NovoPayment Launches Reloadable Prepaid Card Program

NovoPayment prepaid card service provider launched the general purpose reloadable (GPR) program with the “LATODO” MasterCard for the underbanked. NovoPayment’s Platform as a Service (Paas) capabilities fulfill LATODOs technical and financial processes and requirements from card sales to clearing transactions to compliance and customer service. This is the second GPR program NovoPayment has launched in the region, having already introduced the Plata card program in Venezuela in 2005.

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Shift4 EMV Certified From Global Payments

Shift4 Corporation independent payment gateway completed its EMV certification process to Global Payments Canada. POS certified with Shift4 after June 2009 are now able to process EMV transactions just by adding a supported EMV device. Retailers whose systems were certified prior to June 2009 will need to have just a few minor modifications made to their code in order to be EMV-compliant. Shift4’s certification to Global Payments Canada currently covers chip-and-PIN transaction processing on the Ingenico iPP320 device; additional devices may be added in the future. The interface is available to all merchant types, supports all major card brands (Visa, MasterCard, American Express, Interac, and JCB), and has received approval from the respective card associations.

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First Data to invest $18 million in German operations

First Data electronic commerce and payment processing and owner of First Data Deutschland and TeleCash GmbH & Co. KG, has signalled its commitment to the German market by securing long-term leases at its Bad Vilbel and Nuremberg facilities and announcing plans for several major IT infrastructure investments. This in conjunction with finalizing lease negotiations on its premises, securing presence in the building until at least 2017 to remain the regional hub. First Data also confirmed the extension of its lease, to at least end 2017, at its premises in Nuremberg, from which mainly operational services are being provided.

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UK Contactless Limit Up to GBP20

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Upgrades begin across UK retailers and vending machines to raise the contactless card payment limit to £20 from £15. The cards, of which there are 23 million in the UK, give customers a fast and easy-to-use alternative to cash when making low-value payments in participating stores, and at vending machines, festivals…

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Swedbank Robur Implements Vermilion Reporting

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Vermilion Software (Vermilion) is delighted to announce that Swedbank Robur has gone live with Vermilion Reporting Suite (VRS), utilising Vermilion’s hosted ASP environment for Factbooks, Factsheets and Key Investor Information Documents (KIID). Swedbank Robur selected Vermilion in autumn 2011, and undertook a joint phased project delivery approach. The first two projects…

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Citi offers Renminbi cash management services

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Citi launches full Renminbi (RMB) cash management and trade solutions in the UK. Through this new service, Citi will offer RMB accounts domiciled in the UK, including payments and collections capabilities, trade services and financing, along with FX transactions and hedging solutions. This launch leverages the RMB internationalisation and the increasing…

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Network International to buy Indian remittance company

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Dubai-based Network International LCC, a payment solutions provider, has offered to buy TimesofMoney, the digital payment services provider and remittance company of India’s largest media house, Bennett, Coleman and Co. Ltd. (known as the Times group). An article by India’s Business Standard said that two people with knowledge of the proposed…

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Autonet Insurance Increases Card Payments Protection

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fraud has always been an on-going issue throughout the UK spanning over many market sectors. The insurance industry is one of the most affected, costing insurers and their policyholders approximately £2 billion a year. With this in mind, Autonet Insurance who work closely with CDL, a market leader in software solutions…

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OTI 1Q/12 Revenue Up 5% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] On Track Innovations contactless technology for secure identification, payment and transaction processing technologies on secure ID, NFC, payment and loyalty applications posted 1Q/12 revenue up 5% to $12.6 million from the year ago figure of $12.0 million. Additional disclosures indicate operating cash flow up $0.5 million from ($0.8) million in 1Q/11;…

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USA Technologies Provides Additional Insight on Dissident Shareholder

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies, a leader of wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retailing industries, sent a letter to shareholders providing additional insight on dissident shareholder Bradley Tirpak, as well as the destruction of shareholder value at Direct Insite Corp., after a group of shareholders, including Tirpak, took control…

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Western Union Partners Redstone FCU

Western Union global payments and Right Choice Money Services, a wholly owned subsidiary of Redstone FCU, announced an agreement for Right Choice Money Services to offer its customers Western Union global money transfer and online money transfer services. Right Choice Money Services customers can now send and receive domestic or international money transfers with funds accessible for pay out at more than 500,000 Western Union Agent locations in more than 200 countries and territories.

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Austin Telco FCU Joins Star Network

Austin Telco Federal Credit Union inked a multi-year agreement joining the Star Network, which will provide PIN-secured debit POS and ATM access to the credit union’s members. With more than $1 billion in assets, Austin Telco serves members throughout the five-county Austin metro area. STAR is one of the nation’s leading electronic funds transfer (EFT) networks, with more than 2 million retail and ATM locations, and a subsidiary of First Data payment processing.

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