Green Dot to Acquire Loopt Payments

Green Dot Corporation banking and payment solutions is set to acquire Loopt by the end of the 1Q/12. This will provide Green Dot improved customer acquisition and retention of its current prepaid debit card products, new banking and payment products targeted to new segments of consumers and the opportunity for Green Dot to become a leader in mobile wallets, rewards and payment solutions. Green Dot will pay total consideration of $43.4 million in cash for the company, which includes approximately $9.8 million to be set aside as a retention pool for key Loopt employees.

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First Data Shows February Payment Trends

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data Corporation, a global leader in electronic commerce and payment processing, released its First Data SpendTrend analysis for the full month of February 2012 compared to February 2011. SpendTrend tracks same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations. February’s overall year-over-year…

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ABC Mobile Pay Exhibiting Mobile POS Payment Solution

Mobile payments and mobile POS solution provider ABC Mobile Pay, announces their strategic sponsorship at the Advanced Commerce and Mobile Retail Services Summit (RAMP). ABC Mobile Pay (ABC) will be exhibiting their mobile POS payment solution which is designed to revolutionize the customer buying experience in the “Brick & Mortar” retail marketplace. By enabling merchants to easily and quickly access POS features such as inventory access & control and barcode scanning etc. on virtually any mobile device such as an iPod or iPad, retailers can ensure that their customers don’t wait in long, time-consuming check out lines.

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Consumers Hang Onto Payment Cards, Shelve mPayment

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Almost all forecasts which have looked into the subject have found that a majority of new mobile phones sold in the U.S. market are likely to be smartphones in the near future. Sales of these pocket-sized computer devices are growing very rapidly, and as older handsets require replacement, smartphones will be…

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Orbograph Inks 60th Contract for Its Check Recognition

Orbograph recognition solutions in check processing announced its OrboCAR Accura XV check recognition solution- introduced to the market in Dec 2011- has already been purchased by a total of 60 financial institutions, service bureaus and remittance clients. This lets users streamline check processing workflows in a broad range of applications and environments. Orbograph’s 15th anniversary solution, Accura XV, is the new core recognition platform for all of the Orbograph check recognition licensing and Automation Services programs available for centralized and distributed workflows.

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Citi Trends Posts 4Q/11 and Fiscal 2011 Results

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Citi Trends total 4Q/11 sales increased 3.7% to $178.4 million compared with $172.0 million in the quarter ended January 29, 2011. Comparable store sales decreased 6.2% in the fourth quarter. A net loss of $5.3 million was recognized from the year ago net income figure of $9.4 million. The total store…

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First Citizens Bank Acquires Transoft Cash Optimization

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Transoft International, a leading provider of currency supply chain management solutions for the banking industry, announced that First Citizens Bank has renewed the partnership with a new focus on central vault cash management. The addition of OptiVault complements Transoft’s OptiCash solutions already used for sophisticated cash optimization in the banks’ ATM/branch…

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First Citizens Bank expands Transoft cash management deal

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Transoft International, Inc., a leading provider of currency supply chain management solutions for the banking industry, announced today that First Citizens Bank has renewed the partnership with a new focus on central vault cash management. The addition of OptiVault complements Transoft’s OptiCash solutions already used for sophisticated cash optimization in the…

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First Data Offers $850mm Senior Secured Notes

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data Corporation announced that it intends to offer $850 million aggregate principal amount of senior secured notes due 2019 (the “Notes”). In accordance with the terms of its senior secured credit facilities, First Data will use the proceeds from the offering to repay a portion of its outstanding senior secured…

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Digital Check Receives Silver Bullet Ranger Certification

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] BAI PaymentsConnect Conference – Digital Check Corp (www.digitalcheck.com), a leading provider of desktop check scanners for remote deposit capture, as well as bank teller and branch back counter check scanning technology to the financial industry worldwide, announced that it has certified its BranchXpress BX7200 high volume scanner with Silver Bullet’s Ranger…

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Ingenico partners SilverPay for Taxi Payment

Ingenico payment solutions partnered SilverPay to supply mobile and countertop payment units to taxi fleets. This will provide the taxi drivers Ingenico’s “EFT930G” GPRS-enabled m- payment solution and the “iCT220” countertop chip and pin device. A first contract has already been secured with a medium-sized taxi fleet in Gateshead and with additional opportunities in the pipeline. This taps a market consisting of over 250,000 vehicles. SilverPay supplies payment solutions, primarily to private transport operators, and offers first line support and issue resolution for customers.

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UAE Exchange to Launch Remittance with UnionPay

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fast access to funds is so important in modern day living. Chinese expatriates in the UAE have the solution, right here. They can, very soon, remit money in to their loved ones’ UnionPay cards in China. Towards this UAE Exchange, the leading global remittance and foreign exchange brand, signed an agreement…

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