USA Technologies Customer Optimizes Cashless Payment

USA Technologies highlighted its customer, City Vending for its effective use of USAT’s ePort® and ePort Connect® service for cashless payment and telemetry to drive improved business results. City Vending has transitioned from zero to over 300 cashless payment terminals in less than a year and has indicated that it has leveraged USAT’s cashless payment and telemetry offerings to drive improved financial performance, customer retention and consumer satisfaction. City Vending is also using VendSys, a certified VMS (vending management system) supplier that participates in USAT’s DEX partner program. USAT’s DEX Partner Program optimizes customers’ use of cashless payment offerings by integrating USAT’s wireless DEX and telemetry available through its ePort Connect® service.

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SmartStream Partners Alliance Factors on B2B Payments

SmartStream Technologies, the financial Transaction Lifecycle Management specialist, announced a partnership with Alliance Factors, a financial services solutions provider and SWIFT service bureau, based in Russia – to meet the demands of a growing client base in the region. Alliance Factors specialises in business-to-business payments, back-office automation, compliance management and other STP-based solutions. Together with SmartStream they will help the Russian client base address STP driven challenges in the back-office for reconciliations across all asset classes, cash and liquidity management, corporate actions and data management services.

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FreedomPay Announces Showcase at Forum

FreedomPay commerce platform announced their Insight Presentation entitled “What Big Data Means to Banks” at the MobeyDay Forum in Barcelona, Spain. The MobeyDay Forum consists of over 250 leading senior mobile executives from banks and financial institutions from over 25 countries. The event has been designed to give market participants access to the latest industry information and answers to crucial issues, pain points, and regulatory updates while offering networking opportunities and reducing the time spent out of the office. FreedomPay offers a cloud-based commerce platform which is revolutionizing retail and enterprise bank processing. The FreedomPay Commerce Platform provides an interactive, open architecture that allows banks to leverage legacy systems and existing data as never before.

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MoneyGram Partners Lebara on International mRemittance

MoneyGram partnered Lebara Mobile, one of Europe’s leading mobile telecoms operators, to offer MoneyGram transfer services over the Lebara Money mobile and web solutions. MoneyGram’s money transfer platform is now integrated within the Lebara Money iPhone and Android mobile payment platform solutions and the Lebara Money website, enabling customers in the United Kingdom — and soon, in Spain, the Netherlands, France, Germany, Denmark and Switzerland — to send international transfers from a mobile phone to more than 320,000 MoneyGram locations in 198 countries worldwide. Lebara customers can now directly connect to MoneyGram’s mobile remittance services global network.

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Unemployment Stagnation Persists

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total nonfarm payroll employment was up 175,000 in May as the unemployment situation remained unchanged essentially unchanged at 7.6%. Having declined 0.4 percentage points since January, the unemployment rate is a reflection of the 11.8 million still unemployed, a 610,000 unit drop since January. Of this, the number of long-term unemployed…

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Fiserv Partners with Financial Market Data Services

Fiserv partnered Financial Market Data Services (FMDS) to offer broker-dealers, asset managers, turnkey asset management providers and outsourcers a fully-outsourced, end-to-end securities class actions claims processing solution. The solution focuses on managed accounts, a high growth segment, and can easily be extended to support all class actions claims for a firm, bringing efficiencies to what can be an inefficient, fragmented and manual process. Fiserv has more than 4 million accounts on its wealth management platforms and over 1.3 million UMA sleeves. With the acquisitions of AdviceAmerica financial planning technology and CashEdge data aggregation capabilities, Fiserv has extended its leadership position with technology that can support all functions of a wealth management business with a truly integrated, end-to-end solution.

