PayPal Launches New Send Money App for iPhone®

Version 2.0 Brings Fast and Secure Mobile Access to Money

SAN JOSE, Calif.--(BUSINESS WIRE)--PayPal today unveiled a new Send Money application for iPhone. Version 2.0 of the PayPal Send Money app gives PayPal and iPhone customers around the world secure mobile access to their money and convenient features for everyday life, including Bump money transfers, Split Check and Collect Money.





“PayPal Send Money lets consumers access their wallets through their phones. Because with PayPal, the wallet lives in the cloud – the mobile phone is just one device customers can use to access it.”



With “bump” users can put two iPhones together, and funds are quickly transferred between their PayPal accounts. The Split Check feature lets users conveniently divide and quickly reimburse each other for the cost of a meal, including tip and tax, for up to 20 people. Collect Money allows users to request money from multiple people for a joint gift, team dues, concert tickets, and more. Users can send gifts of money on the spot for birthdays, anniversaries or any moment of impulsive generosity.



The new Send Money app comes at a time when smartphone sales have surpassed 172.4 million units in 2009*, and consumers worldwide are expected to spend $119 billion** by 2015 through their mobile phones. PayPal mobile transactions have increased nearly six-fold, from $25 million in 2008 to $141 million in 2009.



“Today, you leave the house with three critical things: your phone, your wallet and your keys,” said Osama Bedier, PayPal’s vice president of platform and emerging technology. “PayPal Send Money lets consumers access their wallets through their phones. Because with PayPal, the wallet lives in the cloud – the mobile phone is just one device customers can use to access it.”



With the new PayPal Send Money app, users can set reminders for recurring payments, donate money to their favorite causes, and manage their PayPal accounts — all from the iPhone. For international transactions, it also features a global currency calculator and 15 languages. PayPal Send Money requires a PIN or password for every transaction to help prevent unauthorized use.



The application is now available to download for free at the Apple iTunes store online or the Apple App Store from any iPhone or iPod Touch.

For more information, visit www.PayPal.com/mobile.



* According to a Gartner Inc. study published in February 2010 titled “Competitive Landscape: Mobile Devices, Worldwide, 4Q09 and 2009."



** According to a study published by ABI Research study in February 2010 titled “Mobile Commerce”



About PayPal

PayPal is the faster, safer way to pay and get paid online. The service allows members to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing. With more than 81 million active accounts in 190 markets and 24 currencies around the world, PayPal enables global ecommerce. PayPal is an eBay (NASDAQ:EBAY) company and is made up of three leading online payment services: the PayPal global payment service, the Payflow Gateway and Bill Me Later. The company's open payment platform, PayPal X, allows developers to build innovative payment applications on multiple platforms and devices. More information about the company can be found at https://www.paypal.com.

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Wazzamba Wins by Partnering With GlobalCollect

Virtual world developer Wazzamba teams up with GlobalCollect, the world's premier payment service provider of local e-payments, to process global online payments



AMSTERDAM--(BUSINESS WIRE)--Wazzamba (www.wazzamba.com), a unique online virtual world offering players the chance to win real world travel prizes, has partnered with GlobalCollect for processing all its online payments across the world. By using the single interface Merchant Link solution, Wazzamba has full control over the check out pages while gaining access to GlobalCollect's unrivalled portfolio of payment methods - the current agreement covers international and local credit and debit cards. In addition, GlobalCollect applies Fraud Screening services to all card transactions to detect suspicious patterns and minimize fraudulent transactions.



The Wazzamba virtual world combines exploration with skill-based casual games to provide a rich and rewarding experience while offering players the chance to win real world travel prizes. Wazzamba lets casual gamers explore more than 30 destinations visiting some of the world's greatest cities and landmarks and at the same time being able to earn points to win actual travel prizes from DreamTrips® and GetAway Trips(TM) every week.



Rocco Pellegrinelli, CEO of Wazzamba, said: "We chose GlobalCollect because they provide a best-of-breed solution that covers all of our international payment needs. As a company that awards valuable prizes to its members, it is critical that we have a partner that Wazzamba, and our customers, can trust."



Jan Manten, CEO of GlobalCollect, continued: "We are very happy to add Wazzamba to our ever growing list of gaming platforms and virtual world providers. I'm sure that this innovative concept of combining skill games, answering trivia questions and winning real life travel prizes will score very well with players all over the world."



