Insider Info Sharing Leads to USA Tech CEO Resignation

USA Technologies wireless, cashless payment and M2M telemetry solutions announced the resignation of Chairman and CEO George Jensen. This is the direct result of the Audit Committee of the Company’s Board of Directors having been tipped Jensen posted inside Company investment information on an online investor forum. His investment tips encompass 450 comments on the Yahoo message board posted over two months. His ensuing suspension was followed swiftly by his self-resignation, for which Stephen P. Herbert will act as Interim Chairman and Chief Executive Officer. The SEC is also involved in the ongoing investigation.

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Heartland Payment Studies State-Specific Durbin Savings

Merchants are receiving hundreds of Durbin Dollars as a result of the Durbin Amendment, which Heartland Payment Systems thoroughly examined on a state-specific basis. With this, Heartland indicated for $100,000 of Visa and MasterCard debit and credit card volume processed, the average savings per merchant across all states is $260.24. The two extreme ends of the spectrum show Montana merchants saved the least per $100k processed, averaging $127.87, while Washington DC merchants saved the most, averaging $333.94.

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Zaxby’s Implements MICROS Inventory Tracking

Over 150 Zaxby’s locations have deployed MICROS’s “myinventory” to better manage and control in-store inventories at all of its corporate and 60+ franchisee locations. The “myinventory” solution-integrated with the MICROS POS- extends Zaxby’s list of deployed MICROS solutions at its 535 casual restaurants in the Southern United States. MICROS’ “myinventory” optimizes the management of inventory, and provides all the information required to maintain stock in a cost effective manner for cumulative, daily and ad hoc reports related to ordering, receiving, inventory counts, waste and more.

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TableTop Media Installs Pay-At-Table POS Touchscreens

Chili’s chain restaurant throughout Indiana installed TableTop Media “Ziosk” pay-at-the-table touchscreen devices for its consumers’ use. To alleviate the biggest complaint from guests in restaurants – not being able to pay their checks and leave when they are ready- “Ziosk” is the digital entertainment and pay-at-the-table device lets users see featured items, play games, watch movie trailers, sign up for e-clubs, order desserts, take surveys and pay on demand when they are ready to depart. Ultimately, this eliminates the frustration of waiting for a busy server, letting customers simply pay with credit, debit and gift card payment options and leave.

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Globoforce Kicksoff Workshop Targeting HR Depts

Globoforce SaaS-based employee recognition solutions announced its tour, spanning Atlanta, New York, Chicago, and San Francisco, during which it will feature its “Building Your Culture of Recognition” workshop series. The workshop series allows HR leaders to achieve more unified company cultures that drive bottom-line business results. The workshops will show HR leaders how some of the most admired companies in the world have built their cultures through employee recognition. The four-hour, interactive workshop provides HR leaders an opportunity to learn from peers at other top companies in their local area.

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Online Resources Inks American Heritage FCU

Online Resources Corporation online financial services has partnered the American Heritage Federal Credit Union whereby it will implement Architect retail banking software solution. American Heritage will convert to Online Resources’ solution in early 2012, providing its more than 110,000 members access to a highly intuitive, personalized online banking experience. At the same time, the advanced banking solution provides the Credit Union access to robust tools and technology that enable a high level of control over the administration and future enhancement of the service. Architect software includes advanced functionality such as online account opening, personal financial management, one-to-one marketing and social media integration.

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nChannel Launches Cloud-Based Management Platform

nChannel is set to release a web-based solution and platform to help companies solve the problem of managing multi-channel sales operations. nChannel will allow retailers to connect the systems that run their brick-and-mortar stores with the systems that run their web-store and e-marketplaces such as Amazon and eBay. nChannel will address the needs of emerging hybrid retailers – manufacturers and distributors that are also selling products through multiple ecommerce channels along with their traditional sales methods. The nChannel platform will include a library of “connectors” for a variety of leading eCommerce, POS and financial applications.

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Veracode Joins Amazon Web Services Solution

Veracode cloud-based application risk management joined the Amazon Web Services (AWS) Solution Providers Program and is now part of a group of organizations that can leverage the AWS infrastructure platform to deliver market solutions. Veracode’s software security verification platform is also now available via its private cloud to all AWS customers for an automated, policy-driven approach to improving the security of internally developed, purchased or outsourced software applications and third-party components, as well as regulatory compliance assurance for strict industry standards.

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J&K Bank Launch 2 New ATMs, Expands Network

J&K Bank inaugurated Two ATM’s at Letpora Pulwama and Sarnal Anantnag, growing the number of ATM’s in the Zone to 60 and that of the bank to 442. As a part of its drive to create more awareness about banking products and services besides interaction with its clients, J&K Bank (South Zone) organized a ‘Banking Awareness Program cum Customer Meet’ at Town Hall in District Kulgam. A large number of customers from various Business Units (B/U) functioning in the district participated in the meeting.

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Dashen Bank Now Accepts UnionPay Card

Dashen Bank launches electronic banking services for UnionPay Card holders this week using its 90 ATMs and 717 POS terminals. While briefing local media journalists at the Sheraton Addis on the last year’s performance of the bank yesterday evening (October 18, 2011), he stated that Dashen Bank is the first African bank to sign partnership agreement with UnionPay, which at the moment has some two and half billion clients across the world. UnionPay will be the third card for Dashen Bank which has been providing services for Visa and MasterCard users. In order to cut the foreign currency each bank spends to import ATMs separately, all private banks have now established a company called ET Switch, which will enable all to use the same machine which accepts cards of all banks.

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Filipino Remittances Up 11.1% Y/Y

MONEY sent home by Filipinos working abroad was up 11.1% to reach $1.7 billion in August to $1.5 billion compared to the year ago period, says Bangko Sentral ng Pilipinas. The August inflows brought the eight-month tally up 6.9 percent to $13 billion, with cash transfers from land- and sea-based workers growing by five and 14.4 percent, respectively. The top 10 sources of remittances include economically troubled nations such as the US, Japan and Italy, as well as Canada, Saudi Arabia, the United Kingdom, the United Arab Emirates, Singapore, Germany and Norway. Combined flows from these countries represented 84.9% of total remittances reported by banks, the BSP said.

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Ariba Acquires b-process Electronic Network

Ariba collaborative business commerce solutions closed the acquisition of b-process, a privately-held provider of electronic invoice network. With this, Ariba further expands its global footprint and extends its leadership position in the market for e-invoicing solutions. Certified by an independent accounting firm to handle value-added tax and invoicing regulatory requirements in 24 countries, b-process delivers solutions for e-Invoicing that are used by large buyer customers across industries, which accept invoices in any type of structured format files, including positional, EDI, XML and PDF, allowing buyers and suppliers to quickly and easily connect to the b-process commerce network and begin processing invoices.

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