ControlScan & Foregenix Expand Global Footprint

Specialist Payment Card Industry (PCI) security service providers ControlScan and Foregenix have formed a strategic alliance to deliver a market-leading suite of technology solutions to acquiring banks and merchant service providers working with small and mid-sized businesses (SMBs) in Europe, the Middle East and Africa. In the U.S. marketplace, Atlanta-based ControlScan is recognized for its expertise in helping SMBs understand, navigate and complete their obligations of the PCI DSS. Foregenix conducts a variety of PCI and security-related assessments as well as post-breach investigations throughout the EMEA region. Both organizations are relied upon by acquiring banks and merchant service providers to reduce their associated risk in working with SMB merchants.

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nFinanSe Finishes AccountNow Sale

nFinanSe announced a provider of general purpose reloadable (GPR) prepaid cards in the direct-to-consumer sales channel. Closed in phases, the First Closing involved the sale of the operational assets of nFinanSe to an entity wholly owned by AccountNow. Assets of nFinanSe will consist solely of the stock of nFinanSe Payments Inc., the wholly-owned subsidiary of the Company that holds various state money transmitter licenses. AccountNow has an option to acquire the stock of nFinanSe Payments for a nominal payment at a Second Closing upon certain states granting approval for a change of control of its money transmitter licenses. It is highly unlikely that any proceeds will be available to holders of any other series of nFinanSe’s Convertible Preferred Stock or its Common Stock and after the Second Closing, nFinanSe will have no assets.

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BSI Implements Fiserv Platform

BSI Financial Services (BSI) has selected the Fiserv “LoanServ” platform. BSI is replacing its previous banking system with LoanServ from Fiserv to automate many of its manual processes and provide enhanced default management capabilities and other services to its clients. Deploying “LoanServ” strengthens BSI business model and provides an advanced technology platform to support unprecedented growth. The “LoanServ” platform is available to help automate all loan servicing processes, including integrated default management and collections, cashiering, escrow and investor accounting for both closed-end and revolving loans.

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Bluefin Payment Systems Appoints Board Member

Bluefin Payment Systems secure payment gateway technology announced Dickson Chu has joined its board of directors. Currently a principal at DC Advisors, Chu has served as the SVP of Merchant Solutions for Living Social, Managing Director of Citibank, and Vice President, Head of Global Products & Experience for PayPal. Bluefin Payment Systems focuses on enabling full-service payment solutions to software platforms offered by companies in a diverse range of verticals, including health/fitness, medical, legal, transportation, death care and more. Chu brings more than 25 years of experience in payments and technology and is an active advisor to a number of emerging companies. He was also SVP of Merchant Solutions for Living Social, where he managed the creation of a new business unit.

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Payment Alliance International Partners Planet Payment

Payment Alliance International (PAI) electronic payment processing solutions and ATM Deployer (IAD) partnered Planet Payment multi-currency payment and data processor to roll out “Bank in Your Currency” from Planet Payment, a real-time dynamic currency conversion (DCC) solution for ATMs. It will be integrated into PAI’s nationwide ATM network, improving the experience for international cardholders and facilitating the progression toward EMV or smart card transaction processing at the ATM, in line with the industry’s move in this direction. This provides international cardholders with the ability to instantly view, select and manage the conversion to their “home currency” of the U.S. dollar amount dispensed at participating ATMs.

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INSIDE Secure Adds Representative Firm for Intl Expansion

INSIDE Secure announced Tritech has been named to represent its product offerings, allowing the company to more easily provide customers with local design and engineering support and easy access to its broad portfolio of security solutions. Tritech will offer INSIDE’s portfolio of secure microcontroller, NFC and contactless/contact payment solutions to start-ups and major OEM’s in the communication, medical, industrial control and security sectors in the local Israeli economy. Tritech Ltd. will sell and support INSIDE Secure’s complete product line, including industry-leading VaultIC™ and MicroPass® secure solutions, MicroRead®, SecuRead® and Open NFC hardware and software.

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Cardtronics Canada Acquires Can-Do-Cash, Expands ATM Fleet

Cardtronics announced that its wholly-owned subsidiary, Cardtronics Canada, acquired Can-Do-Cash privately held ATM services company. Expanding the overall Cardtronics Canada ATM portfolio by 800 cash machines, Can-Do-Cash delivers accelerated growth primarily in Ontario and Quebec. This acquisition grows the total Cardtronics Canada fleet to 1,840 ATMs, a sizeable jump from the 600 ATM portfolio Cardtronics acquired in late 2011 with its purchase of Mr. Cash. The co-owners of Can-Do-Cash will join Cardtronics Canada as VP, Business Development and VP, Operations.

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Tyfone Inks Distribution Partnership with Protege Sistemas

Tyfone m-financial and security solutions partnered Protege Sistemas of Brazil to offer mobile banking, mobile wallet and mobile ticketing for mass transit with NFC to Brazil and Latin America. Protege Sistemas has been providing solutions in transport and automation of electronic transactions since 1987, processing millions of transactions every day, which is the market leading issuer of digital cards in the region. Tyfone’s robust, carrier neutral and device independent, mobile financial solutions suite, branded iCashe™, includes: mobile banking; patented smartcard based identity management for mobile security; and mobile payments, with and without NFC. Protege Sistemas and Tyfone will start the Brazilian rollout under the iCashe brand. Tyfone and Protege Sistemas will together add support for additional services including debit, credit and loyalty transactions, secure ID management and contactless payments in-store.

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China UnionPay & Discover Ink e-Commerce Directive

PayChina UnionPay bankcard association, with over 3.2 billion issued cards, now offers UnionPay cardholders an option to make online purchases at the websites of participating Discover Merchants. The UnionPay Online Payments (UPOP) service is UnionPay’s e-Commerce solution and was developed in response to the needs of issuers to offer UnionPay cardholders a safe and secure way to make purchases online around the world and in the U.S. Chinese are the largest group of international students in the U.S. with an increase of over 20% in 2011. UPOP will be available to Discover’s merchants, early in 2013, using the Centinel Universal Merchant Platform through Cardinal.

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Visa Announces President Retiring

John Partridge will step down as Visa’s president March 31, 2013. Partridge leads the company’s technology, emerging product, processing and client services functions. Additionally, he spear-headed the integration of recent acquisitions, including CyberSource, PlaySpan and Fundamo. He will work closely with Visa’s Chief Executive Officer, Charles W. Scharf, on a transition. Partridge made several significant contributions to the company’s success and positioned Visa for future growth. This after having served as chief operating officer of Visa and efforts to transform Visa from a membership association owned by financial institutions into a global, publicly traded company.

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