The Prepaid Press - February 2009 - (Page 20)

PAYMENTS & PROCESSING February 15 · 2009 - 20 Avangate Pays Vendors, Affiliates with Prepaid MC Powered by Payoneer, Card Offers Immediate Access to Earnings AMSTERDAM, NL (January 15, 2009) Avangate, a provider of electronic software distribution and reseller management solutions for software vendors, has partnered with Payoneer Inc. to offer both vendors and affiliates a faster, less expensive and more convenient payment option compared to paper checks and wire transfers. Vendors and affiliates may now choose to get paid directly to their own Avangate Prepaid MasterCard and enjoy immediate access to their payments. The universally accepted, Avangatebranded cards can be used for making purchases or cash withdrawals at any point of purchase or ATM worldwide that accepts MasterCard. The companies say the Avangate Prepaid MasterCard is particularly appealing to software vendors and affiliates who otherwise are subject to high bank fees and lengthy delays when receiving payments by wire transfer. The Avangate Prepaid MasterCard allows international vendors and affiliates to spend or withdraw cash in local currency at favorable exchange rates, round the clock. Secure and convenient, cardholders can check their accounts and perform transactions online 24/7. If a card is lost or stolen, Payoneer cancels the card and transfers the remaining balance to a new replacement card. “We are pleased to be working with Payoneer so our software vendors - particularly those who sell exclusively online and want to be paid also online - can take advantage of this fast and easy payment alternative,” noted Avangate Global Sales Manager, Laurentiu Ghenciu. “For eCommerce providers like Avangate that serve suppliers around the world, an international payment method that is fast, inexpensive and convenient is a necessity,” commented Yuval Tal, CEO of Payoneer. “With the co-branded prepaid debit MasterCard from Payoneer, Avangate can reinforce their brand to suppliers while offering them a better way to get paid.” Source: Payoneer, Inc. (www.payoneer.com) Avangate (www.avangate.com) Hypercom Introduces HyperSafe Remote Key System Retailers Can Conduct On-Site Key Injection SCOTTSDALE, AZ (January 8, 2008) Hypercom Corporation (NYSE:HYC) has introduced the HyperSafe Remote Key System (HRKS), a standards-based remote key injection product that allows retailers to quickly and securely initiate on-site, in store payment terminal key injection at the POS. According to Hypercom, the new system offers a fast and highly secure alternative to the industry’s traditional secure room key injection process. “Retailers no longer have to ship their terminals to secure facilities for time-consuming key injections,” said Lloyd Baylard, Vice President, Multilane Products, Hypercom Corporation. “This advance represents a technological leap that streamlines the entire key injection process and saves merchants time and money.” HRKS eliminates the need for off-site secure room key injections by incorporating PKI (Public Key Infrastructure) to securely distribute symmetric 3DES keys. The system incorporates a Futurex Excrypt KMS9000 key management server with specific functionality developed for Hypercom. The Excrypt KMS9000 system is X509, FIPS 140-2 Level 3 and PCI DSS compliant. HRKS meets ANSI x9.24 and Visa PIN Security Guidelines for remote key management. “Hypercom’s introduction of HRKS caps a more than three year effort by both companies, all towards the goal of creating a more secure key injection solution to help customers save time, money and deliver the peace of mind that comes from a security design based on ANSI and Visa industry standards for remote key management,” said Brett Smith, CEO of Futurex. Hypercom’s HRKS is available now with Hypercom’s Optimum L4150 and L4250 multilane terminals as well as later versions of the Optimum L4100. Source: Hypercom (www.hypercom.com) Futurex (www.futurex.com) TIO Networks Announces Grant of Stock Options Extended to Certain Directors, Execs and Employees BURNABY, BC (January 5, 2009) TIO Networks Corp., (TSX-V:TNC), a North American multichannel expedited bill payment processor, has announced that effective December 30, 2008, it has agreed to grant incentive stock options to certain of its directors, executives and employees, to purchase up to 2,743,500 common shares of the Company, exercisable at a price of $0.30. Of these stock options, 1,855,000 were granted to directors, senior executives and certain advisors of the Company. Stock options granted to directors and senior executives are exercisable until December 30, 2013 and options granted to employees are exercisable until December 30, 2011. The number of listed shares available for issuance under the Company’s Stock Option Plan is 4,610,697. Source: TIO Networks Corp. (www.TIOnetworks.com) i2c Expands Team Carlos Pittier, Stephen Diamond Join Company REDWOOD CITY, CA (January 5, 2009) i2c Inc., a provider of payment solutions, has announced that Carlos Pittier has joined the company as director, client account relaCarlos Pittier tionship management, and Stephen Diamond has joined the company as vice president, client account management. Pittier has more than 15 years of experience in the financial services industry, in both Latin America and the United States, focusing on strategic development, product management, and advisory services. Most recently, Pittier led prepaid product development as business leader for Visa Inc.’s Latin American and Caribbean region. At Visa, he was responsible for product strategy development, working closely with regional financial institutions on the development and successful launch of prepaid products. Before joining Visa, Pittier worked as a strategic planning consultant for the Venezuelan bank CorpBanca and was a business consultant for A.T. Kearney in his native Caracas, Venezuela. At i2c, Pittier will be responsible for leading and managing i2c’s client relationships for strategic U.S. clients and for all clients in Latin American countries. Stephen Diamond, vice president, client account management, has 30 years of experience in the payments industry, with eight years of prepaid experience and a background in business and product development, strategic marketing, and risk management. According to i2c, Diamond was a leader in the development of the prepaid category in the U.S. as a senior business leader of prepaid products at Visa Inc. Among his many accomplishments during his 12-year tenure at Visa, Diamond launched the Visa teen and gift card products, expanded gift-card distribution to more than 120,000 branch and retail locations, worked with financial institutions to develop produ c t co n ce p t s and service offe r i n gs , w i t h one idea resulting in the Visa Buxx card, and m a n age d t h e Stephen Diamond personalized Visa Rewards program. At i2c, Diamond will lead and manage i2c’s client relationships, manage the account advocate group, and contribute to business development initiatives. Source: i2c Inc. (www.i2cinc.com) TSYS Offers Enhanced Loyalty Solution Unique SKU-level Authorizations on Cards ALPHARETTA, GA (February 3, 2009) TSYS, a global payments services provider and processor of network-branded prepaid card programs, has launched a private label card that can be redeemed for specific merchandise, tracking SKUlevel data at the point of sale (POS). This patentpending product is accepted at select merchants nationwide and can be used for product-specific purchases. TSYS launched more than 45 million private label cards that can read SKU-level data in 2008. Its proprietary processing technology enables merchants and consumer product goods companies to boost consumer loyalty and track buying behavior while eliminating costly paper coupon processes. TSYS says this offers flexibility among multi-merchant programs and that the company currently processes for a network of up to 30,000 merchants nationwide. Private label cards help reduce fraud in realtime and dramatically decrease the period between payment and electronic reimbursement. TSYS says it has worked closely with payment companies, acquirers and merchants to offer its clients processing capabilities with an enhanced level of detail. “The scale achieved by our private label products is a major milestone in the prepaid industry, and helps support manufacturers and retailers alike by reducing costly processes that detract from their bottom line,” said Jim Accordino, group executive for TSYS Prepaid Services. “TSYS’ private label SKU-level processing solution demonstrates our commitment to providing the most innovative and forward-thinking prepaid solutions in the market.” Source: TSYS (www.tsys.com) First American Payment Systems Inks Deal with RDM First American to Resell RDM’s Products WATERLOO, ONTARIO (January 27, 2009) First American Payment Systems L.P., a payment processor, has agreed to sell RDM Corporation’s (TSX:RC) suite of RDC products, including the ITMS Simply Deposit and WebClient products. Simply Deposit is an RDC solution designed specifically for small business. RDM says it is easy to use, requiring little to no end user training. The ITMS WebClient is a feature rich RDC solution for corporate and business environments that have many points of remote or distributed capture locations, as well as those who have large central processing centers. The Simply Deposit and the WebClient products save the end user the time and transportation expenses associated with physically depositing checks at the bank and provide faster availability of funds for the depositor. Both the Simply Deposit and WebClient products are bank agnostic so that businesses are not required to change their existing banking relationships. “We are very pleased to welcome First American as a reseller of the ITMS suite of Remote Deposit Capture products,” said Douglas Newman, President and CEO of RDM Corporation. “The market opportunity for RDC solutions among http://www.hypercom.com http://www.payoneer.com http://www.futurex.com http://www.avangate.com http://www.TIOnetworks.com http://www.i2cinc.com http://www.tsys.com http://www.rdmcorp.com http://www.first-american.net http://www.ipaystation.com

