Remit4Change & ATMCASH Partner, Offer Remittance

ATMCASH and Remit4Change partnered to reinvest in community development projects and improve the way immigrants send money back home. This brings an affordable, efficient and socially responsible solution to the money transfer industry. Remit4Change represents a collection of 1400 immigrant organizations. They have partnered with ATMCASH, an online money transfer service to over 150 countries, to achieve their goal of connecting immigrants with socially-minded remittance services. For each new Remit4Change customer referral, ATMCASH reinvests $20 into community development projects. An additional $1 dollar is reinvested for each subsequent transaction. ATMCASH offers money-senders an affordable and manageable way to transfer funds.

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ROAM Data Releases Enhanced m-Card Acceptance

ROAM Data mCommerce platform provider for POS and eCommerce to the mobile environment announced its redesigned “ROAMpay X” mobile card acceptance application that improves the merchant’s user experience with enhanced graphics and added features for iPhone and Android touch-screen users. The improvements include “Enhanced User Experience;” “Signature Capture;” “Automatic Tax Calculation;” and “Tip Functionality.

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POS Supply Solutions Named to List of Fastest Growing Companies

Inc. magazine has ranked MA-based POS Supply Solutions No. 3,320 on the annual Inc. 500|5000 ranking of the nation’s fastest-growing private companies thanks to its 3-year sales growth of 56%. POS Supply Solutions provides point of sale and transaction supply solutions, serving a full spectrum of hospitality, retail, financial, gas station, medical, wireless and business transaction applications. They offer a full line of point of sale thermal paper rolls, printer ribbons, bond & 2-ply carbonless paper rolls, ATM paper, kiosk paper, credit card supplies, custom printed roll paper, cash register paper and ribbons, thermal labels and many other POS accessories.

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NetLogic Semiconductor Launches Knowledge-based Processor

NetLogic Microsystems semiconductor solutions for next-generation Internet networks launched volume shipments for its industry-leading NL10k and NL11k families of advanced knowledge-based processors, optimized to manage the significantly greater requirements of Internet Protocol Version 6 (IPv6) processing in next-generation switches and routers. The first of these IPv6 customer systems to adopt NetLogic Microsystems’ advanced 40nm knowledge-based processors has begun volume production this quarter, and the company expects that an additional 60 customer programs at more than 17 customers will start their production ramps in the fourth quarter of 2011 and throughout 2012. Manufactured in the advanced 40nm process node, the NL11k and NL10k knowledge-based processors also integrate an innovative Range Encoding Engine (REE), which employs advanced one-hot and fence encoding algorithms to implement range encoding that allows customers to effectively double the efficiency of performing port range inspection.

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Rapid Investments Implements ControlCase PCI Compliance

ControlCase IT Governance, Risk and Compliance (GRC) software solutions and managed compliance services announced Rapid Investments niche payment solutions implemented its PCI Compliance service; a suite of software tools that enable organizations to attain compliance with the Payment Card Industry Data Security Standard. Rapid chose ControlCase because it offered an industry leading automation service that would ensure that the business remained continually compliant. Rapid recognized that it needed a managed solution that could intelligently control threats and streamline its business processes, not only saving time but enabling key staff to be allocated to other parts of the business.

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UAE Exchange Launches Remittance Promo

UAE Exchange launched its 2011 version of “Onasowbhagyam” for Keralite customers in the UAE. The 10-day promotion allows customers sending money to Kerala to do so in a specific time period during the day through any UAE Exchange branch in the UAE. They need to then send their transaction number through SMS to 4642, to qualify for the corresponding daily draw and win prizes including INR 25,000 and a Gold Coin daily. The special timing called ‘Onasowbhagyam timing at UAE Exchange’ will be conveyed to the customers daily through Radio Asia or NTV. The “Onasowbhagyam” also has a strong global network with over 530 direct offices in 24 countries, along with correspondent relationships with over 150 global banks.

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Ingenico acquires TNET payment terminal technical service

Ingenico payment solutions acquired 100% of Italy-based TNET Centro Servizi Monetici Srl (TNET) technical services for payment terminals, strengthening its position in the market, especially in banking, loyalty, petrol and retail. Ingenico Italia will thus become the largest independent company for POS related services. TNET, founded in 1998, has been one of the first independent companies to provide on-site services to the electronic payment market. TNET manages an installed base of 45.000 terminals in Italy, and the number will reach 50.000 terminals within the coming months thanks to new contracts already signed.

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VeriFone Ships 500,000th System to Point Transaction

VeriFone Systems has shipped its 500,000th payment systems to Point Transaction Systems, which uses VeriFone systems and software with most of its several hundred thousand merchants. Point also resells VeriFone systems and software in England through its subsidiary, Commidea. Point is able to call upon the worldwide resources of VeriFone to meet virtually any customer need for payment products and services.

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Axis Bank Partners for Maybank Remittance

Axis Bank officially partnered with Malayan Banking Berhad for remitting money from Malaysia to beneficiary accounts in India. Axis Bank has signed an agreement with Maybank for offering remittance facility to India, under Maybank Money Express (MME) service. The service offers remittance for sending money to the intended Axis Bank account holders or any of the 78000 NEFT enabled branches of over 100 other banks in India.

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Citibank Appoints Regional President, Consumer Banking

Citibank announced has appointed Jerome Byers as Regional President of Consumer Banking for its Central Region to implement Citi’s service and sales strategy for all Citibank branches from Illinois to Texas. Byers previously served as Atlanta Regional President for Wells Fargo where he was responsible overseeing 200 banking locations and 5,000 team members. Byers played a major role in the largest bank merger in U.S. history, successfully leading the Atlanta area through Wachovia’s transition to Wells Fargo. Byers has served on the Atlanta Chamber of Commerce and is a past Chairman of the Board for Teach for America.

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