Friday, May 7, 2010

Early Bird for 5th Annual Underbanked Forum Expires Today

The 5th Annual Underbanked Financial Services Forum

 
FINAL REMINDER

Final Early Bird Discount Rate Expires Tonight, May 7th!
Register now for the best rates.



5th Annual Underbanked Financial Services Forum

June 9-11, 2010

Doral Golf Resort & Spa, Miami, FL.




The final Early Bird Discount Rate will save you $200 off the standard conference rate for the 5th Annual Underbanked Financial Services Forum and will expire tonight, May 7th.


Register now
to save!

Early Bird for 5th Annual Underbanked Forum Expires Today

The 5th Annual Underbanked Financial Services Forum

 
FINAL REMINDER

Final Early Bird Discount Rate Expires Tonight, May 7th!
Register now for the best rates.



5th Annual Underbanked Financial Services Forum

June 9-11, 2010

Doral Golf Resort & Spa, Miami, FL.




The final Early Bird Discount Rate will save you $200 off the standard conference rate for the 5th Annual Underbanked Financial Services Forum and will expire tonight, May 7th.


Register now
to save!

MasterCard: Vermont Legislation Could Require Consumers to Pay More at Checkout



In a press release issued on MasterCard Worldwide's website, they suggest that consumers will get the short end of the stick in Vermont should they indeed pass the Interchange bill approved by the Vermont Senate.  (see related stories below for more on the Bill) 
Purchase, NY, - MasterCard said it is pleased that the Vermont Legislature recognized the value of accepting electronic payments and the benefits that interchange provides both merchants and consumers. They also maintained the important consumer protection provided under the Honor All Cards rule, which guarantees consumers the card they choose to use will be accepted by any merchant displaying the MasterCard logo.



However, legislation approved by the Vermont Legislature allows merchants to set a $10 minimum for the use of all electronic payment cards, including credit, debit and prepaid cards. The unintended consequence of this bill would require Vermonters and visitors to the state to spend more than they might have intended if they choose to use a payment card. The legislation would restrict consumer choice, and allow merchants to circumvent MasterCard rules that prevent consumers from being penalized for preferring to use an electronic payment card.



The new Vermont law, in addition to MasterCard rules, provides merchants with the right to offer a discount for cash and all forms of payment, including competing card brands. Using discounts to steer customers to another form of payment is preferable to minimums, as it would not lead consumers to spend more than originally intended.



About MasterCard Worldwide


MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 22 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information, go to 
www.mastercard.com. Follow us on Twitter: @mastercardnews.
Apr 05, 2010
"Today is a significant victory for Vermont's small businesses and their customers, and we applaud the Vermont Senate for standing up to the big banks and credit card companies to get this done," Jennifer Hatcher, group vice president ...
15 hours ago
WASHINGTON--(BUSINESS WIRE)--The National Retail Federation today urged Vermont Governor Jim Douglas to sign legislation passed this week that would make it easier for merchants to give a discount to customers who pay by cash, ...
Feb 24, 2010
Peter Welch, D-Vermont, who is pushing for congressional action on the issue. Video: Defending swipe fees. Video: Taking swipe at swipe fees . Related articles by Zemanta. A PIN for All Reasons - GreenSheet (pindebit.blogspot.com) ...


MasterCard: Vermont Legislation Could Require Consumers to Pay More at Checkout



In a press release issued on MasterCard Worldwide's website, they suggest that consumers will get the short end of the stick in Vermont should they indeed pass the Interchange bill approved by the Vermont Senate.  (see related stories below for more on the Bill) 
Purchase, NY, - MasterCard said it is pleased that the Vermont Legislature recognized the value of accepting electronic payments and the benefits that interchange provides both merchants and consumers. They also maintained the important consumer protection provided under the Honor All Cards rule, which guarantees consumers the card they choose to use will be accepted by any merchant displaying the MasterCard logo.



However, legislation approved by the Vermont Legislature allows merchants to set a $10 minimum for the use of all electronic payment cards, including credit, debit and prepaid cards. The unintended consequence of this bill would require Vermonters and visitors to the state to spend more than they might have intended if they choose to use a payment card. The legislation would restrict consumer choice, and allow merchants to circumvent MasterCard rules that prevent consumers from being penalized for preferring to use an electronic payment card.



