MasterCard reports KeyBank agreement

MasterCard and KeyBank announced MasterCard will be the exclusive payment network for a new suite of KeyBank credit card products. KeyBank will launch the MasterCard branded suite of cards this year to further strengthen the strategic relationship between KeyBank and MasterCard that previously included long-standing agreements in debit and ATM. The renewed credit card focus includes the purchase of a $725 million credit card portfolio earlier this year, and the bank’s expanded relationship with MasterCard bolsters its Relationship Rewards program. The “Relationship Rewards” program allows clients to earn points for everyday banking activities, including debit and credit card purchases.

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PayPal Extends OLO6 Interest

OLO digital commerce engine for restaurants announced a $5 million dollar Series B financing from PayPal and existing investors. OLO allows customers to order and pay from restaurant websites and mobile apps, so that they can Skip the Line at the restaurant of their choosing. OLO transmits the prepaid order directly to the restaurant point-of-sale (POS) system. OLO is committed to serving as an open and independent commerce platform that allows restaurants to choose whichever payment types they would like to accept – a common carrier for digital commerce. OLO accepts all major credit cards, many stored-value cards, and digital wallet providers.

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Western Union Expands Operation in Central Europe

Western Union Business Solutions global payment services launched new offices in Frankfurt, Germany and Vienna, Austria to bring improved international payments services to companies and organizations that operate internationally in both markets, particularly in the SME sector. These services include financial products designed specifically to support small and medium sized importers and exporters, allowing customers to execute payments in over 135 currencies to over 200 countries and territories around the world. The opening of German and Austrian offices is a key element of Western Union Business Solutions’ European expansion strategy as it grows its global presence.

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Western Union Extends Direct-to-Bank Network

Western Union expanded its Direct-to-Bank service to include China and Canada. Customers there can now receive money into their bank accounts from the westernunion.com site in the U.K. Western Union money transfers, sent through Direct-to-Bank, can be directed to most bank accounts in China. This service will be extended to additional sending countries over the next few months. With this latest digital deployment, customers can send money through westernunion.com from 23 countries into bank accounts in up to 46 countries depending on country-specific regulations.

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WorldNet & Payius Sign White Label Agreement

WorldNet domestic and international eCommerce and mCommerce clients announced the signing of a license agreement with payments provider Payius AB, by which WorldNet will provide Payius with a fully hosted Payment Gateway solution on the WorldNet platform. WorldNet will provide Payius AB with a full suite of eCommerce and Mobile payment solutions for distribution under the Payius AB brand in Sweden and other selected International markets.

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First Data Names Interim CEO

First Data announced its Board of Directors named Ed Labry interim CEO while it conducts a selection process. For continuity and stability, Ed’s experience and knowledge of the company will maintain its position in a dynamic electronic payments industry. Bringing with him almost 30 years’ experience in the payments industry- most of that time at First Data or one of its subsidiaries- Ed will ensure the company remains customer-focused with a drive to its 2013 objectives.

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Acculynk Joins EMV Migration

Acculynk joined the EMV Migration Forum, an industry body formed by the Smart Card Alliance to promote the timely and efficient migration to EMV-enabled cards, devices and terminals in the United States. The EMV Migration Forum has experienced tremendous growth since its formation several months ago, growing to 100 members from the entire payments industry, including global payment brands, financial institutions, merchants, processors, acquirers, regional debit networks, device manufacturers and industry associations.

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Salt Technology Announces $2mm in Funding

Salt Technology cloud-based mobile payments platform secured $2M in financing from private investors with deep roots in the mobile, financial and payments technology sectors. This will accelerate the development and delivery of the SALT Payment Platform, SALT Personal Payment Profile, and SALT Merchant Services that enable MNOs, financial institutions and merchants to bring branded mobile wallets to market quickly, on any device, and with any payment type. The SALT Payment Platform makes it possible to provide NFC, cloud-based and remote QR code-based payment product. The company also offers Personal Payment Profile for a secure, universal payment credential with credit, debit cards and loyalty cards.

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MasterCard Qualifies Acquirer Card Personalization

Acquirer Systems announced MasterCard Worldwide has qualified the Acquirer Systems Personalisation Validation Toolkit, Pivot, against their most recent card personalization requirements. Accurate testing and validation of both contact (EMV) and contactless and mobile MasterCard PayPass cards is vital to the global interoperability of payment cards. PIVOT is maintained against the latest network standards to help card developers, issuers and bureaux ensure that their MasterCard payment products are personalized correctly. This new update sees the addition of almost 250 new card tests as well as a fully programmable card analyzer and data validator.

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Fortumo App Payment Providers Supports Windows 8

Mobile payments is working closely with Microsoft to give Windows 8 developers flexible payout options for in-app payments. Fortumo was one of the first in-app payments providers to support Windows 8, launching its service just five days after the general availability of the new operating system. Fortumo will waive its commission for the first six months for all developers who integrate Fortumo’s billing software development kit (SDK) by May 31st 2013. Fortumo’s system works via mobile operator billing, wherein customers pay for digital goods via their mobile operator bill, a strong alternative to credit cards.

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State Bank of India Deploys FSS ATM Upgrade

Financial Software & Systems key Payment Systems Integrator announced a landmark technology upgrade for the bank, having implemented and integrated ACI’s BASE24 transaction switch application ver 6.10. The bank also upgraded the software to run on the high-end HP NonStop NB54000c Blade System which will help SBI increase its ATM network from 30,000+ to over 60,000+ ATMs in the next two to three years. SBI’s ATM expansion plans will actively support Government of India / Ministry of Finance ambitious mission to increase ATM penetration in the country of which SBI has the largest contribution. FSS has furnished SBI with multiple upgrades to the transaction switch to scale and handle several thousand ATMs and have upgraded their debit card management and reconciliation systems from FSS to process the card lifecycle for over 100 million+ cards.

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