MasterCard Worldwide is the inaugural and exclusive platinum sponsor of Money Matters National Education Day, part of the American Payroll Associationâs (APA) National Payroll Week (Sept. 6-10, 2010). Held on Sept. 9, the MasterCard Money Matters National Education Day is devoted to helping youth entering the workforce understand their paychecks and the payroll withholding system, during which MasterCard will be helping to educate the APAâs program participants about prepaid payroll cards. In doing so, APA member payroll professionals will visit local high schools and youth groups to hold payroll classes around the country, for which it has teamed with the National Council on Economic Education to create a special lesson plan that teaches students the elements of a paycheck, the amount of taxes they can expect to have withheld, and how those taxes are calculated. MasterCard will also sponsor four scholarships for junior and senior high school students for continued education, including one Scholarship Grand Prize of $5,000 and three Scholarships of $1,000.Details
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.Details
YES BANK has entered into a strategic partnership with Cordys, a leading supplier of software for business process innovation to automate, manage and improve key business processes. The “Cordys Business Operations Platform” with its “Business Process
Management Suite” (BPMS) functionality will provide several key
features to YES BANK including: business focused BPMS for process automation leading to greater
visibility and control to make real time decisions. This will result in
significant customer service improvements and better exception management; process-driven and SOA-based integration of multiple systems and
people across the value chain, supporting any type of workflow; e.g.,
enabling faster payments processing with minimum or no manual intervention;
continuous process improvement with Business Activity Monitoring —
leading to better operational responsiveness and faster innovation with Composite Application Framework to build new
applications or enhancing existing applications in a quick, efficient
and cost-effective way — solutions that enhance business-IT alignment.
Tokyo Electron Device Limited has announced the release of the inrevium TB-6V-LX240T, LX365T, LX550T, and SX475T-PCIEXP series evaluation platforms fitted with Virtex-6 FPGAs from Xilinx.
The inrevium TB-6V- LX240T, LX365T, LX550T, and SX475T-PCIEXP make ideal evaluation platforms for the development of high-performance graphics engines for next-generation televisions and multi-function printers, or for the high-speed arithmetic processing found in high-performance computing applications. TED developed these new domain platforms in accordance with the Targeted Design Platform concept promoted by Xilinx and are fitted with the industry-standard FPGA mezzanine card connector that provides flexible support for a range of different external interfaces implemented on FMC daughter cards available from TED today in addition to providing a future-proof upgrade path as new interfaces are developed. Thus preserving the initial investment in the base board purchase. Using the platforms in conjunction with the supplied reference designs facilitates a significant reduction in the development workload required of complex FPGA designs hosting high-performance PCI Express applications, application software and similar tasks, resulting in customer end products being brought to market more quickly.
Charles B. Mathews been appointed Interim CEO of HIMC Corporation. Having served on the Companyâs board since January 2009, Charles brings with him extensive senior financial and business management experience with both private and public companies, most recently as a managing member of an accounting and business consulting firm. From March 2004 to November 2007, Mr. Mathews was Executive Vice President and Chief Financial Officer of Quepasa Corporation, a publicly traded leading Hispanic internet portal. Mr. Mathews has extensive experience in helping companies with turn-around situations and corporate restructuring. HIMC provides secure electronic check processing, refund and rebate check fulfillment services, NSF check re-presentment, credit card processing and ACH transfers.Details
has signed a mobile notification agreement with Hallmark Insights, a
business-to-business (B2B) subsidiary of Hallmark Cards. Under the
agreement, TW will be providing mobile messaging services for Hallmark
Insights. Currently, Hallmark Insights utilizes email for various account
notifications such as awards earned, redeemed and shipped. TWâs
technology will extend these notifications to clientsâ mobile devices,
creating a more targeted real time offering for Hallmark Insightsâ
corporate clients with an immediate call to action. Hallmark Insights
provides meaningful, memorable and
measurable incentive solutions for health and wellness, employee
recognition, sales incentive and consumer marketing programs.
MI-based Team One Credit Union has implemented Dynamic Card Solutions (DCS) “CardWizard” instant issue software and hardware. With this, the credit union can now instantly issue unembossed Visa debit and credit cards at the branch level. Offering instant issuance and PIN selection solutions for banks, credit unions and retailers that issue magnetic stripe, EMV and contactless cards, the DCS software and “FCP 20/20” unembossed card printer provides a gallery of stock images that cardholders can select for their card background. After members select an image on the credit unionâs “Picture My Card” program, DCS’ CardWizard software transfers all personalization data fully encrypted to the FCP 20/20 printer which quickly and securely prints in high-definition color onto both sides of white blank card stock the personalized unembossed card for immediate use.Details
Western Union has signed agreements to offer Western Union Money Transfer services with Bank of Jilin,Bank of Harbin, Fujian Haixia Bank and Zhejiang Chouzhou Commercial Bank.
