TMG Adds Prepaid Department

The Members Group (TMG) payments solutions provider introduced its TMG “Retail Payments” client-service department. Created to address the increasing financial institutions now offering TMG’s ATIRA-brand suite of prepaid products, “Retail Payments” includes “ATIRAreload,” a Visa general-purpose reloadable card; “ATIRAgift,” a Visa open-loop gift card; “ATIRApay,” a Visa payroll card; and the “Coopera Card,” a Visa reloadable card designed specifically for Hispanic cardholders. TMG’s core products include credit, debit, ATM and a variety of ATIRA-branded prepaid solutions.

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AA Credit Union Continues Fee-Free Debit Offering

American Airlines Federal Credit Union (AA Credit Union) continues to offer benefits that allow member-owners to use their card with a premium dividend rate, out-of-network ATM fee refunds and no monthly fees on its Priority Checking Account. As the Credit Union industry celebrates International Credit Union Day Oct. 20, consumers are being given advice from financial gurus, such as Suze Orman and The Wall Street Journal, suggesting they turn to credit unions as a banking alternative. AA Credit Union, one of the nation’s largest credit unions, is leading the way with its Priority Checking account, offering a premium dividend of 2.51 percent Annual Percentage Yield (APY).

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Capital One Bank Promotes High Yield Checking Account

Capital One Bank (www.capitalonebank.com) is promoting its new High Yield Checking account, highlighting competitive sports with a pre-game “High Five” sweepstakes at this weekend’s Washington Capitals game, in addition to an online “High Five” photo sweepstakes. Both give fans the chance to enter and win “five times the tickets” (five tickets) to a DC-area professional or college sports game in recognition of Capital One Bank’s new High Yield Checking account, which earns at least five times the national average interest on checking. Capitals fans who come to The Greene Turtle Sports Bar & Grille on October 22 before the game can give their creative “High Fives” in front of a panel of judges, including Capitals Hall of Famer No. 5 Rod Langway, and enter for their chance to win five times the tickets to an upcoming Capitals game. The High Five event begins at 4:30 p.m. at The Greene Turtle’s Verizon Center location at 601 F Street, NW.

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Motion Launches Mobility Tablet Tool

Motion Computing tablet PCs and supporting mobility solutions introduced its “Motion CL900 SlateMate” productivity tool. Extending the functionality of the CL900 Tablet PC, the first CL900 SlateMate module includes a magnetic stripe reader (MSR) and barcode scanner (BCS) for mobile data acquisition and transaction processing. Built on the foundation that purpose-built integrated tools maximize the benefits of tablet PC deployments, SlateMate was designed to enable the future delivery of new integrated configurations that meet the needs of users across vertical markets.

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BluePay Offers Hotel Credit Card Processing

BluePay secure payment solutions now provides hotel credit card processing services for merchants in the hospitality industry. It can offer merchants’ guests more flexible payment options for smooth check ins and check outs, as well as more comfortable overall services. Guests can use online accounts to manage reservations and make payments, and services like gift and loyalty card programs can increase returning visits. BluePay offers a full suite of streamlined credit card processing solutions for merchants.

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SecurityMetrics Launches Network Security Device

SecurityMetrics launched its “Vision,” an industry-first network threat sensor designed to help small merchants secure their business networks and comply with challenging Payment Card Industry PCI-DSS requirements – SecurityMetrics.com. SecurityMetrics Vision is an industry-first network threat sensor designed to help small merchants secure their business networks and comply with challenging PCI-DSS requirements. The product combines log analysis, threat alerts, internal vulnerability scans, wireless detection, and a firewall/router, equipping merchants with easy, low-cost protection against card data theft while addressing key PCI requirements.

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The Bunker to Manage Anderson Zaks Card Processing

Anderson Zaks international card payment processing software and services has moved its credit card transaction processing to The Bunker, which will be providing Anderson Zaks with ultra secure managed hosting and co-location services for its “RedCard” managed service. The Bunker offers ISO 27001 accredited and PCI DSS compliant services, so is an ideal match for Anderson Zaks which has over 1,000 merchants using its managed services including supermarkets, High Street chains, airlines, travel companies, theatres, garden centres, pharmacies and corner shops.

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Citibank Indicates Customers Still Paying Balances On Time

After having peaked in 3Q/09 at 10.14%, Citibank is reporting its card division chargeoffs continued its downward descent in 3Q/11, reaching 5.58% to its lowest percentage in years. Accordingly, chargeoffs, 30-89 day delinquencies and 90+ day delinquencies have all consistently dropped every single month-over-month since 1Q/10. With this, chargeoffs hit 8.69% in 3Q/10, 30+ day…

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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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