Cole Taylor Bank Selects FIS To Provide Banking and Payment

Chicago-based Cole Taylor Bank has elected to replace its current core
processing solution with FIS’ Integrated Banking Services (IBS).Cole
Taylor Bank will deploy IBS, a client-centric core banking platform with
a broad offering of financial services solutions, throughout its banking
centers to meet the evolving business objectives of their organization.
As part of its extensive agreement, Cole Taylor Bank has selected an
extensive suite of additional solutions that include: bill payment,
electronic banking, customer relationship management, risk, fraud and
compliance, and commercial treasury. These solutions are fully
integrated with FIS’ IBS core banking platform, providing Cole Taylor
Bank with an end-to-end solution that will support improved customer
service. IBS is a highly flexible and open core processing solution to
accommodate financial institutions that need to easily integrate diverse
technology with minimal risk and disruption to their business operations
and to their customers. It is industry recognized for its robust
functionality, scalability and strong integration capabilities and is
the leading outsourced retail and commercial banking solution among
mid-tier U.S. banks. Cole Taylor Bank is one of Chicago’s largest
independent commercial banks with $4.4 billion in assets.

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Z8

mopay mobile payment solutions and G4BOX interactive entertainment have partnered to offer an mpayment option for consumers looking to purchase ‘Z8 Points’ for G4BOX’s Z8Games platform (www.z8games.com). Z8Games online destination for gamers to play the very best online games, including online military shooter, Cross Fire and dynamic-action massively multiplayer online role-playing game (MMORPG), Metin2, as well as access engaging community features and events. Z8 Points enable users of Z8Games’ line of online games to purchase in-game content and digital goods. mopay will enable Z8Games’ players in 36 countries to purchase Z8 points by entering their mobile phone number and have the charges billed directly to their phone accounts.

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Euronet Posts $250mm 1Q/10 Revenue, Up $17m Y/Y

Euronet Worldwide posted first quarter revenues of $250.0 million, compared to $233.7 million for 1Q/09, while operating income hit $18.2 million, compared to $9.7 million for the first quarter 2009. Adjusted operating income was $18.2 million, compared to $15.2 million for the first quarter 2009; adjusted EBITDA was $34.6 million, compared to $29.7 million for the first quarter 2009; and net income was $2.8 million, or $0.05 diluted earnings per share, compared to net loss of $12.3 million, or $0.24 diluted loss per share, for the first quarter 2009. For Euronet’s EFT Processing Segment alone, revenues hit $48.6 million, compared to $46.2 million for the first quarter 2009; operating income was $9.7 million, compared to $12.0 million for the first quarter 2009; adjusted operating income was $9.7 million, compared to $7.6 million for the first quarter 2009; adjusted EBITDA was $14.6 million, compared to $11.8 million for the first quarter 2009; and transactions hit 187.4 million, compared to 153.3 million for the first quarter 2009. For complete details on Euronet’s fourth quarter results visit CardData (www.carddata.com).

QUARTERLY REVENUE
QTR REV($mil)
1Q/09 $233.7
2Q/09 $248.6
3Q/09 $264.8
4Q/09 $285.6
1Q/10 $250.0
SOURCE: Cardata.com

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Mocapay Appoints New Head of National Sales

Marilyn Benson has been appointed Mocapay SVP, national sales to lead the Mocapay sales teams with mobile-enabled marketing, gift, loyalty, and coupon solutions to national merchants. Bringing with her over 25 years’ payment and loyalty industry experience, Benson was an executive VP at Citicorp Diners Club where she successfully tripled the acceptance network to 1.7 million merchants. During that period, she led her team to deliver travel partners participation in the Club Rewards loyalty program, resulting in winning the Freddie Award for “Best Card Program” for nine consecutive years. Prior to that, she held senior management sales and marketing positions at American Express. Benson currently sits on the Board of Trustees for the National Restaurant Educational Foundation.

