PULSE and Motorola FCU Ink Long-Term Agreement

PULSE debit/ATM network extended and expanded its long-term relationship with Motorola Employees Credit Union (MECU), as MECU’s network provider for PIN debit. This provides MECU’s 39,000 members with access to POS terminals at retail locations across the U.S. through PULSE PAY®, as well as PULSE’s nationwide network of more than 380,000 ATMs. MECU, with 10 branch locations in Illinois, Florida, Georgia, Massachusetts and Texas, has been a PULSE participant since 2007 and chose to expand its relationship with PULSE following a comprehensive review, facilitated by the Illinois Credit Union League Service Corporation, that included a detailed analysis of MECU’s debit program transaction history. The process confirmed that MECU achieves improved debit economics when its PIN debit transactions are routed through PULSE.

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MoneyGram Renews Vietcombank Agreements

MoneyGram renewed agreements with Vietcombank, featuring an expanded money transfer service allowing customers in Vietnam to send and receive money transfers at nearly 400 Vietcombank transaction offices. The renewal and addition of send services makes Vietcombank a full-service MoneyGram money transfer agent in Vietnam. It also builds on the nearly 18-year relationship between the two companies and reflects an important milestone and significant advancement for MoneyGram’s remittance service in Vietnam and its relationship with Vietcombank.

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MoneyGram Expands UnionPay Cash Services

MoneyGram and UnionPay announced a network expansion to provide emergency cash services to UnionPay credit card cardholders. The service will become available to member institutions in a phased approach. UnionPay credit cardholders with cards issued by UnionPay’s member institutions can now use MoneyGram’s global network of 284,000 locations to receive emergency cash services. Each UnionPay credit cardholder is eligible for cash assistance provided the card-issuing bank has enrolled to the MoneyGram service. The amount of available emergency cash is based on the credit limit designated by the card-issuing bank, with the maximum amount capped at USD $5,000.

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Wright Express Expands, Acquires UNIK Card Provider

Wright Express Corporation business payment processing and information management solutions has expanded its global presence by acquiring a 51% interest in UNIK S.A., a privately-held provider of payroll cards in Brazil for approximately R$44.7 million (approximately US$21.9 million). The agreement also includes the potential to acquire the remaining shares over a three-year period. The investment is expected to be accretive to adjusted net income starting in the first twelve months. UNIK is a leading provider of payroll cards, private label and processing services in Brazil specializing in the retail, government and transportation sectors.

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Westpac Implements Oberthur For Pilot TSM

Oberthur Technologies announced its Trusted Service Manager (TSM) Platform is being used by Westpac for its pilot Android Mobile NFC Payment application. Oberthur Technologies’ TSM solution allows for the secure personalization of Westpac’s Debit cards pre-personalised into android handsets fully-equipped with a secure element embedded in the SIM card – meaning there is no additional hardware attachments required. Once the users’ virtual Debit card has been personalized on the phone, participants will be able to pay for goods simply by tapping their phone onto contactless payment readers at the checkout. Oberthur Technologies is a trusted supplier to more than 5,000 banks, mobile operators and transport authorities globally and has consistently innovated its solution offerings to answer the needs of the NFC ecosystem.

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USA Tech Adds Web Services Offering

USA Technologies wireless, cashless payment and M2M telemetry solutions made available its “QuickConnect” Web service to make it easier for developers and OEMs in the unattended retail and mobile payment acceptance space to interface with USAT’s “ePort Connect” service platform. The “QuickConnect” service give machine manufacturers that desire a turnkey solution for enabling a connection to USAT’s comprehensive ePort Connect service independent of card reading hardware; mobile app developers requiring a turnkey solution for cashless payment services; and developers of unattended devices, such as kiosks, that require an easily deployed cashless option.

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Fiserv Names New SVP, Emerging Payments

Ginger Schmeltzer has joined Fiserv as senior VP, Emerging Payments, Digital Payment Solutions to lead the development and execution of enterprise-wide initiatives to facilitate the delivery of new payment services. Initially focusing on the rapidly evolving mobile payments market Schmeltzer comes to Fiserv a seasoned financial industry professional with significant experience spanning both digital channels and payments. She was most recently senior vice president of Digital Channel Management at SunTrust Bank where she oversaw online banking, mobile banking and digital money movement technologies. Here she developed and executed strategies for mobile financial services, person-to-person payments and electronic billing and payment.

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Buffalo Investors Conference Announces Participating Companies

The Founding Committee of the Western New York Investors Conference announced the presenting companies for its 2012 conference September 28. They include 19 publicly-traded companies to present their strategies, financial performance and future outlook to institutional investors and analysts from throughout the United States. These companies span a broad range of industries, years in business and market capitalization levels, with many serving customers worldwide. The WNY Investors Conference provides an opportunity for institutional investors and analysts from within and outside the region to discover the diverse investment opportunities in Western and Upstate New York, as well as others from outside the region.

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Garanti Bank Launches mPayments through QR codes

Garanti Bank announced its Romania direct mobile payments through QR codes through its recent partnership. The two companies will jointly introduce the SEQR Mobile Payments in the Romanian market through a pilot project which will dwell through some large retail chains. Garanti Bank is thus the first financial institution to drive the creation of the SEQR Mobile Payment service network in Romania. This aims to increase convenience for customers, whilst at the same time reducing costs for merchants. More precisely, QR codes will be installed in various retail chains for Garanti Bank clients to scan them with the mobile phone and pay directly for their purchases. Consumers scan a QR code into the POS terminal, the web or the bill to approve that payment will be charged to their bank accounts.

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ANZ and Bottomline Partner, Launch mBanking Management

Bottomline Technologies cloud-based payment, invoice, and banking partnered ANZ to launch ANZ Transactive – Mobile corporate banking solution. Allowing ANZ corporate clients of all sizes, in any industry to gain greater visibility and control of their Australian and New Zealand cash management activities on the go. ANZ recognised that consumer reliance on mobile technology was having a direct influence on the corporate use of mobile devices and tablets for activities such as payments and authorisation. ANZ Transactive – Mobile has been designed to seamlessly integrate with and act as an extension of the ANZ Transactive online solution to allow ANZ clients to conduct cross-border payments.

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MoneyGram Adds Banco Ganadero to Network

MoneyGram global money transfer company forged agreements with Banco Ganadero, adding the bank to the money-transfer network. Banco Ganadero customers will now be able to both send and receive international money transfers through MoneyGram’s global network. ALso, MoneyGram’s money transfer services will be available at nearly 600 locations in Bolivia, solidifying MoneyGram’s network in Bolivia.

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