Fiserv Appoints New Global Head of Investment Strategy

Singapore Exchange (SGX) post-trade executive, Terry Gibson, has been appointed global head of strategy for Investment Services with Fiserv financial services technology. In his new role, Gibson will lead the international business strategy and product development of the Fiserv institutional and managed account technology portfolio. A 20 year industry veteran, Gibson was most recently senior VP and head of Product Management at SGX, where he drove the growth of the exchange’s post-trade business and built its reputation as one of Asia-Pacific’s most innovative clearing and settlement venues. He led the development of several post-trade infrastructure projects, including the SGX Prime pre-settlement matching service powered by the Fiserv “TradeFlow” solution. Gibson’s extensive securities background also includes multiple director-level roles at the Depository Trust & Clearing Corporation (DTCC), where he grew the credit and equity derivative STP product business and led the global expansion of the Deriv/SERV platform.

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Mocapay Platform Goes Full Cycle

Mobile experience platform provider Mocapay has announced a strategic
partnership with CO-based Full Cycle high-end bicycle retailer. Full
Cycle will work with Mocapay to complement its marketing program by
mobile-enabling its existing gift card program. Mocapay’s embedded
marketing engine will be used to deliver targeted mobile offers to
customers. Mobile campaigns can be directed to all customers throughout
Colorado or targeted to specific store locations. Full Cycle mobile account holders will be able
to conduct mobile transactions at the POS, access their
account balance and transaction history, and reload their Full Cycle
account, all from their mobile phone. Using the customized
Mocapay Dashboard, Full Cycle can monitor the effectiveness of
individual campaigns in real time. Mocapay’s SaaS technology also enables Full
Cycle to integrate secure mobile payments into its POS. Mocapay mobile
payment secures mobile transactions
through multifactor authentication to ensure security measures are not degraded
in the mobile form factor.

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DebitFacts.org Launches Debit Card Video Contest

DebitFacts.org online educational resource focused exclusively on debit, kicks off the “Are You Debit Smart?” video contest, inviting US consumers from now until July 4 to share success stories related to using a debit card as a preferred form of payment. Contestants could win up to $5,000 on a prepaid Discover Card and a money-management session with a financial counselor. Designed to promote the many benefits of using debit, the contest encourages consumers to highlight why they use their debit card, what they buy with debit, when they use it and much more. Entries will be judged by a panel of experts from the financial and creative fields, for which a second-place prize of $2,500 and third-place prize of $1,000 will be awarded via prepaid Discover Cards. Each of the top three prize winners will also receive personal consultation time with Judy Lawrence, financial counselor and coach, author of “The Budget Kit” and founder of www.moneytracker.com. Additional details can be found at http://www.debitfacts.org/are-you-debit-smart/.

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M&A Activity On the Rise In Merchant Acquiring Sector

Acquisitions are heating up in the merchant-acquiring business,
according to management consulting firm The Strawhecker Group’s research
and their recent client engagements.The Strawhecker Group (TSG) says to
look at the payments industry. Buyers are seeking acquisitions or joint
ventures with properties ranging in value from $1 million to $75
million. The target acquisitions include enterprise, static merchant
portfolios, and portfolios with sales engines or additional payments
technology capabilities. Buyers are primarily interested in portfolios
on TSYS, First Data, and Global, as well as portfolios focused on
strategic verticals. TSG regularly releases data to help buyers, sellers
and capital investors get accurate and reliable valuations. In April,
TSG completed a review of 72 transactions that took place from 2000 to
2010 in the merchant acquiring space, which included analysis of
enterprise and merchant portfolio net revenue multiples. The firm has
prepared nearly 40 valuation assessments since June 2006, with
individual values ranging up to $150 million. In aggregate, these
analyses represent more than $1.7 billion in value.

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Givex Gift Card Programs Certified with POSqx

Closed loop gift card provider Givex announced that its gift card
programs have been certified with POSqx by CA-based SumGuys. POSqx
was specifically developed for the Restaurant and Food Service industry.
Unlike other POS systems, POSqx is a cloud-based POS solution,
delivering services and applications to a terminal as needed. Businesses
gain access to comprehensive infrastructure for processing while
avoiding large capital expenditures. The Givex integration enables POSqx
users to start selling and redeeming gift cards, gaining access to a
powerful new revenue stream and technology for customer acquisition.
Givex provides a broad range of profit enhancing processes that
seamlessly integrate gift cards, loyalty engines, e-couponing and
targeted email campaigns. This innovation is also backed up by years of
experience and the relentless pursuit of excellence that defines our
technology and client support. Sum Guys Inc. is an innovations company
in the Point-Of-Sale (POS) and payment processing solutions industry for
retail and hospitality.