About Wazzamba

Wazzamba SA, Luxemburg, is the developer of the Wazzamba virtual world (www.wazzamba.com) which is published by Wazzamba World AG, Zug, Switzerland. The companies were formed in 2008 by Rocco Pellegrinelli, a serial entrepreneur best known for founding Brainpower, which went public on the Frankfurt stock exchange in 2000 and was sold to Bloomberg in 2006. Mr. Pellegrinelli teamed up with successful professionals from the video game, virtual world and online casual gaming industries in order to realize his vision of combining online entertainment with tangible rewards.



About GlobalCollect

GlobalCollect is the world's premier Payment Service Provider of local e-payment solutions for international Customer Not-Present (CNP) channels such as internet, mail and telephone orders, and specialized in a wide range of industries such as travel, ticketing, telecommunications, retail, publishing, portals, online gaming, and digital content. While most providers limit their services to a technical link with payment acquirers, GlobalCollect is a full service partner consulting clients on how to increase transaction volumes, expand distribution channels, and reduce costs by streamlining back office processes. Through a single-interface online payment platform, we offer access to an unrivalled portfolio of local and international payment methods in over 200 countries, including all major credit and debit cards, direct debits, bank transfers, real-time bank transfers, eWallets, cash at outlets, prepaid methods, checks, and invoices. www.globalcollect.com

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Saylent Technologies Announces “Checking 2.0” to Bring Fairness to Consumers and Financial Institutions

New Overdraft and Reward Checking Accounts Help Consumers and Bankers Work Together



FRANKLIN, Mass.--(BUSINESS WIRE)--Saylent Technologies, Inc., a pioneering provider of payment intelligence software, today announced “Checking 2.0,” a new way for financial institutions and consumers to work together towards a common goal.



“Consumers are purchasing a service from financial institutions, and that service has a delivery cost. The total cost, however, is based on how the consumer banks”



“The marketplace is marred with distrust between consumers and financial institutions. We saw a need for a solution that creates a win-win for consumers and financial institutions alike, since the reality is one cannot prosper without the other,” said Tyson Nargassans, president of Saylent Technologies.



Checking 2.0 is grounded in respect and fairness between the consumer and the financial institution. Utilizing its Account360™ solution, Saylent developed two new Checking 2.0 accounts: Overdraft Forgiveness Checking and Reward Checking 2.0.



Recent regulatory changes highlighted the practice of overdraft fees. While overdraft’s original design was well-intended and saved the consumer the embarrassment of a bounced check, it has led to the “$40 latte,” where an everyday purchase triggers an overdraft fee. Saylent’s Overdraft Forgiveness Checking allows consumers to overdraw their accounts one time per statement, for any reason, and the bank will waive the fee. As an incentive not to overdraw their account, these consumers can also earn interest and cash rewards for managing their money well and banking electronically.



The reduction in overdraft fees also creates a sizeable revenue shift for financial institutions. Its impact will be felt on free checking accounts, which have been largely subsidized by overdraft fees. Reward Checking 2.0 seeks to balance service fees, free checking and rewards checking. It charges a modest fee to the consumer to service the account, but provides opportunities to waive those fees and then earn interest and cash-back.



“Consumers are purchasing a service from financial institutions, and that service has a delivery cost. The total cost, however, is based on how the consumer banks,” Nargassans explains. “Reward Checking 2.0 is the new ‘free’ checking account for the post-recession world. It recognizes this cost, but it provides a way for the consumer to waive those fees as well as a way to make their money work harder for them. Consumers get world-class service and an opportunity to earn more. And financial institutions promote banking activities that help them operate more efficiently. That’s the win-win the market needs.”



Account360 is integrated with the financial institution’s core platform and provides real-time, automated adjustments to accounts based on their banking activity. Customers of Jack Henry & Associates’ Silverlake® and CIF 20/20® solutions have access to these solutions through the pre-integrated, hosted BIG Rewards product.  

About Saylent Technologies, Inc.

Saylent Technologies, based in Franklin, Mass., develops payment intelligence solutions to help financial institutions attract and retain accounts. Employing innovative analytics and segmentation techniques, Saylent’s Card360 solution identifies card usage patterns by cardholder, targets underperforming or at-risk segments and enables corresponding marketing programs and metrics. Saylent’s Account360 solution provides a holistic perspective on customers across all payment types, enabling financial institutions to understand and reward profitable behaviors. For more information, please visit www.saylent.com or call (508) 570-2161.



