TSYS Inks JV with Central Payment

TSYS announced its joint venture with Central Payment, in which it holds a 60% stake and will function as a TSYS affiliate. The Central Payment privately held direct merchant acquirer focuses on merchants in the restaurant, personal services and retail sectors and currently uses TSYS technology for payment processing. The joint venture will be governed by a board of directors including both TSYS and Central Payment executives.

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Global Cash Access Posts 2Q/12 Net Income Up 450%

Global Cash Access Holdings posted 2Q/12 operating income up 125% quarter-over-quarter to $16.0 million; net income per share up 450%; and cash EPS increased 92% quarter-over-quarter to $0.23. Revenues were $147.5 million for the second quarter 2012, as compared to revenues of $135.1 million for the same period in 2011. The overall increase in revenues was primarily due to the MCA asset acquisition coupled with modest organic growth in the Company’s base business. Operating income was $16.0 million for the second quarter 2012, an increase of 125%, as compared to $7.1 million for the same period in 2011. Earnings before interest, taxes, depreciation and amortization (“EBITDA”) (see Non-GAAP Financial Information below) were $20.1 million for the second quarter 2012, an increase of 68%, as compared to $12.0 million for the same period in 2011.

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Cardtronics Buys Out ATM Network

Cardtronics wholly owned subsidiary acquired all the assets of ATM Network, including its merchant contracts, customer relationships, online store and web properties. ATM Network’s management team and employees are expected to join Cardtronics. ATM Network provided ATM services to independent merchants, primarily on the local level and grew into a nationwide company, boasting a merchant client count topping 6,000. The assets of ATM Network deliver a complement to Cardtronics’ existing independent merchant ATM business, which has historically filled its sales pipeline through indirect sales efforts, primarily through a network of dealer relationships. The acquisition of ATM Network’s assets pushes Cardtronics’ merchant-owned ATM count to 21,300 machines under contract.

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American Express Appoints Executive VP/CIO

American Express appointed Marc D. Gordon Executive VP, CIO and consequently a Corporate Officer upon his election by the American Express Board of Directors. He most recently served as Enterprise CIO and Chief Technology Officer at Bank of America, where he led the development of industry-leading capabilities and innovations at very large scale. Previously, he was CIO for Best Buy and The Timberland Company. Marc began his career as a consultant at Accenture, serving clients across a range of industries. Gordon holds a bachelor’s degree in economics from Colby College and a master’s degree from MIT’s Sloan School of Management.

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Syncada from Visa Launches Enhanced Capabilities

Syncada made available its e-invoicing tool to allow companies to further automate invoice processing and improve efficiency by eliminating manual paper processes. Experts predict electronic processing and payment solutions, such as Syncada, will render paper-based invoice processing and management obsolete. The launch of this innovative e-invoicing solution, European corporates may reap the benefits of e-invoicing while making payments and providing financing to suppliers around the globe. Integrated directly into the multibank network, the e-invoicing tool meets certain requirements set forth by European Union regulators”including the ability to e-sign invoices as well as robust data capture to enable compliance with tax regulations.

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Wells Fargo Named Best Internet Bank

Global Finance magazine has named Wells Fargo & Company Best Corporate/Institutional Internet Bank and Best Consumer Internet Bank in the United States. In its 13th annual World’s Best Internet Banks competition for North America, Global Finance magazine also recognized Wells Fargo, among corporate/institutional banks, as Best Mobile Banking (for the second consecutive year), Best Online Treasury Services, and Best Web Site Design. Among consumer Internet banks, Wells Fargo earned awards for Best Web Site Design, Best Bill Payment & Presentment (for the fourth consecutive year), and Best Social Media (for the second consecutive year).

