Western Union Offers Relief for Typhoon Disaster

Western Union global payment services announced a series of relief efforts to support communities in the Philippines devastated by Typhoon Bopha. With this, westernunion.com is offering fee-free money transfers to the Philippines. The online fee-free* money transfer service to the Philippines is available for all money transfers sent from www.westernunion.com and its mobile app between December 12-21, 2012, and is subject to network, service and currency availability. Additionally, the Western Union Foundation will provide a $50,000 grant to the Philippines Red Cross for shelter, food and basic necessities.

Details

Discover Names New Bank President

Discover announced James J. Roszkowski has been named president of Discover Bank. Bringing with him more than 30 years of experience in consumer banking, financial services, payments and economic development to the role, Roszkowski is now responsible for all aspects of the Delaware banking activities and serves as a liaison to the greater Delaware business community. Roszkowski is also to manage consumer banking affinity relationships and will sit on the board of directors. He was most recently a senior executive vice president and a member of the Senior Operating Management Committee of MBNA America, where he worked since 1989 and holds a bachelor’s degree in economics and business management from the Peter J. Tobin College of Business at Saint John’s University.

Details

ControlScan & Foregenix Expand Global Footprint

Specialist Payment Card Industry (PCI) security service providers ControlScan and Foregenix have formed a strategic alliance to deliver a market-leading suite of technology solutions to acquiring banks and merchant service providers working with small and mid-sized businesses (SMBs) in Europe, the Middle East and Africa. In the U.S. marketplace, Atlanta-based ControlScan is recognized for its expertise in helping SMBs understand, navigate and complete their obligations of the PCI DSS. Foregenix conducts a variety of PCI and security-related assessments as well as post-breach investigations throughout the EMEA region. Both organizations are relied upon by acquiring banks and merchant service providers to reduce their associated risk in working with SMB merchants.

Details

nFinanSe Finishes AccountNow Sale

nFinanSe announced a provider of general purpose reloadable (GPR) prepaid cards in the direct-to-consumer sales channel. Closed in phases, the First Closing involved the sale of the operational assets of nFinanSe to an entity wholly owned by AccountNow. Assets of nFinanSe will consist solely of the stock of nFinanSe Payments Inc., the wholly-owned subsidiary of the Company that holds various state money transmitter licenses. AccountNow has an option to acquire the stock of nFinanSe Payments for a nominal payment at a Second Closing upon certain states granting approval for a change of control of its money transmitter licenses. It is highly unlikely that any proceeds will be available to holders of any other series of nFinanSe’s Convertible Preferred Stock or its Common Stock and after the Second Closing, nFinanSe will have no assets.

Details

BSI Implements Fiserv Platform

BSI Financial Services (BSI) has selected the Fiserv “LoanServ” platform. BSI is replacing its previous banking system with LoanServ from Fiserv to automate many of its manual processes and provide enhanced default management capabilities and other services to its clients. Deploying “LoanServ” strengthens BSI business model and provides an advanced technology platform to support unprecedented growth. The “LoanServ” platform is available to help automate all loan servicing processes, including integrated default management and collections, cashiering, escrow and investor accounting for both closed-end and revolving loans.

Details

Bluefin Payment Systems Appoints Board Member

Bluefin Payment Systems secure payment gateway technology announced Dickson Chu has joined its board of directors. Currently a principal at DC Advisors, Chu has served as the SVP of Merchant Solutions for Living Social, Managing Director of Citibank, and Vice President, Head of Global Products & Experience for PayPal. Bluefin Payment Systems focuses on enabling full-service payment solutions to software platforms offered by companies in a diverse range of verticals, including health/fitness, medical, legal, transportation, death care and more. Chu brings more than 25 years of experience in payments and technology and is an active advisor to a number of emerging companies. He was also SVP of Merchant Solutions for Living Social, where he managed the creation of a new business unit.

Details

Payment Alliance International Partners Planet Payment

Payment Alliance International (PAI) electronic payment processing solutions and ATM Deployer (IAD) partnered Planet Payment multi-currency payment and data processor to roll out “Bank in Your Currency” from Planet Payment, a real-time dynamic currency conversion (DCC) solution for ATMs. It will be integrated into PAI’s nationwide ATM network, improving the experience for international cardholders and facilitating the progression toward EMV or smart card transaction processing at the ATM, in line with the industry’s move in this direction. This provides international cardholders with the ability to instantly view, select and manage the conversion to their “home currency” of the U.S. dollar amount dispensed at participating ATMs.

Details

INSIDE Secure Adds Representative Firm for Intl Expansion

INSIDE Secure announced Tritech has been named to represent its product offerings, allowing the company to more easily provide customers with local design and engineering support and easy access to its broad portfolio of security solutions. Tritech will offer INSIDE’s portfolio of secure microcontroller, NFC and contactless/contact payment solutions to start-ups and major OEM’s in the communication, medical, industrial control and security sectors in the local Israeli economy. Tritech Ltd. will sell and support INSIDE Secure’s complete product line, including industry-leading VaultIC™ and MicroPass® secure solutions, MicroRead®, SecuRead® and Open NFC hardware and software.

Details

Cardtronics Canada Acquires Can-Do-Cash, Expands ATM Fleet

Cardtronics announced that its wholly-owned subsidiary, Cardtronics Canada, acquired Can-Do-Cash privately held ATM services company. Expanding the overall Cardtronics Canada ATM portfolio by 800 cash machines, Can-Do-Cash delivers accelerated growth primarily in Ontario and Quebec. This acquisition grows the total Cardtronics Canada fleet to 1,840 ATMs, a sizeable jump from the 600 ATM portfolio Cardtronics acquired in late 2011 with its purchase of Mr. Cash. The co-owners of Can-Do-Cash will join Cardtronics Canada as VP, Business Development and VP, Operations.

Details