ACI/S1 merger deadline extended

ACI Worldwide has extended its exchange offer for all of the outstanding shares of common stock of S1 Corporation until 5:00 p.m., Eastern time, on Friday, February 10, 2012, unless further extended. ACI and S1 entered into an agreement with the U.S. Department of Justice (the “DOJ”) in order to permit the DOJ additional time to review the information furnished by ACI and S1 under the U.S. premerger clearance laws (the “HSR Act”). The DOJ has not completed its review of the information provided by the parties and requested an extension of time beyond January 31, 2012. ACI and S1 agreed with the DOJ to extend the term of the agreement for ten days. Accordingly, ACI and S1 will not close the transaction prior to February 10, 2012 without the DOJ’s prior consent.

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Datacard Group to Present at CARTES, North America

Datacard Group secure ID and card personalization solutions will be speaking at CARTES in North America exposition & conference taking place on March 5th – 7th. The first session, “EMV Card Personalization: Stay Ahead of the Innovation Curve”, will be given by VP, vertical marketing for Datacard Group as part of the Worldwide EMV Deployments track and will outline the factors that are important for successful implementation of EMV technology. Then “Building a Successful Card Program While Minimizing Costs” will be presented by regional VP, financial instant issuance for Datacard Group and senior marketing manager.

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American Express Announces Fashion Experiences

American Express announced its line-up of fashion experiences exclusively designed for its style-savvy Cardmembers. Cardmembers can visit americanexpress.com/entertainment to purchase tickets to this season’s coveted Cardmember-Only Show presenting the Tommy Hilfiger Spring 2012 runway show featuring the Hilfigers on Thursday, February 16 at 6:30PM. American Express is proud to join Tommy Hilfiger in presenting a one-of-a-kind Spring 2012 runway show featuring the Hilfigers exclusively for American Express Cardmembers.

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mPayments Hit the Wire at CARTES Expo

Just what combination of technology convergence, business partnerships and consumer acceptance points will finally drive the widespread adoption of global mobile payments is at the center of the agenda at the CARTES in North America expo & conference. With the advent of Google Wallet and a new mobile phone payment system from ISIS as well as global wireless carriers supporting standards for NFC-based payments, 2012 is poised to be the year that new mobile payment technology moves into the consumer mainstream. CARTES in North America will host two day-long tracks, March 5-6, on Global Mobile Payment & Services Initiatives, featuring speakers from the United States, Canada and Europe addressing topics ranging from deploying NFC payments and the changing business case for banks, to retailer adoption, consumer acceptance and security.

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Colocation America’s Data Centers Meet PCI DSS

Colocation America, a provider of colocation, dedicated server, and managed server hosting services, announced its data centers continue to be PCI compliant. Total Apps created YesPCI, a small to mid-size businesses have the advantage of dealing with only one vendor for PCI Compliant dedicated hosting and merchant solution packages. Colocation America has made it easy for online businesses to stay PCI compliant themselves.

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Green Dot buys eCommLink Assets

Green Dot low cost banking and payment solutions to a broad base of U.S. consumers, has acquired certain processing and hardware assets of eCommLink (ECL) for $2.5 million in cash. This asset purchase will allow Green Dot to continue its strategy of vertical integration by bringing key remaining elements of transaction processing in house, thereby reducing reliance on third parties. Green Dot currently uses TSYS for portions of its transaction processing and payment network connectivity, but will eventually transfer it to its in-house processing solution built on the assets acquired from ECL.

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As Chargeoffs Continue Freefall, Credit Outstanding Skyrockets

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Of the total $2.48 trillion in outstanding US consumer debt, total outstanding revolving credit was up 8.5% in November from $794.5 billion in October to $807.9 billion. This compares to the year ago figure of 797.0. Meanwhile, delinquencies and chargeoffs remained low and have shown losses reduced by half and now…

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OpenLink Intros Dodd-Frank Compliance Solution

OpenLink Financial cross-asset trading, risk management and operations processing software solutions, announced initiatives focused on accelerating compliance with Dodd-Frank regulatory milestones scheduled for 2012. With this, OpenLink is committed to staying at the forefront of Dodd-Frank regulatory reform, working closely with clients, regulatory agencies, clearing houses, clearing members, service providers and trade data repositories to keep pace with the rapidly evolving derivatives landscape. OpenLink continues to provide leading technology solutions for the energy and financial services markets with its suite of Dodd-Frank regulatory compliance solutions.

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02 Secure Wireless Partners MasterCard, Targets Underbanked

O2 Secure Wireless is pleased to announce that February 1, 2012, will be the “official” launch date for the roll out of its new prepaid MasterCard that aims to provide services to the world’s growing unbanked and underbanked population. The prepaid Master Cards featured will be made available to all clients domestic and abroad and will serve to additionally benefit to the Company by way of facilitating ease of payment for services. The O2USA MasterCard differs from traditional MasterCard functionality in that it guarantees approval for all applicants over the age of 18. With low fees, notably lower than that of other providers such as Wal-Mart, the O2USA MasterCard will make it possible for those without a bank account and or low credit score to shop without restriction on a global scale.

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PayLane an Amex Certified Partner

PayLane is now a certified partner of American Express. This development makes it possible to process payments without other parties’ involvement, offering PayLane clients lower fees and simpler account opening procedures. The partnership allows clients who want to accept payments with AmEx cards to do so without applying for a merchant account with another acquiring bank. Apart from a simpler process of opening an account, PayLane clients now pay less for processing payments. Direct collaboration between PayLane and American Express eliminates any additional fees charged by acquiring banks.

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Chase Sapphire Hosts Liberal Arts Premiere Party

Chase Sapphire premier travel rewards card hosted the premiere party for “Liberal Arts” at the Sundance Film Festival January 22 at The Shop. Hundreds of VIP guests and Chase Sapphire cardmembers toasted the film and danced the night away to music from celebrity DJs and singers. As a presenting sponsor and the official card of the Sundance Film Festival for the second year in a row, Chase Sapphire offered cardmembers custom packages with insider access to exclusive events, people and films at the festival. In addition to the “Liberal Arts” premiere party, cardmembers enjoyed a private dinner with “True Blood” actress and director of the Sundance film “That’s What She Said” Carrie Preston, a VIP cocktail party, exclusive access to a priority ticket line at the Chase Sapphire Box Office to get tickets faster, film screening tickets, film festival credentials and more.

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