Visa Launches Ready Partner Program

Visa launched a new partner program designed to accelerate the introduction of innovative payment solutions globally and further drive the global migration from cash to electronic payments. The Visa Ready Partner Program paves the way for mobile device manufacturers, technology partners, mobile network operators, and others, to easily navigate the complexities of the payments ecosystem, and to gain access to Visa IP, licenses and best practices. The Program is designed to provide innovators a path to ensure that devices, software and solutions used to initiate or accept Visa payments are compatible with Visa’s requirements, which may vary by country. It also provides a framework for the collaboration with Visa, as well as guidance and best practices to access the power of the Visa network. Mobile point-of-sale acceptance (mPOS) providers, mobile NFC-enabled device manufacturers, and chip and platform providers are among the stakeholders that are already playing a critical role in enabling new ways to pay and that will benefit from the Visa Ready Partner Program.

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VeriFone Posts 1Q/13 Revenue Projection

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] VeriFone expects to report 1Q net revenue between $425 million to $430 million and net revenues between $424 million to $428 million. VeriFone expects to report non-GAAP net income per share between $0.47 and $0.50 and GAAP net income per share between $0.07 and $0.10. The revision was driven by weak…

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MoneyGram Sees 4Q/10 Revenue Up 13%, Booming Network

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MoneyGram, now with a global network of more than 310,000 agent locations, posted 4Q/12 money transfer fee and other revenue constant currency growth of 13%. Meanwhile, transaction growth was more than 14%, thanks in great part to a growing agent network. Over the past 30 months, MoneyGram added 100,000 agent locations-…

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MoneyGram and CUNA Mark 40 Years Serving Credit Unions

MoneyGram and CUNA Strategic Services (CSS) are commemorating their 40-year relationship of working together to provide credit unions across the U.S. with affordable, reliable and convenient payment services. The strength in their partnership is in great part thanks to a fast growing unbanked and underbanked population. MoneyGram will be part of the CSS providers showcased on the main aisle in the exhibit hall, where it will feature its full suite of payment solutions available to credit unions.

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TSYS Expands Internationally with LINK Scheme

TSYS is now a Certified Service Bureau of the LINK Scheme and will subsequently begin processing ATM transactions through the network for its first client in 2013 and will have the ability to process LINK transactions on behalf of any LINK member. LINK ATM network has more than 35 member institutions, including various banks and building societies and connects virtually every ATM in the United Kingdom, operated by VocaLink.

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ACE Cash Express Adds MoneyGram Online Services

MoneyGram announced ACE Cash Express has added its online service to its “Cash Express” website. Available to customers now, the Moneygram service features a link on ACE Cash Express’ Web site where customers can connect directly to MoneyGram to send money and pay bills. The online collaboration between MoneyGram and ACE Cash Express builds on more than a decade since the two financial services companies started working together. ACE Cash Express online consumers click on the MoneyGram Online icon and will be taken to the home page of MoneyGram where they can estimate the cost of sending a transaction, send a money transfer, or pay a bill.

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Gemalto, Banco Itaú and TIM Launch NFC Pilot Program

Gemalto digital security announced its UpTeq NFC SIM and AllynisTrusted Services Management (TSM) platform are at the core of Brazil’s first mobile NFC payment program. TIM Brasil, a mobile operator with 70 million subscribers, and Banco Itaú, one of the world’s largest banks, are using Gemalto’s technology to transform smartphones into convenient mobile payment solutions that enable secure, on-the-go transactions by simply waving the handset close to a contactless payment terminal. Gemalto’s TSM platform will enable the secure integration and management of NFC services across the country. Gemalto’s NFC SIM cards and TSM platform greatly simplify and speed up secure mobile transactions, keeping sensitive account data private while providing a value added service that increases customer satisfaction and loyalty for brands and banks.

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Oxygen8 Expands mPayment Service Globally

Oxygen8 Group, provider of integrated mobile solutions, announced the global expansion of its “Bridge” mobile money transfer hub. Connecting even more Mobile Network Operators and Remittance Organizations to mobile wallet markets around the world, the rollout marks the beginning of a significant investment in 2013 that will drive the company further into the innovative mobile payments space. It is also compatible with all M-wallet systems and supports integration with money sending and receiving organisations other than mobile operators, such as Payment Service Providers (PSPs), cash-in or cash-out agents and financial institutions such as banks.

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Conference Board Economic Index Continues Momentum

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Leading Economic Index (LEI) for the U.S. was up 0.2% in January to 94.1 after a 0.5% gain in December and a flat November. Indicating a slow but continued expansion in economic activity, this growth was also thanks to improvements in housing permits and financial components helped boost…

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Western Union Certifies Ericsson mWallet Platform

Western Union Company global payment services certified the Ericsson Wallet Platform, allowing Ericsson to offer its operator customers the ability to include Western Union® Mobile Money Transfers in their financial services portfolios. The Ericsson M-Commerce services portfolio is designed to unlock the potential of the mobile wallet, fast-track mobile operators’ time to market for deploying mobile financial services, and support the rapid adoption of m-commerce by their subscribers.

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Katahdin Trust Deploys Fiserv Platform

Katahdin Trust Company has chosen the Fiserv Premier bank platform, as well as a comprehensive selection of additional solutions from Fiserv. Fiserv allows Katahdin Trust Company to effectively compete with larger banks in its market by quickly bringing innovative products and services to its customers. One such product, Mobile Source Capture(TM) from Fiserv, turns a smartphone into a deposit-making device, enabling consumers and small businesses to safely and securely deposit checks from any location. Technology provided includes business online banking, wire services and check capture to make business banking easier and expand beyond the bank’s traditional geographic footprint. The institution will also deploy Fiserv “Popmoney” for person-to-person payments, “CheckFree RXP” for bill payments, “Mobiliti” for mobile banking, “Business Online” and “Retail Online” for online banking, “Branch Source Capture,” “Merchant Source Capture” for check capture and “WireXchange” for wire transfers, along with a host of other services.

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TSYS Acquires NetSpend for $1.4B

TSYS payment solutions and NetSpend general purpose reloadable (GPR) prepaid debit cards signed a definitive agreements by which TSYS will acquire NetSpend for $1.4 billion, cash. TSYS expects the transaction to be accretive to GAAP EPS for the first 12 month period following closing, excluding one-time acquisition related fees and expenses. NetSpend’s extensive distribution network provides consumers the ability to purchase prepaid debit cards at more than 62,000 distributing merchant locations, such as retailers, check cashers, convenience stores, grocers, insurance providers, tax preparers and many others. NetSpend currently serves more than 2.4 million accounts of which 46% are direct deposit.

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