FIS Announces Pricing of $150mm Senior Notes

FIS banking and payments technology has agreed to sell $150 million of 7.625% senior notes due 2017 (the “Notes”). The Notes were offered at a price of 105.375%, plus accrued interest from July 15, 2011. FIS expects to close the transaction on December 19, 2011. FIS intends to use the net proceeds of the Notes to repay existing indebtedness and to pay fees and expenses related to the offering.

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MasterCard Board Announces Quarterly Dividend

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard Incorporated announced that its Board of Directors has declared a quarterly cash dividend to holders of shares of its Class A common stock and Class B common stock. The cash dividend of 15 cents per share will be paid on February 9, 2012 to holders of record of its Class…

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ScanSource CEO Makes Top 100 Exec List

ScanSource announced its CEO Mike Baur has been named one of CRN Magazine’s Top 100 Executives in the Channel for 2011, spotlighting the most influential executives in the industry. With a line card of the industry’s leading AIDC, POS, physical security and communications vendor partners, ScanSource has been instrumental in helping its reseller partners offer total solutions that enable them to grow and strengthen their business. That specialized focus, along with value-added services and innovative tools, like SUMO, the company’s web-based international partnering tool, enables resellers to differentiate themselves, focus on growing their sales and continue to innovate.

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I Love Velvet Intros Fully Encrypted, Secure Payment

With identify theft and customer trust two of the hottest topics in today’s digital marketplace where financial transactions are concerned, I Love Velvet©, the newcomer to the mobile payment industry, is already steps ahead with its U-Holster, which is customized to slide over a tablet, iPhone or a smart phone, the most commonly used consumer electronic devices. Because the U-Holster is always in full view of the customer, it eliminates the disappearing credit card trick, and ensures a safe and secure financial transaction. Issues like security of sensitive information and PIN entry are at the heart of I Love Velvet innovations.

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Ukash Launches Contactless Reloadable Watch

Ukash e-commerce cash payment method now lets users reload cash onto a prepaid contactless wristwatch, “Watch2Pay.” It delivers MasterCard “PayPass” contactless technology through a wristwatch for the first time in this market, allowing consumers to simply ‘Tap & Go™’ to make fast, secure payments for up to £15 within seconds. The new wristwatch will enable consumers to ‘Tap & Go’ against a contactless reader at over 70,000 retailers throughout the UK, removing the need to enter a PIN. Using the reloadable MasterCard® card provided, consumers will have the option to load cash onto their wristwatch using Ukash.

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Jiepang Location-Based Social Mobile App Partners Starbucks

Jiepang location-based social media app partnered Starbucks to embark on the final part of a holiday promotion by using a combination of outdoor advertising, NFC technology, location-based service and social media to create rich and engaging experiences for consumers. Now from Nov 8 to Dec 17 Jiepang users who “check-in” at a Starbucks store will receive a virtual Starbucks badge. When the number of badge issued hits 30,000, the virtual Christmas tree at Starbucks’ event webpage will fully light up, and those who have collected the badge will be able to enjoy a free upgrade – a bigger size of drink at Starbucks between Dec 17 and Dec 25.

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Payango Deploys FIS pre-paid expansion

FIS banking and payments signed a multi-year agreement with Payango GmbH to provide prepaid card processing and risk management services in support of Payango’s European expansion of its prepaid card offering. Payango selected FIS’ prepaid card processing services to extend its legacy platform to extend its prepaid card offering to customers across Europe and introduce a program management service for other prepaid schemes. FIS will also provide risk management services including fraud monitoring and exceptions management, plus continuous active detection to ensure that any potential threats are immediately identified.

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Euronet Acquires PayNet Romania

Euronet Worldwide electronic payments provider acquired Smart PayNetwork S.A. (PayNet), which provides integrated ATM outsourcing services, card issuing and acquiring and POS merchant servicing solutions to financial institutions. PayNet operates 720 ATMs and 1,700 POS terminals and manages approximately 540,000 cards with which it processes approximately 15 million card transactions annually and is a certified VISA and MasterCard service provider. The PayNet acquisition will generate revenues of approximately $3 million in the initial year of ownership together with accretive cash earnings per share of approximately one cent per share.

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Preem Implements Protegrity Tokenisation for PCI-DSS Compliance

Protegrity USA end-to-end data security solutions announced Preem AB, Sweden’s largest oil company, has adopted its data security platform to deliver PCI-DSS compliance for credit card transactions at more than 470 gas stations across the country. Protegrity’s solutions use modern tokenisation to ensure flexible, scalable security for customer data in transit and at rest without impacting transaction processing speeds. Why Protegrity In evaluating the different technologies available, Preem determined that the simplest way to achieve PCI-DSS compliance would be to adopt the tokenisation approach. Tokenisation protects sensitive data by replacing it with tokens that hold no value to someone who gains unauthorized access to that data.

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USA Technologies Names Lead Independent Director

Steven D. Barnhart has been elected USA Technologies’ Lead Independent Director. With this he will become the Company’s first Lead Independent Director and will also continue to be Chair of the Nominating Committee and a member of the Audit and Compensation Committees. The move to name a Lead Independent Director is consistent with the Company’s efforts to augment corporate governance and shareholder friendliness. Among his key responsibilities as Lead Independent Director, Mr. Barnhart will consult with the Chairman of the Board on the agenda for and schedule of meetings of the Board of Directors, serve as a liaison between the Chairman of the Board and the independent directors, chair executive sessions of the board’s independent directors, and participate with the Chairman of the Board on communications with the Company’s shareholders.

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Americans Most Stressed About Economy and Finances

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] New research from the Principal Financial “Well-Being Index” shows the economy is the greatest source of stress for Americans, followed by their own personal finances, job and health. Half of retirees (52 percent) and two out of five workers (42 percent) reported a high stress level with regard to the economy,…

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