Barclays Launches Exchange Traded Note

Barclays Bank launched Barclays ETN+ Select MLP Exchange Traded Note (“ETN”) on the NYSE Arca stock exchange under the ticker symbol ATMP. The ETN is designed to provide investors with exposure to a basket of midstream US master limited partnerships (“MLPs”), limited liability companies (“LLCs”) and corporations by tracking the volume weighted average price (“VWAP”) of the Atlantic Trust Select MLP Index (the “Index”). Additionally, the Index will also provide exposure to general partners of US MLPs in Canada. Barclays ETN+ ETNs are senior, unsecured, unsubordinated debt securities issued by Barclays Bank PLC. Barclays Bank PLC is the issuer of Barclays ETN+ ETNs and Barclays Capital Inc. is the issuer’s agent.

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Ameri-Source Inks Promo Agreement with USA Technologies

USA Technologies announced a 3-year agreement with Ameri-Source purchasing management company. Consisting of approximately 475 vending companies located throughout the United States, Ameri-Source is now an endorser and promoter of USAT’s cashless payment and telemetry solutions to Ameri-Source members. The Company will endorse and promote USAT’s “ePort” technology and “ePort Connect” service to its members and Ameri-Source members will be eligible to receive preferred pricing terms outlined in the agreement.

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Nowcom and PayPros Offer Payments to DealerCenter

Nowcom Corporation and PayPros are pleased to announce new integrated payments functionality within DealerCenter. The payments solution by PayPros, the industry leader for integrated payment processing, and Nowcom, the leading automotive dealer management solution provider for the independent dealer, will allow dealerships to run their entire operations from a single program. DealerCenter is a full-featured automotive dealer solution, enabling these businesses to manage, sell and advertise vehicle inventory. PayPros allows credit, debit and electronic check (ACH) transactions via a hosted, secure online payments site accessible within the DealerCenter software.

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Net Element International to Acquire Unified Payments

Net Element International, a technology-driven group specializing in electronic commerce and mobile payment processing, and Unified Payments, a leading provider of transaction processing services and payment-enabling technologies have entered a binding term sheet. With this, Net Element International will acquire Unified Payments and operate it through its newly formed subsidiary and holding company. This is expected to position and diversify Net Element International’s TOT Money business and expand its global presence in the payments market. Net Element International plans to aggressively begin deploying Unified Payments’ products and services in Russia and other emerging markets, while Unified Payments provides a strong foundation of recurring revenues in the U.S. The terms of the proposed acquisition are disclosed in Net Element International’s Form 8-K filed with the SEC.

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First Data February Analysis Shows Waning Spending

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data released its “SpendTrend” analysis for the full month of February 2013. Tracking same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations, the February “Spendtrend” indicated dollar volume growth slowed to 4.6% Y/Y from January’s 6.2%. Coincidentally, transaction growth slipped…

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VeriFone Announces Leadership Changes

The Board of Directors of VeriFone Systems announced that Douglas G. Bergeron is stepping down as CEO. Taking his place is Richard McGinn, Chairman and member of the Board of Directors. In McGinn’s place as interim Chairman is Leslie Denend. McGinn has served as a director of VeriFone since 2008 and as Chairman since 2012. He also serves as a member of the board of directors of American Express Co. Les Denend has served as a director of VeriFone since 2005 and is chair of the Company’s Compensation Committee and also serves on the Audit Committee. The Board also formed a search committee to evaluate candidates, headed by Alex W. (Pete) Hart.

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FICO and FactorTrust Team, Help Lenders Serve Underbanked

FactorTrust underbanked consumer data, analytics and risk scoring solutions announced a joint initiative with FICO predictive analytics and decision management technology. The companies plan to work together to develop new credit risk assessment models for lenders looking to better serve underbanked consumers. With the addition of FactorTrust’s alternative data to the risk assessment, lenders will be able to assess the risk of consumers who may have a thin credit bureau file, or none at all – potentially leading to greater access to credit for the underbanked segment of the population. The FactorTrust database of underbanked consumer loan performance uses best-in-class third-party data sources and contains more than 100 million distinct transaction records covering all phases of the consumer credit lifecycle, updated in real-time.

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Union Bank Deploys Fiserv ePayment Platform

Fiserv financial services technology announced Union Bank has deployed its “CheckFree RXP” electronic bill delivery and payment for online and m-banking. The “CheckFree RXP” platform leverages the Fiserv biller network to enable electronic bill payment, connecting thousands of businesses to financial institutions and consumers. Its “Payment Assistant” feature allows Union Bank customers to receive, view and pay all their bills in one place. Customers will retain control over the payment process by choosing the date they want their bill to be paid from an interactive calendar. Customers will also enjoy faster payment delivery, as most payments made via CheckFree RXP can be delivered the next business day or the same day.

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Western Union Introduces Two Mobile App Payment Solutions

Western Union global payment services launched its Speedpay mpayment service to assist billers in introducing mobile payment solutions to their customers. The Speedpay Mobile Payment App can help companies in financial services, mortgage, insurance, cable, telecommunications and other industries meet evolving consumer bill payment preferences. Upon biller implementation of the Western Union mobile solution, consumers can access enhanced payment capabilities by downloading the biller-branded app from the various online locations and app stores where billers make their apps available. Western Union Payments also introduced its mobile app offering, specifically designed for billers in the utility industry, allowing utility companies to provide their customers with the ability to view and pay bills, monitor usage, and track and report outages via their mobile devices.

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ACI Completes ORC Acquisition

ACI Worldwide payment systems completed its acquisition of Online Resources Corporation online banking and full service bill pay solutions in an all cash transaction for $3.85 per share. The acquisition adds Electronic Bill Presentment and Payment (EBPP) solutions as a strategic part of ACI’s Universal Payments portfolio and strengthens ACI’s online banking capabilities with complementary technology, and expands the company’s leadership in serving community banking and credit union customers. With this, ACI is committed to maintaining multi-year roadmaps and contractual commitments to Online Resources’ customers.

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FreedomPay & Microsoft Announce eWallet Development Event

FreedomPay is set to lead a week long development session at the #DigitalWalletFoundry event. Both FreedomPay and Microsoft will collaborate with the region’s burgeoning tech-savvy and creative population to kick start the innovative development of digital wallet applications. Digital Wallet Foundry takes place March 18-22, 2013 at the ultra-hip Modern Jago building in London’s East End. At this event developers, designers and industry thought leaders from the world’s leading banks and mobile operators are coming together to collaborate on everything from envisioning, defining wallet strategies and business planning, to coding and agile project development.

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Wells Fargo Insurance Names Managing Director

Wells Fargo Insurance named David Robertson managing director for its Atlanta office to lead business development, client service and sales, and cross-sell strategy for the company’s insurance operations. Named a 2012 Power Broker by Risk and Insurance magazine, Robertson was most recently senior VP/head of William Gallagher Associates’ (WGA). A former regional partner at Willis Group Holdings, and senior VP at Marsh, a subsidiary of Marsh & McLennan Companies. Prior to joining the insurance industry, Robertson was a corporate banking officer at Citizens & Southern National bank, and worked for First Atlanta, a predecessor of Wells Fargo. Robertson has a bachelor’s degree in business from the University of Georgia, received his MBA from Georgia State University, and a master’s in Health Policy and Management from Emory University.

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