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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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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DocuSign Launches eSignatures on Google Android

DocuSign, the global standard for eSignature, announced the release of DocuSign Ink for Android available to 60 million Android users for free. The world’s first personal electronic signature, DocuSign Ink eliminates the hassles and costs of printing, faxing, scanning, and overnighting documents to provide approval and/or a signature. DocuSign Ink lets individuals safely and securely drag and drop their legally binding signature and initials into documents, place text and check boxes to complete forms, and then return via email – so they can finish personal business faster and get on with the business of life. The DocuSign Ink for Android app joins DocuSign Ink for Apple® iOS and the DocuSign Ink plug-in for Microsoft Outlook – both launched in November 2011. Since availability in Q4 2011, DocuSign Ink was picked as a Top 5 iPad productivity app for 2011 by Apple.

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Public Transit in Phili as Simple as Tapping a Credit Card

Riding on any Southeastern Pennsylvania Transportation Authority (SEPTA) vehicle soon won’t require passes, farecards, tokens or cash. As part of a $122.2 million contract with ACS, A Xerox Company (NYSE: XRX), passengers will instead be able to digitally pay their fare with a quick tap or wave of their “contactless” credit or debit card or even their smartphone. SEPTA will be one of the first in the country to offer riders the ability to travel and pay this way. The new system will allow passengers to pay their fares using a card many already have in their wallets. It will be more secure due to strict banking industry standards, and more convenient and simpler than fare payment options available elsewhere. Working with New Jersey Transit, The Metropolitan Transit Authority (NY) and The Port Authority of New York and New Jersey, ACS, was the first to demonstrate that complex, regional fare collection systems can accept regular contactless credit and debit cards.

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PrepaYd Wireless Teams Emida for Prepaid Distribution

PrepaYd Wireless Wireless Service Provider entered a Service Agreement with Emida Technologies. With this Emida will be distributing PrepaYd Wireless’ products and services through its US distribution channel. Emida’s transaction software provides Carriers automated methods of dispensing prepaid products and services and provides PrepaYd Wireless with access to Emida’s expansive network of distribution partners representing thousands of points of distribution. Emida supports a network of more than 46,000 retail points with an annualized dollar payment volume in excess of $1.4 billion, processing more than 180 million annualized payment transactions.

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mopay Launches Payments Platform in Online Dating

mopay payment solutions for online merchants announced its new payment service customized for online dating services. Adapting mopay’s established fast, secure and easy-to-use payment method, users of online dating and matchmaking platforms are able to purchase single or subscription services and have them billed directly to any available telecommunications account. mopay is closing deals with several leading international online dating sites and the first customer wins will be announced shortly. Building on its success in the gaming sphere, mopay has now adapted its solution to fit the online dating industry’s needs. mopay will now be able to handle both single and recurring payments up to fifty dollars for premium services on any online dating platform.

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RetailMeNot mWebsite Launches mCoupon Experience

RetailMeNot.com (www.retailmenot.com) online coupon site launched its new mobile-optimized site, http://m.retailmenot.com, using feedback from the RetailMeNot community, the new mobile site provides on-the-go savings to iOS and Android users by giving them access to hundreds of thousands of deals from retailers from around the globe. In addition to its extensive online coupon inventory, RetailMeNot intends to expand the platform to feature curated and exclusive in-store and mobile optimized deals from retailers wanting to reach the increasingly large population of mobile consumers.

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