BMO Expands ATM network

BMO Bank of Montreal plans to add more than 800 Cash ATMs to its network across Canada by the year 2014, bringing the network total to nearly 3,000 full-service and Cash ATMs. The new BMO Cash ATMs provide a fast and convenient way for customers to access their money, either through a withdrawal or cash advance. Also, surcharges and month-end Interac fees for BMO debit and credit card customers are waived. The ATMs are designed for cash-only transactions. BMO has also added the BMO Branch and ATM Locator function to the BMO Blue Room™ mobile app.

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Global Personality Award to UAE Exchange COO

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Mr. Y. Sudhir Kumar Shetty, COO – Global operations, UAE Exchange, was awarded the Jeevaragam Global Personality Award 2012 for his exemplary contributions to professional and socio-cultural arena. Mr. Shetty received this award from Mr. Oommen Chandy, Hon’ble Chief Minister of Kerala, India, at a glittering function held in Thiruvananthapuram, Kerala,…

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MoneyGram Posts 1Q/12 Revenue Up 8% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MoneyGram global payment services posted 1Q/12 revenue of $318.1 million, up 8% from the year ago figure of $294.0 million, while total fee and other revenue was up 9% to $314.9 million from $290.0 million. Money transfer fee and other revenue increased 12% from the year ago period; money transfer transaction…

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Euronet 1Q/12 Revenue Up 13% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Euronet Worldwide electronic payments provider posted 1Q/12 revenues of $297.6 million, a 13% increase from $262.6 million from the year ago period. Moreover, operating income totaled $15.8 million, an 8% decrease from $17.2 million from 1Q/11, and net income attributable was $13.2 million, compared to the year ago period of $17.3…

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Targeted Social Network Provider Implements Virtual Piggy ePayments

Virtual Piggy signed an agreement with YuuZoo targeted social networks, selected based on its youth e-commerce solution. The Virtual Piggy solution ensure its targeted social networks for kids, tweens and teens would have a secure environment in which to conduct financial transactions. It is parent approved and managed and doesn’t allow children do not share any personal information when making purchases, making it completely COPPA compliant and TRUSTe certified.

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USA Technologies Builds on Cashless Solutions

USA Technologies is expanding its “ePort Connect” services to build on its cashless solutions and mobile, digital media and prepaid and loyalty program trends. The Company’s turn-key cashless and contactless payment and telemetry services to the small-ticket, self service retail industries through its “ePort Connect” service will be demonstrating the ability to offer and manage a Prepaid and Loyalty Program and add Interactive Media Services to their vending machines, kiosks and other unattended terminals. The Prepaid and Loyalty program is designed to allow users to offer its consumers a reloadable prepaid card and loyalty account that could be used to offer incentives for additional purchases and cash-back bonuses for loyal patrons. Also, USA Technologies recently announced an upgrade of its “ePort Connect” service technology platform to make it possible to handle the increased data flow and scalability required to support a prepaid and loyalty program and interactive media.

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Western Union and Neighborhood Pay Services Launch Prepaid Card Program

Neighborhood Pay Services forged agreements with Western Union global payment services to offer a Prepaid MasterCard to renters and will now offer the Western Union “MoneyWise” Prepaid MasterCard on its “Rent Assurance” payment platform. The platform allows property clients to effectively expand credit acceptance terms to the millions of working Americans who apply for apartment rentals. This agreement aligns with the NPS mission to provide consumers with the opportunity for improved financial independence. Neighborhood Pay Services offers the only program in the multifamily housing industry that enables property clients to accept prospective residents based on their willingness to put safeguards in place for reliable rent payment as a condition of lease signing.

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Encore M2M Cellular Router Certified For Cash Machines

Encore Networks announced EFX Corporation payment processor for ATMs, ACH and Card Issuing certified its C2C cellular-based remote access router to link ATMs to EFX’s data centers. A Machine-to-Machine (M2M) cellular data service replaces leased data circuits or dial-up analog lines at significantly lower cost while providing higher reliability and greater flexibility. The C2C encrypts messages using either Secure Socket Layer (SSL), the same method widely used in Web commerce, or the latest IPsec (IP Security) protocol. It contains a modem that behaves identically to the central-site modem that an ATM calls and offers many remote management and security features such as a firewall, address filtering, and alarms if equipment is changed or a line is disconnected.

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NRF Advises FTC on mPayment Regulation

The National Retail Federation urged the Federal Trade Commission to move cautiously in establishing regulations for mobile payments, and said any rules that are adopted should parallel those for the underlying form of payment and not be specific to the technology. The NRF represents retailers of all types and sizes, including chain restaurants and industry partners, from the United States and more than 45 countries abroad. Retailers operate more than 3.6 million U.S. establishments that support one in four U.S. jobs – 42 million working Americans. NRF’s Retail Means Jobs campaign emphasizes the economic importance of retail and encourages policymakers to support a Jobs, Innovation and Consumer Value Agenda aimed at boosting economic growth and job creation.

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US Bank Implements Viewpointe Payment Exchange

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Viewpointe, a leading provider of cloud-based information governance and payments exchange services, announced that US Bank, lead bank of US Bancorp, selected the company’s hosted information governance platform, OnPointe, to manage the institution’s regulated communications and business content. U.S Bank’s initial goal is to improve the way it manages, classifies and…

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Pulse intros ‘Debit Dashboard’ trend, metrics analysis tool

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Pulse, a debit/ATM network, announced the launch of the Pulse Debit Dashboard, a new web-based tool that delivers Pulse participants increased access to their debit data. The Dashboard allows participants to more easily identify trends, analyze metrics and benchmark programs against those of other FIs. The dashboard application allows card issuers…

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Green Dot Posts 1Q/12 Financial Results

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Green Dot Corporation, a leading prepaid financial services company, reported financial results for the first quarter ended March 31, 2012. For the first quarter of 2012, Green Dot reported an 18% year-over-year increase in non-GAAP total operating revenues1 to $145.5 million, a 21% year-over-year increase in non-GAAP net income1 to $21.2…

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