GCB Acquires 500Thousand ATM Cardholders

Ghana Commercial Bank Limited added more than 500,000 customers for its GCB ReadyCash ATM cards last year. The number of new cardholders represents a nearly threefold increase over 2010, when 180,000 customers were signed. GCB hopes eventually to register most of its 1.5 million customers as ATM cardholders. Efforts to improve customer service during the latter part of 2011 with electronic-based products and services include free ATM services, GCB debit cards, personal loans in 24 hours, SMS banking and Internet banking.

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RBI Allows White Label ATMs

The Reserve Bank of India will allow non-banking institutions to set up, own and operate ATMs. The operator can earn fees from the banks as acquirer for all transactions but will not be allowed to charge customers and can also earn extra revenue through advertisements and by offering value-added services. The operator should also have a sponsor bank to manage cash and a network operator to connect all its ATMs. The three would enter into tri-partite service level agreements to address issues relating to interbank transaction settlements and settlement of customer complaints about failed ATM transactions.

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Maxatec Partners Hoeft & Wessel Android OS Platform

Maxa Technologies mobile computing partnered Hoeft & Wessel to make available “skeye.dart” on Android version 2.3.6 (Gingerbread). Its open-source platform offers developers and OEMs flexibility for bespoke work and customisation and provides “skeye.dart” in an enhanced version with roughly one third improved computing power, RAM twice as high, and faster UMTS/HSPA mobile telephony connection. The mobile computing device provides a future-proof platform for the most demanding applications.

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Euronet, MCB Launch EMV debit card

Euronet Pakistan of Euronet Worldwide introduced its EMV debit card in partnership with MCB Bank. Euronet Pakistan is now a EMV certified processor and gateway for EMV VISA debit services in the country. MCB has a debit card base of 2.5 million and more than 650 ATMs. It was one of the first banks to launch electronic banking services in the country and was the first bank to adopt outsourced EFT services, migrating from an in-house processing solution to an outsourced Euronet ITM system.

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DirectCash Payments Announces Regular Cash Dividend

DirectCash Payments announced a cash dividend of $0.115 per share for the month of February, 2012 for payment March 30 to shareholders of record on February 29, 2012. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). The Company is the largest branded ATM provider in Canada, operating under the trade name DirectCash ATM, and is one of the leading providers of branded non-financial institution debit terminals and prepaid card products.

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MTrust Implements Encap Authentication

Encap announced mTrust electronic service platform vendor selected its software-based, two-factor authentication and digital signing solution, for which its technology will be integrated into mTrust’s BSP (Basic Services Platform). This offers a range of payment, identity and authentication services to financial institutions and other service providers. mTrust is the first partner to integrate Encap’s full suite of authentication and digital signing solutions. This lets banks off “In-App” authentication, a bank-branded to provide a seamless consumer experience; increased adoption of high value m-services; non-repudiation for higher value transactions by using binding digital signatures; and no need for complicated provisioning programs.

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Datacard to Showcase Instant Issuance Card Solutions

Datacard Group secure ID and card personalization solutions is set to introduce its financial instant issuance solutions, including its “CardWizard” issuance software, at the Retail Business Technology Expo and Cards & Payments Solutions. Datacard Group’s financial instant issuance software and associated hardware will be on display, inviting attendees to observe its products which allow card issuers to provide in-branch issuance of permanent, fully functional and personalized financial cards in a matter of minutes. This integrated platform includes scalable and flexible hardware, software, supplies and global support – combining central issuance or instant issuance and mobile issuance into an integrated solution.

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Visa 4Q/11 Net Transactions Up 8% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa fiscal 1Q/12 (4Q/11) posted a net income of $1.0 billion, for an increase of 21% over the year ago period while net operating revenue was $2.5 billion, 14% over the year ago period thanks to growth in service revenues, data processing revenues and international transaction revenues. Payments volume growth was…

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ACI S1 Acquisition Reaches the Final Stage

ACI Worldwide payment systems has accepted for payment all shares of S1 Corporation common stock tendered in the previously announced exchange offer. The acquisition extends ACI as full-service global leader for payment systems; delivers enhanced scale and support for financial organizations, processors and retailers around the world; while combined expertise strengthens ACI’s leadership in the payments industry. ACI intends to acquire the remaining S1 shares pursuant to a merger as provided in the October 3, 2011 transaction agreement between ACI and S1. Also hrough the transaction, ACI has acquired the three product sets known as “S1 Payments Processing and Card Management,” “S1 Online Banking” and “S1 Branch Banking.”

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INDYCAR, Discover, First Bankcard and Segmint Partner Rewards

INDYCAR entered multi-year agreements with Discover Network and First Bankcard of the First National Bank of Omaha to offer a credit card program designed to provide rewards to fans, and with Segmint to deliver the digital analytics for the INDYCAR Discover credit card program. INDYCAR Discover credit card cardmembers can redeem accumulated reward points for exclusive experiences, including VIP access to Victory Lane at the Indianapolis 500 and breakfast with legends of the sport. Cardmembers can choose from a vintage look highlighting the start of the 1960 Indianapolis 500 or a modern look featuring the sleek 2012 IZOD IndyCar Series car.

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