AmEx Vice Chairman to Participate in Morgan Stanley Conference

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express Vice Chairman, Edward Gilligan, will participate in the Morgan Stanley Financials Conference in New York, on Wednesday, June 13, 2012, at 12:40 p.m. (ET). Mr. Gilligan will participate in a question and answer session relating to the Company’s results and strategies. A live audio webcast will be made available…

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Discover to Conduct 2Q/12 Earnings Release and Conference Call

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Discover Financial Services plans to report its second quarter 2012 results before the market opens on Tuesday, June 19, 2012. The earnings release will be available on Discover’s corporate website at www.investorrelations.discoverfinancial.com. A conference call to discuss the firm’s results, outlook and related matters will be held at 11:00 a.m. Eastern…

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UBA Launches Cardless ATM service

The United Bank for Africa Ghana has introduced a new service that allows cardless withdrawal of funds from an ATM by a third-party recipient. U UBA head of product sales Abu Yahaya demonstrated the cardless withdrawal service, showing how a customer can use the bank’s U-mobile platform to send funds by a number of means ” through the ATM, via mobile phone, or by completing an e-remit slip at a bank branch. Once the sending process is complete, the receiver is notified via mobile. The receiver then goes to the nearest ATM, keys in an access code and amount of money to be received, and receives the dispensed funds.

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RegisCard Group Inks IPO on NASDAQ

RegisCard Group has signed an Agreement with GE Partners to manage their IPO offering on the NASDAQ Dubai Exchange for an effective date within 75 days. RegisCard Group. The Company has made several acquisitions and developed software to introduce Prepaid Debit Cards and Discount Cards to the international community. Many countries do not yet offer Prepaid Debit Cards that have been common in the United States for many years. In February, 2012, RegisCard announced approvals and agreements to distribute prepaid debit cards and discount cards in Israel and Vietnam, along with other countries. Recent successes and the volume of inquiries from other countries has prompted the Company to pursue the IPO offering on the NASDAQ Dubai Exchange, as well as the dual listing on the Alternative Investment Market (AIM) in the United Kingdom.

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Moneris Appoints New President, Strategic Partnerships and Emerging Markets

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Moneris Solutions,the credit and debit card processor, announced the appointment of Christine Lee as its new President, North American Strategic Partnerships and Emerging Markets, based in Schaumburg, Illinois. Christine’s responsibilities will include growing the company’s business in both mature and emerging markets, overseeing marketing strategies and initiatives for VARS and ISO…

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PCI SSC Announces Speakers at Asia Pacific Meeting

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The PCI Security Standards Council (PCI SSC), a global, open industry standards body providing management of the Payment Card Industry Data Security Standard (PCI DSS), PIN Transaction Security (PTS) requirements and the Payment Application Data Security Standard (PA-DSS), announced keynotes speakers for the Council’s Asia Pacific event in Singapore on Thursday,…

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Advanced Semiconductor Engineering Releases Monthly Net Revenues

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] ADVANCED SEMICONDUCTOR ENGINEERING, INC. ASX +1.59% (taiex:2311)(taiex:”ASE” or the “Company”), announces its unaudited consolidated net revenues for May 2012. CONSOLIDATED NET REVENUES (UNAUDITED) May Apr May Sequential YoY (NT$ Million) 2012 2012 2011 Change Change —— —— —— ———- —— Net Revenues 15,636 14,867 15,438 +5.2% +1.3% May Apr May Sequential…

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Gas Prices Fuel Consumer Confidence in Economy

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Confidence in the economy on the Discover U.S. Spending Monitor of nearly 8,200 consumers in May was pretty flat, demonstrating a 1.2 slip to 95.5 in May from 96.7 in April. Buoyed by falling gas prices, those who said the U.S. economy was improving held steady at 33%, but only 37%…

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Consumers Look to Non-Bank mPayment Providers

Mobile wallet consumers are now looking to using alternative players to their primary bank for mobile wallets and for banking. They are also looking to using a wide variety of services in their mobile wallet, such as search & shop, loyalty programs and real-time incentives, according to Carlisle & Gallagher Consulting Group. Specifically, research indicated 48% are interested in a mobile wallet and that interest is driven by both young consumers and affluent consumers, 76% of whom are currently using or intend to use mobile banking. These consist of Techno Shoppers (27%) and Payment Optimizers (21%)- those interested in making the best payment decisions based on their financial situation. Additional findings show 80% would use PayPal as their mobile wallet provider; 60% would use Google; and 60% would use Apple, while 65% rated the ability to make better payment choices – such as maximizing loyalty programs or minimizing interest payments- as the most valued mobile wallet service.

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Fime Extends MasterCard Contactless Terminal Testing

Fime has enhanced its acquirer services offering with the upgrade of the SAVVI test log analysis tool. This supports MasterCard PayPass Terminal Integration Process (M-TIP) Specifications, replacing the existing PayPass TIP process to complement FIME’s Formal Approval services. Acquirers implementing contactless terminals must adhere to the new PayPass M-TIP Specification while those with previously approved MasterCard TIP contactless readers may continue to use the existing PayPass TIP process for new terminal integration projects. FIME has updated its SAVVI test tool in response to the release of the new MasterCard PayPass M-TIP Questionnaire, which determines the tests that need to be undertaken by an acquirer.

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Marketing Innovators Implements CashStar for eGift Cards

CashStar will power Marketing Innovators’ digital gift card solution, offering business customers the ability to reward program participants with convenient and personalized eGift Cards from well-known retailers. Marketing Innovators’ incentive, marketing, recognition and loyalty programs offer powerful, custom-designed solutions that engage and motivate employees, partners and customers toward a company’s goals. CashStar’s platform is integrated with retailers and top processors, allowing a level of digital gifting flexibility unmatched by any other provider. Businesses control the entire process and can order cards in real-time with no inventory or volume commitments, issue cards in many popular denominations, and activate cards instantly.

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USA Technologies Receives $3mm Commitment Letter

USA Technologies has received a commitment letter from Avidbank Corporate Finance to establish a $3.0 million, one-year secured line of credit. The credit line is part of USA Technologies’ strategy to assist in the accelerated transition of cashless payment systems and services in the unattended small-ticket, retail market through its JumpStart program. The amount of funds to be made available to USAT under the line of credit would be based upon a percentage of eligible accounts receivable and license and transaction fees to be specified in the loan agreement.

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