Payment Alliance International Partners with Ventura County Credit Union to Brand ATMs at Select Rite Aid Stores

Payment Alliance International (PAI) retail ATM solutions and Ventura County Credit Union (VCCU) signed an agreement to brand 23 ATMs at California Rite Aid stores. PAI will own and operate the ATMs reflecting VCCU’s branding, giving Ventura County Credit Union members surcharge-free access to cash at these Rite Aid locations beginning late April 2014. PAI operates one of the largest ATM networks in the United States, with ATMs at more than 60,000 retail locations across the country. As part of the network, PAI provides ATM services for approximately 1,500 Rite Aid locations nationwide.

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TSYS Q1 FORECAST

GA-based TSYS, which provides services to more than half of the top 20 international banks, will likely post total revenues for the first quarter between $461 million and $539 million. During the first quarter TSYS inked deals with Commerce Bank, Virgin Money, Vietnam Eximbank, and Navy FCU. The Company also enhanced its Credit Care product and plans to release Authorization Controls, a new product. Additionally, TSYS raised its stake in CPay.

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USA Technologies Announces Record Connections for Fiscal 3Q/14

USA Technologies achieved a record approximately 22,000 new connections to its “one-stop” ePort Connect® service for approximately 20,000 net connections in its fiscal 3Q/14. As of March 31, total connections to USAT’s ePort Connect service totaled approximately 244,000. This is double that of the third quarter of last fiscal year. The Company will continue working with existing customers and the many vending operators who are now recognizing that cashless is a competitive necessity in today’s environment.

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Wave Crest Group Selected by Advanced Cash

Wave Crest Group Limited, a multi-currency digital payments platform that offers full-service, global solutions, has been selected by Advanced Cash to provide customers with a new payout option: a prepaid MasterCard program.
Around the world, customers use the Advanced Cash payment services platform to perform a multitude of financial transaction types. Freelancers, business owners, and affiliate program managers can pay partners, and receive payments, all through a single account.

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NCR Announces Latest Telecom & Technology Client

NCR Corporation and CradlePoint cloud-managed 3G/4G networking solutions for distributed enterprises signed an agreement that provides CradlePoint customers with expanded field service and support globally. NCR, through its Telecom & Technology line of business, will provide on-site installation, hardware maintenance and remote monitoring services that support CradlePoint’s cloud managed networking solutions.CradlePoint’s existing and new enterprise customers with geographically dispersed locations will significantly benefit from access to the more than 13,000 NCR badged service professionals and managed service centers globally.

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MasterCard Launches Priceless Campaign In Russia

MasterCard announced the launch of Doing Good in One Touch Is Priceless campaign. As a result, at least 30 million rubles (about $1MM USD) will be donated by MasterCard to Stand Up To Cancer (SU2C). The funds will support Russian and international oncological research aimed at developing new methods of cancer treatment. Everyone will be able to contribute to the campaign simply by making everyday purchases with innovative contactless MasterCard PayPass® technology at points of sale throughout the country.

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FIS Expands Consumer Lending Offering through Acquisition of CMSI

FIS announced the acquisition of CMSI consumer loan origination software and services for undisclosed transaction terms. CMSI is a leading provider of consumer loan origination and portfolio management software to a broad spectrum of financial institutions within the U.S. and Canada ranging from community-based institutions to large, international lenders.

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Qatar Islamic Bank Deploys NCR Security Technology

Qatar Islamic Bank and NCR Corporation inked a strategic agreement for the implementation of significant technology projects in 2014. QIB will purchase the innovative NCR Skimming Protection Solution (SPS) in an effort to proactively address today’s ATM skimming challenges and deliver maximum protection and convenience to its customers. As part of this project, QIB will enhance the strength of its IT infrastructure with the use of security firewalls, network access control, data center switches upgrade and the technology refresh of its entire telephony system. QIB will be among the first large financial institutions to move their self-service network to the Windows 7 platform.

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Paydiant Finalist for Innovative Mobile Solutions

Paydiant, Inc. today announced that its white-label, mobile wallet solution for merchants and banks has been selected as a finalist in the Most Innovative Mobile Solution category for the MITX What’s Next Awards. Paydiant’s patented, white-label, cloud-based transaction processing platform enables merchants and banks to quickly integrate mobile payments, offers, loyalty, and ATM cash access into their own branded mobile app.

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Credit Card APRs Up Slightly From March Figure

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average credit card APRs are up .1% from the March figure to 15.02% after averaging a meager .04% change over the past year. This throws a kink in the downward momentum seen through the beginning of the year. This also follows a relatively lengthy period of APR stagnation throughout the holiday…

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