Outstanding Consumer Debt Up Once Again

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit having dropped 6.7% in July since the year ago figure, it was up in August 5.9%, according to the Federal Reserve. Up from the July figure of $850.7 billion to $854.9 billion, outstanding revolving US consumer credit compares to the year ago figure…

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GPC Migrates to TranzWare from Compass Plus

Compass Plus retail banking software and electronic payments systems has migrated Global Processing Centre (GPC) to TranzWare from Compass Plus in just over three months. GPC chose TranzWare to help expand its business from issuing prepaid cards to offering PCI DSS certified comprehensive issuing and acquiring services to the region with full compliance to the EMV standard. GPC customers in the Latin American and Caribbean region will now benefit from these additional processing services along with newly implemented remote banking services.

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AmEx Partners Cvent to Launch Integrated Meetings Sourcing Solution

American Express Meetings & Events full-service global meetings and events management provider partnered Cvent meetings technology company to offer an integrated service and technology solution for the management of meetings and events. This extends the companies’ existing relationship, under which American Express Meetings & Events’ global team is now using Cvent’s Supplier Network, to one where Cvent is also developing a set of customized tools and capabilities that can help American Express Meetings & Events clients more effectively and easily manage their meetings and events investments.

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GiftCard.com Partners Susan G Komen Foundation

GiftCard.com gift cards and incentive cards added the Support Pink Card to their selection of customizable gift cards on GiftCard.com and customizable incentive cards on IncentiveCardLab.com. The Limited Edition Support Pink Gift Card will only be available for purchase until Race Day on October 20th. The $5.95 per card price for every Support Pink Card purchased will be donated to the Susan G. Komen Foundation. The Susan G. Komen Foundation operates the largest series of 5K runs/fitness walks in the world. The race grew from 800 runners in Dallas, Texas in 1983 to over 1.3 million participants in more than 100 races around the United States and other countries in 2000. It raises funds and awareness for the fight against breast cancer, celebrates cancer survivors, and honors those who have lost their life to the disease.

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Oberthur Technologies Acquires Cupola Plastic Cards

Oberthur Technologies smart card technologies acquired Cupola Plastic Cards. Oberthur Technologies and Cupola Plastic Cards will become the regional leader in the Middle East and secure a strong presence in a number of African markets. Oberthur Technologies is able to offer customers a very diverse portfolio of payment cards, including EMV cards such as SDA, DDA, CPA and Dual Interface cards for contactless payments, enabling customers to benefit from the experience of thousands of successful EMV migrations. The company also offers solutions such as the Smart PIN, where the customer receives his banking card PIN via SMS, which is particularly interesting in the Middle East as most private addresses are P.O. Boxes.

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USA Technologies Demonstrates m-Interactive Coupon

USA Technologies wireless, cashless payment and M2M (machine-to-machine) telemetry solutions for small-ticket, self-serve retailing industries, will be demonstrating new mobile-based loyalty and couponing services at CTIA MobileCON 2012, October 9-11.The mobile application enables consumers to receive product and brand information, manage and redeem loyalty points for coupons and cash to use at participating unattended and traditional retail locations, search for participating retailers based on where the consumer is in real time, and verify that their favorite item is in stock at the machine in their area. Consumers can redeem coupons at unattended terminals using their NFC phones with digital wallet, credit card or debit cards, or a prepaid account.

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SunTrust Implements NCR RDC to Offer mDeposits

NCR Corporation has built on its relationship with SunTrust Banks, deploying NCR APTRATM Passport to roll out remote deposit services using multiple channels. With APTRA Passport, SunTrust can deliver a consistent cross-channel remote deposit capture (RDC) experience and more convenience to commercial and retail customers. The NCR APTRATM Passport solution provides SunTrust a multichannel RDC hub, allowing the bank to capture and consolidate business and consumer check deposits made from remote locations – which can include branches, ATMs, businesses (commercial), homes (consumer), and mobile phones – directly into back-office processing. The APTRA Passport solution meets the growing demand for RDC and delivers incremental benefits from having all RDC solutions running on the same platform for unified fraud detection, auditing and reporting, as well as processing cost savings.

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MasterCard Announces Euro-Lab

MasterCard unveiled its MasterCard Labs office as an innovation hub to lead in the development of innovation and technology for MasterCard Worldwide. The MasterCard Labs in Dublin will be the first such office in Europe and joins Purchase, New York, Singapore and St Louis, Missouri, as part of an ever growing global network of innovation excellence. As the first event hosted at MasterCard Labs Dublin, MasterCard’s innovation showcase featured an array of products and services, which demonstrated ways the company uses technology and innovation to grow its business, diversify across geographies and customers, and build new business.

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NAB Partners VeriFone on Payments Innovation

National Australia Bank (NAB) and VeriFone Systems partnered to provide Australian businesses access to payments technology on Apple, Android and BlackBerry devices. VeriFone will be the sole provider of point of sale card acceptance solutions for NAB’s business customers, with stable, efficient and reliable technology for card acceptance and enhanced mobility to NAB’s 130,000 merchant customers. With VeriFone’s mobile payment solutions, merchants are able to use tablets or smart phones as payment acceptance devices that can be used anytime, anywhere.

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Tsys Inks Scotiabank Partnership

Tsys has signed a payments agreement with Scotiabank (BNS) to provide processing services for Scotiabank’s banking cards portfolio for undisclosed terms. The agreement calls for Scotiabank to convert its consumer card portfolio in Mexico to TSYS’ industry leading TS2 platform, which will also provide campaign and data management, and fraud and risk management tools as part of the agreement.

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First Data Releases Payment Card Spending Analysis

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data payment processing released its SpendTrend, tracking same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations for September 2012 compared to September 2011. Overall dollar volume growth was 5.8%, down from August’s 7.2% growth, thanks in great part to to…

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MoneyGram Launches Foundation for Global Giving

MoneyGram money transfer launched its MoneyGram Foundation to demonstrate its passion for educating young minds and focus on funding programs for educational resources and basic school supplies for school-age children around the world. In the past month, MoneyGram’s Global Giving program has given $230,000 to organizations in more than a dozen countries across Africa, Asia, Eastern Europe, Latin America and North America. With its guiding principle, “Inspiring minds. Improving lives.,” the focus of the MoneyGram Foundation is rooted in the belief that education is at the heart of better economic opportunities, healthier families and individual freedom and empowerment.

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