Paypoint Advises on Interim MGMT

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] PayPoint plc advises that it will issue its Interim Management Statement for the third quarter period ended 25 December 2011 on Thursday, 26 January 2012. Enquiries: RLM Finsbury: 020 7251 3801 Rollo Head Don Hunter ABOUT PAYPOINT PayPoint is a leading international provider of convenient payments and value added services to…

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Citi Hungary Makes Available Banking App

Customers will now be able to open a time deposit, find the nearest Citibank branch or ATM through a GPS navigation system and access other banking services with the launch of the new Citibank Mobile Banking application. This is because the new Citibank Mobile Banking application can be downloaded for free from the Apple Store for iPhone, Android Market for Android users, and www.citibank.hu/mobilbank for Nokia smartphones. Citibank Mobile allows customers to view their account information; open time deposits; transfer funds; view FX and currency exchange rates; and show the nearest Citibank Branch or ATM on smartphones with a GPS navigation system.

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Bank of Communications Joins Sino Payments Retail Alliance

Sino Payments IP transactions processing services to the retail industry announced as a follow on to the recently announced merger with TAP Investments Group, Value Exchange International, has signed an agreement with the Bank of Communications (Guangdong Province) for the latter to join TAP’s Retail Alliance. Bank of Communications will introduce its credit cardholders (estimated as 5 million strong in Guangdong and 20 million country wide) to visit one of TAP’s retailers in Hong Kong & Macau Special Administrative Regions.

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First Data Allows Multi-Channel Transaction Growth

First Data Corporation electronic commerce and payment processing launched its product suite with enhanced payment acceptance offerings for merchants looking to expand their payment strategy with flexible, secure and cost-effective solutions. This includes “Smart Routing,” which lets merchants pay the lowest cost option based on the networks available for each PIN debit transaction. The First Data “Global Gateway e4” comprehensive Internet Payment gateway offering advanced functionality including multi-currency and global payment processing support, Level III support for business-to-business procurement cards, flexible recurring billing services, an intuitive merchant virtual terminal with multi-location administration and reporting, integrated fraud tools and added layer of security with the TransArmor tokenization solution.

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Quarri Helps Move With Us Achieve PCI Compliance

Quarri Technologies security software company announced Move With Us real estate agency network selected its “On Q” (POQ) to achieve compliance with the PCI DSS. Move With Us requires customer credit card information, which is entered and processed through a web-based application. Quarri POQ helps organizations achieve and maintain PCI compliance by addressing a variety of PCI DSS issues that have been historically difficult to solve, such as data encryption, malware effectiveness and application security.

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Airbus and BBVA Implement Swift Digi ID

SWIFT financial messaging announced that Airbus and BBVA have gone live with its 3SKey digital identity solution. 3SKey simplified signing mechanism for corporates and financial institutions secures the exchange of information in banking applications, enabling corporate treasurers to manage their various banking relationships using a single, multi-network personal digital identity. This reduces the complexity of managing the ever-increasing number of tokens and passwords needed to administer multiple accounts with multiple financial institutions. With this first implementation with Airbus, BBVA becomes the first bank to go live with 3SKey. With this, more than 20,000 3SKey tokens have been distributed and there are 25 banking groups live, with many more in the pipeline.

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AmEx 4Q/11 Prosperous Thanks to Record Cardmember Spending

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express Company posted 4Q/11 net income of $1.2 billion, up 12% from $1.1 billion in the year-ago period. Meanwhile, consolidated total revenues net of interest expense were $7.7 billion, up 7% from $7.2 billion in the year-ago period thanks to continued strong growth in cardmember spending and higher travel commissions…

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Citi Increases Small Biz Lending $.9B in 2011

Citi passed its $7 billion lending commitment to U.S. small business by over $900 million in 2011, more than 30% higher than the $6 billion total in 2010. This is up from the $4.5 billion total in 2009. Specifically, Citi pledged $24 billion in lending over the course of three years – $7 billion in 2011, $8 billion in 2012 and $9 billion in 2013. Citi is dedicated to providing access to capital for those organizations supporting qualified, mission-based Community Development Financial Institutions, Community Development Corporations, micro-lenders and other non-profits that then on-lend to small business owners, via Citibank Community Capital and the Communities at Work program.

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Wireless Standard Expands Platform

B2B Soft, a business-to-business software company specializing in retail management for the wireless/cellular retail industry, is pleased to announce that four Cricket authorized dealers are now using the Wireless Standard retail management platform to power their combined 35 retail locations across the United States. Wireless Standard, the industry’s premier Point-of-Sale platform is now deployed in over 4,500 wireless storefronts worldwide. Wireless Standard provides an integrated solution that brings consistency of process to every facet of wireless retail.

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USA Technologies Appoints Two New Directors

USA Technologies wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retailing industries appointed Steve G. Illes and Frank A. Petito, III to the Board of Directors to fill existing vacancies on the Board. This appointment increases the Company’s Board of Directors to eight members, and the Company anticipates filling the remaining vacancy on its Board in the near future. Frank A. Petito, III is President of Orbitz for Business, and has served as Senior VP, Corporate Development. He started out as an investment banker at Morgan Stanley and was VP, mergers and acquisitions at Hambrecht & Quist, a technology-focused investment bank in San Francisco. Steve G. Illes is an entrepreneur and investor and currently co-founder of InTherapeutics, an early pioneering balloon catheter company, and also has financed start-up and new technology companies.

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