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NUBRIDGES

Retailer Debenhams has selected “nuBridges Protect” to secure customer credit card numbers and comply with the Payment Card Industry Data Security Standard (PCI DSS), without expanding its IT infrastructure. Debenhams is leveraging nuBridges’ award-winning nuBridges Protect data security solution to handle the encryption and tokenisation of credit card information collected at its 159 stores located throughout the UK and Ireland, as well as its online store. nuBridges Format Preserving Tokenisation(TM) data security solution enabled Debenhams to implement tokenisation across its heterogeneous IT infrastructure throughout its retail, order management and data warehouse systems, without costly programming modifications to applications and databases or requiring additional computing resources to hold encrypted cardholder information.
Tokenised credit card numbers expose only the first four digits of the card numbers, which limits the incidences where the full card number appears to authorised employees, solving a key data security issue. Because nuBridges tokens retain the size of the original credit card number, applications and business processes run without modification while adding an extra layer of security to cardholder information.

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FTSI Demos NCR SelfServ Features

CA-based ATM provider FTSI showcased the advantages of the NCR SelfServ family of
ATMs, Payment Card Industry (PCI) compliance, teller cash recyclers,
eCommerce and Solidcore ATM security solution during CONNECT 2010.
Highlights from the event included an examination of NCR’s new SelfServ ATM platform, led by Ted
Biedryck, Director NCR Financial Solutions Business Unit, West Coast,
who is responsible for sales and account management efforts for NCR’s
complete product line; Brett Campbell, NCR Manager Americas Marketing& Solutions
Delivery, exploring PCI standards that govern all North American
merchants and organizations; NCR’s APTRA software security Solidcore (which has yet to be
compromised), presented by Dennis Bellucci, Professional Services
Partner, NCR and live demonstrations of an NCR intelligent deposit
ATM, teller cash recycler and sessions pertaining to NCR’s Netkey Solution

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CITIGROUP GTS

Citigroup’s Global Transaction Services business has appointed Jay Hershman as the GTS Europe, Middle East and Africa (EMEA) Client Sales Management Prepaid Sales Head. In this newly created role, Hershman will lead the GTS EMEA Prepaid Sales Team to drive sales origination, cross-sell and customer revenue growth with a focus on providing the strategic direction and successfully transfer best practices to the EMEA region from other regions. Jay has been with Citi for six years, most recently as Team Lead for North American Reseller Solutions. In this time, he established and developed a prepaid reseller network that helped position Citi Prepaid as the preeminent prepaid provider in North America.

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Bling Nation Completes SAS 70 Type II Audit

Bling Nation mobile payments POS solutions completed its SAS 70 Type II audit and its receipt of the related audit report. Bling Nation obtained the report from Ernst & Young following that firm’s completion of an independent assessment of the controls over the company’s business processes. Statement on Auditing Standards No. 70 (SAS 70) is a widely recognized auditing standard developed by the American Institute of Certified Public Accountants, against which service providers report control activities and processes to customers and their auditors. Bling Nation selected Ernst & Young due to the firm’s global leadership and expertise in the industry. As part of the audit process, Ernst & Young closely examined and tested the operational environment and the company’s internal controls.

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MOBILE MARKETING

A new report is forcasting that mobile marketing and retail sector, comprising mobile advertising, coupons and smart posters, will exceed $8 billion by 2012 globally. The report, “The Mobile Marketing and Retail Strategies”, issued by Juniper found that retailers were already starting to exploit the mobile channel through advertising campaigns on the handset and by issuing money-off coupons. The market for these two activities alone is forecast grow by half in the next two years. At CTIA Wireless 2010, more than 20% of the attendees were said to come from the retail space, showing that retailers were beginning to latch on to the potential of the mobile channel. Juniper believes that smart posters (which users can tap to obtain product information) will remain a niche sector within the overall market until NFC (Near Field Communications) capable devices are more widely used while the mobile advertising and mobile coupons markets will reach similar sizes. However, the report cautions failure to use targeted, location based advertising, particularly SMS advertising, may cause mobile users to regard such advertising as little better than spam. The report recommends that brands and retailers should consider geotagging their products and locations.

