Prepaid Solutions Partners Norwegian Cruise Line

Prepaid Solutions payments company offering comprehensive prepaid solutions for corporations and consumers has signed a contract for its “OceanPay” maritime payroll product with Norwegian Cruise Line (Norwegian). OceanPay is a proprietary, comprehensive payroll card solution designed to mitigate the unique challenges and concerns of existing payroll processes faced by the maritime industry. It provides card-based access to ATMs and point-of-sale debit transactions, currency exchange and money transfer services, companion cards, on-board card personalization (printing and encoding) and free on-board Internet connectivity for online banking.

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Xpress Money Kicksoff New Look

Xpress Money unveiled its new look, which comes at a time the money transfer giant can announce record growth. By the end of 2011, Xpress Money will register a 52% increase in its agent network size taking it from 85,000 locations in 95 countries to 135,000 locations in 125 countries. This network comprises of leading banks, NBFCs, Exchange Houses, Postal Unions and Single Agent Locations. Meanwhile, in Europe, the Company will grow to about 1000 locations by the end of 2012.

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Consumers Apathetic to UK Credit Card Offers

Research now indicates only 8% of UK consumers felt current credit card acquisition offers in the market were ‘valuable’ according to research recently published in Cardbeat, a market research report on UK consumer credit card usage published by Auriemma Consulting Group (ACG). Experts blame card issuers’ focus having become about BTs as the principle point of competition. ACG believes that a broader suite of innovative offers that appeal to the wider credit card consumer base would improve customer perception of value. Additional findings show 58% of respondents are apathetic towards card offers in general; 8% of respondents were likely to apply for a new card in the next 12 months; and 57% of respondents reported that a bad service experience would make them consider a new card.

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SafetyPay and PlaySpan Partner, Offer e-commerce Security

SafetyPay secure payment provider serving online shoppers, merchants and banks worldwide partnered Visa’s “PlaySpan” monetization solutions, online games, social networks and online videos. With this, “PlaySpan UltimatePay” Merchants will now be able to offer SafetyPay as an online payment option for their digital goods and services. SafetyPay allows Central and South American online shoppers to securely pay for goods and services in local currency directly from their online bank accounts – no credit or debit cards required.

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FIS Posts Revenue Up 4.3% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] FIS banking and payments technology posted a 3Q/11 revenue from continuing operations up 4.3% to $1.43 billion, compared to the year ago period of $1.37 billion. Meanwhile adjusted revenue growth was 10.8% and adjusted net earnings from continuing operations totaled $188.8 million compared to $176.7 million in the third quarter of…

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U.S. Bank Launches Visa Prepaid Card

U.S. Bank has made available the reloadable, prepaid Visa “Convenient Cash Card.” Cardholders can add funds to the “Convenient Cash Card” at any U.S. Bank branch and is designed to offer convenience, safety and control. The “Convenient Cash Card” helps customers budget their money and avoid overspending because it only lets a cardholder use the funds that are available on the card. Cardholders have access to account management tools; including text alerts, email notifications and online statements. It is offered by U.S. Bank Retail Payment Solutions.

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Citi Retail Partner Cards Expands Leadership Team

Citi Retail Partner Cards announced an expanded leadership team. With this, Craig Vallorano has been named Executive VP, Business Development and Strategy; Leslie McNamara has been named Executive VP, Partnership Management; Elisabeth “Molly” McCombe has been named Chief Marketing Officer; and Rick Cunningham joins Citi Retail Partner Cards as Executive Vice President, Business Development. The division also announced that Citi Retail Partner Cards will rejoin Citicorp as an autonomous division of North America Consumer Banking. While operating independently, Citi Retail Partner Cards and Citi Cards will continue to share processes that optimize performance and controls.

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Chase Announces Holiday Shopping Promos

Chase “Ultimate Rewards” rewards program kicked off its annual holiday promotion designed to deliver great value to cardmembers throughout the holiday season. With this, Chase “Freedom,” Chase “Sapphire” and “Ink from Chase” cardmembers with “Ultimate Rewards” have special access to merchandise auctions, redemption discounts, exclusive experiences and receive bonus points for shopping with select retailers online through ultimaterewards.com. Chase Freedom cardmembers can redeem their cash back rewards for gift cards from many popular retailers including Kohl’s, Banana Republic and Barnes and Noble.

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Walmart & Xoom Launch international money transfer

Xoom money transfer launched its online international money transfer service through Walmart.com. Customers can now send money online via Walmart.com 24/7 to 30 countries in Latin America, Asia and Europe. Money can be picked up in cash at any of thousands of locations or deposited quickly to bank accounts. The service is available through Walmart.com’s Online Money Center or directly at walmart.xoom.com.

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VeriFone Acquires Global Bay Mobile Technologies

VeriFone Systems has acquired Global Bay Mobile Technologies mobile retail solutions. The acquisition is the latest development in VeriFone’s strategy to bring the power of mobile into the world of retail and payments, extending new smartphone – and tablet-based shopping and payment experiences to retail organizations. Global Bay has worked with retailers across North America, Europe and Asia to increase sales and improve customer satisfaction with mobile applications that leverage existing POS, e-commerce, and traditional store systems. Global Bay’s technology, coupled with VeriFone’s secure mobile payment technology, offers the retailer an unparalleled comprehensive and integrated suite of mobile applications that will transform the in-store retail experience.

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