choice and authenticate with a password to checkout. In addition to MasterCard cards, consumers can use other branded credit, debit, prepaid and private label cards. MasterCard Advisor’s SpendingPulse data shows total UK year-on-year eCommerce sales grew by more than 12% in May 2013, compared to just 3% growth in overall UK retail sales for the same month last year.

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Visa 3Q/13 Net Income Jumps 16% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa announced its 3Q/13 net income of $1.2 billion, an increase of 16% from the year ago figure. Net operating revenue in the fiscal third quarter of 2013 was $3.0 billion, an increase of 17% over the prior year, driven by strong growth in service revenues, data processing revenues and international…

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Fiserv Deploys Investment Portfolio in Secure Online Portal

Fiserv made available its Prologue Investment Portfolio Accounting application as a hosted (ASP) solution via the Intelligent WorkplaceSM web portal. Launched in the first quarter of this year, Intelligent Workplace provides centralized and cost-effective access to multiple Fiserv solutions that help manage performance, grow profits and protect assets. Using Prologue Investment Portfolio Accounting via Intelligent Workplace from Fiserv, portfolio managers within banks and credit unions can utilize an unlimited number of security types for complete flexibility and customization as their portfolios change and grow. Fixed, variable, adjustable and step-up instruments are all handled with ease, and the system simplifies tracking of the unique characteristics associated with debt instruments, equities, CDs and liabilities. The portal makes it easier for end users to manage and switch between these multiple applications, while seamlessly integrating an organization’s risk, budgeting and reporting data and processes.

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FIS Inks KeyBank as Latest Prepaid Client

FIS (FIS) banking and payments technology announced KeyBank selected its front-to-back prepaid solution that will enable the bank to create a new payments channel for its business and public sector clients. The multi-year agreement includes transaction processing, integrated voice response for customer care and card fulfillment. The open-loop, reloadable prepaid cards aligns perfectly with this approach by giving card beneficiaries easy access to funds, while creating new efficiencies for corporate and public sector clients – particularly those migrating from paper-based processes.

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Diebold Names Senior VP, Strategic Projects

Diebold, Incorporated (DBD) announced that Stefan E. Merz has been appointed senior vice president of strategic projects, effective Aug. 1. In this role, Merz will be responsible for driving Diebold’s transformation strategy, helping execute on the company’s previously disclosed multi-year realignment plan, and identifying other areas of improvement that will drive future growth. With executive-level experience in strategic development, business intelligence, sales effectiveness and business transformation, Merz has a proven record of driving results and improving profitability in large, global technology companies. Merz held various leadership positions at Hewlett-Packard (HP) Enterprise Group and at Siemens AG, based in Munich, Germany, most recently serving as vice president of strategy and marketing. In this role, he was responsible for defining the organization’s enterprise services strategy and growth initiatives.

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Bank of Ningbo Deploys NCR ATM Software Platform

Bank of Ningbo has deployed its 500 ATM on the NCR APTRATM Edge multi-vendor software application while its network has been migrated to be compliant with EMV1 (PBOC 2.02) card payment standards. NCR has installed its Terminal Management Services solution, which provides real-time remote monitoring and recovery ability to ensure the ATM network’s availability and visibility. In addition, NCR has upgraded Bank of Ningbo’s ATM network with a suite of security solutions, including NCR Remote Key Management solution, Dynamic eLock Management Platform, and SolidCore for APTRA security solution, which will help improve security and ATM uptime. NCR immediately kicked off the project through detailed testing and analysis of its multi-vendor ATM environment, and implemented software to be shared among different vendors’ ATM terminals.

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BKM Launches mPayments-Remittance App

BKM Express, the payment platform developed by BKM (Interbank Card Center of Turkey), continues to be acclaimed by the users with its new services.
With the new mobile application of BKM Express, cardholders can make payments at e-commerce merchants and transfer money through mobile phones. BKM Express gives the opportunity to transfer money to mobile phones or cards for 7×24 between different banks. Mobile Application of BKM Express can be downloaded from Apple Store free of charge. Members of BKM Express can immediately log in the application with their currently effective e-mail addresses & passwords and begin to transfer money. Those who are not already members of BKM Express, can immediately become a member with their e-mail address and a password. It is possible to add cards by clicking “Add Card” button and begin to make transactions after receiving a verification password from the bank. BKM Express members, who prefer to make a payment on the mobile applications of merchants, can click “Pay with BKM Express” option on the payment page and they will be forwarded to the mobile application of BKM Express.

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CaixaBank and Global Payments Ink Merchant Payments JV

CaixaBank and Global Payments payment processing services signed an agreement to form a 50/50 joint venture in the Brazilian merchant payments market to enhance Global Payments’ first incursion into the Latin American market. The new joint venture will be named Comercia Global Payments Brazil and, through its operating subsidiary, is already accepting Visa and MasterCard cards. This agreement will combine the technological and commercial expertise of the two companies, which have been at the forefront of payments innovation including contactless technology, digital payments and mobile solutions (mPOS). The strength of the joint venture represents a competitive advantage the two companies will bring to Brazil, a market that is growing at an annual rate of 20%.

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