The new Vermont law, in addition to MasterCard rules, provides merchants with the right to offer a discount for cash and all forms of payment, including competing card brands. Using discounts to steer customers to another form of payment is preferable to minimums, as it would not lead consumers to spend more than originally intended.



About MasterCard Worldwide


MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 22 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information, go to 
www.mastercard.com. Follow us on Twitter: @mastercardnews.
Apr 05, 2010
"Today is a significant victory for Vermont's small businesses and their customers, and we applaud the Vermont Senate for standing up to the big banks and credit card companies to get this done," Jennifer Hatcher, group vice president ...
15 hours ago
WASHINGTON--(BUSINESS WIRE)--The National Retail Federation today urged Vermont Governor Jim Douglas to sign legislation passed this week that would make it easier for merchants to give a discount to customers who pay by cash, ...
Feb 24, 2010
Peter Welch, D-Vermont, who is pushing for congressional action on the issue. Video: Defending swipe fees. Video: Taking swipe at swipe fees . Related articles by Zemanta. A PIN for All Reasons - GreenSheet (pindebit.blogspot.com) ...


Wireless Vending Technology Leader Cantaloupe Systems Launches Seed Cashless®



SAN FRANCISCO--(BUSINESS WIRE)--Cantaloupe Systems, the leading provider of wireless, cloud-computing solutions for the vending industry, announced its newest product: Seed Cashless®. Cashless vending, which enables consumers to make purchases from vending machines using their credit cards, eliminating the need for coins or bills, is the latest major advancement in the continuing evolution of machine merchandising.

“We’re excited to continue our relationship with Cantaloupe as they roll out innovative products to the millions of vending machines across America. Efficient and secure payments processing is an integral component of Seed Cashless, making it a perfect complement to Heartland’s state-of the art, real-time card processing solutions.”
Cantaloupe’s breakthrough Seed® system, monitors and reports all vending machine purchases in real-time over the Web, making it possible for vending operators to save money, boost profits and reduce their carbon footprint. Now, Seed Cashless offers significant new benefits for consumers, vending operators and commercial property managers where vending machines are placed:
  • Consumers get a wider choice of products they can purchase with a convenient swipe of a debit or credit card without having to assemble piles of coins.

  • Vending operators – who have, until now, been constrained by the psychologically important $1 price barrier – can offer a broader product variety and boost profit margins while maintaining total price flexibility. Additionally, the integration of Seed Cashless with Cantaloupe’s real-time reporting tools will, for the first time ever, enable operators to obtain end-to-end profitability reports taking into account processing, servicing and product costs and credit card fees. Cashless vending eliminates shrinkage ensuring that operators receive all the funds to which they are entitled.

  • Commercial property managers who host vending machines will see their incomes rise as consumers spend more for a wider variety of products.

“When we designed Seed, we had cashless in mind from day one,” said Mandeep Arora, Cantaloupe’s CEO. “All fifty thousand Seed devices sold to date are easily upgradeable to Seed Cashless, enabling vending operators with existing Seed installations to add cashless with only modest additional cost. Cashless is not just a nice-to-have add on. It is the wave of the future and will soon become an absolute requirement to ensure vending profitability. Consumers today demand speed and convenience and operators want pricing and product flexibility, all of which Seed Cashless provides.”
Cantaloupe’s Seed Cashless will operate through its PCI-compliant Core Gateway to a processor. Current processing partners include First Data and Heartland Payment Systems. Bob Carr, Heartland’s Chairman and CEO commented: “We’re excited to continue our relationship with Cantaloupe as they roll out innovative products to the millions of vending machines across America. Efficient and secure payments processing is an integral component of Seed Cashless, making it a perfect complement to Heartland’s state-of the art, real-time card processing solutions.”
The Seed Cashless beta program is underway with commercial launch slated for Q3, 2010. Operators interested in participating in the beta program can obtain additional information by emailingcashless@cantaloupesys.com or calling Cantaloupe directly, 415-525-8100.
About Cantaloupe Systems
San Francisco-based Cantaloupe Systems, Inc. is the fastest-growing, wireless, vending solutions provider in the U.S. The company was founded in 2002 by young engineers Mandeep Arora, a second-generation vending professional, and Anant Agrawal to provide automated merchandising for the $30 billion vending industry. Installed in individual vending machines, the CantaloupeSeed device monitors all transactions and transmits the data securely via cellular networks and the Internet Cloud. The result: for the first time, vending operators know the state of each machine’s inventory without making a physical visit. Operators using Cantaloupe Seed Solution average $35,000 in annual savings per route, can replenish 80 percent more machines per week, and can reduce their carbon footprint by 40 percent through the elimination of unnecessary truck travel and smaller loads per truck.

