GiftCertificates.com Appointments New CEO

Ian O’Brien has been appointed CEO for GiftCertificates.com, an e-commerce provider of reward
solutions and gift products. Bringing to the table 25 years’ of technology leadership, business strategy,
and sales and marketing experience in a diverse set of industries, O’Brien was most recently with Marlin Equity Partners as its CTO.
Here he supported board level activities regarding IT
strategy, product strategy and development for Marlin’s portfolio
companies including Burroughs, CompassLearning, Liquent and ProLogic.
Previously, Mr. O’Brien was CIO for a $1 billion business communication
services provider, where he led strategic development and transformation
projects for internal process and customer solutions. He also served as
Chief Architect at Standard Register. Mr. O’Brien holds a Bachelor of
Science degree in MIS, and an MBA in Finance, from Indiana University.

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E-Debit Launched Its Micro Payment and Loyalty Card System

E-Debit Global Corporation launched and deployed its wholly owned subsidiary E-Debit International Micro Payment and Loyalty Card System and Platform for deployment of the E-Debit loyalty, prepaid and debit Card program. The E-Debit Global Corporation (WSHE) is a financial holding company in Canada at the forefront of debit, credit and online computer banking. It has established a strong presence in ATM, POS, Online Computer Banking (OCB) and E-Commerce Transaction security and payment. It is also a full participating member of the Canadian INTERAC Banking System.

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EDB ErgoGroup & Bankernas Automatbolag Forge Partnership

EDB ErgoGroup has forged seven-year agreements with Bankernas Automatbolag, providing operational responsibility for 2,800 minibanks in Sweden. The contract represents a total value iof around NOK 800 million and with it, EDB ErgoGroup will deliver standardised services for the banks’ ATMs for administration, software management, transaction processing, settlement and operational monitoring. A combined transition project will make all 2,800 ATMs part of EDB ErgoGroup’s service concept for ATMs over the course of 2012. EDB ErgoGroup will now provide services for 3,200 of the 3,800 ATMs in use in Sweden.

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Wincor Nixdorf Deploys Ink Stains

Wincor-Nixdorf ATM manufacturer is making available to its customers its own integrated ink-staining technology. Available in cassettes installed inside its Cash Intelligence NEO (CINEO) line of ATMs and Automated Teller Safes, the in-house-designed solution ensures the safe transport of funds between banks and retailers. Each cassette holds a maximum of 2,200 banknotes of any denomination, including $10s and $20s. The ink-staining system located inside the cassette sprays the banknotes, using a mechanism that is triggered by an explosive charge.

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Gloucester Credit Card Trust Adds Account Assets

Gloucester Credit Card Trust announced MBNA Canada Bank, in its capacity as seller and BNY Trust Company of Canada as custodian will randomly remove accounts that have been identified as being included in MBNA’s credit card receivables securitization program. In connection, approximately $2,250,000,000 of credit card receivables and related assets thereunder will be removed from the pool of credit card receivables and related assets in which the Trust has purchased undivided co-ownership interests (the “Custodial Pool”). Also, MBNA will identify additional accounts to be included in the Program and, in connection with such addition, approximately $1,150,000,000 of credit card receivables and related assets thereunder will be added to the Custodial Pool.

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Second Edition of CARTES to Kickoff in March

The second edition of CARTES in Asia will be held at AsiaWorld-Expo, Hong Kong, from 29 to 31 March 2011. Over 120 exhibitors from 23 countries will showcase their latest innovative technologies for card manufacturing, authentication solutions, payment solutions, mobile security and other innovative technical solutions. Key exhibitors include Advanced Card Systems, American Express, Atlantic Zeiser Gmbh, Collis Asia, Bundesdruckerei Gmbh, China Electronics Corporation, Datacard Group, Eastcompeace, Galitt, Gemalto, Giesecke & Devrient, HID Global, Inside Secure, ST Microelectronics, Verifone and Watchdata. This exhibition is put together by CARTES’ institutional partner, China Information Industry Trade Association (CIITA). A French pavilion organized by Ubifrance will present 16 innovative companies dedicated to the card industry providing solutions for Asian companies. CARTES in Asia will feature its prestigious Asian SESAMES Award ceremony, recognizing the most innovative application in the field of smart cards, digital security, identification, secure transactions and contactless. For this, finalists include China Telecom with China Telecom Bestpay Mobile Payment Solution; Gemalto with eGo; Gemalto with Smart Badge Holder; STMicroelectronics with UTAMCIC; and Teslin Substrates by PPG with Teslin Biodegradable Substrate.

