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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Discover Validates First Data NFC Program

First Data electronic commerce and payment processing achieved Discover qualification of the First Data Trusted Service Management (TSM) solution for its readiness in supporting commercial launches of mobile contactless payment programs. With this, First Data can support financial institutions in the deployment of NFC services on mobile devices. First Data built its TSM solution as a managed service model that allows account issuers such as financial institutions to integrate once with a single interface for access to major NFC-enabled mobile wallets.

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BridgePortfolio Extends Contract with Fiserv

BridgePortfolio has signed a five-year contract extension for implementation of the Fiserv suite of Portfolio Management and Trading solutions (formerly known as APLSM). Selected for its leadership and tenure in the industry and the ease of use and scale of its platform, Fiserv technology supports all functions of the wealth management business, from planning, trading, post-trade processing and investor reporting, to fee billing and revenue management. BridgePortfolio is a Back Office Outsource Provider that uses its robust technology solutions for more than 50 advisory firm partners.

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Visa to Answer for Swipe Fees to the European Union

Visa Europe is in some hot water today with the European Union for restricting competition and raising prices for consumers with “swipe” fees. This after the European Union has been fighting Visa and MasterCard for ‘exorbitant’ swipe fees the associations charge merchants. Having brought antitrust charges against Visa Europe in April 2009, less than a week after suing MasterCard, the European Union is now anticipating fee reductions for European consumers, which- by the way- are less than one-third of the fees in the United States.

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