Contacts

Cantaloupe Systems, Inc.

Melissa Lee, 415-525-8100

Melissa.Lee@cantaloupesys.com
Permalink: http://www.businesswire.com/news/home/20100507005251/en/Wireless-Vending-Technology-Leader-Cantaloupe-Systems-Launches


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Wireless Vending Technology Leader Cantaloupe Systems Launches Seed Cashless®



SAN FRANCISCO--(BUSINESS WIRE)--Cantaloupe Systems, the leading provider of wireless, cloud-computing solutions for the vending industry, announced its newest product: Seed Cashless®. Cashless vending, which enables consumers to make purchases from vending machines using their credit cards, eliminating the need for coins or bills, is the latest major advancement in the continuing evolution of machine merchandising.

“We’re excited to continue our relationship with Cantaloupe as they roll out innovative products to the millions of vending machines across America. Efficient and secure payments processing is an integral component of Seed Cashless, making it a perfect complement to Heartland’s state-of the art, real-time card processing solutions.”
Cantaloupe’s breakthrough Seed® system, monitors and reports all vending machine purchases in real-time over the Web, making it possible for vending operators to save money, boost profits and reduce their carbon footprint. Now, Seed Cashless offers significant new benefits for consumers, vending operators and commercial property managers where vending machines are placed:
  • Consumers get a wider choice of products they can purchase with a convenient swipe of a debit or credit card without having to assemble piles of coins.

  • Vending operators – who have, until now, been constrained by the psychologically important $1 price barrier – can offer a broader product variety and boost profit margins while maintaining total price flexibility. Additionally, the integration of Seed Cashless with Cantaloupe’s real-time reporting tools will, for the first time ever, enable operators to obtain end-to-end profitability reports taking into account processing, servicing and product costs and credit card fees. Cashless vending eliminates shrinkage ensuring that operators receive all the funds to which they are entitled.

  • Commercial property managers who host vending machines will see their incomes rise as consumers spend more for a wider variety of products.

“When we designed Seed, we had cashless in mind from day one,” said Mandeep Arora, Cantaloupe’s CEO. “All fifty thousand Seed devices sold to date are easily upgradeable to Seed Cashless, enabling vending operators with existing Seed installations to add cashless with only modest additional cost. Cashless is not just a nice-to-have add on. It is the wave of the future and will soon become an absolute requirement to ensure vending profitability. Consumers today demand speed and convenience and operators want pricing and product flexibility, all of which Seed Cashless provides.”
Cantaloupe’s Seed Cashless will operate through its PCI-compliant Core Gateway to a processor. Current processing partners include First Data and Heartland Payment Systems. Bob Carr, Heartland’s Chairman and CEO commented: “We’re excited to continue our relationship with Cantaloupe as they roll out innovative products to the millions of vending machines across America. Efficient and secure payments processing is an integral component of Seed Cashless, making it a perfect complement to Heartland’s state-of the art, real-time card processing solutions.”
The Seed Cashless beta program is underway with commercial launch slated for Q3, 2010. Operators interested in participating in the beta program can obtain additional information by emailingcashless@cantaloupesys.com or calling Cantaloupe directly, 415-525-8100.
About Cantaloupe Systems
San Francisco-based Cantaloupe Systems, Inc. is the fastest-growing, wireless, vending solutions provider in the U.S. The company was founded in 2002 by young engineers Mandeep Arora, a second-generation vending professional, and Anant Agrawal to provide automated merchandising for the $30 billion vending industry. Installed in individual vending machines, the CantaloupeSeed device monitors all transactions and transmits the data securely via cellular networks and the Internet Cloud. The result: for the first time, vending operators know the state of each machine’s inventory without making a physical visit. Operators using Cantaloupe Seed Solution average $35,000 in annual savings per route, can replenish 80 percent more machines per week, and can reduce their carbon footprint by 40 percent through the elimination of unnecessary truck travel and smaller loads per truck.

