International Bank to Deploy Earthport Pension Payment Remittance

Earthport global payments forged a contract with an international bank to offer enhanced cross-border payment services to its customers, for which it will facilitate thousands of payments monthly and furnish cross-border remittance services. The bank will also be leveraging Earthport’s unique international money movement platform to provide low cost and secure cross-border remittance services to its customers wanting to make person to person payments.

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Cassiopae Acquires Field Solutions Software

Cassiopae acquired 100% of the shares of Field Solutions, a UK-based supplier of software solutions and services for asset and credit finance. Field Solutions offers finance pricing, origination, and contract administration solutions to 150 customers in the banking and finance industries. The acquisition expands Cassiopae’s presence in the UK and Ireland and business opportunities within blue chip financial services companies in the region.

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Matrix Partners With VISA on Card Promo

Matrix Cellular international telecommunication services has partnered with VISA Travel Card Matrix to offer discounts to VISA Travel Card customers. Now all International travelers purchasing a VISA Travel Card can enjoy free talk time worth Rs. 700 on a Matrix mobile connection. VISA Travel Prepaid Card are the most convenient and safe way to pay for purchases abroad and can be used to make purchases at all merchants and is accepted at all the locations where VISA Debit or Credit card is accepted.

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India Post Partners MoneyGram, Offers Money Transfer

India Post distribution postal network and MoneyGram International money transfer partnered to offer convenient money transfer solutions. Shri Kapil Sibal, the Union Minister of Communications and Information Technology commenced the scheme by conducting a remittance transaction through the MoneyGram service and displayed the ease in the transaction through the new system. With this, 100 Post Offices in Delhi, Punjab and Tamil Nadu Circles will begin offering MoneyGram instant inward money transfer services, which will be extended to a total of 5,000 Post Offices by 2014. MoneyGram offers money transfer services worldwide through a global network of more than 244,000 agent locations in 192 countries.

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Hoeft & Wessel Deploys CreditCall NFC Ticketing

Hoeft & Wessel is set to provide NFC enabled contactless payment functionality across its ITSO ticketing equipment and terminals through the integration of Contactless. CreditCall’s Contactless Kernel allows Hoeft & Wessel ticketing, parking and mobile solutions to incorporate contactless payment technology into its solutions, greatly reducing their development and time to market cycle. Addressing stationary and mobile systems with ticket vending machines and parking machines and mobile terminals with a Contactless Kernel, Hoeft & Wessel can now accept Visa payWave and MasterCard PayPass enabled cards in an unattended environment.

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VietinBank to Start Issuing JCB Cards

Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and JCB International (JCBI) launched the first JCB branded card in Vietnam, the VietinBank-JCB Cremium card. VietinBank has made substantial strides over the course in recent years in establishing a firm position as the leading bank and financial group in Vietnam, operating over 150 branches and 1,500 ATMs. JCB and JCBI entered into the Vietnam market to expand JCB card acceptance in 1991 and have been increasing convenience for over 69 million JCB card members largely based in Japan, China, Korea, Taiwan, and other Asian countries who travel to Vietnam. The new branded cards will be accepted at over 34,000 JCB merchants in Vietnam, as well as the worldwide acceptance of 18 million merchants globally through JCB’s merchant network located in 190 countries and territories.

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Experian New Credit Risk Tool Promotes Sound Lending

Experian global information services launched a new version of its credit marketing pre-screening tool allowing financial services organisations to more easily identify consumers under financial stress and market only to those most likely to be accepted for their products and services. These data include additional data indicating early signs of arrears as well as credit card behavioural data. Delphi for Marketing accesses a huge volume of addressable data and also allows the appending of behavioural insight from Experian’s consumer financial classification tool, Financial Strategy Segments, to ultimately promote responsible lending by marketing based on informed decisions.

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Credit Card Tracks Overall Positive Performance

Demonstrating Fitch Ratings’ break-even stress scenarios for the largest credit card issuers, card portfolio performance is positive overall. Chargeoffs currently sit at 6.4, below the three month average of 6.7, while the 3-month excess spread is currently 11.1, compared to the 10.9 average, and 60+ day delinquencies are only 2.2, compared to the average 2.4…

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Reliance Bank deploys Fiserv Wire Transfer

Reliance Bank has become the 400th financial institution to install “WireXchange” from Fiserv. Offering a flexible solution for completing end-to-end wire transfers, browser-based “WireXchange” features one-time data entry to streamline every step in the wire transfer process, including verification, OFAC screening, posting to the host system, delivery to the Federal Reserve, and automated notification to customers and members. Ultimately, it helps clients balance the need for efficiency and responsive service with the need to follow a highly secure and regulatory compliant process.

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NCR and Sparkfly Drive Consumer Engagement

NCR Corporation has forged strategic agreement to integrate Sparkfly’s mobile marketing platform with Radiant point-of-sale software, including Aloha. Sparkfly’s personalized smartphone application enables the delivery and redemption of digital offers and discounts at the POS and now will provide customers with the ability to grow incremental revenue, enhance cross-selling capabilities and drive consumer engagement across multiple channels, such as mobile and at the point of service. NCR acquired Radiant Systems, Inc, in August 2011, positioning the company as NCR’s Hospitality and Specialty Retail industry line of business and market leader with more than 100,000 installations worldwide.

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ACI extends S1 offer expiration date

ACI Worldwide has extended its exchange offer for all of the outstanding shares of common stock of S1 Corporation to 5:00 p.m., EST to October 31, unless extended. As of 5:00 p.m., Eastern Time, on Tuesday, September 27, 2011, 12,965,097 shares of S1 common stock had been tendered in, and not withdrawn from, the exchange offer. ACI also withdrew its prior filing under the Hart-Scott-Rodino Antitrust Improvements Act, as amended (the “HSR Act”).

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epay Inks Long-Term Prepaid Processing Agreement

epay of Euronet global electronic payments provider and distributor inked an exclusive agreement to process prepaid mobile airtime transactions in the independent retail segment for Boost Mobile, Virgin Mobile USA and Assurance Wireless, all owned by Sprint. epay is a worldwide leader in servicing independent retailers and has invested in leading edge technology to support Sprint’s strategy to grow prepaid revenues in this important channel. epay’s strategy has advanced beyond simply processing transactions and evolved into providing needed business solutions for its partners. epay’s integrated tools allow mobile operators to Analyze, Control and Manage distributor networks with enhanced selling.

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