About Jack Henry & Associates, Inc.

Jack Henry & Associates, Inc. (Nasdaq: JKHY) is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions serve more than 11,300 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking™ supports banks ranging from de novo to mid-tier institutions with information processing solutions. Symitar™ is the leading provider of information processing solutions for credit unions of all sizes. ProfitStars^® provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. Additional information is available at www.jackhenry.com.

Diners Club International® Signs Merchant Acquiring Agreement With Global Payments

Deal with Leading Global Acquirer Expected to Increase Acceptance of Diners Club^® and Discover Cards

RIVERWOODS, Ill. & ATLANTA--(BUSINESS WIRE)--Diners Club International® Ltd., a business unit of Discover (NYSE: DFS), and Global Payments Direct, Inc., a subsidiary of Global Payments Inc. (NYSE: GPN), today announced the signing of a merchant acquiring agreement. Under the terms of the agreement, Global Payments will add Diners Club® card acceptance to its portfolio of payment processing services in selected markets. Diners Club and Discover Cardmembers soon will have the ability to use their cards in markets where Global Payments has a presence, which include the U.K. and certain other territories in Western Europe, Hong Kong, India, and Taiwan.





“This agreement helps to further enhance Diners Club International’s position as a leading global payments network and demonstrates our commitment to expand acceptance throughout the world”



“This agreement helps to further enhance Diners Club International’s position as a leading global payments network and demonstrates our commitment to expand acceptance throughout the world,” said Rajive Chadha, President of Diners Club International. “Our relationship with a marketplace leader like Global Payments will bring more value, choice and convenience for Diners Club and Discover Cardmembers.”



Global Payments, one of the largest worldwide merchant acquirers, will provide consolidated pricing, underwriting, risk management, processing, settlement, support and reporting to merchants, ultimately simplifying payments processing. The relationship will increase volume and broaden Diners Club and Discover card acceptance among small to mid-sized merchants.



“The ability of our organization to provide an easy to use, integrated solution for merchants, particularly throughout our key markets in Europe and Asia, will help Diners Club and Discover reach their goal of international acceptance,” said Paul R. Garcia, Chairman and CEO, Global Payments. “It’s important that merchants have a streamlined process in place when it comes to acceptance. With this deal, merchants will benefit from increased transaction volume as well as a single point of contact for all of their processing needs.”



About Diners Club International:



Diners Club International is owned by Discover Financial Services (NYSE: DFS), a leading credit card issuer and electronic payment services company. Established in 1950, Diners Club International became the first multi-purpose charge card in the world, launching a financial revolution in how consumers and companies pay for products and services. Today, Diners Club is a globally recognized brand serving the payment needs of select and affluent consumers as well as providing corporations and small business owners with a complete array of expense management solutions. With acceptance in more than 185 countries and territories, millions of merchant locations and access to over 675,000 cash access locations and ATMs, Diners Club is uniquely qualified to serve its cardmembers all over the world. For more information, visit www.dinersclub.com.



About Global Payments:



Global Payments Inc. (NYSE: GPN) is a leading provider of electronic transaction processing services for merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, Europe, and the Asia-Pacific region. Global Payments offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. Visit www.globalpaymentsinc.com for more information about the company and its services.



About Discover:



Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company operates the Discover card, America's cash rewards pioneer, and offers personal and student loans, online savings accounts, certificates of deposit and money market accounts through its Discover Bank subsidiary. Its payment businesses consist of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories. For more information, visit www.discoverfinancial.com.

Metro Bancorp and Republic First Bancorp Terminate Merger Agreement

HARRISBURG, Pa.--(BUSINESS WIRE)--Metro Bancorp Inc. (NASDAQ: METR) and Republic First Bancorp Inc. (NASDAQ: FRBK) today announced that their boards of directors have voted to terminate their merger agreement, dated November 7, 2008, because of uncertainties regarding regulatory approval of the application for the merger.

“Although we saw many benefits from the merger, we now intend to resume our focus on growing our earnings, organic growth and improved performance,” said Metro Bancorp Chairman, President and CEO Gary L. Nalbandian. “With our very strong capital base, Metro Bancorp intends to pursue de novo expansion in both our existing Central Pennsylvania footprint as well as Metro Philadelphia.”