Contacts

Cantaloupe Systems, Inc.

Melissa Lee, 415-525-8100

Melissa.Lee@cantaloupesys.com
Permalink: http://www.businesswire.com/news/home/20100507005251/en/Wireless-Vending-Technology-Leader-Cantaloupe-Systems-Launches


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FIS Targeted by Group of Private Equity Firms for LBO

According to Finextra, "three big private equity firms are cooking up an $11 million buy out of transaction processing outfit Fidelity National Information Services (FIS)"



Let me go on the record right now that I'll double that offer and give 'em $22 million considering they have a market cap of about $11 Billion.



In an article entitled: "Blackstone in Talks to Acquire FIS" the Wall Street Journal reports that:



A group of private-equity firms led by Blackstone Group LP are in talks to acquire financial-data-processing company Fidelity National Information Services Inc., according to people familiar with the situation.  A deal for Fidelity National, which has a market capitalization exceeding $10 billion, would be the largest leveraged buyout since the credit crisis struck nearly three years ago. Other buyout shops teaming up with Blackstone on the deal talks include TPG and Thomas H. Lee Partners LP, according to people familiar with the matter. A Fidelity National spokeswoman declined to comment. "Six banks are arranging the financing for the buyout: Bank of America Corp.; Citigroup Inc.;Deutsche Bank AG; Barclays Capital, a unit of Barclays PLC; J.P. Morgan Chase & Co.; and Credit Suisse Group"


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FIS Targeted by Group of Private Equity Firms for LBO

According to Finextra, "three big private equity firms are cooking up an $11 million buy out of transaction processing outfit Fidelity National Information Services (FIS)"



Let me go on the record right now that I'll double that offer and give 'em $22 million considering they have a market cap of about $11 Billion.



In an article entitled: "Blackstone in Talks to Acquire FIS" the Wall Street Journal reports that:



A group of private-equity firms led by Blackstone Group LP are in talks to acquire financial-data-processing company Fidelity National Information Services Inc., according to people familiar with the situation.  A deal for Fidelity National, which has a market capitalization exceeding $10 billion, would be the largest leveraged buyout since the credit crisis struck nearly three years ago. Other buyout shops teaming up with Blackstone on the deal talks include TPG and Thomas H. Lee Partners LP, according to people familiar with the matter. A Fidelity National spokeswoman declined to comment. "Six banks are arranging the financing for the buyout: Bank of America Corp.; Citigroup Inc.;Deutsche Bank AG; Barclays Capital, a unit of Barclays PLC; J.P. Morgan Chase & Co.; and Credit Suisse Group"


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Jack Henry & Associates to Acquire iPay Technologies





Acquisition of the Largest Independent U.S. Electronic Bill Pay Provider Continues Jack Henry & Associates' Strategic Expansion in Payments Industry -

