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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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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Better ATM Services to ATM-Dispense Visa Prepaid Cards

Better ATM Services is set to expand the ATM-dispensed Visa prepaid card program throughout the U.S. The decision to grow the program followed the enthusiastic response from consumers and financial institutions during an in-market pilot program conducted through financial institutions in Arizona. Better ATM Services enabled ATMs at participating pilot financial institutions to use on-screen options and minor hardware adjustments to allow customers to purchase Visa prepaid cards directly from the ATM. Menus allow consumers to select between cash or Visa prepaid cards. While the pilot program allowed the selection of fixed value cards, menu options now allow account holders to designate the value to load on each card they purchase.

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MLMIA Endorses PayAnywhere mPOS

The Multi-Level Marketing International Association (MLMIA) is supporting PayAnywhere, providing all members of the multi-level and direct sales profession, including corporate, support (vendors/suppliers) and independent distributors, with the mobile payment industry’s only enterprise-grade, “pay-as-you-go” mobile point of sale solution. PayAnywhere empowers MLMIA to offer to everyone in the industry the mobile payment tools they need to successfully sell merchandise and analyze which items are getting the most traction amongst buyers. PayAnywhere carges no hidden fees: no setup, monthly or cancellation fees. Independent distributors and brand reps using PayAnywhere enjoy a low 2.69% fee for swiped transactions and the fastest payouts in the industry, with transaction funds typically deposited in merchant accounts within two business days. Its available on iPad, iPhone, iPod touch, Android and BlackBerry devices.

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Retail Merchants Have Positive Outlook on Holiday Shopping

Chase Paymentech indicates 59% of e-commerce companies surveyed expect better sales volume this season than in 2011, while 47% expect it to be better than pre-recession levels in 2007. The Chase Paymentech eHoliday Shopping Monitor reveals expectations for the holiday shopping season among e-commerce companies across a variety of sectors. This survey arrives ahead of…

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Euroclear & SmartStream Launch Reference Data Utility

Euroclear Bank and SmartStream partnered to provide a centralized reference data utility service known as the Central Data Utility (CDU). For this, Euroclear Bank service will source securities data from data vendors as well as from data originators, such as central securities depositories and stock exchanges. Powered by SmartStream technology, securities data processed in the CDU will first be validated, cleansed of inaccuracies and then enriched before being relayed to clients in the precise format that the client has chosen, on an intra-day basis. This new service is unique in that it is available to market participants in the form of a centralised utility. CDU clients can benefit from a centralised and simplified process to access cleansed data from their chosen data vendors.

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FreshDirect Implements Dynamics Credit Card Device

FreshDirect launched its grocer payments application for the battery-powered Dynamics ePlate credit card device, allowing consumers to earn credits towards their groceries with every purchase. When the FreshDirect experience™ application is selected on their ePlate device, a consumer will earn additional savings at FreshDirect, as they use their Dynamics ePlate™ credit card device for their everyday purchases. Consumers can sign up for a battery-powered Dynamics ePlate credit card device online and is subject to a credit approval. Connected to an ecosystem of experience providers that each delivers an individualized brand experience, through an experience™ application, to the consumer, “ePlate” lets users select different ‘experience’ applications.

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