Table of Contents Feed for the Digital Edition of The Prepaid Press - February 2009

Payments & Processing: Prepaid Debit Card Trends Contents The Retske Report: A Courthouse Divided Regulatory Rundown Prepaid Business: 5 Minutes With Darren Dat Lu, CEO of Lunex Group Prepaid Telecom: International Mobile Top-Up Virgin Mobile USA Compliance Plan Accepted by NYSE Tata Communications Launches One IP World KIT Communications Selects PhoenixSoft Sprint Nextel Increases Payments to Virgin Mobile Motorola, Sprint and Boost Mobile Welcome iDEN Flip PhoenixSoft Announces New Program Virgin Mobile Partners with Susan G. Komen The State of Prepaid Technology: Prepaid Virtual Operators Emerge Prepaid Wireless Roundup Boost Launches ‘Monthly Unlimited’ in More Cities Cricket Selects Callidus On-Demand Solution ICC Worldwide Expands Prepaid Products IPsmarx Launches SIP Based Card Platform The Legal Line Prepaid Telecom in Brief Pinnacle Rolls Out Ingenico’s Payment Terminals TransCard Makes Staff Announcements H&R Block Bank Selects MasterCard Avangate Pays Vendors and Affiliates with Prepaid MC TIO Networks Announces Grant of Stock Options TSYS Offers Enhanced Loyalty Solution First American Payment Systems Inks Deal with RDM Hypercom Introduces HyperSafe Remote Key System i2c Expands Team iPayStation Integrates with Movistar Payments & Processing in Brief New Javelin Report on Evolving Prepaid Card Market TransCard, Socialwise Plan to Revolutionize Prepaid Congresswoman Introduces Financial Literacy Act Industry Analysis on Mobile Banking Available Gift Cards & Promotions: Seven Cost-Conscious Marketing Strategies for 2009 Ntreev USA Announces PvP Tournament hhgregg to Help Circuit City Customers NRF Releases December Industry Sales Cellfire Expands Kroger Mobile Coupon Program Petrofix.com Offers a New Fuel Solution Gift Cards & Promotions in Brief Our Advertisers Contact Us

The Prepaid Press - February 2009

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