Credit Card Chargeoffs Improve 22% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. credit card ABS chargeoffs rebounded in December after 6 months of declines while delinquencies continued decline, according to Fitch Ratings. Payments 60+ Day Delinquent dropped 10 basis points (bps) after coming to a halt for the last three months, down 1.63% to a new historical low, pushing late stage delinquencies…

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POS Terminal Numbers Continue Strong Growth

Traditional POS devices continued to expand 3.9% in North America and 4.6% around the globe in 2012. With growth expected to continue at 3.6% worldwide for 2013, according to IHL Group research firm’s POS Vendor Shipments Database, the Asia/Pacific region led all regions in terms of growth, but even the economic challenges of most of the EMEA region did not completely squash growth, which came in at over 2% year over year. Additional findings show Microsoft operating systems run on over 87% of the POS terminals shipped and HP is now the second largest supplier of POS Systems worldwide, rising from the #20 position just 10 years ago. Meanwhile, the value of the North American POS Market topped $7.8 Billion for the first time in 2012.

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AOC Solutions Enhances Payment Platform

AOC Solutions commercial payments technology and services provider to corporate and federal clients enhanced its “EnCompass” platform, allowing customers to easily and securely access and manage all their commercial card payments and accounts payable (A/P) processes on any mobile device. The “EnCompass,” AOC Solutions’ commercial payments platform PCI-compliant technology allows users to automate and manage their organization’s accounts payable functions, commercial payments, purchase, fleet, travel and entertainment card programs in one place. To use the new mobile feature, users simply enter their EnCompass website address into the browser of a smartphone, tablet or other web-enabled mobile device and log in using the same credentials as they would on a standard, desktop version of EnCompass.

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Bluepoint Updates Remote Deposit

Bluepoint Solutions launched its “QwikDeposit Pro” mRDC solution to improve usability with a redesigned user interface. Allowing financial institutions to speed adoption and attract business accounts, the solution gives merchants the power to easily deposit checks from an office location at any time of day using a multi-check scanner and Internet connection. The “QwikDeposit Pro” solution provides added convenience and security to business account holders, enabling faster availability of funds and eliminating physical transportation of checks, as well as applying sophisticated multi-factor authentication to deposit activity. It is also designed specifically to meet the needs of community financial institutions and to help in their efforts of building market share among small businesses.

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USA Technologies VP a Top 2012 Communications Executive

USA Technologies’ Veronica Rosa, VP, Corporate Communications and Investor Relations, has been selected by the ranking committee of ExecRank as a “Top Communications Executive” for 2012. The rankings are the result of two years of research and feedback from evaluation committees and top Chief Communications Officers that yielded an algorithm for how to rank communications executives based on their performance in 24 key areas. Responsible for USA Technologies’ integrated communications program including public relations, media and investor relations efforts, she joined USA Technologies in February 2012 while her experience extends from Fortune 500 to small cap companies as well as “Big 4” public accounting for over 25 years in investor relations, corporate communication and finance.

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Aptys Launches ACH and Wire Origination Platform

Aptys Solutions payments network provider to financial institutions launched ACH and Wire Origination solutions through their “PayLOGICS” unified payments platform. The “PayLOGICS” allows banks to offer end-to-end ACH and Wire solutions for originating, analyzing, funding, processing, sending and receiving, managing risk, and monitoring ACH and Wire transactions. The PayLOGICS system relies on an easy-to-use, template-based method for originating transactions quickly and effortlessly. Community Banks are looking for user-friendly solutions backed with unmatched customer support and most importantly products that can and will streamline their processes”the PayLOGICS platform does just that.

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MasterCard and VimpelCom Launch mMoney

MasterCard and VimpelCom forged their strategic partnership, combining MasterCard mobile payments technology and solutions with VimpelCom’s globally integrated telecommunications services. Offering innovative payment solutions to a new generation of customers, both banked and underserved, to VimpelCom’s 212 million customers in 18 countries. Deployments will leverage the full range of both companies’ complementary solution suites, offering merchant secure and flexible payment solutions.

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KDDI Deploys Gemalto TSM for NFC-Based Flight Boarding

Gemalto digital security is providing its Allynis Trusted Service Management (TSM) solution to KDDI mobile network operators to provide NFC airline boarding service. Gemalto has been delivering its UpTeq NFC high end SIM to KDDI since March 2012 and now aims to boost usage of mobile boarding by providing increased speed and convenience to end users while reducing operational costs. Gemalto’s TSM allows KDDI to securely download the JAL application into the SIM, enabling passengers to just tap their mobile phone when required to present their boarding pass. It can easily expand using Gemalto’s TSM to include additional NFC services and applications such as contactless payments, loyalty programs, transportation and couponing.

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MasterCard, Equity Bank and Ezetap Launch mPOS

MasterCard and Equity Bank launched mPOS technology to Kenya, in conjunction with Ezetap. Part of the strategic alliance between Equity Bank and MasterCard to issue 5 million cards, this will give Equity Bank the necessary data to implement a more in-depth countrywide roll-out of the Ezetap MPOS solution. The mPOS consists of a lightweight and robust device that can be plugged into smart phones and tablets and is PCIDSS and PADSS compliant. Merchants with transaction volumes of less than US$100,000 are able to revolutionize their businesses with the adoption of this technology. It includes a mobile phone, the MPOS card reader payment application and the Ezetap MPOS Card Reader that plugs into the mobile handset.

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VeriFone Securities Being Investigated

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Glancy Binkow & Goldberg announces is investigating claims on behalf of purchasers of the securities of VeriFone Systems for violations to the federal securities laws. Concerning allegations statements issued by VeriFone were false and misleading in regards to its operations and financial performance, the investigation is related to allegations Verifone failed…

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SmartStream Envisions Single Back Office Solution

SmartStream Technologies launched their latest reconciliations solution developed in response to continued customer demand to cut operational costs and duplication of feeds – with the long term view of having a single platform for back office operations. This allows for better control over each entity and the ability to confidently report to all business lines. The new SmartStream offering avoids the need for multiple systems, multiple licences and the training of employees on different systems. Regulations arising from Dodd-Frank and EMIR, place new demands for regular and in some cases, daily reconciliations of these complex instruments. SmartStream’s customers can now roll-out an industry standard model for OTC Derivatives in the fastest time available today.

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TSYS Inks Full-Service Processing Agreement

TSYS signed a long-term payments agreement with MLS Direct Network for undisclosed terms. Through its Merchant Services segment, TSYS will provide full-service payment processing services, in addition to chargeback processing, technical support, and risk management services. In 2012, MLS Direct processed $3.6 billion in credit card processing through its provider networks.

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