About Metro Bank

Metro Bank, subsidiary of Metro Bancorp Inc. (NASDAQ: METR), is a financial services retailer with 33 stores in the counties of Berks, Cumberland, Dauphin, Lancaster, Lebanon and York. Headquartered in Harrisburg, the bank’s services include seven-day banking, free checking, free instant-issue Visa debit card, free coin-counting machines, free online banking and 24/7 live customer service. The bank also offers commercial banking services including term loans, commercial mortgages, lines of credit and cash management services. For more information about Metro Bank, visit mymetrobank.com.

Contacts

Metro Bancorp Inc.

Jason S. Kirsch, APR

(717) 412-6200

jason.kirsch@mymetrobank.com

Permalink: http://www.businesswire.com/news/home/20100315006721/en/Metro-Bancorp-Republic-Bancorp-Terminate-Merger-Agreement

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Chase Paymentech and Kount Join Forces to Combat Fraud for eCommerce Merchants

Industry leaders to launch powerful fraud solution to reduce merchant costs and risk associated with card-not-present fraud

DALLAS & BOISE, Idaho--(BUSINESS WIRE)--Chase Paymentech, a leading merchant acquirer and payment processor, and Kount, a Boise, Idaho-based company that specializes in card-not-present (CNP) fraud prevention, today announced an agreement to offer a comprehensive suite of fraud detection, management and prevention tools for merchants.



Chase Paymentech processes a significant share of global CNP payments, in a wide variety of payment methods, and authorizes transactions in more than 130 currencies. Its expertise and fault tolerant infrastructure, paired with Kount’s advanced fraud prevention technology, will introduce a new class of fraud management tools that will significantly improve the reliability and security of card-not-present transactions.



The ability to provide merchants with a real-time fraud score at the time of bank authorization will deliver unparalleled value. This benefit coupled with dynamic order linking, device fingerprinting, proxy piercing and other Kount capabilities will allow merchants to accurately detect and reject a significantly higher percentage of fraudulent orders, saving merchants costly chargeback fees and fines associated with fraud.



“This alliance underscores our commitment to provide merchants with the tools they need to significantly improve and sustain financial performance. Our partnership with Kount offers merchants the first truly integrated fraud-monitoring tool at the point of transaction authorization. This is a significant step toward a global effort to reduce CNP fraud,” said Chase Paymentech president Mike Duffy.



“The result of our partnership with Chase Paymentech will be a new class of tools and utilities for controlling card-not-present fraud,” said Kount CEO Brad Wiskirchen. “The comprehensive suite of products will give merchants a new level of certainty that current and future forms of fraud can be controlled."

About Chase Paymentech

Chase Paymentech, a business unit of JPMorgan Chase is a global leader in payment processing and merchant acquiring, capable of authorizing transactions in more than 130 currencies. The company’s proprietary platforms provide access to a wide variety of payment methods, such as credit cards, debit cards, prepaid stored value cards and electronic check processing. Offering secure payment solutions, improving cash-flow management, mitigating risk and accelerating funding – Chase Paymentech’s consultative approach helps today’s small and emerging businesses become tomorrow’s industry leaders. On the Internet or at the point of sale, Chase Paymentech’s unique combination of outstanding service, innovative solutions and financial strength offers solid benefits to companies both large and small. More information can be found at www.chasepaymentech.com.



About Kount

Kount® is the most advanced fraud-fighting technology available today. Developed with online and catalog merchant needs in mind, Kount defends against both traditional and emerging fraud threats. Kount defeats botnets and other organized crime using a formidable array of tools including two patented technologies — device fingerprinting, and Proxy Piercer® — along with Dynamic Scoring™, Geolocation techniques, and real-time data streams from websites all across the globe.

Kount provides merchants with maximum risk management control and flexibility, while automating costly manual review processes to improve the bottom line. For more information about Kount, please visit www.kount.com.

Contacts

Kount:

Kristen Meador

Clickbank

1-303-807-8073

kristen.meador@clickbank.com

or

Chase Paymentech:

Mia Shernoff

1-646-460-4069

mia.shernof@chasepaymentech.com

Permalink: http://www.businesswire.com/news/home/20100315006011/en/Chase-Paymentech-Kount-Join-Forces-Combat-Fraud

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