Agfa Graphics Launches POS Equipment

Agfa Graphics announced a new member in the successful :Jeti series. With the :Jeti 5048 UV XL Agfa targets the 5 metre ultra wide UV curable inkjet market, an application segment that is becoming more important every day. The :Jeti 5048 UV XL will be available in two models. Model one is designed to address high productivity applications such as building wraps and XXL billboards with throughput speeds close to 300m2/hour, delivering one of the fastest industrial strength ultra-wide UV presses in the market while odel two is designed to offer higher quality output for both XXL and/or POS applications. Both models of the 5048 UV XL support simultaneous printing of up to three rolls of the same media type.

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WorldPay Names New Non-executive Chairman

John Allan has been appointed Non-Executive Chairman with WorldPay payment services. This follows an extensive career as the CFO wuth Deutsche Post DHL and Chief Executive wuth Exel Plc and Executive Director of BET Plc. He is currently Non-Executive Chairman of Care UK Ltd and Dixons Retail Plc and holds a number of Non-Executive Directorships including ISS A/S and the UK Home Office. WorldPay will benefit from Allan’s extensive expertise as a Chairman and board member in terms of strategic input, business development and corporate governance.

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RS Components & Allied Electronics Recognized by Crydom

RS Components (RS), and Allied Electronics, the trading brands of Electrocomponents, the world’s largest high service distributor of electronics and maintenance products, has been named Global Distributor of the Year by Crydom, a manufacturer of solid state relays and controls. The distributor has been recognized for its POS and POP sales, demonstrating support in best-in-class relationships and collaboration; new product introduction; marketing and web site excellence; customer account expansion; local market engagement; and inventory positioning. Every year Crydom recognises its distributors and representatives for their performance. Usually these awards are given independently by region; however for 2010 the winner in overall global figures were RS and Allied making the award global.

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Veterans Bank Deploys Misys App

Philippine Veterans Bank is upgrading to Misys’ “BankFusion Equation” to support the growth of its consumer banking and lending business. Philippine Veterans Bank (PVB) has been a Misys customer for ten years and now seeks to match the demands of the business, automate processes, improve productivity and drive down the cost/income ratio to cater for the increased demands on operations. PVB can now tailor and modify business processes to its exact requirements, no longer constrained by the underlying technology. PVB has licensed an integrated solution comprising Misys BankFusion Equation, Opics Plus, TI Plus and Message Manager for its core processing, lending and treasury.

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GE Money chooses BNP for funds distribution

GE Money Bank has implemented BNP Paribas Securities Services (GE Money) to provide fund distribution services. The BNP Paribas’ open distribution platform will form a key component of its distribution strategy. By continuously improving its range of products and services across each of its locations as well as extending its local presence, BNP Paribas Securities Services aims to provide its clients with the same world-class solutions across the globe.

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SIX Card & TNS Ink Payment Services Agreement

SIX Card Solutions signed agreements with Transaction Network Services (TNS) to offer its merchants access to multiple acquirers across Europe through the TNS Secure Payments Network. This will provide SIX Card Solutions a managed payment network service for the hospitality and car parking, streamlining its payment-related connectivity on just one connection, replacing multiple local suppliers. SIX Card Solutions payment transactions will be routed via TNS’ PCI-certified Secure Payments Network on the “TNSPay” payment gateway services and its broad portfolio of payment network connectivity solutions. SIX Card Solutions Group provides innovative payment processing solutions to hotels, restaurants, parking, retail, vending and e-commerce.

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KFH announces 10 new winners, ends card promotion

Kuwait Finance House (KFH) conducted its last monthly draw for its campaign concerning KFH’s banking cards (credit-prepaid-ATM), awarding different clients during February and March KD 20,000 when using their KFH cards. The campaign managed to accomplish its objectives, which are boosting commercial business in the local market, and increase sales through tools offered in the campaign, which was positively reflected in KFH’s banking cards’ market share. The campaign gave KFH card holders the opportunity to win KD 40,000 in awards during the past two months through using their banking cards, where each user who used his card through points of sales machines at stores and shops, had the opportunity to be a winner every month during the draw for every KD 50 purchases or its equivalent in other currencies, and then having 10 clients every month win KD 2000.

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Small Business Indicates Economy Showing Promise

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Indicating growth is starting to surpass survival as the number one priority for business owners, 35% of small business now plan to hire, the highest level since the fall 2008. With this, concerns of economic uncertainty are starting to recede (27% vs. 35% in the fall) as 37% expect to grow…

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Investment in Card Networks Paying Off

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Those having written credit cards off as a thing of the past might want to reevaluate their assessment. That’s because as credit losses continue-now down to 8.31% after overall improvement for the past six months from October figures of over 10%- credit card provider shares are slated to continue growing. The…

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Bank of America 1Q/11 Card Division Nets $1.7B

Bank of America reported 1Q/11 net income of $2.0 billion, compared to net income of $3.2 billion a year ago and a $1.2 billion loss last quarter. Performance improved thanks in part to 30+ day delinquency rates near all-time lows, net losses declining for the sixth straight quarter, and customer payment rates improving for the seventh straight quarter. Meanwhile, its Global Card Services reported net income of $1.7 billion, up $749 million from the year-ago quarter as lower credit costs more than offset a $1.2 billion decline in revenue. The lower revenue reflected a drop in net interest income from lower yields and lower average loans, including run-off portfolios, as well as lower noninterest income due to the impact of the CARD Act as provisions became effective throughout 2010. Net income was up $224 million over the previous quarter as continued credit improvement led to lower credit costs, offsetting lower loan balances and lower yields. Provision for credit losses decreased $2.6 billion from a year ago, driven by lower net charge-offs from lower delinquencies and decreasing bankruptcies as a result of the improved economic environment.

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First Data Releases Prospectus on 1Q/11

First Data electronic commerce and payment processing solution set has been expanded through enhancements to its eCommerce Solutions, Mobile Commerce Solutions and proprietary POS terminal line. First Data eCommerce product enhancements implemented throughout the quarter were to Dynamic Currency Conversion (DCC), expanding the number of supported currencies from 36 to 72 in over 120 countries; the Company introduced the “Fraud FlexDetect” eCommerce fraud detection and prevention solution; it released “Payment Software” certification under current PA-DSS requirements and other compliance initiatives; and its “Global ePricing (GeP)” enhanced exchange rate reporting capability for multicurrency transactions was released. In addition, First Data released five new POS terminals for faster processing, including its “FD50Ti;” “FD100Ti;” “FD200Ti;” “FD300Ti;” and the “FD400Ti.

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