Online Resources Gets BSP Patent

Online Resources Corporation has been awarded a
new patent for a broad range of biller service provider (BSP) bill
payment transactions by the United States Patent and Trademark Office.
The new patent covers BSP bill payment transactions including payments
using credit cards, debit cards and PINless debit via live agent, IVR
and web-based payment systems. The patent, “Method and System for Remote Delivery of Retail Banking
Services,” is a continuation application of Online Resources’ original
U.S. Patent, No. 5,220,501, which covered online banking and bill
payment services and expired in December 2009. This original patent
granted Online Resources exclusive rights to process various real-time
electronic Automatic Teller Machine (ATM) network-based debit
transactions for consumers using home terminals to purchase goods or
services, pay bills and/or do home banking.
Online Resources’ eCom Advantage Suite is a comprehensive set of
electronic billing solutions for presentment, payment and receivables.
Clients are billers in many industries such as credit card, auto
finance, mortgage, insurance, healthcare, telecommunications and
utilities, including 13 of the top 20 U.S. card issuers.

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NEOVIA

NEOVIA Financial alternative payments has made available a significant upgrade to its Merchant Services business that forms part of its NEOVIA Payment Network, which allow merchants to directly accept and settle card payments through NEOVIA’s “NETBANX” service. In doing so, the merchants do not incur the complexity nor the the cost of managing an additional bank direct acquiring relationship. The “NETBANX” solution also provides MasterCard and VISA acquiring and processing without the need for managing a direct bank relationship or Merchant Account; a fault tolerant processing platform with second physical data-centre location with optional disaster recovery; CNP service, including Web, IVR and call centre/MOTO; PCI DSS Level 1 compliance; and payment support for global processing of American Express, PayPal, NETELLER, Ukash, and direct-from-bank payments such as iDEAL, Giropay, and Direct Debit.

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PayPal Available on AliExpress E-Commerce Platform

Small business e-commerce provider Alibaba.com Limited now is offering PayPal on the
“AliExpress” platform. With this agreement, AliExpress merchants can now avail their customers
with PayPal as a fast and secure payment option. Businesses will now be
able to easily source goods through AliExpress using PayPal in their
preferred local currency. PayPal is one of the leading online payment
platforms in the world with more than 84 million active accounts and
more than 8 million merchants in 190 markets and 24 currencies around
the world. AliExpress allows customers to
tailor orders to the needs of their small businesses, offering
smaller-quantity orders, instant online transactions, and an escrow
service to protect buyers and sellers. The alliance will provide customers around the world with the
convenience and protections that PayPal has built over its 12-year
history, in addition to the escrow service offered on the AliExpress site.

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FiCentive Intros Print-on-Demand for its MasterCard Programs

FiCentive prepaid card solutions now offers a Print-on-Demand for its corporate clients to allow for more flexible options to produce fully customized MasterCard cards. Custom cards can be delivered within days with no inventory costs or minimum commitments. The cards can be fulfilled instantly from a stock of cards that the corporate client maintains, or the corporation can forward personalized card orders for production via FiCentive’s Card Management Portal. FiCentive’s MasterCard Corporate Incentive Card offers can be used as either an employee incentive or as a consumer promotion, and provides ways for corporations to provide an easy-to-administer alternative to traditional incentive programs. Byseparating rewards dollars from a purchase discount, the FiCentive Customer Reward card intends to add a greater sense of customer appreciation.

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DIEBOLD & CITIBANK

Diebold Incorporated announced its multiyear ATM outsourcing and deployment agreement with ZAO Citibank, under which Diebold will provide ATM outsourcing services for a portion of Citibank Russia’s ATM network. These services include 24×7 monitoring, help desk, cash forecasting, counting and transport, software distribution and field maintenance services. Citibank’s ATM network in Russia will be expanded with the Diebold “Opteva 522” and full-function Opteva 328 models. All ATMs will be connected to a single monitoring center that controls the network’s operations and will monitor each device in real-time. Repair and modernization, software updates, and replenishment of ATMs with disposable materials and cash will be fulfilled by Diebold’s technical support divisions in Russia.

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ScanSource Posts Net Income up 30.2% Q/Q

ScanSource POS, communications, and electronic security products has posted its performance for the quarter ended March 31, 2010, showing net sales of $496 million and net income of $12.0 million. For the quarter, net sales increased 27.3% to $496 million compared to $390 million for the quarter ended March 31, 2009. Net income increased 30.2% to $12.0 million for the quarter ended March 31, 2010 versus $9.2 million for the quarter ended March 31, 2009. Diluted earnings per share increased 28.6% to $0.45 in the current quarter compared to $0.35 in the prior year quarter. ScanSource expects net revenues for the June 2010 quarter could range from $530 million to $550 million.

