Unemployment Stagnation Going 7mos Strong

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With 8% the new contemporary standard for the unemployment rate, the number of unemployed persons (12.8 million) in July showed an unemployment rate once again just above 8%, holding steady at 8.3%. After dropping like a rock throughout the fall and winter months of last year, this is unchanged throughout the…

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First Data Solution Available to Bank of America Cardholders

Bank of America Merchant Services will offer the First Data “OfferWise” solution to all eligible merchants’ 650,000 U.S. locations through 2Go Media’s iDeals Marketing Platform, which integrated the solution into its iDeals Marketing Platform bringing offer creation, distribution and redemption for merchants. The integration of the First Data OfferWise solution through an API developed by CardSpring will allow Bank of America Merchant Services customers to electronically attach offers such as deals, eCoupons and loyalty programs to one or more of a consumer’s payment cards or mobile wallets to enable automatic redemption of the offer at the point of sale. The customer simply swipes the card at the merchant’s point of sale and the offer is redeemed.

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Chase Appoints New CEO for Card Services

Eileen Serra has been appointed CEO, Chase Card Services. Most recently Head of Card Consumer-branded Products, Serra will oversee card customer segments for Affluent, Mass Affluent, Small Business Card, Partner Card Products, Commercial Card and business in Canada. She will also be a member of the Chase Consumer & Community Banking management team. Serra is responsible for the Mass Affluent and Affluent/High Net Worth customer segments. Previously, she served as President of the Affluent/High Net Worth business and led the brand advertising and media as well as the Chase-branded Ultimate RewardsSM program.

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Datacard Implements Software Upgrade for EMV Compliance

Datacard Group secure ID and card personalization solutions made available software upgrade for U.S. card issuers utilizing the its CardWizard issuance software to manage EMV compliant smart card programs. The EMV technology upgrade package offers Datacard Group customers the ability to integrate smart card personalization into their existing card issuing environments. The first phase of the EMV technology package includes upgrading to the current CardWizard software server and key management software, as well as installing a hardware security module (HSM) provided by SafeNet, Inc, a global leader in data protection. The software upgrade along with SafeNet’s HSMs will help customers meet worldwide standards and requirements for EMV compliant card programs, as well as compliance with Visa® and MasterCard® security recommendations.

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MoneyGram Renews Partnership With Advance America

MoneyGram global money transfer company has renewed its contract with Advance America consumer financial services. This allows remittance across Advance America’s 2,435 retail locations. The five-year renewal builds on a multi-year collaboration between the two companies and includes the addition of 242 locations to the network as a result of Advance America’s recent acquisition of CompuCredit’s retail store front consumer finance business.

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National ATM Council Asks Senate to Back Elimination of Fees

The National ATM Council wrote to U.S. Senate Majority Leader Harry Reid (D-NV) and Minority Leader Mitch McConnell (R-KY), asking for their support of Senate Bill 3394, to eliminate the present duplicative and ineffectual requirement for exterior fee notice posting on ATMs. This request follows NAC’s ongoing initiatives in Washington to have this harmful requirement eliminated by the Consumer Financial Protection Bureau (CFPB) and the Congress. NAC has previously filed comments and reply comments with the CFPB, and has actively lobbied key members of Congress to end the current fee sticker law requirement.

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Regus Partners United for MileagePlus On-the-Go Production

Regus announced United’s MileagePlus members may earn additional award miles when booking Regus’ range of business services. MileagePlus members earn seven award miles per dollar spent on a new virtual office, meeting room or video communication booking. Five award miles per dollar spent will be earned on new full-time office agreements at any Regus location. United MileagePlus Premier members also receive enrollment into Regus’ Businessworld Gold program, which provides access Regus’ global network of more than 1,200 business lounges in 95 countries.

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StarHub Launches NFC App SmartWallet eWallet service

DBS, EZ-Link and MasterCard, StarHub unveils NFC app “SmartWallet” secure digital wallet service. StarHub, DBS and EZ-Link are part of the consortium which received IDA’s NFC Call for Collaboration award in October 2011, to develop an interoperable mobile NFC infrastructure and mobile payment services in Singapore. StarHub’s SmartWallet will allow its mobile customers to enjoy the convenience of using three contactless payment cards on an NFC enabled smartphone – DBS One.Tap, NFC ez-link purse and NFC FEVO Pre-paid MasterCard. SmartWallet will offer users a virtual DBS MasterCard PayPassTM card called One.Tap. With just one tap of the smartphone, customers can pay for goods or services quickly and securely at more than 20,000 DBS and MasterCard PayPass merchant partners in Singapore. Existing DBS cardmembers can apply for One.Tap at any time through DBS Internet or mobile banking.

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Citi to sell UK and Ireland Diners Card businesses to Affiniture

Citi is set to sell its Diners Club card issuing businesses in UK and Republic of Ireland to Affiniture Cards for undisclosed terms. The group will acquire payment card accounts in these countries ensuring continuity and seamless service to cardholders during migration. This marks continued progress in Citi’s strategy to reduce the assets and businesses within Citi Holdings, its portfolio of non-core operating businesses and assets, in an economically rational manner while working to generate long-term profitability and growth from Citicorp, its core franchise.

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Gemalto Deploys NFC Management Service

Gemalto launched its NFC services management, powered by its Allynis Trusted Services Manager (TSM) solution and hosted in Gemalto’s local TSM data center. This brings NFC to Singapore consumers lines up a consortium of local partners including mobile operators, banks and service providers. This is the first time that the mobile operators and a range of other service providers join forces to launch nation-wide NFC services to the general public using a unified, comprehensive TSM solution. With the upcoming commercial rollout, consumers will have the freedom to tap and pay using their NFC-enabled mobile devices at over 20,000 retail points such as convenience stores, fast food outlets, retailers and even a fleet of taxis.

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Planet Payment and Mashreq launch Currency service

Planet Payment multi-currency payment processor, and MashreqBank announced an agreement to provide Planet Payment’s Pay in Your Currency service to Mashreq’s portfolio of merchants in the United Arab Emirates. Pay in Your Currency can offer significant value-added benefits to Mashreq’s merchants and their customers. Customers are offered the convenience of paying in their home currency at the point-of-sale. The customers are handed a receipt, or pointed to an electronic terminal, which show the transaction amounts in the UAE Dirham and their home currency, together with the exchange rate and other service details.

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TNS 2Q/12 Revenue Ebbs Slightly

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TNS data communications services posted 2Q/12 total revenue down 3.3% to $136.9 million from the year ago figure of $141.6 million while GAAP net income was $2.3 million, compared to GAAP net income of $1.1 million in 2Q/11. With this, Revenue from the Telecommunication Services Division decreased $0.8 million by 1.0%…

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