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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Michael Waltrip Racing Teams CardStar on Mobile App

Michael Waltrip Racing (MWR) has teamed up with CardStar from Constant Contact to give key sponsors and NASCAR partners an easy way to reward loyal fans through the CardStar app. MWR has a perfect opportunity to reach fans with targeted content and promotions through their smartphone. Race fans can become an MWR Insider anytime by downloading the CardStar app and the MWR Insider Card. The card gets them access to MWR merchandise and exclusive offers from partners and sponsors, like Aaron’s, 5-Hour ENERGY, and Monte Carlo Resort and Casino, right from their phone. The program will also drive foot traffic through geo-fencing capabilities that push special offers directly to the phones of consumers who are near participating local businesses. CardStar’s free mobile loyalty application is available on all major mobile platforms. CardStar has more than 3 million active users, and with users in all 50 U.S. states and 173 countries worldwide.

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EnStream to Enable SecureKey Authentication Technology

SecureKey Technologies completed an agreement with EnStream to enable SecureKey authentication technology on mobile phones. SecureKey recently launched its SecureKey “Concierge” authentication service for the Government of Canada that enables Canadians to use their bank authentication credentials to obtain access to online government services like pension, tax and benefits. This promotes the interoperability of security credentials as SecureKey allows consumers and businesses to securely access online services and affect online payments simply using their mobile devices for enhanced NFC security and authentication.

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Telekom Deutschland Implements Atos Worldline Payment

Atos Worldline hi-tech transactional services signed a framework agreement with Telekom Deutschland for the development, setup and operation of the new “Pay-At-Match” system. This new cashless and cardless system permits secure and convenient payments by enabling customers to use their fingerprint and a personal identification number (PIN). The decisive factor was primarily Atos Worldline technological background and know-how gathered of 40 years. Telekom Deutschland can now benefit from this wealth of experience in implementing innovative, efficient and secure payment systems. By speeding up payment processing, this secure and convenient biometric authentication method reduces waiting times at the cash desk and thus leads to greater customer satisfaction.

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Bank Asya Deploys Diebold ATMs

Diebold is delivering the advanced functionality and efficiency of its Opteva automated teller machines (ATMs) and Agilis 3 software to Bank Asya. Diebold installed 161 advanced-function ATMs, including 146 Opteva 760 and Opteva 720 ATMs and 15 Opteva 868 cash recycling terminals. Bank Asya is partnering with Diebold to provide consumers with additional self-service options and a consistent experience at the self-service channel. Diebold’s cash recycling deposit automation modules offer flexible migration options and help transform self-service deposits into a more teller-like interaction”enabling a higher-quality transaction for optimum consumer experience. All of the ATMs will be equipped with Diebold’s Agilis 3 software, which provide seamless integration of solutions and services in both multi-channel and multi-vendor environments.

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Average Card Rates Demonstrate Atypical Stagnation

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average credit card APRs did not experienced the typical post-holiday season plummet from January to February, holding at a steady 14.96% February average. Slightly higher than the 14.91% average measured the year ago period, the average credit card APR has settled just below 15%. This after a nearly 0.50% jump in…

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Visa to Showcase mPayments at mWorld Congress in Spain

Visa, in collaboration with mobile operators is set to demonstrate at the Mobile World Congress 2013 in Spain. Visa’s product showcase will provide attendees the NFC Mobile Payment Experience, for which it partnered with Telefonica, La Caixa and the GSMA to provide select Mobile World Congress attendees with a hands-on mobile payments experience. Also Visa and GSMA will release a new five-country study, “Unlocking the Potential: Women and Mobile Financial Services in Emerging Markets,” offering insights on how mobile financial services can better support the complex financial lives of women at the base of the pyramid.

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Huntington Partners OPF to Deploy 88 New ATMs at Go Mart

One Point Financial (OPF) ATM operator partnered Huntington Bank, allowing the bank customers to access their accounts with no fee by using ATMs at 88 Go Mart locations. The new ATMs are in addition to the existing 31 Huntington branches and 53 Huntington ATMs. OPF finalized an agreement with Huntington to brand the ATMs. The first ATMs will be placed in Go Marts beginning in early March while all 88 are expected to be placed by mid-March.

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Virtual Piggy Expands Internationally

Virtual Piggy safe youth payments announced the addition of WorldPay as a payment gateway partner. Virtual Piggy allows parents to set up a monthly allowance for their children and promotes financial management while empowering under 18’s to make purchasing, saving and other money management decisions for themselves. WorldPay is a major global leader in payment processing, handling an average of over 12 million transactions per day. WorldPay was the first UK bank to offer a full internet banking service and now operates in over 40 countries, making it one of Europe’s largest payment service providers. The company offers services across the entire payment value chain, including transaction capturing, merchant acquiring and transaction processing. The companies have completed the integration of their solutions, to which WorldPay brings 200 alternative payment mechanisms.

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Computop Partners SafetyPay for Payment Platform

Computop payment service provider and SafetyPay online-banking payment solution allowing consumers to shop and pay directly from their bank account announced their strategic global partnership. Computop will now offer the SafetyPay solution on its “Paygate” payment platform, thus expanding its comprehensive range of secure payment options. SafetyPay allows those with an online bank account to shop and pay using their own currency from businesses. Now “Paygate” merchant customers can offer SafetyPay for secure online payment options.

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Checkpoint Systems Launches Enhanced Performance EAS

Checkpoint Systems shrink management solutions, announced a new enhanced performance (EP) anti-theft EAS (Electronic Article Surveillance) food label for supermarkets that is certified to be microwave safe. The 4010 EP Food Label was designed specifically to protect fresh and frozen supermarket food. It has been certified as microwave safe and non-flammable by TUV Rheinland, an international service group that provides manufacturers with assessment and certification services to ensure product safety. The 4010 EP Food Label can be applied through high-speed source tagging at the point of manufacture, or through in-store tagging.

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VTB Bank Inks First Data Issuing Processing Partnership

First Data electronic commerce and payment processing and TeleCash signed an issuing processing contract with VTB Bank (Deutschland) AG corporate and commercial bank. By this, First Data will provide VTB Bank (Deutschland) AG with issuing services for its new MasterCard corporate card portfolio which features a bespoke bankcard design and comprehensive insurance package. VTB Bank (Deutschland) AG will complete its service package for corporate clients, for which First Data will include technical processing of electronic transactions, operational services and fraud management services.

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