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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Veteran’s Canteen Service Implements NCR POS

NCR will provide software, services and hardware, including two-sided printing, for multi-store concept in 180 VA Hospitals throughout the US and Puerto Rico with its POS. Scheduled for complete rollout to all locations by the end of this month, the solution includes approximately 1,100 NCR “RealPOS 70XRT” POS terminals; its “GenPOS” software; and NCR project management, software development, testing, integration, deployment, on-site training and technical support. The NCR solutions will be facilitate sales in retail shops, cafeterias, combination locations (retail and food), coffee shops, optical shops, and concessionaires.

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AmEx & FlyerTalk Introduce Unique Rewards Opp

American Express and FlyerTalk have kicked off the “Top Flyer” online community. Rewarding travelers for sharing their best travel tips and tricks, the program gives travelers the opportunity to receive 10,000 Membership Rewards bonus points from American Express (or a $50 American Express Gift Card) each month between now and December 31, 2011. When users register with FlyerTalk and share their travel experiences and tips with the Top Flyer community by way of microblog-style posts, photos, news, and videos, they can earn points every time one of their fellow community members ‘likes’ their post or comments. Each month, the 10 participating members with the most points receive 10,000 Membership Rewards bonus points (or a $50 American Express Gift Card) – and Top Flyer bragging rights.

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Dwolla Improves on its Proximity-Based mPayments

Dwolla cash exchange payment platform through online, mobile or social mediums is reintroducing its “Dwolla Spots,” now available on Apple’s App Store. Allowing users complete a retail transaction with their cell phone via their physical location, the revolutionary application will focus on proximity-based interactions and feature an easy-to-scroll Spots map that will allow users to choose a location, engage in a transaction, and complete a mobile payments purchase. Latest improvements to “Dwolla Spots” provide users access to their linked social networks’ contacts, providing users an intuitive and easy way to send and receive money with anyone in their Facebook or Twitter communities. On the merchant end, registered businesses can select their Spot’s avatars to differentiate their location from others.

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