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Lead02 Launches Website to Guide POS Purchases

Marketing solution provider LeadO2 has launched “TopPointofSaleSystems.com”
to help businesses purchase POS systems. TopPointofSaleSystems.com will feature an array of exclusive content,
including an in-depth Buyer’s Guide, informative articles and a
directory of companies that provide POS software, hardware and services.
Visitors to the site will also be able to connect directly with point of
sale system suppliers through a quote request process.
“TopPointofSaleSystems.com” was designed to bring together both buyers and
suppliers of point of sale systems as part of the LeadO2 solution. POS
suppliers can utilize LeadO2’s services to expand their web presence and
receive targeted, exclusive sales leads from buyers interested in a new
POS system. LeadO2 clients not only receive premium placement within
“TopPointofSaleSystems.com” to promote their offerings, but also benefit
from high-converting, custom designed product sites, inclusion within
regular email campaigns and most importantly, managed, ongoing paid
search campaigns to drive additional leads.

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TARJETA PRIVADA

Moody’s Latin America has assigned a rating of Aaa.ar (Argentine National Scale) and of Ba3 (Global
Scale, Local Currency) to the Debt Securities (VDF) of Fideicomiso
Financiero Tarjeta Privada XVIII issued by Banco de Valores – acting
solely in its capacity as Issuer and Trustee and also assigned ratings of Ca.ar (Argentine National Scale) and Ca
(Global Scale, Local Currency) to the subordinated Certificates. Banco de Valores S.A. (Issuer and Trustee) issued one class of
peso-denominated, floating-rate bonds (VDF) and a residual piece (CP),
all of them backed by a pool of credit card receivables originated and
serviced by Banco Privado de Inversiones (BPI). BPI is the seller of the receivables and the primary servicer of the
transaction. The bank was founded in 1993 to provide financial services
to the middle-high and high income segment of the market. In 1996, BPI
began issuing MasterCard and Visa credit cards to its customers.
The VDF original balance is equal to 80% of the original pool balance.
At closing, the VDF were backed by credit card outstanding balance
generated by eligible accounts. The ownership of those accounts remains
with the originator but the receivables assigned to the trust. The
transaction has five reserve funds: an expenses fund, a liquidity reserve
fund, a backup servicer replacement fund, and sinking funds for the
interest and principal. The VDF will bear a floating interest rate (BADLAR + 300bps) with a
minimum rate of 13% and a maximum rate of 22%. If an early amortization
event occurs, the revolving period will terminate automatically. Moody’s considered the credit enhancement provided in this transaction
through the initial subordination levels (20% for VDF), as well as the
historical performance of BPI’s portfolio. In addition, Moody’s
considered factors common to consumer loans securitizations such as
delinquencies, payments rate and losses; as well as specific factors
related to the Argentine market, such as the probability of an increase
in losses if there are changes in the macroeconomic scenario in Argentina.

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Wells Fargo Completes CA Wachovia Merger

Wells Fargo and Wachovia combined banking operations in California this past weekend as part of their historic merger. Wells Fargo now has 1,043 banking stores in California, the largest retail bank network in the state and more than 3,200 ATMs, offering 4.5 million customers more convenience and providing continued support to local communities. Over the weekend, 100 Wachovia banking stores and 18 Wells Fargo stores were consolidated into nearby banking stores statewide. California follows Arizona, Nevada, Illinois, and Colorado whose Wachovia and Wells Fargo stores have already combined. The Wachovia brand will become Wells Fargo in other states throughout 2010 and 2011 as part of the largest merger in banking history. On Dec. 31, 2008, Wachovia Corporation became a part of Wells Fargo & Company. At that time, there were six states where both Wells Fargo and Wachovia had retail banking operations: Colorado, Arizona, Nevada, Illinois, Texas and California. Colorado was the first state to transition in November 2009. Banking stores in Arizona, Nevada and Illinois combined operations last month. The transition in Texas is planned for July, and the Wachovia retail banking transition to Wells Fargo in the east and southeast will start later in 2010 and continue through 2011.

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