Microfinance Intl Launches Migrant Remittance

A Japanese banker based in Washington has introduced his mobile phone-based financial service to immigrants in the United States without bank accounts. Allowing users to send money to their home countries, Atsumasa Tochisako, who operates Washington-based lender Microfinance International, began the service in cooperation with major Japanese telecom carrier KDDI in the hopes of eventually targeting Hispanic immigrants in Japan.

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Cheyenne FCU Deploys 5th/3rd Processing

First Cheyenne Federal Credit Union has signed a contract for electronic fund transfer services with Fifth Third Processing Solutions. This covers ATM and debit card transaction processing, fraud monitoring, debit card portfolio marketing services and ATM terminal driving. Fifth Third Processing Solutions’ product suite also includes ATM terminal driving and monitoring, ATM and debit card transaction authorization and processing, credit issuing and processing services, national and regional gateway services, comprehensive ancillary services including fraud detection, card production, rewards programs and other consultative services. NAFCU Services Corporation is a wholly owned subsidiary of the National Association of Federal Credit Unions (NAFCU) and has partnered to offer value-added products and services at a discount to credit unions since 1975.

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Citi Agency and Trust Appoints APAC Regional Head

The Citi Agency and Trust business of the Global Transaction Services division has appointed Adrian Nye Regional Head in the Asia Pacific region. Bringing with him over 17 years’ experience in the securities industry- 13 of which in Asia and the last 10 with Citi- Nye will focus on broadening Citi’s range of corporate trust services available to regional issuers and intermediaries active in the capital markets, M&A, project finance and securitisation sectors. His experience stretches back to the Industrial Bank of Japan in London where he helped establish their Corporate Trust business. He subsequently held similar positions at Bankers Trust Company, focusing on both Corporate Trust and the Depositary Receipts business. He joined Citi in 2001 and moved to Singapore to grow their corporate trust presence in Asia.

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Certain Software Passes PCI Level 1 Compliance

Certain Software event management solutions has been awarded PCI Service Provider Level 1 Compliance for the fourth consecutive year through an on-site audit by the PCI approved Quality Security Assessor Coalfire. Certain Software is a provider of event management solutions for the global meetings and events industry. Certain’s innovative solutions deliver streamlined processes, reduced expenses, greater return on investments, and improved overall value of meetings and events to meeting and event professionals. Certain has operations and sales offices in North America, Europe and the Pacific Rim.

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moneysupermarket.com Launches sQuid Cashless Payment

moneysupermarket.com price comparison website has made available sQuid electronic contactless smart cards for their staff. Issued to all moneysupermarket.com staff so they can pay for food and drink at their new in house staff restaurant, the sQuid “eMoney” platform lets users top up their card and pay with sQuid by simply holding it against a contactless reader.

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Online Holiday Sales Up Across All Sectors

For December, 2010, MasterCard Advisors’ SpendingPulse indicates growth in December sales was robust across many retail categories. December 2010 saw year-over-year Total Apparel sales up for a third consecutive monthly increase. At 10.9% this was the year’s most vigorous monthly year-over-year growth rate, and the highest posting since March 2007. In 2010, Total Apparel has enjoyed 9 out of 12 months of year-over-year gains. The Electronics and Appliances sector posted a year-over-year increase of 1.2% in December, following two consecutive months of year-over-year declines. The Consumer Electronics sub-category was up 1.5% year-over-year for December, though overall dollar spending levels suffered due to some decline in pricing power on the larger ticket items such as TVs while the Appliance sub-category declined by 1.3%. Continuing to gain share at a steady rate, the eCommerce channel grew 17.6% year over year in December. This was the highest year-over-year increase since December 2007. Much of the growth was driven by the online Total Apparel sub-category, which grew 28.2% year over year, and even stronger showings in online sales of Family and Children’s clothing, and Footwear. Online sales of Electronics were up a solid 14%, while online Jewelry was up 5.9%.December is a key month for sales in the Jewelry sector, and this month, Jewelry sales posted a double digit growth rate year over year, increasing 10.4%.

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Central Bank of Oman Launches ACI Switch

The national ATM / POS switch at the Central Bank of Oman (CBO) has implemented the ACI Worldwide “BASE24-eps” payments engine. With this, “BASE24-eps” is expected to handle monthly volumes of approximately 5 million ATM and POS transactions, and it can handle transactions from EMV and non-EMV cards. The project will give Oman the ability to link directly with all the GCC Net switches, of the Gulf Cooperation Council countries, instead of a single link through the member country switches. This means ATM transactions can be routed directly between GCC countries without going out to the wider card networks.

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MACH Drives Operational Efficiencies For Swisscom

Swisscom is set to implement MACH’s Wholesale Roaming Solution. Combining MACH’s data clearing, financial clearing and settlement services, the “Wholesale Roaming Solution” will optimise Swisscom cash flow, reduce revenue leakage and accelerated financial clearing and settlement for its roaming business. It frees Swisscom from the need to maintain in-house technology and resources to oversee data and funds that flow between its partners’ networks every year. The MACH platform provides an integrated solution with one view for roaming wholesale, retail and financial data, enabling it to fully control, analyse and optimise its business at the group as well as subscriber level. The “Wholesale Roaming Solution” also combines rating and tariff management, billing interoperability and transaction management as well as advanced reporting and business intelligence.

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New Mexico Educators FCU Implements Bluepoint Processing

New Mexico Educators FCU has selected Bluepoint´s “ImagePoint” products for in-house item capture and processing. New Mexico Educators FCU joins a growing number of institutions that will move item processing from a third-party outsourcer to an in-house environment. The credit union processes 18,000 items daily, including inclearings and returns, which Bluepoint provided no-cost transfer of its “ImagePoint Branch” and “QwikDeposit Home” software licenses so that both will now be supported directly by Bluepoint. The ImagePoint platform, including all points of capture, provides an enterprise-wide, paperless solution that automates the processing, archival and research of check images.

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Canon U.S.A. Unveils High-Volume Check Transport

Canon U.S.A. digital imaging has unveiled its “imageFORMULA CR-135i” High-Volume Check Transport. Providing image quality in a convenient design, ideal for any high-volume check processing environment, the “CR-135i” allows financial institutions, utilities and other organizations improve the efficiency of payment processes and treasury management by processing more checks with greater accuracy in a shorter period of time. It can image 135 checks per minute can handle up to 20,000 items per day, and performs real-time dynamic four-line endorsement.

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