Mobey Forum launches North American Chapter

Mobey Forum industry association driving the evolution of a sustainable and prosperous mobile financial services (MFS) ecosystem has expanded with Mobey Forum North America, a new arm of the association created specifically to address industry issues facing the region. The North American Chapter brings together key players in the marketplace to work through issues impacting the mobile financial ecosystem’s future and accelerate the development of sustainable MFS in this region. Members from American Express, Bank of America, Capital One, CIBC, MasterCard, TD Bank Group, US Bank and Visa, gather together to deliver sustainable, long-term mobile services to the mass market. It welcomes members from any supervised payment institutions, technology companies and mobile network operators.

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Travelex Deploys TNS for Payments Connectivity

Travelex “Outsourcing” is expanding target marketing in Malaysia, Singapore and Australia with managed payments connectivity solutions from Transaction Network Services. In doing so, TNS is providing Travelex a regional host connectivity and network access points for transactions between Travelex POS and its corresponding, customer financial institutions in various countries to enable Dynamic Currency Conversion (DCC) across the Asia Pacific region. With TNS, Travelex and its customers benefit from secure end-to-end managed connectivity utilising a PCI DSS certified backbone network. Travelex will also be using “TNSonline” network management portal for real time view of network and transaction performance for reporting and troubleshooting.

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Diebold Appoints Country Manager, UK and Ireland

Diebold has appointed John Ennis country manager, U.K. and Ireland to lead sales and service activities and execute the company’s growth strategies in that region. He will also lead efforts in continuing to strengthen Diebold’s position in the U.K. and Ireland, relying on the company’s global expertise and extensive solutions portfolio. Ennis gained 20 years of experience in the financial self-service industry, holding several senior management positions in the banking and supplier sectors. He has spent the past 10 years working in a global services and product company where he developed a thriving business within the U.K. banking sector, also leading the development of global banking accounts.

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JPMorgan Posts 2Q/12 Net Income of $5B, Card Revenue Down 5% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] JPMorgan Chase posted its 2Q/12 net income down from the 2Q/11 figure of $5.4 billion to $5.0 billion. With this, net income was $1.0 billion, a decrease of $80 million, or 7%, compared with the prior year, thanks in part to a lower reduction in the allowance for loan losses compared…

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PULSE Deploys HP to Expand Transaction Processing

HP announced PULSE has selected its Converged Infrastructure to meet growing consumer debit card use while delivering efficient transaction processing services to clients. The company leveraged HP NonStop technology to eliminate unplanned downtime, enhancing client satisfaction, while reducing processing costs. The solution offers a combination of servers, networking and storage that easily scales and eliminates unplanned downtime. PULSE is deploying ReD’s real-time transaction monitoring and risk management software solution, ReD PRISM®, implemented on HP Integrity NonStop BladeSystem NB54000c and HP Integrity NonStop NS2200 servers for the DebitProtect application. The combined solution will deliver the scalability and performance necessary to protect financial institutions’ cardholder transactions at the ATM and point of sale from the threat of fraud.

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Cadence Bank Expands FIS Implementation

Cadence Bank has expanded its relationship with FIS through the deployment of its electronic funds transfer (EFT) processing, ATM driving and fraud management. This is in addition to FIS solutions currently in use at Cadence Bank such as core account processing and Compliance Databank. The EFT solution’s deep integration with the existing FIS core processor, and FIS’ state-of-the-art fraud management functionality, were key factors in Cadence’s selection to expand its relationship with FIS. FIS processes more than 14 million EFT transactions annually. Providing comprehensive solutions, with the availability of either outsourced or in-house delivery models, FIS’ EFT solutions provide complete end-to-end functionality for account opening, card production and transaction processing. ATM driving from FIS provides a reliable ATM system with the most current features and functions, delivering high availability and extensive monitoring capabilities, enabling financial institutions to provide seamless delivery of ATM products and services.

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Meracord Launches Website Payment Feature

Meracord launched Meracord Payments payment feature for companies to collect debit and credit card payments from customers. Meracord Payments online payment button allows companies to deploy its on their own websites, giving customers an immediate and convenient way to make payments, relieving the service providers of time spent managing the collection of payments and helping increase their bottom line. Meracord Payments integrates seamlessly with Meracord’s robust payment processing platform so that customers can make secure payments directly from their service provider’s website by clicking the Meracord Payments button and walking through a few simple steps.

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Prepaid Industry Leaders to Meet in Las Vegas

Representatives from all segments of the prepaid industry are set to meet in Las Vegas to exhibit and discuss opportunities in prepaid products and services, a payment method for millions around the globe, including wireless, calling cards, gift and debit cards, loyalty and mobile payments. The two-day Conference will include speakers from diverse companies involved in prepaid, including: InComm, NetworkIP, American Express, PayPal, Fiserv, Prepaid Resources, Auris, Lunex Telecom, DIGITALK, CHARGE Anywhere, Giftango Corporation, DimpleDough, Daily Deal Media, Retailigence, and others.

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Mazuma FCU Offers Visa Card Personalization

Mazuma Credit Union now offers Mazuma Visa credit and debit card photo personalization to members. The new service provides members with the ability to personalize their cards using a photo of their choosing, through Mazuma online banking. Mazuma is currently promoting the service to members with a “Personalize Your Plastic” campaign. Members can easily personalize their card when they log in to Mazuma online banking. From there, they just follow the instructions provided on the site.

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Avidbank Provides $3mm Line of Credit to USA Technologies

Avidbank Corporate Finance, a Division of Avidbank, has provided USA Technologies a $3 million asset-based line of credit. The credit line is part of USA Technologies’ strategy to assist in the accelerated transition of cashless payment systems and services in the unattended small-ticket, retail market through its JumpStart program. USA Technologies wireless non-cash transactions, associated financial/network services and energy management provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries.

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MasterCard Europe and PrePay Solutions Launch mPayments

MasterCard Europe and PrePay Solutions (PPS) are announcing the availability in the autumn of a unique end-to-end prepaid mobile payment platform in Europe. This new service is aimed at any company (telecommunication operators, financial institutions, retailers, others) wanting to distribute a Mobile PayPass prepaid serviceMobile prepaid accounts are of particular appeal to consumers wanting to experience mobile payments for the first time with full control over their finances and spending. PPS’ comprehensive service will be available in across Europe and will address everything from traditional issuance and processing, compliance and supply-chain management to fraud and customer-service support.

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2Q/12 Consumer Spending Up 4.67% Y/Y

Moneris credit and debit card processor announced Canadian consumer spending has increased in the second quarter, up 4.67% compared to the same period last year. June, however, experienced the smallest growth, at 3.72 per cent, which may point to a slowdown in spending. The entertainment category saw the highest increase in overall spending in Q2, at 9.43 per cent, while hotels and restaurants came in close second, with growths of 6.75 and 6.41 per cent, respectively. It was Canadians’ growing appetite for fast food restaurants and acceptance of convenient credit card payment methods that drove the largest increase in spending for the fast food category, with an increase in spend of 10.9 per cent, compared to the same period in 2011. The specialty retail category also experienced strong growth, with stationery (6.62 per cent), florists (6.33 per cent) and pet shops (6.14 per cent) leading the increase in dollars spent. On the other hand, apparel – a traditionally strong spending category for Canadians – experienced more modest growth, with an increase of 2.74 per cent, compared to the same period last year.

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