One-in-six AIB Customers Partake in mBanking

Locating an AIB branch and calculating loan repayments while on the move are some of the features of AIB’s free, Apple App, which is now available for Apple iPhones/iTouch. AIB has just launched its Apple App in Ireland designed specifically for use on the iPhone/iTouch which is in addition to its Android App which was launched in October 2011. It allows users to check their balances, pay bills, transfer funds and top-up their mobile phones. AIB’s mobile banking offerings builds on AIB’s existing Phone & Internet Banking service which is increasing in popularity. The number of active customers in December 2011 was more than 781,000, an increase of 5% on December 2010.

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Comparethemarket.com Launches Credit Card Comparison Site

comparethemarket.com price comparison sites is attracting more credit card and loans customers with its new comparison service. Offering a method of comparing credit cards and loans to find the best product for their own personal requirements, the service lets customers compare exactly how much they could save on interest payments by switching credit cards. Simple and intuitive tools enable credit card customers to enter their own details such as current APR and balance transfer amount to get personalised results. The company is also extending its “Simples Rewards” scheme to credit card and loan customers.

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Net1 to Conclude SASSA SLA Negotiations

Net 1 UEPS Technologies’ subsidiary, Cash Paymaster Services (“CPS”), commenced negotiation of the service level agreement with the South African Social Security Agency in terms of the award of the national payment tender. The parties have agreed to extend the final signature date of the SLA to February 6, 2012. Net1 provides alternative payment systems that leverage its Universal Electronic Payment System, or UEPS, to facilitate biometrically secure real-time electronic transaction processing to unbanked and under-banked populations of developing economies.

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Euronet Inks ATM Installation Deal

Euronet Germany of Euronet Worldwide won contracts with R3 Group and International Currency Exchange for the placement of more than 50 ATMs. Each ATM placement contract is 3-5 years in duration and includes 2-5 years of exclusivity for the provision of actual ATM devices, operations and management services. The new, state-of-the-art ATMs will be Euronet owned and operated, and will be equipped with fully loaded functionality to allow for a full range of value-added service products which provide additional value to Euronet customers.

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IDEALINVENT and FinArch Ink Distribution Agreement

IDEALINVENT has signed a distribution agreement with Financial Architects (FinArch), the market leading vendor for integrated Finance, Risk and Compliance software solutions. IDEALINVENT will sell and implement Financial Studio, the Finance, Risk and Compliance flagship solution from FinArch. Included in the non-exclusive agreement are the Nordics, Baltics, Poland, CIS and Russia. The complimentary solutions and knowledge of the financial market brought together by both companies provides an exciting value proposition to the market.

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Card APRs Settle After New Year Scare

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Credit card APRs in late January settled way down to pre-fall levels to now sit at 14.95%. This after having broke 15% for the first time in 2011 last month, the highest since 2008 before dropping to a rock bottom 12.64% in 2010. Throughout 2011, rates have consistently increased since the…

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FIS mWallet Powers mPayment

FIS banking and payments technology launched an innovative m-payments solution, letting users implement smartphones for POS purchases and online shopping. Requiring only downloadable applications for both consumers and retailers, the mobile payments solution can be built into retailers’ and financial institutions’ existing mobile applications, preserving brand equity and strengthening customer loyalty. The FIS Mobile Wallet provides consumers with another option to electronically pay for goods and services. Consumers with smartphones download an application offered by their financial institution or retailer, attach their payment card information and then use the solution to make a purchase. The solution is a software-only offering enabling easy deployment for financial institutions, retailers and consumers.

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American Express Launches Social Media Biz Share

Courtesy of American Express, small businesses now have a brand new resource available to help them grow and succeed through social media. Officially launching today, “Social Media Show + Tell” resides within American Express’ newly created Business Knowledge Share enhanced LinkedIn user group. Through a series of “show and tell” videos available to members, representatives from the most popular digital and social platforms – starting with Facebook – explain how their tools can have a formidable impact on small businesses and empower business owners to maximize the potential of the growing digital landscape. The Social Media Show + Tell videos aim to demystify these platforms for small businesses by providing easy to understand commentary and advice from the leading experts behind each of the platforms.

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MoneyGram Appoints Senior VP, Chief Accounting Officer

David B. Brown has been named senior vice president and chief accounting officer (CAO) with MoneyGram International. The CAO position was created to bring together the various accounting and finance functions under one executive for better efficiencies. He will oversee accounting, tax and financial planning & analysis. He brings to the role experience as chief financial officer for Dresser, a GE subsidiary, and led the recent integration of Dresser into various business units of GE’s energy division. He also holds a B.B.A., Accounting from the University of Texas at Austin and is a certified public accountant in the State of Texas.

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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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