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WEX Partners with Alegeus Technologies on Virtual Card Solution

WEX, a leading provider of corporate payment solutions, announced it has partnered with Alegeus Technologies, the market leader in healthcare and benefit payments, to introduce a virtual card solution for the post-adjudication claims market. An alternative to automated clearing house (ACH) payments, the new solution offers an additional electronic settlement method for payers and providers – using WEX Health electronic technology to settle claim payments more efficiently and eliminate costly check payments. Unlike ACH, virtual card payments do not require additional information or consent from providers to implement if they are a MasterCard accepting merchant. A provider can be set up to receive virtual card payments from participating payers automatically, giving payers the option of transitioning a large percentage of provider payments from paper checks to virtual card payments.

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Signature Card Services Partners Ingenico on EMV

Signature Card Services, is offering free EMV-enabled terminals to its merchants in the U.S. to make their transition to the EMV standard as economical and effortless as possible. The company has chosen Ingenico’s EMV terminals to be installed for interested merchants starting June 15, 2013. Ingenico is a global leading provider of payment solutions with more than 20 million terminals deployed in 125 countries and deep experience in EMV migration. Signature Card Services has chosen Ingenico’s Telium2 series payment devices for its EMV terminals. The company partners with Ingenico for its high-quality products and services, as well as the knowledge and expertise that Ingenico brings, having supported EMV transactions in Europe and Canada for over two decades.

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Fiserv appoints VP Channel Management, Card Services

Fiserv financial services technology solutions announced Dr. Kathy Herziger-Snider joined the company as vice president of channel management, Card Services. Here Dr. Herziger-Snider will provide strategic business development leadership, with a specific focus on the credit union segment, for the Card Services division. Herziger-Snider comes to Fiserv with extensive payments and core services industry expertise. Most recently she was vice president of product development at CO-OP Financial Services where her responsibilities included establishing execution and delivery of the organization product plan into the overall corporate strategy. In addition, she was responsible for the technical integration of mature and emerging products into competitive market strategies. She served at CO-OP Financial Services for 12 years in a variety of executive positions.

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Fime EMVCo Contactless Qualified

Fime America has become the first laboratory to achieve test bench qualification for EMVCo Contactless Card Level 1 in North America, authorizing the advanced testing provider to offer contactless card level 1 testing services for EMVCo members. EMVCo is the EMV standard body for credit and debit payment cards based on chip card technology. It has an established certification program to confirm products meet the requirements outlined in the EMV Specifications. This promotes increased levels of confidence that EMV products will perform as intended and ensure interoperability between payment devices. FIME America partners with a number of leading schemes and industry bodies to provide certifications and enhance the secure chip ecosystem. FIME’s Montreal laboratory now offers American Express, Isis, MasterCard Mobile certifications as well as card and terminal testing for Discover Zip, Interac Dual Interface, STAR Certiflash and MasterCard PayPass.

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Boku Brings mPayments to Smart TVs

Boku online mobile payments announced a partnership with PlayJam the premier global platform for games on TV. The partnership brings carrier billing to smart televisions and other consumer electronics around the world, including devices from Samsung, Panasonic, LGE, Vizio, Western Digital, Google TV and VESTEL. This agreement allows more than 90 Million consumers to use their mobile phone number to purchase games, upgrades and other services on PlayJam’s global marketplace. PlayJam’s network represents over 45% of all games played on Smart TVs in over 100 territories worldwide and serves over 150 TV apps on a wide variety of CE manufacturer devices. Users can checkout simply by entering in their mobile phone number with the charges appearing on their carrier bill.

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Oberthur Partners HID Global on mNFC SIM Cards

Oberthur Technologies partnered HID Global, offering capability to support “Seos” digital keys on NFC-enabled smartphones. The partnership enables the Seos digital keys applet to be embedded in Oberthur Technologies NFC SIM cards, making it possible to use NFC smartphones for a wide range of applications that typically reside on smart cards. Oberthur Technologies´ dragonFly product family is a new generation of NFC SIM cards that combine speed and include best-in-class certifications (Common Criteria EAL4+, MasterCard, Visa, MIFARE DESFire™) and integrated anti-virus protection. The solution supports key applications driving NFC deployments such as transport, payment and access control. It also supports applications that facilitate a more convenient user experience, such as the use of a mobile phone for hotel check-in and hotel room access.

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