OKI Expands ATM-Recycler G7 Cash-Recycling Offering

OKI deploys its cash-recycling ATMs, ATM-Recycler G7, to PT Bank Central Asia Tbk. These deliveries follow ATM-Recycler G7 installations in Russia announced last year, and will mark OKI’s first delivery of its cash-recycling ATM in Southeast Asia. OKI plans to accelerate global sales development of its ATMs and aims for 40% market share in the global ATM market, namely in emerging markets, where continuing growth is expected. Economic growth continues in Indonesia and installation of ATMs and CDs (cash dispensers) reached 50,000 units in 2011, the largest in South East Asia. The number is expected to continue expanding to 80,000 units by 2015 following the economic growth.

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PayPal Here Fully Deploys in New Market

Nihon PayPal KK (President and CEO: Hiroaki Kitano), SoftBank Mobile (President and CEO: Masayoshi Son) and PayPal Pte Ltd (Vice President, Asia Pacific: Rohan Mahadevan) announce a full-scale expansion of PayPal Here, a global mobile payment solution from PayPal Pte Ltd, to small businesses and entrepreneurs through over 2,700 SoftBank retail shops and business sales networks across Japan. PayPal Here allows merchants to focus on maximizing their sales opportunity by offering credit card and PayPal payments to their customers. PayPal Here encrypts card information as it swipes and all transactions are backed by PayPal’s world-class security and fraud prevention capabilities as well as live customer support. In doing so, the partnership launched an Android app and made available the SoftBank “Mobile Perfect SP” integrated transaction information report.

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TransferWise Launches New Transfer Solution

TransferWise international P2P has made it even easier to transfer money, allowing customers to enter their debit card details directly into the website. In 2012, TransferWise transferred over GBP50m worth of customer money and the team grew to 25 people. It introduced the US Dollar, the Swiss Franc, Polish Zloty, Swedish Krona, Danish Krone and the Norwegian Krone and won the coveted Europas award for best startup.

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VeriFone Posts Quarterly Revenue Up 1% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] For its 3 months ended January 31, 2013, VeriFone Systems secure electronic payment solutions posted revenues of $430 million, compared to $425 million a year ago for a 1% increase. Meanwhile, net revenues were $429 million, compared to $420 million a year ago, a 2% increase. With North America GAAP net…

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TSYS Named Ethisphere’s 2013 Most Ethical Companies

TSYS has been recognized by the Ethisphere Institute as one of the 2013 World’s Most Ethical Companies for the second year in a row. Ethisphere reviewed nominations from companies in more than 100 countries and 36 industries for the award. The methodology for the World’s Most Ethical Companies includes reviewing codes of ethics, litigation and regulatory infraction histories; evaluating the investment in innovation and sustainable business practices; looking at activities designed to improve corporate citizenship; and studying nominations from senior executives, industry peers, suppliers and customers.

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TransCard Announces Traveler Prepaid Card

TransCard prepaid products to financial institutions announced its new Traveler Prepaid Card. This card protects customers’ bank balances and credit lines if the card is ever lost or stolen. Financial institution customers can move money for their travels onto the Traveler Prepaid Card and leave their debit card and credit cards at home. With mobile account access for both Apple and Android users, tracking spending and balances on the Traveler Prepaid Card while on the road is easy and convenient.

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Alaric & Mistral Partner on mMoney Solution

Alaric fraud prevention and payments solutions partnered Mistral Mobile to enable financial institutions around the world to offer customers full financial services through mobile phones. This will use Mistral Mobile’s Money Mobility Suite for the interface with the mobile devices, supported by Alaric’s Authentic solution for transaction processing. The service can be used by any customer with any mobile phone. The partnership lets users update and add new features completely remotely and automatically, with no need for customer involvement in application updates. The system can connect to banks, card schemes and other payment schemes, and has the flexibility to be integrated into the wider banking system. The mobile solution will also integrate with Alaric’s Fractals fraud prevention technology, giving financial institutions the ability to detect and prevent merchant or micro-agent fraud.

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Bluefin Payment Launches Payment Gateway, Management

Bluefin Payment launched its “PayConex Payment Gateway” and “CardConex Management System.” The solutions with integrated software vendors (ISVs) provides services to SaaS providers and major merchants in the insurance, health/fitness, faith-based, medical, legal, non-profit and transportation industries. The company has continuously provided debit, credit and ACH solutions for the last several years, but decided to brand their payment gateway as more payment and security features were added over the past 10 months. In 2Q/13, merchants will also have the ability to take mobile payments through Bluefin’s custom interface. The “CardConex” platform offers a Partner Portal and dashboard for resellers managing and submitting merchant applications through “PayConex.”

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SIA Deploys Gemalto Platform for NFC Rollout

Gemalto digital security, and SIA, a major international payments processor for banks, corporate and Public Administration bodies, are joining forces to support rapid deployment of NFC services. Gemalto and SIA team up for the first national TSM infrastructure that can be utilized by all of the market’s key stakeholders, accessible to the country’s largest mobile network operators and leading banks. SIA has already secured the support of primary Italian telecom operators and banks to provide NFC services through its central hub that enables contactless payment transactions. It will offer the benefits of the Allynis Trusted Service Management for Service Providers platform operated by Gemalto’s European secure data center, which is certified by Visa and MasterCard. Up to 200,000 contactless payment terminals will be deployed in Italy by the end of 2013.

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U.S. Bank Partners American Red Cross

U.S. Bank and American Red Cross partnered to provide disaster preparedness funding, opportunities for customer contributions, and increased employee volunteer opportunities. This partnership includes an annual commitment of $250,000 from U.S. Bank to help the Red Cross prepare for vital disaster services; the opportunity for customers to contribute at designated U.S. Bank ATMs when disaster strikes and U.S. Bank will kick off Employee Awareness and Preparedness Fairs for its 65,000 employees across the nation throughout the year.

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Prepaid Resources Partners IDology, Prevents Fraud

Prepaid Resources prepaid debit and banking technology partnered IDology to incorporate advanced identity verification and pre-screening solutions. IDology will implement the Prepaid Resources “FraudGuard” fraud security services. The FraudGuard solution protects against unauthorized direct deposit enrollments. Using Prepaid Resources’ award-winning “BenefitsDirect” ‘Direct Deposit Management’ application. IDology is a provider of real-time technology solutions that verify an individual’s identity and deter fraud anywhere in the payments value chain.

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BitPay Expands Investment Round

BitPay bitcoin payment processing expanded its Seed round of funding by adding more angel investors, including Ben Davenport, Trace Mayer, and A-GRade Investments. BitPay now has over 3,200 merchants using its platform to accept bitcoin payments, and recently disclosed that in 2012 they processed over $3.3 million in bitcoin payments for its merchants. BitPay has developed significant expertise in this area, understanding all of the edge conditions and scalability issues that a company would face trying to use bitcoin, and this expertise puts BitPay way out in front of the bitcoin processing space. Having developed a suite of software tools that allow businesses to collect payments over the bitcoin peer-to-peer payment networ, BitPay can accept a payment from any country on earth, instantly, with zero risk of fraud.

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