All Signs Point to Improvement in Economy

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With unemployment down in February to 8.9% from 9.0% in January, having fallen 0.9% since November 2010, and the U.S. consumer credit charge-offs declining for the fifth consecutive month of improvement by another 32 basis points (bps) to 8.05%, the Conference Board also has some good news. Its Leading Economic Index…

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Pivotal Payments Selects FIS for EFT

Pivotal Payments and FIS are set to deploy FIS’ EFT software solutions in support of its new HD3 merchant services processing platform. FIS’ robust software provides Pivotal Payments with real-time access to data, resulting in faster response times and tougher fraud protection measures. In addition, the scalable platform allows Pivotal Payments to further tailor their services to meet the needs of their partners and merchants. FIS will work collaboratively with Pivotal Payments as host and operator of the HD3 processing solution through a facilities management arrangement.

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Sage North America to Address NTEN’s 2011 Conference

Sage North America will present an education session on technical management techniques for managers at NTEN’s 2011 Nonprofit Technology Conference (NTC), being held through Friday, March 18 at the Washington Hilton in Washington, D.C. Sage will also exhibit its Sage Fund Accounting software, Sage Fundraising software, and Sage Mobile Payments solution in booth 72 at the conference’s Science Fair. In it, the Company will arddess how to successfully manage technical projects and people, with a low incidence of pain and frustration and about managing the performance of technical personnel — both contractors and employees — and how to recover from project disasters to get back on track.

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Jumio Online Payment Gets $6.5m Series-A Round

Jumio online and mobile payment solution has closed a $6.5 million Series-A round of funding led by the co-founder of Facebook and private investor, whom will become actively involved in Jumio’s roll out into the Asian market and joins Jumio’s board of directors. The Company created its Special Purpose Acquisition Company (“SPAC”). A participation in Jumio was placed privately to Ultra High Net Worth Individuals (“Ultra HNWI”) in form of a private placement. The use of SPAC is very rare amongst start-up companies, but generates a lot of interest from high net worth individuals to participate in start-ups.

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USA Technologies To Raise $10.7mm Common Stock

USA Technologies wireless, non-cash transactions has signed a securities purchase agreement with institutional investors to purchase $10.7 million of common stock in a private placement, for which it will sell an aggregate of 5,200,000 shares of its common stock at $2.064 per share and warrants to purchase up to 3,900,000 additional shares in the aggregate of its common stock. The proceeds of the offering would be used primarily to support the expansion of the Company’s JumpStart program under which USA Technologies generated over 32,000 new connections in calendar year 2010, allowing customers to implement the ePort cashless solution with no upfront investment. They can go with “ePort G8” to accept contactless payments or the “ePort EDGE” one-piece cashless reader and controller combo designed for quick installation.

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PYDS Projects 1Q/11 Transaction Growth

Payment Data Systems electronic payments solutions provider released the payment processing projections for 1Q/11, expected to top that of 4Q/10 and the highest volumes processed in over a year. Total 4Q/10 results show it was the best quarter of the year, was up 31% over 3Q/10 and credit cards dollars processed in December were up 22% over November 2010. PYDS also finalized negotiations FiCentive as a new sponsoring bank for prepaid card issuance and expects to sign the final agreement in the next week.

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EProcessing Launches Bill Payment Application

EProcessing Network payment gateway and software development company in the electronic payment processing industry has released its “ePNBillPay” web application allowing merchants to manage their accounts receivables, email customer invoices and receive electronic payments-all without a website or expensive accounting software. Merchants create or import invoices within the ePNBillPay system, or upload invoices created in select QuickBooks#174; versions using ePNPlugIn. They can then email all or select invoices to their customers. This email contains a link for the customer to go online to pay their invoice using their credit/debit card, check, or gift card.

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Cit Credit Card Points to Help Japan Relief Effort

Citi ThankYou Rewards Members can now use their points to support disaster relief efforts for those affected by the earthquake and tsunami in Japan. Members can redeem their points for donations in denominations of $25, $50 and $100, which will benefit the American Red Cross Disaster Relief Fund. ThankYou Rewards Members can go directly to ThankYou.com and redeem their rewards points under “Charitable Gifts,” or they can call the ThankYou Rewards service center at 1-800-THANKYOU (800-842-6596). Citi credit cardmembers and Citibank® Debit MasterCard® customers who are not ThankYou Rewards Members can donate to the American Red Cross here.

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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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