Greater Texas Federal CU Implements Malauzai mDeposit

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Catalyst Corporate Federal Credit Union and Malauzai Software, Inc, reported today that Greater Texas Federal Credit Union has chosen its mobile deposit capture solution. Catalyst Corporate recently launched their mobile offering which is based on the Malauzai technology. “We decided on the Catalyst Corporate and Malauzai mobile offering because we needed…

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USA Technologies to Present at ROTH Stock Conference

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies announced that Chairman and CEO, Stephen P. Herbert, will present USA Technologies’ business model and growth strategies at the ROTH 24th Annual OC Growth Stock Conference to be held at the Ritz-Carlton, Laguna Niguel, California, March 11-14. Details regarding USA Technologies’ presentation are as follows: Date: March 14, 2012…

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Wells Fargo Expands Remittance Network

Wells Fargo & Company expanded its ExpressSend remittance network in partnership with Banco Azteca financial services company of Grupo Elektra. This allows Wells Fargo to extend its consumer remittance payout network distribution to Banco Azteca and Elektra’s 2,461 locations in Mexico, Guatemala, Honduras and Peru. Wells Fargo ExpressSend customers now have more than 40,200 remittance payout locations to send money to 15 countries in Latin America and Asia. In 2011, the total value Wells Fargo remitted was more than $1.8 billion.

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PayPoint and Allpay Extend Partnership

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Public sector bill payment collection specialist allpay Limited has extended its contract with the UK’s leading retail payment network, PayPoint, for a further five years. The new agreement means that PayPoint will remain at the heart of over-the-counter bill payments for allpay’s 750 social housing and local government clients. “Convenience has…

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MoneyGram and India Post Expand Presence

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MoneyGram International, a leading global money transfer company, and India Post, the largest distribution postal network in the world, today announced that their existing agreement to offer money transfer services through India Post outlets has expanded from an initial 100 locations to more than 650 locations across the country. In a…

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GCA Posts 4Q/11 Revenue Down Slightly Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global Cash Access Holdings announced its 4Q/11 revenue of $137.7 million, down a tick from the year ago figure of $137.8 million. Operating income was $14.2 million, up 40.6% from the year ago figure of $10.1 million. Earnings before interest, taxes, depreciation and amortization were $18.4 million, an increase of 33.3%,…

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JPMorgan Chase & AirPlus International Hammer-out Partnership

JPMorgan Chase & Co. Global Commercial Card business and AirPlus International forged a strategic partnership to help multinational organizations optimize processes and strengthen control of their corporate card and travel expense management programs. This will provide leading solutions to both business travellers on the road and their travel managers at home. By integrating AirPlus’ innovative approach and expertise in corporate travel payment with J.P. Morgan’s strength in global corporate banking services, the partnership will bring powerful benefits to organizations around the world. This arrangement will generate new solutions in the corporate travel payments industry over the coming months.

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American Express and Morgan Stanley Launch Co-Brand Cards

American Express and Morgan Stanley launched two new co-branded Cards: The Morgan Stanley Credit Card from American Express and The Platinum Card® from American Express exclusively for Morgan Stanley. The new Cards offer exclusive benefits for Morgan Stanley Smith Barney clients with eligible brokerage accounts and access to American Express’ award-winning customer service and Membership Rewards program. The Morgan Stanley Credit Card from American Express rewards members 10,000 Membership Rewards points after spending $1,000 within 3 months of opening a Card account; offers Additional Cards at no annual fee; 1X Membership Rewards point for all eligible purchases; $0 Introductory offer for first year, then $95 annual fee. Meanwhile, The Platinum Card from American Express Exclusively for Morgan Stanley rewards 50,000 Membership Rewards points after spending $1,000 within 3 months of opening; One Additional Card at no annual fee; 1X Membership Rewards point for all eligible purchases; Access to Airport Clubs, $200 Airline Credit, no foreign exchange fees and access to Platinum Card® Concierge; and annual fee of $450.

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Citi Launches Kindle Fire Banking App

Citi launched the first banking app designed exclusively for Kindle Fire. The Citibank (Kindle Fire Edition) app provides U.S. consumers with a visually engaging, convenient way to track, analyze and plan their finances on the go. The new app turns traditional rows of numbers into rich graphs and visual representations of consumer accounts and transactions. It was designed specifically to provide users a prime experience on the Kindle Fire’s seven-inch, full-color touchscreen. In addition to being Citi’s first app for a tablet running on the Android operating system, it is also the first app from a bank to have been built exclusively for Kindle Fire with every component, graphic, touch action, button and slider customized to the tablet’s modified operating system, form factor, screen size and resolution.

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MoneyGram Ambassador to Stand for Election to the Board

MoneyGram International money payment announced Ambassador Antonio Garza (Ret.) will stand for election to the MoneyGram Board of Directors, bringing the number of directors up to 10, five of whom will be independent. Ambassador Antonio Garza was the U.S. Ambassador to Mexico from 2002 to 2009. He is currently an attorney in the Mexico City office of White & Case LLP, an international law firm, where he has worked since 2010. He has also served as chairman of ViaNovo Ventures, the cross-border unit of a management consulting firm, since 2009. Ambassador Garza was elected to the Texas Railroad Commission in 1998 and served as its Chairman from 1999 until 2002. He is a former partner at Bracewell & Patterson (now Bracewell & Giuliani) and previously served as Secretary of State of the State of Texas and Senior Policy Advisor to the Governor of the State of Texas from 1994 to 1997.

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Princeton Payment Solutions Awarded for POS Technology

Princeton Payment Solutions (PPS) announced that Info Security Products Guide, the industry’s leading information security research and advisory guide, has named its “PANPAD” a winner of the 2012 Global Excellence Awards in the New Product Launch Category. The security industry celebrated its 8th Annual 2012 Global Excellence Awards in San Francisco by honoring excellence in every facet of the industry. The Princeton Payment Solutions PANPAD allows card data to be encrypted at the point of entry, effectively removing all order entry and research terminals from PCI scope. Many current solutions use tokenization of payment data to segregate most of your IT infrastructure from PCI scope, but order entry terminals have remained a long-standing concern. The PCI certified PANPAD cloaks payment card information at the terminal.

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Vantiv Launches IPO

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Vantiv announced that it launched its registered underwritten initial public offering of 29,412,000 shares of its Class A common stock at a price to the public between $16.00 and $18.00 per share. The underwriters of this offering have been granted an option, exercisable within 30 days, to purchase up to an…

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