MONETT, Mo.May 7 /PRNewswire-FirstCall/ -- Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated technology solutions and data processing services for financial institutions, today announced that it had entered into a definitive agreement for the acquisition of Kentucky-based iPay Technologies, a portfolio company of Spectrum Equity Investors and Bain Capital Ventures. iPay was founded in 2001 and currently operates as the largest independent electronic bill pay provider in the United States. Through strategic partnerships with more than 50 providers of information processing and online banking solutions, iPay's turnkey online bill pay services and technology are supporting more than 3,600 banks and credit unions. Under the terms of the definitive agreement, at the closing Jack Henry will purchase all of the equity of iPay for a purchase price of $300 million in cash, subject to certain closing and post-closing adjustments.
iPay partners with companies like Jack Henry & Associates to provide online bill payment solutions to financial institutions and supports those institutions' retail and small business customers with a highly configurable electronic payments platform. iPay's retail bill payment services include person-to-person payments, account-to-account interbank transfers, electronic bill presentment, the ability to pay bills from multiple accounts, expedited payments, payment tracking, automatic text alerts and payment reminders. Its small business bill pay suite includes functionality that permits users to delegate and manage payment tasks with strict entitlement controls, enforce dual account signature requirements to ensure established payment approvals, create customized electronic invoices and manage receivables.
According to Jack Prim, CEO, "iPay operates as a seamless extension of its business partners with a sophisticated bill pay engine that easily integrates with any online banking solution. We have been long-time business partners with iPay and have used its platform to process the electronic bill payments initiated with our NetTeller Bill Pay solution used by more than 1,075 banks and credit unions. We pursued this acquisition based on our first-hand experience with iPay's payments expertise and technology, its commitment to consistently deliver best-of-breed solutions, the outstanding service levels it provides, and our consistent corporate cultures. This is a key acquisition that supports our expansion in the electronic payments industry and further strengthens our payments offering."
Kevin Williams, CFO, said, "Consistent with our disciplined acquisition strategy, iPay Technologies, which is our largest acquisition to-date, adds proven solutions that complement our existing products and services, expands our presence and potential in the growing payments industry, broadens our reach outside our core client base with a highly competitive online bill pay solution, and increases our transaction-based and recurring revenues."
"iPay and Jack Henry have enjoyed a great partnership and we are thrilled that our two companies are now coming together," said Bill Ready, President of iPay Technologies.  "Jack Henry has a reputation for outstanding service and provides a breadth of phenomenal products.  Our combined capabilities will allow us to further enhance and expand the high quality, innovative products and services that our customers and partners receive from us today."
The acquisition is expected to close in June 2010, subject to regulatory approvals and customary closing conditions.  Jack Henry & Associates was advised by Wells Fargo Securities and the law firm of Stinson Morrison Hecker LLP.  William Blair & Company served as iPay's financial advisor in the transaction, and Choate, Hall & Stewart LLP provided legal counsel to iPay.
About iPay Technologies
iPay Technologies, owned by Spectrum Equity Investors, Bain Capital Ventures and management, provides online bill payment solutions and unmatched service to more banks and credit unions than any other bill payment provider.  That includes more than half of the nation's credit unions and nearly 40 percent of the nation's community banks that use bill payment software. iPay's turnkey online bill payment solutions help financial institutions to attract, retain, and grow their most profitable customers. iPay was ranked a top performer among bill pay processors by Aite Group in their 2009 industry impact report. Additional information is available at www.ipaytechnologies.com.
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 11,800 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.


SOURCE Jack Henry & Associates


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Jack Henry & Associates to Acquire iPay Technologies





Acquisition of the Largest Independent U.S. Electronic Bill Pay Provider Continues Jack Henry & Associates' Strategic Expansion in Payments Industry -

