USA Technologies Implements Two-Tier Cashless Payment Pricing

USA Technologies wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries announced data from its customer Knowledge Base shows that its “Two-Tier Pricing Program.” Focused on moving the small-ticket industry to cashless payments, USAT’s “Two-Tier” customer base, showed greater sales activity in the two weeks after deployment of the “Two-Tier Pricing Program” than before. The program gives operators of small-ticket, unattended terminals like vending machines the ability to charge two different vend prices”the standard retail price for credit/debit transactions and a lower discounted price for cash purchases”allowing operators to offset the cost of card processing. An extension of USAT’s “ePort Connect” service offering, the “Two-Tier Pricing Program” operators have the ability to adjust prices by account or by machine, utilizing USAT’s over-the-air-update system.

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U.S. Bank Launches Ace Rewards Visa iPhone App

Ace Hardware customers can now apply for an Ace Rewards Visa Credit Card with an iPhone application developed by U.S. Bank. Downloadable at the iTunes store, the new app gives customers the opportunity to apply for and receive immediate credit to start their shopping at participating Ace stores. It also lets customers apply for an Ace Rewards Visa Credit Card, giving qualified cardholders a virtual credit card via their iPhone. They simply hand their iPhone with the virtual card displayed to an Ace Associate at checkout. Cardholders earn Ace Rewards points, receiving up to 5% back at Ace, 2% back on gas and groceries and 1% back everywhere else Visa is accepted. Users earn up to 10% back on quarterly categories and, once 12,500 points are earned, receive a $25 Reward redeemable at participating Ace stores.

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TSYS Inks Extension with Veracity Payment

TSYS has extended its long-term agreement with Veracity Payment Solutions to serve as their full-service payment solutions provider. Veracity will utilize TSYS’ POS solutions and systems to support its full-service payment technology to more than 12,000 businesses nationwide, for which it processes approximately $2 billion in transaction volume annually. Veracity is a merchant acquirer and provider of payment transaction processing services, related software applications and other value-added products to primarily small- and medium-sized merchants. It ultimately devises and delivers emerging payment solutions that have traditionally been available to only larger financial institutions and businesses.

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FIS Deploys Prepaid EMV Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] FIS, the world’s largest provider of banking and payments technology, announced its launch of the FIS Travel EMV Card. The EMV chip card is the first-of-its-kind offering, providing consumers with the latest in secure payments technology in a convenient prepaid card. Focusing on the increasing demand for secure, convenient methods of…

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DFC Global Proposed $200mm Senior Convertible Notes

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] DFC Global Corp., a leading international diversified financial services company serving primarily unbanked and under-banked consumers for over 30 years, today announced that it intends to offer, subject to market conditions and other factors, up to $200 million aggregate principal amount of senior convertible notes due 2017 in a private offering.…

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Discover Financial Services Commences Exchange Offers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Discover Financial Services announced the commencement of private offers to exchange its outstanding notes as set forth in the table below (collectively, the “Old Notes”) for new Senior Notes due 2022 (the “New Notes”) and cash (the “Exchange Offers”). The Exchange Offers are being conducted by the Company upon the terms…

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Bank of Verden Deploys i2Core Core Processing

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] IBT, a leading innovator of best-of-breed solutions of cost-effective enterprise-wide technology for financial institutions, today announced that Oklahoma-based Bank of Verden has completed the implementation of IBT’s i2Core Core Processing solution. It provides scalable robust enterprise-wide technology which allows the bank to provide exceptional service to consistently exceed its customers’ expectations.…

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Datacard Appoints Exec to Oversee Instant Issuance & EMV

Datacard Group secure ID and card personalization solutions appointed Mike Vaselenak to lead business development and sales for Datacard Group’s instant issuance solutions. Datacard solutions issue millions of cards everyday worldwide and the company has thousands of instant issuance installations throughout the world, including both magnetic stripe programs as well as EMV compliant smart card programs. Instant issuance complements centralized third party production and drives activation, while helping reduce issuer costs and the risks of sending financial cards and PINs through the mail. Currently co-chair of the Advanced Card Technology (ACT) Canada Prepaid Strategic Leadership Team, Vaselenak has founded and led companies in advanced transaction processing solutions including proprietary account card networks, EMV technology consulting, special purpose POS terminals, extended transaction set authorization and adjudication, and ecommerce merchant and supply chain applications.

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MoneyGram Partners Currency Exchange Houses

MoneyGram International has added two foreign currency exchange houses to its money transfer network – Casa de Cambio Angulo Lopez and Venegiros Casa de Cambio. This development brings the number of MoneyGram locations in Venezuela to 100. Venezuela has seen 812 million USD sent from the country, particularly from the nation’s approximate 2 million immigrants. Key send markets include China, Colombia, Peru, Ecuador, Spain, Portugal and the U.S. In addition, the country receives 1.2 million USD annually, from countries such as the U.S., Italy, Spain, Colombia and the U.K.

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European ATM Fraud Attacks up 63%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] European ATM fraud attacks up 63% due to cash trapping – East The European ATM Security Team (East) has reported that cash trapping incidents significantly increased during 2011, while skimming incidents and ATM related fraud losses fell. Total ATM related fraud incidents increased from 12,383 in 2010, to 20,244 in 2011.…

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Intuate Group & Foregenix partner on PCI compliance

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] South African solutions and people resources integrator, Intuate Group, has partnered with information security consultancy and Payment Card Industry Data Security Specialist (PCI DSS), Foregenix, to help Southern African contact centres significantly reduce their PCI scope and their risks, as well as associated costs, by removing cardholder data from the call…

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Consumer Confidence On the Up in March

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Consumer confidence is keeping its momentum, up again in March thanks to positive attitudes toward the overall economy and sustained confidence in personal finances. The Discover U.S. Spending Monitor, a 4-year-old daily poll tracking economic confidence and spending intentions of nearly 8,200 consumers throughout the month, climbed 1.6 points to 96.5.…

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