Dynamics Wins FinovateFall 2011

Dynamics next-generation payment cards won Best of Show of FinovateFall 2011 in New York City for the second year in a row for its “Chip and Choice” technology. Addressing EMV flaws, Dynamics’ “Chip and Choice” technology includes a secure, embedded chip and an exposed chip. A user can select different payment options by pressing different buttons on the card. Dynamics’ secure, embedded chip then writes a different, temporary chip profile into the exposed chip based on the user’s selection. In doing so, a user can select and use different payment applications even with readers that do not support such applications. This level of flexibility, unique to Dynamics payments cards, negates the needs for costly infrastructure updates in order to deliver powerful new functionality to merchants, networks, card issuers, and consumers.

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AmEx Launches SMB Financing Program

American Express launched its Merchant Financing financing products, offering qualified merchants access to cash for their business needs. This gives merchants the opportunity to leverage their relationship with American Express to tap into a convenient and hassle-free source of capital, which is repaid automatically through settlement charges and accompanied by low fixed fees. American Express maintains direct relationships with its merchant customers and as a result, has a unique ability to meet merchant needs. This financing program enables SMBs to better manage their cash flows on a regular basis monthly – A one-year term with 12 monthly loan disbursements each up to $500,000, where the cash financing amount is extended at the beginning of each monthly period and is repaid in full by the end of each monthly period- or annually – A one-time loan disbursement that is equal to 25% of projected annual American Express charge volume, up to $750,000, where the loan is paid down in full by the end of the one year financing term.

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Bluepoint Joins Symitar Vendor Integration

Bluepoint Solutions item processing and enterprise content management has joined Symitar’s Vendor Integration Program (VIP). Symitar of Jack Henry & Associates provides core processing solutions and enterprise-wide automation for approximately 750 credit unions. VIP membership enables Bluepoint to integrate its ImagePoint product line with Symitar’s online banking and core processing systems. Bluepoint now has access to Symitar’s implementation, programming, quality assurance and testing support, eliminating most compatibility or technical issues that may have once challenged credit unions wanting to use this service.

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Ceridian Intros B2B Gift Card Portal

Companies can now offers a method to purchase a wide variety of gift and prepaid cards for employee rewards and recognition with the SVS B2B bulk gift card ordering portal through Ceridian. The SVS B2B Portal features dozens of popular retail, dining, travel and entertainment merchant gift cards. In addition, our Network Branded Prepaid Incentive Card is available in four distinctive designs, and companies have the option of imprinting their corporate logo on these cards. Cards may be purchased in a minimum quantity starting at 20 cards or $500.00 in value per order.

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Intuit Debuts Next-Generation m-Payments

Intuit unveiled its next generation of mobile products that will expand its portfolio of connected services. These range from innovations that will make it easier for the smallest of businesses to accept credit card payments, to others that will help doctors and patients communicate quickly, to a banking application that allows consumers to deposit a check from anywhere with just their mobile phone. With this, it introduced its Innovation Gallery Walk of more than 20 mobile solutions designed to help Intuit’s 50 million customers manage and improve their financial lives. Here Intuit introduced its “Financial Services Consumer Mobile Solutions”; “Prepaid Debit Card for Intuit GoPayment”; “Health iPad Patient Check-In and Mobile Inbox”; and its “ProOnGo Expense for Intuit App Center.”

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NCR Rewards Disruptive Innovation to its Engineers

NCR Corporation has given its 2011 C.K. Prahalad Award to Brian Connell, software engineer, and Dave Norris, engineering manager, for their work in the development of Scalable Deposit Module (SDM) technology, NCR’s most recent ATM innovations allowing simultaneous deposit of cash and checks through a single slot. NCR introduced the C.K. Prahalad Award last year to pay tribute to Dr. Prahalad, a member of NCR’s board of directors who passed away in 2010 at the age of 68. C.K. was regarded as one of the most influential thinkers on strategy in business and was recognized as the world’s most influential business thinker on the Thinkers50.com list in 2009. The SDM module allows a typical consumer transaction of five bank notes and two checks completed in less than 60 seconds.

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Mozido Partners Kabbani Associates for Remittance

Mozido cloud payment network has finalized an exclusive partnership with Kabbani Associates payment and remittance to bring mobile wallet solutions to Money Service Businesses. This is to introduce Mozido’s mobile wallet services to the MSB community and provide traditional remittance companies with the advanced technology needed to bank their customers. Mozido has been offering a comprehensive suite of multi-channel payment and marketing solutions to the P2P, C2B and B2C markets for over a decade. They support numerous clients and have relationships with industry leaders such as Western Union and Moneygram.

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Fiserv and Kronos Intro Workforce Management

Fiserv and Kronos Incorporated plan to further enhance banking branch effectiveness worldwide by leveraging each other’s technologies and sales efforts. They are developing an integrated solution for the Signature bank platform to measure workforce performance in real-time alongside core transactional and customer data to help banks further enhance operational efficiencies, minimize compliance risk, maximize staffing, and improve customer service. Through the automation of pay policies, the combined Fiserv and Kronos solution will minimize the risk of being out of compliance with federal, state, and other labor laws and regulations.

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BankAtlantic Provides Access Banking from Multiple Platforms, Devices

BankAtlantic now offers its suite of convenient choices for consumers to bank from on its new Mobile Web platform, Text Message Banking and Mobile apps for the iPhone, iPad, iPod Touch or Android phones. Powered by Intuit Financial Services, these solutions allow customers to securely view the most common and frequently needed banking services including account balances, ATM locations, transaction histories, transfers and bill payments. BankAtlantic’s Text Message Banking service is provided to its customers free of charge.

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Citi Payment Service Expands to Cover Exotic Currency

Citi announced that its Global Transaction Services unit has continued to make enhancements to its “WorldLink” Payment Services capabilities for making payments in exotic currencies. The “WorldLink” service also developed its network to support current and future exotic currency offerings. These enhancements allow for significant reductions in settlement time, increased visibility of important transactional details and a reduction of volume capacity against exotic currencies. The controlled liberalization of the Renminbi (RMB) in 2009 by the People’s Bank of China (PBOC) had been a long anticipated opportunity in the continued globalization of the world economy. Since then, the Chinese government’s continued expansion has allowed WorldLink Payment Services the opportunity to further develop its capabilities in making cross-border payments in RMB.

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