Cardtronics Appoints Senior Executive VP

Cardtronics retail ATMs announced a unified team designed to better serve the financial institution and national retailer marketplaces. With this, Todd Clark has joined Cardtronics as senior executive VP, Sales and Relationship Management Group. He joins Cardtronics as senior executive VP, Sales and Relationship Management Group with more than 20 years of demonstrated success in sales and client relations leadership. He was most recently senior vice president and general manager of strategic accounts at First Data, with responsibility for its largest customer, Bank of America, which included the revenue for Bank of America Merchant Services, a payments company with more than 350,000 merchant relationships across the U.S. that started as a joint-venture between Bank of America and First Data.

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Citi Trends President & CEO Steps Down

Citi Trends announced that David Alexander, who has served as President and CEO since April 2009, has resigned as President and CEO and as a member of the Board, effective immediately, to pursue other business opportunities. Ed Anderson, who served as the Company’s CEO from December 2001 through April 2009, and as Chairman of the Board of Directors since May 2006, has returned as CEO. He will continue to serve as Chairman of the Board.

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Payment Data Systems Announces Debit Payment Offering

Payment Data Systems electronic payments solutions provider made available its “Debit Only” card payment method product. This targets organizations that do not want their customers to incur debt as a result of their payment but still want to offer the processing security and convenience of a card. This capability is available through all our payment acceptance channels including Customer Service Representatives, IVR, our program interface technology (API), our gateway services, and our soon to be released iPhone® application iRemotePay.

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Green Dot to Launch AARP Prepaid MasterCard

Green Dot Corporation widely distributed, low-cost banking and payment solutions to a broad base of U.S. consumers, is working with AARP Foundation and MasterCard to launch the first prepaid card tailored to older Americans. The AARP Foundation Prepaid MasterCard from Green Dot (the “Card”) is ideal for direct deposit of paychecks and federal benefit payments, especially given new Federal requirements that all Social Security recipients obtain payments electronically as of March 1, 2013. The Card launch online and at Walgreens stores is planned for mid February, with rollouts to more Green Dot retail partners throughout the year. The FDIC insured Card, serviced by Green Dot, has an introductory $0 purchase price and the monthly fee can be waived each billing cycle (regularly $5.95) when (1) at least $250 is direct deposited, or (2) at least $1000 is loaded, or (3) at least 30 qualifying purchases* are posted.

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CorFire & SNAP Bring Social Networks to mCommerce

CorFire, the mobile commerce business of SK C&C USA and the leading provider of mobile technology solutions, and SNAP (Social Network Appreciation Platform), a platform linking transactions at the merchant’s POS with automated social network interactions, announced plans to integrate the SNAP platform into CorFire’s mobile wallet solution, “CorPay,” and its suite of mobile marketing services, “Cor360.” The combined solution will provide a one-stop shop to enable QSRs and other retail segments to connect their m-commerce apps to social networks such as Facebook, Foursquare, and Twitter.

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RushCard Plans to Reduce and Simplify Fees

RushCard announced plans to streamline its fee structure for the Prepaid Visa RushCard, as well as launch an entirely new plan, the RushUnlimited Plan. Many customers who choose the new plan can make unlimited signature and PIN transactions for a new lower monthly fee. The RushUnlimited Plan, available in March 2012, will not only deliver increased payment flexibility, but will also provide a simplified fee structure for new customers and existing Cardholders choosing from within RushCard’s robust suite of money-saving solutions. Cardholders across all RushCard plans, the fees for bill pay enrollment, individual bill pay transactions, plan changes and replacement cards* will be eliminated.

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Compass Plus Kicks Off Card Processing Center

Compass Plus payments software provider unveiled the Tajikistan national processing center, for which it was enlisted to consolidate the existing infrastructure of bank card acceptance in Tajikistan on a single national platform. This allows secure card operations in the country and delivering access to the advanced payment technologies, including Internet and mobile banking. Choosing Compass Plus as its technology partner ensured that the Tajikistan National processing centre gained access to the full range of modern banking services that include cash disbursement and acceptance, payment for goods and services, various fund transfer options, performing banking operations via the Internet and mobile and SMS-banking.

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Eckoh launches Over-Phone Payment Protector

Eckoh customer service solutions using speech recognition launched its “EckohPROTECT” at the PCI London conference being held on 25 January 2012. PCI London is designed to meet the needs of key stakeholders and decision makers who are responsible for securing payments systems, protecting cardholder data and meeting PCI DSS compliance requirements within merchants, acquiring banks and payments service providers. The “EckohPROTECT” solution allows the caller to remain on the phone to the contact center agent, who will talk them through the payment process, assist in the event of any difficulty, and allow for the agent to complete any wrap up tasks.

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Malayan Banking Campaign Grand Prize Winner Announced

A routine task of sending money home to his loved ones in the Philippines saw Mr. Julio F Fonte Jr. walking away richer by RM50,000 when he received the Grand Prize in the Maybank “Mega Remittance Promotion” campaign. Mr. Dexter Tan, Head of Payments, Cards, Wealth & Payments, Maybank, Miss Dwikrisnawati, consolation prize winner from Indonesia, Mr. Julio F Fonte Jr, the grand prize winner from Manila, Philippines, Mr. Gulzar Ahmad, consolation prize winner from Pakistan and Mr. B. Ravintharan, Head of Cards, Wealth & Payments, Maybank. The four phase campaign was launched in conjunction with the Maybank Money Express (MME) service which started on 1 September 2011 and will run until 30 June 2012.

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VIVA Bahrain & TransferTo Launch Prepaid Credit Transfer

VIVA announced its latest partnership deal with TransferTo international airtime transfer, allowing its prepaid customers to transfer credit to their loved ones overseas simply via SMS. Prepaid customers can now ensure their families and friends abroad are always able to get in touch with them no matter the occasion, celebration or emergency at hand. The service, introduced by VIVA for the first time in Bahrain, is secure, immediate and can be used around the clock. It is available for twelve receiving countries: Bangladesh, India, Pakistan, Philippines, Sri Lanka, Egypt, Thailand, Morocco, Jordan, Syria, Indonesia and Nepal.

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Cashflows Joins Swift network

Cashflows business payment solutions is now a member of Swift global provider of secure financial messaging services. This is on top of Cashflows existing membership of Visa and MasterCard and significantly extends the scope of its global payments network. SWIFT is the industry-owned co-operative supplying secure, standardised messaging services and interface software to nearly 9,000 financial institutions in 209 countries and territories. SWIFT members include banks, broker-dealers and investment managers. Cashflows has secured use of the IBAN ‘CASH GB2L’ which will be used in all messaging. Cashflows is able to offer centralised and standardised reporting; increased efficiency in sending payment instructions; increased reach of territories and currencies supported; improved communication with banks via SWIFT Free Format messages; and improved account opening process in that initial communication can be made by SWIFT.

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