OKI DATA

OKI Data Americas, which markets its products under the OKI Printing Solutions brand, will be attending Graphics of the Americas Exposition and Conference in Miami, FL., showcasing the newly launched proColor Series. The innovative line of products is ideal for color-critical applications in graphic arts and production environments. In addition, OKI Data Americas announced that the company is forming an alliance with #1 Network. The OKI proColor Series is comprised of toner-based LED products: the “pro910” and “pro930” cut-sheet printers, pro900DP digital envelope press and “pro510DW” digital web press. All of the products are designed to provide the graphic arts and production market with impeccable color accuracy and versatile media capabilities.

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Bottomline To Process Travel Commissions Using PayMode

Payment solution provider Bottomline Technologies will acquire
the travel commission payments service of Bank of America.
Bottomline will serve these travel clients through the “PayMode” electronic network for payment and invoice automation.
Bank of America will continue to provide
commission service to clients until their transition to PayMode. Clients
will receive the same levels of customer service and functionality
they’re accustomed to, as well as gaining robust remittance reporting,
enhanced delivery capabilities, and the ability to pay other suppliers
within PayMode’s network of more than 90,000 members.
The BofA clients will upgrade to PayMode, the world’s
fastest-growing business-to-business payment network, later this year.
This acquisition builds on the strategic work Bank of America and
Bottomline have forged to leverage the strengths and technologies of
each.

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VISA

International visitors spent US21.8 million on Friday, Saturday and Sunday using their Visa cards at the Vancouver 2010 Olympic Winter Games for a 118% increase over the year ago period.
Americans spent US$12 million, followed by China, the UK, Russia, and South Korea, accounting for more than 72% of all international Visa card spend. The following Monday, visitors to British Columbia spent US$5.8 million on their Visa credit, debit and prepaid cards for a 128% over last year. Additional Visa research shows for the first 11 days of the Games, international Visa cardholder spending in British Columbia was US$72 million for an increase of 84% over the same period last year; international visitors have made more than 700,000 transactions since the day of the Opening Day Ceremony on Visa cards in British Columbia for an increase of 71% when comparing the period this year against the same period last year; and ccommodation, travel, entertainment and retail sales accounted for more than 95% of the Visa transactions.

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CardlessPay.com Rolls Out mWallet for E-Payments

Mobile payment solution provider CardlessPay.com will enable iPhone and
Android users to make PayPal payments.
“mWallet” can house a credit card, a checking account and a PayPal
account securely on the iPhone and Android
Phones. mWallet also has the ability to carry any type of proof of payment
receipts, tickets, coupons, loyalty cards etc. “CloseBys Local Network
Coupons”
can be added to mWallet, making it possible for consumers to discover
coupons and other promotions on the
computer. Tickets issued from
the “Wallet Ticketing” app can be sent and
added to mWallet as well. “Wallet Ticketing” can be used to send tickets and
also check in customers for small events and gatherings.

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Texas Gulf Bank Launches TGB Mobile

Texas Gulf Bank has launched TGB Mobile, a comprehensive business and
consumer mobile banking solution. Through its free mobile banking service, Texas Gulf
Bank customers will now be able to securely access real-time banking
information through their cell phone, smartphone, PDA, or other mobile
device. TGB Mobile is a customized version of the bank’s online banking feature
optimized for any web-enabled mobile phone that supports WAP browsers,
regardless of make, model, or mobile service carrier. TGB Mobile banking
allows all business and consumer customers to carry out transactional
activities such as check account balances, fund transfers, bill
payments, check credit card statements, review up to 15 days of account
activity, locate Texas Gulf Bank ATM and banking centers, and receive
account alerts via SMS text message via their mobile device.

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Green Ecco Adds GreenMaxProject to Merchant Network

Vencor subsidiary GreenEcco has added the card processor GreenMaxProject profile to its
network in the merchant services category. GreenMaxProject enables
companies and organizations to donate 10% of profit to eco-friendly
projects of the merchant’s choice. GreenEcco and GreenMaxProject have entered into a referral agreement
that gives GreenEcco a 50% referral fee and commission on all
transactions set up by the GreenEcco network. The GreenMaxProject
mission is to build partnerships through merchant accounts in order to
contribute proceeds to eco-friendly programs that open exciting
synergies and opportunities for GreenEcco and its over 150 profiled
company subscribers.

