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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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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NCR System Integrity Protects Customer Data and Store Systems

Retailers with data security problems face regulatory penalties, negative publicity, customer wrath and lost revenue, which NCR is addressing with its “System Integrity for Retail.” Through an agreement with McAfee, NCR System Integrity for Retail protects an entire store from the point-of-sale to back-office systems. The NCR “System Integrity” stops unapproved POS software or systems changes, reducing the risk of inadvertent or malicious installation of viruses or malware, reducing the risk of costly system shut-downs, exposure to data loss and costly regulatory fines and penalties.

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UBPS Acquires JetPay Real Time Processor

Universal Business Payment Solutions Acquisition Corporation completed its acquisitions of the JetPay card processor and the A D Computer Corporation companies. A D Computer has its own innovative technology platform, designed with optimum flexibility to accommodate payrolls of all sizes – from small family businesses to large corporations with 10,000 or more employees. JetPay offers real time credit card and ACH processing and is a merchant account provider that process all front end authorizations as well as all back end clearing and settlement functions in-house from end-to-end for both card-present as well as card-not-present transactions. It expects to process more than $30 billion in sales volume with over 150 million transactions for merchants as well as independent sales organizations.

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Charge Payment Buys Trust One Payment Services

Charge Payment, LLC has purchased Trust One Payment Services for undisclosed terms. Providing credit and debit card processing services to small- and mid-sized business merchants, Trust One Payment Services 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. The Trust One Payment Services team will continue to operate Trust One as a wholly owned subsidiary of Charge Payment.

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Discover Launches No-Fee Credit Card

Discover Financial Services launched its Discover “it” no annual fee credit card. Giving cardmembers rewards and special features, “it” combines special benefits and an enhanced customer experience. With their name and card number on the back of the card, cardmembers can expect the best of what Discover offers with no annual fee, no overlimit fee, no pay-by-phone fee, no foreign transaction fee and no fee for your first late payment. Discover’s $0 Fraud Liability Guarantee means cardmembers are never responsible for unauthorized charges on their account and can earn 5% Cashback Bonus in relevant categories that change throughout the year, up to a quarterly maximum, when they sign up for each 5% program. Cardmembers also earn 5-20% Cashback Bonus through the company’s online shopping portal, ShopDiscover, and can use the new Cashback Concierge, a free service that guides customers through a one-on-one online tour that helps them get the most from their rewards based on how they use their cards.

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Banco Popular and EVO Payments Forge Merchant Acquiring JV

Banco Popular partnered EVO Payments International merchant acquirer to form a JV to provide merchant acquiring services. EVO Payments International will acquire a controlling interest in Banco Popular’s merchant acquiring business in Spain. The Bank and EVO will enter a ten year marketing alliance in which the Bank will exclusively refer its merchant customers to the joint venture for merchant acquiring services, as well as provide card network sponsorship. The proposed joint venture is valued at over €70 million. Banco Popular remains committed to enhancing and specializing its product offering to its corporate and SME customers and merchants. The arrangement with EVO will provide for the introduction of innovative products and services to Banco Popular’s existing and future merchant customers in Spain.

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