Leading Brands Converge at CashStar Roundtable

Experts across the retail, restaurant, payments and digital marketing industries will come together at CashStar’s 2013 Retailer Roundtable to discuss the near- and long-term impact mobile technology and the convergence of offers, payments, and loyalty will have on their businesses. More than 20 major brands will attend, along with CashStar partners, including Bridge2 Solutions, First Data Corporation, and RewardsNOW. Discussion will include the transformation of gift cards into mobile, reloadable payment cards that foster increased engagement and spending; the transformation of retailer apps into mobile wallets, driven by consumers’ desire for convenience and smartphone adoption; and the transformation of gift cards – as well as coupons, offers, and loyalty points – into different forms of Branded Currency, and the implications of their convergence on consumer purchase behavior.

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Virtual Piggy Partners First International

Virtual Piggy integrated its youth-friendly payment system to Innovation First International and HEXBUG® Micro Robotic Creatures and VEX Robotics product lines. Innovation First International is a technology and engineering company that has launched several robotics product lines spanning the consumer toy, STEM education, and business-to-business markets. HEXBUG products are available in over 4,000 outlets globally, to which Virtual Piggy is integrated directly into its e-commerce platform to allow direct online and mobile purchases. Virtual Piggy has a standard interface to eBay’s Magento e-commerce platform, which facilitates a simple and rapid integration.

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Dunlop Implements UK POS Promotion

Dunlop Adhesives has revealed why it chose to team up with Greater Manchester-based manufacturer UK Point of Sale when promoting a rebrand earlier this year. When launching new packaging, Dunlop Adhesives sought to develop a suite of point of sale which was specifically tailored to educate shoppers and allow them to navigate the repackaged products as easily and quickly as possible. As part of its rebrand strategy, the firm teamed up with UK Point of Sale to provide high-quality shelf-edge leaflet holders intended to boost cross-selling opportunities and provide consumer education by highlighting the QR codes printed on the new packaging, as well as DL leaflet holders to dispense product selector leaflets and shelf barkers.

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i2c Provides Heartland Prepaid Card Processing

I2C cloud-based payment processing is providing Heartland Payment Systems prepaid card processing services. The companies’ first collaboration is the National Restaurant Association’s (NRA) Edge prepaid card program, which runs on the Discover® network. The Edge card allows restaurant employees to deposit their paychecks, load funds, receive employer-sponsored incentives and earn cash rewards on a general purpose prepaid card. i2c’s prepaid card payment processing platform will serve as the system of record for Edge accounts and enable the introduction of new card features such as card-linked offers and real-time mobile alerts.

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MoneyGram Appoints Former PayPal to Head Emerging Channels

MoneyGram International announced W. Alexander Hoffmann has been appointed to the company’s executive leadership team as senior vice president, global product management and emerging channels. Hoffmann will lead MoneyGram’s global product portfolio, emerging channels and MoneyGram Online. Hoffmann was previously head of consumer growth for Europe, Middle East and Africa at PayPal. He has 20 years of experience in payments and cards, online services and technology, and a strong track record of building new products from concept to launch. Prior to his position at PayPal, Hoffmann spent 12 years at McKinsey & Company in Brussels, Belgium, and Palo Alto, California, working with clients in the payments and telecommunications industries.

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TIO Networks Acquires Globex Financial Services

TIO Networks bill payment company entered into an agreement to acquire Globex Financial Services, Inc., and its operating business Global Express Money Orders, Inc. (“Global Express”). The acquisition of Globex Financial Services will strengthen TIO’s position in the bill payment industry and provide TIO with a national footprint. It is anticipated that revenue synergies will include the cross selling of TIO’s innovative mobile payment, self-service kiosk and financial wallet technologies to an expanded customer base. The combined companies will offer bill payment services to millions of consumers across the US and Canada. In 2012, Globex generated over US$10M in revenues at gross margins that are significantly higher than TIO’s historical gross margins. With this acquisition, TIO will enjoy significantly higher consolidated revenues and gross margins as well as a more diversified revenue base across customers, geographies and industries.

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Oberthur & Société Générale Launch Contactless Payment Service

Oberthur Technologies security and identification solutions and services based on smart card technologies and Société Générale announced that they launched the bank’s first NFC Visa payment service through Oberthur Technologies’ Trusted Service Manager (TSM) platform. The NFC ecosystem is progressively maturing in France with several commercial deployments either planned or in progress in large cities. The successful launch of Société Générale’s NFC service with two French mobile operators in Strasbourg means that Oberthur Technologies is the first TSM supplier demonstrating the end-to-end interoperability of its NFC offer with TSM and SIM cards from other suppliers. The bank’s customers will be able to subscribe to this NFC payment service that will enable them to pay with their phone at all the point-of-sales equipped with contactless terminals throughout the country.

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CIMB Niaga and JCB Partner on Card iIsuance

Bank CIMB Niaga Tbk, the 5th Largest Bank in Indonesia and PT. JCB International Indonesia, a subsidiary of JCB International Co, Ltd., the international operation subsidiary of JCB Co., Ltd., are pleased to announce the commencement of partnership for credit card issuance and merchant acquiring business. JCB and CIMB Niaga are due to launch the merchant acquiring business in July 2013 and are ready to accept JCB card as means of payment, starting with Jakarta and Bali as the first area to be focused. Having JCB as a new principal for credit card issuing business provides CIMB Niaga with more credit card products to target the affluent segments. With the strong presence of JCB merchants across East Asia, especially Japan, Korea and China, the new CIMB Niaga JCB Credit Card will provide benefits to the cardmembers since many of the cardmembers from this segment are traveling to those countries.

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Cashcloud Secures Private Funding

Payment-corporation cashcloud announced that it has secured a second round funding from a private European investment firm. The cashcloud project has been conceptualized by experienced entrepreneurs and investors with a proven track record of success in the area of pre-paid, brand building and marketing especially in the mobile and internet world. It has been awarded with 25 million US$ from a long list of Silicon-Valley-Investors to develop a new mobile payment system that already exists in Europe.

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BankDhofar to Deploy G&D Instant Card Issuance

BankDhofar deployed Giesecke & Devrient (G&D) instant issuance solution, which will empower all branches of BankDhofar with its software for personalizing customer and payment cards. Customers can collect their debit cards instantly at the time of account opening itself, and start using them immediately. G&D is also supplying the bank with EMV cards and will offer all-round support for the instant issuance service. G&D’s Convego System Instant Issuance provides BankDhofar with a specially tailored all-in-one instant issuance system for its debit card portfolio. The solution is characterized by outstanding user-friendliness and offers customers the highest level of security thanks to a wide range of encryption methods and online-only personalization.

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CashStar Sees Continued International Growth

CashStar digital gifting company added more than a dozen global retailers and restaurants to its B2C and B2B digital gifting platform, and has expanded into new international markets, becoming the largest operator of consumer eGifting programs for retailers outside of North America. Already the largest provider within North America, CashStar is experiencing a record-breaking year across the business. A number of brands are now using the CashStar platform for their plastic gift card programs online. These brands now have a full-service one-stop shop for all their online gift card needs, and benefit from a unified and integrated ordering and delivery experience, as well as the same best-in-class fraud monitoring and risk mitigation. CashStar is the only company in the industry that guarantees zero fraud and maximum revenue from valid orders. CashStar also expanded its international presence with several new client wins in the UK, Australia, New Zealand, Hong Kong, and the entire European Union.

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