Vitel Wireless Introduces Virtual Debit Card Processing

Vitel Wireless (Vitel) has officially launched a virtual bank account/debit card program with its latest partnership in the Network Marketing and Direct Selling Industry. Vitel’s business owners will now be able to market and promote the advantages of their pre-paid debit card program. Vitel’s new program allows business owners to distribute and sell virtual bank accounts and earn income off of everyday usage from the card swipes that take place from account holders debit cards. This is the initial step for a full suite of virtual banking products that will allow its business owners to take advantage of an array of virtual payment services.

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Network Branded Prepaid Card Association to Attend Hearing on Prepaid Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Network Branded Prepaid Card Association (NBPCA) will attend the Consumer Financial Protection Bureau’s field hearing on prepaid cards in Durham, N.C., May 23, 2012. As the nation’s leading voice on prepaid debit cards, NBPCA will provide research and information to consumers, stakeholders and lawmakers about how prepaid cards work and…

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Discover Financial Services to Present at Deutsche Bank Conference

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Mark Graf, executive vice president and chief financial officer of Discover, will present at the Deutsche Bank Global Financial Services Investor Conference in New York City on Monday, May 21, at 4:40 p.m. Eastern time. A link to the listen-only live audio webcast will be posted on the day of the…

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PaySpan Launches Portal, Reduces Administrative and Operational Costs

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] PaySpan, formerly Payformance, a leading provider of healthcare payment and reimbursement automation, announced the release of its fifth generation provider portal. The enhanced provider solution includes comprehensive electronic funds transfer, electronic remittance advice and other features that reduce administrative and operational costs. “The latest version of the PaySpan provider portal underscores…

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Bursa Malaysia Appoints Strategy Head

Bursa Malaysia Berhad has appointed Datin Azalina binti Adham as Head of Strategy and Transformation, a newly created position to oversee the Exchange’s overall business strategy and transformation initiatives with effect from 1 January 2012. Datin Azalina is a member of Bursa Malaysia’s Management Committee, which evaluates key management and operational matters. It has also appointed Encik Jamaluddin bin Nor Mohamad as Head of Islamic and Alternative Markets with effect from 14 May 2012. Encik Jamaluddin will be spearheading the expansion and development of the products and services of the Islamic and bond markets and the Labuan Financial Exchange. Azalina began her career in Bursa Malaysia in 2001 and has held senior positions in the areas of business and investor development while Encik Jamaluddin was the Chief Operating Officer of Bank Pembangunan Malaysia Berhad.

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PacNet Payment Services to Exhibit at IRCE 2012

PacNet international payment processing Services plans to exhibit at Internet Retailer Conference and Exhibition 2012 June 5 – 8 in Chicago. Providing a wide range of transaction processing services to electronic retailers and e-commerce professionals, PacNet is to offer attendees payment expert insight on questions and discuss how payment strategy can directly affect the bottom line when selling at home and abroad. International marketers can take advantage of the fact that PacNet offers cutting edge credit card processing in the national currencies of over 130 countries, local electronic payments for 58 countries (including USD ACH payments, Canadian dollar EFT payments, Pounds Sterling BACS payments, and Euro SEPA payments) and outgoing payments for 73 countries.

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e-Money Volume to Double in 2012

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Russian EMA has announced that market volume for e-money reached 125 billion roubles in 2011 and is expected to double in 2012 when Law “On National Payment System” fully comes into force. Russian Electronic Money Association announced the results of e-money industry for 2011 and Q1 2012. In 2011 customers topped…

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YourCash to Deploy 200 ATMs at National Supermarkets

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] YourCash Ltd, a leading independent European ATM deployer, has pledged to install 200 ATMs throughout Belgium, in supermarket chains, ensuring easy access to cash for Belgian consumers. YourCash recognises the importance in adding ATMs to the range of supermarket services, based on their extensive knowledge and experience in the Dutch market.…

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Identive Introduces Cloud-Based NFC Tag Management

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Identive Group, a provider of products and services for the identification, payment and NFC mobility markets, announced the release of its cloud-based near field communication (NFC) tag management platform, which allows advertisers, retailers and organizations in the education, hospitality and other markets to manage the delivery of dynamic, targeted content and…

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Research & Markets Adds New Market to Analysis

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Research and Markets has announced the addition of the “Australian Payment Cards: Review of 2011 and Outlook to 2013” report to their offering. This report provides up-to-date information and analysis of the key indicators that will impact the Australian payment cards market and its development through to 2013. Introduction The Australian…

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Conference Board Index Staggers Among Rising Consumer Credit Use

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In conjunction with growing outstanding consumer credit, the Conference Board Leading Economic Index just released figures down 0.1% for April to 95.5, indicating a less-than-rosy consumer outlook on the US economy. This after 6 consecutive months of a growing, positive consumer outlook on what’s to come, including a 0.3% increase in…

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Electronic Payments Deploys American Express Program

Electronic Payments transaction processor is set to offer the American Express “OnePoint” program comprehensive credit card acceptance solution. Giving small to mid-size merchants the convenience of one source for billing statements, funds settlement and support for all major card brands, “OnePoint” certifies Electronic Payments a “OnePoint” Service Agent to offer the program to merchants nationwide. This gives American Express Cardmembers the opportunity to use their card at even more locations. For this, American Express will maintain the acceptance contract with participating merchants and establish merchant pricing while Electronic Payments will process merchants’ American Express “OnePoint” transactions on both its front-end authorization platforms and back-end clearing and settlement platforms.

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