South African Development Community Deploys Payment System

The SADC Integrated Regional Electronic Settlement System (SIRESS) was successfully implemented in a live environment for South Africa, Namibia, Lesotho and Swaziland. First stage of SADC Payment System project is in production; South Africa, Namibia, Lesotho and Swaziland are live on SIRESS; and benefit to our community of existing investment SWIFT. The first funding instructions between South Africa’s Real Time Gross Settlement System, SAMOS, and SIRESS were processed at 08:12 while the first customer payment was settled at 11:01 and by close of day twelve payments to the value of R 215,814,276.95 had been settled.

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Adyen mPOS Embarks on New Market

Adyen announced that Shuttle, its innovative payment solution enabling businesses to accept payments on-the-go from Android or iOS mobile devices at the point-of-sale (mPOS), is now available in 17 European countries following recent launches in Switzerland, Norway and Denmark. Shuttle became the first fully EMV (Europay, MasterCard, Visa) compliant mPOS device available in Europe last year, delivering payment acceptance via smartphones or tablets through a Bluetooth connection. The recent additions of Switzerland, Norway and Denmark, means that Adyen can now offer its mPOS solution in 17 European countries. Shuttle is also available in Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, The Netherlands, Portugal, Spain, Sweden and United Kingdom.

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SingTel and Visa Announce NFC Partnership

SingTel and Visa have announced a strategic alliance that will enable consumers in Singapore and Australia to pay for goods and services using their smartphones at all Visa payWave acceptance points worldwide. Visa is working with SingTel to link Visa prepaid accounts to mCash, SingTel’s mobile money solution. Planned for launch in early 2014, the service allows mCash customers to wave and pay with their NFC-enabled smartphones for daily necessities such as coffee, fast food, groceries and movie tickets at Visa payWave acceptance points. There are currently more than 12,000 Visa payWave acceptance points in Singapore and over 100,000 across Australia.

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NCR 2Q/13 Revenue Up 9% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] NCR reported 2Q/13 revenue of $1.54 billion, up 9% from the year ago figure, and income from continuing operations of $86 million, compared to the year ago figure of $89 million. An identification of those special items, and the impact of pension and those special items on income from continuing operations…

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Lootsie Launches In-Game Rewards Program

Lootsie, a new rewards program for mobile, social and casual games that benefits gamers, game developers and advertisers alike, launched today for iOS and Android platforms at Casual Connect USA. Lootsie is an unintrusive rewards layer that doesn’t disrupt or compete with the gaming experience. The platform rewards players for reaching in-game achievements, making purchases and engagement activity, providing them with points they can redeem for real-world goods such as gift cards, prizes, special offers and more. Lootsie comes to market several developers, including Babaroga, One Spear Entertainment, First Post Studios, Sabertooth Interactive, Matty Rich Games and Social Gaming Network (SGN) When users play Lootsie-enabled games, they receive a notification bar – similar to a text message – as they reach achievements the developer has set, alerting them to a Lootsie Point value they’ve earned for that achievement and what rewards they may be able to redeem. Gamers can redeem Lootsie Points at their convenience in the game, via the Lootsie app (coming soon), or online at www.lootsie.com.

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PULSE to Deploy Paydiant mPayment

PULSE debit/ATM network and Paydiant cloud-based mobile wallet and offer redemption platform, are working together to provide an easy-to-use mobile commerce solution for PULSE participants. The Paydiant solution will enable PULSE financial institution and merchant partners to quickly deploy contactless payment and cash access functionality to better serve their mobile-minded customers. Paydiant’s mobile wallet platform is software-based and works with both new and existing smartphones – including iPhone® and Android™ devices already in the hands of millions of consumers. It also works with existing point-of-sale (POS) terminals used by participating merchants today without requiring new hardware.

