Bank of Tescott Chooses IBT’s Front Counter Image Platform

IBT financial services products and best of breed solutions in process innovation and customer experience, announced that its client, The Bank of Tescott with branches in Salina and Lincoln KS has selected i2Teller Front Counter Teller Capture in an effort to streamline teller operations and avoid unnecessary exception processing. To serve its customers in the best possible environment, The Bank of Tescott chose IBT’s Front counter teller capture because it allows the teller to interact with the customer in the most efficient and friendly way while eliminating the common Day 2 exception processing. Transactions keyed in at the point of presentment detect errors immediately and avoid costly delays in additional handling of the items.

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Transaction Wireless Patents Social Gift Card Platform

Transaction Wireless multi-channel digital gift card and integrated marketing solutions has been granted a United States patent for its innovative social gifting technology built on Facebook Platform. The new patent protects the unique Transaction Wireless technology which combines social sharing and gift card purchases with delivery via Facebook, mobile devices, and email. The patent protects gift card purchasing within Facebook, gift card personalization, scheduled delivery, and customer loyalty. Transaction Wireless provides retailers and partners with a vehicle for purchasing and delivering digital gift cards and offering loyalty and marketing programs on the popular Facebook Platform and branded gift card storefronts on retailer Facebook Pages where people can purchase digital gift cards and add a personal touch with a photo and text, audio, and video messages.

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Apriva and MEI bring cashless payments to vending machines

Apriva end-to-end wireless transactions and secure information solutions has formed a strategic alliance with MEI global manufacturer of unattended payment systems to bring cashless payment solutions to vending operators. Apriva and MEI will co-market and support an end-to-end solution with state-of-the art hardware, secure payment processing technologies, reporting and back office tools, and MEI’s leading-edge EASITRAX vending management solutions. Each company is an active participant in the National Automatic Merchandising Association’s (NAMA) branded cashless payment offering and jointly delivers cashless payment solutions to the market. MEI is also a core partner in the ” Apriva Vend” cashless vending solution, an end-to-end cashless payment service that incorporates hardware, software, wireless transaction technology, and carrier services, as well as reporting and back office functionalities.

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Dollar Financial Acquires Risicum Internet Loans

Dollar Financial Corp diversified financial services company serving primarily unbanked and under-banked consumers for over 30 years acquired Risicum Oyj internet loans for approximately $46.0 million. Risicum was established in 2005 to provide loans predominantly in Finland through both internet and mobile phone technology, utilizing multiple brands to target specific customer demographics. Risicum also provides internet and telephony-based loans in Sweden. The trailing twelve months EBITDA for Risicum is approximately $9.2 million and the acquisition is expected to be immediately accretive to earnings. The Company expects to provide its initial earnings outlook for fiscal 2012, including the Risicum business net of acquisition and transition costs, when the Company announces its financial results for the fiscal year ended June 30, 2011.

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WESTERN UNION TO ACQUIRE TRAVELEX PAYMENTS

Travelex foreign exchange specialist sold its Travelex Global Business Payments (“TGBP”) business payments operations to Western Union for GBP606 million to shift focus on its 30 million retail customers with the provision of cash and pre-paid cards. With revenues last year up 17% driven by continuing expansion and contract wins in its prepaid card division, Travelex now has a network of close to 1,000 stores and more than 500 ATMs across 24 countries, as well as a growing online platform. The transaction also represents an attractive opportunity for Western Union, which will benefit from TGBP’s expertise as a leading provider of international business payments.

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DealsDirect Deploys TNS Payment Gateway

DealsDirect.com.au now offers users safer and faster checkout on the “TNSPay” gateway from Transaction Network Services. DealsDirect.com.au will implement the full suite of “TNSPay” solutions, which includes risk management, hosted payment forms, and stored card tokenization, and extends the “TNSPay” solution to its subsidiary store, DealMe.com.au. The “TNSPay” risk management tool allows merchant to apply risk assessments on selected transaction criteria, which might include paying special attention to transactions from certain countries or from specific customers or cards, and lets them set rules to help speed transaction approval for “known” or repeat customers. Merchants users can also use stored card tokenization to securely exchange card details with a token that represents the information, simplifying PCI DSS compliance requirements.

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Equens SE Payment Processor Deploys XYPRO Compliance

Equens SE has successfully implemented the XYPRO “XYGATE” suite of security and compliance solutions, which it will leverage to improve its HP NonStop security and achieve PCI-DSS compliance. Equens is one of the largest pan-European payment processors, leading the market for future-proof payments and card processing solutions. With clients and partnerships in multiple European countries and an annual processing volume of 9.7 billion payments and 3.9 billion POS and ATM transactions, Equens SE has a European market share of more than 12.5%. The “XYGATE” security suite includes role-based access control (RBAC), keystroke audit, user management, real-time alerts, user authentication and the most comprehensive audit and compliance software available for the NonStop server.

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First Data Extends GERMAN Processing Contract

First Data Corporation electronic commerce and payment processing, has extended its contract with Oldenburgische Landesbank AG (OLB) for a further five years. The agreement covers First Data services provided to its business units OLB Regionalbank and Allianz Bank, which include providing issuing processing services for both banks’ credit card portfolios, to include processing electronic transactions and the provision of operational services such as applications processing, client services, fraud management and disputes and collections services. The contract extension follows the successful migration of Allianz Bank’s credit card portfolio, which has enabled the banks to consolidate both credit card portfolios on to a single platform provided by First Data.

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Court Issues Adverse Opinion on Card Activation Patent

Card Activation Technologies POS technology for the processing of transactions related to debit gift cards, phone cards and other stored value cards announced the US District Court in Delaware issued its opinion on SVS and CAT’s cross-motions for summary judgment on July 1, 2011. The Court’s ruling is adverse to CAT and the validity of the ‘859 Patent and expected to have an impact on the reexamination proceedings pending in the U.S. Patent and Trademark Office. CAT is currently considering its options in moving forward. Card Activation Technologies owns the patent rights to a proprietary payment transaction method used for processing gift cards and other debit purchase transactions.

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Clear2Pay Acquires Lexcel Payment Test Solutions

Clear2Pay international technology provider of next generation payment solutions for financial institutions acquired Lexcel Solutions of payment test applications for core payment platforms and system capacity. This acquisition complements the company’s current range of test solutions. Lexcel Solutions provides payment testing software and services to third-party payment transaction processors, debit and credit networks, financial institutions, retailers, ATM/POS manufacturers and government organizations, including Heartland Payment Systems, STAR Network, Wincor Nixdorf, Mercury Payments, United States Postal Service, and WorldPay.

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