Bank of Jilin, with its headquarters located in Changchun city, is a leading commercial bank in Jilin province, China. It is the former Changchun City Commercial Bank, established in 1997, and changed its name in 2007 to Bank of Jilin. Its services cover the entire province with the ability of cross-province operation. With 356 locations across Jilin province and 1 location in Dalian, Liaoning province, it offers a wide range of services to local customers. Harbin Bank is located in Harbin at Heilongjiang province and is an innovative national commercial bank in China and has eight branches, including Tianjin Branch, Dalian Branch, Chengdu Branch, Shuangyashan Branch, Jixi Branch, Hegang Branch, Suihua Branch, Shenyang Branch, 3 rural banks, 13 first-tier branches, 4 second-tier branches, 5 institutions and 140 locations. Fujian Haixia Bank, formerly Fuzhou Commercial Bank, is a joint stock bank with branch presence in Zhangzhou, Longyan, Ningde, 35 locations and 1 institution. The Bank is planning to set up their branch presence in Quanzhou, Wenzhou. Fujian Province is one of the provinces with diaspora and migrants going to U.S. and Japan. The personal remittances between domestic and overseas countries are very frequent in Fujian. Zhejiang Chou Zhou City Commercial Bank is a regional commercial bank based in Yiwu, Zhejiang province, China with 25 locations, including Hangzhou, Nanjing, Fuzhou, Wenzhou, Jinhua and Lishui.
Global Cash Access Holdings has signed a five
year renewal contract with Wynn Las Vegas.
GCAâs renewal with Wynn Las Vegas includes GCAâs full suite of cash
access services, including ATM, credit card cash advance and
POS debit transactions, GCAâs back-of-house QuikCash Plus
(QCP) system, and the services of Central Credit. GCAâs cash access
transactions will continue to be
enabled through ticket-redemption kiosks. Wynn Las Vegas will also
continue to use GCAâs QuikMarketing service, which provides casino
managers with simple, cost-effective and highly-targeted marketing
materials and mailing lists from GCAâs database of over 14 million
multi-casino gaming patrons, so that the right prospects always receive
the right promotional materials.
npower has launched a new reward offer for Barclaycard Freedom
to boost their accounts by up to GBP160 of “Reward Money” in a year.
The reward, the first in the scheme to be paid regardless of the amount
the customer spends on their card, is recorded in GBPs not points, and can
be spent by customers immediately with tens of thousands of
participating retailers across the UK. Barclaycard Freedom, which launches in March, offers the concept of a
rewards programme to many small and medium retailers for the first time.
In addition to encompassing household names, including npower, over
30,000 retail outlets have been invited to be part of the scheme at
launch. On average there will be 200 retailers within a five mile radius
of where a Barclaycard cardholder lives and many more retailers are
expected to join in the coming month. Celebrating the partnership, npower is doubling its sign-up incentive to
GBP60 of Reward Money for Barclaycard Freedom customers transferring
their gas and electricity to npower before May 17th 2010. Along with the
GBP100 annual loyalty payment for both new and existing npower customers
paying by monthly direct debit for both fuels, Barclaycard Freedom
holders could earn enough in a year to buy a meal out for the entire
family, special treat for someone or have a shopping spree online,
simply by choosing npower as their gas and electricity supplier.
The Western Unionâs Gift and Greeting Card service was selected as a winner in the
“Best Network Branded Gift Program” and The Western Union MoneyWise Visa
Prepaid Card was awarded âOutstanding New Entrantâ in the Best General
Purpose Reloadable Card Program category at the PayBefore Awards.
Western Unionâs prepaid services provide consumers convenience and
ease-of-use in managing their day-to-day personal finances.
“The Western Union MoneyWise Visa” combines both rewards and a Visa reloadable Prepaid Card
Consumers save time and can earn valuable rewards sending qualifying
Western Union Money Transfer and Quick Collect transactions
Western Union Gold Card members do not need to fill out money-transfer
forms when sending qualifying money transfers.
Gold Card member information is easily retrieved expediting transactions
Members earn rewards with qualifying transfers
The Western Union Gold Card also serves as a calling card, allowing the
user to recharge phone time.
E-commerce provider First Data will integrate bill payment processing services
from payment processor TIO Networks
with First Data’s Money Network electronic payroll distribution service.
First Data’s Money Network electronic payroll distribution service
enables employers to reduce payroll costs while providing a secure,
flexible spending card solution to their underbanked employees, which
cardholders can use to make purchases at millions of debit acceptance
locations. Money Network cardholders
will be able to pay bills online, by phone, and in some cases at
self-service kiosks, thereby reducing the time and cost of paying bills.