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ACI Worldwide Achieves 2013 SWIFT Certified App Accreditation

SWIFT has awarded the 2013 SWIFT Certified Application Payments label to ACI Money Transfer System™ for the sixteenth consecutive year. The SWIFT accreditation for payments recognizes that Money Transfer System supports SWIFT’s highest requirements for the processing of payments. ACI has also integrated the updated SWIFTRef directories within Money Transfer System – showing ACI’s commitment to providing customers a smooth transition to the new directories. In addition, ACI Global Trade Manager™ achieved the 2013 SWIFT Certified Application Supply Chain Finance for the sixth year in a row. The label is granted to trade finance applications supporting SWIFT Trade Services Utility (TSU) messages and workflows.

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Citi ThankYou Offers Cardmembers a New Lineup of Experiences

Citi unveiled a series of music, sports, dining, comedy, theater and family experiences exclusively for Citi ThankYou cardmembers. As part of the new entertainment benefits of Citi ThankYou, Citi designed this special events lineup based on the interests of ThankYou cardmembers. Ranging from youth sports clinics to intimate culinary events, comedy shows and VIP concert access, these experiences are another example of how Citi is delivering more access to entertainment. Tickets to each special event can only be purchased with a Citi ThankYou card. The Citi ThankYou Preferred card now offers twice as many ThankYou Points for each dollar spent on both dining out and entertainment at no annual fee. ThankYou Points can be redeemed for a wide variety of rewards on thankyou.com like electronics and digital music downloads, and concert tickets on LiveNation.com. In addition, the Citi Private Pass entertainment access program offers Citi credit and Citibank debit card customers access to thousands of events including preferred seating, early access, VIP experiences, complimentary tickets and more.

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Citi ThankYou Card Now Offers Double Points

Citi’s ThankYou Preferred card now rewards cardmembers for doing what they love by offering two points per dollar spent on dining out and entertainment at no annual fee. New and existing ThankYou Preferred cardmembers earn two ThankYou® Points per dollar on dining at restaurants and entertainment purchases from takeout to fine dining, music downloads to movie rentals, as well as tickets to sports and entertainment events. ThankYou Preferred cardmembers will continue to earn one point per dollar on other purchases. Citi announced a lineup of special events exclusively for Citi ThankYou cardmembers that will begin in August and take place in select U.S. major cities.

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Barclaycard Launches Instant Credit Service

The Barclays Partner Finance arm of Barclaycard launched ‘bFlex’, a flexible online finance product allowing consumers to take out instant finance for internet purchases. Whilst consumers have long been able to take out credit at the point of sale when shopping on the high street, they have been more restricted when shopping online. With traditional credit often tied into pre-packaged solutions or terms set by the retailer, bFlex is controlled by the consumer, with instant access at the online point of sale. bFlex can be fully integrated into a retailer’s existing online ordering system and will allow customers to select a finance option designed around their needs and use it to instantly pay for their goods.

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MasterCard Posts 2Q/13 Revenue Up 15% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard announced a 2Q/13 net income of $848 million, up 19% from the year-ago period, while net revenue was $2.1 billion, a 15% increase versus the same period in 2012, both on an as-reported basis and adjusted for currency. Net revenue growth was driven by a 13% increase in gross dollar…

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Fiserv Announces Forum Keynote Speakers

Fiserv announced that General Colin L. Powell (Ret.) will deliver a keynote address at Forum 2013, the annual fall conference for Fiserv credit union clients. Other highlighted guest speakers include Dan Mica, former U.S. congressman and past president and CEO of the Credit Union National Association (CUNA), and Marcus Buckingham, author of seven best-selling books on strengths in the workplace. Forum will be held Sep. 9 – 12 at The Venetian and The Palazzo in Las Vegas. Forum 2013 is focused on helping credit unions deliver financial experiences that deepen member relationships and drive growth. In addition to the general session speakers who will provide new perspectives on leadership, innovation and management, Forum 2013 will feature sessions across five content tracks: Digital and Mobile Revolution; Payments Transformation; Member-Driven Experience; Risk and Compliance Impact; and Efficiency, Performance and Analytics.

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