U.S. Bancorp 3Q/12 Total Revenue Up 8% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Bancorp posted a 3Q/12 net income of $1,474 million thanks in part to $2.4 billion of lines related to new credit card accounts. With this, total net revenue was up 8% from the year ago quarter and 2.2% from the previous quarter. Also helpful to annual growth were net charge-offs…

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Visa Board Elects New CEO

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Visa Board of Directors has elected Charles W. Scharf, formerly CEO, Retail Financial Services with JPMorgan Chase, to succeed Joseph W. Saunders as CEO. He also is a former director of Visa. The Board also intends to appoint a new non-executive independent chairperson with the retirement of the current chair…

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Citi Ranked Greenest Bank by Newsweek Magazine

Citigroup has been ranked the greenest bank in the United States by Newsweek magazine on the annual Newsweek “Green Rankings.” This comprehensively assess the environmental performance of the largest publicly traded companies in the U.S. and around the world, for which Citi was ranked the 17th in the United States- the highest ranking of any U.S.-based bank for the second year in a row. This is thanks to its role in the creation of the Equator Principles and Carbon Principles, two standards for addressing environmental and social risks in the financial sector, and its $50 billion Climate Initiative aimed at supporting renewable energy, energy efficiency and clean technology. Also, Citi has directed over $36.4 billion as part of the 10-year initiative announced in 2007, including financing for two of the world’s largest solar energy projects.

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AmEx Finds Fewer Mass Affluent Retirement/Health Care Concerns

Concerns about retirement and the cost of health care declined from six months ago among mass affluent Americans (consumers with $50,000-$250,000 in investable assets) according to the Fall 2012 Merrill Edge Report. Released today by Bank of America, the survey also found that college education continues to be a major concern, but this group is also taking greater responsibility for their finances. Seventy-three percent of mass affluent fear that their retirement assets will not last throughout their lifetime, down from 83% in April 2012, and 84% of this group are concerned about the rising cost of health care, also down from 89% in the same time period. Sixty-nine percent of mass affluent couples discuss their finances at least a few times per month with 34% of married mass affluent Americans are discussing their finances more than their sex life. Meanwhile, 52% of mass affluent have saved less than $250,000 for retirement. As a result, more than half of respondents plan to retire later than they had one year ago (56 percent), a year-over-year increase of 19 percent from November 2011. Three in four (73 percent) mass affluent who are between 10 and 19 years from retirement have made changes to the way they save for retirement over the past year with 36 percent trimming everyday costs to bolster their savings and 21 percent starting to work with a financial advisor.

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Clear2Pay and Backbase Combine Interface

Clear2Pay payment solutions for financial institutions and Backbase software specialists are set to conduct a joint demonstration at Sibos 2012 of a Payments 2020 customer experience ‘inside the bank’. This will offer users of the Clear2Pay payments technology a compelling user interface that matches the level of agility and sophistication that the Backbase technology brings to thousands of retail and business bank customers around the world. Clear2Pay and Backbase started discussions when it became obvious for Clear2Pay that the user experience should not be limited to the bank’s customers. Thousands of banks and payment providers’ staff around the world work with Clear2Pay’s applications on a daily basis and they too want a user experience that gives them what they need, how they want it and relevant to their work task, location and device.

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USA Tech Ranked 5th for U.S., 30th Worldwide 2011 POS Shipments

USA Technologies has been ranked as one of the top five shippers of POS terminals in the United States. The Nilson Report, a leading source of research on consumer payment systems worldwide, again ranked USAT 5th among the leading POS shippers in the United States for calendar year 2011. On a worldwide basis, USAT was ranked 30th. In addition to ePort EDGE and ePort G8 POS terminals, USAT’s PCI-compliant, cashless payments technology portfolio also includes QuickConnect™, an API Web service, all of which integrate with ePort Connect®, USAT’s comprehensive service platform designed specifically for small-ticket, self-service unattended retail locations such as vending and kiosk.

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Western Union Mastercard Available to Underbanked

Western Union global payment services, ICICI Bank and MasterCard have partnered to launch the “Western Union ICICI Bank Prepaid Card.” The card offers millions of underbanked a safe way to store and access their money anytime along with new options for saving and spending and will be the first in the market to allow the cardholder to load funds on the cards of family members and loved ones or to transfer funds card-to-card across the nation. The Western Union ICICI Bank Prepaid Card has the potential to elevate Indians into the financial mainstream.

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NCR to help ANZ Enhance Customer Experience

NCR Corporation announced a five-year agreement with ANZ to help transform its ATM network with “next generation” intelligent deposit ATMs. The agreement supports ANZ’s recently announced “Banking on Australia” initiative, a major investment program for its Australian business designed to make it easier for Australians to bank with ANZ. As part of the program ANZ will introduce 800 NCR SelfServ™ ATMs into branches, allowing 24-hour access to many traditional teller services. With its unique scalable deposit module (SDM), NCR SelfServ is the world’s only ATM that can accept, count and process cash and cheques simultaneously in one transaction, reducing the time for a typical mixed deposit to less than 60 seconds. Many of these new ATMs will also take loose coin deposits.

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Ingenico 3Q/12 Revenue Up 24.9% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Ingenico posted 3Q/12 revenue up 24.9% to €311.3 million. Revenue for the first nine months totaled €853.6 million, up 23.8 while revenue is forecast at between €1.18 and €1.2 billion for organic growth of 12%+. Meanwhile EBITDA margin is expected to reach or exceed 18.3%. [/ihc-hide-content]

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TSYS Revenue Up 1.8% Y/Y, 1% Q/Q

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TSYS posted 3Q/12 a basic earnings per share of $0.32, up 5.7% from the year ago period while revenues before reimbursable items were $406.1 million and operating income was $90.9 million, up 4.1% and 12.0%, respectively, from the year ago period. Total revenues for the quarter were $468.1 million, an increase…

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Visa Research Shows mMoney Demands Financial Services

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa research now shows consumers in six developing countries are already highly aware of mobile money services. Nearly 90% of consumers surveyed expressed interest in making use of these services in the future. The study also found that security concerns associated with carrying cash and the need to quickly send money…

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SocialCubix Connects to Dynamics credit card

SocialCubix launched its Facebook game payments application for the battery-powered Dynamics ePlate credit card device. When the “Scavenger Shop” experience is selected, a consumer’s gaming environment will change as they use their Dynamics ePlate credit card device. Consumers can sign up for a battery-powered Dynamics ePlate credit card device, subject to a credit approval, for individualized brand experience, through an experience application. The consumer can use different buttons on their ePlate device to select different experience applications.

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