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International Visa Cardholders Spend 21.8mm in 3 Days

International visitors spent US21.8 million on Friday, Saturday and Sunday using their Visa cards at the Vancouver 2010 Olympic Winter Games for a 118% increase over the year ago period.
Americans spent US$12 million, followed by China, the UK, Russia, and South Korea, accounting for more than 72% of all international Visa card spend. The following Monday, visitors to British Columbia spent US$5.8 million on their Visa credit, debit and prepaid cards for a 128% over last year. Additional Visa research shows for the first 11 days of the Games, international Visa cardholder spending in British Columbia was US$72 million for an increase of 84% over the same period last year; international visitors have made more than 700,000 transactions since the day of the Opening Day Ceremony on Visa cards in British Columbia for an increase of 71% when comparing the period this year against the same period last year; and ccommodation, travel, entertainment and retail sales accounted for more than 95% of the Visa transactions.

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Tempo Ranks as Finalist in CODiE Awards

Tempo has been selected as a finalist for the 2010 Software & Information Industry Association (SIIA) CODiE Awards in the “Best Open Source Solution” category. Awarded annually by the SIIA, the principal trade association for the software and digital content industries, the CODiEs represent excellence in the software and digital content industries. Tempo’s affinity debit platform was built entirely using open source software and enables consumers to design and apply for affinity debit cards online. It was designed to make it easy for organizations to offer affinity debit cards and provides a web portal for consumers to apply for and activate cards, as well as track purchases and rewards.

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Acacia’s Financial Reaches Settlement with Old Comp

Acacia Research’s Financial Systems Innovation subsidiary has entered into a
settlement agreement covering a patent that applies to credit card fraud
protection technology with Old Comp Inc. The expired patent asserted in this litigation generally relates to a
computerized system for protecting merchants and consumers engaged in
credit card, check card, and debit transactions. The system includes an
electronic card reader, and the generation and use of a transaction
number, which specifically indentifies each transaction processed within
the system. This resolves a dispute that
was pending before the United States District Court for the Northern
District of Georgia concerning Old Comp Inc. Acacia
Research’s subsidiaries control over 140 patent portfolios, covering
technologies used in a wide variety of industries.

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Flaws Seen in Financial Service Alerts

Financial alerts have the potential to enable convenient, safe and
profit-generating interaction between financial institutions and their
customers, but changes must first be made. Seven flaws that slow the
adoption of alerts, according to a new report from Javelin Strategy &
Research, have numerous hurdles to overcome. The report, “Financial Alerts
in 2010: Addressing Seven Critical Flaws is Essential to Building Alerts
That Attract, Enrich and Keep More Customer Relationships,” demonstrates
the alerts are difficult to set-up and tailor due to delays in alert-notification
delivery; a lack of actionable response capabilities; an absence of
integration with other financial institution services; a lack of alerts
that address the most significant fraud risks to consumers and small
businesses and inadequate education and marketing for alert availability
and usage. In response, Javelin suggests defaulting customers
into alerts; recommending alert starter bundles to new and existing
customers, enabling customers to set or tailor alerts on the fly and
experimenting with predictive analytics.

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Discover Picks Winners of Student Card Design Contest

Discover card has announced the winners of the company’s first social media Discover Student card
design contest. The online contest provided two ways
for Discover fans to participate in the card design creative process.
Users created and shared original artwork through the Discover
Facebook page. The highly interactive application enabled Discover fans
and visitors to easily draw their designs on a widget with a Discover
card graphic overlay that resembled a real credit card.
Discover fans and visitors voted on their favorite designs. The
social media contest received approximately 6,700 card design entries
and over 200,000 votes. Grand prize winner, Rainna Langley, was awarded $1,000
for her cassette tape-themed artwork. Lauren Snyder received $500 for
her space-themed card design, and third place recipient, John Bell, was
awarded $250 for his dollar bill card design. The grand prize winning design
will be featured on the next Discover Student card, which is slated to debut in April.

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PAX Appoints New US CEO

Michael Mulcahy has been appointed President and CEO of PAX’ US operations. Mulcahy will oversee directing and driving business activities in the US for China-based PAX, one of the fastest growing point-of-sale (POS) solution providers in China. Michael previously served as VP, Business Development for PAX, which he joined from ExaDigm, a provider of mobile payment terminal solutions. With ExaDigm, he served for 7 years as President and COO then as CEO. His resume also includes experience in positions with Panasonic’s POS Systems Division, NBS in Canada, California Retail Data Systems and Pacific Data Systems. PAX electronic payment terminal products and the dominant supplier in China. The company opened its first U.S. headquarters in Atlanta, GA in September 2008.

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