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Frost & Sullivan Awards Twinlinx’s NFC Sticker Solution

The Frost & Sullivan 2011 European Customer Value Enhancement Award in NFC Smart Cards Services is presented to Twinlinx for its “MyMax” advanced sticker solution. For “MyMax,” the user just has to stick it on the back of their handset mobile and pair it with the phone, subsequently upgrading it with NFC functionality without consumers having to change their phones. The sticker can be switched on/off by the phone which will allow the user to have the same experience as with an NFC phone and can work as a passive sticker while the Peer-to-peer mode allows the user to exchange information with other NFC enabled devices or handsets.

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Moody\’s Shows Charge-Offs Drop for 5th Straight Month

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] New reports from the Fed shows U.S. consumer borrowing increased by $5.01 billion for a fourth straight month in January from a $4.09 billion gain in December, although it was mostly in non- revolving loans. With this, economists are projecting a $3.5 billion increase in the measure of credit card debt…

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Two Payment Giants Speed P2P Payment Network

Fiserv financial services technology solutions has partnered with Visa to provides its customers a more speedy “ZashPay” person-to-person payments service. Allowing users to now send money to and receive money from eligible Visa account holders through their primary financial institution, this agreement will expand the “ZashPay” network to serve over 1 billion Visa account holders. Users can also extend person-to-person payments to eligible international account holders. Initially the service will focus on payment delivery to eligible credit and debit account holders, with plans to expand to prepaid and international account holders in the future. The service will be available to both consumers and small businesses using ZashPay.

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Fifth Third Processing Launches Open Payments Platform

Fifth Third Processing Solutions and IP Commerce have made available the “e-Similate” open payments platform and workflow engine. Designed to deliver Fifth Third Processing Solutions’ payment transaction processing and acceptance solutions to the software developer community, the platform combines Fifth Third Processing Solutions’ tier one payment capabilities with a wide range of select third-party services and unique market segment workflows through easily consumable Application Programming Interfaces (APIs). Adding Fifth Third Processing Solutions’ rich reporting and processing functionality, these APIs empower developers to process payments for a variety of use-cases right from their applications running on the e-Similate Platform.

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ControlScan Appoints New VP, Business Development

Joe Baker has joined ControlScan PCI compliance solutions as VP, business development, to oversee North American operations. Bringing with him more than 20 years’ experience, he was most recently senior VP, business development at CRE Secure Payments and held several senior management positions at CheckFree Corp. for more than a decade as VP, corporate business development; vice president of strategic partners, software; vice president of strategic alliances, electronic commerce; vice president of client operations, software; and vice president of sales, software at the provider of financial electronic commerce services and products.

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First Data Appoints New International Regions President

John Elkins has been appointed the First Data President, overseeing the Europe, the Middle East and Africa (EMEA), Asia Pacific (APAC) and Latin America (LA) market. He comes from the chief marketing and strategy officer role, where he sat since 2009 and will continue to lead Corporate Strategy. Prior to this, he was sequentially a senior advisor at McKinsey and Company, executive vice president and chief marketing officer for Visa International, and the founder/chairman/CEO of FutureBrand industrial and packaging strategy and design consultancy. John has published several papers on the topic of payments and holds a master’s degree from the University of Oregon and a bachelor’s degree from the University of Exeter, England.

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