MONETT, Mo.May 7 /PRNewswire-FirstCall/ -- Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated technology solutions and data processing services for financial institutions, today announced that it had entered into a definitive agreement for the acquisition of Kentucky-based iPay Technologies, a portfolio company of Spectrum Equity Investors and Bain Capital Ventures. iPay was founded in 2001 and currently operates as the largest independent electronic bill pay provider in the United States. Through strategic partnerships with more than 50 providers of information processing and online banking solutions, iPay's turnkey online bill pay services and technology are supporting more than 3,600 banks and credit unions. Under the terms of the definitive agreement, at the closing Jack Henry will purchase all of the equity of iPay for a purchase price of $300 million in cash, subject to certain closing and post-closing adjustments.
iPay partners with companies like Jack Henry & Associates to provide online bill payment solutions to financial institutions and supports those institutions' retail and small business customers with a highly configurable electronic payments platform. iPay's retail bill payment services include person-to-person payments, account-to-account interbank transfers, electronic bill presentment, the ability to pay bills from multiple accounts, expedited payments, payment tracking, automatic text alerts and payment reminders. Its small business bill pay suite includes functionality that permits users to delegate and manage payment tasks with strict entitlement controls, enforce dual account signature requirements to ensure established payment approvals, create customized electronic invoices and manage receivables.
According to Jack Prim, CEO, "iPay operates as a seamless extension of its business partners with a sophisticated bill pay engine that easily integrates with any online banking solution. We have been long-time business partners with iPay and have used its platform to process the electronic bill payments initiated with our NetTeller Bill Pay solution used by more than 1,075 banks and credit unions. We pursued this acquisition based on our first-hand experience with iPay's payments expertise and technology, its commitment to consistently deliver best-of-breed solutions, the outstanding service levels it provides, and our consistent corporate cultures. This is a key acquisition that supports our expansion in the electronic payments industry and further strengthens our payments offering."
Kevin Williams, CFO, said, "Consistent with our disciplined acquisition strategy, iPay Technologies, which is our largest acquisition to-date, adds proven solutions that complement our existing products and services, expands our presence and potential in the growing payments industry, broadens our reach outside our core client base with a highly competitive online bill pay solution, and increases our transaction-based and recurring revenues."
"iPay and Jack Henry have enjoyed a great partnership and we are thrilled that our two companies are now coming together," said Bill Ready, President of iPay Technologies.  "Jack Henry has a reputation for outstanding service and provides a breadth of phenomenal products.  Our combined capabilities will allow us to further enhance and expand the high quality, innovative products and services that our customers and partners receive from us today."
The acquisition is expected to close in June 2010, subject to regulatory approvals and customary closing conditions.  Jack Henry & Associates was advised by Wells Fargo Securities and the law firm of Stinson Morrison Hecker LLP.  William Blair & Company served as iPay's financial advisor in the transaction, and Choate, Hall & Stewart LLP provided legal counsel to iPay.
About iPay Technologies
iPay Technologies, owned by Spectrum Equity Investors, Bain Capital Ventures and management, provides online bill payment solutions and unmatched service to more banks and credit unions than any other bill payment provider.  That includes more than half of the nation's credit unions and nearly 40 percent of the nation's community banks that use bill payment software. iPay's turnkey online bill payment solutions help financial institutions to attract, retain, and grow their most profitable customers. iPay was ranked a top performer among bill pay processors by Aite Group in their 2009 industry impact report. Additional information is available at www.ipaytechnologies.com.
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 11,800 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.


SOURCE Jack Henry & Associates


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Get Exclusive Cash Back, Freebies and More: Billeo's Offer Assistant Adds Discover and PayPal



Free Offer Assistant Now Features Nine Loyalty and Rewards Programs - Including American Express, Bank of America and Bing

SANTA CLARA, Calif.May 6 /PRNewswire/ -- It's easy to save up to 20 percent when shopping at more than 1,800 online retailers with Billeo's Offer Assistant, which today expanded to include Discover's ShopDiscover rewards and PayPal Shopping deals. Discounts from nine of the most popular loyalty and rewards programs appear right when online shoppers search for products and services on Google, Yahoo! and Bing. Billeo's Offer Assistant is one of the many ways the company saves people time and money in all types of online transactions, from shopping to bill pay.
"At Billeo, we believe every online shopper should have easy access to all the deals and discounts they deserve, without having to comb through coupons or remember which membership discounts work on which shopping sites," said Murali Subbaraofounder and CEO of Billeo. "Adding the ShopDiscover and PayPal Shopping deals takes us two steps closer to achieving our goal of being THE trusted assistant for saving money when buying online."
Since launching in September 2009, Billeo's Offer Assistant has helped online shoppers take advantage of thousands of high-quality shopping offers from banks, credit card companies and other online loyalty programs that many forget about when looking for a particular product or service. Today, Billeo's Offer Assistant highlights special rewards from American Express, Visa, AARP, Bank of America, Chase, UPside, Bing and now Discover Card and PayPal.
Discover Card customers and PayPal users can download the free Billeo toolbar at www.billeo.com to have their exclusive ShopDiscover rewards and PayPal Shopping deals appear instantly in Google, Yahoo! and Bing search results. Users also can select Discover Card or PayPal as one of their top three preferred rewards programs under the Offer Assistant's Offer Selector to guarantee they always see every available discount from Discover Card or PayPal.
To take advantage of a specific offer, users make one simple click and Billeo guides them through the entire purchase process. Billeo reminds shoppers to use the right card for each discount, and pre-fills coupon codes when needed. Billeo's other Online Assistants save additional time, by pre-filling tedious forms, saving digital copies of receipts, and otherwise simplifying the online transaction process. These include:
  • The Password Assistant to autofill login information at shopping sites

  • The Shopping Assistant to autofill checkout forms with address, billing and payment details

