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.

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Tyfone Inks Distribution Partnership with Protege Sistemas

Tyfone m-financial and security solutions partnered Protege Sistemas of Brazil to offer mobile banking, mobile wallet and mobile ticketing for mass transit with NFC to Brazil and Latin America. Protege Sistemas has been providing solutions in transport and automation of electronic transactions since 1987, processing millions of transactions every day, which is the market leading issuer of digital cards in the region. Tyfone’s robust, carrier neutral and device independent, mobile financial solutions suite, branded iCashe™, includes: mobile banking; patented smartcard based identity management for mobile security; and mobile payments, with and without NFC. Protege Sistemas and Tyfone will start the Brazilian rollout under the iCashe brand. Tyfone and Protege Sistemas will together add support for additional services including debit, credit and loyalty transactions, secure ID management and contactless payments in-store.

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China UnionPay & Discover Ink e-Commerce Directive

PayChina UnionPay bankcard association, with over 3.2 billion issued cards, now offers UnionPay cardholders an option to make online purchases at the websites of participating Discover Merchants. The UnionPay Online Payments (UPOP) service is UnionPay’s e-Commerce solution and was developed in response to the needs of issuers to offer UnionPay cardholders a safe and secure way to make purchases online around the world and in the U.S. Chinese are the largest group of international students in the U.S. with an increase of over 20% in 2011. UPOP will be available to Discover’s merchants, early in 2013, using the Centinel Universal Merchant Platform through Cardinal.

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Visa Announces President Retiring

John Partridge will step down as Visa’s president March 31, 2013. Partridge leads the company’s technology, emerging product, processing and client services functions. Additionally, he spear-headed the integration of recent acquisitions, including CyberSource, PlaySpan and Fundamo. He will work closely with Visa’s Chief Executive Officer, Charles W. Scharf, on a transition. Partridge made several significant contributions to the company’s success and positioned Visa for future growth. This after having served as chief operating officer of Visa and efforts to transform Visa from a membership association owned by financial institutions into a global, publicly traded company.

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NCR to Deploys Interactive Teller Service at FCU

Wright-Patt Credit Union will now implement “APTRA” Interactive Teller from NCR Corporation, allowing members to conduct remote, assisted-teller transactions over an ATM, interacting live with a centralized Wright-Patt teller who has control of the machine. APTRA Interactive Teller is part of NCR’s assisted service suite of solutions, combining the best of video collaboration and remote transaction-processing technology on an ATM. This will ultimately offer teller services after the branch has closed and add branch services in areas where they do not have a branch presence. Wright-Patt will install 12 walk-up units in branch lobbies and off-site locations, and seven additional units in branch drive-throughs. It also allows customers to perform secure transactions without using a traditional ATM card and, like branch tellers, remote tellers can provide customers access to cash in their accounts in amounts over the standard ATM daily cash withdrawal limits.

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VeriFone Embarks on New Market with Taxi Payment and Media

VeriFone Systems inked a comprehensive, long-term contract to provide credit card processing along with digital and traditional media to a Las Vegas cab company whereby it will provide nearly 100% of taxi card payment services in the city. This will generate $90 million over the term of the contract in revenue derived from equipment sales and fees from services and advertising. This deal includes advertising on the company’s airport shuttle bus service, enabling VeriFone to provide virtually blanket exposure to visitors for advertising and promotional campaigns. Cab-goers will enjoy a 10-inch tablet and make electronic payments on VeriFone’s NFC and EMV-enabled VX 820 payment solution.

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M-Banking Usage Up 50% Y/Y

Mobile banking is now allowing more banks to drive out costs and deepen customer relationships, according to Bain & Company’s annual “Customer Loyalty in Retail Banking Report (2012 global edition).” The report finds that Asia has the highest mobile banking penetration while survey respondents in the U.S. reported the highest frequency, averaging 4.9 mobile transactions in the previous three months. Meanwhile, 64% of mobile banking users in the U.S. say that the future ability to use their smartphones or tablets to check account balances would be highly valued and 41% say using their smart device for remote deposit capture (through a digital image of an endorsed check) would be highly valued. U.S. mobile users report greater loyalty.

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TSYS Expands Card Management with NMB Bank

NMB Bank Limited (NMB) has signed an agreement to migrate its Visa credit card portfolio to TSYS “Prime 4” licensed card and merchant management solution. NMB will use “PRIME” 4 to manage its cards issuing and cash acquiring as it seeks to expand its range of card services for consumers and businesses. The “PRIME 4” solution is a multi-lingual, multi-currency, multi-institutional and multi-product, single platform solution for issuers and acquirers.

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Over 80% of Shoppers to Buy Retail Gift Cards This Season

The National Retail Federation (NRF) is projecting over 80% of shoppers will purchase at least one gift card with total holiday spending approaching $30 billion in 2012. The Retail Gift Card Association (RGCA), made up of some of the nation’s largest retailers, wants all consumers to know that gift cards purchased at their member companies have no fees, never expire and are a convenient – and coveted – gift.

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Virtual Piggy Inks Expansion Partnership with WorldPay

Virtual Piggy has entered into a Strategic Partnership with WorldPay to further expand its eCommerce service in the international marketplace. Virtual Piggy allows parents to set up a monthly allowance for their children and promotes financial management, while empowering youth under 21 to make purchasing, saving and other money management decisions for themselves, within the boundaries setup by parents in over 100 different currencies. Meanwhile, WorldPay merchant acquirer operates in more than forty countries, 120 transaction currencies and fourteen settlement currencies.

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EVO Payments International Buys PowerPay

EVO Payments International privately held credit card processor has acquired PowerPay, a premier provider of integrated E-Commerce and POS payment processing solutions. EVO currently services 275,000 merchant customer businesses of all sizes, in various industries, focusing on small to mid-sized merchants. PowerPay currently supports a portfolio of 55,000 merchanchants with a total annual sales volume of more than $8 billion and relationships with over 15,000 VARs and agents.

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