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MPAYMENT

Gemalto, Credit Mutuel-CIC and NRJ Mobile have joined forces to offer contactless mobile payment services as part of the “Nice, mobile contactless city ” project. This initiative is the first commercial launch of contactless mobile services in Europe. With the support of the French government, it is being developed in conjunction with mobile operators, banks, transport operators and the retail sector. It will allow people in Nice to use their NFC-enabled mobile phones in total security to pay at restaurants, supermarkets and local stores, as well as in the city’s transport networks. Information services will also be available at the museums and university campus. This project follows on from the “Payez Mobile” pilot programs successfully rolled out in Strasbourg and Caen, with a new commercial dimension. In Nice, users take out an NFC mobile pack at their operator’s points of sale, and activate the NFC payment service at their bank branch office. For Credit Mutuel-CIC customers, access to this service is even simpler, since they will be able to find the Credit Mutuel Mobile or CIC Mobile* offerings in their Credit Mutuel or CIC branch office and will therefore activate the NFC functionality all at the same time.

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Zealous Launches e-Retailer Outlet

Zealous Interactive announced that The
Collectible Exchange will become a fully-operating business
that after more than a year of testing the online store concept.
The store will be run by Randy Kepper who has led the testing for the project.
Nevada-based Zealous conducts its existing business
through its wholly owned subsidiaries; Zealous Interactive, Inc., Health
and Wellness Partners, Inc., and Zealous Capital Group, Inc.

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CITI PRIVILEGES

Citibank Credit Cards and Cobrand Cards customers can now exclusively enjoy the hottest offers in over 30 restaurants at SOHO in Central. At a glance, the “the hottest year-round privileges” include up to 50% off
dining privileges,buy-three-get-one-free mega lunch buffet,complimentary glass of wine
and complimentary tapas entree. Citi has approximately 200 million customer accounts and does business in more than 140 countries.

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RewardsNOW Gets $7.5m Boost from Edison Venture Fund

NH-based customer loyalty provider RewardsNOW has finalized a $7.5 million investment from Edison Venture
Fund, further positioning the financial services
provider for client growth and expansion of the services it offers.
RewardsNOW provides customer loyalty programs to more than 300 financial
institutions. RewardsNOW is a provider of marketing services for the financial
industry. The company’s turnkey loyalty solutions include configurable
web-based loyalty platform, marketing communications, analytics/ROI
reporting, rewards catalog/fulfillment, merchant network management,
design and program management/consultation and customer support. These
products and services generate incremental profits from increased member
acquisition, increased product usage, and lower customer attrition
rates.

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GEMALTO & ORANGE

Gemalto will continue the long-term partnership with Orange France as part of the “Nice, mobile contactless city” commercial project. Orange has selected Gemalto as partner for its Nice, mobile contactless city”
Near Field Communication (NFC) solution. The project is the first commercial launch of contactless mobile services in Europe. With the support of the French government, it is being developed in conjunction with mobile operators, banks, transport operators and the retail sector. It allows citizens and visitors in Nice to use their NFC-enabled mobile phones to pay at restaurants, supermarkets and local stores, as well as riding the city’s buses and tramways, all in total convenience and digital security.
The “Nice, mobile contactless city” solution is designed to interface with Trusted Service Partner platforms in an open environment. It complies with the latest EPC (European Payment Council)-GSMA standards and will enable the secure, over-the-air activation of their applications in UICC cards. Gemalto’s partnership with Orange and other parties delivers in the Nice project the best-in class trusted service technology, that will help boost the uptake of mobile contactless services.

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Radiant Systems Rolls Out NewPOS Security Tools

Atlanta-based Radiant Systems is
offering a new suite of payment security products, known as “Radiant
Payment Guard”, that currently includes “Payment Guard MSR”, “Token
Replacement” and “CPGateway”. Payment Guard MSR is an
encrypted magnetic stripe reader that is installed within Radiant
POS hardware terminals, which are deployed within both
the restaurant and retail industries. Payment Guard MSR enables data
security protection on a physical level with encryption of sensitive
consumer data built into Radiant’s hardware products. “Token Replacement” is a
payment security feature of the Aloha point of sale that has been in use
by restaurant operators since early 2009. With Token Replacement, a token
is allocated to cardholder data at the RBS
WorldPay and Radiant Payment Services host to prevent personal
information from being stored. Radiant’s CPGateway service is part of the Radiant Payment
Guard product set and works with Radiant’s specialty retail product
CounterPoint. CPGateway
encrypts cardholder data from the store to the hosting center, rather
than decrypting data at the store-level.

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