  • A receipt saver that stores every payment confirmation in one place



"We work to make it easy for people to reap all the rewards of shopping online," continued Subbarao. "Beyond finding available discounts and savings, we make the purchase process quick and easy by cutting down on the wasted time shoppers spend online. Anyone who wants to simplify their shopping and get the most bang for their buck should try Billeo."
To see what kind of savings Billeo's Offer Assistant can give you, please visit www.billeo.com.  
About Billeo, Inc.
Billeo provides a suite of Online Assistants that save people time and money in all types of online transactions, from shopping to bill pay. Its latest tool, the Offer Assistant, delivers high-quality discounts and deals from the loyalty programs of major card programs such as American Express, Visa and others – with no work required. Billeo was founded by seasoned executives well-versed in the online shopping and bill payment spaces. Over 40 banks, six of the top 10 card issuers, and more than 1,500 merchants are part of the trusted Billeo network. For more information about Billeo visit www.billeo.com.
SOURCE Billeo, Inc.

Get Exclusive Cash Back, Freebies and More: Billeo's Offer Assistant Adds Discover and PayPal



Free Offer Assistant Now Features Nine Loyalty and Rewards Programs - Including American Express, Bank of America and Bing

SANTA CLARA, Calif.May 6 /PRNewswire/ -- It's easy to save up to 20 percent when shopping at more than 1,800 online retailers with Billeo's Offer Assistant, which today expanded to include Discover's ShopDiscover rewards and PayPal Shopping deals. Discounts from nine of the most popular loyalty and rewards programs appear right when online shoppers search for products and services on Google, Yahoo! and Bing. Billeo's Offer Assistant is one of the many ways the company saves people time and money in all types of online transactions, from shopping to bill pay.
"At Billeo, we believe every online shopper should have easy access to all the deals and discounts they deserve, without having to comb through coupons or remember which membership discounts work on which shopping sites," said Murali Subbaraofounder and CEO of Billeo. "Adding the ShopDiscover and PayPal Shopping deals takes us two steps closer to achieving our goal of being THE trusted assistant for saving money when buying online."
Since launching in September 2009, Billeo's Offer Assistant has helped online shoppers take advantage of thousands of high-quality shopping offers from banks, credit card companies and other online loyalty programs that many forget about when looking for a particular product or service. Today, Billeo's Offer Assistant highlights special rewards from American Express, Visa, AARP, Bank of America, Chase, UPside, Bing and now Discover Card and PayPal.
Discover Card customers and PayPal users can download the free Billeo toolbar at www.billeo.com to have their exclusive ShopDiscover rewards and PayPal Shopping deals appear instantly in Google, Yahoo! and Bing search results. Users also can select Discover Card or PayPal as one of their top three preferred rewards programs under the Offer Assistant's Offer Selector to guarantee they always see every available discount from Discover Card or PayPal.
To take advantage of a specific offer, users make one simple click and Billeo guides them through the entire purchase process. Billeo reminds shoppers to use the right card for each discount, and pre-fills coupon codes when needed. Billeo's other Online Assistants save additional time, by pre-filling tedious forms, saving digital copies of receipts, and otherwise simplifying the online transaction process. These include:
  • The Password Assistant to autofill login information at shopping sites

  • The Shopping Assistant to autofill checkout forms with address, billing and payment details

  • A receipt saver that stores every payment confirmation in one place



"We work to make it easy for people to reap all the rewards of shopping online," continued Subbarao. "Beyond finding available discounts and savings, we make the purchase process quick and easy by cutting down on the wasted time shoppers spend online. Anyone who wants to simplify their shopping and get the most bang for their buck should try Billeo."
To see what kind of savings Billeo's Offer Assistant can give you, please visit www.billeo.com.  
About Billeo, Inc.
Billeo provides a suite of Online Assistants that save people time and money in all types of online transactions, from shopping to bill pay. Its latest tool, the Offer Assistant, delivers high-quality discounts and deals from the loyalty programs of major card programs such as American Express, Visa and others – with no work required. Billeo was founded by seasoned executives well-versed in the online shopping and bill payment spaces. Over 40 banks, six of the top 10 card issuers, and more than 1,500 merchants are part of the trusted Billeo network. For more information about Billeo visit www.billeo.com.
SOURCE Billeo, Inc.

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