Bremer Financial Implements FIS Core Solution

Bremer Financial is set to deploy FIS’ core banking solution for its commercial services, along with FIS’ item processing, treasury and cash management, image technology, ACH, branch automation and analytics solutions. Bremer selected FIS for its ability to deliver a true end-to-end core relationship solution that solves the complex challenges facing the growing bank and supports its customer-centric focus. The comprehensive functionality of FIS’ core processing solution will enable Bremer Financial to reduce the number of third-party systems used, resulting in significant improvements in operational efficiencies. FIS delivers comprehensive core solutions that are designed to meet the strategic needs of banks of all sizes. Personalized service, competitive choices and maximum convenience are the standards that set FIS’ solutions apart and provide clients with the means to meet, and often exceed, their strategic business goals.

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Agilysys Launches mPOS Software System

Agilysys marketer of proprietary enterprise software, services and solutions made available its “NextPosition 3S” next-generation mobile POS software system. Designed to work with the SAP POS application 2.3, the software extends and expands the Agilysys NextPosition MPOS functionality through integration with SAP POS via a modern, mobile user interface for the store associates. Agilysys worked closely with SAP to develop a feature-rich solution that integrates with the SAP POS and related applications for retail stores and enterprise systems without requiring additional middleware. The integration with SAP POS, leveraging the SAP Afaria® mobile device and application management solution, allows Agilysys to deliver the full functionality of a retailer’s POS system to a mobile device.

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Wells Fargo Small Business Optimism Down 6 Points

The Wells Fargo/Gallup Small Business Index declined six points to 17, which virtually erases gains experienced earlier this year. The number of business owners expecting to be in a good financial position over the next 12 months declined seven percentage points to 59% and those expecting increased revenues in the next 12 months declined by six percentage points to 43%. Despite the decline in the Index score this quarter, business owner optimism has improved significantly from the Recession low point when the Index dipped to minus 28 (-28) in 3Q/10. With the number one reason cited for not making a small business investment being concern about the overall state of the economy, small business owners planning to make capital investments over the next 12 months say they intend to make them in new equipment/machinery (64 percent) and technology, such as computers (61 percent), new software or websites (56 percent), and mobile devices (52 percent). But business owners who said they plan to make a capital investment over the next 12 months say they are planning to pay for it using business revenue/profits (93 percent); credit (39 percent); and savings (31 percent).

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HARBORTOUCH Deploys New WEBSITE In Conjunction with POS ENHANCEMENTS

Harbortouch America POS Systems launched information on several new user-friendly features on their website for online access to its POS management and reporting tool known as the Lighthouse Feature and the launch of the more powerful All in One (AIO) Elite System. Harbortouch America has also added a new video narrative for its Free POS Program, walking viewers through the structure of the Free POS Program and also offers business owners the option to enter their information online to receive a full proposal.

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ViVOtech Sells Reader Business

ViVOtech completed the sale of its ViVOpay reader business to ID Tech, a manufacturer and supplier of smart card and credit card readers to PCI compliant payment solutions. ID Tech is committed to providing a smooth transition for ViVOpay’s existing customers and relationships. VIVOtech has been executing a strategy to divest its ViVOpay reader business to a qualified buyer and focus on its ViVOnfc Software business. Now the sale of the Reader business is complete, the company is focusing energy on the continued support of our customers, contracts and partners for the growth of business.

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Payza and Intelligent ID Launch ID Confirm

Payza, one of the largest payment platforms for e-commerce, corporate disbursement and remittances, announced that it has partnered with Intelligent ID (IID), a powerful user activity management system, which will further enhance Payza’s ability to perform real-time identity verification of its members in the United Kingdom. It is also a critical requirement to conduct anti-impersonation and anti money laundering (AML) checks to ensure Payza is engaging with the “true” individual and that the individual has not previously been exposed to sanctions or corruption. IID utilizes global sanctions, law enforcement and regulatory watch lists to screen all applicants.

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First Data Ticket Vending Machines Now Contactless

First Data and the Warsaw Transport Authority (ZTM) launched ticket machines to accept contactless payments on public transport. The contactless-enabled ticket machines have been installed on both buses and trams, accept contactless payments worth up to PLN50 (around US$15). Customers can also pay with cash at the 112 contactless-enabled ticket vending machines, installed on buses and trams, which is set to increase to 580 by the end of 2012.

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Economy Lacking Job Creation Sees Paydowns

With the Total outstanding revolving US consumer credit having skyrocketed 11.2% in May since the year ago figure, U.S. credit card performance continues to excel as delinquencies are hitting record lows to an 18-year record low of 1.78%-despite unemployment stagnation. Up from the April figure of $862.2 billion, outstanding revolving US consumer credit compares to…

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Navy Army Community Credit Union Selects Fiserv Deposit

Navy Army Community Credit Union has selected a range of Fiserv solutions to enhance its check deposit and processing services, including Branch Source Capture™, ATM Source Capture™, the Fiserv® Clearing Network and mobile capture and item processing capabilities. With ATM and Consumer Source Capture from Fiserv, members will benefit from the ability to deposit checks at the closest ATM or at home, whenever it is most convenient for them. Additionally, with the cross-channel duplicate detection capabilities available through Source Capture Solutions®, Navy Army can easily detect duplicates across all of its capture channels. Navy Army has been a Fiserv client for more than 20 years and uses Fiserv’s DataSafe® for core account processing, CheckFree RXP for online bill payment, LynxGate for ATM management and VirtuosoTM for online banking.

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Datacard Group Deploys Card Issuer Software Upgrade

Datacard Group made available its software upgrade package to help U.S. card issuers on its “CardWizard” issuance software migrate to EMV compliant smart card programs. Building on “CardWizard” and “Affina” smart card software, the software upgrade includes a phased approach to affordably integrate smart card personalization into their existing card issuing environments. The software upgrade along with SafeNet’s HSMs will help customers meet worldwide standards and requirements for EMV compliant card programs, as well as compliance with Visa® and MasterCard® security recommendations.

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Bank of America Merrill Lynch Global Transaction Services Appoints Directors

Bank of America Merrill Lynch today announced Bill Borden has been named managing director and head of North America Product Solutions and Dennis Sweeney has been named managing director and a Treasury Solutions Executive. As head of North America Product Solutions, Borden will manage the North America Product Sales teams that cut across Global Corporate Banking, Global Commercial Banking and Business Banking. He was most recently with Citigroup, where he was responsible for leading the team focused on developing Cash Management and Securities Fund Services relationships with U.S. state and local governments. Sweeney will work closely with various teams and global product leaders to provide senior finance executives at Bank of America Merrill Lynch’s largest global clients with advice, expertise, best practices and trends related to their treasury platforms. He was previously with General Electric for 20 years, most recently as Deputy Treasure.

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