Virtual Piggy Partners SpiritHoods Kids

Virtual Piggy will provide its youth-friendly payment system to the youth oriented sub-brand of SpiritHoods, SpiritHoods Kids. This offers detailed, high quality hoods inspired by the animal world. They have been profiled in Entrepreneur Magazine, Cosmopolitan, and LuckyKids, and are favorites of celebrities such as Khloe Kardashian, Vanessa Hudgens, and Bella Thorne. When you purchase a product from their ProBlue label, SpiritHoods donates 10% off net profits to a non-profit dedicated to the protection of that animal.

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Great Western Bank deploys VSoft Image Processing

Great Western Bank selected VSoft’s branch and item capture and image processing solutions. The bank replaced its existing payments platform with VSoft’s branch item capture solution for its ability to allow branch operators to key, balance and reject/repair images at point of capture, rather than defer that work to a central operations area. The bank is also performing inclearing, and transmission of cash letters with VSoft’s image exchange solution. Great Western Bank will also use VSoft solutions to enable image delivery through customer e-statements, CDs or by interfacing directly to home banking systems.

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Suncorp Bank Implements FIS Financial Payment Switching

FIS migrated Suncorp Bank onto the CONNEX switching platform for POS transactions, effective 1H/13. CONNEX manages both POS and ATM networks, supports new payment technologies and sustains the bank’s continued roll out of Europay, MasterCard® and Visa® (EMV®), a global standard for inter-operation of integrated circuit cards. CONNEX is a comprehensive solution for ATM and POS terminal driving, transaction acquiring, switching and authorization and leverages a fault tolerant, redundant architecture to provide a robust, high volume, high availability and highly scalable switch processing environment.

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Unemployment Rate Up, Holiday Impact Still Helpful

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total payroll employment was up 155,000 in December as the unemployment rate remained relatively unmoved at 7.8% as the number of unemployed crept up to 12.2 million. Those jobless 27 weeks or more was little changed at 4.8 million in December, accounting for 39.1% of the unemployed. Meanwhile, 2.6 million persons…

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Charge Payment Buys Trust One Payment Services

Trust One Payment Services has been purchased by Charge Payment. Trust One provides credit and debit card processing services to small- and mid-sized business merchants, primarily in the southeastern United States. The Company currently processes over $700 million in annual charge volume for approximately 2,800 merchants, and its merchant portfolio is diversified across a range of business sectors, with an emphasis on outsourced receivables management and e-commerce. Trust One will continue to operate as a wholly owned subsidiary of Charge Payment.

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NCR Acquires uGenius, Enhances Video ATM Technology

NCR Corporation has purchased uGenius Technology video banking software to help it continue to grow its APTRA Interactive Teller solution. This lets consumers conduct remote, assisted-teller transactions over an ATM – speaking with a live teller who has control of the machine, which NCR will pilot for APTRA Interactive Teller throughout 1H/13. NCR and uGenius collaborated to build the first ATM that lets consumers talk and bank with a live, remote teller, which will let banks deliver a face-to-face banking experience for longer hours and offer more services to their customers. NCR also anticipates leveraging other uGenius technologies such as SmartOffice and Online Video Banking to expand the delivery of video banking to multi-channel solutions across NCR Financial Services and other industry verticals. Consumers can now connect and interact with a remote teller in a highly personalized, two-way audio/video experience.

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Collis Tools GlobalPlatform Certified

GlobalPlatform has qualified the new Collis Compliance Test Suite for GlobalPlatform Mapping Guidelines and the Collis Compliance Test Suite for GlobalPlatform SWP and HCI. UL is offering a full portfolio of GlobalPlatform qualified test suites that completely ensure the interoperability of smart-cards or secure elements within the GlobalPlatform ecosystem. The Collis Compliance Test Suite for GlobalPlatform Mapping Guidelines ensures the compliance of a card that implements the GlobalPlatform Mapping Guidelines specification and has also been designed to be compatible with other cards that implement a core set of GlobalPlatform Card 2.2.1 functionality.

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State Bank of India Elicits ElectraCard for ATM Expansion

State Bank of India (SBI), with over 10,000 ATMs and Kiosks and processing 10 million transactions on a single day on electra platform, partnered ElectraCard Services’ electra payment platform to grow its ATM and Debit Card base. The SBI has plans to increase its network to 60,000 ATMs in the near future, and already has over 50 Million debit cards on electra platform – making it one of the largest payments EFT switch installation in the world. With “electraSWITCH” at SBI, the bank is providing continuous transaction processing services for their customers.

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Conference Board LEI Down First Time in Months

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Leading Economic Index for the U.S. dropped 0.2% in November to 95.8. This 2 straight months of positive performance, with a 0.3% increase in October and a 0.4% increase in September. This is thanks to increasing risks of slowing economic activity in the near term, as growth will…

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TSYS Acquires ProPay For Undisclosed Terms

TSYS announced has completed its acquisition of ProPay. ProPay previously operated as a privately-held company, and offers simple, secure and affordable payment solutions for organizations ranging from small, home-based entrepreneurs to multi-billion dollar enterprises. Financial Technology Partners LP and FTP Securities acted as exclusive financial and strategic advisors to ProPay and its Board of Directors in this transaction. ProPay has provided simple, secure, and affordable payment solutions for organizations ranging from the small, home-based entrepreneur to multi-billion-dollar enterprises.

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