OTI Launches eParking Management System

On Track Innovations announced that the University of California Davis (UC Davis) Transportation & Parking Services office has selected OTI’s EasyPark e-parking management and payment system for implementation on the UC-Davis campus. The UC Davis deployment marks EasyPark’s initial entry into the U.S. market and builds upon global deployments across 110 municipalities around the world. The EasyPark electronic in-car solution lets issuers increase their parking revenues, reduce their parking management overhead and maintenance and substantially improve driver convenience, all without the requirement of costly infrastructure.

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I Love Velvet mPayment Merges into Micros

I Love Velvet installed customized mobile restaurant for point-of-sale payment and placing orders at the Nespresso Cafe. As Nespresso rolls out the I Love Velvet system in its cafes in the US, I Love Velvet now has a mobile payment solution that can be “plug & play” with an existing Micros RES solution. Using its own proprietary application and hardware, which includes an Apple-certified micro chip, I Love Velvet is now a true “mobility extension” of the Micros system. The challenge for I Love Velvet was to create a user-friendly program that offers the highest level of security for payment options (PIN debit entry) and the fastest turnaround time for completion of the payment cycle via a fully encrypted process.

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Ghana Bank Implements Lombard Risk Reporter

Lombard Risk Management integrated collateral management and liquidity, regulatory and MIS reporting solutions for the financial services industry, announces Ghana Bank International plc’s (GHIB) replacement of its legacy regulatory reporting system with Lombard Risk’s Reporterto meet regulatory demands. GHIB selected REPORTER, Lombard Risk’s regulatory compliance solution, to automate the firm’s regulatory reporting by interfacing to the bank’s Temenos T24 core banking system.

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a2b Integrates PacNet Intl Payment Processor

a2b Fulfillment integrated PacNet Services international payment processing. Clearing e-commerce and mail order payments in the national currencies of over 130 countries, PacNet’s comprehensive suite of payment processing services and customizable integration options allow a2b Fulfillment to optimize and automate to their own specifications. With this, a2b’s international clients can sell within the US without the expense of appointing US directors or investing in local infrastructure such as warehouses, offices, and bank relationships. PacNet offers each and every client access to familiar and popular forms of payment in both major and developing markets as well as secure access to PacNet’s proprietary eBanking interface.

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Payment Network International Secures Australian Licence

Payment Network International Financial Services (PNI) payment solutions company has been granted an Australian Financial Services Licence (AFSL) from the Australian Securities and Investments Commission (ASIC). This was made in direct response to demand for their unique online payment processing services within Australia. PNI undertook rigorous testing by ASIC, and as a result, have been officially recognised as a highly secure and qualified online payment provider, now authorised to provide non-cash payment (NCP)financial services to Australia. PNI’s China Payment Services (CPS) allows eCommerce operators to accept UnionPay card payments from Chinese customers in Renminbi and settle in their choice of currency, an option previously made challenging for international merchants.

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YESpay International and YES-wallet.com Partner on NFC Platform

YESpay International Limited and YES-wallet.com Limited have built a cloud based payment platform using NFC global standard technology. The cloud-based NFC contactless card emulation services conforme to PayWave and PayPass standards. By integrating YES-wallet pouch digital wallet service with YESpay EMBOSS payment service, both companies will provide a cloud service based e-Money/pre-paid/gift-card payment platform that allows provision of convenient and efficient payment methods on NFC smartphones based on Visa PayWave and MasterCard PayPass standards. YESpay will contribute “payment terminals based on NFC reader/writers” and “EMBOSS payment processing services to cultivate and manage merchants” and YES-wallet will provide “PayWave or PayPass standard virtual payment cards cloud system via its Pouch digital wallet service”.

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Fiserv Payments Network Sees Record Breaking 2011 Processing

Fiserv financial services technology solutions processed more than 1.5 billion transactions in 2011, up 29% since the year ago figure. Moreover, ACCEL/Exchange payments network from Fiserv processed more than 151 million transactions in December 2011 as network membership increased by nearly 10% in 2011, bringing total membership to more than 3,000 financial institutions. ACCEL/Exchange is one of the fastest-growing payments networks in the industry, supplying the infrastructure for financial institutions to give cardholders around-the-clock access to their demand deposit account funds at ATMs and the point of sale.

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Heartland Payment Systems Appoints Director of Marketing

Heartland Payment Systems payments processor named Moriah Murphy director of marketing to lead Heartland’s launch of city-specific immersive marketing and recruitment campaigns, while also pursuing state government and other niche market business in the Tallahassee, Fla., region. Most recently with the Florida Restaurant and Lodging Association, she also founded the Florida Association of Beauty Professionals, co-owned and operated a small craft beer company, and worked as a marketing consultant for a leading insurance carrier. She holds a bachelor’s degree in English and communications from Florida State University.

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Case Closing on ACI/S1 Merger

ACI Worldwide and S1 Corporation announced that the U.S. Department of Justice (the “DOJ”) is closing its investigation in connection with the proposed acquisition of S1 by ACI. The expiration date of ACI’s exchange offer for all of S1’s outstanding common shares is 5:00 p.m., Eastern time, on Friday, February 10, 2012. ACI agreed to acquire S1 for approximately $360 million in cash and 5.8 million ACI shares on October 3, 2011, by which S1 stockholders may elect to receive $10.00 in cash or 0.3148 shares of ACI stock for each S1 share they own, subject to proration, such that in the aggregate 33.8% of S1 shares are exchanged for ACI shares and 66.2% are exchanged for cash.

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Intuit Launches Android PFM Tab App

Android tablet users can now manage their money and visualize their spending on interactive graphs with the new Mint.com personal finance app. This brings the Mint.com service into the hands of Android tablet users, and transforms their transactions into easy-to-read graphs for a clear picture of their overall spending by category or by date range and a better understanding where their money is going. Mint.com’s mobile portfolio now includes apps for both smartphones and tablets on iOS and Android platforms, providing on-the-go access to its nearly 8 million Web and mobile users. One tap gives users a complete overview of their finances; helps them review account balances and automatically categorizes transactions. They can also enter cash transactions while on the go to more accurately capture spending.

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Elavon Awarded for Best Merchant Acquiring Initiative

Elavon global payments provider and wholly-owned subsidiary of U.S. Bancorp was awarded Best Merchant Acquiring Initiative for its International Payment Processing technology at the 2012 Cards & Payments Awards. Beating out Barclaycard, Cashflows, HSBC Merchant Services and WorldPay, Elavon’s technology enhancements and investments in 2011 provided enhanced services to customers. Its International Processing Platform (IPP), a competitive differentiator, provides streamlined processing with single funding/statement capabilities and gives the company a significant cost advantage through its scale and capacity.

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