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Visa Account Holders Contribute $1.4B to UK for Olympic Games

International travelers spent an additional US$716.7 million on their Visa accounts while in the United Kingdom during the second week of the London 2012 Olympic Games (July 30 – August 5), bringing the total spend on Visa accounts in the United Kingdom to more than $1.4 billion. While the biggest Visa spenders still hail from the United States, Visa account holders from Russia – one of the top 15 contributors to the London 2012 Olympic Games – have increased travel spend on their Visa accounts by more than 30 percent for the second week in a row. The top 10 contributors to the overall spend throughout the United Kingdom on Visa accounts by country/territory during the second week of the Olympics include United States ($91.0 million); Japan ($47.4 million); and France ($44.5 million). The bottom three include Germany ($33.3 million); Canada ($25.3 million ); and Sweden ($23.9 million).

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Realex Payments Sees Growth in Volumes and Revenue

Realex Payments online payment gateway posted 2Q/12 revenue by 28% to EUR9.8m and transaction volumes by 44% to 70m. This is thanks to revenue in the UK market up 95% and in continental Europe by 31%. During the year Realex Payments signed up an additional 3,550 online retailers as clients, bringing its total client base to 8,360. Some significant wins during the year included signing up Paddy Power, notonthehighstreet.com, Hostel Bookers, Cocosa and 7 Day Shop. The online payment provider has scores of house hold names as clients including Aer Lingus, Virgin Atlantic, 32 Red, AA Insurance and Vodafone. In January 2012 the business announced a significant deal with HSBC Merchant Services, which sees Realex Payments provide a managed service to their UK online retailer base.

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Bremer Financial Implements FIS Core Solution

Bremer Financial is set to deploy FIS’ core banking solution for its commercial services, along with FIS’ item processing, treasury and cash management, image technology, ACH, branch automation and analytics solutions. Bremer selected FIS for its ability to deliver a true end-to-end core relationship solution that solves the complex challenges facing the growing bank and supports its customer-centric focus. The comprehensive functionality of FIS’ core processing solution will enable Bremer Financial to reduce the number of third-party systems used, resulting in significant improvements in operational efficiencies. FIS delivers comprehensive core solutions that are designed to meet the strategic needs of banks of all sizes. Personalized service, competitive choices and maximum convenience are the standards that set FIS’ solutions apart and provide clients with the means to meet, and often exceed, their strategic business goals.

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Agilysys Launches mPOS Software System

Agilysys marketer of proprietary enterprise software, services and solutions made available its “NextPosition 3S” next-generation mobile POS software system. Designed to work with the SAP POS application 2.3, the software extends and expands the Agilysys NextPosition MPOS functionality through integration with SAP POS via a modern, mobile user interface for the store associates. Agilysys worked closely with SAP to develop a feature-rich solution that integrates with the SAP POS and related applications for retail stores and enterprise systems without requiring additional middleware. The integration with SAP POS, leveraging the SAP Afaria® mobile device and application management solution, allows Agilysys to deliver the full functionality of a retailer’s POS system to a mobile device.

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Wells Fargo Small Business Optimism Down 6 Points

The Wells Fargo/Gallup Small Business Index declined six points to 17, which virtually erases gains experienced earlier this year. The number of business owners expecting to be in a good financial position over the next 12 months declined seven percentage points to 59% and those expecting increased revenues in the next 12 months declined by six percentage points to 43%. Despite the decline in the Index score this quarter, business owner optimism has improved significantly from the Recession low point when the Index dipped to minus 28 (-28) in 3Q/10. With the number one reason cited for not making a small business investment being concern about the overall state of the economy, small business owners planning to make capital investments over the next 12 months say they intend to make them in new equipment/machinery (64 percent) and technology, such as computers (61 percent), new software or websites (56 percent), and mobile devices (52 percent). But business owners who said they plan to make a capital investment over the next 12 months say they are planning to pay for it using business revenue/profits (93 percent); credit (39 percent); and savings (31 percent).

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HARBORTOUCH Deploys New WEBSITE In Conjunction with POS ENHANCEMENTS

Harbortouch America POS Systems launched information on several new user-friendly features on their website for online access to its POS management and reporting tool known as the Lighthouse Feature and the launch of the more powerful All in One (AIO) Elite System. Harbortouch America has also added a new video narrative for its Free POS Program, walking viewers through the structure of the Free POS Program and also offers business owners the option to enter their information online to receive a full proposal.

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