UK Contactless Limit Up to GBP20

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Upgrades begin across UK retailers and vending machines to raise the contactless card payment limit to £20 from £15. The cards, of which there are 23 million in the UK, give customers a fast and easy-to-use alternative to cash when making low-value payments in participating stores, and at vending machines, festivals…

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Swedbank Robur Implements Vermilion Reporting

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Vermilion Software (Vermilion) is delighted to announce that Swedbank Robur has gone live with Vermilion Reporting Suite (VRS), utilising Vermilion’s hosted ASP environment for Factbooks, Factsheets and Key Investor Information Documents (KIID). Swedbank Robur selected Vermilion in autumn 2011, and undertook a joint phased project delivery approach. The first two projects…

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Citi offers Renminbi cash management services

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Citi launches full Renminbi (RMB) cash management and trade solutions in the UK. Through this new service, Citi will offer RMB accounts domiciled in the UK, including payments and collections capabilities, trade services and financing, along with FX transactions and hedging solutions. This launch leverages the RMB internationalisation and the increasing…

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Network International to buy Indian remittance company

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Dubai-based Network International LCC, a payment solutions provider, has offered to buy TimesofMoney, the digital payment services provider and remittance company of India’s largest media house, Bennett, Coleman and Co. Ltd. (known as the Times group). An article by India’s Business Standard said that two people with knowledge of the proposed…

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Autonet Insurance Increases Card Payments Protection

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fraud has always been an on-going issue throughout the UK spanning over many market sectors. The insurance industry is one of the most affected, costing insurers and their policyholders approximately £2 billion a year. With this in mind, Autonet Insurance who work closely with CDL, a market leader in software solutions…

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OTI 1Q/12 Revenue Up 5% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] On Track Innovations contactless technology for secure identification, payment and transaction processing technologies on secure ID, NFC, payment and loyalty applications posted 1Q/12 revenue up 5% to $12.6 million from the year ago figure of $12.0 million. Additional disclosures indicate operating cash flow up $0.5 million from ($0.8) million in 1Q/11;…

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USA Technologies Provides Additional Insight on Dissident Shareholder

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies, a leader of wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retailing industries, sent a letter to shareholders providing additional insight on dissident shareholder Bradley Tirpak, as well as the destruction of shareholder value at Direct Insite Corp., after a group of shareholders, including Tirpak, took control…

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Western Union Partners Redstone FCU

Western Union global payments and Right Choice Money Services, a wholly owned subsidiary of Redstone FCU, announced an agreement for Right Choice Money Services to offer its customers Western Union global money transfer and online money transfer services. Right Choice Money Services customers can now send and receive domestic or international money transfers with funds accessible for pay out at more than 500,000 Western Union Agent locations in more than 200 countries and territories.

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Austin Telco FCU Joins Star Network

Austin Telco Federal Credit Union inked a multi-year agreement joining the Star Network, which will provide PIN-secured debit POS and ATM access to the credit union’s members. With more than $1 billion in assets, Austin Telco serves members throughout the five-county Austin metro area. STAR is one of the nation’s leading electronic funds transfer (EFT) networks, with more than 2 million retail and ATM locations, and a subsidiary of First Data payment processing.

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Mobilis adds NFC and Biometric Authentication for mRemittance

Mobilis Networks international software applications company offering mobile wallet and billing solutions for mobile operators announced software services. These services include mobile wallets using POS fingerprint verification for international money transfers to mobile wallets and NFC mobile payments that support any mobile phone. By deploying Mobilis’ mobile wallet services for international remittances, a mobile operator can receive international money transfers directly into their subscribers’ mobile wallets through point-of-sale devices located in other countries.

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epay Launches Ria Branded PINless Calling Product

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] epay, a division of Euronet Worldwide and a leading prepaid and payments processor in the U.S., in conjunction with its sister company Ria Financial Services (Ria), announces the launch of “Ria PINless Calling.” The product is currently live in more than 42,000 epay locations across the U.S., with Ria locations scheduled…

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