PCI Gaming Opening New Casino-Resort

PCI Gaming unveiled a major awareness campaign targeting Atlanta to support the opening of this new resort. The multi-channel effort includes unique and innovative interactive promotions and marketing elements aimed at building awareness in the Atlanta market for what will become the city’s closest casino. The focus of this campaign is to support awareness for the December 17 opening of Wind Creek Wetumpka, PCI Gaming’s newest and largest property. The $250 million casino-hotel is a two-hour drive from downtown Atlanta, just outside Montgomery, Alabama, and is the city’s closest casino. Wind Creek Wetumpka offers 2,520 gaming machines on an 85,000 square-foot casino floor. That’s about the size of two football fields. It is surrounded by 5 restaurants including a luxury steakhouse, Fire, whose sister restaurant at the Wind Creek Atmore earned AAA’s coveted four-diamond award, the only restaurant in Alabama with that distinction.

Details

DFC Global Corp. Announces Acquisition of Pawn Lending and Gold Buying Stores

DFC Global international diversified financial services company serving primarily unbanked and under-banked consumers for over 30 years, announced the acquisition of Monte Caja Oro, a chain of 27 stores primarily located in the Andalusian and Catalonian regions of Spain, which brings the Company’s total store count in the country to 58 locations. The acquired stores primarily offer pawn lending on gold jewelry, as well as gold buying services. The total purchase price of the transaction at closing was approximately $6.0 million in addition to payment for the value of the pawn pledge inventory. The acquisition is expected to be immediately accretive to earnings.

Details

Ingenico Moves .5 million POS Terminals

Ingenico has reached a new milestone with half a million terminals shipped in Indonesia. With the acquisition and successful integration of PT Integra Pratama in 2012, one of the leading players in the fast growing market of Indonesia, Ingenico has further expanded its footprint across South East Asia. Ingenico has grown to be the leading terminal supplier in Indonesia and confirmed its position with the four major acquirers, in line with Ingenico’s growth strategy.

Details

Alelo taps Multos EMV tech

ALELO has issued the latest EMV™ technology to support meal voucher programs in Brazil. The advanced ALELO card program utilises an EMV approved application implemented on MULTOS technology from Multos International. Multos International is working with the local Brazil card manufacturers to provide the products and support for personalization and issuance. ALELO has already begun card issuance, enabling payment services and meal benefits to their program customers.

Details

US PCE Index

The U.S. Personal Consumption Expenditures Index has fallen to 2.8% in the third quarter of 2013 from 5.1% in the third quarter of 2006. Consumers are still sitting on their wallets and not sure sure what retailers are up to, as aggressive holiday sales are very early and very sluggish. January may be the bright spot for retailers, but “Baby Boomers” are watching closely and will close in during the first quarter.

Details

Retail Holiday Spending

First Data Corporation released its First Data SpendTrend® analysis for Thanksgiving/Black Friday 2013 compared to Thanksgiving/Black Friday 2012. SpendTrend tracks same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations. Black Friday lost some of its luster as retailers opened their doors earlier this year in order to vie for a piece of the holiday spending pie, especially with this year’s shorter-than-usual window between Thanksgiving and Christmas. Year-over-year retail dollar volume growth during Thanksgiving and Black Friday was strong at 9.0%, and a significant increase compared to last year’s growth of 5.6%. Most of the 9.0% retail spending growth was driven by shopping on Thanksgiving as opposed to Black Friday; with 3.4% growth on Black Friday.

Details

PayAnywhere Now Accepts PayPal Payments

PayAnywhere announced they have teamed with Discover Financial Services, a direct banking and payment services company with one of the most recognized brands in U.S. financial services, to offer PayAnywhere merchants the ability to accept PayPal at the point of sale. This means that PayAnywhere merchants will be able to accept PayPal and will be able to tap into PayPal’s rapidly growing customer base that has swelled to more than 55 million active customers in the U.S., more and more of whom are using the PayPal payment card.

Details

SLUGGISH DOWN UNDER

Australia, the world’s second wealthiest economy, is cracking a bit. The labor market is deteriorating in Australia and consumer spending is softening. Despite cutting the benchmark interest rate to 2.5% Australia’s real gross domestic product (GDP) growth will likely run at 2.4% and stay stuck in the mud for the foreseeable future. According to Reuters, except for just one quarter of negative growth, Australia actually grew by 1.4% in 2009. Last year, growth amounted to 3.3%, whereas unemployment was 5.2%. RAM Research predicts the Consumer Price Index (CPI) will fall to 1.2% for the fourth quarter.

Details

ATM Innovation Showcase

The Integrated Payments Alliance (IPA) is pleased to announce the association will hold the ATM Innovation Showcase and ATM X-Games on February 11, 2014 as part the U.S. ATMIA Conference and Expo. The IPA ATM Innovation Showcase, a full day educational event designed for ATM and payment leaders interested in learning more about cutting-edge payment technology, will kick off at 9:00 a.m. at the Lowes Royal Pacific Resort at Universal Studios in Orlando, FL.

Details

NEW GIFT CARD DATA CENTER

Stored Value Solutions has further strengthened its position in China with the launch of a new data center in Shanghai. The data center complies with local regulations, which stipulate that any new card issued in China must be processed within the country. SVS already has a busy regional office operating out of Shanghai. Vice President of Business Development for the Asia Pacific region, Shoney Yuan, explains that the investment in this data center is part of the SVS long-term strategic vision for the region.

Details

Suncoast Schools FCU Change

The board of directors and senior management of Suncoast Schools Federal Credit Union, the largest credit union in the state of Florida, chose to pursue the state charter conversion vote to enable the credit union to serve all residents of 17 counties located near or along the west coast of Florida. This change will allow Suncoast to enhance its presence in and commitment to their communities that it currently serves. VR Election Services facilitated the vote to ensure integrity in the process.

Details