SCANSOURCE NET INCOME
1Q/10$9.2 million
2Q/10$12.5 million
3Q/10$10.9 million
4Q/10$11.8 million
1Q/10$12.0 million
SOURCE: Carddata.com

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Zong Raises $15 Million in Funding from Matrix Partners

Zong mobile payment service, used primarily by online gaming and social networking websites, has completed a $15 million round of funding led by Matrix Partners. Formerly a division of Echovox, Zong is now a standalone company and will use the investment to further market leadership by accelerating the growth of its merchant network in US and international markets and through funding the rapid expansion of its mobile carrier network. Zong is the mobile payment provider for Facebook Credits, a new virtual currency platform being deployed across the Facebook network of over 400 million monthly active users.

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Western Union Appoints New President & CEO

Hikmet Ersek has been named Western Union President and CEO and will sit on the Board of Directors. Prior to joining First Data Corporation, the former parent company of Western Union, in May 2002, Gold was president and CEO of telecommunications and e-commerce services provider Excel Communications. She also had a distinguished career with Avon where she served as president, Avon North America, and was credited with a significant turnaround of the U.S. business. Ersek joined Western Union in 1999. Before then he held executive positions at GE Capital and Europay/Mastercard. He holds a degree in Economics and Business administration from the University of Economics in Vienna.

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Velocita Wireless Boosts Support for Mobitex POS Terminals

M2M wireless data network provider Velocita Wireless steps up support for
Mobitex-enabled wireless Point of Sale (POS) terminals with free software
upgrade. Additionally, Velocita will offer credit card transactions on the
Lipman Nurit 8000 that are
data-in-motion compliant with PCI and DSP guidelines to be enforced in
July 2010. The RIM 950 and 957 terminals Velocita supplies are already
software compliant. Customers who are using the Lipman Nurit 8000 terminals on the Mobitex
network can upgrade their software for PCI compliance by contacting
Velocita Wireless for assistance in a seamless transition to
a certified solution.

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Fiserv Personal Payments Set to Launch

Fiserv Research has shown 70% of consumers are interested in personal payment service, 75% would prefer a service offered by their financial institution, and 83% say it’s important for money to be deposited directly into a recipient’s bank account. In response, Fiserv’s new service, built into the “CheckFree RXP” online bill payment service used by more than 3,100 financial institutions and 16 million consumers, now allows financial institutions to allow consumers to quickly move funds amongst their existing accounts. More than 40 institutions, including two of the top 10 credit unions in the U.S., have already committed to offering the service at launch. The personal payments service from Fiserv allows users to send or receive money person-to-person (P2P) using their existing online banking relationship and is scheduled to be available in the summer of 2010.

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Merchant Warehouse Integrates Posera’s Maitre’D POS Software

Merchant account processor Merchant Warehouse has integrated the “MerchantWARE 3.0” with Posera’s “Maitre’D” restaurant POS software.
Maitre’D encompasses payment and security solutions that provide restaurant managers with the tools that they need to streamline their operations and facilitate the payment process all in one flexible business system. The integration of MerchantWARE with Maitre’D enables merchants to take control of their payment processing needs by providing them with the option to select Merchant Warehouse through the use of an Electronic Funds Transfer (EFT) module. Additionally, MerchantWARE is compatible with the most recent release from Maitre’D as well as all previous versions. MerchantWARE is a PA-DSS validated secure payment processing solution that ensures developers and merchants can meet PCI compliance requirements and complete secure data transactions. MerchantWARE uses tokenization and SSL for all transactions as well as end-to-end encryption. Merchants can often achieve and maintain PCI compliance more quickly and at less of an expense using a MerchantWARE solution. Posera’s customer list includes Dunkin’ Donuts, KFC, Pizza Hut. The integration of MerchantWARE is available for all Maitre’D products in their solution areas, such as Table Service, Quick Service and Bar and Pub Service.

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MoneyGram International Appoints New EMEAAP Head

Nigel Lee has been named executive VP of MoneyGram International’s EMEAAP region, overseeing Europe, Middle East, Africa and Asia Pacific. In his new role, Lee will concentrate on growing MoneyGram’s business across the region, which currently includes nearly 130,000 agent locations, spans 147 countries, and accounts for 30% of MoneyGram’s total revenue. Lee was previously president of First Data Asia Pacific since 2005, where he created a profitable Asia Pacific business. Previously, Lee served as regional VP, financial services for EDS in Hong Kong, held a variety of senior executive positions for Australian Home Loans and began his career as a management consultant with Accenture. He holds a master’s degree in Chemical Engineering from Imperial College in London, an MBA in Marketing and Finance from Manchester Business School and is a Chartered Member of the Institute of Marketing in the UK.

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