VSoft Enters Second Decade of Credit Union Service

VSoft Corporation process improvement solutions for financial institutions has entered its second decade of providing payment solutions to credit unions. Its solutions enhance credit union efficiency throughout branch networks, remote deposit channels, and central operations. Over the past 10 years, VSoft has partnered with both credit unions and credit union processors. These long-term partnerships have resulted in VSoft solutions serving more than 1,500 credit unions and their members nationwide.

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Groupe Aeroplan Bets on Premier Loyalty & Marketing

Groupe Aeroplan has completed the second tranche of its minority investment in Mexico-based Premier Loyalty & Marketing’s “Club Premier” coalition loyalty program. The investment of US $11.8 million follows the signature of the co-branded credit card agreement between PLM, Aeromexico and Grupo Financiero Banamex. With this, Groupe Aeroplan will now account for its investment in PLM under the equity method.

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TIO Bill Pay App Makes Top 50 List of Free Apps

TIO Networks bill payment processor through its bill payment platform has processed over $1million dollars of bill payments since taking its first transaction on December 18, 2010. TIO’s first mobile bill payment “app” is in the top 2% of Apple’s “best selling” free finance apps,(approximately 3100) on the apple app store. It was recently ranked as one of the top 50 “best selling” free finance apps. Also, as of last week, the mobile platform had processed well over 5000 transactions, indexed over 5000 different bills and enrolled approximately 10,000 members who have initiated the application approximately 50,000 times.

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Transat Adds Second Card Processor For Credit Card Transactions

Transat has signed a new agreement with a second credit card processor. Valid until February 28, 2015, the contract is in accordance with the agreement entered into with its principal credit card processor whereby Transat can transfer up to 20% of its annual Canadian credit card transactions to another credit card processor. The Company is required to maintain a minimum unrestricted cash and cash equivalents position at the end of each quarter as well as an obligation to maintain financial leverage ratio comparable to its bank agreement. A failure by Transat to comply with these covenants could result in a variety of adverse consequences, including an obligation by Transat to provide this new credit card processor with a letter of credit according to a predetermined formula based on the quarterly dollar volume of credit card transactions done by this new credit card processor.

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Misys Completes Sophis Acquisition

Misys UK application software has acquired Sophis. With this, the combined businesses will service 19 of the top 20 capital market organisations and 13 of the top 20 global asset managers. Accordingly, Misys can now give give capital market clients unparalleled flexibility and scope and depth and breadth across not only size of financial institutions but also asset classes.

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Paymetric & b2b2dot0 Forge Referral Partnership

Paymetric integrated and secure payment acceptance solutions has entered into a referral partnership with b2b2dot0 SAP eCommerce solutions to promote each other’s solutions to their respective SAP All-in-one customers. Paymetric will provide industry leading enterprise payment processing and secure tokenization solutions for b2b2dot0’s roster of clients in the manufacturing and wholesale distribution industries. The partnership will provide new sales opportunities for Paymetric and will provide b2b2dot0 with an enhanced service offering and additional revenue. In addition, Paymetric’s rapidly growing client list will also benefit from this partnership by being given access to b2b2dot0’s On-Demand B2B eCommerce solutions. b2b2dot0’s eCommerce solution extends client’s SAP solution and real-time data to the online ordering process, giving customers that place orders on the Web accurate and personalized information about pricing and product availability.

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Bluepoint Partners to Expand RDC & Item Capture

Mid-Atlantic Corporate Federal Credit Union and Bluepoint Solutions have partnered to assist credit unions with lower check volumes adopt Check 21-enabled branch capture. Bluepoint Solutions RDC and Item Capture solutions will offer its “ImagePoint” Branch capture platform for a monthly fee without significant set-up costs. Once scanned, check images will be electronically transported to Mid-Atlantic Corporate’s data center for additional processing and clearing. Mid-Atlantic Corporate and Bluepoint have also initiated a conversion program to help credit unions of any size replace first-generation, legacy branch capture and check processing solutions with Bluepoint’s modern ImagePoi nt Branch platform.

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iStream Financial Implements ID Insight Fraud Detection

iStream Financial Services has partnered with ID Insight to offer identity fraud detection on its platform. With this, iStream will implement the “CompleteID” solution from ID Insight as an accurate method of verifying customer identities. The “CompleteID” solution offers remote deposit capture, ACH processing, direct deposit payment transactions, remittance and credit card processing, remotely created checks, integrations to pre-paid card processors and a risk monitoring solution. ID Insight, the innovator in Access-Point Intelligence, combines its massive collection of data on people and access points with cutting-edge analytics and a patented method of helping companies research new markets, prevent fraud, reduce costs and capture more business.

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Tyfone Launches NFC Contactless for iPhone

Tyfone mobile financial services solutions has deployed its iPhone sleeve powered by Dexim, which also designed and produced it. It uses Tyfone’s “SideTap” MicroSD technology to allow existing iPhone users to make mobile contactless payments directly from their phones for a true electronic wallet. Also providing protection for the iPhone, the sleeve has a slot to house the Tyfone SideTap MicroSD card, the world’s first secure memory card integrated with contactless payments technology. A simple tap against a contactless point-of-sale terminal completes the transaction. Tyfone’s technology leaves the memory card functionality completely intact, allowing people to increase the available storage of their iPhones for saving any kind of digital information.

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DynamicOps Secures Venture Funding, Expands Executive Team

DynamicOps private cloud automation software has closed $11 million in venture funding led by Sierra Ventures. Next World Capital participated, joining Credit Suisse’s Next II venture group in ownership. The company also added industry veterans Les Yetton and Paul Silver to its executive team, and Mark Fernandes to its board of directors. With the help of its expanded executive team, DynamicOps will use the capital from its B round to fund global sales, marketing and development of its private cloud automation solutions. As Chief Marketing Officer, Les Yetton is responsible for facilitating DynamicOps growth and market leadership, directing product management, product marketing and marketing communications and brings with him over 25 years’ experience leading and building companies in emerging, high-growth markets. Paul Silver brings more than 25 years of experience in expanding high-tech businesses to international markets to the newly created role of VP of Sales, Europe at DynamicOps. Mark Fernandes joins DynamicOps’ board of directors and is focused on software investments, and has served on the boards of companies including Sourcefire, Opalis Software and Frontbridge Technologies and Net6.

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Netbiscuits Addresses Growing mPayments Market

Netbiscuits cloud software service for cross-platform development publishing and monetized mobile sites and apps on its “Mobile Web Metrics Report”. Offering up-to-date information on the HTML5 capabilities of top devices in the USA, the UK, Germany, Malaysia and Australia. In addition, the report contains data on the market share of relevant smartphone operating systems on a global, regional and per-market basis and sheds some light on the ratio between dominating versus Long Tail devices on all levels. The information is based on metrics generated from over 4.5 billion mobile pages requests processed by Netbiscuits’ mobile publishing platform every month.

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