CREDIT CARD INDUSTRY FEES FAIRLY FLAT, AS PREDICTED

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Anyone near the credit card business knows credit unions and banks have had their interest income business models attacked since 2008 – prompted by a “perfect storm trilogy” of a depression-like recession, an improving yet still painful economic recovery with card members becoming more cautious in their spending habits, and legislative…

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USA Technologies Inks 10 Extended Agreements

USA Technologies entered into ten new exclusive agreements with existing customers throughout 2Q/12. The agreements call for exclusive use of USAT’s comprehensive ePort Connect service, are all three years in duration. The customers with whom the exclusive agreements have been entered into represent existing USAT customers who are regional vending companies as well as a Pepsi distributor.

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AJB Joins Visa POS Solutions

AJB Software Design integrated payment solutions is a participating Payment Technology Provider in the Visa POS Solutions Program and has validated current versions of its payment processing suite. AJB’s integrated payment solutions are customized based on industry and customer need, and are applicable for an array of sectors. AJB’s payment processing suite consists of the Retail Transaction Switch (RTS) and Flexible Integrated Payment System (FIPay), and enables merchants to quickly deploy new payment innovations. RTS is a robust, multi-purpose transaction switch that scales to meet the high level of performance demanded by North America’s largest and most well-known retailers.

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Ingenico Introduces New POS Terminal

Ingenico payment solutions launched its “iSC Touch 480″ payment terminal. Featuring 7” touchscreen device combined with a unique set of payment and business applications, the “iSC Touch 480” is designed for highly demanding multilane environments. Its video decoder plays promotional videos and a complete portfolio of connectivity options. It supports all payment options, including EMV Chip & PIN and Chip & Sign, and offers contactless payment, both through an integrated module and an external add-on. The “iSC Touch 480” ultimately allows retailers to provide a unique shopping experience that sets them apart from the competition and sets a new frontier in consumer engagement.

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MoneyGram Services at 20k African Locations

MoneyGram money transfer company officially crossed the 20,000 agent location milestone in Africa through its relationship with Express Exchange. In addition to Express Exchange, MoneyGram also leverages its robust agent network with well-respected pan-African banks in Cameroon like Afriland First Bank, Banque Atlantique and UBA. In 2012, MoneyGram announced the addition of First National Bank in South Africa and Ecobank in Nigeria, significantly expanding the company’s presence in Nigeria.

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2012 Card Portfolio Take Big Jump

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Leading card industry advisor, R.K. Hammer, just released their report for card portfolio sales last year, showing the industry had $33.1 Billion in closed deals, involving 37 portfolios, and with another $6 Billion in deals pending at year end 2012, scheduled to close early in 2013. These dollar and transaction amounts…

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Agilysys Enhances NextVision App Offering

Agilysys announced major enhancements to its NextVision mobile applications suite to NextGateway, NextManager and NextPosition, which were designed to provide store associates mobile access to real-time store and enterprise information. NextGateway is the newest addition to the NextVision software suite that affords Agilysys the opportunity to provide retailers a wide array of value-add systems functionality based on their existing software investments. It runs as a Java virtual machine within the existing store server infrastructure and is a light-weight framework installable on many POS platforms, including Toshiba Global Commerce Solutions (TGCS) 4690, Windows and Linux. NextManager product was enhanced to use the Company’s new gateway framework to implement store reporting, terminal monitoring and manager alerts. NextPosition Version 3T will enable full mobile POS functionality for Toshiba Global Commerce Solutions (TGCS) 4690-based Supermarket Application and ACE applications and will be available in April 2013.

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NCR Launches mPOS Optimization Practice

NCR Corporation launched the “NCR Mobile POS Optimization Consulting Services” to help retailers devise and implement mobile POS strategies to drive business results. It will share NCR’s insights and best practices with retailers who are implementing mobile POS strategies and is part of NCR’s innovative Global Consulting Services team. When creating an optimal mobile POS strategy, NCR’s Global Consulting Services team uses a variety of methodologies and techniques, derived from NCR’s strength and experience in retail and cross-industry best practices.

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PULSE Promotes New Sales and Account Manager

PULSE debit/ATM network promoted Mike Urquizu Senior VP, Sales and Account Management. Here he will manage and direct the company’s sales and business development activities. Prior to this, Urquizu was responsible for PULSE’s national financial institution sales program and managed a team of PULSE sales executives. Urquizu joined PULSE in 2001 as a sales executive. The move follows the decision of Leah Henderson to transition from her position as PULSE Executive Vice President, Sales and Account Management to a special advisor role also reporting directly to Schneider. He embarked on the industry with Electronic Data System’s Consumer Network Services, responsible for sales of EFT processing and business process outsourcing services in the Midwest region.

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Acquirers Shift PCI Compliance Focus

A recent ControlScan and Merchant Acquirers’ Committee (MAC) survey shows over the past year acquirers’ PCI program goals have shifted from a primary focus on risk mitigation to revenue generation. The annual survey by ControlScan, “Risk and Revenue: Second Annual Survey of the Acquirer’s Perspective on Level 4 Merchant PCI Compliance, measures acquirers’ attitudes and objectives surrounding their Level 4 merchant PCI compliance programs. Level 4 merchants process fewer than 20,000 online credit card transactions or fewer than one million face-to-face credit card transactions annually. These merchants are typically small to mid-sized businesses (SMBs) and they represent 98 percent of all U.S. retailers.

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Six Degrees Fully PCI DSS Compliant

Six Degrees Group integrated managed data services announced following an official audit its datacentres and security systems are now fully PCI DSS compliant. The confirmation of PCI DSS compliance complements Six Degrees Group’s ISO27001: 2005 certification for information security, which emphasises the Group’s commitment to protecting and securing clients’ data. With this, Six Degrees is now on the approved global Visa Merchant register.

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U.S. Bank Launching mNFC Payment App

New U.S. Bank FlexPerks Visa are invited to try a new m-payment service called U.S. Bank “Go Mobile,” which allows customers to securely pay for everyday purchases with a wave of their iPhone 4 or iPhone 4S. U.S. Bank is introducing the service in Beta with FlexPerks Travel Rewards Visa Signature account holders before introducing it more broadly in 2013. For this, U.S. Bank FlexPerks customers who opt-in for the service will receive a customized U.S. Bank Go Mobile iPhone NFC case along with their new card, accepted wherever Visa payWave is deployed. U.S. Bank “Go Mobile” ultimately lets customers pay for purchases with their iPhone with their FlexPerks card, even when they don’t have the card with them.

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